Merit Medical Systems, Inc. (MMSI) vs Teleflex Incorporated (TFX)

Merit Medical Systems, Inc. and Teleflex Incorporated are both Medical Instruments & Supplies companies. Merit Medical Systems, Inc. and Teleflex Incorporated are of similar size ($5.2B and $5.1B). Teleflex Incorporated has negative trailing earnings, so its P/E is not meaningful; Merit Medical Systems, Inc. trades at 35.7×. Teleflex Incorporated grew revenue faster over the last twelve months: 110.9% against 10.2%. Merit Medical Systems, Inc. has the higher net margin (9.22% vs −45.8%) and the higher return on invested capital (6.40% vs 0.51%). Across the 20 metrics below, Merit Medical Systems, Inc. leads on 15 and Teleflex Incorporated on 5.

Valuation

Metric MMSI TFX Medical Instruments & Supplies median
P/E 35.71 n/m 34.17
P/S 3.31 2.36 2.83
P/B 3.11 1.83 2.82
Price to free cash flow 26.14 31.58 25.69
EV/EBITDA 16.08 30.55 16.08
EV/Sales 3.49 3.47 3.06
Earnings yield 2.80% (19.07%) (1.84%)
Free cash flow yield 3.83% 3.17% 0.17%

Profitability

Metric MMSI TFX Medical Instruments & Supplies median
Gross margin 49.51% 54.94% 54.62%
Operating margin 12.75% 1.97% 1.64%
Net margin 9.22% (45.76%) 0.00%
Free cash flow margin 12.65% 7.47% 1.61%
Return on equity 9.19% (28.87%) 0.00%
Return on assets 5.34% (14.57%) 0.00%
Return on invested capital 6.40% 0.51% 0.00%

Growth

Metric MMSI TFX Medical Instruments & Supplies median
Revenue growth (TTM) 10.19% 110.94% 9.20%
EPS growth (last fiscal year) 4.93% (1,468.24%) —
Revenue growth, 5-year CAGR 9.48% (4.72%) 9.48%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MMSI TFX Medical Instruments & Supplies median
Debt to equity 0.44 0.97 0.08
Current ratio 4.20 2.60 2.49
Net debt to EBITDA 0.89 7.52 0.83

Dividend

Metric MMSI TFX Medical Instruments & Supplies median
Dividend yield — 0.54% 0.99%
Payout ratio 0.00 0.17 0.00

Size

Metric MMSI TFX Medical Instruments & Supplies median
Market cap 5.21b 5.09b 938.39m

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