Ascendis Pharma A/S (ASND) vs Exelixis, Inc. (EXEL)

Ascendis Pharma A/S and Exelixis, Inc. are both Biotechnology companies. Ascendis Pharma A/S and Exelixis, Inc. are of similar size ($15.7B and $14.4B). Ascendis Pharma A/S trades at the lower P/E: 16.3× against 17.6×. Ascendis Pharma A/S grew revenue faster over the last twelve months: 126.0% against 9.23%. Ascendis Pharma A/S has the higher net margin (71.2% vs 35.3%) and the lower return on invested capital (15.1% vs 60.5%). Across the 22 metrics below, Exelixis, Inc. leads on 14 and Ascendis Pharma A/S on 8.

Valuation

Metric ASND EXEL Biotechnology median
P/E 16.27 17.60 7.88
P/S 11.98 5.98 11.47
P/B 8.69 7.90 2.52
Price to free cash flow 37.46 12.58 21.16
EV/EBITDA 43.87 13.92 0.74
EV/Sales 11.63 5.71 10.73
Earnings yield 6.15% 5.68% (28.84%)
Free cash flow yield 2.67% 7.95% (23.03%)

Profitability

Metric ASND EXEL Biotechnology median
Gross margin 91.26% 96.48% 65.16%
Operating margin 24.84% 39.88% 0.00%
Net margin 71.20% 35.33% 0.00%
Free cash flow margin 31.97% 47.55% 0.00%
Return on equity 118.44% 44.39% (57.72%)
Return on assets 44.34% 33.28% (49.22%)
Return on invested capital 15.07% 60.45% 0.00%

Growth

Metric ASND EXEL Biotechnology median
Revenue growth (TTM) 125.98% 9.23% 5.64%
EPS growth (last fiscal year) 39.89% 57.95% —
Revenue growth, 5-year CAGR 152.47% 18.63% 8.40%
Net income growth, 5-year CAGR 0.00% 47.58% 0.00%

Health

Metric ASND EXEL Biotechnology median
Debt to equity 0.31 0.00 0.00
Current ratio 2.99 3.46 4.73
Net debt to EBITDA (2.16) (1.18) 0.96

Dividend

Metric ASND EXEL Biotechnology median
Dividend yield — — 2.10%
Payout ratio 0.00 0.00 0.00

Size

Metric ASND EXEL Biotechnology median
Market cap 15.68b 14.40b 162.10m

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