Accuray Incorporated (ARAY) vs Flag Ship Acquisition Corp (PMI)

Accuray Incorporated and Flag Ship Acquisition Corp are both Medical Devices companies. Flag Ship Acquisition Corp is the larger, with a market value of $19.3M against $14.8M — 1.3× the size. Flag Ship Acquisition Corp grew revenue faster over the last twelve months: 45.5% against −12.5%. Accuray Incorporated has the higher net margin (−4.41% vs −444.8%) and the higher return on invested capital (−21.8% vs −410.8%). Across the 17 metrics below, Accuray Incorporated leads on 11 and Flag Ship Acquisition Corp on 6.

Valuation

Metric ARAY PMI Medical Devices median
P/E n/m n/m 24.94
P/S 0.04 2.65 2.66
P/B 0.29 9.73 2.36
Price to free cash flow n/m n/m 28.12
EV/EBITDA n/m n/m 11.42
EV/Sales 0.17 2.76 2.76
Earnings yield (136.36%) (227.33%) (12.66%)
Free cash flow yield (178.40%) (96.05%) (7.18%)

Profitability

Metric ARAY PMI Medical Devices median
Gross margin 0.00% 18.62% 57.76%
Operating margin (13.09%) (248.37%) (14.84%)
Net margin (4.41%) (444.83%) (14.45%)
Free cash flow margin (6.86%) (254.93%) (5.70%)
Return on equity (30.23%) 106.08% (10.56%)
Return on assets (4.10%) (268.26%) (17.26%)
Return on invested capital (21.79%) (410.80%) (5.22%)

Growth

Metric ARAY PMI Medical Devices median
Revenue growth (TTM) (12.50%) 45.47% 10.41%
EPS growth (last fiscal year) (2,480.65%) 74.92% 28.17%
Revenue growth, 5-year CAGR 0.28% — 15.74%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric ARAY PMI Medical Devices median
Debt to equity 1.79 0.41 0.04
Current ratio 1.56 1.02 2.67
Net debt to EBITDA (10.10) 1.27 0.54

Dividend

Metric ARAY PMI Medical Devices median
Dividend yield — — 1.02%
Payout ratio — — 0.38

Size

Metric ARAY PMI Medical Devices median
Market cap 14.82m 19.30m 221.84m

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