Aurinia Pharmaceuticals Inc (AUPH) vs Biohaven Ltd. (BHVN)

Aurinia Pharmaceuticals Inc and Biohaven Ltd. are both Biotechnology companies. Aurinia Pharmaceuticals Inc and Biohaven Ltd. are of similar size ($2.2B and $2.1B). Biohaven Ltd. has negative trailing earnings, so its P/E is not meaningful; Aurinia Pharmaceuticals Inc trades at 6.8×. Biohaven Ltd. grew revenue faster over the last twelve months: 425.2% against 21.0%. Aurinia Pharmaceuticals Inc has the higher net margin (97.7% vs 0.00%) and the higher return on invested capital (43.0% vs −6,659.9%). Across the 16 metrics below, Aurinia Pharmaceuticals Inc leads on 11 and Biohaven Ltd. on 5.

Valuation

Metric AUPH BHVN Biotechnology median
P/E 6.78 n/m 10.26
P/S 6.72 2.13 9.18
P/B 3.29 n/m 2.05
Price to free cash flow 12.22 n/m 24.81
EV/EBITDA 10.49 n/m 0.65
EV/Sales 5.33 2.23 8.98
Earnings yield 14.74% (27.50%) (34.89%)
Free cash flow yield 8.18% (23.27%) (24.52%)

Profitability

Metric AUPH BHVN Biotechnology median
Gross margin 90.62% 0.00% 65.16%
Operating margin 44.78% 0.00% 0.00%
Net margin 97.68% 0.00% 0.00%
Free cash flow margin 55.02% 0.00% 0.00%
Return on equity 61.42% 940.46% (50.12%)
Return on assets 46.45% (161.32%) (45.60%)
Return on invested capital 42.95% (6,659.91%) 0.00%

Growth

Metric AUPH BHVN Biotechnology median
Revenue growth (TTM) 21.04% 425.20% 6.26%
EPS growth (last fiscal year) 5,075.00% 26.08% 29.88%
Revenue growth, 5-year CAGR 41.38% — 9.75%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric AUPH BHVN Biotechnology median
Debt to equity 0.06 (2.69) 0.00
Current ratio 6.12 3.05 4.89
Net debt to EBITDA (2.58) 0.11 1.01

Dividend

Metric AUPH BHVN Biotechnology median
Dividend yield — — 0.41%
Payout ratio — — —

Size

Metric AUPH BHVN Biotechnology median
Market cap 2.17b 2.10b 172.11m

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