Novanta Stock Probability Of Bankruptcy
| 1GSN Stock | EUR 147.00 0.00 0.00% |
Novanta |
Novanta Company chance of financial distress Analysis
Novanta's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Novanta Probability Of Bankruptcy | Less than 9% |
Most of Novanta's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Novanta is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Novanta probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Novanta odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Novanta financial health.
The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
| Competition |
Based on the latest financial disclosure, Novanta has a Probability Of Bankruptcy of 9.0%. This is 77.76% lower than that of the Technology sector and 74.15% lower than that of the Scientific & Technical Instruments industry. The probability of bankruptcy for all Germany stocks is 77.4% higher than that of the company.
Novanta Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Novanta's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Novanta could also be used in its relative valuation, which is a method of valuing Novanta by comparing valuation metrics of similar companies.Novanta is rated below average in probability of bankruptcy category among its peers.
Novanta Fundamentals
| Return On Equity | 0.14 | |||
| Return On Asset | 0.0534 | |||
| Current Valuation | 5.53 B | |||
| Shares Outstanding | 35.69 M | |||
| Shares Owned By Insiders | 0.85 % | |||
| Shares Owned By Institutions | 99.15 % | |||
| Price To Earning | 134.04 X | |||
| Price To Book | 9.99 X | |||
| Price To Sales | 5.73 X | |||
| Revenue | 706.79 M | |||
| Gross Profit | 378.47 M | |||
| EBITDA | 125.47 M | |||
| Net Income | 50.33 M | |||
| Cash And Equivalents | 125.05 M | |||
| Cash Per Share | 3.54 X | |||
| Total Debt | 429.36 M | |||
| Debt To Equity | 0.53 % | |||
| Current Ratio | 2.66 X | |||
| Book Value Per Share | 15.19 X | |||
| Cash Flow From Operations | 94.62 M | |||
| Earnings Per Share | 1.91 X | |||
| Target Price | 145.0 | |||
| Number Of Employees | 2.7 K | |||
| Beta | 1.31 | |||
| Market Capitalization | 4.91 B | |||
| Total Asset | 1.23 B | |||
| Z Score | 6.6 | |||
| Net Asset | 1.23 B |
About Novanta Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Novanta's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Novanta using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Novanta based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Additional Information and Resources on Investing in Novanta Stock
When determining whether Novanta is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Novanta Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Novanta Stock. Highlighted below are key reports to facilitate an investment decision about Novanta Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Novanta. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Novanta Stock please use our How to Invest in Novanta guide.You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.