Is There Now An Opportunity In Novanta Inc. (NASDAQ:NOVT)?
Is There Now An Opportunity In Novanta Inc. (NASDAQ:NOVT)?
Novanta Inc. (NASDAQ:NOVT), might not be a large cap stock, but it saw a double-digit share price rise of over 10% in the past couple of months on the NASDAQGS. As a well-established company, which tends to be well-covered by analysts, you could assume any recent changes in the company's outlook is already priced into the stock. However, what if the stock is still a bargain? Today I will analyse the most recent data on Novanta's outlook and valuation to see if the opportunity still exists.
Novanta Inc.(納斯達克股票代碼:NOVT)可能不是大盤股,但在過去幾個月中,納斯達克指數的股價上漲了兩位數,漲幅超過10%。作爲一家知名公司,往往會被分析師廣泛報道,你可以假設該公司最近前景的任何變化都已經計入了股票的價格。但是,如果股票仍然很便宜怎麼辦?今天,我將分析有關Novanta前景和估值的最新數據,看看機會是否仍然存在。
Check out our latest analysis for Novanta
看看我們對 Novanta 的最新分析
Is Novanta Still Cheap?
Novanta 還便宜嗎?
Novanta appears to be expensive according to my price multiple model, which makes a comparison between the company's price-to-earnings ratio and the industry average. I've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 66.98x is currently well-above the industry average of 18.73x, meaning that it is trading at a more expensive price relative to its peers. If you like the stock, you may want to keep an eye out for a potential price decline in the future. Given that Novanta's share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. This is based on its high beta, which is a good indicator for share price volatility.
根據我的價格倍數模型,Novanta似乎很昂貴,該模型將公司的市盈率與行業平均水平進行了比較。在這種情況下,我之所以使用市盈率,是因爲沒有足夠的知名度來預測其現金流。該股的66.98倍比率目前遠高於行業平均水平的18.73倍,這意味着與同行相比,它的交易價格更昂貴。如果你喜歡這隻股票,你可能需要留意未來可能出現的價格下跌。鑑於Novanta的股票波動性相當大(即相對於其他市場,其價格變動幅度有所放大),這可能意味着價格可能會下跌,從而爲我們提供了將來又一次買入的機會。這是基於其高貝塔值,這是衡量股價波動的良好指標。
What does the future of Novanta look like?
諾萬塔的未來會是什麼樣子?
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231119/0-d9c6bf95a9ab2a50840e3e73bcd7bbc0-0-79a21538aa20698dd5ba30edc62ac753.png/big)
Investors looking for growth in their portfolio may want to consider the prospects of a company before buying its shares. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to grow by 33% over the next couple of years, the future seems bright for Novanta. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.
尋求投資組合增長的投資者可能需要在購買公司股票之前考慮公司的前景。儘管價值投資者會爭辯說,最重要的是相對於價格的內在價值,但更有說服力的投資論點是以低廉的價格獲得高增長潛力。預計未來幾年利潤將增長33%,諾萬塔的前景似乎一片光明。看來該股有更高的現金流,這應該會促進股票估值的提高。
What This Means For You
這對你意味着什麼
Are you a shareholder? NOVT's optimistic future growth appears to have been factored into the current share price, with shares trading above industry price multiples. At this current price, shareholders may be asking a different question – should I sell? If you believe NOVT should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. But before you make this decision, take a look at whether its fundamentals have changed.
你是股東嗎?NOVT樂觀的未來增長似乎已被納入當前股價,股票交易價格高於行業價格倍數。以目前的價格,股東們可能會問另一個問題——我應該賣出嗎?如果您認爲NOVT的交易價格應該低於其當前價格,那麼當其價格跌至行業市盈率時,高價賣出並再次回購可能是有利可圖的。但是在你做出這個決定之前,先看看它的基本面是否發生了變化。
Are you a potential investor? If you've been keeping tabs on NOVT for some time, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the positive outlook is encouraging for NOVT, which means it's worth diving deeper into other factors in order to take advantage of the next price drop.
你是潛在的投資者嗎?如果你關注NOVT已有一段時間了,那麼現在可能不是進入該股的最佳時機。價格已經超過了業內同行,這意味着錯誤定價可能沒有更多的好處。但是,對於NOVT來說,樂觀的前景令人鼓舞,這意味着值得更深入地研究其他因素,以利用下一次價格下跌的機會。
So while earnings quality is important, it's equally important to consider the risks facing Novanta at this point in time. For example - Novanta has 1 warning sign we think you should be aware of.
因此,儘管收益質量很重要,但考慮諾萬塔此時面臨的風險同樣重要。例如,Novanta 有 1 個警告標誌,我們認爲你應該注意。
If you are no longer interested in Novanta, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
如果您不再對Novanta感興趣,可以使用我們的免費平台查看我們列出的其他50多隻具有高增長潛力的股票清單。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。