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Novanta (Novanta) Cyclically Adjusted Price-to-FCF : 73.09 (As of May. 26, 2024)


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What is Novanta Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), Novanta's current share price is $164.46. Novanta's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $2.25. Novanta's Cyclically Adjusted Price-to-FCF for today is 73.09.

The historical rank and industry rank for Novanta's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

NOVT' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 56.87   Med: 80.07   Max: 105.85
Current: 73.15

During the past years, Novanta's highest Cyclically Adjusted Price-to-FCF was 105.85. The lowest was 56.87. And the median was 80.07.

NOVT's Cyclically Adjusted Price-to-FCF is ranked worse than
76.63% of 933 companies
in the Hardware industry
Industry Median: 30.71 vs NOVT: 73.15

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Novanta's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.731. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $2.25 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Novanta Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Novanta's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Novanta Cyclically Adjusted Price-to-FCF Chart

Novanta Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 72.23 74.66 100.69 69.19 78.76

Novanta Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 79.38 90.16 68.19 78.76 77.74

Competitive Comparison of Novanta's Cyclically Adjusted Price-to-FCF

For the Scientific & Technical Instruments subindustry, Novanta's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Novanta's Cyclically Adjusted Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Novanta's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Novanta's Cyclically Adjusted Price-to-FCF falls into.



Novanta Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Novanta's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=164.46/2.25
=73.09

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Novanta's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Novanta's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.731/131.7762*131.7762
=0.731

Current CPI (Mar. 2024) = 131.7762.

Novanta Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 0.488 100.560 0.639
201409 0.357 100.428 0.468
201412 0.204 99.070 0.271
201503 0.146 99.621 0.193
201506 0.209 100.684 0.274
201509 0.255 100.392 0.335
201512 0.188 99.792 0.248
201603 0.171 100.470 0.224
201606 0.360 101.688 0.467
201609 0.263 101.861 0.340
201612 0.332 101.863 0.429
201703 0.313 102.862 0.401
201706 0.434 103.349 0.553
201709 0.241 104.136 0.305
201712 0.551 104.011 0.698
201803 0.493 105.290 0.617
201806 0.441 106.317 0.547
201809 0.647 106.507 0.801
201812 0.533 105.998 0.663
201903 0.085 107.251 0.104
201906 0.344 108.070 0.419
201909 0.130 108.329 0.158
201912 0.916 108.420 1.113
202003 0.360 108.902 0.436
202006 0.885 108.767 1.072
202009 1.109 109.815 1.331
202012 1.207 109.897 1.447
202103 0.497 111.754 0.586
202106 0.653 114.631 0.751
202109 0.279 115.734 0.318
202112 0.595 117.630 0.667
202203 0.141 121.301 0.153
202206 0.467 125.017 0.492
202209 0.360 125.227 0.379
202212 0.969 125.222 1.020
202303 0.184 127.348 0.190
202306 0.635 128.729 0.650
202309 1.050 129.860 1.065
202312 0.909 129.419 0.926
202403 0.731 131.776 0.731

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Novanta  (NAS:NOVT) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Novanta Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Novanta's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Novanta (Novanta) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Novanta Inc (NAS:NOVT) » Definitions » Cyclically Adjusted Price-to-FCF
Traded in Other Exchanges
Address
125 Middlesex Turnpike, Bedford, MA, USA, 01730
Novanta Inc manufactures photonic and motion-control components for original equipment manufacturers in the medical equipment and industrial technology markets. The firm operates in three segments: photonics, vision, and precision motion. The photonics segment, which sells photonics-based products that include carbon dioxide lasers, laser scanning, super-resolution imaging lasers, and laser beam delivery items. The vision segment sells medical-grade technologies, including visualization solutions, imaging informatics products, and thermal printers contributing the majority of revenue. The precision motion segment sells optical encoders, motion control technology, and precision machined components. The firm generates the majority of its revenue from the United States and Europe.
Executives
Robert Buckley officer: Chief Financial Officer C/O GSI GROUP INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730-1409
Matthijs Glastra officer: Group President,Laser Products C/O GSI GROUP CORPORATION, 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730
Brian S Young officer: Executive VP, Human Resources C/O 25 CORPORATE DRIVE, BURLINGTON MA 01803
Thomas N Secor director GSI GROUP INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730
Barbara B. Hulit director C/O FORTIVE CORPORATION, 6920 SEAWAY BLVD, EVERETT WA 98203
Michele Davis Welsh officer: General Counsel C/O NOVANTA INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730
Solomon Darlene J. S. director 6070 PARKLAND BLVD., MAYFIELD HTS. OH 44124
Peter L Chang officer: Vice President-Corp Controller C/O GSI GROUP INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730
Frank Anders Wilson director C/O CABOT CORPORATION, TWO SEAPORT LANE, SUITE 1300, BOSTON MA 02210
Katherine Ann Owen director 2825 AIRVIEW BLVD., KALAMAZOO MI 49002
Maxine Lum Mauricio director 301 MERRITT SEVEN CORPORATE PARK, 6TH FL, C/O EMCOR GROUP INC., NORWALK CT 06851
Stephen W Bershad director 66 ARROYO HONDO TRAIL, SANTA FE NM 87508
Deborah Disanzo director 7601 PENN AVENUE SOUTH, RICHFIELD MN 55423
Lonny J Carpenter director 2825 AIRVIEW BOULEVARD, KALAMAZOO MI 49002
Brian Douglas King director C/O NOVANTA INC., 125 MIDDLESEX TURNPIKE, BEDFORD MA 01730