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 33.92 is considered Undervalued compared with the five-year average of 48.89. The fair price of Novanta Inc (NOVT) is between 153.26 to 193.98 according to relative valuation methord. Compared to the current price of 124.01 USD , Novanta Inc is Undervalued By 19.08%.
Relative Value
Fair Zone
153.26-193.98
Current Price：124.01
19.08%
Undervalued
33.92
PE
1Y
3Y
5Y
Trailing
Forward
19.44
EV/EBITDA
Novanta Inc. (NOVT) has a current EV/EBITDA of 19.44. The 5-year average EV/EBITDA is 29.34. The thresholds are as follows: Strongly Undervalued below 21.09, Undervalued between 21.09 and 25.21, Fairly Valued between 33.47 and 25.21, Overvalued between 33.47 and 37.60, and Strongly Overvalued above 37.60. The current Forward EV/EBITDA of 19.44 falls within the Strongly Undervalued range.
24.74
EV/EBIT
Novanta Inc. (NOVT) has a current EV/EBIT of 24.74. The 5-year average EV/EBIT is 37.57. The thresholds are as follows: Strongly Undervalued below 26.11, Undervalued between 26.11 and 31.84, Fairly Valued between 43.30 and 31.84, Overvalued between 43.30 and 49.03, and Strongly Overvalued above 49.03. The current Forward EV/EBIT of 24.74 falls within the Strongly Undervalued range.
4.31
PS
Novanta Inc. (NOVT) has a current PS of 4.31. The 5-year average PS is 6.04. The thresholds are as follows: Strongly Undervalued below 4.45, Undervalued between 4.45 and 5.24, Fairly Valued between 6.83 and 5.24, Overvalued between 6.83 and 7.63, and Strongly Overvalued above 7.63. The current Forward PS of 4.31 falls within the Strongly Undervalued range.
27.34
P/OCF
Novanta Inc. (NOVT) has a current P/OCF of 27.34. The 5-year average P/OCF is 32.19. The thresholds are as follows: Strongly Undervalued below 0.48, Undervalued between 0.48 and 16.34, Fairly Valued between 48.04 and 16.34, Overvalued between 48.04 and 63.89, and Strongly Overvalued above 63.89. The current Forward P/OCF of 27.34 falls within the Historic Trend Line -Fairly Valued range.
33.13
P/FCF
Novanta Inc. (NOVT) has a current P/FCF of 33.13. The 5-year average P/FCF is 44.66. The thresholds are as follows: Strongly Undervalued below 12.03, Undervalued between 12.03 and 28.35, Fairly Valued between 60.98 and 28.35, Overvalued between 60.98 and 77.29, and Strongly Overvalued above 77.29. The current Forward P/FCF of 33.13 falls within the Historic Trend Line -Fairly Valued range.
Novanta Inc (NOVT) has a current Price-to-Book (P/B) ratio of 5.61. Compared to its 3-year average P/B ratio of 8.44 , the current P/B ratio is approximately -33.54% higher. Relative to its 5-year average P/B ratio of 8.97, the current P/B ratio is about -37.47% higher. Novanta Inc (NOVT) has a Forward Free Cash Flow (FCF) yield of approximately 3.29%. Compared to its 3-year average FCF yield of 1.87%, the current FCF yield is approximately 76.05% lower. Relative to its 5-year average FCF yield of 1.99% , the current FCF yield is about 65.92% lower.
5.61
P/B
Median3y
8.44
Median5y
8.97
3.29
FCF Yield
Median3y
1.87
Median5y
1.99
Competitors Valuation Multiple
The average P/S ratio for NOVT's competitors is 3.80, providing a benchmark for relative valuation. Novanta Inc Corp (NOVT) exhibits a P/S ratio of 4.31, which is 13.60% above the industry average. Given its robust revenue growth of 1.06%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of NOVT decreased by 34.47% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 6.36 to 9.09.
The secondary factor is the Revenue Growth, contributed 1.06%to the performance.
Overall, the performance of NOVT in the past 1 year is driven by Margin Expansion. Which is more sustainable.
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