Eton Pharmaceuticals, Inc. (ETON) vs Prestige Consumer Healthcare Inc. (PBH)

Eton Pharmaceuticals, Inc. and Prestige Consumer Healthcare Inc. are both Drug Manufacturers Specialty & Generic companies. Prestige Consumer Healthcare Inc. is the larger, with a market value of $2.2B against $1.7B — 1.3× the size. Prestige Consumer Healthcare Inc. trades at the lower P/E: 13.0× against 123×. Eton Pharmaceuticals, Inc. grew revenue faster over the last twelve months: 81.5% against −1.36%. Prestige Consumer Healthcare Inc. has the higher net margin (15.6% vs 12.0%) and the lower return on invested capital (4.70% vs 21.4%). Across the 21 metrics below, Prestige Consumer Healthcare Inc. leads on 13 and Eton Pharmaceuticals, Inc. on 8.

Valuation

Metric ETON PBH Drug Manufacturers Specialty & Generic median
P/E 122.72 12.98 20.14
P/S 15.10 2.00 2.25
P/B 34.23 1.15 1.90
Price to free cash flow n/m 9.40 16.54
EV/EBITDA 74.26 12.82 12.29
EV/Sales 15.11 3.76 2.56
Earnings yield 0.81% 7.70% (2.99%)
Free cash flow yield (0.53%) 10.64% 0.00%

Profitability

Metric ETON PBH Drug Manufacturers Specialty & Generic median
Gross margin 57.87% 53.53% 53.94%
Operating margin 15.44% 26.26% 0.00%
Net margin 12.02% 15.57% 0.00%
Free cash flow margin (7.94%) 21.30% 0.00%
Return on equity 35.97% 9.12% (0.40%)
Return on assets 11.67% 4.30% (3.32%)
Return on invested capital 21.39% 4.70% 0.00%

Growth

Metric ETON PBH Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) 81.49% (1.36%) 10.01%
EPS growth (last fiscal year) (13.33%) (8.86%) —
Revenue growth, 5-year CAGR 359.57% 2.91% 6.74%
Net income growth, 5-year CAGR 0.00% 2.93% 0.00%

Health

Metric ETON PBH Drug Manufacturers Specialty & Generic median
Debt to equity 0.60 1.06 0.05
Current ratio 1.52 3.23 2.31
Net debt to EBITDA 1.18 2.77 0.85

Dividend

Metric ETON PBH Drug Manufacturers Specialty & Generic median
Dividend yield — — 1.70%
Payout ratio 0.00 0.00 0.00

Size

Metric ETON PBH Drug Manufacturers Specialty & Generic median
Market cap 1.72b 2.16b 337.35m

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