Azenta, Inc. (AZTA) vs Stevanato Group S.p.A. (STVN)

Azenta, Inc. and Stevanato Group S.p.A. are both Medical Instruments & Supplies companies. Stevanato Group S.p.A. is the larger, with a market value of $3.6B against $1.6B — 2.2× the size. Azenta, Inc. has negative trailing earnings, so its P/E is not meaningful; Stevanato Group S.p.A. trades at 22.4×. Stevanato Group S.p.A. grew revenue faster over the last twelve months: 11.6% against 4.80%. Stevanato Group S.p.A. has the higher net margin (11.2% vs −20.0%) and the higher return on invested capital (6.71% vs −9.27%). Across the 20 metrics below, Stevanato Group S.p.A. leads on 11 and Azenta, Inc. on 9.

Valuation

Metric AZTA STVN Medical Instruments & Supplies median
P/E n/m 22.38 30.28
P/S 2.76 2.48 2.49
P/B 1.12 1.95 2.34
Price to free cash flow 171.73 n/m 23.49
EV/EBITDA 50.50 11.34 14.87
EV/Sales 2.31 2.75 2.75
Earnings yield (7.13%) 4.47% 0.00%
Free cash flow yield 0.58% (0.25%) 0.59%

Profitability

Metric AZTA STVN Medical Instruments & Supplies median
Gross margin 44.05% 29.11% 53.60%
Operating margin (28.56%) 16.60% 1.97%
Net margin (20.02%) 11.21% 0.00%
Free cash flow margin 1.61% (0.61%) 2.36%
Return on equity (7.72%) 9.22% 0.00%
Return on assets (6.31%) 5.50% 0.00%
Return on invested capital (9.27%) 6.71% 0.13%

Growth

Metric AZTA STVN Medical Instruments & Supplies median
Revenue growth (TTM) 4.80% 11.59% 8.97%
EPS growth (last fiscal year) 60.52% 23.40% 6.51%
Revenue growth, 5-year CAGR 8.85% 12.16% 8.85%
Net income growth, 5-year CAGR 0.00% 12.02% 0.00%

Health

Metric AZTA STVN Medical Instruments & Supplies median
Debt to equity 0.00 0.30 0.10
Current ratio 2.50 1.73 2.47
Net debt to EBITDA (10.47) 1.15 0.97

Dividend

Metric AZTA STVN Medical Instruments & Supplies median
Dividend yield — 0.48% 1.02%
Payout ratio — 0.11 0.27

Size

Metric AZTA STVN Medical Instruments & Supplies median
Market cap 1.64b 3.61b 1.71b

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