NOVT - Novanta Inc Stock Price, Fair Value and News

163.00USD-1.55 (-0.94%)Market Closed

Market Summary

USD163.00-1.55

Market Closed

-0.94%

NOVT Stock Price

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NOVT RSI Chart

NOVT Valuation

Market Cap

5.9B

Price/Earnings (Trailing)

84.44

Price/Sales (Trailing)

6.55

EV/EBITDA

40.23

Price/Free Cashflow

48.8

NOVT Price/Sales (Trailing)

NOVT Profitability

Operating Margin

63.88%

EBT Margin

9.06%

Return on Equity

10.16%

Return on Assets

4.91%

Free Cashflow Yield

2.05%

NOVT Fundamentals

NOVT Revenue

Revenue (TTM)

893.5M

Rev. Growth (Yr)

5.38%

Rev. Growth (Qtr)

9.14%

NOVT Earnings

Earnings (TTM)

69.3M

Earnings Growth (Yr)

-19.65%

Earnings Growth (Qtr)

17.3%

Breaking Down NOVT Revenue

Last 7 days

1.1%

Last 30 days

5.5%

Last 90 days

1.2%

Trailing 12 Months

-2.9%

How does NOVT drawdown profile look like?

NOVT Financial Health

Current Ratio

2.83

Debt/Equity

0.75

Debt/Cashflow

0.28

NOVT Investor Care

Shares Dilution (1Y)

0.25%

Diluted EPS (TTM)

1.92

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	893.5M	0	0	0
2023	875.8M	889.9M	888.5M	881.7M
2022	748.4M	796.3M	841.5M	860.9M
2021	597.7M	620.5M	655.3M	706.8M
2020	624.4M	614.0M	602.8M	590.6M
2019	624.6M	629.3M	622.6M	626.1M
2018	559.3M	590.6M	605.1M	614.3M
2017	403.4M	424.8M	473.3M	521.3M
2016	369.3M	370.5M	376.1M	384.8M
2015	380.2M	379.8M	377.4M	373.6M
2014	321.0M	338.1M	352.9M	364.7M
2013	281.4M	290.8M	301.1M	316.9M
2012	292.0M	279.7M	270.6M	271.5M
2011	290.5M	295.1M	299.7M	304.3M
2010	0	264.9M	275.4M	285.9M
2009	0	0	0	254.4M

Get all data in R, Python etc through our Historical Stock Data APIs

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

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Russell 2000 Index

Very Expensive Stocks

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Tracking the Latest Insider Buys and Sells of Novanta Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 01, 2024	glastra matthijs	sold	-860,010	172	-5,000	chief executive officer
Mar 01, 2024	young brian s	sold	-1,070,820	175	-6,119	chief human resources officer
Feb 29, 2024	buckley robert	sold	-511,200	170	-3,000	chief financial officer
Feb 26, 2024	young brian s	sold (taxes)	-152,711	158	-965	chief human resources officer
Feb 26, 2024	glastra matthijs	sold (taxes)	-885,884	158	-5,598	chief executive officer
Feb 26, 2024	glastra matthijs	acquired	-	-	11,576	chief executive officer
Feb 26, 2024	buckley robert	acquired	-	-	5,307	chief financial officer
Feb 26, 2024	buckley robert	sold (taxes)	-406,228	158	-2,567	chief financial officer
Feb 26, 2024	chang peter l	acquired	-	-	1,527	cao-corporate controller
Feb 26, 2024	chang peter l	sold (taxes)	-77,226	158	-488	cao-corporate controller

Which funds bought or sold NOVT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.28	-108,325	6,260,440	0.01%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-14.83	-476,190	3,625,600	-%
May 16, 2024	Beacon Capital Management, LLC	new	-	3,495	3,495	-%
May 16, 2024	Colony Group, LLC	new	-	477,000	477,000	-%
May 15, 2024	T. Rowe Price Investment Management, Inc.	reduced	-4.1	-479,000	99,978,000	0.06%
May 15, 2024	BAMCO INC /NY/	unchanged	-	677,053	18,605,100	0.05%
May 15, 2024	AXA S.A.	reduced	-2.1	1,186,580	75,354,000	0.23%
May 15, 2024	BARCLAYS PLC	reduced	-25.3	-3,005,000	10,364,000	-%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	added	35.11	1,483,080	5,171,100	-%
May 15, 2024	Aristotle Capital Boston, LLC	reduced	-0.61	917,813	30,159,000	0.92%

Are Funds Buying or Selling NOVT?

Are funds buying NOVT calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own NOVT

No. of Funds

Unveiling Novanta Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	price t rowe associates inc /md/	5.4%	1,932,196	SC 13G
Feb 13, 2024	vanguard group inc	10.65%	3,815,479	SC 13G/A
Jan 23, 2024	blackrock inc.	12.4%	4,444,220	SC 13G/A
Jun 09, 2023	vanguard group inc	10.02%	3,588,969	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	2.8%	985,144	SC 13G/A
Feb 10, 2023	neuberger berman group llc	3.61%	1,288,802	SC 13G/A
Feb 09, 2023	vanguard group inc	9.69%	3,459,014	SC 13G/A
Jan 23, 2023	blackrock inc.	11.8%	4,226,644	SC 13G/A
Feb 14, 2022	neuberger berman group llc	5.60%	1,994,986	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	6.0%	2,139,728	SC 13G/A

Recent SEC filings of Novanta Inc

View All Filings

Date Filed	Form Type	Document
May 09, 2024	3	Insider Trading
May 09, 2024	4	Insider Trading
May 09, 2024	8-K	Current Report
May 07, 2024	10-Q	Quarterly Report
May 07, 2024	8-K	Current Report
Apr 03, 2024	ARS	ARS
Apr 03, 2024	DEF 14A	DEF 14A
Apr 02, 2024	4	Insider Trading
Apr 01, 2024	144	Notice of Insider Sale Intent
Mar 15, 2024	8-K	Current Report

Peers (Alternatives to Novanta Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AAPL	2.9T	381.6B	13.05%	8.50%	29.01	7.63	-0.90%	6.43%
APH	79.2B	12.8B	18.32%	73.26%	38.89	6.17	1.52%	6.35%
GLW	30.3B	12.4B	14.17%	13.04%	49.07	2.45	-9.51%	-33.28%
FTV	27.2B	6.1B	-3.77%	17.13%	30.2	4.43	3.71%	17.79%
FLEX	11.8B	28.1B	4.34%	21.12%	11.7	0.42	-5.94%	26.86%
MID-CAP
CGNX	8.2B	847.2M	22.04%	-8.33%	82.44	9.7	-8.39%	-42.67%
ARW	7.0B	31.3B	7.85%	6.15%	9.82	0.22	-14.93%	-46.67%
BMI	5.8B	740.8M	28.88%	40.20%	56.51	7.8	25.07%	42.99%
AVT	4.8B	24.7B	14.45%	25.08%	8.44	0.19	-6.09%	-33.76%
ESE	2.8B	988.8M	12.19%	14.65%	28.58	2.84	8.64%	13.26%
SMALL-CAP
CNXN	1.8B	2.8B	10.03%	54.73%	21.81	0.65	-10.09%	0.74%
BHE	1.5B	2.8B	37.18%	85.46%	22.52	0.53	-4.25%	-5.27%
GPRO	246.3M	986.2M	-7.39%	-59.95%	-0.68	0.25	-6.21%	-5303.34%
CPSH	25.8M	26.4M	2.30%	-40.07%	33.65	0.98	-2.48%	-64.63%
AEY	22.4M	56.7M	-36.44%	-0.66%	-3.8	0.59	-41.04%	-726.48%

Novanta Inc News

Latest updates

Novanta Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	9.1%	231	212	222	229	219	218	223	215	204	199	178	168	163	147	143	145	155	160	154	155	157
Gross Profit	4.0%	100	97.00	102	104	98.00	95.00	98.00	95.00	90.00	83.00	76.00	72.00	69.00	62.00	59.00	59.00	64.00	66.00	64.00	66.00	66.00
Operating Expenses	-0.1%	75.00	75.00	71.00	72.00	71.00	68.00	70.00	72.00	66.00	61.00	61.00	56.00	58.00	45.00	47.00	45.00	51.00	53.00	51.00	51.00	52.00
S&GA Expenses	4.4%	44.00	42.00	40.00	42.00	41.00	39.00	40.00	41.00	39.00	35.00	31.00	31.00	32.00	27.00	27.00	25.00	31.00	29.00	28.00	29.00	32.00
R&D Expenses	-0.9%	23.00	23.00	22.00	23.00	23.00	22.00	21.00	22.00	21.00	19.00	17.00	17.00	19.00	16.00	15.00	14.00	15.00	15.00	14.00	13.00	14.00
EBITDA Margin	-1.3%	0.17*	0.18*	0.18*	0.18*	0.18*	0.18*	0.18*	0.17*	0.16*	0.15*	0.15*	0.15*	-	-	-	-	-	-	-	-	-
Interest Expenses	30.5%	8.00	6.00	7.00	7.00	6.00	5.00	4.00	3.00	3.00	3.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	3.00	2.00	2.00	2.00
Income Taxes	-30.8%	2.00	3.00	2.00	4.00	1.00	4.00	4.00	3.00	2.00	5.00	-0.07	3.00	-1.95	2.00	2.00	0.00	-0.04	0.00	2.00	3.00	0.00
Earnings Before Taxes	7.4%	17.00	16.00	23.00	25.00	20.00	19.00	27.00	21.00	21.00	19.00	14.00	14.00	9.00	15.00	10.00	12.00	12.00	10.00	11.00	13.00	12.00
EBT Margin	-4.6%	0.09*	0.09*	0.10*	0.10*	0.10*	0.10*	0.10*	0.09*	0.09*	0.08*	0.08*	0.08*	-	-	-	-	-	-	-	-	-
Net Income	17.3%	15.00	13.00	21.00	21.00	18.00	15.00	22.00	17.00	19.00	14.00	14.00	12.00	11.00	13.00	8.00	12.00	12.00	9.00	9.00	10.00	12.00
Net Income Margin	-6.2%	0.08*	0.08*	0.09*	0.09*	0.08*	0.09*	0.09*	0.08*	0.08*	0.07*	0.08*	0.07*	-	-	-	-	-	-	-	-	-
Free Cashflow	-19.4%	26.00	33.00	38.00	23.00	7.00	36.00	11.00	18.00	5.00	23.00	8.00	23.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	15.1%	1,411	1,226	1,194	1,233	1,226	1,241	1,208	1,206	1,206	1,228	1,210	878	852	865	858	861	842	870	858	783	753
Current Assets	3.3%	429	415	391	414	405	421	408	399	375	374	353	336	309	304	303	310	297	305	297	285	287
Cash Equivalents	-11.0%	94.00	105	76.00	91.00	83.00	100	85.00	100	99.00	117	102	134	114	125	107	97.00	74.00	79.00	61.00	66.00	74.00
Inventory	8.0%	161	149	154	163	167	168	163	154	139	126	119	95.00	90.00	93.00	102	107	112	117	119	113	107
Net PPE	3.7%	113	109	103	104	104	103	95.00	88.00	90.00	87.00	86.00	80.00	78.00	79.00	76.00	75.00	75.00	78.00	76.00	65.00	65.00
Goodwill	21.7%	590	485	478	483	483	479	465	466	476	480	493	283	282	286	280	274	269	275	269	230	-
Liabilities	31.9%	729	553	549	607	628	664	665	674	671	707	710	385	376	388	406	429	429	453	455	397	373
Current Liabilities	8.8%	151	139	138	136	142	165	158	198	183	184	188	127	117	114	134	129	135	135	125	99.00	101
Long Term Debt	45.6%	509	349	348	404	419	431	438	403	413	429	442	187	186	195	188	212	207	215	228	215	198
LT Debt, Current	-2.4%	5.00	5.00	5.00	5.00	5.00	5.00	4.00	5.00	5.00	5.00	5.00	5.00	5.00	6.00	5.00	5.00	5.00	5.00	-	-	2.00
LT Debt, Non Current	-100.0%	-	349	348	404	419	431	438	403	413	429	442	187	186	195	188	212	207	215	228	215	198
Shareholder's Equity	1.2%	682	673	645	626	598	578	542	532	535	521	500	493	476	477	451	432	413	417	403	386	380
Retained Earnings	7.2%	218	203	191	170	149	131	115	93.00	75.00	57.00	43.00	29.00	18.00	6.00	-6.45	-14.71	-26.37	-38.32	-47.54	-56.46	-66.84
Additional Paid-In Capital	-3.3%	68.00	70.00	63.00	57.00	52.00	55.00	52.00	46.00	53.00	54.00	48.00	52.00	47.00	59.00	52.00	45.00	40.00	50.00	51.00	41.00	43.00
Shares Outstanding	0.2%	36.00	36.00	36.00	36.00	36.00	36.00	36.00	36.00	36.00	35.00	35.00	35.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	5,033,820	-	-	-	4,218,705	-	-	-	4,835,362	-	-	-	3,653,922	-	-	-	3,166,216	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-15.8%	32,829	38,992	44,641	26,197	10,245	40,612	14,759	24,061	11,347	28,713	13,898	28,746	23,268	46,553	42,114	33,817	17,755	35,405	6,990	15,396	5,457
Share Based Compensation	-15.7%	6,077	7,210	6,037	5,875	6,466	5,299	5,954	5,081	6,774	5,437	8,490	5,035	6,644	7,047	7,225	5,648	3,199	1,992	2,243	2,378	2,727
Cashflow From Investing	-3112.7%	-197,615	-6,151	-6,795	-3,326	-3,620	-4,258	-25,667	-5,795	-6,821	-4,564	-291,297	-5,375	-5,468	-3,360	-2,524	-2,171	-5,101	-2,792	-26,608	-32,039	-2,405
Cashflow From Financing	3126.9%	153,463	-5,070	-51,964	-15,753	-25,066	-23,485	-1,196	-13,444	-22,029	-9,537	246,284	-3,059	-28,935	-27,162	-32,217	-8,933	-16,045	-16,314	15,177	7,832	-10,630
Buy Backs	-	-	-	-	-	-	-	-	10,000	-	-	-	-	-	-	-	-	5,500	3,316	3,345	3,339	-

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NOVT Income Statement

2024-03-29

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 29, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue	$ 230,916	$ 219,126
Cost of revenue	130,500	121,498
Gross profit	100,416	97,628
Operating expenses:
Research and development and engineering	23,246	22,828
Selling, general and administrative	43,530	40,923
Amortization of purchased intangible assets	5,750	5,089
Restructuring, acquisition, and related costs	2,283	2,476
Total operating expenses	74,809	71,316
Operating income	25,607	26,312
Interest income (expense), net	(8,254)	(6,332)
Foreign exchange transaction gains (losses), net	(321)	(77)
Other income (expense), net	(116)	(166)
Income before income taxes	16,916	19,737
Income tax provision	2,240	1,472
Net income	$ 14,676	$ 18,265
Earnings per common share (Note 5):
Basic	$ 0.41	$ 0.51
Diluted	$ 0.41	$ 0.51
Weighted average common shares outstanding—basic	35,914	35,810
Weighted average common shares outstanding—diluted	36,127	35,999

NOVT Balance Sheet

2024-03-29

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 29, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 93,520	$ 105,051
Accounts receivable, net of allowance of $589 and $571, respectively	150,911	139,410
Inventories	161,371	149,371
Prepaid income taxes and income taxes receivable	7,730	8,105
Prepaid expenses and other current assets	15,284	13,360
Total current assets	428,816	415,297
Property, plant and equipment, net	113,461	109,449
Operating lease assets	44,649	38,302
Deferred tax assets	13,247	27,862
Other assets	5,473	5,617
Intangible assets, net	215,090	145,022
Goodwill	589,856	484,507
Total assets	1,410,592	1,226,056
Current liabilities
Current portion of long-term debt	4,847	4,968
Accounts payable	71,401	57,195
Income taxes payable	11,125	7,767
Current portion of operating lease liabilities	9,240	8,189
Accrued expenses and other current liabilities	54,793	61,056
Total current liabilities	151,406	139,175
Long-term debt	508,858	349,404
Operating lease liabilities	42,926	37,345
Deferred tax liabilities	15,228	16,305
Income taxes payable	4,691	4,435
Other liabilities	5,768	5,932
Total liabilities	728,877	552,596
Commitments and contingencies (Note 15)
Stockholders’ equity:
Preferred shares, no par value; Authorized shares: 7,000; No shares issued and outstanding
Common shares, no par value; Authorized shares: unlimited; Issued and outstanding: 35,891 and 35,814, respectively	423,856	423,856
Additional paid-in capital	67,872	70,180
Retained earnings	218,138	203,462
Accumulated other comprehensive loss	(28,151)	(24,038)
Total stockholders' equity	681,715	673,460
Total liabilities and stockholders’ equity	$ 1,410,592	$ 1,226,056

About Novanta Inc

Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion in the United States and internationally. The company operates through three segments: Photonics, Vision, and Precision Motion. The Photonics segment offers photonics-based solutions, including laser scanning, 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. The 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. The 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 and distributors under the Cambridge Technology, Synrad, Laser Quantum, ARGES, WOM, NDS, Med X Change, Reach Technology, JADAK, ThingMagic, Photo Research, General Scanning, ATI Industrial Automation, Celera Motion, IMS, MicroE, Applimotion, Zettlex, 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 incorporated in 1968 and is headquartered in Bedford, Massachusetts.

CEO	Mr. Matthijs Glastra
WEBSITE	novanta.com
INDUSTRY	Consumer Electronics
EMPLOYEES	3000

Novanta Inc Frequently Asked Questions

What is the ticker symbol for Novanta Inc? What does NOVT stand for in stocks?

NOVT is the stock ticker symbol of Novanta Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Novanta Inc (NOVT)?

As of Fri May 17 2024, market cap of Novanta Inc is 5.85 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of NOVT stock?

You can check NOVT's fair value in chart for subscribers.

What is the fair value of NOVT stock?

You can check NOVT's fair value in chart for subscribers. The fair value of Novanta Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Novanta Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for NOVT so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Novanta Inc a good stock to buy?

The fair value guage provides a quick view whether NOVT is over valued or under valued. Whether Novanta Inc is cheap or expensive depends on the assumptions which impact Novanta Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for NOVT.

What is Novanta Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, NOVT's PE ratio (Price to Earnings) is 84.44 and Price to Sales (PS) ratio is 6.55. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. NOVT PE ratio will change depending on the future growth rate expectations of investors.