Liquidia Corporation (LQDA) vs Regencell Bioscience Holdings Limited (RGC)

Liquidia Corporation and Regencell Bioscience Holdings Limited are both Drug Manufacturers Specialty & Generic companies. Regencell Bioscience Holdings Limited is the larger, with a market value of $4.7B against $3.1B — 1.5× the size. Regencell Bioscience Holdings Limited has negative trailing earnings, so its P/E is not meaningful; Liquidia Corporation trades at 21.9×. Liquidia Corporation has the higher net margin (30.7% vs 0.00%) and the higher return on invested capital (121.1% vs 0.00%). Across the 12 metrics below, Liquidia Corporation leads on 10 and Regencell Bioscience Holdings Limited on 2.

Valuation

Metric LQDA RGC Drug Manufacturers Specialty & Generic median
P/E 21.88 n/m 19.25
P/S 6.77 n/m 2.11
P/B 15.65 n/m 1.78
Price to free cash flow 20.26 n/m 16.14
EV/EBITDA 17.30 0.19 12.58
EV/Sales 6.53 n/m 2.73
Earnings yield 4.57% (10.74%) (4.38%)
Free cash flow yield 4.94% 0.00% 0.00%

Profitability

Metric LQDA RGC Drug Manufacturers Specialty & Generic median
Gross margin 92.54% — 53.94%
Operating margin 37.39% — 0.00%
Net margin 30.74% 0.00% 0.00%
Free cash flow margin 33.42% 0.00% 0.00%
Return on equity 131.82% 0.00% (0.40%)
Return on assets 35.57% 0.00% (3.32%)
Return on invested capital 121.05% 0.00% 0.00%

Growth

Metric LQDA RGC Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) 2,233.65% — 10.01%
EPS growth (last fiscal year) 51.81% (229.17%) 49.06%
Revenue growth, 5-year CAGR 192.49% — 6.74%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric LQDA RGC Drug Manufacturers Specialty & Generic median
Debt to equity 0.90 0.00 0.05
Current ratio 2.31 1.42 2.31
Net debt to EBITDA (0.01) 1.22 0.97

Dividend

Metric LQDA RGC Drug Manufacturers Specialty & Generic median
Dividend yield — — 1.57%
Payout ratio — — 0.27

Size

Metric LQDA RGC Drug Manufacturers Specialty & Generic median
Market cap 3.11b 4.72b 276.90m

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