Envoy Medical, Inc. (COCH) vs TELA Bio, Inc. (TELA)

Envoy Medical, Inc. and TELA Bio, Inc. are both Medical Devices companies. Envoy Medical, Inc. and TELA Bio, Inc. are of similar size ($57.3M and $55.4M). TELA Bio, Inc. grew revenue faster over the last twelve months: 6.09% against −6.76%. TELA Bio, Inc. has the higher net margin (−51.5% vs −13,747.3%) and the lower return on invested capital (−217.1% vs 0.00%). Across the 16 metrics below, TELA Bio, Inc. leads on 14 and Envoy Medical, Inc. on 2.

Valuation

Metric COCH TELA Medical Devices median
P/E n/m n/m 22.18
P/S 361.87 0.91 2.70
P/B 22.68 n/m 2.46
Price to free cash flow n/m n/m 22.53
EV/EBITDA n/m n/m 11.78
EV/Sales 414.74 1.27 2.38
Earnings yield (105.56%) (61.11%) (8.22%)
Free cash flow yield (28.98%) (47.86%) (7.80%)

Profitability

Metric COCH TELA Medical Devices median
Gross margin (385.51%) 68.29% 56.01%
Operating margin (11,411.11%) (42.56%) (15.03%)
Net margin (13,747.34%) (51.53%) (20.40%)
Free cash flow margin (10,488.89%) (39.57%) (7.24%)
Return on equity 214.32% 1,232.54% (15.32%)
Return on assets (168.14%) (64.71%) (19.72%)
Return on invested capital 0.00% (217.11%) (10.33%)

Growth

Metric COCH TELA Medical Devices median
Revenue growth (TTM) (6.76%) 6.09% 8.80%
EPS growth (last fiscal year) 17.45% 37.59% —
Revenue growth, 5-year CAGR — 34.54% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric COCH TELA Medical Devices median
Debt to equity 0.00 (3.53) 0.07
Current ratio 1.73 2.99 2.50
Net debt to EBITDA 0.18 (0.15) 0.49

Dividend

Metric COCH TELA Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric COCH TELA Medical Devices median
Market cap 55.42m 57.33m 172.91m

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