BioMarin Pharmaceutical Inc. (BMRN) vs Halozyme Therapeutics, Inc. (HALO)

BioMarin Pharmaceutical Inc. and Halozyme Therapeutics, Inc. are both Biotechnology companies. BioMarin Pharmaceutical Inc. and Halozyme Therapeutics, Inc. are of similar size ($13.1B and $12.0B). Halozyme Therapeutics, Inc. trades at the lower P/E: 32.4× against 159×. Halozyme Therapeutics, Inc. grew revenue faster over the last twelve months: 41.2% against 11.2%. Halozyme Therapeutics, Inc. has the higher net margin (24.9% vs 2.14%) and the higher return on invested capital (18.1% vs 0.97%). Across the 22 metrics below, Halozyme Therapeutics, Inc. leads on 14 and BioMarin Pharmaceutical Inc. on 8.

Valuation

Metric BMRN HALO Biotechnology median
P/E 158.58 32.36 7.88
P/S 3.42 8.03 11.47
P/B 1.84 93.06 2.52
Price to free cash flow 16.08 16.57 21.16
EV/EBITDA 50.32 21.24 0.74
EV/Sales 4.39 9.18 10.73
Earnings yield 0.63% 3.09% (28.84%)
Free cash flow yield 6.22% 6.04% (23.03%)

Profitability

Metric BMRN HALO Biotechnology median
Gross margin 76.12% 82.42% 65.16%
Operating margin 4.38% 35.90% 0.00%
Net margin 2.14% 24.86% 0.00%
Free cash flow margin 21.28% 48.46% 0.00%
Return on equity 1.18% 173.67% (57.72%)
Return on assets 0.76% 17.86% (49.22%)
Return on invested capital 0.97% 18.13% 0.00%

Growth

Metric BMRN HALO Biotechnology median
Revenue growth (TTM) 11.20% 41.15% 5.64%
EPS growth (last fiscal year) (18.55%) (25.36%) —
Revenue growth, 5-year CAGR 11.60% 39.16% 8.40%
Net income growth, 5-year CAGR (16.39%) 19.68% 0.00%

Health

Metric BMRN HALO Biotechnology median
Debt to equity 0.66 14.95 0.00
Current ratio 2.39 2.71 4.73
Net debt to EBITDA (1.99) 3.56 0.96

Dividend

Metric BMRN HALO Biotechnology median
Dividend yield — — 2.10%
Payout ratio 0.00 0.00 0.00

Size

Metric BMRN HALO Biotechnology median
Market cap 11.96b 13.08b 162.10m

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