Novanta Inc NOVT
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.
News
Trading Information
- Previous Close Price
- $171.84
- Day Range
- $172.03–176.42
- 52-Week Range
- $111.20–187.12
- Bid/Ask
- $162.85 / $183.93
- Market Cap
- $6.28 Bil
- Volume/Avg
- 125,589 / 157,223
Key Statistics
- Price/Earnings (Normalized)
- 58.25
- Price/Sales
- 6.89
- Dividend Yield (Trailing)
- 0.00%
- Dividend Yield (Forward)
- 0.00%
- 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
- Website
- https://www.novanta.com
Comparables
Valuation
|
Metric
|
NOVT
|
688301
|
301087
|
|---|---|---|---|
Price/Earnings (Normalized) | 58.25 | 22.44 | 40.86 |
Price/Book Value | 8.79 | 4.05 | 1.74 |
Price/Sales | 6.89 | 9.80 | 2.81 |
Price/Cash Flow | 44.70 | 23.85 | 18.73 |
Price/Earnings
NOVT
688301
301087
Financial Strength
|
Metric
|
NOVT
|
688301
|
301087
|
|---|---|---|---|
Quick Ratio | 1.65 | 4.19 | 2.35 |
Current Ratio | 2.77 | 5.40 | 3.04 |
Interest Coverage | 3.49 | 25.78 | 18.29 |
Quick Ratio
NOVT
688301
301087
Profitability
|
Metric
|
NOVT
|
688301
|
301087
|
|---|---|---|---|
Return on Assets (Normalized) | 7.42% | 8.02% | 3.15% |
Return on Equity (Normalized) | 14.41% | 13.60% | 4.05% |
Return on Invested Capital (Normalized) | 10.59% | 8.74% | 3.14% |
Return on Assets
NOVT
688301
301087
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United States