NeuroPace, Inc. (NPCE) vs Avita Medical Inc. (RCEL)

NeuroPace, Inc. and Avita Medical Inc. are both Medical Devices companies. NeuroPace, Inc. is the larger, with a market value of $435.6M against $389.5M — 1.1× the size. Avita Medical Inc. grew revenue faster over the last twelve months: 17.0% against 11.6%. NeuroPace, Inc. has the higher net margin (−19.3% vs −42.7%) and the lower return on invested capital (−44.6% vs 0.00%). Across the 17 metrics below, NeuroPace, Inc. leads on 10 and Avita Medical Inc. on 7.

Valuation

Metric NPCE RCEL Medical Devices median
P/E n/m n/m 25.58
P/S 4.35 5.72 2.54
P/B 36.22 n/m 2.48
Price to free cash flow n/m n/m 28.81
EV/EBITDA n/m n/m 11.51
EV/Sales 4.47 6.68 2.72
Earnings yield (4.52%) (7.47%) (12.82%)
Free cash flow yield (2.70%) (4.15%) (8.18%)

Profitability

Metric NPCE RCEL Medical Devices median
Gross margin 81.57% 82.36% 57.76%
Operating margin (13.87%) (35.94%) (15.07%)
Net margin (19.34%) (42.65%) (14.45%)
Free cash flow margin (11.75%) (23.52%) (3.88%)
Return on equity (122.05%) 191.59% (10.35%)
Return on assets (18.82%) (65.36%) (17.26%)
Return on invested capital (44.64%) 0.00% (5.27%)

Growth

Metric NPCE RCEL Medical Devices median
Revenue growth (TTM) 11.59% 16.97% 10.41%
EPS growth (last fiscal year) 29.03% 27.02% 28.17%
Revenue growth, 5-year CAGR 19.44% 19.63% 15.74%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric NPCE RCEL Medical Devices median
Debt to equity 4.97 (1.47) 0.04
Current ratio 4.94 1.20 2.74
Net debt to EBITDA 0.15 (0.60) 0.54

Dividend

Metric NPCE RCEL Medical Devices median
Dividend yield — — 1.02%
Payout ratio — — 0.37

Size

Metric NPCE RCEL Medical Devices median
Market cap 435.58m 389.49m 239.53m

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