Ascendis Pharma A/S (ASND) vs Halozyme Therapeutics, Inc. (HALO)

Ascendis Pharma A/S and Halozyme Therapeutics, Inc. are both Biotechnology companies. Ascendis Pharma A/S is the larger, with a market value of $16.6B against $14.0B — 1.2× the size. Ascendis Pharma A/S trades at the lower P/E: 18.3× against 29.5×. Ascendis Pharma A/S grew revenue faster over the last twelve months: 126.0% against 45.0%. Ascendis Pharma A/S has the higher net margin (71.2% vs 26.9%) and the lower return on invested capital (15.1% vs 19.9%). Across the 21 metrics below, Halozyme Therapeutics, Inc. leads on 12 and Ascendis Pharma A/S on 9.

Valuation

Metric ASND HALO Biotechnology median
P/E 18.30 29.50 10.26
P/S 13.47 7.82 9.18
P/B 9.78 n/m 2.05
Price to free cash flow 42.14 15.91 24.81
EV/EBITDA 49.51 22.63 0.65
EV/Sales 13.12 9.03 8.98
Earnings yield 5.47% 3.39% (34.89%)
Free cash flow yield 2.37% 6.28% (24.52%)

Profitability

Metric ASND HALO Biotechnology median
Gross margin 91.26% 82.27% 65.16%
Operating margin 24.84% 37.41% 0.00%
Net margin 71.20% 26.93% 0.00%
Free cash flow margin 31.97% 49.84% 0.00%
Return on equity 118.44% 216.38% (50.12%)
Return on assets 44.34% 17.05% (45.60%)
Return on invested capital 15.07% 19.87% 0.00%

Growth

Metric ASND HALO Biotechnology median
Revenue growth (TTM) 125.98% 45.03% 6.26%
EPS growth (last fiscal year) 39.89% (25.36%) 29.88%
Revenue growth, 5-year CAGR 152.47% 39.16% 9.75%
Net income growth, 5-year CAGR 0.00% 19.68% 0.00%

Health

Metric ASND HALO Biotechnology median
Debt to equity 0.31 (58.84) 0.00
Current ratio 2.99 3.88 4.89
Net debt to EBITDA (2.16) 3.56 1.01

Dividend

Metric ASND HALO Biotechnology median
Dividend yield — — 0.41%
Payout ratio — — —

Size

Metric ASND HALO Biotechnology median
Market cap 16.64b 13.96b 172.11m

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