ANI Pharmaceuticals, Inc. (ANIP) vs BioCryst Pharmaceuticals, Inc. (BCRX)

ANI Pharmaceuticals, Inc. and BioCryst Pharmaceuticals, Inc. are both Drug Manufacturers Specialty & Generic companies. BioCryst Pharmaceuticals, Inc. is the larger, with a market value of $2.2B against $1.7B — 1.3× the size. BioCryst Pharmaceuticals, Inc. has negative trailing earnings, so its P/E is not meaningful; ANI Pharmaceuticals, Inc. trades at 15.3×. BioCryst Pharmaceuticals, Inc. grew revenue faster over the last twelve months: 68.7% against 30.9%. ANI Pharmaceuticals, Inc. has the higher net margin (11.0% vs −40.9%) and the higher return on invested capital (11.3% vs −610.6%). Across the 18 metrics below, ANI Pharmaceuticals, Inc. leads on 9 and BioCryst Pharmaceuticals, Inc. on 9.

Valuation

Metric ANIP BCRX Drug Manufacturers Specialty & Generic median
P/E 15.32 n/m 20.14
P/S 1.60 2.32 2.25
P/B 2.62 n/m 1.90
Price to free cash flow 9.35 5.85 16.54
EV/EBITDA 7.62 n/m 12.29
EV/Sales 1.84 2.84 2.56
Earnings yield 6.53% (16.76%) (2.99%)
Free cash flow yield 10.70% 17.11% 0.00%

Profitability

Metric ANIP BCRX Drug Manufacturers Specialty & Generic median
Gross margin 60.40% 97.78% 53.94%
Operating margin 15.37% (33.29%) 0.00%
Net margin 11.04% (40.90%) 0.00%
Free cash flow margin 17.12% 39.75% 0.00%
Return on equity 20.88% 87.84% (0.40%)
Return on assets 7.61% (75.79%) (3.32%)
Return on invested capital 11.30% (610.55%) 0.00%

Growth

Metric ANIP BCRX Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) 30.90% 68.72% 10.01%
EPS growth (last fiscal year) 419.23% 381.40% —
Revenue growth, 5-year CAGR 33.48% 117.89% 6.74%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ANIP BCRX Drug Manufacturers Specialty & Generic median
Debt to equity 1.02 (1.85) 0.05
Current ratio 2.91 2.32 2.31
Net debt to EBITDA 1.59 0.61 0.85

Dividend

Metric ANIP BCRX Drug Manufacturers Specialty & Generic median
Dividend yield — 3.71% 1.70%
Payout ratio 0.00 0.00 0.00

Size

Metric ANIP BCRX Drug Manufacturers Specialty & Generic median
Market cap 1.70b 2.18b 337.35m

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