Envista Holdings Corporation (NVST) vs Stevanato Group S.p.A. (STVN)

Envista Holdings Corporation and Stevanato Group S.p.A. are both Medical Instruments & Supplies companies. Stevanato Group S.p.A. is the larger, with a market value of $5.8B against $3.9B — 1.5× the size. Stevanato Group S.p.A. trades at the lower P/E: 37.7× against 40.6×. Stevanato Group S.p.A. grew revenue faster over the last twelve months: 14.3% against 11.9%. Stevanato Group S.p.A. has the higher net margin (11.0% vs 3.33%) and the higher return on invested capital (6.56% vs 5.05%). Across the 21 metrics below, Stevanato Group S.p.A. leads on 11 and Envista Holdings Corporation on 10.

Valuation

Metric NVST STVN Medical Instruments & Supplies median
P/E 40.59 37.73 34.17
P/S 1.36 4.05 2.83
P/B 1.26 3.20 2.82
Price to free cash flow 15.57 n/m 25.69
EV/EBITDA 10.04 18.11 16.08
EV/Sales 1.51 4.34 3.06
Earnings yield 2.46% 2.65% (1.84%)
Free cash flow yield 6.42% (0.60%) 0.17%

Profitability

Metric NVST STVN Medical Instruments & Supplies median
Gross margin 55.24% 29.13% 54.62%
Operating margin 9.58% 16.29% 1.64%
Net margin 3.33% 10.95% 0.00%
Free cash flow margin 8.72% (2.43%) 1.61%
Return on equity 3.06% 9.21% 0.00%
Return on assets 1.69% 5.46% 0.00%
Return on invested capital 5.05% 6.56% 0.00%

Growth

Metric NVST STVN Medical Instruments & Supplies median
Revenue growth (TTM) 11.89% 14.28% 9.20%
EPS growth (last fiscal year) 104.31% 23.40% —
Revenue growth, 5-year CAGR 7.11% 12.16% 9.48%
Net income growth, 5-year CAGR 7.13% 12.02% 0.00%

Health

Metric NVST STVN Medical Instruments & Supplies median
Debt to equity 0.47 0.29 0.08
Current ratio 2.43 1.61 2.49
Net debt to EBITDA 0.64 1.15 0.83

Dividend

Metric NVST STVN Medical Instruments & Supplies median
Dividend yield — 0.07% 0.99%
Payout ratio 0.00 0.10 0.00

Size

Metric NVST STVN Medical Instruments & Supplies median
Market cap 3.87b 5.84b 938.39m

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