LivaNova PLC (LIVN) vs TransMedics Group, Inc. (TMDX)

LivaNova PLC and TransMedics Group, Inc. are both Medical Devices companies. LivaNova PLC is the larger, with a market value of $4.2B against $2.9B — 1.4× the size. TransMedics Group, Inc. trades at the lower P/E: 19.3× against 22.2×. TransMedics Group, Inc. grew revenue faster over the last twelve months: 25.8% against 12.4%. TransMedics Group, Inc. has the higher net margin (22.7% vs 12.8%) and the lower return on invested capital (5.62% vs 10.6%). Across the 21 metrics below, LivaNova PLC leads on 11 and TransMedics Group, Inc. on 10.

Valuation

Metric LIVN TMDX Medical Devices median
P/E 22.18 19.30 22.18
P/S 2.86 4.41 2.70
P/B 3.17 5.69 2.46
Price to free cash flow 27.63 37.31 22.53
EV/EBITDA 14.61 28.28 11.78
EV/Sales 2.71 4.99 2.38
Earnings yield 4.51% 5.18% (8.22%)
Free cash flow yield 3.62% 2.68% (7.80%)

Profitability

Metric LIVN TMDX Medical Devices median
Gross margin 68.10% 58.69% 56.01%
Operating margin 12.74% 12.21% (15.03%)
Net margin 12.81% 22.69% (20.40%)
Free cash flow margin 10.57% 11.82% (7.24%)
Return on equity 15.40% 36.28% (15.32%)
Return on assets 7.33% 12.88% (19.72%)
Return on invested capital 10.63% 5.62% (10.33%)

Growth

Metric LIVN TMDX Medical Devices median
Revenue growth (TTM) 12.39% 25.82% 8.80%
EPS growth (last fiscal year) (483.62%) 382.18% —
Revenue growth, 5-year CAGR 8.24% 88.21% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric LIVN TMDX Medical Devices median
Debt to equity 0.22 1.66 0.07
Current ratio 1.45 6.63 2.50
Net debt to EBITDA (0.92) 0.18 0.49

Dividend

Metric LIVN TMDX Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric LIVN TMDX Medical Devices median
Market cap 4.16b 2.91b 172.91m

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