Insmed, Inc. (INSM) vs BeOne Medicines Ltd. - Sponsored ADR (ONC)

Insmed, Inc. and BeOne Medicines Ltd. - Sponsored ADR are both Biotechnology companies. BeOne Medicines Ltd. - Sponsored ADR is the larger, with a market value of $37.3B against $26.8B — 1.4× the size. Insmed, Inc. has negative trailing earnings, so its P/E is not meaningful; BeOne Medicines Ltd. - Sponsored ADR trades at 61.2×. Insmed, Inc. grew revenue faster over the last twelve months: 185.8% against 34.4%. BeOne Medicines Ltd. - Sponsored ADR has the higher net margin (10.7% vs −76.9%) and the higher return on invested capital (60.2% vs −329.2%). Across the 18 metrics below, BeOne Medicines Ltd. - Sponsored ADR leads on 16 and Insmed, Inc. on 2.

Valuation

Metric INSM ONC Biotechnology median
P/E n/m 61.16 7.88
P/S 22.51 6.57 11.47
P/B 33.81 7.78 2.52
Price to free cash flow n/m 30.73 21.16
EV/EBITDA n/m 34.08 0.74
EV/Sales 22.18 5.99 10.73
Earnings yield (3.49%) 1.64% (28.84%)
Free cash flow yield (3.15%) 3.25% (23.03%)

Profitability

Metric INSM ONC Biotechnology median
Gross margin 83.46% 88.89% 65.16%
Operating margin (73.89%) 15.06% 0.00%
Net margin (76.94%) 10.70% 0.00%
Free cash flow margin (71.00%) 21.70% 0.00%
Return on equity (87.22%) 14.66% (57.72%)
Return on assets (38.20%) 8.47% (49.22%)
Return on invested capital (329.22%) 60.22% 0.00%

Growth

Metric INSM ONC Biotechnology median
Revenue growth (TTM) 185.76% 34.35% 5.64%
EPS growth (last fiscal year) (15.26%) 141.34% —
Revenue growth, 5-year CAGR 29.83% 76.85% 8.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric INSM ONC Biotechnology median
Debt to equity 0.74 0.17 0.00
Current ratio 3.72 3.41 4.73
Net debt to EBITDA 0.71 (6.09) 0.96

Dividend

Metric INSM ONC Biotechnology median
Dividend yield — — 2.10%
Payout ratio 0.00 0.00 0.00

Size

Metric INSM ONC Biotechnology median
Market cap 26.84b 37.25b 162.10m

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