MiniMed Group, Inc. (MMED) vs Stevanato Group S.p.A. (STVN)

MiniMed Group, Inc. and Stevanato Group S.p.A. are both Medical Instruments & Supplies companies. MiniMed Group, Inc. is the larger, with a market value of $5.1B against $3.6B — 1.4× the size. MiniMed Group, Inc. has negative trailing earnings, so its P/E is not meaningful; Stevanato Group S.p.A. trades at 22.4×. Stevanato Group S.p.A. has the higher net margin (11.2% vs −4.86%) and the higher return on invested capital (6.71% vs −1.61%). Across the 16 metrics below, Stevanato Group S.p.A. leads on 10 and MiniMed Group, Inc. on 6.

Valuation

Metric MMED STVN Medical Instruments & Supplies median
P/E n/m 22.38 30.28
P/S 1.68 2.48 2.49
P/B 1.42 1.95 2.34
Price to free cash flow n/m n/m 23.49
EV/EBITDA n/m 11.34 14.87
EV/Sales 1.62 2.75 2.75
Earnings yield (3.24%) 4.47% 0.00%
Free cash flow yield (8.82%) (0.25%) 0.59%

Profitability

Metric MMED STVN Medical Instruments & Supplies median
Gross margin 53.60% 29.11% 53.60%
Operating margin (2.89%) 16.60% 1.97%
Net margin (4.86%) 11.21% 0.00%
Free cash flow margin (14.85%) (0.61%) 2.36%
Return on equity 0.00% 9.22% 0.00%
Return on assets (6.27%) 5.50% 0.00%
Return on invested capital (1.61%) 6.71% 0.13%

Growth

Metric MMED STVN Medical Instruments & Supplies median
Revenue growth (TTM) — 11.59% 8.97%
EPS growth (last fiscal year) (53.57%) 23.40% 6.51%
Revenue growth, 5-year CAGR — 12.16% 8.85%
Net income growth, 5-year CAGR — 12.02% 0.00%

Health

Metric MMED STVN Medical Instruments & Supplies median
Debt to equity 0.00 0.30 0.10
Current ratio 1.81 1.73 2.47
Net debt to EBITDA 8.76 1.15 0.97

Dividend

Metric MMED STVN Medical Instruments & Supplies median
Dividend yield — 0.48% 1.02%
Payout ratio — 0.11 0.27

Size

Metric MMED STVN Medical Instruments & Supplies median
Market cap 5.11b 3.61b 1.71b

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