ANI Pharmaceuticals, Inc. (ANIP) vs Perrigo Company plc (PRGO)

ANI Pharmaceuticals, Inc. and Perrigo Company plc are both Drug Manufacturers Specialty & Generic companies. Perrigo Company plc is the larger, with a market value of $2.1B against $1.7B — 1.2× the size. Perrigo Company plc has negative trailing earnings, so its P/E is not meaningful; ANI Pharmaceuticals, Inc. trades at 15.3×. ANI Pharmaceuticals, Inc. grew revenue faster over the last twelve months: 30.9% against −4.19%. ANI Pharmaceuticals, Inc. has the higher net margin (11.0% vs −41.9%) and the higher return on invested capital (11.3% vs −18.1%). Across the 19 metrics below, ANI Pharmaceuticals, Inc. leads on 15 and Perrigo Company plc on 4.

Valuation

Metric ANIP PRGO Drug Manufacturers Specialty & Generic median
P/E 15.32 n/m 20.14
P/S 1.60 0.52 2.25
P/B 2.62 0.85 1.90
Price to free cash flow 9.35 16.85 16.54
EV/EBITDA 7.62 n/m 12.29
EV/Sales 1.84 1.22 2.56
Earnings yield 6.53% (81.06%) (2.99%)
Free cash flow yield 10.70% 5.93% 0.00%

Profitability

Metric ANIP PRGO Drug Manufacturers Specialty & Generic median
Gross margin 60.40% 33.26% 53.94%
Operating margin 15.37% (37.71%) 0.00%
Net margin 11.04% (41.85%) 0.00%
Free cash flow margin 17.12% 2.88% 0.00%
Return on equity 20.88% (49.65%) (0.40%)
Return on assets 7.61% (19.60%) (3.32%)
Return on invested capital 11.30% (18.06%) 0.00%

Growth

Metric ANIP PRGO Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) 30.90% (4.19%) 10.01%
EPS growth (last fiscal year) 419.23% (723.20%) —
Revenue growth, 5-year CAGR 33.48% 0.79% 6.74%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ANIP PRGO Drug Manufacturers Specialty & Generic median
Debt to equity 1.02 1.31 0.05
Current ratio 2.91 2.32 2.31
Net debt to EBITDA 1.59 (4.01) 0.85

Dividend

Metric ANIP PRGO Drug Manufacturers Specialty & Generic median
Dividend yield — 3.42% 1.70%
Payout ratio 0.00 — 0.00

Size

Metric ANIP PRGO Drug Manufacturers Specialty & Generic median
Market cap 1.70b 2.05b 337.35m

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