Delcath Systems, Inc. (DCTH) vs Pacific Biosciences of California, Inc. (PACB)

Delcath Systems, Inc. and Pacific Biosciences of California, Inc. are both Medical Devices companies. Delcath Systems, Inc. is the larger, with a market value of $558.0M against $484.9M — 1.2× the size. Pacific Biosciences of California, 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 2.02%. Delcath Systems, Inc. has the higher net margin (0.56% vs −82.5%) and the higher return on invested capital (−4.49% vs −22.2%). Across the 17 metrics below, Delcath Systems, Inc. leads on 14 and Pacific Biosciences of California, Inc. on 3.

Valuation

Metric DCTH PACB Medical Devices median
P/E 1,560.00 n/m 22.18
P/S 5.87 3.16 2.70
P/B 4.62 n/m 2.46
Price to free cash flow 31.98 n/m 22.53
EV/EBITDA n/m n/m 11.78
EV/Sales 4.88 5.72 2.38
Earnings yield 0.06% (26.54%) (8.22%)
Free cash flow yield 3.13% (15.99%) (7.80%)

Profitability

Metric DCTH PACB Medical Devices median
Gross margin 87.05% 36.38% 56.01%
Operating margin (1.90%) (83.53%) (15.03%)
Net margin 0.56% (82.49%) (20.40%)
Free cash flow margin 18.35% (50.53%) (7.24%)
Return on equity 0.47% (929.31%) (15.32%)
Return on assets 0.42% (16.66%) (19.72%)
Return on invested capital (4.49%) (22.22%) (10.33%)

Growth

Metric DCTH PACB Medical Devices median
Revenue growth (TTM) 35.85% 2.02% 8.80%
EPS growth (last fiscal year) 107.53% (69.38%) —
Revenue growth, 5-year CAGR 120.21% 15.19% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric DCTH PACB Medical Devices median
Debt to equity 0.00 (19.40) 0.07
Current ratio 9.83 4.92 2.50
Net debt to EBITDA 132.51 (2.33) 0.49

Dividend

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

Size

Metric DCTH PACB Medical Devices median
Market cap 557.96m 484.89m 172.91m

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