DENTSPLY SIRONA (NASDAQ:XRAY) & Envoy Medical (NASDAQ:COCH) Financial Analysis

Envoy Medical (NASDAQ:COCH – Get Free Report) and DENTSPLY SIRONA (NASDAQ:XRAY – Get Free Report) are both small-cap healthcare companies, but which is the better business? We will contrast the two businesses based on the strength of their institutional ownership, analyst recommendations, dividends, earnings, profitability, risk and valuation.

Risk and Volatility

Envoy Medical has a beta of 1.97, meaning that its stock price is 97% more volatile than the S&P 500. Comparatively, DENTSPLY SIRONA has a beta of 0.87, meaning that its stock price is 13% less volatile than the S&P 500.

Profitability

This table compares Envoy Medical and DENTSPLY SIRONA’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Envoy Medical -11,304.83% N/A -144.13%
DENTSPLY SIRONA -14.99% 20.84% 5.32%

Valuation and Earnings

This table compares Envoy Medical and DENTSPLY SIRONA”s top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Envoy Medical $240,000.00 214.85 -$23.76 million ($0.76) -0.88
DENTSPLY SIRONA $3.64 billion 0.47 -$598.00 million ($2.75) -3.12

Envoy Medical has higher earnings, but lower revenue than DENTSPLY SIRONA. DENTSPLY SIRONA is trading at a lower price-to-earnings ratio than Envoy Medical, indicating that it is currently the more affordable of the two stocks.

Analyst Recommendations

This is a summary of recent ratings for Envoy Medical and DENTSPLY SIRONA, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Envoy Medical 1 1 2 0 2.25
DENTSPLY SIRONA 3 8 3 0 2.00

Envoy Medical currently has a consensus price target of $2.17, indicating a potential upside of 224.35%. DENTSPLY SIRONA has a consensus price target of $12.92, indicating a potential upside of 50.79%. Given Envoy Medical’s stronger consensus rating and higher probable upside, equities research analysts plainly believe Envoy Medical is more favorable than DENTSPLY SIRONA.

Institutional and Insider Ownership

8.6% of Envoy Medical shares are held by institutional investors. Comparatively, 95.7% of DENTSPLY SIRONA shares are held by institutional investors. 7.2% of Envoy Medical shares are held by company insiders. Comparatively, 0.5% of DENTSPLY SIRONA shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Summary

Envoy Medical beats DENTSPLY SIRONA on 8 of the 14 factors compared between the two stocks.

About Envoy Medical

(Get Free Report)

Envoy Medical, Inc., a hearing health company, provides medical technologies for the hearing loss spectrum. Its products include personal sound amplification devices; hearing aids; Esteem fully implanted active middle ear implants; auditory osseointegrated implants; and Acclaim cochlear implants. The company was formerly known as Envoy Medical Corporation and changed its name to Envoy Medical, Inc. in September 2023. Envoy Medical, Inc. was founded in 1995 and is headquartered in White Bear Lake, Minnesota.

About DENTSPLY SIRONA

(Get Free Report)

DENTSPLY SIRONA Inc. manufactures and sells various dental products and technologies worldwide. It operates in four segments: Connected Technology Solutions, Essential Dental Solutions, Orthodontic and Implant Solutions, and Wellspect Healthcare. The company offers dental equipment comprising imaging equipment, motorized dental handpieces, treatment centers, other instruments, amalgamators, mixing machines, and porcelain furnaces; and dental CAD/CAM technologies to support dental restorations, such as intraoral scanners, 3-D printers, mills, other software and services, and a full-chairside economical restoration of esthetic ceramic dentistry, as well as DS Core, its cloud-based platform. It also provides endodontic products consisting of motorized endodontic handpieces, files, sealers, irrigation needles, and other tools that support root canal procedures; restorative products, including dental ceramics, crowns, and veneers; and preventative products, such as curing light systems, dental diagnostic systems, and ultrasonic scalers and polishers, as well as dental anesthetics, prophylaxis paste, dental sealants, and impression materials. In addition, the company offers SureSmile and Byte aligner solutions; VPro/HyperByte, a high-frequency vibration technology device; SureSmile Simulator, which creates a 3D visualization of a patient's outcome; and Byte Plus for treatment planning. Further, it provides dental implants, digital dentures, crown and bridge porcelain products, bone regenerative and restorative solutions, treatment planning software, and educational programs; dental prosthetics; urology catheters; and other health-related consumables. The company serves professional dental and consumable medical device markets through third-party distributors. The company was formerly known as DENTSPLY International Inc. and changed its name to DENTSPLY SIRONA Inc. in February 2016. DENTSPLY SIRONA Inc. was founded in 1877 and is headquartered in Charlotte, North Carolina

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