Neogen Corporation (NEOG) vs UFP Technologies, Inc. (UFPT)

Neogen Corporation and UFP Technologies, Inc. are both Medical Devices companies. Neogen Corporation is the larger, with a market value of $3.0B against $2.3B — 1.3× the size. Neogen Corporation has negative trailing earnings, so its P/E is not meaningful; UFP Technologies, Inc. trades at 31.6×. UFP Technologies, Inc. grew revenue faster over the last twelve months: 7.32% against −2.72%. UFP Technologies, Inc. has the higher net margin (11.5% vs −0.91%) and the higher return on invested capital (10.3% vs −0.50%). Across the 21 metrics below, UFP Technologies, Inc. leads on 16 and Neogen Corporation on 5.

Valuation

Metric NEOG UFPT Medical Devices median
P/E n/m 31.59 22.18
P/S 3.44 3.62 2.70
P/B 1.43 4.95 2.46
Price to free cash flow 93.53 37.21 22.53
EV/EBITDA 35.39 20.78 11.78
EV/Sales 4.16 3.82 2.38
Earnings yield (0.22%) 3.17% (8.22%)
Free cash flow yield 1.07% 2.69% (7.80%)

Profitability

Metric NEOG UFPT Medical Devices median
Gross margin 46.93% 28.50% 56.01%
Operating margin (2.48%) 15.25% (15.03%)
Net margin (0.91%) 11.45% (20.40%)
Free cash flow margin 3.68% 9.74% (7.24%)
Return on equity (0.38%) 17.05% (15.32%)
Return on assets (0.23%) 10.98% (19.72%)
Return on invested capital (0.50%) 10.29% (10.33%)

Growth

Metric NEOG UFPT Medical Devices median
Revenue growth (TTM) (2.72%) 7.32% 8.80%
EPS growth (last fiscal year) 99.20% 15.44% —
Revenue growth, 5-year CAGR 13.19% 27.43% 15.23%
Net income growth, 5-year CAGR 0.00% 38.57% 0.00%

Health

Metric NEOG UFPT Medical Devices median
Debt to equity 0.38 0.28 0.07
Current ratio 3.82 3.00 2.50
Net debt to EBITDA 5.95 1.16 0.49

Dividend

Metric NEOG UFPT Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric NEOG UFPT Medical Devices median
Market cap 2.98b 2.31b 172.91m

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