Cerus Corporation (CERS) vs Tactile Systems Technology, Inc. (TCMD)

Cerus Corporation and Tactile Systems Technology, Inc. are both Medical Devices companies. Cerus Corporation and Tactile Systems Technology, Inc. are of similar size ($524.0M and $518.5M). Cerus Corporation has negative trailing earnings, so its P/E is not meaningful; Tactile Systems Technology, Inc. trades at 20.7×. Tactile Systems Technology, Inc. grew revenue faster over the last twelve months: 17.2% against 14.6%. Tactile Systems Technology, Inc. has the higher net margin (7.10% vs −2.73%) and the higher return on invested capital (15.7% vs −1.27%). Across the 19 metrics below, Tactile Systems Technology, Inc. leads on 17 and Cerus Corporation on 2.

Valuation

Metric CERS TCMD Medical Devices median
P/E n/m 20.66 22.18
P/S 2.12 1.47 2.70
P/B 7.43 2.30 2.46
Price to free cash flow n/m 19.33 22.53
EV/EBITDA 8,092.91 10.84 11.78
EV/Sales 2.15 1.29 2.38
Earnings yield (1.34%) 4.84% (8.22%)
Free cash flow yield (0.35%) 5.17% (7.80%)

Profitability

Metric CERS TCMD Medical Devices median
Gross margin 57.16% 76.78% 56.01%
Operating margin (0.65%) 10.00% (15.03%)
Net margin (2.73%) 7.10% (20.40%)
Free cash flow margin (0.74%) 7.61% (7.24%)
Return on equity (10.69%) 11.88% (15.32%)
Return on assets (3.24%) 9.00% (19.72%)
Return on invested capital (1.27%) 15.74% (10.33%)

Growth

Metric CERS TCMD Medical Devices median
Revenue growth (TTM) 14.61% 17.22% 8.80%
EPS growth (last fiscal year) 27.27% 17.14% —
Revenue growth, 5-year CAGR 15.40% 11.98% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CERS TCMD Medical Devices median
Debt to equity 0.92 0.00 0.07
Current ratio 1.83 4.12 2.50
Net debt to EBITDA (0.14) (2.76) 0.49

Dividend

Metric CERS TCMD Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric CERS TCMD Medical Devices median
Market cap 523.96m 518.51m 172.91m

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