Incannex Healthcare Inc. (IXHL) vs SCYNEXIS, Inc. (SCYX)

Incannex Healthcare Inc. and SCYNEXIS, Inc. are both Drug Manufacturers Specialty & Generic companies. Incannex Healthcare Inc. and SCYNEXIS, Inc. are of similar size ($38.9M and $36.1M). Incannex Healthcare Inc. has the higher net margin (0.00% vs −49.7%) and the higher return on invested capital (0.00% vs −110.7%). Across the 16 metrics below, Incannex Healthcare Inc. leads on 8 and SCYNEXIS, Inc. on 8.

Valuation

Metric IXHL SCYX Drug Manufacturers Specialty & Generic median
P/E n/m n/m 19.25
P/S 21.06 2.11 2.11
P/B 0.49 0.65 1.78
Price to free cash flow n/m n/m 16.14
EV/EBITDA 1.36 n/m 12.58
EV/Sales (19.90) 0.73 2.73
Earnings yield (60.71%) (56.95%) (4.38%)
Free cash flow yield (39.17%) (30.71%) 0.00%

Profitability

Metric IXHL SCYX Drug Manufacturers Specialty & Generic median
Gross margin (0.10%) 100.00% 53.94%
Operating margin 0.00% (109.90%) 0.00%
Net margin 0.00% (49.74%) 0.00%
Free cash flow margin 0.00% (64.67%) 0.00%
Return on equity (47.80%) (18.38%) (0.40%)
Return on assets (41.32%) (15.09%) (3.32%)
Return on invested capital 0.00% (110.72%) 0.00%

Growth

Metric IXHL SCYX Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) — 682.47% 10.01%
EPS growth (last fiscal year) 95.91% 61.36% 49.06%
Revenue growth, 5-year CAGR (29.64%) 179.40% 6.74%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric IXHL SCYX Drug Manufacturers Specialty & Generic median
Debt to equity 0.00 0.00 0.05
Current ratio 48.81 9.65 2.31
Net debt to EBITDA 2.97 2.54 0.97

Dividend

Metric IXHL SCYX Drug Manufacturers Specialty & Generic median
Dividend yield — — 1.57%
Payout ratio — — 0.27

Size

Metric IXHL SCYX Drug Manufacturers Specialty & Generic median
Market cap 36.12m 38.90m 276.90m

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