Ascendis Pharma A/S (ASND) vs Madrigal Pharmaceuticals, Inc. (MDGL)

Ascendis Pharma A/S and Madrigal Pharmaceuticals, Inc. are both Biotechnology companies. Ascendis Pharma A/S is the larger, with a market value of $15.7B against $11.9B — 1.3× the size. Madrigal Pharmaceuticals, Inc. has negative trailing earnings, so its P/E is not meaningful; Ascendis Pharma A/S trades at 16.3×. Madrigal Pharmaceuticals, Inc. grew revenue faster over the last twelve months: 149.0% against 126.0%. Ascendis Pharma A/S has the higher net margin (71.2% vs −25.3%) and the higher return on invested capital (15.1% vs −787.3%). Across the 17 metrics below, Ascendis Pharma A/S leads on 11 and Madrigal Pharmaceuticals, Inc. on 6.

Valuation

Metric ASND MDGL Biotechnology median
P/E 16.27 n/m 7.88
P/S 11.98 11.73 11.47
P/B 8.69 28.75 2.52
Price to free cash flow 37.46 n/m 21.16
EV/EBITDA 43.87 n/m 0.74
EV/Sales 11.63 11.34 10.73
Earnings yield 6.15% (2.50%) (28.84%)
Free cash flow yield 2.67% (1.39%) (23.03%)

Profitability

Metric ASND MDGL Biotechnology median
Gross margin 91.26% 91.48% 65.16%
Operating margin 24.84% (25.13%) 0.00%
Net margin 71.20% (25.32%) 0.00%
Free cash flow margin 31.97% (16.07%) 0.00%
Return on equity 118.44% (53.31%) (57.72%)
Return on assets 44.34% (28.77%) (49.22%)
Return on invested capital 15.07% (787.33%) 0.00%

Growth

Metric ASND MDGL Biotechnology median
Revenue growth (TTM) 125.98% 149.04% 5.64%
EPS growth (last fiscal year) 39.89% 41.32% —
Revenue growth, 5-year CAGR 152.47% — 8.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric ASND MDGL Biotechnology median
Debt to equity 0.31 0.65 0.00
Current ratio 2.99 3.20 4.73
Net debt to EBITDA (2.16) 2.21 0.96

Dividend

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

Size

Metric ASND MDGL Biotechnology median
Market cap 15.68b 11.86b 162.10m

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