Novanta Statistics

Share Statistics

Novanta has 35.97M shares outstanding. The number of shares has increased by 0.19% in one year.

Shares Outstanding	35.97M
Shares Change (YoY)	0.19%
Shares Change (QoQ)	0.03%
Owned by Institutions (%)	98.03%
Shares Floating	35.61M
Failed to Deliver (FTD) Shares	890
FTD / Avg. Volume	0.32%

Short Selling Information

The latest short interest is 1.66M, so 4.61% of the outstanding shares have been sold short.

Short Interest	1.66M
Short % of Shares Out	4.61%
Short % of Float	6.15%
Short Ratio (days to cover)	6.76

Valuation Ratios

The PE ratio is 85.7 and the forward PE ratio is 29.48. Novanta's PEG ratio is -6.96.

PE Ratio	85.7
Forward PE	29.48
PS Ratio	5.79
Forward PS	3.9
PB Ratio	7.37
P/FCF Ratio	38.85
PEG Ratio	-6.96

Financial Ratio History

Enterprise Valuation

Novanta has an Enterprise Value (EV) of 5.85B.

EV / Sales	6.16
EV / EBITDA	32.52
EV / EBIT	36.9
EV / FCF	41.38

Financial Position

The company has a current ratio of 2.58, with a Debt / Equity ratio of 0.63.

Current Ratio	2.58
Quick Ratio	1.72
Debt / Equity	0.63
Debt / EBITDA	2.62
Debt / FCF	3.33
Interest Coverage	3.51

Financial Efficiency

Return on Equity is 8.59% and Return on Invested Capital is 7.25%.

Return on Equity	8.59%
Return on Assets	4.62%
Return on Invested Capital	7.25%
Revenue Per Employee	$316.42K
Profits Per Employee	$21.36K
Employee Count	3,000
Asset Turnover	0.68
Inventory Turnover	3.65

Taxes

Income Tax	14.98M
Effective Tax Rate	18.94%

Stock Price Statistics

The stock price has increased by -34.1% in the last 52 weeks. The beta is 1.48, so Novanta's price volatility has been higher than the market average.

Beta	1.48
52-Week Price Change	-34.1%
50-Day Moving Average	125.3
200-Day Moving Average	140.29
Relative Strength Index (RSI)	37.49
Average Volume (20 Days)	275,637

Income Statement

In the last 12 months, Novanta had revenue of 949.25M and earned 64.09M in profits. Earnings per share was 1.78.

Revenue	949.25M
Gross Profit	421.55M
Operating Income	110.58M
Net Income	64.09M
EBITDA	179.86M
EBIT	124.29M
Earnings Per Share (EPS)	1.78

Full Income Statement

Balance Sheet

The company has 113.99M in cash and 471M in debt, giving a net cash position of -357.01M.

Cash & Cash Equivalents	113.99M
Total Debt	471M
Net Cash	-357.01M
Retained Earnings	267.55M
Total Assets	1.51B
Working Capital	280.16M

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 158.51M and capital expenditures -17.16M, giving a free cash flow of 141.35M.

Operating Cash Flow	158.51M
Capital Expenditures	-17.16M
Free Cash Flow	141.35M
FCF Per Share	3.93

Full Cash Flow Statement

Margins

Gross margin is 44.41%, with operating and profit margins of 11.65% and 6.75%.

Gross Margin	44.41%
Operating Margin	11.65%
Pretax Margin	8.33%
Profit Margin	6.75%
EBITDA Margin	18.95%
EBIT Margin	11.65%
FCF Margin	14.89%

Dividends & Yields

NOVT does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Payout Ratio	n/a
Earnings Yield	1.17%
FCF Yield	2.57%

Dividend Details

Analyst Forecast

The average price target for NOVT is $133, which is 17.7% higher than the current price. The consensus rating is "Hold".

Price Target	$133
Price Target Difference	17.7%
Analyst Consensus	Hold
Analyst Count	1

Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value	$12.44
Lynch Upside	-88.99%
Graham Number	28.84
Graham Upside	-74.47%

Stock Splits

The last stock split was on Dec 29, 2010. It was a backward split with a ratio of 1:3.

Last Split Date	Dec 29, 2010
Split Type	backward
Split Ratio	1:3

Scores

Altman Z-Score	4.91
Piotroski F-Score	6

Novanta Inc. (NOVT)