National Vision Holdings, Inc. (EYE) vs RH (RH)

National Vision Holdings, Inc. and RH are both Specialty Retail companies. RH is the larger, with a market value of $2.2B against $1.4B — 1.6× the size. RH trades at the lower P/E: 19.1× against 27.7×. National Vision Holdings, Inc. grew revenue faster over the last twelve months: 7.84% against 3.35%. RH has the higher net margin (3.23% vs 2.47%) and the higher return on invested capital (6.74% vs 4.71%). Across the 22 metrics below, RH leads on 12 and National Vision Holdings, Inc. on 10.

Valuation

Metric EYE RH Specialty Retail median
P/E 27.67 19.09 18.18
P/S 0.68 0.62 0.47
P/B 1.55 17.73 1.95
Price to free cash flow 28.25 8.62 11.85
EV/EBITDA 8.52 8.57 8.54
EV/Sales 0.78 1.52 0.64
Earnings yield 3.61% 5.24% 3.67%
Free cash flow yield 3.54% 11.60% 2.27%

Profitability

Metric EYE RH Specialty Retail median
Gross margin 58.62% 44.28% 37.89%
Operating margin 4.07% 9.98% 3.66%
Net margin 2.47% 3.23% 1.42%
Free cash flow margin 2.41% 7.26% 0.85%
Return on equity 5.75% 280.72% 2.46%
Return on assets 2.54% 2.27% 0.16%
Return on invested capital 4.71% 6.74% 0.00%

Growth

Metric EYE RH Specialty Retail median
Revenue growth (TTM) 7.84% 3.35% 3.35%
EPS growth (last fiscal year) 202.78% 74.31% 15.38%
Revenue growth, 5-year CAGR 3.03% 3.84% 3.88%
Net income growth, 5-year CAGR (3.99%) (14.42%) 0.00%

Health

Metric EYE RH Specialty Retail median
Debt to equity 0.27 26.57 0.27
Current ratio 0.59 1.12 1.35
Net debt to EBITDA 1.30 4.78 0.24

Dividend

Metric EYE RH Specialty Retail median
Dividend yield — — 1.44%
Payout ratio — — 0.26

Size

Metric EYE RH Specialty Retail median
Market cap 1.40b 2.23b 335.32m

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