Phibro Animal Health Corporation (PAHC) vs Xeris Biopharma Holdings, Inc. (XERS)

Phibro Animal Health Corporation and Xeris Biopharma Holdings, Inc. are both Drug Manufacturers Specialty & Generic companies. Xeris Biopharma Holdings, Inc. is the larger, with a market value of $1.6B against $1.4B — 1.2× the size. Xeris Biopharma Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Phibro Animal Health Corporation trades at 14.0×. Xeris Biopharma Holdings, Inc. grew revenue faster over the last twelve months: 36.3% against 17.1%. Phibro Animal Health Corporation has the higher net margin (6.57% vs −5.12%) and the lower return on invested capital (11.7% vs 18.9%). Across the 20 metrics below, Phibro Animal Health Corporation leads on 11 and Xeris Biopharma Holdings, Inc. on 9.

Valuation

Metric PAHC XERS Drug Manufacturers Specialty & Generic median
P/E 14.00 n/m 20.14
P/S 0.92 4.69 2.25
P/B 3.62 n/m 1.90
Price to free cash flow 141.58 28.25 16.54
EV/EBITDA 8.25 32.20 12.29
EV/Sales 1.35 5.08 2.56
Earnings yield 7.14% (1.06%) (2.99%)
Free cash flow yield 0.71% 3.54% 0.00%

Profitability

Metric PAHC XERS Drug Manufacturers Specialty & Generic median
Gross margin 33.76% 86.58% 53.94%
Operating margin 12.81% 10.91% 0.00%
Net margin 6.57% (5.12%) 0.00%
Free cash flow margin 0.65% 16.60% 0.00%
Return on equity 29.72% 118.22% (0.40%)
Return on assets 6.97% (4.60%) (3.32%)
Return on invested capital 11.72% 18.88% 0.00%

Growth

Metric PAHC XERS Drug Manufacturers Specialty & Generic median
Revenue growth (TTM) 17.12% 36.33% 10.01%
EPS growth (last fiscal year) 104.20% 100.86% —
Revenue growth, 5-year CAGR 12.74% 70.20% 6.74%
Net income growth, 5-year CAGR 12.89% 0.00% 0.00%

Health

Metric PAHC XERS Drug Manufacturers Specialty & Generic median
Debt to equity 1.90 (25.95) 0.05
Current ratio 2.96 1.45 2.31
Net debt to EBITDA 2.62 2.67 0.85

Dividend

Metric PAHC XERS Drug Manufacturers Specialty & Generic median
Dividend yield 4.19% — 1.70%
Payout ratio 0.59 0.00 0.00

Size

Metric PAHC XERS Drug Manufacturers Specialty & Generic median
Market cap 1.38b 1.63b 337.35m

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