Pro-Dex, Inc. (PDEX) vs Utah Medical Products, Inc. (UTMD)

Pro-Dex, Inc. and Utah Medical Products, Inc. are both Medical Instruments & Supplies companies. Utah Medical Products, Inc. is the larger, with a market value of $237.8M against $194.1M — 1.2× the size. Pro-Dex, Inc. trades at the lower P/E: 13.8× against 22.7×. Pro-Dex, Inc. grew revenue faster over the last twelve months: 16.5% against −7.00%. Utah Medical Products, Inc. has the higher net margin (29.0% vs 17.6%) and the higher return on invested capital (18.6% vs 15.8%). Across the 22 metrics below, Utah Medical Products, Inc. leads on 12 and Pro-Dex, Inc. on 10.

Valuation

Metric PDEX UTMD Medical Instruments & Supplies median
P/E 13.77 22.72 33.75
P/S 2.42 6.57 2.52
P/B 3.95 1.94 2.48
Price to free cash flow 27.94 20.73 25.19
EV/EBITDA 13.33 11.84 14.62
EV/Sales 2.47 4.17 2.88
Earnings yield 7.26% 4.40% (2.67%)
Free cash flow yield 3.58% 4.83% 0.09%

Profitability

Metric PDEX UTMD Medical Instruments & Supplies median
Gross margin 31.38% 57.90% 54.29%
Operating margin 16.75% 28.43% 1.07%
Net margin 17.62% 29.04% (1.61%)
Free cash flow margin 8.72% 31.70% 1.08%
Return on equity 32.43% 8.75% (1.32%)
Return on assets 20.14% 8.55% 0.00%
Return on invested capital 15.75% 18.60% 0.00%

Growth

Metric PDEX UTMD Medical Instruments & Supplies median
Revenue growth (TTM) 16.45% (7.00%) 8.85%
EPS growth (last fiscal year) 54.31% (12.12%) 8.65%
Revenue growth, 5-year CAGR 15.32% (1.80%) 9.17%
Net income growth, 5-year CAGR 17.23% 0.89% 0.00%

Health

Metric PDEX UTMD Medical Instruments & Supplies median
Debt to equity 0.28 0.00 0.10
Current ratio 4.10 48.62 2.48
Net debt to EBITDA 0.27 (5.95) 0.89

Dividend

Metric PDEX UTMD Medical Instruments & Supplies median
Dividend yield — 1.66% 1.11%
Payout ratio — 0.38 0.27

Size

Metric PDEX UTMD Medical Instruments & Supplies median
Market cap 194.06m 237.78m 619.84m

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