Amphastar Pharmaceuticals, Inc. (AMPH) vs Eton Pharmaceuticals, Inc. (ETON)

Amphastar Pharmaceuticals, Inc. and Eton Pharmaceuticals, Inc. are both Drug Manufacturers Specialty & Generic companies. Eton Pharmaceuticals, Inc. is the larger, with a market value of $1.4B against $1.2B — 1.1× the size. Amphastar Pharmaceuticals, Inc. trades at the lower P/E: 12.3× against 26.8×. Eton Pharmaceuticals, Inc. grew revenue faster over the last twelve months: 100.6% against 3.11%. Eton Pharmaceuticals, Inc. has the higher net margin (35.4% vs 13.3%) and the higher return on invested capital (46.8% vs 6.12%). Across the 22 metrics below, Amphastar Pharmaceuticals, Inc. leads on 11 and Eton Pharmaceuticals, Inc. on 11.

Valuation

Metric AMPH ETON Drug Manufacturers Specialty & Generic median
P/E 12.26 26.81 20.55
P/S 1.58 9.64 2.08
P/B 1.44 15.65 1.79
Price to free cash flow 8.60 68.02 16.29
EV/EBITDA 8.55 28.65 12.22
EV/Sales 2.00 9.41 2.87
Earnings yield 8.16% 3.73% (15.94%)
Free cash flow yield 11.63% 1.47% 0.00%

Profitability

Metric AMPH ETON Drug Manufacturers Specialty & Generic median
Gross margin 46.81% 69.15% 53.51%
Operating margin 18.74% 28.84% 0.00%
Net margin 13.27% 35.35% (2.45%)
Free cash flow margin 18.64% 14.17% 0.00%
Return on equity 12.44% 90.62% (0.80%)
Return on assets 5.86% 38.10% (1.67%)
Return on invested capital 6.12% 46.77% 0.00%

Growth

Metric AMPH ETON Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) 3.11% 100.61% 5.22%
EPS growth (last fiscal year) (33.66%) (13.33%) 42.91%
Revenue growth, 5-year CAGR 15.53% 359.57% 7.24%
Net income growth, 5-year CAGR 133.84% 0.00% 0.00%

Health

Metric AMPH ETON Drug Manufacturers Specialty & Generic median
Debt to equity 0.75 0.27 0.04
Current ratio 3.32 1.79 2.41
Net debt to EBITDA 1.62 1.18 1.01

Dividend

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

Size

Metric AMPH ETON Drug Manufacturers Specialty & Generic median
Market cap 1.18b 1.35b 315.39m

Compare with another peer

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