Alvotech (ALVO) vs Cronos Group Inc. (CRON)

Alvotech and Cronos Group Inc. are both Drug Manufacturers Specialty & Generic companies. Alvotech is the larger, with a market value of $1.8B against $1.4B — 1.3× the size. Alvotech has negative trailing earnings, so its P/E is not meaningful; Cronos Group Inc. trades at 21.9×. Alvotech grew revenue faster over the last twelve months: 364.3% against 55.8%. Cronos Group Inc. has the higher net margin (28.0% vs −101.1%) and the higher return on invested capital (1.28% vs 0.00%). Across the 16 metrics below, Cronos Group Inc. leads on 11 and Alvotech on 5.

Valuation

Metric ALVO CRON Drug Manufacturers Specialty & Generic median
P/E n/m 21.88 20.55
P/S 4.60 6.65 2.08
P/B n/m 1.22 1.79
Price to free cash flow n/m 21.09 16.29
EV/EBITDA n/m 26.94 12.22
EV/Sales 8.56 3.04 2.87
Earnings yield (26.12%) 4.57% (15.94%)
Free cash flow yield (15.71%) 4.74% 0.00%

Profitability

Metric ALVO CRON Drug Manufacturers Specialty & Generic median
Gross margin 42.71% 46.59% 53.51%
Operating margin (42.43%) 3.78% 0.00%
Net margin (101.05%) 28.04% (2.45%)
Free cash flow margin 0.00% 31.71% 0.00%
Return on equity 0.00% 5.12% (0.80%)
Return on assets 0.00% 4.87% (1.67%)
Return on invested capital 0.00% 1.28% 0.00%

Growth

Metric ALVO CRON Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) 364.29% 55.79% 5.22%
EPS growth (last fiscal year) 111.49% (118.18%) 42.91%
Revenue growth, 5-year CAGR — 25.70% 7.24%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ALVO CRON Drug Manufacturers Specialty & Generic median
Debt to equity (6.82) 0.00 0.04
Current ratio 1.65 12.71 2.41
Net debt to EBITDA 9.71 337.10 1.01

Dividend

Metric ALVO CRON Drug Manufacturers Specialty & Generic median
Dividend yield — — 1.45%
Payout ratio — — 0.27

Size

Metric ALVO CRON Drug Manufacturers Specialty & Generic median
Market cap 1.78b 1.37b 315.39m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack