Collegium Pharmaceutical, Inc. (COLL) vs Harrow, Inc. (HROW)

Collegium Pharmaceutical, Inc. and Harrow, Inc. are both Drug Manufacturers Specialty & Generic companies. Harrow, Inc. is the larger, with a market value of $976.2M against $819.1M — 1.2× the size. Harrow, Inc. has negative trailing earnings, so its P/E is not meaningful; Collegium Pharmaceutical, Inc. trades at 20.5×. Harrow, Inc. grew revenue faster over the last twelve months: 21.1% against 7.68%. Collegium Pharmaceutical, Inc. has the higher net margin (4.68% vs −13.5%) and the higher return on invested capital (5.63% vs −0.77%). Across the 20 metrics below, Collegium Pharmaceutical, Inc. leads on 14 and Harrow, Inc. on 6.

Valuation

Metric COLL HROW Drug Manufacturers Specialty & Generic median
P/E 20.55 n/m 20.55
P/S 0.98 3.53 2.08
P/B 2.68 65.54 1.79
Price to free cash flow n/m n/m 16.29
EV/EBITDA 4.43 55.36 12.22
EV/Sales 2.12 4.30 2.87
Earnings yield 4.87% (3.80%) (15.94%)
Free cash flow yield (4.01%) (1.34%) 0.00%

Profitability

Metric COLL HROW Drug Manufacturers Specialty & Generic median
Gross margin 59.05% 73.28% 53.51%
Operating margin 15.22% (1.00%) 0.00%
Net margin 4.68% (13.51%) (2.45%)
Free cash flow margin 41.25% (4.75%) 0.00%
Return on equity 13.36% (116.07%) (0.80%)
Return on assets 2.06% (9.77%) (1.67%)
Return on invested capital 5.63% (0.77%) 0.00%

Growth

Metric COLL HROW Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) 7.68% 21.05% 5.22%
EPS growth (last fiscal year) (6.99%) 71.43% 42.91%
Revenue growth, 5-year CAGR 20.28% 40.99% 7.24%
Net income growth, 5-year CAGR 18.64% 0.00% 0.00%

Health

Metric COLL HROW Drug Manufacturers Specialty & Generic median
Debt to equity 3.65 19.70 0.04
Current ratio 1.01 2.24 2.41
Net debt to EBITDA 1.00 3.14 1.01

Dividend

Metric COLL HROW Drug Manufacturers Specialty & Generic median
Dividend yield — — 1.45%
Payout ratio — — 0.27

Size

Metric COLL HROW Drug Manufacturers Specialty & Generic median
Market cap 819.10m 976.19m 315.39m

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