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NOVT

NOVT - Novanta Inc Stock Price, Fair Value and News

164.37USD-0.42 (-0.25%)Market Closed

Market Summary

NOVT
USD164.37-0.42
Market Closed
-0.25%

NOVT Alerts

  • 1 major insider sales recently.

NOVT Stock Price

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NOVT RSI Chart

NOVT Valuation

Market Cap

5.9B

Price/Earnings (Trailing)

85.15

Price/Sales (Trailing)

6.6

EV/EBITDA

40.55

Price/Free Cashflow

49.21

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

2.03%

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

1.2%

Last 30 days

-0.2%

Last 90 days

-5.1%

Trailing 12 Months

-2.2%

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

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2024893.5M000
2023875.8M889.9M888.5M881.7M
2022748.4M796.3M841.5M860.9M
2021597.7M620.5M655.3M706.8M
2020624.4M614.0M602.8M590.6M
2019624.6M629.3M622.6M626.1M
2018559.3M590.6M605.1M614.3M
2017403.4M424.8M473.3M521.3M
2016369.3M370.5M376.1M384.8M
2015380.2M379.8M377.4M373.6M
2014321.0M338.1M352.9M364.7M
2013281.4M290.8M301.1M316.9M
2012292.0M279.7M270.6M271.5M
2011290.5M295.1M299.7M304.3M
20100264.9M275.4M285.9M
2009000254.4M
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Tracking the Latest Insider Buys and Sells of Novanta Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Jun 10, 2024
secor thomas n
sold
-158,600
158
-1,000
-
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
chang peter l
acquired
-
-
1,527
cao-corporate controller
Feb 26, 2024
buckley robert
sold (taxes)
-406,228
158
-2,567
chief financial officer

1–10 of 50

Which funds bought or sold NOVT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 11, 2024
EverSource Wealth Advisors, LLC
reduced
-37.65
-6,019
8,296
-%
May 28, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
74,000
2,038,000
0.02%
May 21, 2024
Atria Investments, Inc
sold off
-100
-1,037,670
-
-%
May 16, 2024
Colony Group, LLC
new
-
477,000
477,000
-%
May 16, 2024
Beacon Capital Management, LLC
new
-
3,495
3,495
-%
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 15, 2024
GOLDMAN SACHS GROUP INC
reduced
-7.68
-2,443,270
55,840,100
0.01%
May 15, 2024
QUADRANT CAPITAL GROUP LLC
added
27.45
2,772
11,361
-%
May 15, 2024
Tower Research Capital LLC (TRC)
reduced
-69.51
-579,174
268,097
0.01%

1–10 of 47

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 FiledName of FilerPercent of ClassNo. of SharesForm 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
Jun 12, 2024
4
Insider Trading
Jun 10, 2024
144
Notice of Insider Sale Intent
May 30, 2024
SD
SD
May 09, 2024
8-K
Current Report
May 09, 2024
4
Insider Trading
May 09, 2024
3
Insider Trading
May 07, 2024
8-K
Current Report
May 07, 2024
10-Q
Quarterly Report
Apr 03, 2024
DEF 14A
DEF 14A
Apr 03, 2024
ARS
ARS

Peers (Alternatives to Novanta Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
3.3T
381.6B
14.25% 16.41%
32.71
8.6
-0.90% 6.43%
41.4B
12.8B
-46.34% -14.36%
20.34
3.23
1.52% 6.35%
32.6B
12.4B
8.93% 14.53%
52.18
2.63
-9.51% -31.36%
25.7B
6.1B
-5.81% 4.99%
28.55
4.19
3.71% 17.79%
12.9B
26.4B
10.49% 20.23%
12.79
0.49
-7.32% 26.86%
MID-CAP
7.9B
847.2M
-1.74% -17.23%
79.71
9.38
-8.39% -42.67%
7.0B
31.3B
2.50% -4.13%
9.86
0.22
-14.93% -46.55%
5.5B
740.8M
-2.97% 25.43%
54
7.46
25.07% 42.99%
4.8B
24.7B
0.30% 10.21%
8.46
0.2
-6.09% -33.76%
2.8B
988.8M
2.55% 9.32%
28.2
2.8
8.64% 13.26%
SMALL-CAP
1.7B
2.8B
-4.68% 38.90%
20.44
0.61
-10.09% 0.74%
1.5B
2.8B
0.05% 64.77%
22.47
0.53
-4.25% -5.27%
223.6M
986.2M
-16.38% -64.34%
-0.62
0.23
-6.21% -5303.34%
25.4M
26.4M
1.16% -40.07%
33.09
0.96
-2.48% -64.63%
22.4M
56.7M
21.66% 48.06%
-3.8
0.59
-41.04% -726.48%

Novanta Inc News

Latest updates
MarketBeat23 hours ago
Defense World11 Jun 202412:40 pm
Simply Wall St30 May 202407:00 am

Novanta Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue9.1%231212222229219218223215204199178168163147143145155160154155157
Gross Profit4.0%10097.0010210498.0095.0098.0095.0090.0083.0076.0072.0069.0062.0059.0059.0064.0066.0064.0066.0066.00
Operating Expenses-0.1%75.0075.0071.0072.0071.0068.0070.0072.0066.0061.0061.0056.0058.0045.0047.0045.0051.0053.0051.0051.0052.00
  S&GA Expenses4.4%44.0042.0040.0042.0041.0039.0040.0041.0039.0035.0031.0031.0032.0027.0027.0025.0031.0029.0028.0029.0032.00
  R&D Expenses-0.9%23.0023.0022.0023.0023.0022.0021.0022.0021.0019.0017.0017.0019.0016.0015.0014.0015.0015.0014.0013.0014.00
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 Expenses30.5%8.006.007.007.006.005.004.003.003.003.001.001.001.001.001.001.001.003.002.002.002.00
Income Taxes-30.8%2.003.002.004.001.004.004.003.002.005.00-0.073.00-1.952.002.000.00-0.040.002.003.000.00
Earnings Before Taxes7.4%17.0016.0023.0025.0020.0019.0027.0021.0021.0019.0014.0014.009.0015.0010.0012.0012.0010.0011.0013.0012.00
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 Income17.3%15.0013.0021.0021.0018.0015.0022.0017.0019.0014.0014.0012.0011.0013.008.0012.0012.009.009.0010.0012.00
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%26.0033.0038.0023.007.0036.0011.0018.005.0023.008.0023.00---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets15.1%1,4111,2261,1941,2331,2261,2411,2081,2061,2061,2281,210878852865858861842870858783753
  Current Assets3.3%429415391414405421408399375374353336309304303310297305297285287
    Cash Equivalents-11.0%94.0010576.0091.0083.0010085.0010099.0011710213411412510797.0074.0079.0061.0066.0074.00
  Inventory8.0%16114915416316716816315413912611995.0090.0093.00102107112117119113107
  Net PPE3.7%11310910310410410395.0088.0090.0087.0086.0080.0078.0079.0076.0075.0075.0078.0076.0065.0065.00
  Goodwill21.7%590485478483483479465466476480493283282286280274269275269230-
Liabilities31.9%729553549607628664665674671707710385376388406429429453455397373
  Current Liabilities8.8%15113913813614216515819818318418812711711413412913513512599.00101
  Long Term Debt45.6%509349348404419431438403413429442187186195188212207215228215198
    LT Debt, Current-2.4%5.005.005.005.005.005.004.005.005.005.005.005.005.006.005.005.005.005.00--2.00
    LT Debt, Non Current45.6%509349348404419431438403413429442187186195188212207215228215198
Shareholder's Equity1.2%682673645626598578542532535521500493476477451432413417403386380
  Retained Earnings7.2%21820319117014913111593.0075.0057.0043.0029.0018.006.00-6.45-14.71-26.37-38.32-47.54-56.46-66.84
  Additional Paid-In Capital-3.3%68.0070.0063.0057.0052.0055.0052.0046.0053.0054.0048.0052.0047.0059.0052.0045.0040.0050.0051.0041.0043.00
Shares Outstanding0.2%36.0036.0036.0036.0036.0036.0036.0036.0036.0035.0035.0035.00---------
Float----5,033,820---4,218,705---4,835,362---3,653,922---3,166,216-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-15.8%32,82938,99244,64126,19710,24540,61214,75924,06111,34728,71313,89828,74623,26846,55342,11433,81717,75535,4056,99015,3965,457
  Share Based Compensation-15.7%6,0777,2106,0375,8756,4665,2995,9545,0816,7745,4378,4905,0356,6447,0477,2255,6483,1991,9922,2432,3782,727
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 Financing3126.9%153,463-5,070-51,964-15,753-25,066-23,485-1,196-13,444-22,029-9,537246,284-3,059-28,935-27,162-32,217-8,933-16,045-16,31415,1777,832-10,630
  Buy Backs--------10,000--------5,5003,3163,3453,339-
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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 revenue130,500121,498
Gross profit100,41697,628
Operating expenses:  
Research and development and engineering23,24622,828
Selling, general and administrative43,53040,923
Amortization of purchased intangible assets5,7505,089
Restructuring, acquisition, and related costs2,2832,476
Total operating expenses74,80971,316
Operating income25,60726,312
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 taxes16,91619,737
Income tax provision2,2401,472
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—basic35,91435,810
Weighted average common shares outstanding—diluted36,12735,999

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 $571, respectively150,911139,410
Inventories161,371149,371
Prepaid income taxes and income taxes receivable7,7308,105
Prepaid expenses and other current assets15,28413,360
Total current assets428,816415,297
Property, plant and equipment, net113,461109,449
Operating lease assets44,64938,302
Deferred tax assets13,24727,862
Other assets5,4735,617
Intangible assets, net215,090145,022
Goodwill589,856484,507
Total assets1,410,5921,226,056
Current liabilities  
Current portion of long-term debt4,8474,968
Accounts payable71,40157,195
Income taxes payable11,1257,767
Current portion of operating lease liabilities9,2408,189
Accrued expenses and other current liabilities54,79361,056
Total current liabilities151,406139,175
Long-term debt508,858349,404
Operating lease liabilities42,92637,345
Deferred tax liabilities15,22816,305
Income taxes payable4,6914,435
Other liabilities5,7685,932
Total liabilities728,877552,596
Commitments and contingencies (Note 15)
Stockholders’ equity:  
Preferred shares, no par value; Authorized shares: 7,000; No shares issued and outstanding
Common shares, no par value; Authorized shares: unlimited; Issued and outstanding: 35,891 and 35,814, respectively423,856423,856
Additional paid-in capital67,87270,180
Retained earnings218,138203,462
Accumulated other comprehensive loss(28,151)(24,038)
Total stockholders' equity681,715673,460
Total liabilities and stockholders’ equity$ 1,410,592$ 1,226,056
NOVT
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
 WEBSITEnovanta.com
 INDUSTRYConsumer Electronics
 EMPLOYEES3000

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 Thu Jun 13 2024, market cap of Novanta Inc is 5.9 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 Thu Jun 13 2024, NOVT's PE ratio (Price to Earnings) is 85.15 and Price to Sales (PS) ratio is 6.6. 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.