CorMedix Inc (CRMD) vs Sagimet Biosciences Inc. (SGMT)

CorMedix Inc and Sagimet Biosciences Inc. are both Biotechnology companies. CorMedix Inc and Sagimet Biosciences Inc. are of similar size ($581.5M and $574.7M). Sagimet Biosciences Inc. has negative trailing earnings, so its P/E is not meaningful; CorMedix Inc trades at 3.0×. CorMedix Inc has the higher net margin (40.5% vs 0.00%) and the higher return on invested capital (38.8% vs −205.2%). Across the 14 metrics below, CorMedix Inc leads on 12 and Sagimet Biosciences Inc. on 2.

Valuation

Metric CRMD SGMT Biotechnology median
P/E 3.01 n/m 8.50
P/S 1.23 n/m 9.71
P/B 1.24 1.66 2.13
Price to free cash flow 2.27 n/m 20.82
EV/EBITDA 1.81 n/m 0.64
EV/Sales 0.99 n/m 9.21
Earnings yield 33.20% (15.96%) (33.15%)
Free cash flow yield 43.97% (9.79%) (25.50%)

Profitability

Metric CRMD SGMT Biotechnology median
Gross margin 82.78% 0.00% 65.16%
Operating margin 46.95% 0.00% 0.00%
Net margin 40.49% 0.00% 0.00%
Free cash flow margin 54.17% 0.00% 0.00%
Return on equity 54.93% (24.37%) (56.36%)
Return on assets 32.36% (23.49%) (48.04%)
Return on invested capital 38.84% (205.24%) 0.00%

Growth

Metric CRMD SGMT Biotechnology median
Revenue growth (TTM) 280.50% — 6.02%
EPS growth (last fiscal year) 780.00% (8.97%) 30.26%
Revenue growth, 5-year CAGR 305.79% — 9.41%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric CRMD SGMT Biotechnology median
Debt to equity 0.32 0.00 0.00
Current ratio 2.56 45.02 4.72
Net debt to EBITDA (0.02) 1.98 0.96

Dividend

Metric CRMD SGMT Biotechnology median
Dividend yield — — 0.09%
Payout ratio — — —

Size

Metric CRMD SGMT Biotechnology median
Market cap 581.47m 574.68m 135.18m

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