Elutia Inc. (ELUT) vs Sanuwave Health Inc. (SNWV)

Elutia Inc. and Sanuwave Health Inc. are both Medical Devices companies. Sanuwave Health Inc. is the larger, with a market value of $41.7M against $36.8M — 1.1× the size. Elutia Inc. trades at the lower P/E: 0.7× against 3.0×. Elutia Inc. grew revenue faster over the last twelve months: 69.0% against 12.7%. Elutia Inc. has the higher net margin (488.2% vs 34.7%) and the lower return on invested capital (0.00% vs 7.46%). Across the 19 metrics below, Sanuwave Health Inc. leads on 10 and Elutia Inc. on 9.

Valuation

Metric ELUT SNWV Medical Devices median
P/E 0.67 3.04 22.18
P/S 2.99 0.98 2.70
P/B 2.30 15.55 2.46
Price to free cash flow n/m 4.63 22.53
EV/EBITDA n/m 15.70 11.78
EV/Sales 3.50 1.21 2.38
Earnings yield 150.00% 32.94% (8.22%)
Free cash flow yield (126.92%) 21.62% (7.80%)

Profitability

Metric ELUT SNWV Medical Devices median
Gross margin 57.76% 76.33% 56.01%
Operating margin (214.85%) 3.41% (15.03%)
Net margin 488.15% 34.66% (20.40%)
Free cash flow margin (379.26%) 21.29% (7.24%)
Return on equity (454.01%) (254.57%) (15.32%)
Return on assets 152.89% 43.82% (19.72%)
Return on invested capital 0.00% 7.46% (10.33%)

Growth

Metric ELUT SNWV Medical Devices median
Revenue growth (TTM) 69.03% 12.67% 8.80%
EPS growth (last fiscal year) 146.77% 118.50% —
Revenue growth, 5-year CAGR (22.04%) 61.12% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ELUT SNWV Medical Devices median
Debt to equity 0.00 6.88 0.07
Current ratio 1.77 1.28 2.50
Net debt to EBITDA 1.51 1.30 0.49

Dividend

Metric ELUT SNWV Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 — 0.00

Size

Metric ELUT SNWV Medical Devices median
Market cap 36.76m 41.72m 172.91m

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