AdaptHealth Corp. (AHCO) vs SiBone (SIBN)

AdaptHealth Corp. and SiBone are both Medical Devices companies. AdaptHealth Corp. and SiBone are of similar size ($1.1B and $1.0B). SiBone grew revenue faster over the last twelve months: 14.0% against 10.8%. SiBone has the higher net margin (−6.20% vs −11.8%) and the lower return on invested capital (−14.1% vs −6.74%). Across the 18 metrics below, SiBone leads on 10 and AdaptHealth Corp. on 8.

Valuation

Metric AHCO SIBN Medical Devices median
P/E n/m n/m 25.58
P/S 0.29 4.92 2.54
P/B 0.82 5.88 2.48
Price to free cash flow 12.06 n/m 28.81
EV/EBITDA 4.92 n/m 11.51
EV/Sales 0.82 4.43 2.72
Earnings yield (40.57%) (1.28%) (12.82%)
Free cash flow yield 8.29% (0.39%) (8.18%)

Profitability

Metric AHCO SIBN Medical Devices median
Gross margin 15.83% 79.40% 57.76%
Operating margin (9.57%) (7.57%) (15.07%)
Net margin (11.81%) (6.20%) (14.45%)
Free cash flow margin 2.42% (1.90%) (3.88%)
Return on equity (28.46%) (7.67%) (10.35%)
Return on assets (9.48%) (5.57%) (17.26%)
Return on invested capital (6.74%) (14.10%) (5.27%)

Growth

Metric AHCO SIBN Medical Devices median
Revenue growth (TTM) 10.81% 13.99% 10.41%
EPS growth (last fiscal year) (185.25%) 41.33% 28.17%
Revenue growth, 5-year CAGR 24.83% 22.32% 15.74%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AHCO SIBN Medical Devices median
Debt to equity 1.54 0.19 0.04
Current ratio 1.13 7.58 2.74
Net debt to EBITDA 2.74 5.76 0.54

Dividend

Metric AHCO SIBN Medical Devices median
Dividend yield — — 1.02%
Payout ratio — — 0.37

Size

Metric AHCO SIBN Medical Devices median
Market cap 1.01b 1.09b 239.53m

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