Nephros Inc. (NEPH) vs Retractable Technologies, Inc. (RVP)

Nephros Inc. and Retractable Technologies, Inc. are both Medical Instruments & Supplies companies. Nephros Inc. is the larger, with a market value of $38.1M against $17.6M — 2.2× the size. Retractable Technologies, Inc. has negative trailing earnings, so its P/E is not meaningful; Nephros Inc. trades at 23.4×. Nephros Inc. grew revenue faster over the last twelve months: 24.2% against −11.2%. Nephros Inc. has the higher net margin (8.38% vs −10.6%) and the higher return on invested capital (14.1% vs −42.1%). Across the 19 metrics below, Nephros Inc. leads on 14 and Retractable Technologies, Inc. on 5.

Valuation

Metric NEPH RVP Medical Instruments & Supplies median
P/E 23.43 n/m 33.75
P/S 1.91 0.51 2.52
P/B 3.31 0.24 2.48
Price to free cash flow n/m n/m 25.19
EV/EBITDA 19.82 1.47 14.62
EV/Sales 1.69 (0.64) 2.88
Earnings yield 4.27% (20.69%) (2.67%)
Free cash flow yield (1.98%) (29.42%) 0.09%

Profitability

Metric NEPH RVP Medical Instruments & Supplies median
Gross margin 61.26% (1.45%) 54.29%
Operating margin 7.92% (66.90%) 1.07%
Net margin 8.38% (10.62%) (1.61%)
Free cash flow margin (3.19%) (15.07%) 1.08%
Return on equity 16.10% (4.84%) (1.32%)
Return on assets 12.39% (2.49%) 0.00%
Return on invested capital 14.11% (42.05%) 0.00%

Growth

Metric NEPH RVP Medical Instruments & Supplies median
Revenue growth (TTM) 24.20% (11.16%) 8.85%
EPS growth (last fiscal year) 1,471.43% (7.50%) 8.65%
Revenue growth, 5-year CAGR 17.02% (14.11%) 9.17%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric NEPH RVP Medical Instruments & Supplies median
Debt to equity 0.00 0.01 0.10
Current ratio 4.07 4.93 2.48
Net debt to EBITDA (4.20) 2.69 0.89

Dividend

Metric NEPH RVP Medical Instruments & Supplies median
Dividend yield — — 1.11%
Payout ratio — — 0.27

Size

Metric NEPH RVP Medical Instruments & Supplies median
Market cap 38.12m 17.61m 619.84m

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