GE HealthCare Technologies Inc. (GEHC) vs Koninklijke Philips N.V. (PHG)

GE HealthCare Technologies Inc. and Koninklijke Philips N.V. are both Medical Devices companies. GE HealthCare Technologies Inc. is the larger, with a market value of $29.9B against $24.0B — 1.2× the size. GE HealthCare Technologies Inc. trades at the lower P/E: 15.3× against 18.2×. Koninklijke Philips N.V. grew revenue faster over the last twelve months: 9.11% against 6.51%. GE HealthCare Technologies Inc. has the higher net margin (9.33% vs 6.24%) and the higher return on invested capital (8.37% vs 6.69%). Both pay a dividend; Koninklijke Philips N.V. yields more (4.19% vs 0.13%). Across the 23 metrics below, Koninklijke Philips N.V. leads on 14 and GE HealthCare Technologies Inc. on 9.

Valuation

Metric GEHC PHG Medical Devices median
P/E 15.28 18.23 22.18
P/S 1.42 1.16 2.70
P/B 2.75 1.79 2.46
Price to free cash flow 19.12 12.89 22.53
EV/EBITDA 11.85 8.56 11.78
EV/Sales 1.86 1.41 2.38
Earnings yield 6.54% 5.48% (8.22%)
Free cash flow yield 5.23% 7.76% (7.80%)

Profitability

Metric GEHC PHG Medical Devices median
Gross margin 39.54% 45.93% 56.01%
Operating margin 12.86% 9.64% (15.03%)
Net margin 9.33% 6.24% (20.40%)
Free cash flow margin 7.42% 8.99% (7.24%)
Return on equity 19.15% 10.20% (15.32%)
Return on assets 5.45% 4.21% (19.72%)
Return on invested capital 8.37% 6.69% (10.33%)

Growth

Metric GEHC PHG Medical Devices median
Revenue growth (TTM) 6.51% 9.11% 8.80%
EPS growth (last fiscal year) 4.84% 229.63% —
Revenue growth, 5-year CAGR 3.74% (1.99%) 15.23%
Net income growth, 5-year CAGR (31.53%) (5.67%) 0.00%

Health

Metric GEHC PHG Medical Devices median
Debt to equity 1.05 0.55 0.07
Current ratio 1.26 1.26 2.50
Net debt to EBITDA 2.14 1.59 0.49

Dividend

Metric GEHC PHG Medical Devices median
Dividend yield 0.13% 4.19% 0.94%
Payout ratio — 0.00 0.00

Size

Metric GEHC PHG Medical Devices median
Market cap 29.86b 24.04b 172.91m

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