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Also traded in: Germany

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.

Financial Strength : 6/10

vs
industry
vs
history
Cash-to-Debt 0.45
NOVT's Cash-to-Debt is ranked lower than
73% of the 2224 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.32 vs. NOVT: 0.45 )
Ranked among companies with meaningful Cash-to-Debt only.
NOVT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.23  Med: 1.35 Max: No Debt
Current: 0.45
0.23
No Debt
Equity-to-Asset 0.44
NOVT's Equity-to-Asset is ranked lower than
69% of the 2191 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.57 vs. NOVT: 0.44 )
Ranked among companies with meaningful Equity-to-Asset only.
NOVT' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.2  Med: 0.62 Max: 0.86
Current: 0.44
0.2
0.86
Debt-to-Equity 0.73
NOVT's Debt-to-Equity is ranked lower than
75% of the 1763 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.35 vs. NOVT: 0.73 )
Ranked among companies with meaningful Debt-to-Equity only.
NOVT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03  Med: 0.38 Max: 1.58
Current: 0.73
0.03
1.58
Debt-to-EBITDA 2.19
NOVT's Debt-to-EBITDA is ranked lower than
51% of the 1565 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.11 vs. NOVT: 2.19 )
Ranked among companies with meaningful Debt-to-EBITDA only.
NOVT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.83  Med: 1.61 Max: 3.91
Current: 2.19
-0.83
3.91
Interest Coverage 4.32
NOVT's Interest Coverage is ranked lower than
84% of the 1785 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 51.60 vs. NOVT: 4.32 )
Ranked among companies with meaningful Interest Coverage only.
NOVT' s Interest Coverage Range Over the Past 10 Years
Min: 1.98  Med: 7.17 Max: 9.04
Current: 4.32
1.98
9.04
Piotroski F-Score: 5
Altman Z-Score: 4.43
Beneish M-Score: -2.83
WACC vs ROIC
11.70%
12.48%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating Margin % 12.41
NOVT's Operating Margin % is ranked higher than
81% of the 2202 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 4.79 vs. NOVT: 12.41 )
Ranked among companies with meaningful Operating Margin % only.
NOVT' s Operating Margin % Range Over the Past 10 Years
Min: -6.79  Med: 10.03 Max: 13.76
Current: 12.41
-6.79
13.76
Net Margin % 6.66
NOVT's Net Margin % is ranked higher than
67% of the 2203 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.56 vs. NOVT: 6.66 )
Ranked among companies with meaningful Net Margin % only.
NOVT' s Net Margin % Range Over the Past 10 Years
Min: -70.67  Med: 4.02 Max: 11.52
Current: 6.66
-70.67
11.52
ROE % 4.45
NOVT's ROE % is ranked lower than
60% of the 2185 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 6.76 vs. NOVT: 4.45 )
Ranked among companies with meaningful ROE % only.
NOVT' s ROE % Range Over the Past 10 Years
Min: -81.81  Med: 5.93 Max: 15.64
Current: 4.45
-81.81
15.64
ROA % 5.66
NOVT's ROA % is ranked higher than
66% of the 2229 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.57 vs. NOVT: 5.66 )
Ranked among companies with meaningful ROA % only.
NOVT' s ROA % Range Over the Past 10 Years
Min: -39.66  Med: 3.64 Max: 10.42
Current: 5.66
-39.66
10.42
ROC (Joel Greenblatt) % 48.07
NOVT's ROC (Joel Greenblatt) % is ranked higher than
90% of the 2226 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 12.27 vs. NOVT: 48.07 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
NOVT' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -206.61  Med: 22.59 Max: 49.06
Current: 48.07
-206.61
49.06
3-Year Revenue Growth Rate 11.60
NOVT's 3-Year Revenue Growth Rate is ranked higher than
77% of the 2092 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.70 vs. NOVT: 11.60 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
NOVT' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -24.3  Med: -4.5 Max: 17.8
Current: 11.6
-24.3
17.8
3-Year EBITDA Growth Rate 22.70
NOVT's 3-Year EBITDA Growth Rate is ranked higher than
77% of the 1785 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 6.00 vs. NOVT: 22.70 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
NOVT' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: -21.7 Max: 63.6
Current: 22.7
0
63.6
GuruFocus has detected 1 Warning Sign with Novanta Inc NOVT.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» NOVT's 30-Y Financials

Financials (Next Earnings Date: 2018-11-01 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q3 2017

NOVT Guru Trades in Q3 2017

Caxton Associates 6,500 sh (New)
Ron Baron 185,900 sh (+14.75%)
Jim Simons 1,002,600 sh (+12.61%)
NWQ Managers 796,671 sh (-33.69%)
Chuck Royce 258,489 sh (-42.69%)
» More
Q4 2017

NOVT Guru Trades in Q4 2017

Jim Simons 1,117,700 sh (+11.48%)
Caxton Associates Sold Out
Ron Baron 160,900 sh (-13.45%)
NWQ Managers 563,721 sh (-29.24%)
Chuck Royce 127,942 sh (-50.50%)
» More
Q1 2018

NOVT Guru Trades in Q1 2018

Mariko Gordon 882,682 sh (New)
Joel Greenblatt 5,584 sh (New)
Jim Simons 1,095,507 sh (-1.99%)
Chuck Royce 125,342 sh (-2.03%)
Ron Baron 138,900 sh (-13.67%)
NWQ Managers 156,027 sh (-72.32%)
» More
Q2 2018

NOVT Guru Trades in Q2 2018

Joel Greenblatt 14,708 sh (+163.40%)
NWQ Managers Sold Out
Mariko Gordon 856,053 sh (-3.02%)
Ron Baron 128,900 sh (-7.20%)
Chuck Royce 110,442 sh (-11.89%)
Jim Simons 846,900 sh (-22.69%)
» More
» Details

Insider Trades

Latest Guru Trades with NOVT

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Mariko Gordon 2018-06-30 Reduce -3.02%0.09%$51 - $67.6 $ 64.115%856,053
Ron Baron 2018-06-30 Reduce -7.20%$51 - $67.6 $ 64.115%128,900
Joel Greenblatt 2018-06-30 Add 163.40%0.01%$51 - $67.6 $ 64.115%14,708
NWQ Managers 2018-06-30 Sold Out 0.13%$51 - $67.6 $ 64.115%0
Mariko Gordon 2018-03-31 New Buy2.87%$48.7 - $59.8 $ 64.1117%882,682
NWQ Managers 2018-03-31 Reduce -72.32%0.3%$48.7 - $59.8 $ 64.1117%156,027
Ron Baron 2018-03-31 Reduce -13.67%0.01%$48.7 - $59.8 $ 64.1117%138,900
Joel Greenblatt 2018-03-31 New Buy$48.7 - $59.8 $ 64.1117%5,584
NWQ Managers 2017-12-31 Reduce -29.24%0.15%$43.7 - $54.75 $ 64.1132%563,721
Ron Baron 2017-12-31 Reduce -13.45%0.01%$43.7 - $54.75 $ 64.1132%160,900
Premium More recent guru trades are included for Premium Members only!!
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Business Description

Industry: Computer Hardware » Scientific & Technical Instruments    NAICS: 335999    SIC: 3379
Compare:SZSE:300203, SHSE:601567, TPE:2360, SZSE:300567, XAMS:TOM2, NAS:IIVI, SZSE:002383, TSE:6920, NAS:ITRI, NYSE:ESE, XSWX:IFCN, SZSE:300036, HKSE:00439, TSE:7779, TSE:7717, NYSE:FIT, NAS:ORBK, NYSE:BMI, SZSE:300456, SZSE:300627 » details
Traded in other countries:1GSN.Germany,
Headquarter Location:USA
Novanta Inc,designs, develops, manufactures and sells precision photonic and motion control components and subsystems to original equipment manufacturers in the medical, industrial, electronics and scientific markets.

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

vs
industry
vs
history
PE Ratio 90.30
NOVT's PE Ratio is ranked lower than
93% of the 1649 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 19.39 vs. NOVT: 90.30 )
Ranked among companies with meaningful PE Ratio only.
NOVT' s PE Ratio Range Over the Past 10 Years
Min: 11.37  Med: 27.39 Max: 116.12
Current: 90.3
11.37
116.12
PE Ratio without NRI 90.30
NOVT's PE Ratio without NRI is ranked lower than
93% of the 1647 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 19.58 vs. NOVT: 90.30 )
Ranked among companies with meaningful PE Ratio without NRI only.
NOVT' s PE Ratio without NRI Range Over the Past 10 Years
Min: 9.31  Med: 26.99 Max: 486
Current: 90.3
9.31
486
Price-to-Owner-Earnings 44.40
NOVT's Price-to-Owner-Earnings is ranked lower than
74% of the 1053 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 24.44 vs. NOVT: 44.40 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
NOVT' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 8.46  Med: 20.9 Max: 251.38
Current: 44.4
8.46
251.38
PB Ratio 6.85
NOVT's PB Ratio is ranked lower than
94% of the 2171 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.67 vs. NOVT: 6.85 )
Ranked among companies with meaningful PB Ratio only.
NOVT' s PB Ratio Range Over the Past 10 Years
Min: 1.12  Med: 1.92 Max: 8.25
Current: 6.85
1.12
8.25
PS Ratio 3.83
NOVT's PS Ratio is ranked lower than
85% of the 2179 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.11 vs. NOVT: 3.83 )
Ranked among companies with meaningful PS Ratio only.
NOVT' s PS Ratio Range Over the Past 10 Years
Min: 0.33  Med: 1.31 Max: 4.61
Current: 3.83
0.33
4.61
Price-to-Free-Cash-Flow 37.14
NOVT's Price-to-Free-Cash-Flow is ranked lower than
69% of the 874 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 24.05 vs. NOVT: 37.14 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
NOVT' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 7.41  Med: 15.14 Max: 107.2
Current: 37.14
7.41
107.2
Price-to-Operating-Cash-Flow 30.51
NOVT's Price-to-Operating-Cash-Flow is ranked lower than
75% of the 1248 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 16.39 vs. NOVT: 30.51 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
NOVT' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 6.58  Med: 12.65 Max: 54.47
Current: 30.51
6.58
54.47
EV-to-EBIT 32.08
NOVT's EV-to-EBIT is ranked lower than
81% of the 1694 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 15.04 vs. NOVT: 32.08 )
Ranked among companies with meaningful EV-to-EBIT only.
NOVT' s EV-to-EBIT Range Over the Past 10 Years
Min: -89.4  Med: 17.5 Max: 50.5
Current: 32.08
-89.4
50.5
EV-to-EBITDA 21.64
NOVT's EV-to-EBITDA is ranked lower than
75% of the 1802 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 11.60 vs. NOVT: 21.64 )
Ranked among companies with meaningful EV-to-EBITDA only.
NOVT' s EV-to-EBITDA Range Over the Past 10 Years
Min: 6.4  Med: 10.6 Max: 26.4
Current: 21.64
6.4
26.4
EV-to-Revenue 3.98
NOVT's EV-to-Revenue is ranked lower than
85% of the 2165 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.11 vs. NOVT: 3.98 )
Ranked among companies with meaningful EV-to-Revenue only.
NOVT' s EV-to-Revenue Range Over the Past 10 Years
Min: 0.7  Med: 1.5 Max: 4.9
Current: 3.98
0.7
4.9
PEG Ratio 5.31
NOVT's PEG Ratio is ranked lower than
84% of the 855 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.58 vs. NOVT: 5.31 )
Ranked among companies with meaningful PEG Ratio only.
NOVT' s PEG Ratio Range Over the Past 10 Years
Min: 1.4  Med: 3.67 Max: 48.6
Current: 5.31
1.4
48.6
Current Ratio 3.18
NOVT's Current Ratio is ranked higher than
77% of the 2194 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.94 vs. NOVT: 3.18 )
Ranked among companies with meaningful Current Ratio only.
NOVT' s Current Ratio Range Over the Past 10 Years
Min: 0.86  Med: 3.39 Max: 7.4
Current: 3.18
0.86
7.4
Quick Ratio 2.14
NOVT's Quick Ratio is ranked higher than
70% of the 2193 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.43 vs. NOVT: 2.14 )
Ranked among companies with meaningful Quick Ratio only.
NOVT' s Quick Ratio Range Over the Past 10 Years
Min: 0.6  Med: 2.41 Max: 5.93
Current: 2.14
0.6
5.93
Days Inventory 96.44
NOVT's Days Inventory is ranked lower than
66% of the 2155 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 74.09 vs. NOVT: 96.44 )
Ranked among companies with meaningful Days Inventory only.
NOVT' s Days Inventory Range Over the Past 10 Years
Min: 91.64  Med: 117.93 Max: 168.75
Current: 96.44
91.64
168.75
Days Sales Outstanding 47.43
NOVT's Days Sales Outstanding is ranked higher than
82% of the 2172 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 75.50 vs. NOVT: 47.43 )
Ranked among companies with meaningful Days Sales Outstanding only.
NOVT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 46.6  Med: 58.77 Max: 70.36
Current: 47.43
46.6
70.36
Days Payable 45.33
NOVT's Days Payable is ranked lower than
69% of the 2147 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 63.93 vs. NOVT: 45.33 )
Ranked among companies with meaningful Days Payable only.
NOVT' s Days Payable Range Over the Past 10 Years
Min: 26.72  Med: 45 Max: 52.89
Current: 45.33
26.72
52.89

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -0.40
NOVT's 3-Year Average Share Buyback Ratio is ranked higher than
69% of the 1479 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: -2.90 vs. NOVT: -0.40 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
NOVT' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -33.3  Med: -0.8 Max: -0.4
Current: -0.4
-33.3
-0.4

Valuation & Return

vs
industry
vs
history
Price-to-Intrinsic-Value-Projected-FCF 2.65
NOVT's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
77% of the 1359 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.37 vs. NOVT: 2.65 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
NOVT' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.99  Med: 1.25 Max: 2.65
Current: 2.65
0.99
2.65
Price-to-Median-PS-Value 2.92
NOVT's Price-to-Median-PS-Value is ranked lower than
93% of the 2067 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.05 vs. NOVT: 2.92 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
NOVT' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.28  Med: 1.01 Max: 2.92
Current: 2.92
0.28
2.92
Price-to-Peter-Lynch-Fair-Value 4.66
NOVT's Price-to-Peter-Lynch-Fair-Value is ranked lower than
95% of the 566 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.19 vs. NOVT: 4.66 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
NOVT' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 1.45  Med: 2.9 Max: 42.43
Current: 4.66
1.45
42.43
Earnings Yield (Greenblatt) % 3.12
NOVT's Earnings Yield (Greenblatt) % is ranked lower than
61% of the 2228 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 4.80 vs. NOVT: 3.12 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
NOVT' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -1.4  Med: 5.55 Max: 11.3
Current: 3.12
-1.4
11.3
Forward Rate of Return (Yacktman) % 21.42
NOVT's Forward Rate of Return (Yacktman) % is ranked higher than
88% of the 1273 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 8.87 vs. NOVT: 21.42 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
NOVT' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -63.5  Med: 5.9 Max: 25.7
Current: 21.42
-63.5
25.7

More Statistics

Revenue (TTM) (Mil) $590.58
EPS (TTM) $ 0.71
Beta1.53
Volatility34.64%
52-Week Range $43.65 - 78.85
Shares Outstanding (Mil)34.66

Piotroski F-Score Details

Piotroski F-Score: 55
Positive ROAY
Positive CFROAY
Higher ROA yoyN
CFROA > ROAY
Lower Leverage yoyN
Higher Current Ratio yoyY
Less Shares Outstanding yoyN
Higher Gross Margin yoyN
Higher Asset Turnover yoyY

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