Alphatec Holdings, Inc. (ATEC) vs UFP Technologies, Inc. (UFPT)

Alphatec Holdings, Inc. and UFP Technologies, Inc. are both Medical Devices companies. UFP Technologies, Inc. is the larger, with a market value of $2.3B against $1.7B — 1.4× the size. Alphatec Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; UFP Technologies, Inc. trades at 31.2×. Alphatec Holdings, Inc. grew revenue faster over the last twelve months: 19.5% against 7.32%. UFP Technologies, Inc. has the higher net margin (11.5% vs −13.5%) and the higher return on invested capital (10.3% vs −8.10%). Across the 19 metrics below, UFP Technologies, Inc. leads on 13 and Alphatec Holdings, Inc. on 6.

Valuation

Metric ATEC UFPT Medical Devices median
P/E n/m 31.16 23.22
P/S 2.01 3.57 2.34
P/B n/m 4.88 2.33
Price to free cash flow n/m 36.71 23.72
EV/EBITDA 33.87 20.52 11.54
EV/Sales 2.57 3.77 2.24
Earnings yield (6.79%) 3.21% (10.09%)
Free cash flow yield (0.35%) 2.72% (8.47%)

Profitability

Metric ATEC UFPT Medical Devices median
Gross margin 68.99% 28.50% 56.01%
Operating margin (6.04%) 15.25% (15.03%)
Net margin (13.50%) 11.45% (20.40%)
Free cash flow margin (0.70%) 9.74% (7.24%)
Return on equity (1,879.90%) 17.05% (15.32%)
Return on assets (13.91%) 10.98% (19.72%)
Return on invested capital (8.10%) 10.29% (10.33%)

Growth

Metric ATEC UFPT Medical Devices median
Revenue growth (TTM) 19.47% 7.32% 8.80%
EPS growth (last fiscal year) 15.04% 15.44% 29.03%
Revenue growth, 5-year CAGR 39.46% 27.43% 15.47%
Net income growth, 5-year CAGR 0.00% 38.57% 0.00%

Health

Metric ATEC UFPT Medical Devices median
Debt to equity (42.32) 0.28 0.07
Current ratio 1.89 3.00 2.50
Net debt to EBITDA 14.84 1.16 0.49

Dividend

Metric ATEC UFPT Medical Devices median
Dividend yield — — 1.16%
Payout ratio — — 0.36

Size

Metric ATEC UFPT Medical Devices median
Market cap 1.69b 2.30b 167.06m

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