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Novanta Inc NOVT

Morningstar Rating
$174.77 +0.97 (0.56%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

NOVT is trading at a 7% discount.
Price
$173.20
Fair Value
$177.95
Uncertainty
High
1-Star Price
$793.28
5-Star Price
$249.00
Economic Moat
Qpbnbw
Capital Allocation
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News

Trading Information

Previous Close Price
$173.80
Day Range
$172.57175.17
52-Week Range
$111.20187.61
Bid/Ask
$165.23 / $184.12
Market Cap
$6.26 Bil
Volume/Avg
137,699 / 135,374

Key Statistics

Price/Earnings (Normalized)
57.55
Price/Sales
7.10
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield

Company Profile

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: Precision Medicine and Manufacturing, Medical Solutions, and Robotics and Automation. It generates the majority of its revenue from the Medical Solutions segment that designs, manufactures, and markets a range of medical-grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; and wireless technologies. The firm generates the majority of its revenue from the United States and Europe.
Sector
Technology
Industry
Scientific & Technical Instruments
Stock Style Box
Small Growth
Total Number of Employees
2,900

Comparables

Valuation

Metric
NOVT
VREX
688686
Price/Earnings (Normalized)
57.5515.4751.62
Price/Book Value
9.241.264.25
Price/Sales
7.101.0111.45
Price/Cash Flow
44.2911.1848.28
Price/Earnings
NOVT
VREX
688686

Financial Strength

Metric
NOVT
VREX
688686
Quick Ratio
1.811.8712.63
Current Ratio
2.984.3013.26
Interest Coverage
4.241.77375.73
Quick Ratio
NOVT
VREX
688686

Profitability

Metric
NOVT
VREX
688686
Return on Assets (Normalized)
8.90%4.25%2.19%
Return on Equity (Normalized)
17.47%9.56%2.35%
Return on Invested Capital (Normalized)
12.27%6.70%1.81%
Return on Assets
NOVT
VREX
688686
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