Alamar Biosciences, Inc. (ALMR) vs CONMED Corporation (CNMD)

Alamar Biosciences, Inc. and CONMED Corporation are both Medical Devices companies. Alamar Biosciences, Inc. is the larger, with a market value of $1.9B against $1.6B — 1.2× the size. Alamar Biosciences, Inc. has negative trailing earnings, so its P/E is not meaningful; CONMED Corporation trades at 21.7×. CONMED Corporation has the higher net margin (5.36% vs −52.2%) and the higher return on invested capital (4.64% vs −10.1%). Across the 16 metrics below, CONMED Corporation leads on 11 and Alamar Biosciences, Inc. on 5.

Valuation

Metric ALMR CNMD Medical Devices median
P/E n/m 21.71 25.58
P/S 17.83 1.15 2.54
P/B 6.18 1.48 2.48
Price to free cash flow n/m 11.86 28.81
EV/EBITDA n/m 10.84 11.51
EV/Sales 15.55 1.71 2.72
Earnings yield (10.19%) 4.61% (12.82%)
Free cash flow yield (5.87%) 8.43% (8.18%)

Profitability

Metric ALMR CNMD Medical Devices median
Gross margin 58.38% 57.57% 57.76%
Operating margin (46.53%) 9.90% (15.07%)
Net margin (52.19%) 5.36% (14.45%)
Free cash flow margin (104.68%) 9.69% (3.88%)
Return on equity (64.46%) 7.10% (10.35%)
Return on assets (20.81%) 3.17% (17.26%)
Return on invested capital (10.07%) 4.64% (5.27%)

Growth

Metric ALMR CNMD Medical Devices median
Revenue growth (TTM) — 1.62% 10.41%
EPS growth (last fiscal year) 34.77% (64.47%) 28.17%
Revenue growth, 5-year CAGR — 9.77% 15.74%
Net income growth, 5-year CAGR — 37.66% 0.00%

Health

Metric ALMR CNMD Medical Devices median
Debt to equity 0.00 0.77 0.04
Current ratio 9.49 1.49 2.74
Net debt to EBITDA 0.74 4.35 0.54

Dividend

Metric ALMR CNMD Medical Devices median
Dividend yield — 0.00% 1.02%
Payout ratio — 0.00 0.37

Size

Metric ALMR CNMD Medical Devices median
Market cap 1.87b 1.57b 239.53m

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