Kestra Medical Technologies, Ltd. (KMTS) vs Envista Holdings Corporation (NVST)

Kestra Medical Technologies, Ltd. and Envista Holdings Corporation are both Medical Instruments & Supplies companies. Envista Holdings Corporation is the larger, with a market value of $3.8B against $1.7B — 2.2× the size. Kestra Medical Technologies, Ltd. has negative trailing earnings, so its P/E is not meaningful; Envista Holdings Corporation trades at 38.8×. Kestra Medical Technologies, Ltd. grew revenue faster over the last twelve months: 60.7% against 11.9%. Envista Holdings Corporation has the higher net margin (3.33% vs −140.4%) and the higher return on invested capital (5.05% vs −93.5%). Across the 17 metrics below, Envista Holdings Corporation leads on 14 and Kestra Medical Technologies, Ltd. on 3.

Valuation

Metric KMTS NVST Medical Instruments & Supplies median
P/E n/m 38.81 33.75
P/S 14.95 1.30 2.52
P/B 7.17 1.21 2.48
Price to free cash flow n/m 14.89 25.19
EV/EBITDA n/m 9.64 14.62
EV/Sales 13.76 1.45 2.88
Earnings yield (9.80%) 2.58% (2.67%)
Free cash flow yield (7.71%) 6.72% 0.09%

Profitability

Metric KMTS NVST Medical Instruments & Supplies median
Gross margin 53.89% 55.24% 54.29%
Operating margin (134.48%) 9.58% 1.07%
Net margin (140.43%) 3.33% (1.61%)
Free cash flow margin (115.31%) 8.72% 1.08%
Return on equity (73.74%) 3.06% (1.32%)
Return on assets (48.85%) 1.69% 0.00%
Return on invested capital (93.49%) 5.05% 0.00%

Growth

Metric KMTS NVST Medical Instruments & Supplies median
Revenue growth (TTM) 60.72% 11.89% 8.85%
EPS growth (last fiscal year) 52.63% 104.31% 8.65%
Revenue growth, 5-year CAGR — 7.11% 9.17%
Net income growth, 5-year CAGR — 7.13% 0.00%

Health

Metric KMTS NVST Medical Instruments & Supplies median
Debt to equity 0.33 0.47 0.10
Current ratio 4.69 2.43 2.48
Net debt to EBITDA 1.24 0.64 0.89

Dividend

Metric KMTS NVST Medical Instruments & Supplies median
Dividend yield — — 1.11%
Payout ratio — — 0.27

Size

Metric KMTS NVST Medical Instruments & Supplies median
Market cap 1.71b 3.77b 619.84m

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