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 $5.1B against $3.9B — 1.3× the size. Teleflex Incorporated has negative trailing earnings, so its P/E is not meaningful; Envista Holdings Corporation trades at 40.6×. Teleflex Incorporated grew revenue faster over the last twelve months: 110.9% against 11.9%. Envista Holdings Corporation has the higher net margin (3.33% vs −45.8%) and the higher return on invested capital (5.05% 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 40.59 n/m 34.17
P/S 1.36 2.36 2.83
P/B 1.26 1.83 2.82
Price to free cash flow 15.57 31.58 25.69
EV/EBITDA 10.04 30.55 16.08
EV/Sales 1.51 3.47 3.06
Earnings yield 2.46% (19.07%) (1.84%)
Free cash flow yield 6.42% 3.17% 0.17%

Profitability

Metric NVST TFX Medical Instruments & Supplies median
Gross margin 55.24% 54.94% 54.62%
Operating margin 9.58% 1.97% 1.64%
Net margin 3.33% (45.76%) 0.00%
Free cash flow margin 8.72% 7.47% 1.61%
Return on equity 3.06% (28.87%) 0.00%
Return on assets 1.69% (14.57%) 0.00%
Return on invested capital 5.05% 0.51% 0.00%

Growth

Metric NVST TFX Medical Instruments & Supplies median
Revenue growth (TTM) 11.89% 110.94% 9.20%
EPS growth (last fiscal year) 104.31% (1,468.24%) —
Revenue growth, 5-year CAGR 7.11% (4.72%) 9.48%
Net income growth, 5-year CAGR 7.13% 0.00% 0.00%

Health

Metric NVST TFX Medical Instruments & Supplies median
Debt to equity 0.47 0.97 0.08
Current ratio 2.43 2.60 2.49
Net debt to EBITDA 0.64 7.52 0.83

Dividend

Metric NVST TFX Medical Instruments & Supplies median
Dividend yield — 0.54% 0.99%
Payout ratio 0.00 0.17 0.00

Size

Metric NVST TFX Medical Instruments & Supplies median
Market cap 3.87b 5.09b 938.39m

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