Chemed Corporation (CHE) vs Fresenius Medical Care AG & Co. KGaA (FMS)

Chemed Corporation and Fresenius Medical Care AG & Co. KGaA are both Medical Care Facilities companies. Fresenius Medical Care AG & Co. KGaA is the larger, with a market value of $11.9B against $6.5B — 1.8× the size. Fresenius Medical Care AG & Co. KGaA trades at the lower P/E: 11.8× against 25.7×. Fresenius Medical Care AG & Co. KGaA grew revenue faster over the last twelve months: 6.74% against 3.31%. Chemed Corporation has the higher net margin (10.6% vs 4.78%) and the higher return on invested capital (23.5% vs 5.78%). Both pay a dividend; Fresenius Medical Care AG & Co. KGaA yields more (2.67% vs 0.26%). Across the 23 metrics below, Fresenius Medical Care AG & Co. KGaA leads on 13 and Chemed Corporation on 10.

Valuation

Metric CHE FMS Medical Care Facilities median
P/E 25.70 11.76 19.16
P/S 2.60 0.54 0.90
P/B 8.12 0.77 2.91
Price to free cash flow 20.56 5.93 12.62
EV/EBITDA 16.59 4.95 10.06
EV/Sales 2.66 0.85 1.35
Earnings yield 3.89% 8.51% 2.30%
Free cash flow yield 4.86% 16.85% 4.14%

Profitability

Metric CHE FMS Medical Care Facilities median
Gross margin 33.11% 26.32% 30.78%
Operating margin 13.46% 9.31% 5.74%
Net margin 10.60% 4.78% 2.32%
Free cash flow margin 12.64% 9.05% 5.46%
Return on equity 27.11% 6.77% 8.76%
Return on assets 16.68% 3.01% 2.18%
Return on invested capital 23.46% 5.78% 5.40%

Growth

Metric CHE FMS Medical Care Facilities median
Revenue growth (TTM) 3.31% 6.74% 7.12%
EPS growth (last fiscal year) (7.79%) 93.88% —
Revenue growth, 5-year CAGR 4.00% 1.71% 9.58%
Net income growth, 5-year CAGR (3.65%) (3.61%) 0.00%

Health

Metric CHE FMS Medical Care Facilities median
Debt to equity 0.17 0.56 0.30
Current ratio 0.91 1.07 1.22
Net debt to EBITDA (0.18) 1.58 1.32

Dividend

Metric CHE FMS Medical Care Facilities median
Dividend yield 0.26% 2.67% 0.85%
Payout ratio 0.10 0.00 0.00

Size

Metric CHE FMS Medical Care Facilities median
Market cap 6.54b 11.90b 1.34b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack