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Novanta (NOVT)

(Delayed Data from NSDQ)

$159.41 USD

159.41
118,492

+3.16 (2.02%)

Updated Apr 26, 2024 04:00 PM ET

After-Market: $159.44 +0.03 (0.02%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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2-Buy of 5   2      

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

F Value B Growth F Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 38% (95 out of 252)

Industry: Electronics - Miscellaneous Components

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Better trading starts here.

Balance Sheet

Research for NOVT

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Novanta Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 105 100 117 125 79
Receivables 148 139 118 78 97
Notes Receivable 0 0 0 0 0
Inventories 149 168 126 93 117
Other Current Assets 13 13 13 8 12
Total Current Assets 415 421 374 304 305
Net Property & Equipment 109 103 87 79 78
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 28 15 12 10 9
Intangibles 630 655 700 435 441
Deposits & Other Assets 6 4 6 3 3
Total Assets 1,226 1,241 1,228 865 870
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 57 75 69 43 53
Current Portion Long-Term Debt 5 5 5 6 5
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 61 63 98 54 70
Income Taxes Payable 8 14 5 6 2
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 139 165 184 114 135
Mortgages 0 0 0 0 0
Deferred Taxes/Income 16 17 34 24 27
Convertible Debt 0 0 0 0 0
Long-Term Debt 349 431 429 195 215
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 10 10 14 22 42
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 553 664 707 388 453
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 424 424 424 424 424
Capital Surplus 70 55 54 59 50
Retained Earnings 203 131 57 6 -38
Other Equity -24 -32 -13 -12 -18
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 673 578 521 477 417
Total Liabilities & Shareholder's Equity 1,226 1,241 1,228 865 870
Total Common Equity 673 578 521 477 417
Shares Outstanding 35.80 35.60 35.60 35.10 35.00
Book Value Per Share 18.81 16.22 14.64 13.58 11.92

Fiscal Year End for Novanta Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 105 76 91 83
Receivables NA 148 148 148 143
Notes Receivable NA 0 0 0 0
Inventories NA 149 154 163 167
Other Current Assets NA 13 13 12 12
Total Current Assets NA 415 391 414 405
Net Property & Equipment NA 109 103 104 104
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 28 25 21 18
Intangibles NA 630 629 644 651
Deposits & Other Assets NA 6 6 6 6
Total Assets NA 1,226 1,194 1,233 1,226
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 57 64 65 66
Current Portion Long-Term Debt NA 5 5 5 5
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 61 54 52 49
Income Taxes Payable NA 8 7 7 14
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities NA 139 138 136 142
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 16 14 16 17
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 349 348 404 419
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 10 10 10
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 553 549 607 628
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 424 424 424 424
Capital Surplus NA 70 63 57 52
Retained Earnings NA 203 191 170 149
Other Equity NA -24 -33 -25 -27
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 673 645 626 598
Total Liabilities & Shareholder's Equity NA 1,226 1,194 1,233 1,226
Total Common Equity 0 673 645 626 598
Shares Outstanding 35.80 35.80 35.80 35.80 35.80
Book Value Per Share 0.00 18.81 18.01 17.49 16.70