Corcept Therapeutics Incorporated (CORT) vs Madrigal Pharmaceuticals, Inc. (MDGL)

Corcept Therapeutics Incorporated and Madrigal Pharmaceuticals, Inc. are both Biotechnology companies. Corcept Therapeutics Incorporated and Madrigal Pharmaceuticals, Inc. are of similar size ($12.9B and $11.9B). Madrigal Pharmaceuticals, Inc. has negative trailing earnings, so its P/E is not meaningful; Corcept Therapeutics Incorporated trades at 223×. Madrigal Pharmaceuticals, Inc. grew revenue faster over the last twelve months: 149.0% against 16.0%. Corcept Therapeutics Incorporated has the higher net margin (6.53% vs −25.3%) and the higher return on invested capital (1.01% vs −787.3%). Across the 18 metrics below, Corcept Therapeutics Incorporated leads on 12 and Madrigal Pharmaceuticals, Inc. on 6.

Valuation

Metric CORT MDGL Biotechnology median
P/E 223.27 n/m 7.88
P/S 14.73 11.73 11.47
P/B 17.33 28.75 2.52
Price to free cash flow 114.42 n/m 21.16
EV/EBITDA 3,205.62 n/m 0.74
EV/Sales 14.36 11.34 10.73
Earnings yield 0.45% (2.50%) (28.84%)
Free cash flow yield 0.87% (1.39%) (23.03%)

Profitability

Metric CORT MDGL Biotechnology median
Gross margin 98.30% 91.48% 65.16%
Operating margin 0.77% (25.13%) 0.00%
Net margin 6.53% (25.32%) 0.00%
Free cash flow margin 12.87% (16.07%) 0.00%
Return on equity 8.08% (53.31%) (57.72%)
Return on assets 6.41% (28.77%) (49.22%)
Return on invested capital 1.01% (787.33%) 0.00%

Growth

Metric CORT MDGL Biotechnology median
Revenue growth (TTM) 16.02% 149.04% 5.64%
EPS growth (last fiscal year) (33.33%) 41.32% —
Revenue growth, 5-year CAGR 16.56% — 8.40%
Net income growth, 5-year CAGR (1.52%) 0.00% 0.00%

Health

Metric CORT MDGL Biotechnology median
Debt to equity 0.00 0.65 0.00
Current ratio 2.86 3.20 4.73
Net debt to EBITDA (8.83) 2.21 0.96

Dividend

Metric CORT MDGL Biotechnology median
Dividend yield 0.31% — 2.10%
Payout ratio 0.00 0.00 0.00

Size

Metric CORT MDGL Biotechnology median
Market cap 12.87b 11.86b 162.10m

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