Alvotech (ALVO) vs Xeris Biopharma Holdings, Inc. (XERS)

Alvotech and Xeris Biopharma Holdings, Inc. are both Drug Manufacturers Specialty & Generic companies. Alvotech is the larger, with a market value of $2.1B against $1.8B — 1.1× the size. Alvotech grew revenue faster over the last twelve months: 364.3% against 36.3%. Xeris Biopharma Holdings, Inc. has the higher net margin (−5.12% vs −101.1%) and the higher return on invested capital (18.9% vs 0.00%). Across the 16 metrics below, Xeris Biopharma Holdings, Inc. leads on 11 and Alvotech on 5.

Valuation

Metric ALVO XERS Drug Manufacturers Specialty & Generic median
P/E n/m n/m 19.25
P/S 5.02 5.30 2.11
P/B n/m n/m 1.78
Price to free cash flow n/m 31.91 16.14
EV/EBITDA n/m 36.06 12.58
EV/Sales 8.98 5.69 2.73
Earnings yield (23.93%) (0.94%) (4.38%)
Free cash flow yield (14.39%) 3.13% 0.00%

Profitability

Metric ALVO XERS Drug Manufacturers Specialty & Generic median
Gross margin 42.71% 86.58% 53.94%
Operating margin (42.43%) 10.91% 0.00%
Net margin (101.05%) (5.12%) 0.00%
Free cash flow margin 0.00% 16.60% 0.00%
Return on equity 0.00% 118.22% (0.40%)
Return on assets 0.00% (4.60%) (3.32%)
Return on invested capital 0.00% 18.88% 0.00%

Growth

Metric ALVO XERS Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) 364.29% 36.33% 10.01%
EPS growth (last fiscal year) 111.49% 100.86% 49.06%
Revenue growth, 5-year CAGR — 70.20% 6.74%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ALVO XERS Drug Manufacturers Specialty & Generic median
Debt to equity (6.82) (25.95) 0.05
Current ratio 1.65 1.45 2.31
Net debt to EBITDA 9.71 2.67 0.97

Dividend

Metric ALVO XERS Drug Manufacturers Specialty & Generic median
Dividend yield — — 1.57%
Payout ratio — — 0.27

Size

Metric ALVO XERS Drug Manufacturers Specialty & Generic median
Market cap 2.07b 1.84b 276.90m

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