Collegium Pharmaceutical, Inc. (COLL) vs Cronos Group Inc. (CRON)

Collegium Pharmaceutical, Inc. and Cronos Group Inc. are both Drug Manufacturers Specialty & Generic companies. Cronos Group Inc. is the larger, with a market value of $1.4B against $819.1M — 1.7× the size. Collegium Pharmaceutical, Inc. trades at the lower P/E: 20.0× against 21.3×. Cronos Group Inc. grew revenue faster over the last twelve months: 55.8% against 7.68%. Cronos Group Inc. has the higher net margin (28.0% vs 4.68%) and the lower return on invested capital (1.28% vs 6.29%). Across the 21 metrics below, Collegium Pharmaceutical, Inc. leads on 13 and Cronos Group Inc. on 8.

Valuation

Metric COLL CRON Drug Manufacturers Specialty & Generic median
P/E 19.96 21.29 20.45
P/S 0.94 6.47 2.11
P/B 2.47 1.19 1.69
Price to free cash flow n/m 20.53 15.98
EV/EBITDA 4.51 25.36 12.21
EV/Sales 2.16 2.86 2.79
Earnings yield 5.01% 4.70% (15.61%)
Free cash flow yield (4.15%) 4.87% 0.00%

Profitability

Metric COLL CRON Drug Manufacturers Specialty & Generic median
Gross margin 59.05% 46.59% 53.51%
Operating margin 15.22% 3.78% 0.00%
Net margin 4.68% 28.04% (2.31%)
Free cash flow margin 41.25% 31.71% 0.00%
Return on equity 13.36% 5.12% (0.80%)
Return on assets 2.06% 4.87% (1.67%)
Return on invested capital 6.29% 1.28% 0.00%

Growth

Metric COLL CRON Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) 7.68% 55.79% 5.22%
EPS growth (last fiscal year) (6.99%) (118.18%) 42.91%
Revenue growth, 5-year CAGR 20.28% 25.70% 7.24%
Net income growth, 5-year CAGR 18.64% 0.00% 0.00%

Health

Metric COLL CRON Drug Manufacturers Specialty & Generic median
Debt to equity 3.65 0.00 0.04
Current ratio 1.13 12.71 2.46
Net debt to EBITDA 1.00 337.10 1.01

Dividend

Metric COLL CRON Drug Manufacturers Specialty & Generic median
Dividend yield — — 1.47%
Payout ratio — — 0.28

Size

Metric COLL CRON Drug Manufacturers Specialty & Generic median
Market cap 819.10m 1.37b 300.78m

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