AMPH vs FENC vs ELTP Stock Comparison

Amphastar Pharmaceuticals, Fennec Pharmaceuticals and Elite Pharmaceuticals Prices as of Oct 28, 2026 Peers: Industry group

Head to Head

11 decided of 12

Elite Pharmaceuticals leads on 6 of the 12 questions below (Elite Pharmaceuticals 6, Amphastar Pharmaceuticals 3, Fennec Pharmaceuticals 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAMPHFENCELTPLeader
Larger companyMarket capitalisation $1.17B $375.16M $247.76M AMPH
Cheaper on earningsLower P/E, profitable companies only 15.0x -56.8x 4.4x ELTP
Cheaper on forward earningsLower price / next fiscal year consensus EPS 8.5x 37.5x — AMPH
Faster revenue growthRevenue growth, trailing twelve months +1.0% +61.4% +33.7% FENC
More profitableNet margin, trailing twelve months 10.8% -12.3% 40.2% ELTP
Better return on capitalReturn on invested capital 6.4% — 29.2% ELTP
Less leveragedLower net debt / EBITDA 1.8x — -1.0x ELTP
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +8.9% +24.1% -60.7% FENC
Better 5-year returnAnnualised price return, 5 years +7.1%/yr +3.3%/yr +43.1%/yr ELTP
Less volatileAnnualised volatility, 1 year 54.3% 64.1% 57.4% AMPH
Higher overall scoreMean of the five percentile scores vs peers 73/100 73/100 88/100 ELTP

Percentile Scorecard

AMPHFENCELTP

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAMPHFENCELTP
Valuation 99 #9 of 625 59 #260 of 625 98 #12 of 625
Growth 43 #343 of 602 93 #44 of 602 91 #54 of 602
Profitability 88 #67 of 549 85 #85 of 549 91 #50 of 549
Financial Health 37 #411 of 654 57 #282 of 654 76 #156 of 654
Shareholder Returns 99 #4 of 367 – 85 #55 of 367
Overall 73 73 88
  • AMPH ranked among 672 companies in Pharmaceuticals and Biotechnology
  • FENC ranked among 672 companies in Pharmaceuticals and Biotechnology
  • ELTP ranked among 672 companies in Pharmaceuticals and Biotechnology

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAMPHFENCELTPSPY
1 month -3.9%-0.7%-4.0% +0.9%
3 months +27.9%+12.6%-35.1% +5.9%
6 months +21.7%+73.6%-31.4% +8.5%
Year to date -1.7%+41.2%-51.0% +13.3%
1 year +8.9%+24.1%-60.7% +12.4%
3 years -41.0%+58.9%+100.0% +88.1%
3 years, per year -16.1%+16.7%+26.0% +23.5%
5 years +41.0%+17.4%+500.0% +68.2%
5 years, per year +7.1%+3.3%+43.1% +11.0%
10 years +47.2%+440.8%+41.2% +263.4%
10 years, per year +3.9%+18.4%+3.5% +13.8%

Risk

MeasureAMPHFENCELTPSPY
Volatility, 1Y 54.3%64.1%57.4% 12.7%
Downside volatility, 1Y 66.4%59.9%72.0% 12.7%
Beta vs S&P 500, 1Y 0.581.340.70 1.00
Return / volatility, 1Y 0.160.38-1.06 0.98
Max drawdown, 5Y -74.0%-65.6%-71.4% -25.4%
From 52-week high -10.4%-14.9%-64.7% -0.9%
52-week high $29.40$12.78$0.68 $779.14
52-week low $16.87$5.77$0.22 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAMPHFENCELTP
P/E now vs peer median 14.6xmedian 17.4x -56.9xmedian 17.4x 4.6xmedian 17.4x
P/S now vs peer median 1.5xmedian 9.1x 7.1xmedian 9.1x 1.8xmedian 9.1x
EV/EBITDA now vs peer median 8.2xmedian 17.1x —median 17.1x 6.1xmedian 17.1x
P/FCF now vs peer median 7.3xmedian 19.0x —median 19.0x 14.8xmedian 19.0x
P/B now vs peer median 1.5xmedian 2.2x 9.0xmedian 2.2x 2.5xmedian 2.2x
PEG now vs peer median -5.72median 0.34 -1.33median 0.34 0.04median 0.34

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAMPHFENCELTP
Revenue $730.02M $53.77M $141.01M
Gross profit $348.11M $49.65M $61.31M
Operating income $114.29M -$3.74M $34.94M
Net income $78.55M -$6.60M $56.67M
Free cash flow $152.89M – $17.53M
R&D $94.57M $274.00K $6.10M
EPS (diluted) $1.78 $-0.18 $0.05
Cash & equivalents $223.61M $41.25M $39.42M
Total debt $612.05M – $9.58M
Shares (diluted) 44.23M 36.43M 1.13B
Enterprise value $33.80M $256.47M $129.44M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAMPHFENCELTP
P/E 14.6x -56.9x 4.6x
P/FCF 7.3x – 14.8x
P/Operating cash flow 6.1x – 13.6x
P/S 1.5x 7.1x 1.8x
P/B 1.5x 9.0x 2.5x
P/Tangible book 1.5x 9.0x 2.6x
EV/EBITDA 8.2x – 6.1x
EV/EBIT 12.6x -90.8x 6.3x
EV/Revenue 2.0x 6.3x 1.6x
EV/FCF 9.4x – 12.6x
EV/Operating cash flow 7.8x – 11.6x
PEG (3Y EPS CAGR) -5.72 -1.33 0.04

Growth

14 metrics
MetricAMPHFENCELTP
Revenue growth (1Y) 1.0% 61.4% 33.7%
Revenue CAGR (3Y) 10.5% 118.1% 58.4%
Gross profit growth (1Y) -3.4% 65.9% 4.2%
Gross profit CAGR (3Y) 8.0% – 53.5%
Operating income growth (1Y) -37.1% 61.4% -6.7%
Operating income CAGR (3Y) -4.5% 46.2% 101.7%
Net income growth (1Y) -41.7% 45.1% 624.0%
Net income CAGR (3Y) -8.3% 37.0% 134.4%
EPS growth (1Y) -36.5% 58.3% 596.0%
EPS CAGR (3Y) -2.6% 42.6% 118.3%
Operating cash flow growth (1Y) 15.6% – -0.2%
Operating cash flow CAGR (3Y) 12.1% – 152.2%
Free cash flow growth (1Y) 36.3% – -2.8%
Free cash flow CAGR (3Y) 15.0% – 81.0%

Profitability

14 metrics
MetricAMPHFENCELTP
Gross margin 47.7% 92.4% 43.5%
EBITDA margin 23.9% – 25.9%
Operating margin 15.7% -7.0% 24.8%
Pretax margin 14.0% -8.2% 46.2%
Net margin 10.8% -12.3% 40.2%
FCF margin 20.9% – 12.4%
Operating cash flow margin 25.3% – 13.5%
Return on equity 10.2% -11.4% 55.6%
Return on assets 4.6% -6.1% 40.8%
Return on invested capital 6.4% – 29.2%
Return on capital employed 8.0% -6.2% 32.2%
Asset turnover 0.4x 0.7x 1.0x
Cash conversion (OCF / net income) 2.4x – 0.3x
Stock comp / revenue 4.0% 14.8% 0.1%

Financial Health

11 metrics
MetricAMPHFENCELTP
Debt / assets 35.1% – 1.7%
Debt / equity 0.8x – 0.0x
Net debt / EBITDA 1.8x – -1.0x
Debt / FCF 4.0x – 0.1x
Liabilities / assets 55.9% 44.0% 24.9%
Equity / assets 44.1% 56.0% 75.1%
Interest coverage 4.4x -2.5x 69.4x
Current ratio 2.4x 5.8x 3.8x
Quick ratio 1.7x 5.2x 3.0x
Cash ratio 1.1x 3.3x 1.3x
Altman Z-score 2.14 4.16 6.31

Shareholder Returns

7 metrics
MetricAMPHFENCELTP
Dividend yield – – –
Net buyback yield 8.7% – -0.1%
Shareholder yield 8.7% – -0.1%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAMPHFENCELTP
Forward P/E 8.5xFY2026 37.5xFY2026 –
EPS, next fiscal year $3.09FY2026 $0.29FY2026 –
EPS growth, next FY -4.9%FY2026 – –
EPS growth, the year after +9.4% +241.4% –
Revenue, next fiscal year $790.23MFY2026 $75.58MFY2026 –
Revenue growth, next FY +9.8%FY2026 +69.3%FY2026 –
Revenue growth, the year after -5.4% +28.3% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAMPHFENCELTP
Held by institutions 64.8% 46.6% 0.0%
Institutions holding 209 107 1
Change in shares held, QoQ -11.7% +0.7% –
Institutions buying 96 71 1
Institutions selling 74 19 0
Buyers to sellers 1.30 3.74 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AMPHFENCELTP
AMPH 1.00 0.09 -0.04
FENC 0.09 1.00 -0.02
ELTP -0.04 -0.02 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, AMPH, FENC and ELTP?

Amphastar Pharmaceuticals (AMPH) is the largest by market capitalisation: Amphastar Pharmaceuticals (AMPH) $1.17B, Fennec Pharmaceuticals (FENC) $375.16M, Elite Pharmaceuticals (ELTP) $247.76M.

Which stock is cheaper, AMPH, FENC and ELTP?

Elite Pharmaceuticals (ELTP) trades on the lowest price-to-earnings ratio (Amphastar Pharmaceuticals (AMPH) 15.0x, Fennec Pharmaceuticals (FENC) -56.8x, Elite Pharmaceuticals (ELTP) 4.4x). On next year's consensus earnings, Amphastar Pharmaceuticals (AMPH) is cheapest (Amphastar Pharmaceuticals (AMPH) 8.5x, Fennec Pharmaceuticals (FENC) 37.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Fennec Pharmaceuticals (FENC) grew revenue fastest over the trailing twelve months: Amphastar Pharmaceuticals (AMPH) +1.0%, Fennec Pharmaceuticals (FENC) +61.4%, Elite Pharmaceuticals (ELTP) +33.7%.

Which company is more profitable?

Elite Pharmaceuticals (ELTP) has the highest net margin (Amphastar Pharmaceuticals (AMPH) 10.8%, Fennec Pharmaceuticals (FENC) -12.3%, Elite Pharmaceuticals (ELTP) 40.2%). On return on invested capital, Elite Pharmaceuticals (ELTP) leads (Amphastar Pharmaceuticals (AMPH) 6.4%, Elite Pharmaceuticals (ELTP) 29.2%).

Which stock has performed better?

Over the past year Fennec Pharmaceuticals (FENC) returned the most: Amphastar Pharmaceuticals (AMPH) +8.9%, Fennec Pharmaceuticals (FENC) +24.1%, Elite Pharmaceuticals (ELTP) -60.7%. Over five years, Elite Pharmaceuticals (ELTP) compounded fastest (Amphastar Pharmaceuticals (AMPH) +7.1%/yr, Fennec Pharmaceuticals (FENC) +3.3%/yr, Elite Pharmaceuticals (ELTP) +43.1%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Amphastar Pharmaceuticals (AMPH) has been the steadiest (Amphastar Pharmaceuticals (AMPH) 54.3%, Fennec Pharmaceuticals (FENC) 64.1%, Elite Pharmaceuticals (ELTP) 57.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AMPH, FENC and ELTP?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Elite Pharmaceuticals (ELTP) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.