MeiraGTx Holdings PLC (MGTX) vs MannKind Corporation (MNKD)

MeiraGTx Holdings PLC and MannKind Corporation are both Biotechnology companies. MeiraGTx Holdings PLC and MannKind Corporation are of similar size ($1.1B and $1.1B). MannKind Corporation has negative trailing earnings, so its P/E is not meaningful; MeiraGTx Holdings PLC trades at 14.4×. MeiraGTx Holdings PLC grew revenue faster over the last twelve months: 948.4% against 30.5%. MeiraGTx Holdings PLC has the higher net margin (19.9% vs −11.1%) and the higher return on invested capital (66.6% vs 2.36%). Across the 18 metrics below, MeiraGTx Holdings PLC leads on 16 and MannKind Corporation on 2.

Valuation

Metric MGTX MNKD Biotechnology median
P/E 14.36 n/m 7.88
P/S 2.51 2.62 11.47
P/B 4.62 n/m 2.52
Price to free cash flow 98.53 n/m 21.16
EV/EBITDA 4.83 42.70 0.74
EV/Sales 2.40 3.41 10.73
Earnings yield 6.97% (3.89%) (28.84%)
Free cash flow yield 1.01% (1.76%) (23.03%)

Profitability

Metric MGTX MNKD Biotechnology median
Gross margin 97.95% 75.39% 65.16%
Operating margin 46.30% 2.34% 0.00%
Net margin 19.87% (11.08%) 0.00%
Free cash flow margin 2.55% (4.61%) 0.00%
Return on equity 72.22% 71.36% (57.72%)
Return on assets 26.54% (7.62%) (49.22%)
Return on invested capital 66.60% 2.36% 0.00%

Growth

Metric MGTX MNKD Biotechnology median
Revenue growth (TTM) 948.35% 30.46% 5.64%
EPS growth (last fiscal year) 33.02% (80.00%) —
Revenue growth, 5-year CAGR 39.22% 39.89% 8.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MGTX MNKD Biotechnology median
Debt to equity 0.46 (6.28) 0.00
Current ratio 3.76 1.72 4.73
Net debt to EBITDA 0.18 5.32 0.96

Dividend

Metric MGTX MNKD Biotechnology median
Dividend yield — — 2.10%
Payout ratio 0.00 0.00 0.00

Size

Metric MGTX MNKD Biotechnology median
Market cap 1.06b 1.06b 162.10m

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