Cronos Group Inc. (CRON) vs Phibro Animal Health Corporation (PAHC)

Cronos Group Inc. and Phibro Animal Health Corporation are both Drug Manufacturers Specialty & Generic companies. Phibro Animal Health Corporation is the larger, with a market value of $1.4B against $1.2B — 1.1× the size. Phibro Animal Health Corporation trades at the lower P/E: 14.0× against 16.7×. Cronos Group Inc. grew revenue faster over the last twelve months: 37.5% against 17.1%. Cronos Group Inc. has the higher net margin (20.9% vs 6.57%) and the lower return on invested capital (−0.34% vs 11.7%). Across the 22 metrics below, Phibro Animal Health Corporation leads on 12 and Cronos Group Inc. on 10.

Valuation

Metric CRON PAHC Drug Manufacturers Specialty & Generic median
P/E 16.70 14.00 20.14
P/S 6.97 0.92 2.25
P/B 1.12 3.62 1.90
Price to free cash flow 25.24 141.58 16.54
EV/EBITDA 36.04 8.25 12.29
EV/Sales 2.53 1.35 2.56
Earnings yield 5.99% 7.14% (2.99%)
Free cash flow yield 3.96% 0.71% 0.00%

Profitability

Metric CRON PAHC Drug Manufacturers Specialty & Generic median
Gross margin 45.86% 33.76% 53.94%
Operating margin (0.96%) 12.81% 0.00%
Net margin 20.91% 6.57% 0.00%
Free cash flow margin 27.61% 0.65% 0.00%
Return on equity 3.33% 29.72% (0.40%)
Return on assets 3.18% 6.97% (3.32%)
Return on invested capital (0.34%) 11.72% 0.00%

Growth

Metric CRON PAHC Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) 37.46% 17.12% 10.01%
EPS growth (last fiscal year) (118.18%) 104.20% —
Revenue growth, 5-year CAGR 25.70% 12.74% 6.74%
Net income growth, 5-year CAGR 0.00% 12.89% 0.00%

Health

Metric CRON PAHC Drug Manufacturers Specialty & Generic median
Debt to equity 0.00 1.90 0.05
Current ratio 16.18 2.96 2.31
Net debt to EBITDA 337.10 2.62 0.85

Dividend

Metric CRON PAHC Drug Manufacturers Specialty & Generic median
Dividend yield — 4.19% 1.70%
Payout ratio 0.00 0.59 0.00

Size

Metric CRON PAHC Drug Manufacturers Specialty & Generic median
Market cap 1.22b 1.38b 337.35m

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