NOVT Stock Overview
Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion components and sub-systems to original equipment manufacturers in the medical and industrial markets worldwide.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$160.23|
|52 Week High||US$184.44|
|52 Week Low||US$115.58|
|1 Month Change||-7.15%|
|3 Month Change||6.25%|
|1 Year Change||34.95%|
|3 Year Change||146.77%|
|5 Year Change||699.15%|
|Change since IPO||905.35%|
Recent News & Updates
Is Novanta (NASDAQ:NOVT) A Risky Investment?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Novanta (NASDAQ:NOVT) Has More To Do To Multiply In Value Going Forward
There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...
Is Now The Time To Put Novanta (NASDAQ:NOVT) On Your Watchlist?
It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
|NOVT||US Electronic||US Market|
Return vs Industry: NOVT exceeded the US Electronic industry which returned 22.2% over the past year.
Return vs Market: NOVT exceeded the US Market which returned 21.3% over the past year.
|NOVT Average Weekly Movement||4.7%|
|Electronic Industry Average Movement||6.9%|
|Market Average Movement||6.0%|
|10% most volatile stocks in US Market||15.0%|
|10% least volatile stocks in US Market||2.3%|
Stable Share Price: NOVT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: NOVT's weekly volatility (5%) has been stable over the past year.
About the Company
Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion components and sub-systems to original equipment manufacturers in the medical and industrial markets worldwide. Its Photonics segment offers photonics-based solutions, including laser scanning and beam delivery, CO2 laser, solid state laser, ultrafast laser, and optical light engine products for photonics-based applications, such as industrial processing, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures. The company’s Vision segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; wireless, recorder, and video integration technologies for operating room integrations; optical data collection and machine vision technologies; radio frequency identification technologies; thermal chart recorders; spectrometry technologies; and embedded touch screen solutions.
Novanta Fundamentals Summary
|NOVT fundamental statistics|
Is NOVT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NOVT income statement (TTM)|
|Cost of Revenue||US$372.13m|
Last Reported Earnings
Oct 01, 2021
Next Earnings Date
|Earnings per share (EPS)||1.38|
|Net Profit Margin||7.51%|
How did NOVT perform over the long term?See historical performance and comparison
Is Novanta undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NOVT ($160.23) is trading above our estimate of fair value ($103.73)
Significantly Below Fair Value: NOVT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NOVT is poor value based on its PE Ratio (115.9x) compared to the US Electronic industry average (17.4x).
PE vs Market: NOVT is poor value based on its PE Ratio (115.9x) compared to the US market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: NOVT is poor value based on its PEG Ratio (3.7x)
Price to Book Ratio
PB vs Industry: NOVT is overvalued based on its PB Ratio (11.4x) compared to the US Electronic industry average (2.5x).
How is Novanta forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NOVT's forecast earnings growth (31.7% per year) is above the savings rate (2%).
Earnings vs Market: NOVT's earnings (31.7% per year) are forecast to grow faster than the US market (14.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NOVT's revenue (13.8% per year) is forecast to grow faster than the US market (10.1% per year).
High Growth Revenue: NOVT's revenue (13.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if NOVT's Return on Equity is forecast to be high in 3 years time
How has Novanta performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NOVT has a large one-off loss of $18.2M impacting its October 1 2021 financial results.
Growing Profit Margin: NOVT's current net profit margins (7.5%) are higher than last year (6.8%).
Past Earnings Growth Analysis
Earnings Trend: NOVT's earnings have grown by 6.2% per year over the past 5 years.
Accelerating Growth: NOVT's earnings growth over the past year (19.8%) exceeds its 5-year average (6.2% per year).
Earnings vs Industry: NOVT earnings growth over the past year (19.8%) underperformed the Electronic industry 52.7%.
Return on Equity
High ROE: NOVT's Return on Equity (9.8%) is considered low.
How is Novanta's financial position?
Financial Position Analysis
Short Term Liabilities: NOVT's short term assets ($353.3M) exceed its short term liabilities ($188.0M).
Long Term Liabilities: NOVT's short term assets ($353.3M) do not cover its long term liabilities ($522.2M).
Debt to Equity History and Analysis
Debt Level: NOVT's net debt to equity ratio (68.9%) is considered high.
Reducing Debt: NOVT's debt to equity ratio has increased from 30.9% to 89.4% over the past 5 years.
Debt Coverage: NOVT's debt is well covered by operating cash flow (25.2%).
Interest Coverage: NOVT's interest payments on its debt are well covered by EBIT (13x coverage).
What is Novanta current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NOVT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NOVT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NOVT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NOVT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NOVT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Matthijs Glastra (52 yo)
Mr. Matthijs Glastra has been the Chief Executive Officer and Director of Novanta Inc. since September 1, 2016 and serves as its Chairman of the Board since May 13, 2021 and served as its Executive Officer...
CEO Compensation Analysis
Compensation vs Market: Matthijs's total compensation ($USD4.90M) is about average for companies of similar size in the US market ($USD6.24M).
Compensation vs Earnings: Matthijs's compensation has increased by more than 20% in the past year.
Experienced Management: NOVT's management team is considered experienced (4.3 years average tenure).
Experienced Board: NOVT's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Novanta Inc.'s employee growth, exchange listings and data sources
- Name: Novanta Inc.
- Ticker: NOVT
- Exchange: NasdaqGS
- Founded: 1968
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: US$5.704b
- Shares outstanding: 35.60m
- Website: https://www.novanta.com
Number of Employees
- Novanta Inc.
- 125 Middlesex Turnpike
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/11/28 23:19|
|End of Day Share Price||2021/11/26 00:00|
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.