Novanta Inc. Logo

Novanta Inc.

NOVT

(2.0)
Stock Price

174,23 USD

13.37% ROA

11.47% ROE

75.4x PER

Market Cap.

5.695.106.964,00 USD

62.66% DER

0% Yield

8.27% NPM

Novanta Inc. Stock Analysis

Novanta Inc. Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Novanta Inc. Fundamental Stock Analysis
# Analysis Rating
1 ROA

The stock's ability to make a lot of money from its assets shows that it is very profitable, making it a good choice for people who want to invest and make a lot of money.

2 Net Profit Growth

The net profit of this company has steadily increased over the last five years, showcasing a favorable financial performance and making it an enticing option for investors seeking growth potential.

3 ROE

The stock's ROE falls within an average range (13.12%), demonstrating satisfactory profitability and efficiency in utilizing shareholders' equity.

4 DER

The stock maintains a fair debt to equity ratio (74%), indicating a reasonable balance between the money it owes and the ownership it possesses.

5 Revenue Growth

With a track record of continuous revenue growth in the last three years, this company offers a promising investment opportunity

6 Buffet Intrinsic Value

The company's stock shows potential as it is undervalued (1.969) according to Warren Buffett's formula, indicating that its intrinsic value exceeds the market price.

7 PBV

The stock's high Price-to-Book Value (P/BV) ratio (8.1x) suggests it's overvalued, potentially making it an expensive investment.

8 Assets Growth

Company's revenue has stayed stagnant, showing no signs of improvement and making it a less favorable choice.

9 Graham Number

The Graham number analysis indicates that this company's stock price is likely overpriced, raising concerns about its investment potential.

10 Dividend Growth

The company's dividend growth has been flat for the past three years, raising concerns for potential investors seeking reliable returns.

11 Dividend

The company's lack of dividends in the past three years may concern investors seeking regular income.

Novanta Inc. Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Novanta Inc. Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Buy
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

Novanta Inc. Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Novanta Inc. Revenue
Year Revenue Growth
1998 144.200.000
1999 274.600.000 47.49%
2000 373.864.000 26.55%
2001 247.904.000 -50.81%
2002 159.070.000 -55.85%
2003 185.561.000 14.28%
2004 330.012.000 43.77%
2005 260.784.000 -26.55%
2006 313.609.000 16.84%
2007 317.800.000 1.32%
2008 288.468.000 -10.17%
2009 228.050.000 -26.49%
2010 383.516.000 40.54%
2011 366.280.000 -4.71%
2012 271.498.000 -34.91%
2013 341.612.000 20.52%
2014 364.706.000 6.33%
2015 373.598.000 2.38%
2016 384.758.000 2.9%
2017 521.290.000 26.19%
2018 614.337.000 15.15%
2019 626.099.000 1.88%
2020 590.623.000 -6.01%
2021 706.793.000 16.44%
2022 860.903.000 17.9%
2023 886.012.000 2.83%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Novanta Inc. Research and Development Expenses
Year Research and Development Expenses Growth
1998 13.000.000
1999 28.700.000 54.7%
2000 33.931.000 15.42%
2001 25.634.000 -32.37%
2002 20.444.000 -25.39%
2003 13.895.000 -47.13%
2004 23.975.000 42.04%
2005 25.671.000 6.61%
2006 30.639.000 16.21%
2007 30.489.000 -0.49%
2008 45.591.000 33.12%
2009 27.070.000 -68.42%
2010 29.857.000 9.33%
2011 31.966.000 6.6%
2012 22.393.000 -42.75%
2013 26.352.000 15.02%
2014 28.954.000 8.99%
2015 31.043.000 6.73%
2016 32.002.000 3%
2017 41.673.000 23.21%
2018 51.024.000 18.33%
2019 55.965.000 8.83%
2020 60.996.000 8.25%
2021 72.522.000 15.89%
2022 85.770.000 15.45%
2023 88.088.000 2.63%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Novanta Inc. General and Administrative Expenses
Year General and Administrative Expenses Growth
1998 0
1999 0 0%
2000 0 0%
2001 0 0%
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 28.525.000 100%
2010 727.000 -3823.66%
2011 296.000 -145.61%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Novanta Inc. EBITDA
Year EBITDA Growth
1998 -2.700.000
1999 49.300.000 105.48%
2000 -46.929.000 205.05%
2001 791.000 6032.87%
2002 -14.069.000 105.62%
2003 13.086.000 207.51%
2004 61.863.000 78.85%
2005 24.954.000 -147.91%
2006 44.235.000 43.59%
2007 51.505.000 14.12%
2008 2.625.000 -1862.1%
2009 -29.362.000 108.94%
2010 46.085.000 163.71%
2011 61.602.000 25.19%
2012 47.634.000 -29.32%
2013 52.480.000 9.23%
2014 92.464.000 43.24%
2015 44.949.000 -105.71%
2016 66.493.000 32.4%
2017 77.075.000 13.73%
2018 124.000.000 37.84%
2019 127.490.000 2.74%
2020 102.743.000 -24.09%
2021 143.615.000 28.46%
2022 164.938.000 12.93%
2023 204.152.000 19.21%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Novanta Inc. Gross Profit
Year Gross Profit Growth
1998 47.600.000
1999 106.900.000 55.47%
2000 134.419.000 20.47%
2001 80.641.000 -66.69%
2002 49.194.000 -63.92%
2003 68.477.000 28.16%
2004 133.439.000 48.68%
2005 103.870.000 -28.47%
2006 130.161.000 20.2%
2007 126.720.000 -2.72%
2008 97.618.000 -29.81%
2009 87.216.000 -11.93%
2010 166.401.000 47.59%
2011 160.380.000 -3.75%
2012 114.476.000 -40.1%
2013 139.449.000 17.91%
2014 150.167.000 7.14%
2015 157.890.000 4.89%
2016 162.452.000 2.81%
2017 220.531.000 26.34%
2018 261.528.000 15.68%
2019 262.085.000 0.21%
2020 244.517.000 -7.18%
2021 300.328.000 18.58%
2022 378.472.000 20.65%
2023 406.364.000 6.86%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Novanta Inc. Net Profit
Year Net Profit Growth
1998 -8.000.000
1999 -34.800.000 77.01%
2000 45.377.000 176.69%
2001 -14.698.000 408.73%
2002 -27.724.000 46.98%
2003 -2.170.000 -1177.6%
2004 41.471.000 105.23%
2005 9.657.000 -329.44%
2006 21.743.000 55.59%
2007 19.044.000 -14.17%
2008 -203.847.000 109.34%
2009 -62.408.000 -226.64%
2010 -687.000 -8984.13%
2011 28.973.000 102.37%
2012 19.538.000 -48.29%
2013 7.309.000 -167.31%
2014 -24.252.000 130.14%
2015 35.615.000 168.09%
2016 22.003.000 -61.86%
2017 60.051.000 63.36%
2018 49.109.000 -22.28%
2019 40.773.000 -20.44%
2020 44.521.000 8.42%
2021 50.331.000 11.54%
2022 74.051.000 32.03%
2023 84.892.000 12.77%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Novanta Inc. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
1998 -1
1999 -3 66.67%
2000 4 200%
2001 -1 400%
2002 -2 50%
2003 0 0%
2004 3 100%
2005 1 0%
2006 2 100%
2007 1 0%
2008 -14 107.14%
2009 -4 -366.67%
2010 0 0%
2011 1 0%
2012 1 0%
2013 0 0%
2014 -1 0%
2015 1 100%
2016 1 0%
2017 1 100%
2018 1 0%
2019 1 0%
2020 1 0%
2021 1 0%
2022 2 50%
2023 2 0%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Novanta Inc. Free Cashflow
Year Free Cashflow Growth
1998 -22.100.000
1999 -18.300.000 -20.77%
2000 -20.362.000 10.13%
2001 -26.117.000 22.04%
2002 8.765.000 397.97%
2003 203.000 -4217.73%
2004 32.987.000 99.38%
2005 1.313.000 -2412.34%
2006 26.694.000 95.08%
2007 32.662.000 18.27%
2008 -347.760.000 109.39%
2009 -27.107.000 -1182.92%
2010 -7.397.000 -266.46%
2011 40.956.000 118.06%
2012 24.122.000 -69.79%
2013 44.212.000 45.44%
2014 36.874.000 -19.9%
2015 27.864.000 -32.34%
2016 35.346.000 21.17%
2017 54.284.000 34.89%
2018 74.989.000 27.61%
2019 52.505.000 -42.82%
2020 129.715.000 59.52%
2021 74.649.000 -73.77%
2022 71.136.000 -4.94%
2023 37.846.000 -87.96%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Novanta Inc. Operating Cashflow
Year Operating Cashflow Growth
1998 -7.000.000
1999 -4.400.000 -59.09%
2000 -10.220.000 56.95%
2001 -17.478.000 41.53%
2002 11.717.000 249.17%
2003 21.827.000 46.32%
2004 35.397.000 38.34%
2005 4.864.000 -627.73%
2006 35.256.000 86.2%
2007 37.488.000 5.95%
2008 38.902.000 3.63%
2009 -25.786.000 250.86%
2010 -4.738.000 -444.24%
2011 45.173.000 110.49%
2012 28.430.000 -58.89%
2013 49.200.000 42.22%
2014 42.289.000 -16.34%
2015 33.416.000 -26.55%
2016 47.788.000 30.07%
2017 63.378.000 24.6%
2018 89.647.000 29.3%
2019 63.248.000 -41.74%
2020 140.239.000 54.9%
2021 94.625.000 -48.21%
2022 90.779.000 -4.24%
2023 44.641.000 -103.35%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Novanta Inc. Capital Expenditure
Year Capital Expenditure Growth
1998 15.100.000
1999 13.900.000 -8.63%
2000 10.142.000 -37.05%
2001 8.639.000 -17.4%
2002 2.952.000 -192.65%
2003 21.624.000 86.35%
2004 2.410.000 -797.26%
2005 3.551.000 32.13%
2006 8.562.000 58.53%
2007 4.826.000 -77.41%
2008 386.662.000 98.75%
2009 1.321.000 -29170.4%
2010 2.659.000 50.32%
2011 4.217.000 36.95%
2012 4.308.000 2.11%
2013 4.988.000 13.63%
2014 5.415.000 7.89%
2015 5.552.000 2.47%
2016 12.442.000 55.38%
2017 9.094.000 -36.82%
2018 14.658.000 37.96%
2019 10.743.000 -36.44%
2020 10.524.000 -2.08%
2021 19.976.000 47.32%
2022 19.643.000 -1.7%
2023 6.795.000 -189.08%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Novanta Inc. Equity
Year Equity Growth
1998 120.900.000
1999 171.700.000 29.59%
2000 289.267.000 40.64%
2001 282.330.000 -2.46%
2002 254.481.000 -10.94%
2003 260.788.000 2.42%
2004 305.563.000 14.65%
2005 306.556.000 0.32%
2006 343.073.000 10.64%
2007 374.117.000 8.3%
2008 152.677.000 -145.04%
2009 81.117.000 -88.22%
2010 178.349.000 54.52%
2011 209.003.000 14.67%
2012 227.809.000 8.26%
2013 241.984.000 5.86%
2014 210.825.000 -14.78%
2015 244.701.000 13.84%
2016 258.870.000 5.47%
2017 311.545.000 16.91%
2018 368.255.000 15.4%
2019 417.172.000 11.73%
2020 476.809.000 12.51%
2021 521.291.000 8.53%
2022 577.586.000 9.75%
2023 644.856.000 10.43%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Novanta Inc. Assets
Year Assets Growth
1998 152.500.000
1999 289.700.000 47.36%
2000 431.184.000 32.81%
2001 336.687.000 -28.07%
2002 297.088.000 -13.33%
2003 308.596.000 3.73%
2004 386.164.000 20.09%
2005 373.444.000 -3.41%
2006 411.405.000 9.23%
2007 440.210.000 6.54%
2008 520.317.000 15.4%
2009 386.668.000 -34.56%
2010 367.167.000 -5.31%
2011 348.503.000 -5.36%
2012 337.460.000 -3.27%
2013 378.807.000 10.92%
2014 397.620.000 4.73%
2015 416.045.000 4.43%
2016 425.637.000 2.25%
2017 726.703.000 41.43%
2018 719.576.000 -0.99%
2019 869.736.000 17.27%
2020 865.179.000 -0.53%
2021 1.227.883.000 29.54%
2022 1.241.212.000 1.07%
2023 1.194.277.000 -3.93%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Novanta Inc. Liabilities
Year Liabilities Growth
1998 31.600.000
1999 118.000.000 73.22%
2000 141.917.000 16.85%
2001 54.357.000 -161.08%
2002 42.607.000 -27.58%
2003 47.808.000 10.88%
2004 80.601.000 40.69%
2005 66.888.000 -20.5%
2006 68.332.000 2.11%
2007 66.093.000 -3.39%
2008 367.420.000 82.01%
2009 305.551.000 -20.25%
2010 188.489.000 -62.11%
2011 139.143.000 -35.46%
2012 109.254.000 -27.36%
2013 136.404.000 19.9%
2014 186.366.000 26.81%
2015 171.344.000 -8.77%
2016 166.767.000 -2.74%
2017 415.158.000 59.83%
2018 351.321.000 -18.17%
2019 452.564.000 22.37%
2020 388.370.000 -16.53%
2021 706.592.000 45.04%
2022 663.626.000 -6.47%
2023 549.421.000 -20.79%

Novanta Inc. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
24.78
Net Income per Share
2.11
Price to Earning Ratio
75.4x
Price To Sales Ratio
6.41x
POCF Ratio
46.86
PFCF Ratio
54.92
Price to Book Ratio
8.84
EV to Sales
6.78
EV Over EBITDA
32.5
EV to Operating CashFlow
49.49
EV to FreeCashFlow
58.09
Earnings Yield
0.01
FreeCashFlow Yield
0.02
Market Cap
5,70 Bil.
Enterprise Value
6,02 Bil.
Graham Number
29.21
Graham NetNet
-7.96

Income Statement Metrics

Net Income per Share
2.11
Income Quality
1.61
ROE
0.12
Return On Assets
0.06
Return On Capital Employed
0.11
Net Income per EBT
0.87
EBT Per Ebit
0.73
Ebit per Revenue
0.13
Effective Tax Rate
0.13

Margins

Sales, General, & Administrative to Revenue
0
Research & Developement to Revenue
0.1
Stock Based Compensation to Revenue
0.03
Gross Profit Margin
0.45
Operating Profit Margin
0.13
Pretax Profit Margin
0.09
Net Profit Margin
0.08

Dividends

Dividend Yield
0
Dividend Yield %
0
Payout Ratio
0
Dividend Per Share
0

Operating Metrics

Operating Cashflow per Share
3.39
Free CashFlow per Share
2.89
Capex to Operating CashFlow
-0.15
Capex to Revenue
-0.02
Capex to Depreciation
-0.38
Return on Invested Capital
0.09
Return on Tangible Assets
0.13
Days Sales Outstanding
60.96
Days Payables Outstanding
47.6
Days of Inventory on Hand
114.44
Receivables Turnover
5.99
Payables Turnover
7.67
Inventory Turnover
3.19
Capex per Share
-0.5

Balance Sheet

Cash per Share
2,12
Book Value per Share
17,98
Tangible Book Value per Share
0.45
Shareholders Equity per Share
17.98
Interest Debt per Share
10.56
Debt to Equity
0.63
Debt to Assets
0.34
Net Debt to EBITDA
1.77
Current Ratio
2.83
Tangible Asset Value
0,02 Bil.
Net Current Asset Value
-0,16 Bil.
Invested Capital
0.63
Working Capital
0,25 Bil.
Intangibles to Total Assets
0.53
Average Receivables
0,15 Bil.
Average Payables
0,06 Bil.
Average Inventory
158356500
Debt to Market Cap
0.07

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Novanta Inc. Dividends
Year Dividends Growth

Novanta Inc. Profile

About Novanta Inc.

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. The company's Photonics segment offers photonics-based solutions, including laser scanning and beam delivery, CO2 laser, solid state laser, ultrafast laser, and optical light engine products serving photonics-based applications for industrial processing, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures. It's Vision segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; wireless technologies, video recorders, 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. In addition, its Precision Motion segment offers optical and inductive encoders, precision motors, servo drives and motion control solutions, integrated stepper motors, intelligent robotic end-of-arm technology solutions, air bearings, and air bearing spindles. The company sells its products through its direct sales force, resellers, distributors, and system integrators under the Cambridge Technology, Synrad, Laser Quantum, ARGES, WOM, NDS, NDSsi, Med X Change, Reach Technology, JADAK, ThingMagic, Photo Research, Celera Motion, MicroE, Zettlex, Applimotion, Ingenia, and Westwind brands. The company was formerly known as GSI Group, Inc. and changed its name to Novanta Inc. in May 2016. Novanta Inc. was founded in 1968 and is headquartered in Bedford, Massachusetts.

CEO
Mr. Matthijs Glastra
Employee
2.900
Address
125 Middlesex Turnpike
Bedford, 01730

Novanta Inc. Executives & BODs

Novanta Inc. Executives & BODs
# Name Age
1 Mr. Peter L. Chang
Corporate Controller & Chief Accounting Officer
70
2 Mr. Heinrich Dreyer
Group President of Medical Solutions
70
3 Mr. Brian S. Young
Chief Human Resources Officer
70
4 Mr. Matthijs Glastra
Chief Executive Officer & Chairman of the Board
70
5 Ms. Anna Fain
Senior Vice President of Leadership Development and Diversity, Equity & Inclusion
70
6 Ms. Michele Davis Michele Welsh
General Counsel & Corporate Secretary
70
7 Mr. Chuck Ravetto
Group President of Automation Enabling Technologies Group
70
8 Mr. Robert J. Buckley
Chief Financial Officer
70
9 Ms. Sarah Betadam
Chief Information Officer & Chief Information Security Officer
70
10 Mr. Charlie Webster
Executive Vice President of Novanta Growth System & Global Supply Chain
70

Novanta Inc. Competitors