Altimmune, Inc. (ALT) vs CorMedix Inc (CRMD)

Altimmune, Inc. and CorMedix Inc are both Biotechnology companies. Altimmune, Inc. and CorMedix Inc are of similar size ($608.0M and $593.3M). Altimmune, Inc. has negative trailing earnings, so its P/E is not meaningful; CorMedix Inc trades at 3.3×. CorMedix Inc grew revenue faster over the last twelve months: 280.5% against 130.0%. CorMedix Inc has the higher net margin (40.5% vs 0.00%) and the higher return on invested capital (38.8% vs −34.3%). Across the 18 metrics below, CorMedix Inc leads on 14 and Altimmune, Inc. on 4.

Valuation

Metric ALT CRMD Biotechnology median
P/E n/m 3.26 7.88
P/S 12,336.04 1.33 11.47
P/B 1.20 1.34 2.52
Price to free cash flow n/m 2.46 21.16
EV/EBITDA n/m 1.99 0.74
EV/Sales 6,007.86 1.09 10.73
Earnings yield (25.49%) 30.70% (28.84%)
Free cash flow yield (13.53%) 40.67% (23.03%)

Profitability

Metric ALT CRMD Biotechnology median
Gross margin 100.00% 82.78% 65.16%
Operating margin 0.00% 46.95% 0.00%
Net margin 0.00% 40.49% 0.00%
Free cash flow margin 0.00% 54.17% 0.00%
Return on equity (28.87%) 54.93% (57.72%)
Return on assets (25.58%) 32.36% (49.22%)
Return on invested capital (34.30%) 38.84% 0.00%

Growth

Metric ALT CRMD Biotechnology median
Revenue growth (TTM) 130.00% 280.50% 5.64%
EPS growth (last fiscal year) 25.37% 780.00% —
Revenue growth, 5-year CAGR (65.33%) 305.79% 8.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ALT CRMD Biotechnology median
Debt to equity 0.07 0.32 0.00
Current ratio 26.78 2.56 4.73
Net debt to EBITDA 2.49 (0.02) 0.96

Dividend

Metric ALT CRMD Biotechnology median
Dividend yield — — 2.10%
Payout ratio 0.00 0.00 0.00

Size

Metric ALT CRMD Biotechnology median
Market cap 593.28m 607.97m 162.10m

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