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 $5.6B against $5.0B — 1.1× the size. Sensata Technologies Holding N.V. trades at the lower P/E: 15.6× against 84.6×. Novanta Inc. grew revenue faster over the last twelve months: 7.61% against 4.12%. Sensata Technologies Holding N.V. has the higher net margin (9.53% vs 6.00%) and the higher return on invested capital (7.39% vs 5.12%). Across the 22 metrics below, Sensata Technologies Holding N.V. leads on 14 and Novanta Inc. on 8.

Valuation

Metric NOVT ST Scientific & Technical Instruments median
P/E 84.55 15.58 28.21
P/S 5.35 1.48 4.46
P/B 3.41 1.86 3.10
Price to free cash flow 50.54 8.89 24.15
EV/EBITDA 32.65 9.41 18.28
EV/Sales 4.88 1.97 4.64
Earnings yield 1.18% 6.42% 0.68%
Free cash flow yield 1.98% 11.24% 1.98%

Profitability

Metric NOVT ST Scientific & Technical Instruments median
Gross margin 44.54% 30.83% 47.24%
Operating margin 8.96% 15.14% 8.96%
Net margin 6.00% 9.53% 1.92%
Free cash flow margin 10.59% 16.67% 10.59%
Return on equity 5.11% 12.67% 2.66%
Return on assets 3.38% 5.33% 1.12%
Return on invested capital 5.12% 7.39% 4.79%

Growth

Metric NOVT ST Scientific & Technical Instruments median
Revenue growth (TTM) 7.61% 4.12% 9.26%
EPS growth (last fiscal year) (16.95%) (75.29%) 13.24%
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 0.79 0.00
Current ratio 4.57 2.39 2.30
Net debt to EBITDA (0.83) 3.14 0.45

Dividend

Metric NOVT ST Scientific & Technical Instruments median
Dividend yield — 1.22% 0.62%
Payout ratio — 0.19 0.22

Size

Metric NOVT ST Scientific & Technical Instruments median
Market cap 4.99b 5.61b 549.07m

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