electroCore, Inc. (ECOR) vs Zomedica Corp. (ZOMDF)

electroCore, Inc. and Zomedica Corp. are both Medical Devices companies. electroCore, Inc. and Zomedica Corp. are of similar size ($102.3M and $95.4M). electroCore, Inc. grew revenue faster over the last twelve months: 33.5% against 30.1%. electroCore, Inc. has the higher net margin (−40.0% vs −51.4%) and the higher return on invested capital (0.00% vs −20.5%). Across the 16 metrics below, electroCore, Inc. leads on 12 and Zomedica Corp. on 4.

Valuation

Metric ECOR ZOMDF Medical Devices median
P/E n/m n/m 22.18
P/S 2.83 2.13 2.70
P/B n/m 0.73 2.46
Price to free cash flow n/m n/m 22.53
EV/EBITDA n/m n/m 11.78
EV/Sales 2.72 0.95 2.38
Earnings yield (14.93%) (24.00%) (8.22%)
Free cash flow yield (9.32%) (19.17%) (7.80%)

Profitability

Metric ECOR ZOMDF Medical Devices median
Gross margin 87.06% 65.44% 56.01%
Operating margin (37.64%) (56.28%) (15.03%)
Net margin (39.96%) (51.39%) (20.40%)
Free cash flow margin (26.36%) (40.75%) (7.24%)
Return on equity 1,761.48% (16.29%) (15.32%)
Return on assets (93.41%) (14.88%) (19.72%)
Return on invested capital 0.00% (20.54%) (10.33%)

Growth

Metric ECOR ZOMDF Medical Devices median
Revenue growth (TTM) 33.45% 30.05% 8.80%
EPS growth (last fiscal year) (3.77%) (60.00%) —
Revenue growth, 5-year CAGR 55.74% — 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ECOR ZOMDF Medical Devices median
Debt to equity (2.07) 0.00 0.07
Current ratio 1.21 6.43 2.50
Net debt to EBITDA 0.40 0.69 0.49

Dividend

Metric ECOR ZOMDF Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric ECOR ZOMDF Medical Devices median
Market cap 102.33m 95.35m 172.91m

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