LeMaitre Vascular, Inc. (LMAT) vs Stevanato Group S.p.A. (STVN)

LeMaitre Vascular, Inc. and Stevanato Group S.p.A. are both Medical Instruments & Supplies companies. Stevanato Group S.p.A. is the larger, with a market value of $3.6B against $1.9B — 1.9× the size. Stevanato Group S.p.A. trades at the lower P/E: 22.4× against 29.7×. LeMaitre Vascular, Inc. grew revenue faster over the last twelve months: 11.8% against 11.6%. LeMaitre Vascular, Inc. has the higher net margin (23.5% vs 11.2%) and the higher return on invested capital (22.1% vs 6.71%). Both pay a dividend; LeMaitre Vascular, Inc. yields more (1.15% vs 0.48%). Across the 22 metrics below, LeMaitre Vascular, Inc. leads on 15 and Stevanato Group S.p.A. on 7.

Valuation

Metric LMAT STVN Medical Instruments & Supplies median
P/E 29.70 22.38 30.28
P/S 7.04 2.48 2.49
P/B 4.39 1.95 2.34
Price to free cash flow 28.30 n/m 23.49
EV/EBITDA 18.92 11.34 14.87
EV/Sales 6.23 2.75 2.75
Earnings yield 3.37% 4.47% 0.00%
Free cash flow yield 3.53% (0.25%) 0.59%

Profitability

Metric LMAT STVN Medical Instruments & Supplies median
Gross margin 72.04% 29.11% 53.60%
Operating margin 27.73% 16.60% 1.97%
Net margin 23.51% 11.21% 0.00%
Free cash flow margin 24.87% (0.61%) 2.36%
Return on equity 15.62% 9.22% 0.00%
Return on assets 10.10% 5.50% 0.00%
Return on invested capital 22.05% 6.71% 0.13%

Growth

Metric LMAT STVN Medical Instruments & Supplies median
Revenue growth (TTM) 11.83% 11.59% 8.97%
EPS growth (last fiscal year) 30.57% 23.40% 6.51%
Revenue growth, 5-year CAGR 14.05% 12.16% 8.85%
Net income growth, 5-year CAGR 22.16% 12.02% 0.00%

Health

Metric LMAT STVN Medical Instruments & Supplies median
Debt to equity 0.39 0.30 0.10
Current ratio 14.60 1.73 2.47
Net debt to EBITDA (2.40) 1.15 0.97

Dividend

Metric LMAT STVN Medical Instruments & Supplies median
Dividend yield 1.15% 0.48% 1.02%
Payout ratio 0.35 0.11 0.27

Size

Metric LMAT STVN Medical Instruments & Supplies median
Market cap 1.91b 3.61b 1.71b

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