Avantor, Inc. (AVTR) vs Teleflex Incorporated (TFX)

Avantor, Inc. and Teleflex Incorporated are both Medical Instruments & Supplies companies. Avantor, Inc. is the larger, with a market value of $10.3B against $6.5B — 1.6× the size. Teleflex Incorporated has negative trailing earnings, so its P/E is not meaningful; Avantor, Inc. trades at 30.3×. Teleflex Incorporated grew revenue faster over the last twelve months: 30.7% against 0.92%. Avantor, Inc. has the higher net margin (5.08% vs −45.8%) and the higher return on invested capital (3.36% vs 0.51%). Across the 20 metrics below, Avantor, Inc. leads on 16 and Teleflex Incorporated on 4.

Valuation

Metric AVTR TFX Medical Instruments & Supplies median
P/E 30.28 n/m 30.28
P/S 1.54 2.94 2.49
P/B 1.76 2.28 2.34
Price to free cash flow 23.34 124.77 23.49
EV/EBITDA 14.74 35.66 14.87
EV/Sales 2.03 4.05 2.75
Earnings yield 3.30% (15.30%) 0.00%
Free cash flow yield 4.28% 0.80% 0.59%

Profitability

Metric AVTR TFX Medical Instruments & Supplies median
Gross margin 31.59% 54.94% 53.60%
Operating margin 7.34% 1.97% 1.97%
Net margin 5.08% (45.76%) 0.00%
Free cash flow margin 6.62% 2.36% 2.36%
Return on equity 5.91% (28.87%) 0.00%
Return on assets 2.89% (14.57%) 0.00%
Return on invested capital 3.36% 0.51% 0.13%

Growth

Metric AVTR TFX Medical Instruments & Supplies median
Revenue growth (TTM) 0.92% 30.70% 8.97%
EPS growth (last fiscal year) (175.00%) (1,468.24%) 6.51%
Revenue growth, 5-year CAGR 0.49% (4.72%) 8.85%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AVTR TFX Medical Instruments & Supplies median
Debt to equity 0.63 0.97 0.10
Current ratio 1.89 2.60 2.47
Net debt to EBITDA 20.76 7.52 0.97

Dividend

Metric AVTR TFX Medical Instruments & Supplies median
Dividend yield — 0.89% 1.02%
Payout ratio — — 0.27

Size

Metric AVTR TFX Medical Instruments & Supplies median
Market cap 10.26b 6.45b 1.71b

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