Alcon (ALC) vs Repligen Corporation (RGEN)

Alcon and Repligen Corporation are both Medical Instruments & Supplies companies. Alcon is the larger, with a market value of $32.1B against $11.7B — 2.7× the size. Alcon trades at the lower P/E: 50.5× against 234×. Repligen Corporation grew revenue faster over the last twelve months: 16.5% against 8.34%. Alcon has the higher net margin (5.92% vs 5.29%) and the higher return on invested capital (2.38% vs 2.18%). Across the 22 metrics below, Alcon leads on 17 and Repligen Corporation on 5.

Valuation

Metric ALC RGEN Medical Instruments & Supplies median
P/E 50.52 233.60 33.75
P/S 2.97 12.59 2.52
P/B 1.49 4.68 2.48
Price to free cash flow 20.21 161.81 25.19
EV/EBITDA 12.97 60.20 14.62
EV/Sales 3.27 12.35 2.88
Earnings yield 1.98% 0.43% (2.67%)
Free cash flow yield 4.95% 0.62% 0.09%

Profitability

Metric ALC RGEN Medical Instruments & Supplies median
Gross margin 56.85% 53.52% 54.29%
Operating margin 8.73% 8.23% 1.07%
Net margin 5.92% 5.29% (1.61%)
Free cash flow margin 14.68% 14.06% 1.08%
Return on equity 2.94% 1.99% (1.32%)
Return on assets 2.06% 1.42% 0.00%
Return on invested capital 2.38% 2.18% 0.00%

Growth

Metric ALC RGEN Medical Instruments & Supplies median
Revenue growth (TTM) 8.34% 16.49% 8.85%
EPS growth (last fiscal year) (3.41%) 286.96% 8.65%
Revenue growth, 5-year CAGR 8.77% 15.05% 9.17%
Net income growth, 5-year CAGR 0.00% (3.99%) 0.00%

Health

Metric ALC RGEN Medical Instruments & Supplies median
Debt to equity 0.22 0.26 0.10
Current ratio 2.09 9.05 2.48
Net debt to EBITDA 1.23 (1.50) 0.89

Dividend

Metric ALC RGEN Medical Instruments & Supplies median
Dividend yield 0.53% — 1.11%
Payout ratio 0.27 — 0.27

Size

Metric ALC RGEN Medical Instruments & Supplies median
Market cap 32.10b 11.69b 619.84m

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