COV Relative Valuation - Covalon Technologies Ltd - Alpha Spread

Covalon Technologies Ltd
XTSX:COV

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Covalon Technologies Ltd
XTSX:COV
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Price: 3.17 CAD -2.46%
Market Cap: 78.2m CAD
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Relative Value

The Relative Value of one COV stock under the Base Case scenario is 3.18 CAD. Compared to the current market price of 3.17 CAD, Covalon Technologies Ltd is Fairly Valued.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

COV Relative Value
Base Case
3.18 CAD
Fairly Valued
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
12
vs Industry
80
Median 3Y
1.8
Median 5Y
1.6
Industry
7.7
vs History
vs Industry
Median 3Y
-6.3
Median 5Y
-5.8
Industry
23.9
vs History
7
vs Industry
Median 3Y
-8
Median 5Y
-9.1
Industry
22.2
vs History
vs Industry
Median 3Y
-6.7
Median 5Y
-6.8
Industry
24
vs History
19
vs Industry
36
Median 3Y
2.1
Median 5Y
2.4
Industry
2.5
vs History
6
vs Industry
72
Median 3Y
1.6
Median 5Y
1.4
Industry
7.4
vs History
19
vs Industry
65
Median 3Y
3.2
Median 5Y
2.8
Industry
8.5
vs History
vs Industry
Median 3Y
-8
Median 5Y
-5.9
Industry
5.1
vs History
vs Industry
Median 3Y
-6.2
Median 5Y
-5.2
Industry
4.7
vs History
9
vs Industry
Median 3Y
-6.3
Median 5Y
-7.2
Industry
6.6
vs History
4
vs Industry
Median 3Y
-5.1
Median 5Y
-5.8
Industry
4.7
vs History
0
vs Industry
39
Median 3Y
3.2
Median 5Y
2.2
Industry
4.7

Multiples Across Competitors

COV Competitors Multiples
Covalon Technologies Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Covalon Technologies Ltd
XTSX:COV
80.2m CAD 2.7 -95 -166.5 -51.7
US
Abbvie Inc
NYSE:ABBV
340.3B USD 6.2 64.3 15.7 24
US
Amgen Inc
NASDAQ:AMGN
181.1B USD 5.9 57.8 20.2 36.7
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
129.3B USD 9.6 29.9 26.3 29.1
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
123.8B USD 12 -252.7 26.9 28.2
US
Epizyme Inc
F:EPE
94.1B EUR 1 975 -504 -548.8 -534.2
US
Gilead Sciences Inc
NASDAQ:GILD
104.7B USD 3.8 99.5 9.5 12
AU
CSL Ltd
ASX:CSL
142.3B AUD 6.5 36.4 22.3 27.8
US
Seagen Inc
F:SGT
39.3B EUR 19 -58.3 -62.8 -56.7
US
Palatin Technologies Inc
LSE:0KF3
38.2B USD 6 466.9 -1 161.2 -1 176.8 -1 164.7
US
Alnylam Pharmaceuticals Inc
NASDAQ:ALNY
35.7B USD 15.2 -489.2 215.5 331.7
P/E Multiple
Earnings Growth
CA
Covalon Technologies Ltd
XTSX:COV
Average P/E: 57.6
Negative Multiple: -95
N/A
US
Abbvie Inc
NYSE:ABBV
64.3
406%
US
Amgen Inc
NASDAQ:AMGN
57.8
74%
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
29.9
56%
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
Negative Multiple: -252.7
38%
US
E
Epizyme Inc
F:EPE
Negative Multiple: -504 N/A
US
Gilead Sciences Inc
NASDAQ:GILD
99.5
71%
AU
CSL Ltd
ASX:CSL
36.4
64%
US
S
Seagen Inc
F:SGT
Negative Multiple: -58.3 N/A
US
P
Palatin Technologies Inc
LSE:0KF3
Negative Multiple: -1 161.2 N/A
US
Alnylam Pharmaceuticals Inc
NASDAQ:ALNY
Negative Multiple: -489.2 N/A
EV/EBITDA Multiple
EBITDA Growth
CA
Covalon Technologies Ltd
XTSX:COV
Average EV/EBITDA: 48
Negative Multiple: -166.5
N/A
US
Abbvie Inc
NYSE:ABBV
15.7
28%
US
Amgen Inc
NASDAQ:AMGN
20.2
57%
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
26.3
47%
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
26.9
39%
US
E
Epizyme Inc
F:EPE
Negative Multiple: -548.8 N/A
US
Gilead Sciences Inc
NASDAQ:GILD
9.5
10%
AU
CSL Ltd
ASX:CSL
22.3
45%
US
S
Seagen Inc
F:SGT
Negative Multiple: -62.8 N/A
US
P
Palatin Technologies Inc
LSE:0KF3
Negative Multiple: -1 176.8 N/A
US
Alnylam Pharmaceuticals Inc
NASDAQ:ALNY
215.5
N/A
EV/EBIT Multiple
EBIT Growth
CA
Covalon Technologies Ltd
XTSX:COV
Average EV/EBIT: 69.9
Negative Multiple: -51.7
N/A
US
Abbvie Inc
NYSE:ABBV
24
86%
US
Amgen Inc
NASDAQ:AMGN
36.7
95%
US
Regeneron Pharmaceuticals Inc
NASDAQ:REGN
29.1
49%
US
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
28.2
38%
US
E
Epizyme Inc
F:EPE
Negative Multiple: -534.2 N/A
US
Gilead Sciences Inc
NASDAQ:GILD
12
26%
AU
CSL Ltd
ASX:CSL
27.8
59%
US
S
Seagen Inc
F:SGT
Negative Multiple: -56.7 N/A
US
P
Palatin Technologies Inc
LSE:0KF3
Negative Multiple: -1 164.7 N/A
US
Alnylam Pharmaceuticals Inc
NASDAQ:ALNY
331.7
N/A

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