Collegium Pharmaceutical, Inc. (COLL) vs Tilray Brands, Inc. (TLRY)

Collegium Pharmaceutical, Inc. and Tilray Brands, Inc. are both Drug Manufacturers Specialty & Generic companies. Collegium Pharmaceutical, Inc. is the larger, with a market value of $754.6M against $474.4M — 1.6× the size. Tilray Brands, Inc. has negative trailing earnings, so its P/E is not meaningful; Collegium Pharmaceutical, Inc. trades at 15.2×. Tilray Brands, Inc. grew revenue faster over the last twelve months: 15.9% against 14.3%. Collegium Pharmaceutical, Inc. has the higher net margin (5.93% vs −17.1%) and the higher return on invested capital (7.85% vs −3.21%). Across the 19 metrics below, Collegium Pharmaceutical, Inc. leads on 12 and Tilray Brands, Inc. on 7.

Valuation

Metric COLL TLRY Drug Manufacturers Specialty & Generic median
P/E 15.16 n/m 19.25
P/S 0.93 0.42 2.11
P/B 2.41 0.25 1.78
Price to free cash flow n/m n/m 16.14
EV/EBITDA 4.34 n/m 12.58
EV/Sales 2.10 0.56 2.73
Earnings yield 6.60% (45.40%) (4.38%)
Free cash flow yield (5.31%) (43.04%) 0.00%

Profitability

Metric COLL TLRY Drug Manufacturers Specialty & Generic median
Gross margin 60.02% 29.12% 53.94%
Operating margin 19.48% (9.26%) 0.00%
Net margin 5.93% (17.05%) 0.00%
Free cash flow margin 40.62% (18.11%) 0.00%
Return on equity 17.61% (10.50%) (0.40%)
Return on assets 2.57% (7.45%) (3.32%)
Return on invested capital 7.85% (3.21%) 0.00%

Growth

Metric COLL TLRY Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) 14.31% 15.93% 10.01%
EPS growth (last fiscal year) (6.99%) 95.57% 49.06%
Revenue growth, 5-year CAGR 20.28% 7.82% 6.74%
Net income growth, 5-year CAGR 18.64% 0.00% 0.00%

Health

Metric COLL TLRY Drug Manufacturers Specialty & Generic median
Debt to equity 3.50 0.22 0.05
Current ratio 1.03 1.88 2.31
Net debt to EBITDA 1.00 11.34 0.97

Dividend

Metric COLL TLRY Drug Manufacturers Specialty & Generic median
Dividend yield — — 1.57%
Payout ratio — — 0.27

Size

Metric COLL TLRY Drug Manufacturers Specialty & Generic median
Market cap 754.64m 474.40m 276.90m

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