Accuray Incorporated (ARAY) vs Nortech Systems Incorporated (NSYS)

Accuray Incorporated and Nortech Systems Incorporated are both Medical Devices companies. Nortech Systems Incorporated is the larger, with a market value of $32.1M against $27.8M — 1.2× the size. Accuray Incorporated has negative trailing earnings, so its P/E is not meaningful; Nortech Systems Incorporated trades at 30.5×. Nortech Systems Incorporated grew revenue faster over the last twelve months: 6.00% against −12.3%. Nortech Systems Incorporated has the higher net margin (0.83% vs −12.2%) and the higher return on invested capital (4.32% vs −11.3%). Across the 18 metrics below, Nortech Systems Incorporated leads on 14 and Accuray Incorporated on 4.

Valuation

Metric ARAY NSYS Medical Devices median
P/E n/m 30.49 22.18
P/S 0.07 0.25 2.70
P/B 0.65 0.90 2.46
Price to free cash flow n/m 11.07 22.53
EV/EBITDA n/m 8.70 11.78
EV/Sales 0.33 0.26 2.38
Earnings yield (181.82%) 3.28% (8.22%)
Free cash flow yield (47.85%) 9.04% (7.80%)

Profitability

Metric ARAY NSYS Medical Devices median
Gross margin 27.73% 16.44% 56.01%
Operating margin (6.58%) 2.02% (15.03%)
Net margin (12.24%) 0.83% (20.40%)
Free cash flow margin (3.19%) 2.36% (7.24%)
Return on equity (80.08%) 3.02% (15.32%)
Return on assets (10.77%) 1.33% (19.72%)
Return on invested capital (11.25%) 4.32% (10.33%)

Growth

Metric ARAY NSYS Medical Devices median
Revenue growth (TTM) (12.34%) 6.00% 8.80%
EPS growth (last fiscal year) (2,480.65%) 80.85% —
Revenue growth, 5-year CAGR 0.28% 2.60% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ARAY NSYS Medical Devices median
Debt to equity 3.51 0.07 0.07
Current ratio 1.50 1.78 2.50
Net debt to EBITDA (10.10) (0.45) 0.49

Dividend

Metric ARAY NSYS Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric ARAY NSYS Medical Devices median
Market cap 27.82m 32.05m 172.91m

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