Brainsway Ltd. Sponsored ADR (BWAY) vs Tactile Systems Technology, Inc. (TCMD)

Brainsway Ltd. Sponsored ADR and Tactile Systems Technology, Inc. are both Medical Devices companies. Tactile Systems Technology, Inc. is the larger, with a market value of $527.6M against $475.8M — 1.1× the size. Tactile Systems Technology, Inc. trades at the lower P/E: 20.5× against 24.8×. Brainsway Ltd. Sponsored ADR grew revenue faster over the last twelve months: 31.7% against 17.2%. Brainsway Ltd. Sponsored ADR has the higher net margin (15.6% vs 7.10%) and the higher return on invested capital (30.0% vs 15.7%). Across the 20 metrics below, Tactile Systems Technology, Inc. leads on 11 and Brainsway Ltd. Sponsored ADR on 9.

Valuation

Metric BWAY TCMD Medical Devices median
P/E 24.80 20.47 23.22
P/S 3.64 1.46 2.34
P/B 2.79 2.28 2.33
Price to free cash flow 38.17 19.15 23.72
EV/EBITDA 17.37 10.73 11.54
EV/Sales 2.64 1.28 2.24
Earnings yield 4.03% 4.88% (10.09%)
Free cash flow yield 2.62% 5.22% (8.47%)

Profitability

Metric BWAY TCMD Medical Devices median
Gross margin 75.32% 76.78% 56.01%
Operating margin 12.46% 10.00% (15.03%)
Net margin 15.55% 7.10% (20.40%)
Free cash flow margin 9.53% 7.61% (7.24%)
Return on equity 12.82% 11.88% (15.32%)
Return on assets 8.09% 9.00% (19.72%)
Return on invested capital 29.98% 15.74% (10.33%)

Growth

Metric BWAY TCMD Medical Devices median
Revenue growth (TTM) 31.71% 17.22% 8.80%
EPS growth (last fiscal year) 114.29% 17.14% 29.03%
Revenue growth, 5-year CAGR 18.81% 11.98% 15.47%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric BWAY TCMD Medical Devices median
Debt to equity 0.00 0.00 0.07
Current ratio 3.59 4.12 2.50
Net debt to EBITDA (11.84) (2.76) 0.49

Dividend

Metric BWAY TCMD Medical Devices median
Dividend yield — — 1.16%
Payout ratio — — 0.36

Size

Metric BWAY TCMD Medical Devices median
Market cap 475.75m 527.57m 167.06m

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