Amphastar Pharmaceuticals, Inc. (AMPH) vs Cronos Group Inc. (CRON)

Amphastar Pharmaceuticals, Inc. and Cronos Group Inc. are both Drug Manufacturers Specialty & Generic companies. Amphastar Pharmaceuticals, Inc. and Cronos Group Inc. are of similar size ($1.2B and $1.1B). Amphastar Pharmaceuticals, Inc. trades at the lower P/E: 15.0× against 16.7×. Cronos Group Inc. grew revenue faster over the last twelve months: 37.5% against 1.02%. Cronos Group Inc. has the higher net margin (20.9% vs 10.8%) and the lower return on invested capital (−0.34% vs 6.57%). Across the 22 metrics below, Amphastar Pharmaceuticals, Inc. leads on 15 and Cronos Group Inc. on 7.

Valuation

Metric AMPH CRON Drug Manufacturers Specialty & Generic median
P/E 15.01 16.70 20.14
P/S 1.56 6.97 2.25
P/B 1.48 1.12 1.90
Price to free cash flow 7.58 25.24 16.54
EV/EBITDA 8.35 36.04 12.29
EV/Sales 2.00 2.53 2.56
Earnings yield 6.66% 5.99% (2.99%)
Free cash flow yield 13.20% 3.96% 0.00%

Profitability

Metric AMPH CRON Drug Manufacturers Specialty & Generic median
Gross margin 47.68% 45.86% 53.94%
Operating margin 15.66% (0.96%) 0.00%
Net margin 10.76% 20.91% 0.00%
Free cash flow margin 20.94% 27.61% 0.00%
Return on equity 10.30% 3.33% (0.40%)
Return on assets 4.68% 3.18% (3.32%)
Return on invested capital 6.57% (0.34%) 0.00%

Growth

Metric AMPH CRON Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) 1.02% 37.46% 10.01%
EPS growth (last fiscal year) (33.66%) (118.18%) —
Revenue growth, 5-year CAGR 15.53% 25.70% 6.74%
Net income growth, 5-year CAGR 133.84% 0.00% 0.00%

Health

Metric AMPH CRON Drug Manufacturers Specialty & Generic median
Debt to equity 0.80 0.00 0.05
Current ratio 2.40 16.18 2.31
Net debt to EBITDA 1.62 337.10 0.85

Dividend

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

Size

Metric AMPH CRON Drug Manufacturers Specialty & Generic median
Market cap 1.12b 1.22b 337.35m

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