Codexis, Inc. (CDXS) vs Coherus Oncology, Inc. (CHRS)

Codexis, Inc. and Coherus Oncology, Inc. are both Biotechnology companies. Codexis, Inc. and Coherus Oncology, Inc. are of similar size ($115.7M and $111.7M). Coherus Oncology, Inc. grew revenue faster over the last twelve months: 61.0% against 35.9%. Codexis, Inc. has the higher net margin (−39.6% vs −259.4%) and the lower return on invested capital (−151.2% vs 0.00%). Across the 19 metrics below, Codexis, Inc. leads on 12 and Coherus Oncology, Inc. on 7.

Valuation

Metric CDXS CHRS Biotechnology median
P/E n/m n/m 10.60
P/S 1.25 2.34 9.40
P/B 2.96 1.96 2.13
Price to free cash flow n/m n/m 25.18
EV/EBITDA n/m n/m 0.66
EV/Sales 0.98 4.44 9.02
Earnings yield (31.78%) (133.77%) (32.88%)
Free cash flow yield (12.49%) (156.84%) (23.13%)

Profitability

Metric CDXS CHRS Biotechnology median
Gross margin 87.02% 68.94% 68.51%
Operating margin (35.61%) (311.56%) 0.00%
Net margin (39.55%) (259.41%) 0.00%
Free cash flow margin (15.66%) (365.22%) 0.00%
Return on equity (69.36%) (146.27%) (51.96%)
Return on assets (23.79%) (41.90%) (46.06%)
Return on invested capital (151.17%) 0.00% 0.00%

Growth

Metric CDXS CHRS Biotechnology median
Revenue growth (TTM) 35.89% 61.00% 6.76%
EPS growth (last fiscal year) 43.82% 472.00% 29.88%
Revenue growth, 5-year CAGR 0.38% (38.41%) 9.75%
Net income growth, 5-year CAGR 0.00% 4.91% 0.00%

Health

Metric CDXS CHRS Biotechnology median
Debt to equity 1.03 0.61 0.00
Current ratio 3.06 1.77 4.97
Net debt to EBITDA 1.11 0.76 1.01

Dividend

Metric CDXS CHRS Biotechnology median
Dividend yield — — 0.41%
Payout ratio — — —

Size

Metric CDXS CHRS Biotechnology median
Market cap 111.70m 115.71m 161.82m

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