Novanta Inc. (NOVT) vs Sensata Technologies Holding N.V. (ST)

Novanta Inc. and Sensata Technologies Holding N.V. are both Scientific & Technical Instruments companies. Sensata Technologies Holding N.V. is the larger, with a market value of $6.0B against $5.1B — 1.2× the size. Sensata Technologies Holding N.V. trades at the lower P/E: 66.5× against 81.0×. Novanta Inc. grew revenue faster over the last twelve months: 7.61% against 0.80%. Novanta Inc. has the higher net margin (6.00% vs 2.38%) and the higher return on invested capital (5.12% vs 3.55%). Across the 22 metrics below, Novanta Inc. leads on 13 and Sensata Technologies Holding N.V. on 9.

Valuation

Metric NOVT ST Scientific & Technical Instruments median
P/E 81.00 66.52 33.25
P/S 5.13 1.56 4.50
P/B 3.27 1.99 2.90
Price to free cash flow 48.42 10.19 24.81
EV/EBITDA 31.15 10.54 17.92
EV/Sales 4.65 2.10 4.71
Earnings yield 1.23% 1.50% 0.60%
Free cash flow yield 2.07% 9.81% 1.27%

Profitability

Metric NOVT ST Scientific & Technical Instruments median
Gross margin 44.54% 29.50% 45.75%
Operating margin 8.96% 7.53% 7.34%
Net margin 6.00% 2.38% 1.56%
Free cash flow margin 10.59% 15.34% 5.84%
Return on equity 5.11% 3.08% 2.87%
Return on assets 3.38% 1.30% 0.99%
Return on invested capital 5.12% 3.55% 3.88%

Growth

Metric NOVT ST Scientific & Technical Instruments median
Revenue growth (TTM) 7.61% 0.80% 11.15%
EPS growth (last fiscal year) (16.95%) (75.29%) 11.47%
Revenue growth, 5-year CAGR 10.67% 3.99% 7.89%
Net income growth, 5-year CAGR 3.87% (28.22%) 0.00%

Health

Metric NOVT ST Scientific & Technical Instruments median
Debt to equity 0.14 0.83 0.00
Current ratio 4.57 2.29 2.24
Net debt to EBITDA (0.83) 3.14 0.44

Dividend

Metric NOVT ST Scientific & Technical Instruments median
Dividend yield — 1.18% 0.58%
Payout ratio — 0.80 0.36

Size

Metric NOVT ST Scientific & Technical Instruments median
Market cap 5.10b 6.01b 444.25m

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