Embecta Corp. (EMBC) vs Pro-Dex, Inc. (PDEX)

Embecta Corp. and Pro-Dex, Inc. are both Medical Instruments & Supplies companies. Embecta Corp. is the larger, with a market value of $316.2M against $233.9M — 1.4× the size. Embecta Corp. trades at the lower P/E: 4.0× against 17.0×. Pro-Dex, Inc. grew revenue faster over the last twelve months: 16.5% against −7.60%. Pro-Dex, Inc. has the higher net margin (17.6% vs 8.59%) and the lower return on invested capital (15.8% vs 21.4%). Across the 21 metrics below, Embecta Corp. leads on 12 and Pro-Dex, Inc. on 9.

Valuation

Metric EMBC PDEX Medical Instruments & Supplies median
P/E 3.97 16.97 34.17
P/S 0.34 2.99 2.83
P/B n/m 4.86 2.82
Price to free cash flow 1.98 34.42 25.69
EV/EBITDA 5.59 16.35 16.08
EV/Sales 1.58 3.04 3.06
Earnings yield 25.21% 5.89% (1.84%)
Free cash flow yield 50.55% 2.91% 0.17%

Profitability

Metric EMBC PDEX Medical Instruments & Supplies median
Gross margin 59.03% 31.38% 54.62%
Operating margin 21.94% 16.75% 1.64%
Net margin 8.59% 17.62% 0.00%
Free cash flow margin 17.15% 8.72% 1.61%
Return on equity (13.65%) 32.43% 0.00%
Return on assets 7.22% 20.14% 0.00%
Return on invested capital 21.44% 15.75% 0.00%

Growth

Metric EMBC PDEX Medical Instruments & Supplies median
Revenue growth (TTM) (7.60%) 16.45% 9.20%
EPS growth (last fiscal year) 20.90% 54.31% —
Revenue growth, 5-year CAGR (1.50%) 15.32% 9.48%
Net income growth, 5-year CAGR (25.47%) 17.23% 0.00%

Health

Metric EMBC PDEX Medical Instruments & Supplies median
Debt to equity (2.42) 0.28 0.08
Current ratio 1.68 4.10 2.49
Net debt to EBITDA 3.96 0.27 0.83

Dividend

Metric EMBC PDEX Medical Instruments & Supplies median
Dividend yield 3.04% — 0.99%
Payout ratio 0.69 0.00 0.00

Size

Metric EMBC PDEX Medical Instruments & Supplies median
Market cap 316.16m 233.91m 938.39m

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