Co-Diagnostics, Inc. (CODX) vs IceCure Medical Ltd. (ICCM)

Co-Diagnostics, Inc. and IceCure Medical Ltd. are both Medical Devices companies. Co-Diagnostics, Inc. is the larger, with a market value of $8.3M against $6.5M — 1.3× the size. Co-Diagnostics, Inc. grew revenue faster over the last twelve months: −28.1% against −41.1%. IceCure Medical Ltd. has the higher net margin (−570.1% vs −6,522.9%) and the higher return on invested capital (0.00% vs −337.7%). Across the 18 metrics below, IceCure Medical Ltd. leads on 14 and Co-Diagnostics, Inc. on 4.

Valuation

Metric CODX ICCM Medical Devices median
P/E n/m n/m 22.18
P/S 6.51 1.57 2.70
P/B 0.37 0.36 2.46
Price to free cash flow n/m n/m 22.53
EV/EBITDA n/m 0.50 11.78
EV/Sales 1.45 (2.83) 2.38
Earnings yield (2,464.05%) (352.16%) (8.22%)
Free cash flow yield (584.74%) (486.68%) (7.80%)

Profitability

Metric CODX ICCM Medical Devices median
Gross margin 43.47% 28.13% 56.01%
Operating margin (6,787.47%) (574.61%) (15.03%)
Net margin (6,522.91%) (570.14%) (20.40%)
Free cash flow margin (3,807.94%) 0.00% (7.24%)
Return on equity (174.77%) 0.00% (15.32%)
Return on assets (149.25%) 0.00% (19.72%)
Return on invested capital (337.68%) 0.00% (10.33%)

Growth

Metric CODX ICCM Medical Devices median
Revenue growth (TTM) (28.12%) (41.07%) 8.80%
EPS growth (last fiscal year) 5.34% 20.00% —
Revenue growth, 5-year CAGR (61.60%) (2.67%) 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CODX ICCM Medical Devices median
Debt to equity 0.00 0.00 0.07
Current ratio 1.81 2.88 2.50
Net debt to EBITDA 0.24 0.60 0.49

Dividend

Metric CODX ICCM Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric CODX ICCM Medical Devices median
Market cap 8.28m 6.48m 172.91m

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