4D Molecular Therapeutics, Inc. (FDMT) vs WAVE Life Sciences Ltd. (WVE)

4D Molecular Therapeutics, Inc. and WAVE Life Sciences Ltd. are both Biotechnology companies. 4D Molecular Therapeutics, Inc. and WAVE Life Sciences Ltd. are of similar size ($807.1M and $780.3M). 4D Molecular Therapeutics, Inc. grew revenue faster over the last twelve months: 278,712.1% against −30.4%. 4D Molecular Therapeutics, Inc. has the higher net margin (−194.7% vs −309.7%) and the lower return on invested capital (−186.9% vs 0.00%). Across the 17 metrics below, 4D Molecular Therapeutics, Inc. leads on 12 and WAVE Life Sciences Ltd. on 5.

Valuation

Metric FDMT WVE Biotechnology median
P/E n/m n/m 7.88
P/S 11.05 11.80 11.47
P/B 2.49 1.70 2.52
Price to free cash flow n/m n/m 21.16
EV/EBITDA n/m n/m 0.74
EV/Sales 7.34 4.71 10.73
Earnings yield (18.18%) (28.84%) (28.84%)
Free cash flow yield (15.34%) (25.05%) (23.03%)

Profitability

Metric FDMT WVE Biotechnology median
Gross margin 100.00% 100.00% 65.16%
Operating margin (214.24%) (333.36%) 0.00%
Net margin (194.74%) (309.73%) 0.00%
Free cash flow margin (169.51%) (295.46%) 0.00%
Return on equity (43.25%) (68.31%) (57.72%)
Return on assets (37.09%) (49.95%) (49.22%)
Return on invested capital (186.91%) 0.00% 0.00%

Growth

Metric FDMT WVE Biotechnology median
Revenue growth (TTM) 278,712.12% (30.42%) 5.64%
EPS growth (last fiscal year) 18.79% (72.86%) —
Revenue growth, 5-year CAGR 44.32% 16.31% 8.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FDMT WVE Biotechnology median
Debt to equity 0.05 0.00 0.00
Current ratio 8.03 9.99 4.73
Net debt to EBITDA 2.52 2.92 0.96

Dividend

Metric FDMT WVE Biotechnology median
Dividend yield — — 2.10%
Payout ratio 0.00 0.00 0.00

Size

Metric FDMT WVE Biotechnology median
Market cap 807.12m 780.31m 162.10m

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