InnovAge Holding Corp. (INNV) vs Sonida Senior Living, Inc. (SNDA)

InnovAge Holding Corp. and Sonida Senior Living, Inc. are both Medical Care Facilities companies. Sonida Senior Living, Inc. is the larger, with a market value of $1.8B against $1.3B — 1.3× the size. Sonida Senior Living, Inc. has negative trailing earnings, so its P/E is not meaningful; InnovAge Holding Corp. trades at 124×. Sonida Senior Living, Inc. grew revenue faster over the last twelve months: 70.0% against 15.1%. InnovAge Holding Corp. has the higher net margin (0.88% vs −23.7%) and the higher return on invested capital (6.05% vs −2.00%). Across the 19 metrics below, InnovAge Holding Corp. leads on 15 and Sonida Senior Living, Inc. on 4.

Valuation

Metric INNV SNDA Medical Care Facilities median
P/E 123.84 n/m 17.41
P/S 1.21 2.54 0.98
P/B 4.78 1.83 3.12
Price to free cash flow 16.92 n/m 16.05
EV/EBITDA 30.45 61.20 11.86
EV/Sales 1.10 4.85 1.37
Earnings yield 0.81% (15.74%) 3.53%
Free cash flow yield 5.91% (2.60%) 5.41%

Profitability

Metric INNV SNDA Medical Care Facilities median
Gross margin 23.57% 34.32% 30.78%
Operating margin 1.42% (11.84%) 5.97%
Net margin 0.88% (23.72%) 3.05%
Free cash flow margin 7.49% (6.59%) 6.97%
Return on equity 3.54% (33.00%) 5.03%
Return on assets 1.68% (8.61%) 2.78%
Return on invested capital 6.05% (2.00%) 5.47%

Growth

Metric INNV SNDA Medical Care Facilities median
Revenue growth (TTM) 15.11% 69.98% 6.38%
EPS growth (last fiscal year) 90.91% (681.48%) 21.70%
Revenue growth, 5-year CAGR 9.19% (0.14%) 9.94%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric INNV SNDA Medical Care Facilities median
Debt to equity 0.21 1.87 0.37
Current ratio 1.16 1.47 1.37
Net debt to EBITDA (3.47) 40.90 1.32

Dividend

Metric INNV SNDA Medical Care Facilities median
Dividend yield — — 0.57%
Payout ratio — — 0.12

Size

Metric INNV SNDA Medical Care Facilities median
Market cap 1.34b 1.78b 1.62b

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