Foghorn Therapeutics Inc. (FHTX) vs Protalix BioTherapeutics, Inc. (PLX)

Foghorn Therapeutics Inc. and Protalix BioTherapeutics, Inc. are both Biotechnology companies. Foghorn Therapeutics Inc. and Protalix BioTherapeutics, Inc. are of similar size ($221.6M and $213.8M). Foghorn Therapeutics Inc. has negative trailing earnings, so its P/E is not meaningful; Protalix BioTherapeutics, Inc. trades at 11.3×. Foghorn Therapeutics Inc. grew revenue faster over the last twelve months: 52.0% against 30.1%. Protalix BioTherapeutics, Inc. has the higher net margin (23.5% vs −175.8%) and the higher return on invested capital (48.5% vs 0.00%). Across the 16 metrics below, Protalix BioTherapeutics, Inc. leads on 9 and Foghorn Therapeutics Inc. on 7.

Valuation

Metric FHTX PLX Biotechnology median
P/E n/m 11.33 7.88
P/S 6.73 2.70 11.47
P/B n/m 3.05 2.52
Price to free cash flow n/m 28.37 21.16
EV/EBITDA n/m 7.27 0.74
EV/Sales 3.22 2.24 10.73
Earnings yield (28.00%) 8.82% (28.84%)
Free cash flow yield (34.11%) 3.52% (23.03%)

Profitability

Metric FHTX PLX Biotechnology median
Gross margin 100.00% 69.20% 65.16%
Operating margin (198.04%) 28.89% 0.00%
Net margin (175.78%) 23.50% 0.00%
Free cash flow margin (229.49%) 9.51% 0.00%
Return on equity 81.90% 31.23% (57.72%)
Return on assets (30.06%) 20.07% (49.22%)
Return on invested capital 0.00% 48.48% 0.00%

Growth

Metric FHTX PLX Biotechnology median
Revenue growth (TTM) 51.98% 30.14% 5.64%
EPS growth (last fiscal year) 25.32% (300.00%) —
Revenue growth, 5-year CAGR 135.14% (3.46%) 8.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric FHTX PLX Biotechnology median
Debt to equity 0.00 0.00 0.00
Current ratio 3.36 2.94 4.73
Net debt to EBITDA 1.88 7.68 0.96

Dividend

Metric FHTX PLX Biotechnology median
Dividend yield — — 2.10%
Payout ratio 0.00 0.00 0.00

Size

Metric FHTX PLX Biotechnology median
Market cap 213.79m 221.57m 162.10m

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