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 ($1.9B and $1.8B). DENTSPLY SIRONA Inc. has negative trailing earnings, so its P/E is not meaningful; LeMaitre Vascular, Inc. trades at 27.9×. LeMaitre Vascular, Inc. grew revenue faster over the last twelve months: 11.9% against −0.76%. LeMaitre Vascular, Inc. has the higher net margin (25.0% vs −15.0%) and the higher return on invested capital (22.7% vs −6.23%). Both pay a dividend; DENTSPLY SIRONA Inc. yields more (1.87% vs 1.18%). 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 27.87 n/m 33.75
P/S 7.04 0.47 2.52
P/B 4.40 1.27 2.48
Price to free cash flow 25.03 12.05 25.19
EV/EBITDA 18.52 8.50 14.62
EV/Sales 6.26 0.95 2.88
Earnings yield 3.59% (32.09%) (2.67%)
Free cash flow yield 3.99% 8.30% 0.09%

Profitability

Metric LMAT XRAY Medical Instruments & Supplies median
Gross margin 72.90% 49.52% 54.29%
Operating margin 29.46% (8.51%) 1.07%
Net margin 25.02% (14.99%) (1.61%)
Free cash flow margin 28.13% 4.04% 1.08%
Return on equity 16.77% (32.97%) (1.32%)
Return on assets 10.78% (9.69%) 0.00%
Return on invested capital 22.67% (6.23%) 0.00%

Growth

Metric LMAT XRAY Medical Instruments & Supplies median
Revenue growth (TTM) 11.85% (0.76%) 8.85%
EPS growth (last fiscal year) 30.57% 33.04% 8.65%
Revenue growth, 5-year CAGR 14.05% 1.96% 9.17%
Net income growth, 5-year CAGR 22.16% 0.00% 0.00%

Health

Metric LMAT XRAY Medical Instruments & Supplies median
Debt to equity 0.40 1.48 0.10
Current ratio 16.31 1.63 2.48
Net debt to EBITDA (2.40) 3.71 0.89

Dividend

Metric LMAT XRAY Medical Instruments & Supplies median
Dividend yield 1.18% 1.87% 1.11%
Payout ratio 0.33 — 0.27

Size

Metric LMAT XRAY Medical Instruments & Supplies median
Market cap 1.90b 1.76b 619.84m

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