Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Novatech Industries SA is a European electronic manufacturing services provider specializing in the design, industrialization, manufacturing, and assembly of complex electronic boards, systems, sub-assemblies, and products. It offers comprehensive solutions including box build assemblies, power electronics, geolocation devices, medical equipment, and household products, along with after-sale services. The company serves demanding high-tech sectors such as aerospace, avionics, space, defense, naval, railway, transportation, robotics, security, communications-IoT, multimedia, energy, oil and gas, power, agri-food, medical, and general industry. With a focus on medium to large production runs, prototypes, and analyses, Novatech Industries acts as a key subcontractor for electronic components and cards, primarily operating from its base in Lannion, France, where it was incorporated in 1998.
Operating margin is thin at 1.33%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 1.8% YoY. Margins deteriorated 4.0pp alongside, both lines moving the wrong way.
ROIC dropped from 15.59% to 4.89%, capital efficiency is deteriorating. Operating margin contracted 4.0pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
€63M
▼ -1.8% YoY
Net Income (TTM)
€315K
▼ -86.4% YoY
Op. Margin
1.33%
▼ -4.0pp YoY
ROIC
4.89%
▼ -10.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€3M
▲ +172.9% YoY
Op. Cash Flow (TTM)
€5M
▲ +96.5% YoY
Net Debt
-€2M
Net Cash Position
Cash & Equiv.
€6M
3Y CAGR: +9.9%
3Y CAGR: +117.6%
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