Ituran Location and Control Ltd. (ITRN) vs Novanta Inc. (NOVT)

Ituran Location and Control Ltd. and Novanta Inc. are both Scientific & Technical Instruments companies. Novanta Inc. is the larger, with a market value of $5.4B against $1.0B — 5.2× the size. Ituran Location and Control Ltd. trades at the lower P/E: 16.0× against 90.6×. Ituran Location and Control Ltd. grew revenue faster over the last twelve months: 15.8% against 7.61%. Ituran Location and Control Ltd. has the higher net margin (16.3% vs 6.00%) and the higher return on invested capital (44.0% vs 5.12%). Across the 22 metrics below, Ituran Location and Control Ltd. leads on 19 and Novanta Inc. on 3.

Valuation

Metric ITRN NOVT Scientific & Technical Instruments median
P/E 15.98 90.57 35.93
P/S 2.60 5.74 4.46
P/B 4.54 3.65 3.00
Price to free cash flow 12.72 54.14 24.96
EV/EBITDA 8.76 35.20 19.60
EV/Sales 2.34 5.26 4.98
Earnings yield 6.26% 1.10% 0.53%
Free cash flow yield 7.86% 1.85% 1.12%

Profitability

Metric ITRN NOVT Scientific & Technical Instruments median
Gross margin 49.95% 44.54% 45.75%
Operating margin 21.83% 8.96% 7.34%
Net margin 16.28% 6.00% 1.56%
Free cash flow margin 20.47% 10.59% 5.84%
Return on equity 30.72% 5.11% 2.87%
Return on assets 16.57% 3.38% 0.99%
Return on invested capital 44.04% 5.12% 3.88%

Growth

Metric ITRN NOVT Scientific & Technical Instruments median
Revenue growth (TTM) 15.79% 7.61% 11.28%
EPS growth (last fiscal year) 8.15% (16.95%) —
Revenue growth, 5-year CAGR 7.89% 10.67% 7.89%
Net income growth, 5-year CAGR 29.17% 3.87% 0.00%

Health

Metric ITRN NOVT Scientific & Technical Instruments median
Debt to equity 0.00 0.14 0.00
Current ratio 2.03 4.57 2.24
Net debt to EBITDA (1.12) (0.83) 0.44

Dividend

Metric ITRN NOVT Scientific & Technical Instruments median
Dividend yield 2.66% — 0.72%
Payout ratio 0.27 0.00 0.00

Size

Metric ITRN NOVT Scientific & Technical Instruments median
Market cap 1.03b 5.35b 483.67m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack