NOVT - Novanta Inc.
NASDAQ
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Technology
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Scientific & Technical Instruments
Bedford,
United States
Type: Equity
NOVT price evolution
NOVT
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $105.05 | $75.96 | $91.33 | $82.68 |
| Short term investments | ||||
| Net receivables | $139.41 | $143.09 | $144.84 | $141.47 |
| Inventory | $149.37 | $153.81 | $162.9 | $166.67 |
| Total current assets | $415.3 | $391.32 | $414.34 | $404.79 |
| Long term investments | ||||
| Property, plant & equipment | $147.75 | $143.85 | $147.08 | $145.93 |
| Goodwill & intangible assets | $629.53 | $628.74 | $644.37 | $651.35 |
| Total noncurrent assets | $810.76 | $802.96 | $818.38 | $821.02 |
| Total investments | ||||
| Total assets | $1226.06 | $1194.28 | $1232.72 | $1225.82 |
| Current liabilities | ||||
| Accounts payable | $57.2 | $63.98 | $64.65 | $66.01 |
| Deferred revenue | ||||
| Short long term debt | $13.16 | $12.81 | $12.79 | $12.56 |
| Total current liabilities | $139.18 | $138.39 | $135.98 | $142.35 |
| Long term debt | $386.75 | $386.46 | $444.31 | $458.11 |
| Total noncurrent liabilities | $413.42 | $411.03 | $470.71 | $485.44 |
| Total debt | $399.91 | $399.26 | $457.1 | $470.67 |
| Total liabilities | $552.6 | $549.42 | $606.69 | $627.8 |
| Shareholders' equity | ||||
| Retained earnings | $203.46 | $190.95 | $169.73 | $148.85 |
| Other shareholder equity | -$24.04 | -$33.31 | -$25.04 | -$26.71 |
| Total shareholder equity | $673.46 | $644.86 | $626.03 | $598.02 |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $105.05 | $100.11 | $117.39 | $125.05 |
| Short term investments | ||||
| Net receivables | $139.41 | $139.21 | $115.62 | $75.05 |
| Inventory | $149.37 | $168 | $125.66 | $92.74 |
| Total current assets | $415.3 | $420.52 | $373.82 | $304.17 |
| Long term investments | ||||
| Property, plant & equipment | $147.75 | $146.5 | $135.78 | $113.12 |
| Goodwill & intangible assets | $629.53 | $654.66 | $700.49 | $434.5 |
| Total noncurrent assets | $810.76 | $820.69 | $854.06 | $561.01 |
| Total investments | ||||
| Total assets | $1226.06 | $1241.21 | $1227.88 | $865.18 |
| Current liabilities | ||||
| Accounts payable | $57.2 | $75.22 | $68.51 | $42.97 |
| Deferred revenue | ||||
| Short long term debt | $13.16 | $12.59 | $12.43 | $11.7 |
| Total current liabilities | $139.18 | $164.52 | $183.94 | $114.23 |
| Long term debt | $386.75 | $435.31 | $475.06 | $227.73 |
| Total noncurrent liabilities | $413.42 | $499.1 | $522.65 | $274.14 |
| Total debt | $399.91 | $484.06 | $487.49 | $239.43 |
| Total liabilities | $552.6 | $663.63 | $706.59 | $388.37 |
| Shareholders' equity | ||||
| Retained earnings | $203.46 | $130.58 | $56.53 | $6.2 |
| Other shareholder equity | -$24.04 | -$32.01 | -$12.87 | -$12.24 |
| Total shareholder equity | $673.46 | $577.59 | $521.29 | $476.81 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $211.57 | $221.5 | $229.46 | $219.13 |
| Cost of revenue | $115.01 | $119.91 | $125.34 | $121.5 |
| Gross Profit | $96.56 | $101.59 | $104.12 | $97.63 |
| Operating activities | ||||
| Research & development | $23.45 | $22.02 | $23.38 | $22.83 |
| Selling, general & administrative | $41.7 | $39.65 | $42.19 | $40.92 |
| Total operating expenses | $74.88 | $71.28 | $71.92 | $71.32 |
| Operating income | $21.68 | $30.31 | $32.2 | $26.31 |
| Income from continuing operations | ||||
| EBIT | $21.67 | $29.75 | $32.08 | $26.07 |
| Income tax expense | $3.23 | $1.77 | $4.39 | $1.47 |
| Interest expense | $5.92 | $6.76 | $6.81 | $6.33 |
| Net income | ||||
| Net income | $12.51 | $21.22 | $20.88 | $18.27 |
| Income (for common shares) | $12.51 | $21.22 | $20.88 | $18.27 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $881.66 | $860.9 | $706.79 | $590.62 |
| Cost of revenue | $481.76 | $482.43 | $406.46 | $346.11 |
| Gross Profit | $399.9 | $378.47 | $300.33 | $244.52 |
| Operating activities | ||||
| Research & development | $91.68 | $85.77 | $72.52 | $61 |
| Selling, general & administrative | $164.46 | $158.9 | $129.16 | $109.85 |
| Total operating expenses | $289.4 | $275.39 | $236.27 | $188.63 |
| Operating income | $110.5 | $103.08 | $64.05 | $55.89 |
| Income from continuing operations | ||||
| EBIT | $109.57 | $102.78 | $63.56 | $54.97 |
| Income tax expense | $10.87 | $13.11 | $5.84 | $3.88 |
| Interest expense | $25.82 | $15.62 | $7.39 | $6.56 |
| Net income | ||||
| Net income | $72.88 | $74.05 | $50.33 | $44.52 |
| Income (for common shares) | $72.88 | $74.05 | $50.33 | $44.52 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Net income | $12.51 | $21.22 | $20.88 | $18.27 |
| Operating activities | ||||
| Depreciation | $11.55 | $11.4 | $11.94 | $11.73 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $7.21 | $6.04 | $5.88 | $6.47 |
| Total cash flows from operations | $38.99 | $44.64 | $26.2 | $10.24 |
| Investing activities | ||||
| Capital expenditures | -$6.15 | -$6.79 | -$3.33 | -$3.62 |
| Investments | ||||
| Total cash flows from investing | -$6.15 | -$6.79 | -$3.33 | -$3.62 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | ||||
| Net borrowings | -$4.5 | -$51.55 | -$15.19 | -$15.31 |
| Total cash flows from financing | -$5.07 | -$51.96 | -$15.75 | -$25.07 |
| Effect of exchange rate | $1.32 | -$1.25 | $1.54 | $1.01 |
| Change in cash and equivalents | $29.09 | -$15.37 | $8.65 | -$17.43 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $72.88 | $74.05 | $50.33 | $44.52 |
| Operating activities | ||||
| Depreciation | $46.61 | $53.16 | $43.39 | $38.29 |
| Business acquisitions & disposals | -$23.04 | -$286.93 | -$2.63 | |
| Stock-based compensation | $25.59 | $23.11 | $25.61 | $23.12 |
| Total cash flows from operations | $120.08 | $90.78 | $94.63 | $140.24 |
| Investing activities | ||||
| Capital expenditures | -$19.89 | -$19.51 | -$19.78 | -$10.52 |
| Investments | ||||
| Total cash flows from investing | -$19.89 | -$42.54 | -$306.7 | -$13.16 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | -$10 | -$5.5 | ||
| Net borrowings | -$86.55 | $8.42 | $237.99 | -$37.01 |
| Total cash flows from financing | -$97.85 | -$60.15 | $204.75 | -$84.36 |
| Effect of exchange rate | $2.62 | -$5.37 | -$0.34 | $3.38 |
| Change in cash and equivalents | $4.95 | -$17.29 | -$7.66 | $46.11 |
News
Fundamentals
| Market cap | $5.35B |
|---|---|
| Enterprise value | $5.65B |
| Shares outstanding | 35.81M |
| Revenue | $881.66M |
|---|---|
| EBITDA | $156.18M |
| EBIT | $109.57M |
| Net Income | $72.88M |
| Revenue Q/Q | -3.12% |
| Revenue Y/Y | 2.41% |
| P/E ratio | 73.42 |
|---|---|
| EV/Sales | 6.40 |
| EV/EBITDA | 36.15 |
| EV/EBIT | 51.53 |
| P/S ratio | 6.07 |
| P/B ratio | 7.67 |
| Book/Share | 19.48 |
| Cash/Share | 2.93 |
| EPS | $2.03 |
|---|---|
| ROA | 5.97% |
| ROE | 11.47% |
| Debt/Equity | 0.82 |
|---|---|
| Net debt/EBITDA | 2.87 |
| Current ratio | 2.98 |
| Quick ratio | 1.91 |