Standard BioTools Inc. (LAB) vs Avita Medical Inc. (RCEL)

Standard BioTools Inc. and Avita Medical Inc. are both Medical Devices companies. Standard BioTools Inc. and Avita Medical Inc. are of similar size ($291.7M and $289.1M). Avita Medical Inc. has negative trailing earnings, so its P/E is not meaningful; Standard BioTools Inc. trades at 3.4×. Standard BioTools Inc. grew revenue faster over the last twelve months: 30.2% against 1.00%. Standard BioTools Inc. has the higher net margin (100.4% vs −57.0%) and the higher return on invested capital (−93.9% vs −306.2%). Across the 17 metrics below, Standard BioTools Inc. leads on 9 and Avita Medical Inc. on 8.

Valuation

Metric LAB RCEL Medical Devices median
P/E 3.36 n/m 22.18
P/S 3.42 0.24 2.70
P/B 0.54 n/m 2.46
Price to free cash flow n/m n/m 22.53
EV/EBITDA 1.96 n/m 11.78
EV/Sales (2.15) 1.26 2.38
Earnings yield 29.73% (242.47%) (8.22%)
Free cash flow yield (30.83%) (139.60%) (7.80%)

Profitability

Metric LAB RCEL Medical Devices median
Gross margin 50.49% 81.56% 56.01%
Operating margin (112.85%) (49.79%) (15.03%)
Net margin 100.37% (56.96%) (20.40%)
Free cash flow margin (97.61%) (33.38%) (7.24%)
Return on equity 17.61% 211.55% (15.32%)
Return on assets 14.34% (81.36%) (19.72%)
Return on invested capital (93.89%) (306.20%) (10.33%)

Growth

Metric LAB RCEL Medical Devices median
Revenue growth (TTM) 30.23% 1.00% 8.80%
EPS growth (last fiscal year) 61.54% 27.02% —
Revenue growth, 5-year CAGR (9.19%) 19.63% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric LAB RCEL Medical Devices median
Debt to equity 0.00 (1.68) 0.07
Current ratio 9.10 0.41 2.50
Net debt to EBITDA 1.84 (0.60) 0.49

Dividend

Metric LAB RCEL Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric LAB RCEL Medical Devices median
Market cap 291.69m 289.14m 172.91m

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