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 $5.4B — 1.1× the size. Sensata Technologies Holding N.V. trades at the lower P/E: 69.2× against 90.6×. 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 90.57 69.16 35.93
P/S 5.74 1.63 4.46
P/B 3.65 2.07 3.00
Price to free cash flow 54.14 10.60 24.96
EV/EBITDA 35.20 10.85 19.60
EV/Sales 5.26 2.17 4.98
Earnings yield 1.10% 1.45% 0.53%
Free cash flow yield 1.85% 9.44% 1.12%

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% 11.28%
EPS growth (last fiscal year) (16.95%) (75.29%) —
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 — 1.46% 0.72%
Payout ratio 0.00 0.18 0.00

Size

Metric NOVT ST Scientific & Technical Instruments median
Market cap 5.35b 5.98b 483.67m

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