Codexis, Inc. (CDXS) vs PolyPid Ltd. (PYPD)

Codexis, Inc. and PolyPid Ltd. are both Biotechnology companies. Codexis, Inc. and PolyPid Ltd. are of similar size ($115.2M and $111.7M). PolyPid Ltd. has the higher net margin (0.00% vs −39.6%) and the higher return on invested capital (0.00% vs −151.2%). Across the 13 metrics below, PolyPid Ltd. leads on 8 and Codexis, Inc. on 5.

Valuation

Metric CDXS PYPD Biotechnology median
P/E n/m n/m 10.60
P/S 1.25 n/m 9.40
P/B 2.96 25.59 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 n/m 9.02
Earnings yield (31.78%) (24.30%) (32.88%)
Free cash flow yield (12.49%) (55.78%) (23.13%)

Profitability

Metric CDXS PYPD Biotechnology median
Gross margin 87.02% — 68.51%
Operating margin (35.61%) 0.00% 0.00%
Net margin (39.55%) 0.00% 0.00%
Free cash flow margin (15.66%) 0.00% 0.00%
Return on equity (69.36%) (243.59%) (51.96%)
Return on assets (23.79%) (119.05%) (46.06%)
Return on invested capital (151.17%) 0.00% 0.00%

Growth

Metric CDXS PYPD Biotechnology median
Revenue growth (TTM) 35.89% — 6.76%
EPS growth (last fiscal year) 43.82% 57.43% 29.88%
Revenue growth, 5-year CAGR 0.38% — 9.75%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CDXS PYPD Biotechnology median
Debt to equity 1.03 0.00 0.00
Current ratio 3.06 1.35 4.97
Net debt to EBITDA 1.11 0.39 1.01

Dividend

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

Size

Metric CDXS PYPD Biotechnology median
Market cap 111.70m 115.16m 161.82m

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