Shoulder Innovations, Inc. (SI) vs Viemed Healthcare, Inc. (VMD)

Shoulder Innovations, Inc. and Viemed Healthcare, Inc. are both Medical Devices companies. Shoulder Innovations, Inc. and Viemed Healthcare, Inc. are of similar size ($354.1M and $335.9M). Shoulder Innovations, Inc. has negative trailing earnings, so its P/E is not meaningful; Viemed Healthcare, Inc. trades at 23.4×. Shoulder Innovations, Inc. grew revenue faster over the last twelve months: 62.9% against 25.2%. Viemed Healthcare, Inc. has the higher net margin (4.81% vs −58.3%) and the higher return on invested capital (10.7% vs −54.7%). Across the 17 metrics below, Viemed Healthcare, Inc. leads on 13 and Shoulder Innovations, Inc. on 4.

Valuation

Metric SI VMD Medical Devices median
P/E n/m 23.45 22.18
P/S 5.87 1.13 2.70
P/B 2.83 2.33 2.46
Price to free cash flow n/m 9.90 22.53
EV/EBITDA n/m 6.15 11.78
EV/Sales 4.46 1.12 2.38
Earnings yield (11.30%) 4.26% (8.22%)
Free cash flow yield (13.36%) 10.10% (7.80%)

Profitability

Metric SI VMD Medical Devices median
Gross margin 77.34% 57.47% 56.01%
Operating margin (58.53%) 8.05% (15.03%)
Net margin (58.33%) 4.81% (20.40%)
Free cash flow margin (78.39%) 11.42% (7.24%)
Return on equity (151.89%) 10.08% (15.32%)
Return on assets (30.49%) 7.46% (19.72%)
Return on invested capital (54.72%) 10.66% (10.33%)

Growth

Metric SI VMD Medical Devices median
Revenue growth (TTM) 62.93% 25.21% 8.80%
EPS growth (last fiscal year) 98.08% 32.14% —
Revenue growth, 5-year CAGR — 15.53% 15.23%
Net income growth, 5-year CAGR — (13.88%) 0.00%

Health

Metric SI VMD Medical Devices median
Debt to equity 0.12 0.05 0.07
Current ratio 10.71 1.13 2.50
Net debt to EBITDA 4.79 (0.02) 0.49

Dividend

Metric SI VMD Medical Devices median
Dividend yield — — 0.94%
Payout ratio — 0.00 0.00

Size

Metric SI VMD Medical Devices median
Market cap 354.13m 335.94m 172.91m

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