Pro-Dex, Inc. (PDEX) vs Sanara MedTech Inc. (SMTI)

Pro-Dex, Inc. and Sanara MedTech Inc. are both Medical Instruments & Supplies companies. Sanara MedTech Inc. is the larger, with a market value of $290.4M against $195.8M — 1.5× the size. Sanara MedTech Inc. has negative trailing earnings, so its P/E is not meaningful; Pro-Dex, Inc. trades at 16.4×. Pro-Dex, Inc. grew revenue faster over the last twelve months: 13.3% against 13.0%. Pro-Dex, Inc. has the higher net margin (15.1% vs −29.2%) and the higher return on invested capital (17.2% vs 13.5%). Across the 21 metrics below, Pro-Dex, Inc. leads on 19 and Sanara MedTech Inc. on 2.

Valuation

Metric PDEX SMTI Medical Instruments & Supplies median
P/E 16.42 n/m 30.28
P/S 2.48 2.50 2.49
P/B 4.00 34.59 2.34
Price to free cash flow 18.52 61.58 23.49
EV/EBITDA 13.20 26.36 14.87
EV/Sales 2.47 2.79 2.75
Earnings yield 6.09% (11.71%) 0.00%
Free cash flow yield 5.40% 1.62% 0.59%

Profitability

Metric PDEX SMTI Medical Instruments & Supplies median
Gross margin 32.45% 93.03% 53.60%
Operating margin 16.84% 7.67% 1.97%
Net margin 15.12% (29.15%) 0.00%
Free cash flow margin 13.43% 4.10% 2.36%
Return on equity 26.48% (147.79%) 0.00%
Return on assets 17.08% (38.13%) 0.00%
Return on invested capital 17.22% 13.49% 0.13%

Growth

Metric PDEX SMTI Medical Instruments & Supplies median
Revenue growth (TTM) 13.31% 12.96% 8.97%
EPS growth (last fiscal year) 54.31% (282.46%) 6.51%
Revenue growth, 5-year CAGR 15.32% 45.92% 8.85%
Net income growth, 5-year CAGR 17.23% 0.00% 0.00%

Health

Metric PDEX SMTI Medical Instruments & Supplies median
Debt to equity 0.25 5.86 0.10
Current ratio 4.19 2.58 2.47
Net debt to EBITDA 0.27 2.55 0.97

Dividend

Metric PDEX SMTI Medical Instruments & Supplies median
Dividend yield — — 1.02%
Payout ratio — — 0.27

Size

Metric PDEX SMTI Medical Instruments & Supplies median
Market cap 195.84m 290.43m 1.71b

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