LENSAR, Inc. (LNSR) vs Zomedica Corp. (ZOMDF)

LENSAR, Inc. and Zomedica Corp. are both Medical Devices companies. LENSAR, Inc. and Zomedica Corp. are of similar size ($95.4M and $86.9M). Zomedica Corp. has negative trailing earnings, so its P/E is not meaningful; LENSAR, Inc. trades at 2.4×. Zomedica Corp. grew revenue faster over the last twelve months: 30.1% against 3.26%. LENSAR, Inc. has the higher net margin (57.6% vs −51.4%) and the lower return on invested capital (−379.0% vs −20.5%). Across the 16 metrics below, LENSAR, Inc. leads on 8 and Zomedica Corp. on 8.

Valuation

Metric LNSR ZOMDF Medical Devices median
P/E 2.43 n/m 22.18
P/S 1.41 2.13 2.70
P/B 5.71 0.73 2.46
Price to free cash flow n/m n/m 22.53
EV/EBITDA n/m n/m 11.78
EV/Sales 1.22 0.95 2.38
Earnings yield 41.11% (24.00%) (8.22%)
Free cash flow yield (8.70%) (19.17%) (7.80%)

Profitability

Metric LNSR ZOMDF Medical Devices median
Gross margin 48.34% 65.44% 56.01%
Operating margin (13.48%) (56.28%) (15.03%)
Net margin 57.57% (51.39%) (20.40%)
Free cash flow margin (12.29%) (40.75%) (7.24%)
Return on equity (851.75%) (16.29%) (15.32%)
Return on assets 49.58% (14.88%) (19.72%)
Return on invested capital (379.01%) (20.54%) (10.33%)

Growth

Metric LNSR ZOMDF Medical Devices median
Revenue growth (TTM) 3.26% 30.05% 8.80%
EPS growth (last fiscal year) (5.13%) (60.00%) —
Revenue growth, 5-year CAGR 17.24% — 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric LNSR ZOMDF Medical Devices median
Debt to equity 0.00 0.00 0.07
Current ratio 2.39 6.43 2.50
Net debt to EBITDA 0.89 0.69 0.49

Dividend

Metric LNSR ZOMDF Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric LNSR ZOMDF Medical Devices median
Market cap 86.92m 95.35m 172.91m

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