Auna S.A. (AUNA) vs InnovAge Holding Corp. (INNV)

Auna S.A. and InnovAge Holding Corp. are both Medical Care Facilities companies. InnovAge Holding Corp. is the larger, with a market value of $1.2B against $311.0M — 3.9× the size. InnovAge Holding Corp. has negative trailing earnings, so its P/E is not meaningful; Auna S.A. trades at 73.0×. Auna S.A. grew revenue faster over the last twelve months: 16.7% against 15.9%. Auna S.A. has the higher net margin (0.43% vs −0.26%) and the higher return on invested capital (7.44% vs 1.06%). Across the 19 metrics below, Auna S.A. leads on 16 and InnovAge Holding Corp. on 3.

Valuation

Metric AUNA INNV Medical Care Facilities median
P/E 73.00 n/m 19.16
P/S 0.28 1.23 0.90
P/B 0.63 5.12 2.91
Price to free cash flow 1.79 24.10 12.62
EV/EBITDA 5.45 46.32 10.06
EV/Sales 0.97 1.15 1.35
Earnings yield 1.37% (0.22%) 2.30%
Free cash flow yield 55.98% 4.15% 4.14%

Profitability

Metric AUNA INNV Medical Care Facilities median
Gross margin 36.89% 23.01% 30.78%
Operating margin 13.44% 0.26% 5.74%
Net margin 0.43% (0.26%) 2.32%
Free cash flow margin 15.50% 5.47% 5.46%
Return on equity 1.08% (1.06%) 8.76%
Return on assets 0.28% (0.47%) 2.18%
Return on invested capital 7.44% 1.06% 5.40%

Growth

Metric AUNA INNV Medical Care Facilities median
Revenue growth (TTM) 16.71% 15.93% 7.12%
EPS growth (last fiscal year) (13.95%) 90.91% —
Revenue growth, 5-year CAGR — 9.19% 9.58%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric AUNA INNV Medical Care Facilities median
Debt to equity 1.80 0.24 0.30
Current ratio 1.08 1.05 1.22
Net debt to EBITDA 3.98 (3.47) 1.32

Dividend

Metric AUNA INNV Medical Care Facilities median
Dividend yield — — 0.85%
Payout ratio — 0.00 0.00

Size

Metric AUNA INNV Medical Care Facilities median
Market cap 310.95m 1.21b 1.34b

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