CapsoVision, Inc. (CV) vs Shoulder Innovations, Inc. (SI)

CapsoVision, Inc. and Shoulder Innovations, Inc. are both Medical Devices companies. CapsoVision, Inc. and Shoulder Innovations, Inc. are of similar size ($354.1M and $328.3M). Shoulder Innovations, Inc. has negative trailing earnings, so its P/E is not meaningful; CapsoVision, Inc. trades at 2.1×. Shoulder Innovations, Inc. grew revenue faster over the last twelve months: 62.9% against 16.7%. Shoulder Innovations, Inc. has the higher net margin (−58.3% vs −214.7%) and the higher return on invested capital (−54.7% vs −460.9%). Across the 17 metrics below, Shoulder Innovations, Inc. leads on 12 and CapsoVision, Inc. on 5.

Valuation

Metric CV SI Medical Devices median
P/E 2.09 n/m 22.18
P/S 23.91 5.87 2.70
P/B 25.22 2.83 2.46
Price to free cash flow n/m n/m 22.53
EV/EBITDA n/m n/m 11.78
EV/Sales 23.25 4.46 2.38
Earnings yield 47.81% (11.30%) (8.22%)
Free cash flow yield (8.40%) (13.36%) (7.80%)

Profitability

Metric CV SI Medical Devices median
Gross margin 50.88% 77.34% 56.01%
Operating margin (217.09%) (58.53%) (15.03%)
Net margin (214.74%) (58.33%) (20.40%)
Free cash flow margin (200.77%) (78.39%) (7.24%)
Return on equity 47.42% (151.89%) (15.32%)
Return on assets (212.19%) (30.49%) (19.72%)
Return on invested capital (460.93%) (54.72%) (10.33%)

Growth

Metric CV SI Medical Devices median
Revenue growth (TTM) 16.66% 62.93% 8.80%
EPS growth (last fiscal year) 89.54% 98.08% —
Revenue growth, 5-year CAGR — — 15.23%
Net income growth, 5-year CAGR — — 0.00%

Health

Metric CV SI Medical Devices median
Debt to equity 0.00 0.12 0.07
Current ratio 3.35 10.71 2.50
Net debt to EBITDA 0.41 4.79 0.49

Dividend

Metric CV SI Medical Devices median
Dividend yield — — 0.94%
Payout ratio — — 0.00

Size

Metric CV SI Medical Devices median
Market cap 328.31m 354.13m 172.91m

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