CVRx, Inc. (CVRX) vs Nortech Systems Incorporated (NSYS)

CVRx, Inc. and Nortech Systems Incorporated are both Medical Devices companies. CVRx, Inc. is the larger, with a market value of $37.0M against $29.5M — 1.3× the size. CVRx, Inc. has negative trailing earnings, so its P/E is not meaningful; Nortech Systems Incorporated trades at 27.9×. CVRx, Inc. grew revenue faster over the last twelve months: 12.0% against 6.00%. Nortech Systems Incorporated has the higher net margin (0.83% vs −84.9%) and the higher return on invested capital (4.32% vs −218.1%). Across the 18 metrics below, Nortech Systems Incorporated leads on 14 and CVRx, Inc. on 4.

Valuation

Metric CVRX NSYS Medical Devices median
P/E n/m 27.89 23.22
P/S 0.56 0.23 2.34
P/B 1.73 0.82 2.33
Price to free cash flow n/m 10.13 23.72
EV/EBITDA n/m 7.98 11.54
EV/Sales 0.52 0.24 2.24
Earnings yield (152.31%) 3.59% (10.09%)
Free cash flow yield (119.10%) 9.88% (8.47%)

Profitability

Metric CVRX NSYS Medical Devices median
Gross margin 86.92% 16.44% 56.01%
Operating margin (79.49%) 2.02% (15.03%)
Net margin (84.93%) 0.83% (20.40%)
Free cash flow margin (67.09%) 2.36% (7.24%)
Return on equity (133.44%) 3.02% (15.32%)
Return on assets (49.06%) 1.33% (19.72%)
Return on invested capital (218.09%) 4.32% (10.33%)

Growth

Metric CVRX NSYS Medical Devices median
Revenue growth (TTM) 11.96% 6.00% 8.80%
EPS growth (last fiscal year) 23.02% 80.85% 29.03%
Revenue growth, 5-year CAGR 56.40% 2.60% 15.47%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CVRX NSYS Medical Devices median
Debt to equity 2.94 0.07 0.07
Current ratio 8.04 1.78 2.50
Net debt to EBITDA 0.52 (0.45) 0.49

Dividend

Metric CVRX NSYS Medical Devices median
Dividend yield — — 1.16%
Payout ratio — — 0.36

Size

Metric CVRX NSYS Medical Devices median
Market cap 37.03m 29.45m 167.06m

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