CeriBell, Inc. (CBLL) vs VAREX IMAGING (VREX)

CeriBell, Inc. and VAREX IMAGING are both Medical Devices companies. CeriBell, Inc. is the larger, with a market value of $914.2M against $784.3M — 1.2× the size. CeriBell, Inc. has negative trailing earnings, so its P/E is not meaningful; VAREX IMAGING trades at 34.8×. CeriBell, Inc. grew revenue faster over the last twelve months: 31.7% against 5.31%. VAREX IMAGING has the higher net margin (2.55% vs −64.7%) and the higher return on invested capital (5.95% vs −229.8%). Across the 17 metrics below, VAREX IMAGING leads on 12 and CeriBell, Inc. on 5.

Valuation

Metric CBLL VREX Medical Devices median
P/E n/m 34.81 22.18
P/S 8.84 0.90 2.70
P/B 7.02 1.52 2.46
Price to free cash flow n/m n/m 22.53
EV/EBITDA n/m 10.15 11.78
EV/Sales 7.76 1.18 2.38
Earnings yield (7.43%) 2.87% (8.22%)
Free cash flow yield (6.23%) (2.60%) (7.80%)

Profitability

Metric CBLL VREX Medical Devices median
Gross margin 88.90% 34.32% 56.01%
Operating margin (68.62%) 8.35% (15.03%)
Net margin (64.73%) 2.55% (20.40%)
Free cash flow margin (55.02%) (2.34%) (7.24%)
Return on equity (43.93%) 4.51% (15.32%)
Return on assets (35.29%) 2.03% (19.72%)
Return on invested capital (229.76%) 5.95% (10.33%)

Growth

Metric CBLL VREX Medical Devices median
Revenue growth (TTM) 31.70% 5.31% 8.80%
EPS growth (last fiscal year) 56.93% (45.30%) —
Revenue growth, 5-year CAGR — 2.73% 15.23%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric CBLL VREX Medical Devices median
Debt to equity 0.16 0.68 0.07
Current ratio 9.18 3.38 2.50
Net debt to EBITDA 2.38 2.21 0.49

Dividend

Metric CBLL VREX Medical Devices median
Dividend yield — — 0.94%
Payout ratio — 0.00 0.00

Size

Metric CBLL VREX Medical Devices median
Market cap 914.17m 784.30m 172.91m

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