Bausch + Lomb Corporation (BLCO) vs Repligen Corporation (RGEN)

Bausch + Lomb Corporation and Repligen Corporation are both Medical Instruments & Supplies companies. Repligen Corporation is the larger, with a market value of $11.7B against $6.0B — 2.0× the size. Bausch + Lomb Corporation has negative trailing earnings, so its P/E is not meaningful; Repligen Corporation trades at 234×. Repligen Corporation grew revenue faster over the last twelve months: 16.5% against 8.85%. Repligen Corporation has the higher net margin (5.29% vs −3.21%) and the higher return on invested capital (2.18% vs 1.81%). Across the 21 metrics below, Repligen Corporation leads on 13 and Bausch + Lomb Corporation on 8.

Valuation

Metric BLCO RGEN Medical Instruments & Supplies median
P/E n/m 233.60 33.75
P/S 1.10 12.59 2.52
P/B 0.91 4.68 2.48
Price to free cash flow 52.29 161.81 25.19
EV/EBITDA 14.14 60.20 14.62
EV/Sales 1.99 12.35 2.88
Earnings yield (2.93%) 0.43% (2.67%)
Free cash flow yield 1.91% 0.62% 0.09%

Profitability

Metric BLCO RGEN Medical Instruments & Supplies median
Gross margin 61.44% 53.52% 54.29%
Operating margin 6.07% 8.23% 1.07%
Net margin (3.21%) 5.29% (1.61%)
Free cash flow margin 2.57% 14.06% 1.08%
Return on equity (2.64%) 1.99% (1.32%)
Return on assets (1.24%) 1.42% 0.00%
Return on invested capital 1.81% 2.18% 0.00%

Growth

Metric BLCO RGEN Medical Instruments & Supplies median
Revenue growth (TTM) 8.85% 16.49% 8.85%
EPS growth (last fiscal year) (13.33%) 286.96% 8.65%
Revenue growth, 5-year CAGR 8.38% 15.05% 9.17%
Net income growth, 5-year CAGR 0.00% (3.99%) 0.00%

Health

Metric BLCO RGEN Medical Instruments & Supplies median
Debt to equity 0.79 0.26 0.10
Current ratio 1.55 9.05 2.48
Net debt to EBITDA 8.49 (1.50) 0.89

Dividend

Metric BLCO RGEN Medical Instruments & Supplies median
Dividend yield — — 1.11%
Payout ratio — — 0.27

Size

Metric BLCO RGEN Medical Instruments & Supplies median
Market cap 5.95b 11.69b 619.84m

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