Lifeway Foods, Inc. (LWAY) vs USANA Health Sciences, Inc. (USNA)

Lifeway Foods, Inc. and USANA Health Sciences, Inc. are both Packaged Foods companies. Lifeway Foods, Inc. is the larger, with a market value of $331.0M against $263.5M — 1.3× the size. USANA Health Sciences, Inc. has negative trailing earnings, so its P/E is not meaningful; Lifeway Foods, Inc. trades at 30.2×. Lifeway Foods, Inc. grew revenue faster over the last twelve months: 25.6% against 1.57%. Lifeway Foods, Inc. has the higher net margin (4.48% vs −2.43%) and the higher return on invested capital (9.89% vs −0.19%). Across the 20 metrics below, Lifeway Foods, Inc. leads on 10 and USANA Health Sciences, Inc. on 10.

Valuation

Metric LWAY USNA Packaged Foods median
P/E 30.19 n/m 12.69
P/S 1.36 0.29 0.61
P/B 3.90 0.51 1.47
Price to free cash flow n/m 13.47 8.50
EV/EBITDA 17.29 1.59 8.20
EV/Sales 1.43 0.12 0.85
Earnings yield 3.31% (8.34%) 0.00%
Free cash flow yield (9.37%) 7.42% 6.05%

Profitability

Metric LWAY USNA Packaged Foods median
Gross margin 25.64% 77.45% 27.54%
Operating margin 6.49% (0.12%) 0.00%
Net margin 4.48% (2.43%) 0.00%
Free cash flow margin (12.74%) 2.18% 2.56%
Return on equity 13.32% (4.19%) 0.00%
Return on assets 9.43% (3.08%) 0.00%
Return on invested capital 9.89% (0.19%) 0.00%

Growth

Metric LWAY USNA Packaged Foods median
Revenue growth (TTM) 25.59% 1.57% 5.69%
EPS growth (last fiscal year) 48.33% (73.52%) —
Revenue growth, 5-year CAGR 15.81% (4.00%) 3.81%
Net income growth, 5-year CAGR 33.80% (38.73%) 0.00%

Health

Metric LWAY USNA Packaged Foods median
Debt to equity 0.26 0.00 0.26
Current ratio 2.09 2.66 1.64
Net debt to EBITDA (0.28) (2.05) 0.87

Dividend

Metric LWAY USNA Packaged Foods median
Dividend yield — — 3.21%
Payout ratio 0.00 0.00 0.00

Size

Metric LWAY USNA Packaged Foods median
Market cap 330.99m 263.48m 245.45m

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