Analyzing iCAD (ICAD) & Its Peers

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iCAD (NASDAQ: ICAD) is one of 116 public companies in the “Surgical & medical instruments” industry, but how does it weigh in compared to its competitors? We will compare iCAD to similar businesses based on the strength of its valuation, institutional ownership, profitability, dividends, risk, analyst recommendations and earnings.

Profitability

This table compares iCAD and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
iCAD -56.53% -62.50% -27.01%
iCAD Competitors -37.96% -89.48% -17.50%

Risk and Volatility

iCAD has a beta of 1.45, indicating that its share price is 45% more volatile than the S&P 500. Comparatively, iCAD’s competitors have a beta of 0.79, indicating that their average share price is 21% less volatile than the S&P 500.

Analyst Recommendations

This is a summary of current ratings and target prices for iCAD and its competitors, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
iCAD 0 0 0 0 N/A
iCAD Competitors 650 2385 4516 217 2.55

As a group, “Surgical & medical instruments” companies have a potential upside of 402.11%. Given iCAD’s competitors higher possible upside, analysts plainly believe iCAD has less favorable growth aspects than its competitors.

Institutional & Insider Ownership

17.3% of iCAD shares are held by institutional investors. Comparatively, 48.4% of shares of all “Surgical & medical instruments” companies are held by institutional investors. 19.2% of iCAD shares are held by insiders. Comparatively, 16.0% of shares of all “Surgical & medical instruments” companies are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Valuation & Earnings

This table compares iCAD and its competitors top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
iCAD $28.10 million -$14.25 million -4.72
iCAD Competitors $1.44 billion $104.34 million -164.58

iCAD’s competitors have higher revenue and earnings than iCAD. iCAD 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.

Summary

iCAD competitors beat iCAD on 6 of the 10 factors compared.

About iCAD

iCAD, Inc. provides image analysis, workflow solutions, and radiation therapy for the early identification and treatment of cancer in the United States and internationally. It operates through two segments, Cancer Detection and Cancer Therapy. The company provides electronic brachytherapy (eBX) products, including Axxent eBx systems for the treatment of early stage breast cancer, endometrial cancer, cervical cancer, and skin cancer, as well as for treating other cancers or conditions where radiation therapy is indicated comprising intraoperative radiation therapy. It also offers digital mammography computer-aided detection (CAD) products, such as advanced image analysis and workflow solutions in breast imaging, which include PowerLook Mammo Detection, which detects and identifies suspicious masses and micro-calcifications; and PowerLook Advanced Mammography Platform, a computer server residing on a customer's network that receives patient studies from the imaging modality, performs CAD and density assessment analysis, and sends the CAD results to picture archiving and communication system and/or review workstations. In addition, the company's digital mammography CAD products comprise magnetic resonance imaging products to detect breast and prostate cancer; breast tomosynthesis systems; and advanced image analysis and workflow solutions in computed tomography (CT) colonography, including VeraLook that supports the detection of colonic polyps in conjunction with CT colonography. It serves hospitals, ambulatory care centers and free standing radiation oncology facilities, and other office-based uses through sales organizations, as well as through various original equipment manufacturer partners, distributors, and resellers. iCAD, Inc. has a strategic partnership agreement with Invivo Corp. The company was formerly known as Howtek, Inc. and changed its name to iCAD, Inc. in June 2002. iCAD, Inc. was founded in 1984 and is headquartered in Nashua, New Hampshire.

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