Becton, Dickinson and Company (BDX) vs Repligen Corporation (RGEN)

Becton, Dickinson and Company and Repligen Corporation are both Medical Instruments & Supplies companies. Becton, Dickinson and Company is the larger, with a market value of $52.8B against $11.7B — 4.5× the size. Becton, Dickinson and Company trades at the lower P/E: 57.8× against 234×. Repligen Corporation grew revenue faster over the last twelve months: 16.5% against 13.1%. Repligen Corporation has the higher net margin (5.29% vs 4.20%) and the lower return on invested capital (2.18% vs 3.89%). Across the 22 metrics below, Becton, Dickinson and Company leads on 14 and Repligen Corporation on 8.

Valuation

Metric BDX RGEN Medical Instruments & Supplies median
P/E 57.76 233.60 33.75
P/S 2.35 12.59 2.52
P/B 2.16 4.68 2.48
Price to free cash flow 16.45 161.81 25.19
EV/EBITDA 13.72 60.20 14.62
EV/Sales 2.91 12.35 2.88
Earnings yield 1.73% 0.43% (2.67%)
Free cash flow yield 6.08% 0.62% 0.09%

Profitability

Metric BDX RGEN Medical Instruments & Supplies median
Gross margin 46.73% 53.52% 54.29%
Operating margin 10.30% 8.23% 1.07%
Net margin 4.20% 5.29% (1.61%)
Free cash flow margin 14.29% 14.06% 1.08%
Return on equity 3.77% 1.99% (1.32%)
Return on assets 1.78% 1.42% 0.00%
Return on invested capital 3.89% 2.18% 0.00%

Growth

Metric BDX RGEN Medical Instruments & Supplies median
Revenue growth (TTM) 13.14% 16.49% 8.85%
EPS growth (last fiscal year) (1.85%) 286.96% 8.65%
Revenue growth, 5-year CAGR 6.32% 15.05% 9.17%
Net income growth, 5-year CAGR 16.95% (3.99%) 0.00%

Health

Metric BDX RGEN Medical Instruments & Supplies median
Debt to equity 0.55 0.26 0.10
Current ratio 0.87 9.05 2.48
Net debt to EBITDA 3.33 (1.50) 0.89

Dividend

Metric BDX RGEN Medical Instruments & Supplies median
Dividend yield 2.07% — 1.11%
Payout ratio 1.20 — 0.27

Size

Metric BDX RGEN Medical Instruments & Supplies median
Market cap 52.78b 11.69b 619.84m

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