InspireMD, Inc. (NSPR) vs Sanuwave Health Inc. (SNWV)

InspireMD, Inc. and Sanuwave Health Inc. are both Medical Devices companies. Sanuwave Health Inc. is the larger, with a market value of $41.7M against $32.5M — 1.3× the size. InspireMD, Inc. has negative trailing earnings, so its P/E is not meaningful; Sanuwave Health Inc. trades at 3.0×. InspireMD, Inc. grew revenue faster over the last twelve months: 53.4% against 12.7%. Sanuwave Health Inc. has the higher net margin (34.7% vs −484.1%) and the higher return on invested capital (7.46% vs −3,071.0%). Across the 18 metrics below, Sanuwave Health Inc. leads on 12 and InspireMD, Inc. on 6.

Valuation

Metric NSPR SNWV Medical Devices median
P/E n/m 3.04 22.18
P/S 5.47 0.98 2.70
P/B 1.88 15.55 2.46
Price to free cash flow n/m 4.63 22.53
EV/EBITDA n/m 15.70 11.78
EV/Sales 2.80 1.21 2.38
Earnings yield (91.43%) 32.94% (8.22%)
Free cash flow yield (71.62%) 21.62% (7.80%)

Profitability

Metric NSPR SNWV Medical Devices median
Gross margin 18.05% 76.33% 56.01%
Operating margin (494.03%) 3.41% (15.03%)
Net margin (484.11%) 34.66% (20.40%)
Free cash flow margin (391.53%) 21.29% (7.24%)
Return on equity (202.81%) (254.57%) (15.32%)
Return on assets (134.60%) 43.82% (19.72%)
Return on invested capital (3,070.99%) 7.46% (10.33%)

Growth

Metric NSPR SNWV Medical Devices median
Revenue growth (TTM) 53.42% 12.67% 8.80%
EPS growth (last fiscal year) 0.00% 118.50% —
Revenue growth, 5-year CAGR 29.29% 61.12% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric NSPR SNWV Medical Devices median
Debt to equity 0.00 6.88 0.07
Current ratio 3.80 1.28 2.50
Net debt to EBITDA 1.10 1.30 0.49

Dividend

Metric NSPR SNWV Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 — 0.00

Size

Metric NSPR SNWV Medical Devices median
Market cap 32.54m 41.72m 172.91m

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