LeMaitre Vascular, Inc. (LMAT) vs DENTSPLY SIRONA Inc. (XRAY)

LeMaitre Vascular, Inc. and DENTSPLY SIRONA Inc. are both Medical Instruments & Supplies companies. LeMaitre Vascular, Inc. and DENTSPLY SIRONA Inc. are of similar size ($2.0B and $1.9B). DENTSPLY SIRONA Inc. has negative trailing earnings, so its P/E is not meaningful; LeMaitre Vascular, Inc. trades at 29.7×. LeMaitre Vascular, Inc. grew revenue faster over the last twelve months: 11.8% against −1.35%. LeMaitre Vascular, Inc. has the higher net margin (23.5% vs −3.38%) and the higher return on invested capital (22.1% vs −1.09%). Both pay a dividend; DENTSPLY SIRONA Inc. yields more (1.59% vs 1.15%). Across the 22 metrics below, LeMaitre Vascular, Inc. leads on 14 and DENTSPLY SIRONA Inc. on 8.

Valuation

Metric LMAT XRAY Medical Instruments & Supplies median
P/E 29.70 n/m 30.28
P/S 7.04 0.56 2.49
P/B 4.39 1.48 2.34
Price to free cash flow 28.30 21.14 23.49
EV/EBITDA 18.92 9.31 14.87
EV/Sales 6.23 1.06 2.75
Earnings yield 3.37% (6.15%) 0.00%
Free cash flow yield 3.53% 4.73% 0.59%

Profitability

Metric LMAT XRAY Medical Instruments & Supplies median
Gross margin 72.04% 50.52% 53.60%
Operating margin 27.73% (1.54%) 1.97%
Net margin 23.51% (3.38%) 0.00%
Free cash flow margin 24.87% 7.61% 2.36%
Return on equity 15.62% (8.55%) 0.00%
Return on assets 10.10% (2.23%) 0.00%
Return on invested capital 22.05% (1.09%) 0.13%

Growth

Metric LMAT XRAY Medical Instruments & Supplies median
Revenue growth (TTM) 11.83% (1.35%) 8.97%
EPS growth (last fiscal year) 30.57% 33.04% 6.51%
Revenue growth, 5-year CAGR 14.05% 1.96% 8.85%
Net income growth, 5-year CAGR 22.16% 0.00% 0.00%

Health

Metric LMAT XRAY Medical Instruments & Supplies median
Debt to equity 0.39 1.47 0.10
Current ratio 14.60 1.63 2.47
Net debt to EBITDA (2.40) 3.71 0.97

Dividend

Metric LMAT XRAY Medical Instruments & Supplies median
Dividend yield 1.15% 1.59% 1.02%
Payout ratio 0.35 — 0.27

Size

Metric LMAT XRAY Medical Instruments & Supplies median
Market cap 1.91b 2.01b 1.71b

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