Bausch + Lomb Corporation (BLCO) vs Stevanato Group S.p.A. (STVN)

Bausch + Lomb Corporation and Stevanato Group S.p.A. are both Medical Instruments & Supplies companies. Bausch + Lomb Corporation is the larger, with a market value of $6.0B against $5.3B — 1.1× the size. Bausch + Lomb Corporation has negative trailing earnings, so its P/E is not meaningful; Stevanato Group S.p.A. trades at 33.8×. Stevanato Group S.p.A. grew revenue faster over the last twelve months: 14.3% against 8.85%. Stevanato Group S.p.A. has the higher net margin (11.0% vs −3.21%) and the higher return on invested capital (6.56% vs 1.81%). Across the 20 metrics below, Stevanato Group S.p.A. leads on 13 and Bausch + Lomb Corporation on 7.

Valuation

Metric BLCO STVN Medical Instruments & Supplies median
P/E n/m 33.75 33.75
P/S 1.10 3.62 2.52
P/B 0.91 2.86 2.48
Price to free cash flow 52.29 n/m 25.19
EV/EBITDA 14.14 16.32 14.62
EV/Sales 1.99 3.91 2.88
Earnings yield (2.93%) 2.96% (2.67%)
Free cash flow yield 1.91% (0.67%) 0.09%

Profitability

Metric BLCO STVN Medical Instruments & Supplies median
Gross margin 61.44% 29.13% 54.29%
Operating margin 6.07% 16.29% 1.07%
Net margin (3.21%) 10.95% (1.61%)
Free cash flow margin 2.57% (2.43%) 1.08%
Return on equity (2.64%) 9.21% (1.32%)
Return on assets (1.24%) 5.46% 0.00%
Return on invested capital 1.81% 6.56% 0.00%

Growth

Metric BLCO STVN Medical Instruments & Supplies median
Revenue growth (TTM) 8.85% 14.28% 8.85%
EPS growth (last fiscal year) (13.33%) 23.40% 8.65%
Revenue growth, 5-year CAGR 8.38% 12.16% 9.17%
Net income growth, 5-year CAGR 0.00% 12.02% 0.00%

Health

Metric BLCO STVN Medical Instruments & Supplies median
Debt to equity 0.79 0.29 0.10
Current ratio 1.55 1.61 2.48
Net debt to EBITDA 8.49 1.15 0.89

Dividend

Metric BLCO STVN Medical Instruments & Supplies median
Dividend yield — 0.33% 1.11%
Payout ratio — 0.11 0.27

Size

Metric BLCO STVN Medical Instruments & Supplies median
Market cap 5.95b 5.26b 619.84m

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