Amylyx Pharmaceuticals, Inc. (AMLX) vs Liquidia Corporation (LQDA)

Amylyx Pharmaceuticals, Inc. and Liquidia Corporation are both Drug Manufacturers Specialty & Generic companies. Liquidia Corporation is the larger, with a market value of $6.4B against $3.8B — 1.7× the size. Amylyx Pharmaceuticals, Inc. has negative trailing earnings, so its P/E is not meaningful; Liquidia Corporation trades at 43.6×. Liquidia Corporation grew revenue faster over the last twelve months: 2,233.7% against −77.1%. Liquidia Corporation has the higher net margin (30.7% vs 0.00%) and the higher return on invested capital (121.1% vs 0.00%). Across the 17 metrics below, Liquidia Corporation leads on 13 and Amylyx Pharmaceuticals, Inc. on 4.

Valuation

Metric AMLX LQDA Drug Manufacturers Specialty & Generic median
P/E n/m 43.59 20.14
P/S 37.53 13.49 2.25
P/B 13.71 31.17 1.90
Price to free cash flow n/m 40.36 16.54
EV/EBITDA n/m 35.09 12.29
EV/Sales 34.68 13.25 2.56
Earnings yield (4.85%) 2.29% (2.99%)
Free cash flow yield (3.99%) 2.48% 0.00%

Profitability

Metric AMLX LQDA Drug Manufacturers Specialty & Generic median
Gross margin (42.65%) 92.54% 53.94%
Operating margin 0.00% 37.39% 0.00%
Net margin 0.00% 30.74% 0.00%
Free cash flow margin 0.00% 33.42% 0.00%
Return on equity (74.73%) 131.82% (0.40%)
Return on assets (66.25%) 35.57% (3.32%)
Return on invested capital 0.00% 121.05% 0.00%

Growth

Metric AMLX LQDA Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) (77.06%) 2,233.65% 10.01%
EPS growth (last fiscal year) 65.46% 51.81% —
Revenue growth, 5-year CAGR — 65.24% 6.74%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AMLX LQDA Drug Manufacturers Specialty & Generic median
Debt to equity 0.00 0.90 0.05
Current ratio 12.12 2.31 2.31
Net debt to EBITDA 2.00 (0.01) 0.85

Dividend

Metric AMLX LQDA Drug Manufacturers Specialty & Generic median
Dividend yield — — 1.70%
Payout ratio 0.00 0.00 0.00

Size

Metric AMLX LQDA Drug Manufacturers Specialty & Generic median
Market cap 3.78b 6.36b 337.35m

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