Kodiak Sciences Inc. (KOD) vs Vericel Corporation (VCEL)

Kodiak Sciences Inc. and Vericel Corporation are both Biotechnology companies. Kodiak Sciences Inc. and Vericel Corporation are of similar size ($2.1B and $2.0B). Kodiak Sciences Inc. has negative trailing earnings, so its P/E is not meaningful; Vericel Corporation trades at 82.6×. Vericel Corporation has the higher net margin (7.91% vs 0.00%) and the higher return on invested capital (5.49% vs 0.00%). Across the 14 metrics below, Vericel Corporation leads on 14 and Kodiak Sciences Inc. on 0.

Valuation

Metric KOD VCEL Biotechnology median
P/E n/m 82.63 7.88
P/S n/m 6.61 11.47
P/B 33.16 5.47 2.52
Price to free cash flow n/m 32.85 21.16
EV/EBITDA n/m 62.29 0.74
EV/Sales n/m 6.36 10.73
Earnings yield (12.95%) 1.21% (28.84%)
Free cash flow yield (7.89%) 3.04% (23.03%)

Profitability

Metric KOD VCEL Biotechnology median
Gross margin 0.00% 74.56% 65.16%
Operating margin 0.00% 5.95% 0.00%
Net margin 0.00% 7.91% 0.00%
Free cash flow margin 0.00% 20.13% 0.00%
Return on equity (368.37%) 7.16% (57.72%)
Return on assets (94.25%) 5.16% (49.22%)
Return on invested capital 0.00% 5.49% 0.00%

Growth

Metric KOD VCEL Biotechnology median
Revenue growth (TTM) — 22.95% 5.64%
EPS growth (last fiscal year) (28.96%) 60.00% —
Revenue growth, 5-year CAGR — 17.34% 8.40%
Net income growth, 5-year CAGR 0.00% 41.97% 0.00%

Health

Metric KOD VCEL Biotechnology median
Debt to equity 0.00 0.00 0.00
Current ratio 2.49 5.04 4.73
Net debt to EBITDA 1.01 (6.08) 0.96

Dividend

Metric KOD VCEL Biotechnology median
Dividend yield — — 2.10%
Payout ratio 0.00 0.00 0.00

Size

Metric KOD VCEL Biotechnology median
Market cap 2.09b 2.03b 162.10m

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