NOVANTA INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 165.5 USD | +1.55% |
|
+1.68% | -1.72% |
| May. 07 | Transcript : Novanta Inc., Q1 2024 Earnings Call, May 07, 2024 | |
| May. 07 | Novanta Reports Flat Fiscal Q1 Adjusted Earnings, Revenue Increases; Sets Q2 Guidance | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,102 | 4,157 | 6,277 | 4,849 | 6,031 | 5,941 | - |
| Enterprise Value (EV) 1 | 3,243 | 4,238 | 6,594 | 5,185 | 6,280 | 5,941 | 5,941 |
| P/E ratio | 76.9 x | 94.6 x | 125 x | 66 x | 83.4 x | 78.6 x | 56.4 x |
| Yield | - | - | - | - | - | - | - |
| Capitalization / Revenue | 4.95 x | 7.04 x | 8.88 x | 5.63 x | 6.84 x | 6.06 x | 5.5 x |
| EV / Revenue | 4.95 x | 7.04 x | 8.88 x | 5.63 x | 6.84 x | 6.06 x | 5.5 x |
| EV / EBITDA | 25.7 x | 34.4 x | 41.1 x | 26.3 x | 30.7 x | 27.2 x | 23.7 x |
| EV / FCF | 59.1 x | 32 x | 84.1 x | 68.2 x | 60.2 x | 53 x | 45.4 x |
| FCF Yield | 1.69% | 3.12% | 1.19% | 1.47% | 1.66% | 1.89% | 2.2% |
| Price to Book | 7.54 x | 8.72 x | 12 x | 8.45 x | 9.01 x | - | - |
| Nbr of stocks (in thousands) | 35,074 | 35,161 | 35,600 | 35,690 | 35,810 | 35,894 | - |
| Reference price 2 | 88.44 | 118.2 | 176.3 | 135.9 | 168.4 | 165.5 | 165.5 |
| Announcement Date | 2/26/20 | 3/1/21 | 3/1/22 | 3/1/23 | 2/28/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 626.1 | 590.6 | 706.8 | 860.9 | 881.7 | 980.6 | 1,080 |
| EBITDA 1 | 120.7 | 121 | 152.7 | 184.1 | 196.2 | 218.1 | 251.1 |
| EBIT 1 | 99.57 | 85.25 | 116.9 | 147.5 | 156.6 | 174.6 | 205.8 |
| Operating Margin | 15.9% | 14.43% | 16.54% | 17.13% | 17.76% | 17.81% | 19.05% |
| Earnings before Tax (EBT) 1 | 45.77 | 48.4 | 56.17 | 87.16 | 83.75 | 92.72 | 131.1 |
| Net income 1 | 40.77 | 44.52 | 50.33 | 74.05 | 72.88 | 75.98 | 106 |
| Net margin | 6.51% | 7.54% | 7.12% | 8.6% | 8.27% | 7.75% | 9.81% |
| EPS 2 | 1.150 | 1.250 | 1.410 | 2.060 | 2.020 | 2.105 | 2.935 |
| Free Cash Flow 1 | 52.5 | 129.7 | 74.65 | 71.14 | 100.1 | 112.2 | 130.7 |
| FCF margin | 8.39% | 21.96% | 10.56% | 8.26% | 11.36% | 11.44% | 12.1% |
| FCF Conversion (EBITDA) | 43.48% | 107.21% | 48.87% | 38.63% | 51.02% | 51.44% | 52.06% |
| FCF Conversion (Net income) | 128.77% | 291.36% | 148.32% | 96.06% | 137.37% | 147.65% | 123.3% |
| Dividend per Share | - | - | - | - | - | - | - |
| Announcement Date | 2/26/20 | 3/1/21 | 3/1/22 | 3/1/23 | 2/28/24 | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 199 | 204.2 | 215.4 | 223 | 218.4 | 219.1 | 229.5 | 221.5 | 211.6 | 230.9 | 233.6 | 251.1 | 264.9 |
| EBITDA 1 | 42.61 | 43.59 | 45.04 | 49.38 | 46.11 | 46.98 | 51.72 | 52.22 | 45.3 | 49.69 | 49.59 | 57.46 | 62.1 |
| EBIT 1 | 33.9 | 33.54 | 36.65 | 40 | 37.27 | 36.9 | 42.08 | 42.97 | 34.67 | 40.11 | 39.08 | 45.62 | 49.8 |
| Operating Margin | 17.04% | 16.43% | 17.02% | 17.94% | 17.07% | 16.84% | 18.34% | 19.4% | 16.39% | 17.37% | 16.73% | 18.17% | 18.8% |
| Earnings before Tax (EBT) 1 | 18.84 | 20.7 | 20.75 | 26.77 | 18.94 | 19.74 | 25.27 | 22.99 | 15.75 | 16.92 | 18.53 | 26.29 | 30.98 |
| Net income 1 | 13.75 | 18.82 | 17.48 | 22.49 | 15.26 | 18.26 | 20.88 | 21.22 | 12.51 | 14.68 | 14.97 | 21.26 | 25.06 |
| Net margin | 6.91% | 9.22% | 8.12% | 10.09% | 6.99% | 8.34% | 9.1% | 9.58% | 5.91% | 6.36% | 6.41% | 8.46% | 9.46% |
| EPS 2 | 0.3800 | 0.5300 | 0.4900 | 0.6300 | 0.4200 | 0.5100 | 0.5800 | 0.5900 | 0.3500 | 0.4100 | 0.4200 | 0.5900 | 0.6950 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 3/1/22 | 5/10/22 | 8/9/22 | 11/8/22 | 3/1/23 | 5/9/23 | 8/8/23 | 11/7/23 | 2/28/24 | 5/7/24 | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Net Debt | 141 | 81.6 | 317 | 335 | 249 | - | - |
| Net Cash position | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.171 x | 0.6742 x | 2.076 x | 1.821 x | 1.271 x | - | - |
| Free Cash Flow 1 | 52.5 | 130 | 74.6 | 71.1 | 100 | 112 | 131 |
| ROE (net income / shareholders' equity) | - | - | - | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - |
| Book Value Per Share | 11.70 | 13.60 | 14.60 | 16.10 | 18.70 | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - |
| Capex 1 | 10.7 | 10.5 | 20 | 19.6 | 20 | 25 | 26.5 |
| Capex / Sales | 1.72% | 1.78% | 2.83% | 2.28% | 2.26% | 2.55% | 2.45% |
| Announcement Date | 2/26/20 | 3/1/21 | 3/1/22 | 3/1/23 | 2/28/24 | - | - |
1USD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
165.5
USD
Average target price
178.5
USD
Spread / Average Target
+7.84%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -1.72% | 5.85B | |
| +34.53% | 79.23B | |
| +60.29% | 73.18B | |
| -1.40% | 34.75B | |
| -8.21% | 31.45B | |
| -5.02% | 13.87B | |
| -4.49% | 10.89B | |
| +10.98% | 10.09B | |
| -7.51% | 9.76B | |
| +35.29% | 8.86B |
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- Financials Novanta Inc.