Equities

Novanta Inc

Novanta Inc

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  • Price (USD)163.50
  • Today's Change1.14 / 0.70%
  • Shares traded72.84k
  • 1 Year change+1.44%
  • Beta1.3402
Data delayed at least 15 minutes, as of May 24 2024 20:51 BST.
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About the company

Novanta Inc. is a supplier of core technology solutions, which give medical and advanced industrial original equipment manufacturers. The Company has three segments. Precision Medicine and Manufacturing segment designs, manufactures and markets photonics-based solutions, including laser scanning, laser beam delivery, carbon dioxide laser, solid state laser, ultrafast laser, and optical light engine products to customers worldwide. Medical Solutions segment designs, manufactures and markets a range of medical grade technologies, including medical insufflators, pumps and related disposables; visualization solutions; wireless technologies, video recorders and video integration technologies, and others. Robotics and Automation segment designs, manufactures and markets optical and inductive encoders, precision motors, servo drives and motion control solutions, integrated stepper motors, intelligent robotic end-of-arm technology solutions, and air bearing spindles to customers worldwide.

  • Revenue in USD (TTM)893.45m
  • Net income in USD69.29m
  • Incorporated--
  • Employees2.90k
  • Location
    Novanta Inc125 Middlesex TurnpikeBEDFORD 01730-1409United StatesUSA
  • Phone+1 (781) 266-5618
  • Fax+1 (781) 266-5114
  • Websitehttps://www.novanta.com/
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
NOVT:NSQ since
announced
Transaction
value
Bearing Engineering IncDeal completed14 Nov 202314 Nov 2023Deal completed31.84%189.00m
Data delayed at least 15 minutes, as of May 24 2024 20:51 BST.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Procept Biorobotics Corp156.33m-103.37m3.43bn626.00--12.99--21.95-2.12-2.123.205.140.46851.814.08249,722.00-30.98---34.68--53.47---66.12--7.44--0.1629--81.55---21.51------
Axonics Inc387.14m-15.95m3.44bn797.00--5.48--8.87-0.3134-0.31347.7612.290.56061.208.53485,744.00-2.31-12.67-2.52-13.7675.2570.04-4.12-29.688.04--0.00--33.86249.0689.80--23.65--
Integer Holdings Corp1.63bn98.09m4.08bn10.50k42.302.6820.512.502.882.8847.8645.520.54524.914.95155,494.603.283.283.533.5326.5426.946.016.402.013.740.43030.0016.035.6238.719.3321.71--
Haemonetics Corporation1.31bn117.56m4.50bn3.66k38.754.6920.963.442.292.2925.4718.900.63392.106.79357,958.705.695.026.576.0753.6951.748.988.111.5018.090.4570.0012.016.231.8716.40-11.04--
TransMedics Group Inc296.92m-10.20m4.53bn584.00--28.334,136.8615.26-0.335-0.3358.964.850.58743.084.93508,422.90-2.02-16.08-2.19-17.9562.4065.37-3.43-40.478.76--0.7607--158.5379.3630.92--225.12--
Inspire Medical Systems Inc660.91m-15.73m4.60bn1.01k--7.80--6.96-0.5374-0.537422.4619.851.053.1410.01653,721.10-2.50-11.27-2.80-12.6084.6584.47-2.38-13.577.25--0.00--53.1965.3252.87--148.37--
Merit Medical Systems Inc1.28bn101.95m4.70bn6.95k46.383.7924.113.661.741.7421.9621.350.642.327.32184,648.805.082.455.652.7746.5444.507.943.914.3811.610.39220.009.247.3326.7015.86-11.16--
Glaukos Corp326.43m-140.87m5.41bn907.00--11.88--16.58-2.88-2.886.689.040.34261.727.74359,905.20-14.78-8.73-15.91-9.3576.1874.77-43.16-28.694.68-38.380.4395--11.2611.66-35.75--14.44--
Lantheus Holdings Inc1.37bn460.53m5.48bn834.0012.065.7910.504.016.556.5519.4213.640.85878.784.711,637,434.0028.966.6934.547.7364.0253.9033.729.024.55--0.37330.0038.6530.441,063.8651.8135.48--
DENTSPLY SIRONA Inc3.94bn-95.00m5.71bn15.00k--1.7522.581.45-0.4468-0.446818.6915.690.53262.946.02262,666.70-1.24-1.14-1.52-1.3252.6153.65-2.34-2.510.96923.290.3908--1.10-0.107186.11---4.549.86
Novanta Inc893.45m69.29m5.83bn2.90k84.498.5549.776.521.921.9224.7718.990.67782.996.11308,086.905.265.465.926.3445.0743.247.767.711.774.420.43190.002.417.49-1.588.214.19--
Stevanato Group SpA1.17bn147.24m6.08bn5.64k36.29--31.695.190.55530.55534.41--------207,886.90--------30.81--12.57----32.91----10.34--1.95------
Masimo Corp1.98bn79.10m6.62bn3.80k85.214.8537.733.351.461.4636.5425.710.65072.015.24519,973.702.608.653.1710.3148.6157.304.0012.031.313.610.39090.000.604219.00-43.21-15.9631.06--
Penumbra Inc1.10bn93.39m7.39bn4.20k80.226.1460.796.752.382.3827.9031.050.73661.035.49260,899.806.282.326.982.6165.0463.908.523.173.51--0.02070.0024.9518.934,643.1668.609.64--
MSA Safety Inc1.80bn266.82m7.45bn5.10k28.107.5122.674.136.736.7345.4925.260.82812.866.45353,467.8012.265.0814.256.0048.0545.2114.817.021.546.500.374765.9117.005.65-67.41-13.664.72-1.10
Data as of May 24 2024. Currency figures normalised to Novanta Inc's reporting currency: US Dollar USD

Institutional shareholders

47.56%Per cent of shares held by top holders
HolderShares% Held
BlackRock Fund Advisorsas of 31 Mar 20243.85m10.75%
The Vanguard Group, Inc.as of 31 Mar 20243.76m10.49%
T. Rowe Price Associates, Inc. (Investment Management)as of 31 Mar 20241.97m5.48%
William Blair Investment Management LLCas of 31 Mar 20241.36m3.80%
Conestoga Capital Advisors LLCas of 31 Mar 20241.30m3.62%
SSgA Funds Management, Inc.as of 31 Mar 20241.26m3.50%
Wasatch Advisors, Inc.as of 31 Mar 2024958.77k2.68%
Neuberger Berman Investment Advisers LLCas of 31 Mar 2024906.90k2.53%
Geode Capital Management LLCas of 31 Mar 2024853.05k2.38%
Macquarie Investment Management Business Trustas of 31 Mar 2024833.66k2.33%
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Data from 31 Mar 2024 - 31 Mar 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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