Alvotech (ALVO) vs Eton Pharmaceuticals, Inc. (ETON)

Alvotech and Eton Pharmaceuticals, 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; Eton Pharmaceuticals, Inc. trades at 26.8×. Alvotech grew revenue faster over the last twelve months: 364.3% against 100.6%. Eton Pharmaceuticals, Inc. has the higher net margin (35.4% vs −101.1%) and the higher return on invested capital (46.8% vs 0.00%). Across the 16 metrics below, Eton Pharmaceuticals, Inc. leads on 11 and Alvotech on 5.

Valuation

Metric ALVO ETON Drug Manufacturers Specialty & Generic median
P/E n/m 26.81 20.55
P/S 4.60 9.64 2.08
P/B n/m 15.65 1.79
Price to free cash flow n/m 68.02 16.29
EV/EBITDA n/m 28.65 12.22
EV/Sales 8.56 9.41 2.87
Earnings yield (26.12%) 3.73% (15.94%)
Free cash flow yield (15.71%) 1.47% 0.00%

Profitability

Metric ALVO ETON Drug Manufacturers Specialty & Generic median
Gross margin 42.71% 69.15% 53.51%
Operating margin (42.43%) 28.84% 0.00%
Net margin (101.05%) 35.35% (2.45%)
Free cash flow margin 0.00% 14.17% 0.00%
Return on equity 0.00% 90.62% (0.80%)
Return on assets 0.00% 38.10% (1.67%)
Return on invested capital 0.00% 46.77% 0.00%

Growth

Metric ALVO ETON Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) 364.29% 100.61% 5.22%
EPS growth (last fiscal year) 111.49% (13.33%) 42.91%
Revenue growth, 5-year CAGR — 359.57% 7.24%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ALVO ETON Drug Manufacturers Specialty & Generic median
Debt to equity (6.82) 0.27 0.04
Current ratio 1.65 1.79 2.41
Net debt to EBITDA 9.71 1.18 1.01

Dividend

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

Size

Metric ALVO ETON Drug Manufacturers Specialty & Generic median
Market cap 1.78b 1.35b 315.39m

Compare with another peer

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