Amphastar Pharmaceuticals, Inc. (AMPH) vs Collegium Pharmaceutical, Inc. (COLL)

Amphastar Pharmaceuticals, Inc. and Collegium Pharmaceutical, Inc. are both Drug Manufacturers Specialty & Generic companies. Amphastar Pharmaceuticals, Inc. is the larger, with a market value of $1.1B against $737.1M — 1.5× the size. Collegium Pharmaceutical, Inc. trades at the lower P/E: 14.7× against 15.0×. Collegium Pharmaceutical, Inc. grew revenue faster over the last twelve months: 14.3% against 1.02%. Amphastar Pharmaceuticals, Inc. has the higher net margin (10.8% vs 5.93%) and the lower return on invested capital (6.57% vs 7.85%). Across the 21 metrics below, Collegium Pharmaceutical, Inc. leads on 13 and Amphastar Pharmaceuticals, Inc. on 8.

Valuation

Metric AMPH COLL Drug Manufacturers Specialty & Generic median
P/E 15.01 14.73 20.14
P/S 1.56 0.90 2.25
P/B 1.48 2.34 1.90
Price to free cash flow 7.58 n/m 16.54
EV/EBITDA 8.35 4.29 12.29
EV/Sales 2.00 2.07 2.56
Earnings yield 6.66% 6.79% (2.99%)
Free cash flow yield 13.20% (5.46%) 0.00%

Profitability

Metric AMPH COLL Drug Manufacturers Specialty & Generic median
Gross margin 47.68% 60.02% 53.94%
Operating margin 15.66% 19.48% 0.00%
Net margin 10.76% 5.93% 0.00%
Free cash flow margin 20.94% 40.62% 0.00%
Return on equity 10.30% 17.61% (0.40%)
Return on assets 4.68% 2.57% (3.32%)
Return on invested capital 6.57% 7.85% 0.00%

Growth

Metric AMPH COLL Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) 1.02% 14.31% 10.01%
EPS growth (last fiscal year) (33.66%) (6.99%) —
Revenue growth, 5-year CAGR 15.53% 20.28% 6.74%
Net income growth, 5-year CAGR 133.84% 18.64% 0.00%

Health

Metric AMPH COLL Drug Manufacturers Specialty & Generic median
Debt to equity 0.80 3.50 0.05
Current ratio 2.40 1.03 2.31
Net debt to EBITDA 1.62 1.00 0.85

Dividend

Metric AMPH COLL Drug Manufacturers Specialty & Generic median
Dividend yield — — 1.70%
Payout ratio 0.00 0.00 0.00

Size

Metric AMPH COLL Drug Manufacturers Specialty & Generic median
Market cap 1.12b 737.06m 337.35m

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