NAS:NOVT (USA) Also trade in: Germany Mexico

Novanta Inc

$ 80.61 0 (0%)
Volume: 86,238 Avg Vol (1m): 164,328
Market Cap $: 2.82 Bil Enterprise Value $: 2.95 Bil
P/E (TTM): 50.39 P/B: 7.54
Earnings Power Value 13.08
Net Current Asset Value -2.44
Tangible Book 0.72
Projected FCF 27.96
Median P/S Value 23.41
Graham Number 5.08
Peter Lynch Value 35.63
DCF (FCF Based) 0
DCF (Earnings Based) 0
YTD (-%)

Financial Strength : 7/10

GuruFocus Financial Strength Rank measures how strong a company's financial situation is . It is based on these factors
1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
Current vs industry vs history
Cash-to-Debt 0.37
Cash-To-Debt ranked lower than
73.15% of 2317 companies
in the Scientific & Technical Instruments industry.
Industry Max: 395734.25, Med: 1.26, Min: -0.33
NOVT: 0.37
Ranked among companies with meaningful Cash-To-Debt only.
Cash-To-Debt range over the past 10 years
Min: 0.23, Med: 1.23, Max: 10000
Current: 0.37
0.23
10000
Equity-to-Asset 0.50
Equity-to-Asset ranked lower than
63.37% of 2282 companies
in the Scientific & Technical Instruments industry.
Industry Max: 0.99, Med: 0.55, Min: -23.03
NOVT: 0.5
Ranked among companies with meaningful Equity-to-Asset only.
Equity-to-Asset range over the past 10 years
Min: 0.2, Med: 0.62, Max: 0.86
Current: 0.5
0.2
0.86
Debt-to-Equity 0.53
Debt-to-Equity ranked lower than
74.28% of 1765 companies
in the Scientific & Technical Instruments industry.
Industry Max: 52, Med: 0.36, Min: 0.01
NOVT: 0.53
Ranked among companies with meaningful Debt-to-Equity only.
Debt-to-Equity range over the past 10 years
Min: 0.03, Med: 0.39, Max: 1.58
Current: 0.53
0.03
1.58
Debt-to-EBITDA 1.74
Debt-to-EBITDA ranked lower than
53.35% of 1627 companies
in the Scientific & Technical Instruments industry.
Industry Max: 8396.27, Med: 1.99, Min: 0.01
NOVT: 1.74
Ranked among companies with meaningful Debt-to-EBITDA only.
Debt-to-EBITDA range over the past 10 years
Min: 1.27, Med: 1.7, Max: 3.91
Current: 1.74
1.27
3.91
Interest Coverage 8.24
Interest Coverage ranked lower than
66.29% of 1836 companies
in the Scientific & Technical Instruments industry.
Industry Max: 42131692, Med: 18.76, Min: 0.09
NOVT: 8.24
Ranked among companies with meaningful Interest Coverage only.
Interest Coverage range over the past 10 years
Min: 1.98, Med: 7.18, Max: 9.09
Current: 8.24
1.98
9.09
Piotroski F-Score 6
0
1
2
3
4
5
6
7
8
9
Altman Z-Score 5.90
DISTRESS
GREY
SAFE
Beneish M-Score -2.40
Not Manipulator
Manipulator
WACC vs ROIC %
ROIC 13.91%
WACC 10.55%

Profitability & Growth : 8/10

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.
Current vs industry vs history
Operating Margin % 12.53
Operating Margin ranked higher than
83.70% of 2300 companies
in the Scientific & Technical Instruments industry.
Industry Max: 108500, Med: 4.64, Min: -409420
NOVT: 12.53
Ranked among companies with meaningful Operating Margin only.
Operating Margin range over the past 10 years
Min: -1.14, Med: 10.37, Max: 13.76
Current: 12.53
-1.14
13.76
Net Margin % 7.92
Net Margin ranked higher than
72.60% of 2299 companies
in the Scientific & Technical Instruments industry.
Industry Max: 90164.29, Med: 3.48, Min: -416260
NOVT: 7.92
Ranked among companies with meaningful Net Margin only.
Net Margin range over the past 10 years
Min: -28.04, Med: 6.86, Max: 11.52
Current: 7.92
-28.04
11.52
ROE % 14.72
ROE ranked lower than
51.05% of 2278 companies
in the Scientific & Technical Instruments industry.
Industry Max: 1227.84, Med: 6.72, Min: -5002.35
NOVT: 14.72
Ranked among companies with meaningful ROE only.
ROE range over the past 10 years
Min: -60.27, Med: 8.85, Max: 15.64
Current: 14.72
-60.27
15.64
ROA % 6.67
ROA ranked higher than
69.86% of 2329 companies
in the Scientific & Technical Instruments industry.
Industry Max: 456.48, Med: 3.43, Min: -9683.72
NOVT: 6.67
Ranked among companies with meaningful ROA only.
ROA range over the past 10 years
Min: -15.26, Med: 5.47, Max: 10.42
Current: 6.67
-15.26
10.42
ROC (Joel Greenblatt) % 46.50
ROC (Joel Greenblatt) ranked higher than
89.21% of 2326 companies
in the Scientific & Technical Instruments industry.
Industry Max: 422087.5, Med: 12.21, Min: -439759.26
NOVT: 46.5
Ranked among companies with meaningful ROC (Joel Greenblatt) only.
ROC (Joel Greenblatt) range over the past 10 years
Min: -35.81, Med: 26.82, Max: 50.17
Current: 46.5
-35.81
50.17
3-Year Total Revenue Growth Rate 18.00
3-Year Revenue Growth Rate ranked higher than
76.46% of 2196 companies
in the Scientific & Technical Instruments industry.
Industry Max: 790.1, Med: 2.8, Min: -100
NOVT: 17.3
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
3-Year Revenue Growth Rate range over the past 10 years
Min: -24.3, Med: -1.05, Max: 17.8
Current: 17.3
-24.3
17.8
3-Year Total EBITDA Growth Rate 27.30
3-Year EBITDA Growth Rate ranked higher than
78.35% of 1871 companies
in the Scientific & Technical Instruments industry.
Industry Max: 662.6, Med: 5.1, Min: -549.3
NOVT: 26.5
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
3-Year EBITDA Growth Rate range over the past 10 years
Min: 0, Med: -18.55, Max: 63.6
Current: 26.5
0
63.6
3-Year EPS w/o NRI Growth Rate 11.90
3-Year EPS w/o NRI Growth Rate ranked lower than
100.00% of 1725 companies
in the Scientific & Technical Instruments industry.
Industry Max: 852.9, Med: 6.6, Min: -393.2
NOVT: 11.9
Ranked among companies with meaningful 3-Year EPS w/o NRI Growth Rate only.
3-Year EPS w/o NRI Growth Rate range over the past 10 years
Min: 0, Med: 0, Max: 29.5
Current: 11.9
0
29.5

» NOVT's 30-Y Financials

Financials (Next Earnings Date: 2019-08-08)

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Business Description

Industry Computer Hardware » Scientific & Technical Instruments    NAICS : 335999    SIC : 3379
Compare TSE:6856 NAS:IIVI SZSE:002414 NAS:COHR NAS:ITRI TSE:6920 XAMS:TOM2 TPE:2360 LSE:SXS NYSE:ESE SZSE:300567 SZSE:300203 NYSE:BMI SZSE:300572 SZSE:300456 SHSE:601567 NYSE:FIT SZSE:002383 XSWX:IFCN TSE:7779
Traded in other countries 1GSN.Germany
Address 44 Chipman Hill, New Brunswick, Bedford, NB, CAN, E2L 4S6
Novanta Inc manufactures photonic and motion control components for original equipment manufacturers (OEM's) in the medical equipment and industrial technology markets. The firm operates in three segments: Laser Products, Vision Technologies, and Precision Motion. The Laser Products segment contributes the majority of revenue. It sells photonics-based solutions, including carbon dioxide laser sources, laser scanning, and laser beam delivery products. The Vision Technologies segment sells medical-grade technologies, including visualization solutions, imaging informatics products, and thermal printers. The Precision Motion segment sells optical encoders, motion control technology, and precision machined components. The firm generates the majority of its revenue outside of the United States.

Ratios

Current vs industry vs history
PE Ratio (TTM) 50.39
PE Ratio ranked lower than
92.17% of 1711 companies
in the Scientific & Technical Instruments industry.
Industry Max: 3250, Med: 16.75, Min: 0.02
NOVT: 50.39
Ranked among companies with meaningful PE Ratio only.
PE Ratio range over the past 10 years
Min: 11.37, Med: 28.91, Max: 79.59
Current: 50.39
11.37
79.59
PE Ratio without NRI 50.39
PE without NRI ranked lower than
92.13% of 1690 companies
in the Scientific & Technical Instruments industry.
Industry Max: 3250, Med: 16.78, Min: 0.09
NOVT: 50.39
Ranked among companies with meaningful PE without NRI only.
PE without NRI range over the past 10 years
Min: 11.39, Med: 28.32, Max: 486
Current: 50.39
11.39
486
Price-to-Owner-Earnings 52.16
Price-to-Owner-Earnings ranked lower than
70.61% of 1041 companies
in the Scientific & Technical Instruments industry.
Industry Max: 445473.98, Med: 22.3, Min: 0.21
NOVT: 52.16
Ranked among companies with meaningful Price-to-Owner-Earnings only.
Price-to-Owner-Earnings range over the past 10 years
Min: 8.46, Med: 21.84, Max: 251.38
Current: 52.16
8.46
251.38
PB Ratio 7.54
PB Ratio ranked lower than
94.93% of 2309 companies
in the Scientific & Technical Instruments industry.
Industry Max: 223290.54, Med: 1.47, Min: 0.02
NOVT: 7.54
Ranked among companies with meaningful PB Ratio only.
PB Ratio range over the past 10 years
Min: 1.12, Med: 1.97, Max: 8.3
Current: 7.54
1.12
8.3
PS Ratio 4.59
PS Ratio ranked lower than
87.70% of 2318 companies
in the Scientific & Technical Instruments industry.
Industry Max: 14063.96, Med: 0.98, Min: 0.01
NOVT: 4.59
Ranked among companies with meaningful PS Ratio only.
PS Ratio range over the past 10 years
Min: 0.33, Med: 1.33, Max: 5.05
Current: 4.59
0.33
5.05
Price-to-Free-Cash-Flow 47.24
Price-to-Free-Cash-Flow ranked lower than
67.53% of 930 companies
in the Scientific & Technical Instruments industry.
Industry Max: 522414.18, Med: 20.39, Min: 0.17
NOVT: 47.24
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
Price-to-Free-Cash-Flow range over the past 10 years
Min: 7.41, Med: 15.97, Max: 107.2
Current: 47.24
7.41
107.2
Price-to-Operating-Cash-Flow 38.27
Price-to-Operating-Cash-Flow ranked lower than
74.74% of 1350 companies
in the Scientific & Technical Instruments industry.
Industry Max: 197884.61, Med: 14.25, Min: 0.06
NOVT: 38.27
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
Price-to-Operating-Cash-Flow range over the past 10 years
Min: 6.58, Med: 13.02, Max: 54.47
Current: 38.27
6.58
54.47
EV-to-EBIT 37.67
EV-to-EBIT ranked lower than
83.79% of 1789 companies
in the Scientific & Technical Instruments industry.
Industry Max: 20815.39, Med: 12.83, Min: 0.03
NOVT: 37.67
Ranked among companies with meaningful EV-to-EBIT only.
EV-to-EBIT range over the past 10 years
Min: -89.4, Med: 18.2, Max: 50.5
Current: 37.67
-89.4
50.5
EV-to-EBITDA 25.58
EV-to-EBITDA ranked lower than
79.84% of 1910 companies
in the Scientific & Technical Instruments industry.
Industry Max: 20815.39, Med: 10.14, Min: 0.03
NOVT: 25.58
Ranked among companies with meaningful EV-to-EBITDA only.
EV-to-EBITDA range over the past 10 years
Min: 6.4, Med: 10.9, Max: 28.4
Current: 25.58
6.4
28.4
EV-to-Revenue 4.73
EV-to-Revenue ranked lower than
87.73% of 2307 companies
in the Scientific & Technical Instruments industry.
Industry Max: 25302, Med: 0.99, Min: 0.02
NOVT: 4.73
Ranked among companies with meaningful EV-to-Revenue only.
EV-to-Revenue range over the past 10 years
Min: 0.7, Med: 1.5, Max: 5.3
Current: 4.73
0.7
5.3
PEG Ratio 2.47
PEG Ratio ranked lower than
78.72% of 874 companies
in the Scientific & Technical Instruments industry.
Industry Max: 235.29, Med: 1.4, Min: 0.04
NOVT: 2.47
Ranked among companies with meaningful PEG Ratio only.
PEG Ratio range over the past 10 years
Min: 1.39, Med: 2.35, Max: 48.6
Current: 2.47
1.39
48.6
Shiller PE Ratio 342.88
Shiller PE Ratio ranked lower than
100.00% of 681 companies
in the Scientific & Technical Instruments industry.
Industry Max: 2315.72, Med: 22.91, Min: 0.13
NOVT: 342.88
Ranked among companies with meaningful Shiller PE Ratio only.
Shiller PE Ratio range over the past 10 years
Min: 340.38, Med: 607.76, Max: 1122.57
Current: 342.88
340.38
1122.57
Current Ratio 2.83
Current Ratio ranked higher than
73.09% of 2256 companies
in the Scientific & Technical Instruments industry.
Industry Max: 218.8, Med: 1.89, Min: 0.01
NOVT: 2.83
Ranked among companies with meaningful Current Ratio only.
Current Ratio range over the past 10 years
Min: 0.86, Med: 3.36, Max: 7.4
Current: 2.83
0.86
7.4
Quick Ratio 1.78
Quick Ratio ranked higher than
69.37% of 2256 companies
in the Scientific & Technical Instruments industry.
Industry Max: 218.8, Med: 1.39, Min: 0.01
NOVT: 1.78
Ranked among companies with meaningful Quick Ratio only.
Quick Ratio range over the past 10 years
Min: 0.6, Med: 2.31, Max: 5.93
Current: 1.78
0.6
5.93
Days Inventory 102.85
Days Inventory ranked lower than
65.98% of 2249 companies
in the Scientific & Technical Instruments industry.
Industry Max: 938.15, Med: 77.36, Min: 0.22
NOVT: 102.85
Ranked among companies with meaningful Days Inventory only.
Days Inventory range over the past 10 years
Min: 91.64, Med: 106.72, Max: 168.75
Current: 102.85
91.64
168.75
Days Sales Outstanding 52.27
Days Sales Outstanding ranked higher than
78.02% of 2261 companies
in the Scientific & Technical Instruments industry.
Industry Max: 886.46, Med: 79.6, Min: 0.01
NOVT: 52.27
Ranked among companies with meaningful Days Sales Outstanding only.
Days Sales Outstanding range over the past 10 years
Min: 46.6, Med: 56.49, Max: 70.36
Current: 52.27
46.6
70.36
Days Payable 51.41
Days Payable ranked lower than
64.08% of 2219 companies
in the Scientific & Technical Instruments industry.
Industry Max: 986.04, Med: 65.83, Min: -140.71
NOVT: 51.41
Ranked among companies with meaningful Days Payable only.
Days Payable range over the past 10 years
Min: 26.72, Med: 47.31, Max: 52.89
Current: 51.41
26.72
52.89

Dividend & Buy Back

Current vs industry vs history
3-Year Share Buyback Rate -1.10
3-Year Share Buyback Rate ranked higher than
68.47% of 1532 companies
in the Scientific & Technical Instruments industry.
Industry Max: 72.5, Med: -3, Min: -2936.6
NOVT: -1.1
Ranked among companies with meaningful 3-Year Share Buyback Rate only.
3-Year Share Buyback Rate range over the past 10 years
Min: -33.3, Med: -0.95, Max: -0.4
Current: -1.1
-33.3
-0.4

Valuation & Return

Current vs industry vs history
Price-to-Tangible-Book 111.96
Price-to-Tangible-Book ranked lower than
100.00% of 2285 companies
in the Scientific & Technical Instruments industry.
Industry Max: 366244.02, Med: 1.69, Min: 0.02
NOVT: 111.96
Ranked among companies with meaningful Price-to-Tangible-Book only.
Price-to-Tangible-Book range over the past 10 years
Min: 2.04, Med: 5.85, Max: 291.67
Current: 111.96
2.04
291.67
Price-to-Projected-FCF 2.88
Price-to-Intrinsic-Value-Projected-FCF ranked lower than
79.97% of 1353 companies
in the Scientific & Technical Instruments industry.
Industry Max: 139198.2, Med: 1.27, Min: 0.05
NOVT: 2.88
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
Price-to-Intrinsic-Value-Projected-FCF range over the past 10 years
Min: 0.99, Med: 1.36, Max: 3.03
Current: 2.88
0.99
3.03
Price-to-Median-PS-Value 3.44
Price-to-Median-PS-Value ranked lower than
95.93% of 2112 companies
in the Scientific & Technical Instruments industry.
Industry Max: 502.67, Med: 0.94, Min: 0.02
NOVT: 3.44
Ranked among companies with meaningful Price-to-Median-PS-Value only.
Price-to-Median-PS-Value range over the past 10 years
Min: 0.28, Med: 1.04, Max: 3.62
Current: 3.44
0.28
3.62
Price-to-Peter-Lynch-Fair-Value 2.26
Price-to-Peter-Lynch-Fair-Value ranked lower than
90.20% of 551 companies
in the Scientific & Technical Instruments industry.
Industry Max: 95, Med: 1.05, Min: 0
NOVT: 2.26
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
Price-to-Peter-Lynch-Fair-Value range over the past 10 years
Min: 1.44, Med: 2.38, Max: 42.43
Current: 2.26
1.44
42.43
Price-to-Graham-Number 15.87
Price-to-Graham-Number ranked lower than
100.00% of 1626 companies
in the Scientific & Technical Instruments industry.
Industry Max: 61.11, Med: 1.17, Min: 0.01
NOVT: 15.87
Ranked among companies with meaningful Price-to-Graham-Number only.
Price-to-Graham-Number range over the past 10 years
Min: 1.09, Med: 2.7, Max: 23.86
Current: 15.87
1.09
23.86
Earnings Yield (Joel Greenblatt) % 2.67
Earnings Yield (Greenblatt) ranked lower than
62.76% of 2382 companies
in the Scientific & Technical Instruments industry.
Industry Max: 3214.8, Med: 5.45, Min: -833.33
NOVT: 2.67
Ranked among companies with meaningful Earnings Yield (Greenblatt) only.
Earnings Yield (Greenblatt) range over the past 10 years
Min: -1.4, Med: 5.3, Max: 11.3
Current: 2.67
-1.4
11.3
Forward Rate of Return (Yacktman) % 21.57
Forward Rate of Return ranked higher than
89.29% of 1382 companies
in the Scientific & Technical Instruments industry.
Industry Max: 11086.85, Med: 7.08, Min: -3149.58
NOVT: 21.57
Ranked among companies with meaningful Forward Rate of Return only.
Forward Rate of Return range over the past 10 years
Min: -63.5, Med: 7.8, Max: 25.7
Current: 21.57
-63.5
25.7

More Statistics

Revenue (TTM) (Mil) $ 624.56
EPS (TTM) $ 1.6
Beta 1.53
Volatility % 38.72
52-Week Range $ 55.68 - 89.78
Shares Outstanding (Mil) 33.48

Analyst Estimate

Piotroski F-Score Details

Piotroski F-Score 6
Positive ROA Y
Positive CFROA Y
Higher ROA yoy Y
CFROA > ROA Y
Lower Leverage yoy Y
Higher Current Ratio yoy N
Less Shares Outstanding yoy N
Higher Gross Margin yoy Y
Higher Asset Turnover yoy N