Enovis (NYSE:ENOV – Get Rating) is one of 48 public companies in the “Surgical appliances & supplies” industry, but how does it contrast to its competitors? We will compare Enovis to similar companies based on the strength of its profitability, earnings, dividends, risk, analyst recommendations, institutional ownership and valuation.
Risk & Volatility
Enovis has a beta of 2.2, suggesting that its stock price is 120% more volatile than the S&P 500. Comparatively, Enovis’ competitors have a beta of 0.81, suggesting that their average stock price is 19% less volatile than the S&P 500.
This is a breakdown of current ratings and recommmendations for Enovis and its competitors, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Enovis presently has a consensus target price of $67.00, suggesting a potential upside of 21.25%. As a group, “Surgical appliances & supplies” companies have a potential upside of 80.41%. Given Enovis’ competitors stronger consensus rating and higher possible upside, analysts clearly believe Enovis has less favorable growth aspects than its competitors.
Earnings & Valuation
This table compares Enovis and its competitors gross revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Enovis||$3.85 billion||$71.66 million||41.86|
|Enovis Competitors||$1.29 billion||$145.66 million||32.67|
Enovis has higher revenue, but lower earnings than its competitors. Enovis is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
This table compares Enovis and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
Insider and Institutional Ownership
50.9% of shares of all “Surgical appliances & supplies” companies are held by institutional investors. 8.2% of Enovis shares are held by insiders. Comparatively, 10.9% of shares of all “Surgical appliances & supplies” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
Enovis competitors beat Enovis on 7 of the 13 factors compared.
About Enovis (Get Rating)
Enovis Corporation operates as a medical technology company worldwide. It develops, manufactures, and distributes medical device products used by orthopedic specialists, surgeons, primary care physicians, pain management specialists, physical therapists, podiatrists, chiropractors, athletic trainers, and other healthcare professionals to treat patients with musculoskeletal conditions resulting from degenerative diseases, deformities, traumatic events, and sports related injuries. It offers rigid and soft orthopedic bracings, hot and cold therapy products, bone growth stimulators, vascular therapy systems and compression garments, therapeutic shoes and inserts, electrical stimulators used for pain management, and physical therapy products; and a suite of reconstructive joint products for the hip, knee, shoulder, elbow, foot, ankle, and finger. Enovis Corporation sells its products through independent distributors, such as healthcare professionals, consumer retail stores, and pharmacies; and directly under the DJO brand. The company was formerly known as Colfax Corporation. Enovis Corporation is headquartered in Wilmington, Delaware.
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