Owlet, Inc. (OWLT) vs Zomedica Corp. (ZOMDF)

Owlet, Inc. and Zomedica Corp. are both Medical Devices companies. Owlet, Inc. is the larger, with a market value of $129.8M against $95.4M — 1.4× the size. Zomedica Corp. grew revenue faster over the last twelve months: 30.1% against 28.0%. Owlet, Inc. has the higher net margin (−10.7% vs −51.4%) and the lower return on invested capital (−27.6% vs −20.5%). Across the 17 metrics below, Owlet, Inc. leads on 9 and Zomedica Corp. on 8.

Valuation

Metric OWLT ZOMDF Medical Devices median
P/E n/m n/m 23.22
P/S 1.03 2.13 2.34
P/B 5.10 0.73 2.33
Price to free cash flow n/m n/m 23.72
EV/EBITDA n/m n/m 11.54
EV/Sales 0.88 0.94 2.24
Earnings yield (10.14%) (24.00%) (10.09%)
Free cash flow yield (8.36%) (19.17%) (8.47%)

Profitability

Metric OWLT ZOMDF Medical Devices median
Gross margin 54.75% 65.44% 56.01%
Operating margin (6.67%) (56.28%) (15.03%)
Net margin (10.67%) (51.39%) (20.40%)
Free cash flow margin (8.59%) (40.75%) (7.24%)
Return on equity 68.03% (16.29%) (15.32%)
Return on assets (15.60%) (14.88%) (19.72%)
Return on invested capital (27.60%) (20.54%) (10.33%)

Growth

Metric OWLT ZOMDF Medical Devices median
Revenue growth (TTM) 27.95% 30.05% 8.80%
EPS growth (last fiscal year) (47.13%) (60.00%) 29.03%
Revenue growth, 5-year CAGR 6.99% — 15.47%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric OWLT ZOMDF Medical Devices median
Debt to equity 0.46 0.00 0.07
Current ratio 1.64 6.43 2.50
Net debt to EBITDA 5.12 0.69 0.49

Dividend

Metric OWLT ZOMDF Medical Devices median
Dividend yield — — 1.16%
Payout ratio — — 0.36

Size

Metric OWLT ZOMDF Medical Devices median
Market cap 129.75m 95.35m 167.06m

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