908 Devices Inc. (MASS) vs Viemed Healthcare, Inc. (VMD)

908 Devices Inc. and Viemed Healthcare, Inc. are both Medical Devices companies. 908 Devices Inc. is the larger, with a market value of $419.5M against $343.2M — 1.2× the size. 908 Devices Inc. has negative trailing earnings, so its P/E is not meaningful; Viemed Healthcare, Inc. trades at 22.2×. Viemed Healthcare, Inc. grew revenue faster over the last twelve months: 21.8% against 13.4%. Viemed Healthcare, Inc. has the higher net margin (5.03% vs −57.0%) and the higher return on invested capital (10.6% vs −96.4%). Across the 20 metrics below, Viemed Healthcare, Inc. leads on 15 and 908 Devices Inc. on 5.

Valuation

Metric MASS VMD Medical Devices median
P/E n/m 22.16 24.94
P/S 6.59 1.13 2.66
P/B 3.16 2.30 2.36
Price to free cash flow 651.50 22.97 28.12
EV/EBITDA n/m 7.16 11.42
EV/Sales 5.17 1.12 2.76
Earnings yield (8.85%) 4.51% (12.66%)
Free cash flow yield 0.15% 4.35% (7.18%)

Profitability

Metric MASS VMD Medical Devices median
Gross margin 52.16% 57.41% 57.76%
Operating margin (63.98%) 8.22% (14.84%)
Net margin (56.96%) 5.03% (14.45%)
Free cash flow margin 1.01% 4.91% (5.70%)
Return on equity (25.15%) 10.87% (10.56%)
Return on assets (17.81%) 7.62% (17.26%)
Return on invested capital (96.41%) 10.62% (5.22%)

Growth

Metric MASS VMD Medical Devices median
Revenue growth (TTM) 13.35% 21.81% 10.41%
EPS growth (last fiscal year) 125.47% 32.14% 28.17%
Revenue growth, 5-year CAGR 15.88% 15.53% 15.74%
Net income growth, 5-year CAGR 0.00% (13.88%) 0.00%

Health

Metric MASS VMD Medical Devices median
Debt to equity 0.00 0.05 0.04
Current ratio 2.67 1.25 2.67
Net debt to EBITDA 3.17 (0.02) 0.54

Dividend

Metric MASS VMD Medical Devices median
Dividend yield — — 1.02%
Payout ratio — — 0.38

Size

Metric MASS VMD Medical Devices median
Market cap 419.53m 343.17m 221.84m

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