Delcath Systems, Inc. (DCTH) vs 908 Devices Inc. (MASS)

Delcath Systems, Inc. and 908 Devices Inc. are both Medical Devices companies. Delcath Systems, Inc. is the larger, with a market value of $558.0M against $492.7M — 1.1× the size. 908 Devices Inc. has negative trailing earnings, so its P/E is not meaningful; Delcath Systems, Inc. trades at 1,560×. Delcath Systems, Inc. grew revenue faster over the last twelve months: 35.9% against 13.4%. Delcath Systems, Inc. has the higher net margin (0.56% vs −57.0%) and the higher return on invested capital (−4.49% vs −96.4%). Across the 18 metrics below, Delcath Systems, Inc. leads on 15 and 908 Devices Inc. on 3.

Valuation

Metric DCTH MASS Medical Devices median
P/E 1,560.00 n/m 22.18
P/S 5.87 7.09 2.70
P/B 4.62 3.40 2.46
Price to free cash flow 31.98 701.80 22.53
EV/EBITDA n/m n/m 11.78
EV/Sales 4.88 5.53 2.38
Earnings yield 0.06% (8.22%) (8.22%)
Free cash flow yield 3.13% 0.14% (7.80%)

Profitability

Metric DCTH MASS Medical Devices median
Gross margin 87.05% 52.16% 56.01%
Operating margin (1.90%) (63.98%) (15.03%)
Net margin 0.56% (56.96%) (20.40%)
Free cash flow margin 18.35% 1.01% (7.24%)
Return on equity 0.47% (25.15%) (15.32%)
Return on assets 0.42% (17.81%) (19.72%)
Return on invested capital (4.49%) (96.41%) (10.33%)

Growth

Metric DCTH MASS Medical Devices median
Revenue growth (TTM) 35.85% 13.35% 8.80%
EPS growth (last fiscal year) 107.53% 125.47% —
Revenue growth, 5-year CAGR 120.21% 15.88% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric DCTH MASS Medical Devices median
Debt to equity 0.00 0.00 0.07
Current ratio 9.83 2.67 2.50
Net debt to EBITDA 132.51 3.17 0.49

Dividend

Metric DCTH MASS Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric DCTH MASS Medical Devices median
Market cap 557.96m 492.69m 172.91m

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