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Novanta Inc Stock Research

NOVT

142.04USD-4.52(-3.08%)Market Closed
Watchlist

Market Summary

USD142.04-4.52
Market Closed
-3.08%

NOVT Alerts

  • 1 major insider sales recently.

NOVT Stock Price

NOVT RSI Chart

NOVT Valuation

Market Cap

5.2B

Price/Earnings (Trailing)

68.25

Price/Sales (Trailing)

5.9

EV/EBITDA

31.95

Price/Free Cashflow

67.87

NOVT Price/Sales (Trailing)

NOVT Profitability

EBT Margin

9.84%

Return on Equity

12.29%

Return on Assets

6%

Free Cashflow Yield

1.47%

NOVT Fundamentals

NOVT Revenue

Revenue (TTM)

889.9M

Revenue Y/Y

6.55%

Revenue Q/Q

4.72%

NOVT Earnings

Earnings (TTM)

76.9M

Earnings Y/Y

19.45%

Earnings Q/Q

14.31%

Price Action

52 Week Range

187.61
(Low)(High)

Last 7 days

-6.3%

Last 30 days

-2.9%

Last 90 days

-16.4%

Trailing 12 Months

16.7%

NOVT Financial Health

Current Ratio

2.84

NOVT Investor Care

Shares Dilution (1Y)

0.56%

Diluted EPS (TTM)

2.14

Historical Charts for Stock Metrics

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

Latest Insider Trading transactions for NOVT

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-07
Buckley Robert
sold
-480,602
160
-3,000
chief financial officer
2023-08-15
Welsh Michele Davis
sold (taxes)
-90,682
153
-589
general counsel
2023-08-15
Welsh Michele Davis
acquired
-
-
1,328
general counsel
2023-07-26
Hulit Barbara B.
acquired
-
-
187
-
2023-06-28
Solomon Darlene J. S.
acquired
-
-
257
-
2023-06-12
Glastra Matthijs
gifted
-
-
-5,900
chief executive officer
2023-02-24
Young Brian S
acquired
-
-
1,358
chief human resources officer
2023-02-24
Glastra Matthijs
acquired
-
-
11,575
chief executive officer
2023-02-24
Glastra Matthijs
sold (taxes)
-1,517,830
156
-9,685
chief executive officer
2023-02-24
CHANG PETER L
sold (taxes)
-73,345
156
-468
cao-corporate controller

1–10 of 50

Which funds bought or sold NOVT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-08-25
Yarbrough Capital, LLC
unchanged
-
75,780
557,823
0.03%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-7.69
510,690
7,993,810
0.01%
2023-08-21
OSAIC HOLDINGS, INC.
added
7.83
383,755
1,922,470
-%
2023-08-21
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
3.5
528,000
3,194,000
0.03%
2023-08-18
Legato Capital Management LLC
added
35.74
554,885
1,526,920
0.21%
2023-08-17
Orion Portfolio Solutions, LLC
added
14.71
83,564
338,744
-%
2023-08-16
Nuveen Asset Management, LLC
added
13.25
7,475,160
31,552,200
0.01%
2023-08-15
State of Tennessee, Treasury Department
added
31.98
787,437
2,280,820
0.01%
2023-08-15
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO
reduced
-8.26
1,000
20,000
-%
2023-08-15
ALLIANCEBERNSTEIN L.P.
reduced
-4.58
21,684,800
229,693,000
0.09%

1–10 of 49

Latest Funds Activity

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

Schedule 13G FIlings of Novanta

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Feb 03, 2022
blackrock inc.
6.9%
2,454,907
SC 13G/A
Feb 16, 2021
price t rowe associates inc /md/
7.1%
2,513,217
SC 13G/A
Feb 11, 2021
neuberger berman group llc
5.51%
1,938,757
SC 13G/A

Recent SEC filings of Novanta

View All Filings
Date Filed Form Type Document
Sep 11, 2023
4
Insider Trading
Sep 07, 2023
144
Notice of Insider Sale Intent
Aug 17, 2023
4
Insider Trading
Aug 08, 2023
8-K
Current Report
Aug 08, 2023
10-Q
Quarterly Report
Jul 28, 2023
4
Insider Trading
Jul 06, 2023
4
Insider Trading
Jul 06, 2023
4
Insider Trading
Jul 06, 2023
4
Insider Trading
Jul 06, 2023
4
Insider Trading

Peers (Alternatives to Novanta)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
49.6B
12.6B
-0.77% 18.19%
26.05
3.95
5.26% 6.38%
23.3B
5.6B
2.28% -19.41%
20.64
4.17
6.17% 2.08%
13.8B
35.3B
4.34% 81.92%
14.15
0.39
10.73% 14.25%
-
5.5B
-11.85% -17.44%
-
-
-5.22% 30.78%
MID-CAP
7.8B
1.3B
-4.46% 13.68%
35.71
6.08
2.12% 9.33%
7.4B
892.7M
-7.02% -2.57%
43.19
8.34
-17.80% -33.36%
5.6B
2.6B
31.67% 58.01%
22.44
2.1
16.93% 23.72%
5.2B
889.9M
-2.93% 16.70%
68.25
5.9
11.76% 20.80%
4.7B
1.4B
0.10% 12.57%
44.4
3.43
-8.11% -60.37%
SMALL-CAP
1.9B
1.3B
-1.49% 46.65%
21.17
1.52
8.04% -20.43%
1.3B
585.4M
-4.27% -2.57%
22.64
2.24
6.90% 364.82%
860.0M
3.0B
-5.96% -7.84%
12.95
0.29
14.83% 36.44%
839.8M
168.6M
8.55% -24.39%
25.28
4.98
24.14% 88.79%
482.2M
224.2M
-3.98% -0.96%
-9.24
2.15
-15.40% -50.79%
405.3M
1.1M
-17.56% -48.20%
-6.14
364.77
-42.70% -35.25%

Novanta News

Simply Wall St
Novanta (NASDAQ:NOVT) Seems To Use Debt Quite Sensibly.
Simply Wall St,
10 hours ago
Investor's Business Daily
Simply Wall St
Yahoo Finance
Should You Exit Novanta (NOVT)?.
Yahoo Finance,
28 days ago

Returns for NOVT

Cumulative Returns on NOVT

35.8%


7-Year Cumulative Returns

15.7%


5-Year Cumulative Returns

11.4%


3-Year Cumulative Returns

Risks for NOVT

What is the probability of a big loss on NOVT?

80%


Probability that Novanta stock will be more than 20% underwater in next one year

33.5%


Probability that Novanta stock will be more than 30% underwater in next one year.

0%


Probability that Novanta stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does NOVT drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Novanta was unfortunately bought at previous high price.

Drawdowns

Financials for Novanta

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue1.6%890876861841796748707655621598591603614624626623629625614605591
Gross Profit2.3%395386378367345322300280263249245248253260262261266266262259248
Operating Expenses0.0%281281275269260245236220206195189196200206207203200197191185183
  S&GA Expenses1.0%162160159155146137129122117111110112113117118117119119116115113
  R&D Expenses2.0%89.0088.0086.0083.0079.0075.0073.0069.0067.0064.0061.0060.0058.0057.0056.0054.0054.0053.0051.0050.0048.00
EBITDA-100.0%-15515515213512310698.0093.0090.0092.0089.0090.0092.0092.00------
EBITDA Margin-100.0%-0.18*0.18*0.18*0.17*0.16*0.15*0.15*0.15*0.15*0.16*0.15*0.15*0.15*0.15*------
Interest Expenses23.0%22.0018.0014.0011.009.008.006.005.005.005.006.007.007.008.008.008.008.009.009.009.005.00
Earnings Before Taxes5.2%91.0086.0087.0087.0074.0068.0056.0052.0049.0046.0048.0043.0044.0045.0046.0050.0057.0059.0061.0064.0055.00
EBT Margin-100.0%-0.10*0.10*0.10*0.09*0.09*0.08*0.08*0.08*0.08*0.08*0.07*0.07*0.07*0.07*------
Net Income4.6%77.0073.0074.0073.0064.0058.0050.0049.0044.0044.0045.0041.0042.0040.0041.0043.0049.0049.0049.0046.0039.00
Net Income Margin-100.0%-0.08*0.09*0.09*0.08*0.08*0.07*0.08*0.07*0.07*0.08*0.07*0.07*0.06*0.07*------
Free Cashflow-100.0%-73.0071.0058.0055.0060.0075.0094.0012613413011984.0065.0053.00------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets0.6%1,2331,2261,2411,2081,2061,2061,2281,210878852865858861842870858783753720759742
  Current Assets2.4%414405421408399375374353336309304303310297305297285287282313296
    Cash Equivalents10.5%91.0083.0010085.0010099.0011710213411412510797.0074.0079.0061.0066.0074.0082.00112107
  Inventory-2.3%16316716816315413912611995.0090.0093.0010210711211711911310710599.0096.00
  Net PPE-0.2%10410410395.0088.0090.0087.0086.0080.0078.0079.0076.0075.0075.0078.0076.0065.0065.0065.0066.0065.00
  Goodwill0.2%483483479465466476480493283282286280274269275269230218218--
Liabilities-3.4%607628664665674671707710385376388406429429453455397373351400366
  Current Liabilities-4.5%13614216515819818318418812711711413412913513512599.0010110410993.00
    LT Debt, Current0.0%5.005.005.004.005.005.005.005.005.005.006.005.005.005.005.00--2.005.009.009.00
    LT Debt, Non Current-3.6%404419431438403413429442187186195188212207215228215198203247228
Shareholder's Equity4.7%626598578542532535521500493476477451432413417403386380368360324
  Retained Earnings14.0%17014913111593.0075.0057.0043.0029.0018.006.00-6.45-14.71-26.37-38.32-47.54-56.46-66.84-79.09-90.74-112
  Additional Paid-In Capital10.5%57.0052.0055.0052.0046.0053.0054.0048.0052.0047.0059.0052.0045.0040.0050.0051.0041.0043.0046.0046.0032.00
Shares Outstanding0.0%36.0036.0036.0036.0036.0036.0036.0035.0035.0035.0035.0035.0035.0035.0035.0035.0035.0035.0035.0035.0035.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations2.4%92.0090.0091.0079.0078.0083.0095.0011214114614012994.0076.0063.0050.0070.0075.0090.0090.0074.00
  Share Based Compensation3.5%24.0023.0023.0023.0026.0026.0026.0027.0026.0027.0023.0018.0013.0010.009.0010.009.008.008.007.006.00
Cashflow From Investing6.3%-36.87-39.34-42.54-42.85-308-308-306-305-16.73-13.52-13.16-12.59-36.67-66.54-63.84-64.39-45.40-45.11-45.59-44.85-174
Cashflow From Financing-3.7%-65.50-63.19-60.15-46.21201212205187-91.37-97.25-84.36-73.51-26.11-9.35-3.93-35.51-65.67-62.47-60.16-24.04118
  Buy Backs---10.0020.0040.00-----6.009.0012.0016.0010.0012.0010.00-6.005.003.00

NOVT Income Statement

2023-06-30
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jul. 01, 2022
Jun. 30, 2023
Jul. 01, 2022
Income Statement [Abstract]    
Revenue$ 229,464$ 215,356$ 448,590$ 419,572
Cost of revenue125,341120,111246,839234,051
Gross profit104,12395,245201,751185,521
Operating expenses:    
Research and development and engineering23,38021,58846,20842,517
Selling, general and administrative42,18740,53883,11079,890
Amortization of purchased intangible assets5,1247,17310,21314,515
Restructuring, acquisition, and related costs1,2342,6553,7101,025
Total operating expenses71,92571,954143,241137,947
Operating income32,19823,29158,51047,574
Interest income (expense), net(6,810)(2,757)(13,142)(5,866)
Foreign exchange transaction gains (losses), net74152(3)221
Other income (expense), net(191)68(357)(477)
Income before income taxes25,27120,75445,00841,452
Income tax provision (benefit)4,3923,2755,8645,153
Consolidated net income$ 20,879$ 17,479$ 39,144$ 36,299
Earnings per common share:    
Basic$ 0.58$ 0.49$ 1.09$ 1.02
Diluted$ 0.58$ 0.49$ 1.09$ 1.01
Weighted average common shares outstanding—basic35,85135,60935,83035,573
Weighted average common shares outstanding—diluted36,03235,93336,01535,857

NOVT Balance Sheet

2023-06-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets  
Cash and cash equivalents$ 91,330$ 100,105
Accounts receivable, net of allowance of $1,316 and $995, respectively144,837137,697
Inventories162,904167,997
Prepaid income taxes and income taxes receivable3,1441,508
Prepaid expenses and other current assets12,12813,212
Total current assets414,343420,519
Property, plant and equipment, net103,801103,186
Operating lease assets43,28043,317
Deferred tax assets21,21515,113
Other assets5,7184,414
Intangible assets, net160,956175,766
Goodwill483,409478,897
Total assets1,232,7221,241,212
Current liabilities  
Current portion of long-term debt4,9064,800
Accounts payable64,65375,225
Income taxes payable6,59213,660
Current portion of operating lease liabilities7,8817,793
Accrued expenses and other current liabilities51,94663,044
Total current liabilities135,978164,522
Long-term debt403,586430,662
Operating lease liabilities40,72940,808
Deferred tax liabilities16,17517,194
Income taxes payable4,6614,355
Other liabilities5,5636,085
Total liabilities606,692663,626
Commitments and contingencies (Note 14)
Stockholders’ equity:  
Preferred shares, no par value; Authorized shares: 7,000; No shares issued and outstanding
Common shares, no par value; Authorized shares: unlimited; Issued and outstanding: 35,808 and 35,711, respectively423,856423,856
Additional paid-in capital57,48855,155
Retained earnings169,728130,584
Accumulated other comprehensive loss(25,042)(32,009)
Total stockholders' equity626,030577,586
Total liabilities and stockholders’ equity$ 1,232,722$ 1,241,212
Matthijs Glastra
2700
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.