Praxis Precision Medicines, Inc. (PRAX) vs Protagonist Therapeutics, Inc. (PTGX)

Praxis Precision Medicines, Inc. and Protagonist Therapeutics, Inc. are both Biotechnology companies. Protagonist Therapeutics, Inc. is the larger, with a market value of $8.9B against $7.9B — 1.1× the size. Praxis Precision Medicines, Inc. has negative trailing earnings, so its P/E is not meaningful; Protagonist Therapeutics, Inc. trades at 117×. Praxis Precision Medicines, Inc. grew revenue faster over the last twelve months: 249.5% against 34.8%. Protagonist Therapeutics, Inc. has the higher net margin (29.4% vs 0.00%) and the higher return on invested capital (61.8% vs −40.6%). Across the 15 metrics below, Protagonist Therapeutics, Inc. leads on 11 and Praxis Precision Medicines, Inc. on 4.

Valuation

Metric PRAX PTGX Biotechnology median
P/E n/m 116.99 7.88
P/S 956.32 33.37 11.47
P/B 6.10 11.18 2.52
Price to free cash flow n/m 72.07 21.16
EV/EBITDA n/m 153.05 0.74
EV/Sales 867.63 30.60 10.73
Earnings yield (4.61%) 0.85% (28.84%)
Free cash flow yield (3.74%) 1.39% (23.03%)

Profitability

Metric PRAX PTGX Biotechnology median
Gross margin 100.00% 100.00% 65.16%
Operating margin 0.00% 20.69% 0.00%
Net margin 0.00% 29.40% 0.00%
Free cash flow margin 0.00% 46.31% 0.00%
Return on equity (38.86%) 10.98% (57.72%)
Return on assets (36.80%) 10.34% (49.22%)
Return on invested capital (40.58%) 61.84% 0.00%

Growth

Metric PRAX PTGX Biotechnology median
Revenue growth (TTM) 249.53% 34.81% 5.64%
EPS growth (last fiscal year) (32.03%) (148.46%) —
Revenue growth, 5-year CAGR — 9.96% 8.40%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric PRAX PTGX Biotechnology median
Debt to equity 0.00 0.00 0.00
Current ratio 15.73 21.71 4.73
Net debt to EBITDA 1.82 3.49 0.96

Dividend

Metric PRAX PTGX Biotechnology median
Dividend yield — — 2.10%
Payout ratio 0.00 0.00 0.00

Size

Metric PRAX PTGX Biotechnology median
Market cap 7.87b 8.88b 162.10m

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