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Novanta Inc

Technology US NOVT

123.14USD
-4.12(3.24%)

Last update at 2026-03-10T20:00:00Z

Day Range

122.58128.10
LowHigh

52 Week Range

111.20187.60
LowHigh

Fundamentals

  • Previous Close 127.26
  • Market Cap5909.21M
  • Volume549942
  • P/E Ratio85.74
  • Dividend Yield-%
  • EBITDA164.46M
  • Revenue TTM893.45M
  • Revenue Per Share TTM24.91
  • Gross Profit TTM 378.63M
  • Diluted EPS TTM1.92

Source: TradingView
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Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 87.16M 56.17M 48.40M 45.77M 61.30M
Minority interest - - 0.00000M 0.00000M 1.99M
Net income 74.05M 50.33M 44.52M 40.77M 49.11M
Selling general administrative 158.90M 129.16M 109.85M 118.41M 115.90M
Selling and marketing expenses - - - - -
Gross profit 378.47M 300.33M 244.52M 262.08M 261.53M
Reconciled depreciation 53.16M 43.39M 38.29M 38.28M 37.05M
Ebit 103.08M 100.22M 55.89M 89.21M 86.95M
Ebitda 164.94M 143.62M 102.74M 127.49M 124.00M
Depreciation and amortization 61.86M 43.39M 46.85M 38.28M 37.05M
Non operating income net other -0.30400M -0.49500M -0.92100M -1.02300M 0.10M
Operating income 103.08M 100.22M 55.89M 89.21M 71.01M
Other operating expenses 753.44M 624.72M 530.92M 554.24M 535.28M
Interest expense -15.61600M -7.38700M -6.56400M -8.49300M 9.81M
Tax provision 13.11M 5.84M 3.88M 4.99M 10.21M
Interest income - - - 9.27M 9.67M
Net interest income -15.61600M -7.38700M -6.56400M -8.49300M -9.81400M
Extraordinary items - - - - -
Non recurring 4.38M 18.02M 3.81M 16.57M -
Other items - - - - -
Income tax expense 13.11M 5.84M 3.88M 4.99M 10.21M
Total revenue 860.90M 706.79M 590.62M 626.10M 614.34M
Total operating expenses 271.01M 218.25M 184.82M 190.23M 182.47M
Cost of revenue 482.43M 406.46M 346.11M 364.01M 352.81M
Total other income expense net -15.92000M -44.04900M -7.48500M -43.44400M -7.93800M
Discontinued operations - - - - -
Net income from continuing ops 74.05M 50.33M 44.52M 40.77M 51.09M
Net income applicable to common shares 74.05M 50.33M 44.52M 40.77M 49.11M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 1226.06M 1241.21M 1227.88M 865.18M 869.74M
Intangible assets 145.02M 175.77M 220.99M 148.52M 166.18M
Earning assets - - - - -
Other current assets 21.46M 14.72M 15.16M 11.33M 17.87M
Total liab 552.60M 663.63M 706.59M 388.37M 452.56M
Total stockholder equity 673.46M 577.59M 521.29M 476.81M 417.17M
Deferred long term liab - 17.19M 33.74M 24.13M 26.68M
Other current liab 62.55M 76.37M 103.33M 59.58M 74.01M
Common stock 423.86M 423.86M 423.86M 423.86M 423.86M
Capital stock 423.86M 423.86M 423.86M 423.86M 423.86M
Retained earnings 203.46M 130.58M 56.53M 6.20M -38.31900M
Other liab - 22.98M 47.59M 40.50M 53.43M
Good will 484.51M 478.90M 479.50M 285.98M 274.71M
Other assets - 19.53M 17.79M 47.83M 11.60M
Cash 105.05M 100.11M 117.39M 125.05M 78.94M
Cash and equivalents - - - - -
Total current liabilities 139.18M 164.52M 183.94M 114.23M 134.85M
Current deferred revenue 5.55M 8.13M 7.00M 6.17M 3.22M
Net debt 299.51M 376.17M 362.76M 108.18M 175.53M
Short term debt 13.88M 4.80M 5.10M 5.51M 5.03M
Short long term debt 4.97M 4.80M 5.10M 5.51M 5.03M
Short long term debt total 404.56M 476.27M 480.16M 233.24M 254.47M
Other stockholder equity 70.18M 55.16M 53.77M 58.99M 49.75M
Property plant equipment - 103.19M 135.78M 78.68M 77.56M
Total current assets 415.30M 420.52M 373.82M 304.17M 304.51M
Long term investments - - - - -
Net tangible assets - -77.07700M -179.19800M 42.31M -23.71300M
Short term investments - - - - -
Net receivables 139.41M 137.70M 115.62M 75.05M 91.08M
Long term debt 349.40M 430.66M 429.36M 194.93M 215.33M
Inventory 149.37M 168.00M 125.66M 92.74M 116.62M
Accounts payable 57.20M 75.22M 68.51M 42.97M 52.59M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -24.03800M -32.00900M -12.86600M -12.24100M -18.11300M
Additional paid in capital - - - - -
Common stock total equity - 423.86M 423.86M 423.86M 423.86M
Preferred stock total equity - - - - -
Retained earnings total equity - 130.58M 56.53M 6.20M -38.31900M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 5.62M 4.41M 17.79M 13.38M 11.60M
Deferred long term asset charges - - - - 8.89M
Non current assets total 810.76M 820.69M 854.06M 561.01M 565.22M
Capital lease obligations 50.19M 53.92M 58.94M 32.80M 54.00M
Long term debt total - 430.66M 429.36M 194.93M 215.33M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -42.54100M -306.70400M -13.15600M -63.84400M -45.59000M
Change to liabilities 30.82M 24.38M -8.46900M -19.76600M 11.24M
Total cashflows from investing activities -42.54100M -306.70400M -13.15600M -63.84400M -45.59000M
Net borrowings 8.42M 247.62M -37.00500M 13.44M -19.39500M
Total cash from financing activities -60.15400M 204.75M -84.35700M -3.93500M -60.16400M
Change to operating activities -3.76600M 17.42M 7.88M 3.32M 0.42M
Net income 74.05M 50.33M 44.52M 40.77M 51.09M
Change in cash -17.28800M -7.66100M 46.11M -3.09900M -18.01400M
Begin period cash flow 117.39M 125.05M 78.94M 82.04M 100.06M
End period cash flow 100.11M 117.39M 125.05M 78.94M 82.04M
Total cash from operating activities 90.78M 94.62M 140.24M 63.25M 89.65M
Issuance of capital stock - - - - -
Depreciation 53.16M 43.39M 38.29M 38.28M 37.05M
Other cashflows from investing activities -22.89800M -2.00000M -2.63200M -53.10100M -30.93200M
Dividends paid - - - - -
Change to inventory -48.54700M -19.07800M 22.10M -7.39700M -15.60300M
Change to account receivables -23.24600M -25.35500M 18.03M -3.60000M -1.15600M
Sale purchase of stock -10.00000M 0.00000M -5.50000M -10.00000M -5.85000M
Other cashflows from financing activities 8.88M 237.13M -43.46600M 56.76M 20.33M
Change to netincome 7.52M 27.91M 17.70M 10.37M 4.43M
Capital expenditures 19.64M 19.98M 10.52M 10.74M 14.66M
Change receivables -23.24600M -25.35500M 18.03M -3.60000M -1.15600M
Cash flows other operating -2.98200M -5.54100M 8.07M 4.59M 2.59M
Exchange rate changes - - - 1.43M -1.90700M
Cash and cash equivalents changes -11.91600M -7.32600M 42.73M -3.09900M -18.01400M
Change in working capital -44.73700M -27.00900M 39.54M -27.44100M -2.93200M
Stock based compensation 23.11M 25.61M 23.12M 9.34M 7.71M
Other non cash items 3.85M 6.25M -1.12000M 6.63M 2.79M
Free cash flow 71.14M 74.65M 129.72M 52.51M 74.99M

Peer Comparison

Sector: Technology Industry: Scientific & Technical Instruments

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
NOVT
Novanta Inc		 -4.12 3.24% 123.14 85.74 - 6.64 8.69 6.98 36.19
KYCCF
Keyence		 19.74 5.35% 388.75 41.66 38.76 0.11 5.69 0.10 0.19
HXGBY
Hexagon AB ADR		 -0.13 1.22% 10.54 33.46 33.33 6.00 2.83 6.50 29.28
HXGBF
Hexagon AB (publ)		 0.01 0.09% 10.90 33.03 32.15 5.73 2.79 6.64 29.93
KEYS
Keysight Technologies Inc		 3.52 1.25% 285.54 26.94 21.64 5.05 5.89 4.94 16.38

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Profile

Novanta Inc., together with its subsidiaries, provides precision medicine and manufacturing, medical solutions, and robotics and automation solutions in the United States and internationally. The company operates through three segments: Precision Medicine and Manufacturing, Medical Solutions, and Robotics and Automation. The Precision Medicine and Manufacturing segment offers photonics-based solutions, including laser scanning, beam delivery, CO2 laser, solid state laser, ultrafast laser, and optical light engine products serving photonics-based applications for industrial processing, metrology, medical and life science imaging, DNA sequencing, and medical laser procedures. The Medical Solutions segment provides a range of medical grade technologies, including medical insufflators, pumps, and related disposables; visualization solutions; wireless technologies, video recorders, and video integration technologies for operating room integrations; optical data collection and machine vision technologies; radio frequency identification technologies; thermal chart recorders; spectrometry technologies; and embedded touch screen solutions. The Robotics and Automation segment offers optical and inductive encoders, precision motors, servo drives and motion control solutions, integrated stepper motors, intelligent robotic end-of-arm technology solutions, air bearings, and air bearing spindles. The company sells its products through its direct sales force and distributors under the Cambridge Technology, Synrad, Laser Quantum, ARGES, WOM, NDS, Med X Change, Reach Technology, JADAK, ThingMagic, Photo Research, General Scanning, ATI Industrial Automation, Celera Motion, IMS, MicroE, Applimotion, Zettlex, Ingenia, and Westwind brands. The company was formerly known as GSI Group, Inc. and changed its name to Novanta Inc. in May 2016. Novanta Inc. was incorporated in 1968 and is headquartered in Bedford, Massachusetts.

Novanta Inc

125 Middlesex Turnpike, Bedford, MA, United States, 01730

Key Executives

Name Title Year Born
Mr. Matthijs Glastra CEO & Chairman 1969
Mr. Robert J. Buckley Chief Financial Officer 1974
Mr. Brian S. Young Chief HR Officer 1969
Mr. Peter L. Chang Corp. Controller & Chief Accounting Officer 1965
Ms. Sarah Betadam Chief Information Officer NA
Ms. Michele Davis Michele Welsh Gen. Counsel & Corp. Sec. NA
Mr. Charlie Webster Exec. VP of Novanta Growth System & Global Supply Chain NA
Mr. Chuck Ravetto Group Pres of Automation Enabling Technologies Group NA
Mr. Heinrich Dreyer Group Pres of Vision NA
Mr. Ray Nash Corp. Fin. Leader NA

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