Novanta Inc.

NasdaqGS:NOVT Stock Report

Market Cap: US$5.5b

Novanta Management

Management criteria checks 4/4

Novanta's CEO is Matthijs Glastra, appointed in Sep 2016, has a tenure of 8.25 years. total yearly compensation is $8.26M, comprised of 9.5% salary and 90.5% bonuses, including company stock and options. directly owns 0.34% of the company’s shares, worth $18.97M. The average tenure of the management team and the board of directors is 2.7 years and 3.6 years respectively.

Key information

Matthijs Glastra

Chief executive officer

US$8.3m

Total compensation

CEO salary percentage9.5%
CEO tenure8.3yrs
CEO ownership0.3%
Management average tenure2.7yrs
Board average tenure3.6yrs

Recent management updates

Recent updates

Novanta Inc.'s (NASDAQ:NOVT) Business Is Yet to Catch Up With Its Share Price

Dec 21
Novanta Inc.'s (NASDAQ:NOVT) Business Is Yet to Catch Up With Its Share Price

Novanta (NASDAQ:NOVT) May Have Issues Allocating Its Capital

Oct 15
Novanta (NASDAQ:NOVT) May Have Issues Allocating Its Capital

What You Can Learn From Novanta Inc.'s (NASDAQ:NOVT) P/S

Sep 12
What You Can Learn From Novanta Inc.'s (NASDAQ:NOVT) P/S

Novanta Inc.: Overpriced In A Weak Demand Market. Here's Why It's A Hold

Sep 02

Is It Too Late To Consider Buying Novanta Inc. (NASDAQ:NOVT)?

Aug 24
Is It Too Late To Consider Buying Novanta Inc. (NASDAQ:NOVT)?

Novanta Inc.'s (NASDAQ:NOVT) Intrinsic Value Is Potentially 21% Below Its Share Price

Aug 02
Novanta Inc.'s (NASDAQ:NOVT) Intrinsic Value Is Potentially 21% Below Its Share Price

Novanta (NASDAQ:NOVT) Might Be Having Difficulty Using Its Capital Effectively

Jun 22
Novanta (NASDAQ:NOVT) Might Be Having Difficulty Using Its Capital Effectively

Does Novanta (NASDAQ:NOVT) Have A Healthy Balance Sheet?

May 30
Does Novanta (NASDAQ:NOVT) Have A Healthy Balance Sheet?

Investors Still Waiting For A Pull Back In Novanta Inc. (NASDAQ:NOVT)

May 08
Investors Still Waiting For A Pull Back In Novanta Inc. (NASDAQ:NOVT)

Novanta (NASDAQ:NOVT) Has Some Way To Go To Become A Multi-Bagger

Feb 24
Novanta (NASDAQ:NOVT) Has Some Way To Go To Become A Multi-Bagger

Does Novanta (NASDAQ:NOVT) Have A Healthy Balance Sheet?

Feb 05
Does Novanta (NASDAQ:NOVT) Have A Healthy Balance Sheet?

Getting In Cheap On Novanta Inc. (NASDAQ:NOVT) Is Unlikely

Dec 29
Getting In Cheap On Novanta Inc. (NASDAQ:NOVT) Is Unlikely

Novanta Non-GAAP EPS of $0.78 beats by $0.06, revenue of $215.34M beats by $6.27M, raises FY guidance

Aug 09

CEO Compensation Analysis

How has Matthijs Glastra's remuneration changed compared to Novanta's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 27 2024n/an/a

US$60m

Jun 28 2024n/an/a

US$62m

Mar 29 2024n/an/a

US$69m

Dec 31 2023US$8mUS$784k

US$73m

Sep 29 2023n/an/a

US$76m

Jun 30 2023n/an/a

US$77m

Mar 31 2023n/an/a

US$73m

Dec 31 2022US$7mUS$731k

US$74m

Sep 30 2022n/an/a

US$73m

Jul 01 2022n/an/a

US$64m

Apr 01 2022n/an/a

US$58m

Dec 31 2021US$12mUS$690k

US$50m

Oct 01 2021n/an/a

US$49m

Jul 02 2021n/an/a

US$44m

Apr 02 2021n/an/a

US$44m

Dec 31 2020US$5mUS$625k

US$45m

Oct 02 2020n/an/a

US$41m

Jul 03 2020n/an/a

US$42m

Apr 03 2020n/an/a

US$40m

Dec 31 2019US$4mUS$640k

US$41m

Sep 27 2019n/an/a

US$43m

Jun 28 2019n/an/a

US$56m

Mar 29 2019n/an/a

US$57m

Dec 31 2018US$4mUS$581k

US$51m

Sep 28 2018n/an/a

US$39m

Jun 29 2018n/an/a

US$18m

Mar 30 2018n/an/a

US$12m

Dec 31 2017US$4mUS$511k

US$40m

Compensation vs Market: Matthijs's total compensation ($USD8.26M) is about average for companies of similar size in the US market ($USD8.04M).

Compensation vs Earnings: Matthijs's compensation has been consistent with company performance over the past year.

CEO

Matthijs Glastra (55 yo)

8.3yrs

Tenure

US$8,262,118

Compensation

Mr. Matthijs Glastra has been the Chief Executive Officer and Director of Novanta Inc. since September 1, 2016 and serves as its Chairman of the Board since May 13, 2021 and served as its Executive Officer...

Leadership Team

NamePositionTenureCompensationOwnership
Matthijs Glastra
CEO & Chairman of the Board8.3yrsUS$8.26m0.34%
$ 19.0m
Robert Buckley
Chief Financial Officer13.8yrsUS$3.36m0.34%
$ 18.5m
Michele Michele Welsh
General Counsel & Corporate Secretary2.4yrsUS$1.35m0.0041%
$ 226.6k
John Burke
Chief Accounting Officer & Corporate Controllerless than a yearno data0.019%
$ 1.1m
Ray Nash
Corporate Finance Leader & IRno datano datano data
Sarah Betadam
Chief Information Officer & Chief Information Security Officer3.9yrsno datano data
Peter Chang
Advisorless than a yearno data0.046%
$ 2.5m
Chuck Ravetto
Group President of Automation Enabling Technologies Group2.7yrsno datano data
Anna Fain
Senior Vice President of Leadership Development and Diversity1.6yrsno datano data
Heinrich Dreyer
Group President of Medical Solutions6.7yrsno datano data

2.7yrs

Average Tenure

50yo

Average Age

Experienced Management: NOVT's management team is considered experienced (2.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Matthijs Glastra
CEO & Chairman of the Board8.3yrsUS$8.26m0.34%
$ 19.0m
Stephen Bershad
Chairman Emeritus3.6yrsUS$233.48kno data
Barbara Hulit
Independent Director2.4yrsUS$247.57k0.0026%
$ 142.8k
Mary Ladone
Directorless than a yearno datano data
Darlene J. Solomon
Independent Director2.5yrsUS$252.57k0.0028%
$ 153.3k
Lonny Carpenter
Independent Lead Director6.6yrsUS$292.56k0.0092%
$ 507.3k
Frank Wilson
Independent Director3.6yrsUS$277.62k0.0039%
$ 215.6k
Thomas Secor
Independent Director12.5yrsUS$257.57k0.00077%
$ 42.5k
Robert Johnson
Independent Directorless than a yearno data0%
$ 0
Maxine Mauricio
Independent Director4.6yrsUS$257.56k0.0056%
$ 307.7k

3.6yrs

Average Tenure

56yo

Average Age

Experienced Board: NOVT's board of directors are considered experienced (3.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 08:20
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/27
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Novanta Inc. is covered by 11 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert MasonBaird
Ishan MajumdarBaptista Research
Andrew BuscagliaBerenberg