Novanta Inc. (NOVT): Price and Financial Metrics

NOVT POWR Grades

• Momentum is the dimension where NOVT ranks best; there it ranks ahead of 85.35% of US stocks.
• The strongest trend for NOVT is in Stability, which has been heading up over the past 179 days.
• NOVT ranks lowest in Value; there it ranks in the 4th percentile.

NOVT Stock Summary

• NOVT's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 206.58 -- higher than 86.59% of US-listed equities with positive expected earnings growth.
• With a price/earnings ratio of 71.86, NOVANTA INC P/E ratio is greater than that of about 92.21% of stocks in our set with positive earnings.
• Price to trailing twelve month operating cash flow for NOVT is currently 60.19, higher than 94.62% of US stocks with positive operating cash flow.
• If you're looking for stocks that are quantitatively similar to NOVANTA INC, a group of peers worth examining would be CSGS, VMEO, AVID, DIOD, and PBYI.
• NOVT's SEC filings can be seen here. And to visit NOVANTA INC's official web site, go to www.novanta.com.

NOVT Valuation Summary

• NOVT's price/sales ratio is 6.3; this is 152% higher than that of the median Technology stock.
• NOVT's price/sales ratio has moved up 3.9 over the prior 243 months.

Below are key valuation metrics over time for NOVT.

NOVT Growth Metrics

Its 4 year revenue growth rate is now at 54.77%.
• The 2 year cash and equivalents growth rate now stands at 34.06%.
• The 4 year cash and equivalents growth rate now stands at -7.89%.

NOVT's revenue has moved up $215,391,000 over the prior 33 months.

The table below shows NOVT's growth in key financial areas (numbers in millions of US dollars).

Date	Revenue	Operating Cash Flow	Net Income to Common Stock
2022-09-30	841.49	78.88	72.543
2022-06-30	796.258	78.019	63.656
2022-03-31	748.425	82.704	57.841
2021-12-31	706.793	94.625	50.331
2021-09-30	655.331	112.465	49.233
2021-06-30	620.534	140.681	43.888

NOVT's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.

• NOVT has a Quality Grade of B, ranking ahead of 88.22% of graded US stocks.
• NOVT's asset turnover comes in at 0.719 -- ranking 22nd of 53 Electrical Equipment stocks.
• AME, BYRN, and CCF are the stocks whose asset turnover ratios are most correlated with NOVT.

The table below shows NOVT's key quality metrics over time.