Designs and manufactures photonics-based solutions, including lasers and optical light engines. Now — the numbers.
Revenue is spread across several lines; no single product carries the company.
This is an established company with proven profits.
Average growth of 9% a year over the last 4 years. Every year shown ended in profit.
The market pays 97× for every dollar this company earns in a year — a price that already assumes things go well.
Against companies in its own sector, it looks cheaper than 37% of them.
Analysts' average target sits 32% above today's price.
We compared this company with its own sector across five subjects.
A score of 50 means class average.
Profit indicators sit around the sector average.
Debt is low and cash is strong; the finances stand solid.
Clearly below the class average.
Clearly below the class average.
Clearly above the class average — a step short of the very top.
Valuation: The stock trades at a price that looks expensive next to its earnings; that can cap future returns.
Growth: Sales growth trails the sector average.
The stock trades 21% below its peak. The market has trimmed its expectations for the company.
Over the last 4 years, sales grew about 9% a year on average.
There is $380.9M in the vault; even if every debt were paid off, $39.3M would remain.
The company’s market value is 97 times its annual profit. Even a small disappointment could hit the price hard.
Today’s price already includes part of tomorrow’s optimism. Report-card grade: 37/100.
The growth engine is running at low revs right now. Report-card grade: 46/100.
On our five-subject report card, NOVT sits in the middle of the class: some subjects shine, others don’t. The grade moves as the numbers move.
The takeaway: NOVT is an established business that has proven its profits for years. The real debate isn’t the quality of the business — it’s whether the price paid for the stock is too high.
Analysts’ average target sits above today’s price, yet the valuation grade (37/100) says the stock isn’t cheap.