FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.
As of today, Novanta's Trailing 12-Month Free Cash Flow is $100.1 Mil, and Market Cap is $5,721.4 Mil. Therefore, Novanta's FCF Yield % for today is 1.75%.
The historical rank and industry rank for Novanta's FCF Yield % or its related term are showing as below:
NOVT'
s FCF Yield % Range Over the Past 10 Years
Min: 0.96 Med: 2.75 Max: 12.15
Current: 1.75
During the past 13 years, the highest FCF Yield % of Novanta was 12.15%. The lowest was 0.96%. And the median was 2.75%.
NOVT's FCF Yield % is ranked better than 54.09% of 2472
companies
in the Hardware industry
Industry Median: 0.86
vs NOVT: 1.75
The historical data trend for Novanta's FCF Yield % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Scientific & Technical Instruments subindustry, Novanta's FCF Yield %, along with its competitors' market caps and FCF Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Novanta's FCF Yield % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Novanta's FCF Yield % distribution charts can be found below:
* The bar in red indicates where Novanta's FCF Yield % falls into.
Novanta FCF Yield % Calculation
FCF Yield % is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.
Novanta's FCF Yield % for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Novanta FCF Yield % Explanation
Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.
Novanta FCF Yield % Related Terms
Thank you for viewing the detailed overview of Novanta's FCF Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Novanta Inc manufactures photonic and motion-control components for original equipment manufacturers in the medical equipment and industrial technology markets. The firm operates in three segments: photonics, vision, and precision motion. The photonics segment, which sells photonics-based products that include carbon dioxide lasers, laser scanning, super-resolution imaging lasers, and laser beam delivery items. The vision segment sells medical-grade technologies, including visualization solutions, imaging informatics products, and thermal printers contributing the majority of revenue. The precision motion segment sells optical encoders, motion control technology, and precision machined components. The firm generates the majority of its revenue from the United States and Europe.
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