DaVita Inc. (DVA) vs Fresenius Medical Care AG & Co. KGaA (FMS)

DaVita Inc. and Fresenius Medical Care AG & Co. KGaA are both Medical Care Facilities companies. DaVita Inc. and Fresenius Medical Care AG & Co. KGaA are of similar size ($12.6B and $12.3B). Fresenius Medical Care AG & Co. KGaA trades at the lower P/E: 12.6× against 14.0×. DaVita Inc. grew revenue faster over the last twelve months: 6.38% against 4.27%. DaVita Inc. has the higher net margin (6.49% vs 4.18%) and the higher return on invested capital (13.5% vs 5.47%). Across the 21 metrics below, DaVita Inc. leads on 11 and Fresenius Medical Care AG & Co. KGaA on 10.

Valuation

Metric DVA FMS Medical Care Facilities median
P/E 14.01 12.64 17.41
P/S 0.88 0.55 0.98
P/B n/m 0.79 3.12
Price to free cash flow 8.36 6.13 16.05
EV/EBITDA 8.01 5.07 11.86
EV/Sales 1.59 0.86 1.37
Earnings yield 7.14% 7.91% 3.53%
Free cash flow yield 11.97% 16.31% 5.41%

Profitability

Metric DVA FMS Medical Care Facilities median
Gross margin 32.28% 26.42% 30.78%
Operating margin 14.97% 8.82% 5.97%
Net margin 6.49% 4.18% 3.05%
Free cash flow margin 9.26% 8.96% 6.97%
Return on equity (277.68%) 5.90% 5.03%
Return on assets 5.20% 2.62% 2.78%
Return on invested capital 13.51% 5.47% 5.47%

Growth

Metric DVA FMS Medical Care Facilities median
Revenue growth (TTM) 6.38% 4.27% 6.38%
EPS growth (last fiscal year) (8.29%) 93.88% 21.70%
Revenue growth, 5-year CAGR 3.39% 1.71% 9.94%
Net income growth, 5-year CAGR (0.70%) (3.61%) 0.00%

Health

Metric DVA FMS Medical Care Facilities median
Debt to equity (30.19) 0.55 0.37
Current ratio 1.41 0.99 1.37
Net debt to EBITDA 3.51 1.58 1.32

Dividend

Metric DVA FMS Medical Care Facilities median
Dividend yield — 3.68% 0.57%
Payout ratio — 0.47 0.12

Size

Metric DVA FMS Medical Care Facilities median
Market cap 12.25b 12.59b 1.62b

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