Envista Holdings Corporation (NVST) vs Teleflex Incorporated (TFX)

Envista Holdings Corporation and Teleflex Incorporated are both Medical Instruments & Supplies companies. Teleflex Incorporated is the larger, with a market value of $6.5B against $4.0B — 1.6× the size. Teleflex Incorporated has negative trailing earnings, so its P/E is not meaningful; Envista Holdings Corporation trades at 6.4×. Teleflex Incorporated grew revenue faster over the last twelve months: 30.7% against 9.78%. Envista Holdings Corporation has the higher net margin (22.0% vs −45.8%) and the higher return on invested capital (13.6% vs 0.51%). Across the 21 metrics below, Envista Holdings Corporation leads on 19 and Teleflex Incorporated on 2.

Valuation

Metric NVST TFX Medical Instruments & Supplies median
P/E 6.36 n/m 30.28
P/S 1.40 2.94 2.49
P/B 1.30 2.28 2.34
Price to free cash flow 16.42 124.77 23.49
EV/EBITDA 10.27 35.66 14.87
EV/Sales 1.53 4.05 2.75
Earnings yield 15.73% (15.30%) 0.00%
Free cash flow yield 6.09% 0.80% 0.59%

Profitability

Metric NVST TFX Medical Instruments & Supplies median
Gross margin 55.88% 54.94% 53.60%
Operating margin 25.41% 1.97% 1.97%
Net margin 22.01% (45.76%) 0.00%
Free cash flow margin 8.50% 2.36% 2.36%
Return on equity 20.52% (28.87%) 0.00%
Return on assets 11.26% (14.57%) 0.00%
Return on invested capital 13.61% 0.51% 0.13%

Growth

Metric NVST TFX Medical Instruments & Supplies median
Revenue growth (TTM) 9.78% 30.70% 8.97%
EPS growth (last fiscal year) 104.31% (1,468.24%) 6.51%
Revenue growth, 5-year CAGR 7.11% (4.72%) 8.85%
Net income growth, 5-year CAGR 7.13% 0.00% 0.00%

Health

Metric NVST TFX Medical Instruments & Supplies median
Debt to equity 0.46 0.97 0.10
Current ratio 2.45 2.60 2.47
Net debt to EBITDA 0.64 7.52 0.97

Dividend

Metric NVST TFX Medical Instruments & Supplies median
Dividend yield — 0.89% 1.02%
Payout ratio — — 0.27

Size

Metric NVST TFX Medical Instruments & Supplies median
Market cap 4.01b 6.45b 1.71b

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