Novanta Inc. (NOVT) vs Vishay Precision Group, Inc. (VPG)

Novanta Inc. and Vishay Precision Group, Inc. are both Scientific & Technical Instruments companies. Novanta Inc. is the larger, with a market value of $5.4B against $913.4M — 5.9× the size. Novanta Inc. trades at the lower P/E: 90.6× against 239×. Vishay Precision Group, Inc. grew revenue faster over the last twelve months: 11.3% against 7.61%. Novanta Inc. has the higher net margin (6.00% vs 1.20%) and the higher return on invested capital (5.12% vs 2.58%). Across the 22 metrics below, Novanta Inc. leads on 15 and Vishay Precision Group, Inc. on 7.

Valuation

Metric NOVT VPG Scientific & Technical Instruments median
P/E 90.57 238.77 35.93
P/S 5.74 2.90 4.46
P/B 3.65 2.87 3.00
Price to free cash flow 54.14 255.05 24.96
EV/EBITDA 35.20 33.57 19.60
EV/Sales 5.26 2.82 4.98
Earnings yield 1.10% 0.42% 0.53%
Free cash flow yield 1.85% 0.39% 1.12%

Profitability

Metric NOVT VPG Scientific & Technical Instruments median
Gross margin 44.54% 38.68% 45.75%
Operating margin 8.96% 3.42% 7.34%
Net margin 6.00% 1.20% 1.56%
Free cash flow margin 10.59% 1.14% 5.84%
Return on equity 5.11% 1.19% 2.87%
Return on assets 3.38% 0.86% 0.99%
Return on invested capital 5.12% 2.58% 3.88%

Growth

Metric NOVT VPG Scientific & Technical Instruments median
Revenue growth (TTM) 7.61% 11.28% 11.28%
EPS growth (last fiscal year) (16.95%) (45.95%) —
Revenue growth, 5-year CAGR 10.67% 2.63% 7.89%
Net income growth, 5-year CAGR 3.87% (13.27%) 0.00%

Health

Metric NOVT VPG Scientific & Technical Instruments median
Debt to equity 0.14 0.05 0.00
Current ratio 4.57 4.15 2.24
Net debt to EBITDA (0.83) (2.24) 0.44

Dividend

Metric NOVT VPG Scientific & Technical Instruments median
Dividend yield — — 0.72%
Payout ratio 0.00 0.00 0.00

Size

Metric NOVT VPG Scientific & Technical Instruments median
Market cap 5.35b 913.38m 483.67m

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