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 $322.5M against $233.9M — 1.4× the size. Sanara MedTech Inc. has negative trailing earnings, so its P/E is not meaningful; Pro-Dex, Inc. trades at 17.0×. Pro-Dex, Inc. grew revenue faster over the last twelve months: 16.5% against 13.0%. Pro-Dex, Inc. has the higher net margin (17.6% vs −29.2%) and the higher return on invested capital (15.8% vs 13.5%). Across the 21 metrics below, Pro-Dex, Inc. leads on 18 and Sanara MedTech Inc. on 3.

Valuation

Metric PDEX SMTI Medical Instruments & Supplies median
P/E 16.97 n/m 34.17
P/S 2.99 2.77 2.83
P/B 4.86 38.28 2.82
Price to free cash flow 34.42 68.15 25.69
EV/EBITDA 16.35 28.87 16.08
EV/Sales 3.04 3.06 3.06
Earnings yield 5.89% (10.58%) (1.84%)
Free cash flow yield 2.91% 1.47% 0.17%

Profitability

Metric PDEX SMTI Medical Instruments & Supplies median
Gross margin 31.38% 93.03% 54.62%
Operating margin 16.75% 7.67% 1.64%
Net margin 17.62% (29.15%) 0.00%
Free cash flow margin 8.72% 4.10% 1.61%
Return on equity 32.43% (147.79%) 0.00%
Return on assets 20.14% (38.13%) 0.00%
Return on invested capital 15.75% 13.49% 0.00%

Growth

Metric PDEX SMTI Medical Instruments & Supplies median
Revenue growth (TTM) 16.45% 12.96% 9.20%
EPS growth (last fiscal year) 54.31% (282.46%) —
Revenue growth, 5-year CAGR 15.32% 45.92% 9.48%
Net income growth, 5-year CAGR 17.23% 0.00% 0.00%

Health

Metric PDEX SMTI Medical Instruments & Supplies median
Debt to equity 0.28 5.86 0.08
Current ratio 4.10 2.58 2.49
Net debt to EBITDA 0.27 2.55 0.83

Dividend

Metric PDEX SMTI Medical Instruments & Supplies median
Dividend yield — — 0.99%
Payout ratio 0.00 0.00 0.00

Size

Metric PDEX SMTI Medical Instruments & Supplies median
Market cap 233.91m 322.50m 938.39m

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