Novanta Inc (1GSN) - Net Assets
Based on the latest financial reports, Novanta Inc (1GSN) has net assets worth €801.48 Million EUR (≈ $937.01 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.51 Billion ≈ $1.76 Billion USD) and total liabilities (€704.34 Million ≈ $823.44 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read Novanta Inc (1GSN) total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €801.48 Million |
| % of Total Assets | 53.23% |
| Annual Growth Rate | 13.18% |
| 5-Year Change | 56.39% |
| 10-Year Change | N/A |
| Growth Volatility | 4.35 |
Novanta Inc - Net Assets Trend (2015–2024)
This chart illustrates how Novanta Inc's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Novanta Inc for the complete picture of this company's asset base.
Annual Net Assets for Novanta Inc (2015–2024)
The table below shows the annual net assets of Novanta Inc from 2015 to 2024. For live valuation and market cap data, see Novanta Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €745.70 Million ≈ $871.80 Million |
+10.73% |
| 2023-12-31 | €673.46 Million ≈ $787.35 Million |
+16.60% |
| 2022-12-31 | €577.59 Million ≈ $675.26 Million |
+10.80% |
| 2021-12-31 | €521.29 Million ≈ $609.44 Million |
+9.33% |
| 2020-12-31 | €476.81 Million ≈ $557.44 Million |
+14.30% |
| 2019-12-31 | €417.17 Million ≈ $487.72 Million |
+13.28% |
| 2018-12-31 | €368.25 Million ≈ $430.53 Million |
+18.20% |
| 2017-12-31 | €311.55 Million ≈ $364.23 Million |
+20.35% |
| 2016-12-31 | €258.87 Million ≈ $302.65 Million |
+5.79% |
| 2015-12-31 | €244.70 Million ≈ $286.08 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Novanta Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 45709900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €267.55 Million | 35.88% |
| Other Components | €478.15 Million | 64.12% |
| Total Equity | €745.70 Million | 100.00% |
Novanta Inc Competitors by Market Cap
The table below lists competitors of Novanta Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bilfinger SE
XETRA:GBF
|
$4.27 Billion |
|
Sydbank A/S
CO:SYDB
|
$4.27 Billion |
|
ENSTAR GROUP LTD DL-01
F:48R
|
$4.27 Billion |
|
E-L Financial Corp Ltd
TO:ELF
|
$4.28 Billion |
|
Flughafen Wien Aktiengesellschaft
VI:FLU
|
$4.26 Billion |
|
Guangdong Electric Power Development Co Ltd
SHE:000539
|
$4.25 Billion |
|
PT Alamtri Resources Indonesia Tbk
JK:ADRO
|
$4.25 Billion |
|
Skyline Corporation
NYSE:SKY
|
$4.25 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Novanta Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 673,460,000 to 745,698,000, a change of 72,238,000 (10.7%).
- Net income of 64,087,000 contributed positively to equity growth.
- Other factors increased equity by 8,151,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €64.09 Million | +8.59% |
| Other Changes | €8.15 Million | +1.09% |
| Total Change | €- | 10.73% |
Book Value vs Market Value Analysis
This analysis compares Novanta Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.92x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 11.33x to 4.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €9.01 | €102.00 | x |
| 2018-12-31 | €10.56 | €102.00 | x |
| 2019-12-31 | €11.90 | €102.00 | x |
| 2020-12-31 | €13.56 | €102.00 | x |
| 2021-12-31 | €14.64 | €102.00 | x |
| 2022-12-31 | €16.17 | €102.00 | x |
| 2023-12-31 | €18.81 | €102.00 | x |
| 2024-12-31 | €20.75 | €102.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Novanta Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.59%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.75%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 1.86x
- Recent ROE (8.59%) is below the historical average (11.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 14.55% | 9.53% | 0.90x | 1.70x | €11.14 Million |
| 2016 | 8.50% | 5.72% | 0.90x | 1.64x | €-3.88 Million |
| 2017 | 19.28% | 11.52% | 0.72x | 2.33x | €28.90 Million |
| 2018 | 13.34% | 7.99% | 0.85x | 1.95x | €12.28 Million |
| 2019 | 9.77% | 6.51% | 0.72x | 2.08x | €-944.20K |
| 2020 | 9.34% | 7.54% | 0.68x | 1.81x | €-3.16 Million |
| 2021 | 9.66% | 7.12% | 0.58x | 2.36x | €-1.80 Million |
| 2022 | 12.82% | 8.60% | 0.69x | 2.15x | €16.29 Million |
| 2023 | 10.82% | 8.27% | 0.72x | 1.82x | €5.53 Million |
| 2024 | 8.59% | 6.75% | 0.68x | 1.86x | €-10.48 Million |
Industry Comparison
This section compares Novanta Inc's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $1,557,688,440
- Average return on equity (ROE) among peers: 8.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Novanta Inc (1GSN) | €801.48 Million | 14.55% | 0.88x | $4.27 Billion |
| Garmin Ltd (GEY) | $6.11 Billion | 17.70% | 0.28x | $40.34 Billion |
| Nynomic AG (M7U) | $50.98 Million | 8.58% | 1.02x | $64.37 Million |
| Plan Optik AG (P4O) | $7.12 Million | 3.52% | 0.42x | $24.36 Million |
| Viscom AG (V6C) | $58.50 Million | 5.30% | 0.52x | $33.32 Million |
About Novanta Inc
Novanta Inc., together with its subsidiaries, provides precision medicine, precision manufacturing, medical solutions, robotics and automation solutions, and advanced surgery solutions in the United States and internationally. It operates in two segments, Automation Enabling Technologies and Medical Solutions. The Precision Medicine and Manufacturing segment designs, manufactures, and markets las… Read more