BioLife Solutions, Inc. (BLFS) vs LeMaitre Vascular, Inc. (LMAT)

BioLife Solutions, Inc. and LeMaitre Vascular, Inc. are both Medical Instruments & Supplies companies. BioLife Solutions, Inc. and LeMaitre Vascular, Inc. are of similar size ($1.9B and $1.9B). LeMaitre Vascular, Inc. trades at the lower P/E: 28.1× against 32.6×. BioLife Solutions, Inc. grew revenue faster over the last twelve months: 30.1% against 11.9%. BioLife Solutions, Inc. has the higher net margin (54.4% vs 25.0%) and the lower return on invested capital (0.32% vs 22.7%). Across the 22 metrics below, LeMaitre Vascular, Inc. leads on 16 and BioLife Solutions, Inc. on 6.

Valuation

Metric BLFS LMAT Medical Instruments & Supplies median
P/E 32.62 28.11 34.17
P/S 17.63 7.10 2.83
P/B 4.48 4.43 2.82
Price to free cash flow 232.01 25.25 25.69
EV/EBITDA 350.25 18.70 16.08
EV/Sales 16.99 6.32 3.06
Earnings yield 3.07% 3.56% (1.84%)
Free cash flow yield 0.43% 3.96% 0.17%

Profitability

Metric BLFS LMAT Medical Instruments & Supplies median
Gross margin 63.61% 72.90% 54.62%
Operating margin 1.64% 29.46% 1.64%
Net margin 54.35% 25.02% 0.00%
Free cash flow margin 7.60% 28.13% 1.61%
Return on equity 15.12% 16.77% 0.00%
Return on assets 13.89% 10.78% 0.00%
Return on invested capital 0.32% 22.67% 0.00%

Growth

Metric BLFS LMAT Medical Instruments & Supplies median
Revenue growth (TTM) 30.12% 11.85% 9.20%
EPS growth (last fiscal year) 77.27% 30.57% —
Revenue growth, 5-year CAGR 14.88% 14.05% 9.48%
Net income growth, 5-year CAGR 0.00% 22.16% 0.00%

Health

Metric BLFS LMAT Medical Instruments & Supplies median
Debt to equity 0.00 0.40 0.08
Current ratio 9.69 16.31 2.49
Net debt to EBITDA 7.04 (2.40) 0.83

Dividend

Metric BLFS LMAT Medical Instruments & Supplies median
Dividend yield — 0.92% 0.99%
Payout ratio 0.00 0.47 0.00

Size

Metric BLFS LMAT Medical Instruments & Supplies median
Market cap 1.91b 1.85b 938.39m

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