Novanta Inc. (NOVT): Price and Financial Metrics

NOVT POWR Grades

• NOVT scores best on the Momentum dimension, with a Momentum rank ahead of 90.49% of US stocks.
• The strongest trend for NOVT is in Quality, which has been heading up over the past 177 days.
• NOVT ranks lowest in Value; there it ranks in the 5th percentile.

NOVT Stock Summary

• With a one year PEG ratio of 187.65, NOVANTA INC is expected to have a higher PEG ratio (a measure of how expensive a stock is relative to its expected earnings growth) than 85.61% of US stocks.
• NOVT's current price/earnings ratio is 65.28, which is higher than 91.43% of US stocks with positive earnings.
• The price/operating cash flow metric for NOVANTA INC is higher than 94.02% of stocks in our set with a positive cash flow.
• Stocks that are quantitatively similar to NOVT, based on their financial statements, market capitalization, and price volatility, are CSGS, VMEO, AVID, DIOD, and PBYI.
• Visit NOVT's SEC page to see the company's official filings. To visit the company's web site, go to www.novanta.com.

NOVT Valuation Summary

• NOVT's price/earnings ratio is 65.3; this is 155.08% higher than that of the median Technology stock.
• Over the past 243 months, NOVT's price/sales ratio has gone up 3.6.

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.