Amphastar Pharmaceuticals, Inc. (AMPH) vs Xeris Biopharma Holdings, Inc. (XERS)

Amphastar Pharmaceuticals, Inc. and Xeris Biopharma Holdings, Inc. are both Drug Manufacturers Specialty & Generic companies. Xeris Biopharma Holdings, Inc. is the larger, with a market value of $1.6B against $1.1B — 1.5× the size. Xeris Biopharma Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Amphastar Pharmaceuticals, Inc. trades at 15.0×. Xeris Biopharma Holdings, Inc. grew revenue faster over the last twelve months: 36.3% against 1.02%. Amphastar Pharmaceuticals, Inc. has the higher net margin (10.8% vs −5.12%) and the lower return on invested capital (6.57% vs 18.9%). Across the 20 metrics below, Amphastar Pharmaceuticals, Inc. leads on 13 and Xeris Biopharma Holdings, Inc. on 7.

Valuation

Metric AMPH XERS Drug Manufacturers Specialty & Generic median
P/E 15.01 n/m 20.14
P/S 1.56 4.69 2.25
P/B 1.48 n/m 1.90
Price to free cash flow 7.58 28.25 16.54
EV/EBITDA 8.35 32.20 12.29
EV/Sales 2.00 5.08 2.56
Earnings yield 6.66% (1.06%) (2.99%)
Free cash flow yield 13.20% 3.54% 0.00%

Profitability

Metric AMPH XERS Drug Manufacturers Specialty & Generic median
Gross margin 47.68% 86.58% 53.94%
Operating margin 15.66% 10.91% 0.00%
Net margin 10.76% (5.12%) 0.00%
Free cash flow margin 20.94% 16.60% 0.00%
Return on equity 10.30% 118.22% (0.40%)
Return on assets 4.68% (4.60%) (3.32%)
Return on invested capital 6.57% 18.88% 0.00%

Growth

Metric AMPH XERS Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) 1.02% 36.33% 10.01%
EPS growth (last fiscal year) (33.66%) 100.86% —
Revenue growth, 5-year CAGR 15.53% 70.20% 6.74%
Net income growth, 5-year CAGR 133.84% 0.00% 0.00%

Health

Metric AMPH XERS Drug Manufacturers Specialty & Generic median
Debt to equity 0.80 (25.95) 0.05
Current ratio 2.40 1.45 2.31
Net debt to EBITDA 1.62 2.67 0.85

Dividend

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

Size

Metric AMPH XERS Drug Manufacturers Specialty & Generic median
Market cap 1.12b 1.63b 337.35m

Compare with another peer

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