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 is the larger, with a market value of $3.8B against $3.3B — 1.1× the size. Pulse Biosciences, Inc has negative trailing earnings, so its P/E is not meaningful; Envista Holdings Corporation trades at 38.8×. Envista Holdings Corporation grew revenue faster over the last twelve months: 11.9% against −23.3%. Envista Holdings Corporation has the higher net margin (3.33% vs −6,755.8%) and the higher return on invested capital (5.05% vs 0.00%). Across the 18 metrics below, Envista Holdings Corporation leads on 16 and Pulse Biosciences, Inc on 2.

Valuation

Metric NVST PLSE Medical Instruments & Supplies median
P/E 38.81 n/m 33.75
P/S 1.30 2,585.22 2.52
P/B 1.21 30.79 2.48
Price to free cash flow 14.89 n/m 25.19
EV/EBITDA 9.64 n/m 14.62
EV/Sales 1.45 2,554.99 2.88
Earnings yield 2.58% (2.67%) (2.67%)
Free cash flow yield 6.72% (2.00%) 0.09%

Profitability

Metric NVST PLSE Medical Instruments & Supplies median
Gross margin 55.24% 0.25% 54.29%
Operating margin 9.58% (7,007.76%) 1.07%
Net margin 3.33% (6,755.78%) (1.61%)
Free cash flow margin 8.72% (5,180.42%) 1.08%
Return on equity 3.06% (78.49%) (1.32%)
Return on assets 1.69% (67.90%) 0.00%
Return on invested capital 5.05% 0.00% 0.00%

Growth

Metric NVST PLSE Medical Instruments & Supplies median
Revenue growth (TTM) 11.89% (23.25%) 8.85%
EPS growth (last fiscal year) 104.31% (17.39%) 8.65%
Revenue growth, 5-year CAGR 7.11% — 9.17%
Net income growth, 5-year CAGR 7.13% 0.00% 0.00%

Health

Metric NVST PLSE Medical Instruments & Supplies median
Debt to equity 0.47 0.00 0.10
Current ratio 2.43 9.63 2.48
Net debt to EBITDA 0.64 1.06 0.89

Dividend

Metric NVST PLSE Medical Instruments & Supplies median
Dividend yield — — 1.11%
Payout ratio — — 0.27

Size

Metric NVST PLSE Medical Instruments & Supplies median
Market cap 3.77b 3.31b 619.84m

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