NOVT Valuation

Novanta Inc

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113.140

-2.53(-2.187%)1D

Overview
Forecast
Valuation
Earnings

NOVT Relative Valuation

NOVT's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, NOVT is overvalued; if below, it's undervalued.

Historical Valuation

Novanta Inc (NOVT) is now in the Undervalued zone, suggesting that its current forward PE ratio of 32.35 is considered Undervalued compared with the five-year average of 48.79. The fair price of Novanta Inc (NOVT) is between 139.36 to 178.74 according to relative valuation methord. Compared to the current price of 113.14 USD , Novanta Inc is Undervalued By 18.81%.

Relative Value

Fair Zone

139.36-178.74

Current Price：113.14

18.81%

Undervalued

32.35

Trailing

Forward

19.25

EV/EBITDA

Novanta Inc. (NOVT) has a current EV/EBITDA of 19.25. The 5-year average EV/EBITDA is 29.28. The thresholds are as follows: Strongly Undervalued below 20.93, Undervalued between 20.93 and 25.10, Fairly Valued between 33.45 and 25.10, Overvalued between 33.45 and 37.62, and Strongly Overvalued above 37.62. The current Forward EV/EBITDA of 19.25 falls within the Strongly Undervalued range.

24.59

EV/EBIT

Novanta Inc. (NOVT) has a current EV/EBIT of 24.59. The 5-year average EV/EBIT is 37.48. The thresholds are as follows: Strongly Undervalued below 25.92, Undervalued between 25.92 and 31.70, Fairly Valued between 43.26 and 31.70, Overvalued between 43.26 and 49.04, and Strongly Overvalued above 49.04. The current Forward EV/EBIT of 24.59 falls within the Strongly Undervalued range.

4.12

Novanta Inc. (NOVT) has a current PS of 4.12. The 5-year average PS is 6.03. The thresholds are as follows: Strongly Undervalued below 4.42, Undervalued between 4.42 and 5.22, Fairly Valued between 6.83 and 5.22, Overvalued between 6.83 and 7.64, and Strongly Overvalued above 7.64. The current Forward PS of 4.12 falls within the Strongly Undervalued range.

0.00

P/OCF

Novanta Inc. (NOVT) has a current P/OCF of 0.00. The 5-year average P/OCF is 32.05. The thresholds are as follows: Strongly Undervalued below 0.05, Undervalued between 0.05 and 16.05, Fairly Valued between 48.05 and 16.05, Overvalued between 48.05 and 64.05, and Strongly Overvalued above 64.05. The current Forward P/OCF of 0.00 falls within the Strongly Undervalued range.

0.00

P/FCF

Novanta Inc. (NOVT) has a current P/FCF of 0.00. The 5-year average P/FCF is 44.32. The thresholds are as follows: Strongly Undervalued below 10.68, Undervalued between 10.68 and 27.50, Fairly Valued between 61.14 and 27.50, Overvalued between 61.14 and 77.96, and Strongly Overvalued above 77.96. The current Forward P/FCF of 0.00 falls within the Strongly Undervalued range.

Novanta Inc (NOVT) has a current Price-to-Book (P/B) ratio of 5.11. Compared to its 3-year average P/B ratio of 8.40 , the current P/B ratio is approximately -39.19% higher. Relative to its 5-year average P/B ratio of 8.95, the current P/B ratio is about -42.94% higher. Novanta Inc (NOVT) has a Forward Free Cash Flow (FCF) yield of approximately 2.83%. Compared to its 3-year average FCF yield of 1.88%, the current FCF yield is approximately 50.48% lower. Relative to its 5-year average FCF yield of 1.99% , the current FCF yield is about 42.57% lower.

5.11

P/B

Median3y

8.40

Median5y

8.95

2.83

FCF Yield

Median3y

1.88

Median5y

1.99

Competitors Valuation Multiple

The average P/S ratio for NOVT's competitors is 3.99, providing a benchmark for relative valuation. Novanta Inc Corp (NOVT) exhibits a P/S ratio of 4.12, which is 3.17% above the industry average. Given its robust revenue growth of 2.20%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Sensata Technologies Holding PLC

ESCO Technologies Inc

Performance Decomposition

Market capitalization of NOVT decreased by 38.27% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 52.85 to 67.35.

The secondary factor is the Revenue Growth, contributed 2.20%to the performance.

Overall, the performance of NOVT in the past 1 year is driven by P/E Change. Which is more unsustainable.

2.20%

235.86M → 241.05M

Revenue Growth

-67.92%

5.83 → 1.87

Margin Expansion

27.45%

52.85 → 67.35

P/E Change

-38.27%