NOVANTA INC (NOVT) Fundamental Analysis & Valuation

NASDAQ:NOVT • CA67000B1040

136.59 USD
-4.05 (-2.88%)
At close: Mar 5, 2026
136.59 USD
0 (0%)
After Hours: 3/5/2026, 8:11:22 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This NOVT fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

Taking everything into account, NOVT scores 5 out of 10 in our fundamental rating. NOVT was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. NOVT is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. While showing a medium growth rate, NOVT is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

6

1. NOVT Profitability Analysis

1.1 Basic Checks

  • NOVT had positive earnings in the past year.
  • In the past year NOVT had a positive cash flow from operations.
  • NOVT had positive earnings in each of the past 5 years.
  • In the past 5 years NOVT always reported a positive cash flow from operatings.
NOVT Yearly Net Income VS EBIT VS OCF VS FCFNOVT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 2.98%, NOVT is in the better half of the industry, outperforming 64.52% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 4.10%, NOVT is in line with its industry, outperforming 58.06% of the companies in the same industry.
  • NOVT has a Return On Invested Capital (5.79%) which is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for NOVT is in line with the industry average of 8.86%.
Industry RankSector Rank
ROA 2.98%
ROE 4.1%
ROIC 5.79%
ROA(3y)4.51%
ROA(5y)4.72%
ROE(3y)7.84%
ROE(5y)9.2%
ROIC(3y)7.61%
ROIC(5y)7.39%
NOVT Yearly ROA, ROE, ROICNOVT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • With a decent Profit Margin value of 5.49%, NOVT is doing good in the industry, outperforming 70.97% of the companies in the same industry.
  • NOVT's Profit Margin has declined in the last couple of years.
  • NOVT's Operating Margin of 11.90% is fine compared to the rest of the industry. NOVT outperforms 79.03% of its industry peers.
  • In the last couple of years the Operating Margin of NOVT has grown nicely.
  • NOVT has a Gross Margin of 44.39%. This is in the better half of the industry: NOVT outperforms 77.42% of its industry peers.
  • NOVT's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 11.9%
PM (TTM) 5.49%
GM 44.39%
OM growth 3Y-1.6%
OM growth 5Y3.31%
PM growth 3Y-13.92%
PM growth 5Y-6.14%
GM growth 3Y0.32%
GM growth 5Y1.4%
NOVT Yearly Profit, Operating, Gross MarginsNOVT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. NOVT Health Analysis

2.1 Basic Checks

  • NOVT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • NOVT has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, NOVT has more shares outstanding
  • NOVT has a better debt/assets ratio than last year.
NOVT Yearly Shares OutstandingNOVT Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M
NOVT Yearly Total Debt VS Total AssetsNOVT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.2 Solvency

  • An Altman-Z score of 7.32 indicates that NOVT is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 7.32, NOVT belongs to the top of the industry, outperforming 82.26% of the companies in the same industry.
  • The Debt to FCF ratio of NOVT is 5.24, which is a neutral value as it means it would take NOVT, 5.24 years of fcf income to pay off all of its debts.
  • NOVT has a Debt to FCF ratio of 5.24. This is in the better half of the industry: NOVT outperforms 61.29% of its industry peers.
  • NOVT has a Debt/Equity ratio of 0.16. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of NOVT (0.16) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 5.24
Altman-Z 7.32
ROIC/WACC0.64
WACC9.03%
NOVT Yearly LT Debt VS Equity VS FCFNOVT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.3 Liquidity

  • NOVT has a Current Ratio of 3.69. This indicates that NOVT is financially healthy and has no problem in meeting its short term obligations.
  • NOVT has a Current ratio of 3.69. This is in the better half of the industry: NOVT outperforms 71.77% of its industry peers.
  • NOVT has a Quick Ratio of 2.80. This indicates that NOVT is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 2.80, NOVT is in the better half of the industry, outperforming 70.16% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.69
Quick Ratio 2.8
NOVT Yearly Current Assets VS Current LiabilitesNOVT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. NOVT Growth Analysis

3.1 Past

  • NOVT shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.49%.
  • The Earnings Per Share has been growing by 11.07% on average over the past years. This is quite good.
  • The Revenue has been growing slightly by 3.30% in the past year.
  • Measured over the past years, NOVT shows a quite strong growth in Revenue. The Revenue has been growing by 10.67% on average per year.
EPS 1Y (TTM)6.49%
EPS 3Y2.23%
EPS 5Y11.07%
EPS Q2Q%19.74%
Revenue 1Y (TTM)3.3%
Revenue growth 3Y4.44%
Revenue growth 5Y10.67%
Sales Q2Q%8.5%

3.2 Future

  • NOVT is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.50% yearly.
  • NOVT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.67% yearly.
EPS Next Y10.81%
EPS Next 2Y12.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.88%
Revenue Next 2Y6.67%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
NOVT Yearly Revenue VS EstimatesNOVT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 200M 400M 600M 800M 1B
NOVT Yearly EPS VS EstimatesNOVT Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3 4

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Find the best growth stocksShow best growing peers

2

4. NOVT Valuation Analysis

4.1 Price/Earnings Ratio

  • NOVT is valuated quite expensively with a Price/Earnings ratio of 41.64.
  • NOVT's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.74, NOVT is valued quite expensively.
  • NOVT is valuated quite expensively with a Price/Forward Earnings ratio of 37.58.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of NOVT is on the same level as its industry peers.
  • NOVT's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 24.82.
Industry RankSector Rank
PE 41.64
Fwd PE 37.58
NOVT Price Earnings VS Forward Price EarningsNOVT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

  • NOVT's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of NOVT is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 100.63
EV/EBITDA 26.58
NOVT Per share dataNOVT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates NOVT does not grow enough to justify the current Price/Earnings ratio.
  • NOVT has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as NOVT's earnings are expected to grow with 12.50% in the coming years.
PEG (NY)3.85
PEG (5Y)3.76
EPS Next 2Y12.5%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. NOVT Dividend Analysis

5.1 Amount

  • NOVT does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

NOVT Fundamentals: All Metrics, Ratios and Statistics

NOVANTA INC

NASDAQ:NOVT (3/5/2026, 8:11:22 PM)

After market: 136.59 0 (0%)

136.59

-4.05 (-2.88%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-23
Earnings (Next)05-04
Inst Owners102.56%
Inst Owner Change12.75%
Ins Owners1.01%
Ins Owner Change3.19%
Market Cap4.87B
Revenue(TTM)980.60M
Net Income(TTM)53.83M
Analysts80
Price Target158.61 (16.12%)
Short Float %9.86%
Short Ratio7.65
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)2.91%
Min EPS beat(2)1.38%
Max EPS beat(2)4.44%
EPS beat(4)4
Avg EPS beat(4)3.79%
Min EPS beat(4)1.38%
Max EPS beat(4)7.75%
EPS beat(8)7
Avg EPS beat(8)5.79%
EPS beat(12)10
Avg EPS beat(12)6.43%
EPS beat(16)14
Avg EPS beat(16)6.63%
Revenue beat(2)0
Avg Revenue beat(2)-1.06%
Min Revenue beat(2)-1.21%
Max Revenue beat(2)-0.91%
Revenue beat(4)0
Avg Revenue beat(4)-1.2%
Min Revenue beat(4)-1.95%
Max Revenue beat(4)-0.72%
Revenue beat(8)0
Avg Revenue beat(8)-1.3%
Revenue beat(12)1
Avg Revenue beat(12)-1.1%
Revenue beat(16)4
Avg Revenue beat(16)-0.6%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.12%
EPS NY rev (1m)-0.31%
EPS NY rev (3m)-0.2%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.1%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.01%
Valuation
Industry RankSector Rank
PE 41.64
Fwd PE 37.58
P/S 4.97
P/FCF 100.63
P/OCF 76.08
P/B 3.71
P/tB 10.02
EV/EBITDA 26.58
EPS(TTM)3.28
EY2.4%
EPS(NY)3.63
Fwd EY2.66%
FCF(TTM)1.36
FCFY0.99%
OCF(TTM)1.8
OCFY1.31%
SpS27.48
BVpS36.84
TBVpS13.63
PEG (NY)3.85
PEG (5Y)3.76
Graham Number52.14
Profitability
Industry RankSector Rank
ROA 2.98%
ROE 4.1%
ROCE 7.32%
ROIC 5.79%
ROICexc 7.61%
ROICexgc 23.95%
OM 11.9%
PM (TTM) 5.49%
GM 44.39%
FCFM 4.94%
ROA(3y)4.51%
ROA(5y)4.72%
ROE(3y)7.84%
ROE(5y)9.2%
ROIC(3y)7.61%
ROIC(5y)7.39%
ROICexc(3y)8.81%
ROICexc(5y)8.44%
ROICexgc(3y)26.96%
ROICexgc(5y)27.21%
ROCE(3y)9.61%
ROCE(5y)9.34%
ROICexgc growth 3Y-3.25%
ROICexgc growth 5Y-0.61%
ROICexc growth 3Y-4.42%
ROICexc growth 5Y0.15%
OM growth 3Y-1.6%
OM growth 5Y3.31%
PM growth 3Y-13.92%
PM growth 5Y-6.14%
GM growth 3Y0.32%
GM growth 5Y1.4%
F-Score5
Asset Turnover0.54
Health
Industry RankSector Rank
Debt/Equity 0.16
Debt/FCF 5.24
Debt/EBITDA 1.2
Cap/Depr 25.23%
Cap/Sales 1.59%
Interest Coverage 5.17
Cash Conversion 35.87%
Profit Quality 89.97%
Current Ratio 3.69
Quick Ratio 2.8
Altman-Z 7.32
F-Score5
WACC9.03%
ROIC/WACC0.64
Cap/Depr(3y)32.98%
Cap/Depr(5y)36.37%
Cap/Sales(3y)1.89%
Cap/Sales(5y)2.15%
Profit Quality(3y)149.3%
Profit Quality(5y)138.46%
High Growth Momentum
Growth
EPS 1Y (TTM)6.49%
EPS 3Y2.23%
EPS 5Y11.07%
EPS Q2Q%19.74%
EPS Next Y10.81%
EPS Next 2Y12.5%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)3.3%
Revenue growth 3Y4.44%
Revenue growth 5Y10.67%
Sales Q2Q%8.5%
Revenue Next Year6.88%
Revenue Next 2Y6.67%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-6.14%
EBIT growth 3Y2.76%
EBIT growth 5Y14.34%
EBIT Next Year44.88%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-65.74%
FCF growth 3Y-12.06%
FCF growth 5Y-17.88%
OCF growth 1Y-59.59%
OCF growth 3Y-10.98%
OCF growth 5Y-14.5%

NOVANTA INC / NOVT FAQ

What is the fundamental rating for NOVT stock?

ChartMill assigns a fundamental rating of 5 / 10 to NOVT.


What is the valuation status of NOVANTA INC (NOVT) stock?

ChartMill assigns a valuation rating of 2 / 10 to NOVANTA INC (NOVT). This can be considered as Overvalued.


Can you provide the profitability details for NOVANTA INC?

NOVANTA INC (NOVT) has a profitability rating of 6 / 10.


What are the PE and PB ratios of NOVANTA INC (NOVT) stock?

The Price/Earnings (PE) ratio for NOVANTA INC (NOVT) is 41.64 and the Price/Book (PB) ratio is 3.71.


What is the earnings growth outlook for NOVANTA INC?

The Earnings per Share (EPS) of NOVANTA INC (NOVT) is expected to grow by 10.81% in the next year.