Lifeward Ltd. (LFWD) vs Sanuwave Health Inc. (SNWV)

Lifeward Ltd. and Sanuwave Health Inc. are both Medical Devices companies. Sanuwave Health Inc. is the larger, with a market value of $19.4M against $16.3M — 1.2× the size. Lifeward Ltd. has negative trailing earnings, so its P/E is not meaningful; Sanuwave Health Inc. trades at 1.2×. Sanuwave Health Inc. grew revenue faster over the last twelve months: 12.7% against −10.7%. Sanuwave Health Inc. has the higher net margin (34.7% vs −141.3%) and the higher return on invested capital (7.46% vs −126.1%). Across the 18 metrics below, Sanuwave Health Inc. leads on 13 and Lifeward Ltd. on 5.

Valuation

Metric LFWD SNWV Medical Devices median
P/E n/m 1.24 24.94
P/S 0.75 0.43 2.66
P/B 1.34 6.79 2.36
Price to free cash flow n/m 2.02 28.12
EV/EBITDA n/m 8.49 11.42
EV/Sales 0.84 0.65 2.76
Earnings yield (286.56%) 80.91% (12.66%)
Free cash flow yield (104.13%) 49.52% (7.18%)

Profitability

Metric LFWD SNWV Medical Devices median
Gross margin 35.95% 76.33% 57.76%
Operating margin (104.25%) 3.41% (14.84%)
Net margin (141.28%) 34.66% (14.45%)
Free cash flow margin (78.34%) 21.29% (5.70%)
Return on equity (225.65%) (254.57%) (10.56%)
Return on assets (99.81%) 43.82% (17.26%)
Return on invested capital (126.06%) 7.46% (5.22%)

Growth

Metric LFWD SNWV Medical Devices median
Revenue growth (TTM) (10.68%) 12.67% 10.41%
EPS growth (last fiscal year) 57.07% 105.53% 28.17%
Revenue growth, 5-year CAGR 38.06% 61.12% 15.74%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric LFWD SNWV Medical Devices median
Debt to equity 0.70 6.88 0.04
Current ratio 2.33 1.28 2.67
Net debt to EBITDA (0.02) 1.30 0.54

Dividend

Metric LFWD SNWV Medical Devices median
Dividend yield — — 1.02%
Payout ratio — — 0.38

Size

Metric LFWD SNWV Medical Devices median
Market cap 16.25m 19.35m 221.84m

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