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 $5.4B against $3.8B — 1.4× the size. Teleflex Incorporated has negative trailing earnings, so its P/E is not meaningful; Envista Holdings Corporation trades at 38.8×. 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 38.81 n/m 33.75
P/S 1.30 2.52 2.52
P/B 1.21 1.96 2.48
Price to free cash flow 14.89 33.74 25.19
EV/EBITDA 9.64 31.97 14.62
EV/Sales 1.45 3.63 2.88
Earnings yield 2.58% (17.85%) (2.67%)
Free cash flow yield 6.72% 2.96% 0.09%

Profitability

Metric NVST TFX Medical Instruments & Supplies median
Gross margin 55.24% 54.94% 54.29%
Operating margin 9.58% 1.97% 1.07%
Net margin 3.33% (45.76%) (1.61%)
Free cash flow margin 8.72% 7.47% 1.08%
Return on equity 3.06% (28.87%) (1.32%)
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% 8.85%
EPS growth (last fiscal year) 104.31% (1,468.24%) 8.65%
Revenue growth, 5-year CAGR 7.11% (4.72%) 9.17%
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 0.10
Current ratio 2.43 2.60 2.48
Net debt to EBITDA 0.64 7.52 0.89

Dividend

Metric NVST TFX Medical Instruments & Supplies median
Dividend yield — 1.04% 1.11%
Payout ratio — — 0.27

Size

Metric NVST TFX Medical Instruments & Supplies median
Market cap 3.77b 5.43b 619.84m

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