Novanta Inc.
General ticker "NOVT" information:
- Sector: Information Technology
- Industry: Hardware, Equipment & Parts
- Capitalization: $4.6B (TTM average)
Novanta Inc. follows the US Stock Market performance with the rate: 15.6%.
Estimated limits based on current volatility of 1.8%: low 132.45$, high 137.21$
Factors to consider:
- Total employees count: 3000 (+3.4%) as of 2024
- US accounted for 51.3% of revenue in the fiscal year ended 2024-12-31
- Top business risk factors: Economic downturns and volatility, Customer spending and demand, Supply chain disruptions, Cybersecurity threats, Production challenges
- Earnings for 9 months up through Q3 are below our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2024-12-31 to 2026-12-31
- 2024-12-31 to 2025-12-31 estimated range: [129.67$, 190.90$]
- 2025-12-31 to 2026-12-31 estimated range: [132.57$, 195.21$]
Financial Metrics affecting the NOVT estimates:
- Negative: with PPE of 50.1 at the end of fiscal year the price was high
- Positive: 7.54 < Operating profit margin, % of 11.65
- Negative: Industry operating cash flow per share per price (median), % of 2.11 <= 5.42
- Positive: Interest expense per share per price, % of 0.57 <= 0.74
- Positive: 42.53 < Shareholder equity ratio, % of 53.70 <= 64.17
- Positive: 1.77 < Return on assets ratio (scaled to [-100,100]) of 4.41
- Negative: Industry earnings per price (median), % of 0 <= 0
- Negative: Industry operating profit margin (median), % of -2.19 <= 2.95
- Positive: Industry inventory ratio change (median), % of -0.01 <= 0
Short-term NOVT quotes
Long-term NOVT plot with estimates
Financial data
| YTD | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating Revenue | $860.90MM | $881.66MM | $949.25MM |
| Operating Expenses | $757.82MM | $771.17MM | $838.66MM |
| Operating Income | $103.08MM | $110.50MM | $110.58MM |
| Non-Operating Income | $-15.92MM | $-26.75MM | $-31.52MM |
| Interest Expense | $15.62MM | $25.82MM | $31.49MM |
| R&D Expense | $85.77MM | $91.68MM | $95.52MM |
| Income(Loss) | $87.16MM | $83.75MM | $79.07MM |
| Taxes | $13.11MM | $10.87MM | $14.98MM |
| Profit(Loss)* | $74.05MM | $72.88MM | $64.09MM |
| Stockholders Equity | $577.59MM | $673.46MM | $745.70MM |
| Inventory | $168.00MM | $149.37MM | $144.61MM |
| Assets | $1,241.21MM | $1,226.06MM | $1,388.51MM |
| Operating Cash Flow | $90.78MM | $120.08MM | $158.51MM |
| Capital expenditure | $19.64MM | $19.96MM | $17.16MM |
| Investing Cash Flow | $-42.54MM | $-19.89MM | $-208.19MM |
| Financing Cash Flow | $-60.15MM | $-97.85MM | $56.94MM |
| Earnings Per Share** | $2.08 | $2.03 | $1.78 |
* Profit(Loss) attributable to entity.
** EPS are Split Adjusted, recent splits may be reflected with a delay.