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. Envista Holdings Corporation is the larger, with a market value of $4.0B against $3.6B — 1.1× the size. Envista Holdings Corporation trades at the lower P/E: 6.4× against 22.4×. Stevanato Group S.p.A. grew revenue faster over the last twelve months: 11.6% against 9.78%. Envista Holdings Corporation has the higher net margin (22.0% vs 11.2%) and the higher return on invested capital (13.6% vs 6.71%). Across the 21 metrics below, Envista Holdings Corporation leads on 17 and Stevanato Group S.p.A. on 4.

Valuation

Metric NVST STVN Medical Instruments & Supplies median
P/E 6.36 22.38 30.28
P/S 1.40 2.48 2.49
P/B 1.30 1.95 2.34
Price to free cash flow 16.42 n/m 23.49
EV/EBITDA 10.27 11.34 14.87
EV/Sales 1.53 2.75 2.75
Earnings yield 15.73% 4.47% 0.00%
Free cash flow yield 6.09% (0.25%) 0.59%

Profitability

Metric NVST STVN Medical Instruments & Supplies median
Gross margin 55.88% 29.11% 53.60%
Operating margin 25.41% 16.60% 1.97%
Net margin 22.01% 11.21% 0.00%
Free cash flow margin 8.50% (0.61%) 2.36%
Return on equity 20.52% 9.22% 0.00%
Return on assets 11.26% 5.50% 0.00%
Return on invested capital 13.61% 6.71% 0.13%

Growth

Metric NVST STVN Medical Instruments & Supplies median
Revenue growth (TTM) 9.78% 11.59% 8.97%
EPS growth (last fiscal year) 104.31% 23.40% 6.51%
Revenue growth, 5-year CAGR 7.11% 12.16% 8.85%
Net income growth, 5-year CAGR 7.13% 12.02% 0.00%

Health

Metric NVST STVN Medical Instruments & Supplies median
Debt to equity 0.46 0.30 0.10
Current ratio 2.45 1.73 2.47
Net debt to EBITDA 0.64 1.15 0.97

Dividend

Metric NVST STVN Medical Instruments & Supplies median
Dividend yield — 0.48% 1.02%
Payout ratio — 0.11 0.27

Size

Metric NVST STVN Medical Instruments & Supplies median
Market cap 4.01b 3.61b 1.71b

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