Envista Holdings Corporation (NVST) vs Pulse Biosciences, Inc (PLSE)

Envista Holdings Corporation and Pulse Biosciences, Inc are both Medical Instruments & Supplies companies. Envista Holdings Corporation and Pulse Biosciences, Inc are of similar size ($4.0B and $3.9B). Pulse Biosciences, Inc has negative trailing earnings, so its P/E is not meaningful; Envista Holdings Corporation trades at 6.4×. Pulse Biosciences, Inc grew revenue faster over the last twelve months: 90.1% against 9.78%. Envista Holdings Corporation has the higher net margin (22.0% vs −5,609.4%) and the higher return on invested capital (13.6% vs −37.0%). Across the 18 metrics below, Envista Holdings Corporation leads on 15 and Pulse Biosciences, Inc on 3.

Valuation

Metric NVST PLSE Medical Instruments & Supplies median
P/E 6.36 n/m 30.28
P/S 1.40 2,558.93 2.49
P/B 1.30 20.83 2.34
Price to free cash flow 16.42 n/m 23.49
EV/EBITDA 10.27 n/m 14.87
EV/Sales 1.53 2,578.39 2.75
Earnings yield 15.73% (2.28%) 0.00%
Free cash flow yield 6.09% (5.65%) 0.59%

Profitability

Metric NVST PLSE Medical Instruments & Supplies median
Gross margin 55.88% 26.77% 53.60%
Operating margin 25.41% (5,821.08%) 1.97%
Net margin 22.01% (5,609.44%) 0.00%
Free cash flow margin 8.50% (14,462.52%) 2.36%
Return on equity 20.52% (60.67%) 0.00%
Return on assets 11.26% (54.01%) 0.00%
Return on invested capital 13.61% (37.01%) 0.13%

Growth

Metric NVST PLSE Medical Instruments & Supplies median
Revenue growth (TTM) 9.78% 90.08% 8.97%
EPS growth (last fiscal year) 104.31% (17.39%) 6.51%
Revenue growth, 5-year CAGR 7.11% — 8.85%
Net income growth, 5-year CAGR 7.13% 0.00% 0.00%

Health

Metric NVST PLSE Medical Instruments & Supplies median
Debt to equity 0.46 0.00 0.10
Current ratio 2.45 14.35 2.47
Net debt to EBITDA 0.64 1.06 0.97

Dividend

Metric NVST PLSE Medical Instruments & Supplies median
Dividend yield — — 1.02%
Payout ratio — — 0.27

Size

Metric NVST PLSE Medical Instruments & Supplies median
Market cap 4.01b 3.86b 1.71b

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