Avantor, Inc. (AVTR) vs Repligen Corporation (RGEN)

Avantor, Inc. and Repligen Corporation are both Medical Instruments & Supplies companies. Avantor, Inc. and Repligen Corporation are of similar size ($10.8B and $10.3B). Repligen Corporation has negative trailing earnings, so its P/E is not meaningful; Avantor, Inc. trades at 30.3×. Repligen Corporation grew revenue faster over the last twelve months: 13.8% against 0.92%. Avantor, Inc. has the higher net margin (5.08% vs −1.47%) and the higher return on invested capital (3.36% vs 0.64%). Across the 21 metrics below, Avantor, Inc. leads on 13 and Repligen Corporation on 8.

Valuation

Metric AVTR RGEN Medical Instruments & Supplies median
P/E 30.28 n/m 30.28
P/S 1.54 11.87 2.49
P/B 1.76 4.57 2.34
Price to free cash flow 23.34 170.11 23.49
EV/EBITDA 14.74 60.12 14.87
EV/Sales 2.03 11.57 2.75
Earnings yield 3.30% (0.12%) 0.00%
Free cash flow yield 4.28% 0.59% 0.59%

Profitability

Metric AVTR RGEN Medical Instruments & Supplies median
Gross margin 31.59% 53.46% 53.60%
Operating margin 7.34% 2.26% 1.97%
Net margin 5.08% (1.47%) 0.00%
Free cash flow margin 6.62% 13.09% 2.36%
Return on equity 5.91% (0.57%) 0.00%
Return on assets 2.89% (0.40%) 0.00%
Return on invested capital 3.36% 0.64% 0.13%

Growth

Metric AVTR RGEN Medical Instruments & Supplies median
Revenue growth (TTM) 0.92% 13.80% 8.97%
EPS growth (last fiscal year) (175.00%) 286.96% 6.51%
Revenue growth, 5-year CAGR 0.49% 15.05% 8.85%
Net income growth, 5-year CAGR 0.00% (3.99%) 0.00%

Health

Metric AVTR RGEN Medical Instruments & Supplies median
Debt to equity 0.63 0.27 0.10
Current ratio 1.89 9.88 2.47
Net debt to EBITDA 20.76 (1.50) 0.97

Dividend

Metric AVTR RGEN Medical Instruments & Supplies median
Dividend yield — — 1.02%
Payout ratio — — 0.27

Size

Metric AVTR RGEN Medical Instruments & Supplies median
Market cap 10.26b 10.77b 1.71b

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