Fresenius Medical Care AG & Co. KGaA (FMS) vs LifeStance Health Group, Inc. (LFST)

Fresenius Medical Care AG & Co. KGaA and LifeStance Health Group, Inc. are both Medical Care Facilities companies. Fresenius Medical Care AG & Co. KGaA is the larger, with a market value of $11.9B against $4.5B — 2.6× the size. Fresenius Medical Care AG & Co. KGaA trades at the lower P/E: 11.8× against 89.0×. LifeStance Health Group, Inc. grew revenue faster over the last twelve months: 20.4% against 6.74%. Fresenius Medical Care AG & Co. KGaA has the higher net margin (4.78% vs 3.19%) and the higher return on invested capital (5.78% vs 3.25%). Across the 22 metrics below, Fresenius Medical Care AG & Co. KGaA leads on 13 and LifeStance Health Group, Inc. on 9.

Valuation

Metric FMS LFST Medical Care Facilities median
P/E 11.76 89.02 19.16
P/S 0.54 2.87 0.90
P/B 0.77 3.07 2.91
Price to free cash flow 5.93 26.11 12.62
EV/EBITDA 4.95 34.13 10.06
EV/Sales 0.85 2.89 1.35
Earnings yield 8.51% 1.12% 2.30%
Free cash flow yield 16.85% 3.83% 4.14%

Profitability

Metric FMS LFST Medical Care Facilities median
Gross margin 26.32% 33.56% 30.78%
Operating margin 9.31% 4.95% 5.74%
Net margin 4.78% 3.19% 2.32%
Free cash flow margin 9.05% 10.97% 5.46%
Return on equity 6.77% 3.43% 8.76%
Return on assets 3.01% 2.34% 2.18%
Return on invested capital 5.78% 3.25% 5.40%

Growth

Metric FMS LFST Medical Care Facilities median
Revenue growth (TTM) 6.74% 20.38% 7.12%
EPS growth (last fiscal year) 93.88% 113.33% —
Revenue growth, 5-year CAGR 1.71% 30.44% 9.58%
Net income growth, 5-year CAGR (3.61%) 0.00% 0.00%

Health

Metric FMS LFST Medical Care Facilities median
Debt to equity 0.56 0.18 0.30
Current ratio 1.07 1.38 1.22
Net debt to EBITDA 1.58 0.22 1.32

Dividend

Metric FMS LFST Medical Care Facilities median
Dividend yield 2.67% — 0.85%
Payout ratio 0.00 0.00 0.00

Size

Metric FMS LFST Medical Care Facilities median
Market cap 11.90b 4.51b 1.34b

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