FENC vs VTRS vs ELTP Stock Comparison

Fennec Pharmaceuticals, Viatris and Elite Pharmaceuticals Prices as of Oct 26, 2026 Peers: Industry group
VTRS Viatris Inc
$18.29 +2.6% 1M +76.7% 1Y
Market cap
$21.22B
P/E
–
Revenue (TTM)
$14.74B
Div. yield
–
Generic Drugs Healthcare
4 wins

Head to Head

10 decided of 12

Elite Pharmaceuticals leads on 5 of the 12 questions below (Elite Pharmaceuticals 5, Viatris 4, Fennec Pharmaceuticals 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFENCVTRSELTPLeader
Larger companyMarket capitalisation $351.67M $21.22B $258.51M VTRS
Cheaper on earningsLower P/E, profitable companies only -53.3x -51.7x 4.6x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 35.0x 7.0x — VTRS
Faster revenue growthRevenue growth, trailing twelve months +61.4% +4.4% +33.7% FENC
More profitableNet margin, trailing twelve months -12.3% -2.8% 40.2% ELTP
Better return on capitalReturn on invested capital — -0.2% 29.2% ELTP
Less leveragedLower net debt / EBITDA — 4.6x -1.0x ELTP
Higher dividend yieldTrailing dividend yield 0.00% 0.00% — –
Better 1-year returnPrice return, last 12 months +12.9% +76.7% -61.9% VTRS
Better 5-year returnAnnualised price return, 5 years +2.3%/yr +6.9%/yr +43.1%/yr ELTP
Less volatileAnnualised volatility, 1 year 64.1% 32.4% 57.5% VTRS
Higher overall scoreMean of the five percentile scores vs peers 73/100 66/100 88/100 ELTP

Percentile Scorecard

FENCVTRSELTP

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

AxisFENCVTRSELTP
Valuation 59 #255 of 626 93 #42 of 626 98 #16 of 626
Growth 93 #43 of 604 47 #318 of 604 91 #53 of 604
Profitability 84 #88 of 555 81 #106 of 555 91 #51 of 555
Financial Health 57 #285 of 658 23 #510 of 658 76 #157 of 658
Shareholder Returns – 87 #49 of 368 86 #53 of 368
Overall 73 66 88
  • FENC ranked among 673 companies in Pharmaceuticals and Biotechnology
  • VTRS ranked among 673 companies in Pharmaceuticals and Biotechnology
  • ELTP ranked among 673 companies in Pharmaceuticals and Biotechnology

Price Performance

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

Returns

PeriodFENCVTRSELTPSPY
1 month -4.2%+2.6%-7.7% -0.8%
3 months -0.6%+3.7%-36.8% +3.5%
6 months +48.2%+23.5%-31.4% +7.0%
Year to date +31.8%+46.9%-51.0% +12.2%
1 year +12.9%+76.7%-61.9% +13.0%
3 years +48.4%+108.6%+100.0% +86.3%
3 years, per year +14.1%+27.8%+26.0% +23.1%
5 years +12.2%+39.6%+500.0% +68.6%
5 years, per year +2.3%+6.9%+43.1% +11.0%
10 years +415.2%-52.0%+50.0% +258.0%
10 years, per year +17.8%-7.1%+4.1% +13.6%

Risk

MeasureFENCVTRSELTPSPY
Volatility, 1Y 64.1%32.4%57.5% 12.7%
Downside volatility, 1Y 59.6%29.6%71.6% 12.7%
Beta vs S&P 500, 1Y 1.320.700.69 1.00
Return / volatility, 1Y 0.202.37-1.08 1.02
Max drawdown, 5Y -65.6%-52.9%-71.4% -25.4%
From 52-week high -20.6%-2.0%-64.7% -1.8%
52-week high $12.78$18.66$0.68 $779.14
52-week low $5.77$10.11$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.

MultipleFENCVTRSELTP
P/E now vs peer median -53.1xmedian 17.1x -51.8xmedian 17.1x 4.6xmedian 17.1x
P/S now vs peer median 6.6xmedian 8.8x 1.4xmedian 8.8x 1.8xmedian 8.8x
EV/EBITDA now vs peer median —median 17.1x 12.3xmedian 17.1x 6.1xmedian 17.1x
P/FCF now vs peer median —median 18.0x 10.7xmedian 18.0x 14.8xmedian 18.0x
P/B now vs peer median 8.4xmedian 2.1x 1.5xmedian 2.1x 2.5xmedian 2.1x
PEG now vs peer median -1.25median 0.31 1.69median 0.31 0.04median 0.31

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 monthsFENCVTRSELTP
Revenue $53.77M $14.74B $141.01M
Gross profit $49.65M $5.13B $61.31M
Operating income -$3.74M -$87.30M $34.94M
Net income -$6.60M -$410.70M $56.67M
Free cash flow – $1.95B $17.53M
R&D $274.00K $1.02B $6.10M
EPS (diluted) $-0.18 $-0.35 $0.05
Cash & equivalents $41.25M $886.50M $39.42M
Total debt – $13.35B $9.58M
Shares (diluted) 36.43M 1.16B 1.13B
Enterprise value $232.98M $16.23B $140.18M

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
MetricFENCVTRSELTP
P/E -53.1x -51.8x 4.6x
P/FCF – 10.7x 14.8x
P/Operating cash flow – 9.0x 13.6x
P/S 6.6x 1.4x 1.8x
P/B 8.4x 1.5x 2.5x
P/Tangible book 8.4x 36.0x 2.6x
EV/EBITDA – 12.3x 6.1x
EV/EBIT -84.1x -383.4x 6.3x
EV/Revenue 5.8x 2.3x 1.6x
EV/FCF – 17.1x 12.6x
EV/Operating cash flow – 14.4x 11.6x
PEG (3Y EPS CAGR) -1.25 1.69 0.04

Growth

14 metrics
MetricFENCVTRSELTP
Revenue growth (1Y) 61.4% 4.4% 33.7%
Revenue CAGR (3Y) 118.1% -1.9% 58.4%
Gross profit growth (1Y) 65.9% -0.7% 4.2%
Gross profit CAGR (3Y) – -6.0% 53.5%
Operating income growth (1Y) 61.4% 96.6% -6.7%
Operating income CAGR (3Y) 46.2% -27.6% 101.7%
Net income growth (1Y) 45.1% 88.2% 624.0%
Net income CAGR (3Y) 37.0% -30.5% 134.4%
EPS growth (1Y) 58.3% 88.1% 596.0%
EPS CAGR (3Y) 42.6% -30.6% 118.3%
Operating cash flow growth (1Y) – 12.9% -0.2%
Operating cash flow CAGR (3Y) – -3.0% 152.2%
Free cash flow growth (1Y) – 11.6% -2.8%
Free cash flow CAGR (3Y) – -3.6% 81.0%

Profitability

14 metrics
MetricFENCVTRSELTP
Gross margin 92.4% 34.8% 43.5%
EBITDA margin – 18.4% 25.9%
Operating margin -7.0% -0.6% 24.8%
Pretax margin -8.2% -4.5% 46.2%
Net margin -12.3% -2.8% 40.2%
FCF margin – 13.3% 12.4%
Operating cash flow margin – 15.8% 13.5%
Return on equity -11.4% -2.8% 55.6%
Return on assets -6.1% -1.1% 40.8%
Return on invested capital – -0.2% 29.2%
Return on capital employed -6.2% -0.3% 32.2%
Asset turnover 0.7x 0.4x 1.0x
Cash conversion (OCF / net income) – -5.7x 0.3x
Stock comp / revenue 14.8% 1.2% 0.1%

Financial Health

11 metrics
MetricFENCVTRSELTP
Debt / assets – 38.1% 1.7%
Debt / equity – 0.9x 0.0x
Net debt / EBITDA – 4.6x -1.0x
Debt / FCF – 6.8x 0.1x
Liabilities / assets 44.0% 59.3% 24.9%
Equity / assets 56.0% 40.7% 75.1%
Interest coverage -2.5x -0.2x 69.4x
Current ratio 5.8x 1.6x 3.8x
Quick ratio 5.2x 0.7x 3.0x
Cash ratio 3.3x 0.1x 1.3x
Altman Z-score 3.70 1.13 6.31

Shareholder Returns

7 metrics
MetricFENCVTRSELTP
Dividend yield – 2.6% –
Net buyback yield – 1.4% -0.1%
Shareholder yield – 4.1% -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.

ConsensusFENCVTRSELTP
Forward P/E 35.0xFY2026 7.0xFY2026 –
EPS, next fiscal year $0.29FY2026 $2.62FY2026 –
EPS growth, next FY – +11.5%FY2026 –
EPS growth, the year after +241.4% -1.9% –
Revenue, next fiscal year $75.58MFY2026 $15.31BFY2026 –
Revenue growth, next FY +69.3%FY2026 +7.0%FY2026 –
Revenue growth, the year after +28.3% -5.4% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFENCVTRSELTP
Held by institutions 46.6% 89.9% 0.0%
Institutions holding 107 1,028 1
Change in shares held, QoQ +0.7% +5.6% –
Institutions buying 71 486 1
Institutions selling 19 318 0
Buyers to sellers 3.74 1.53 –

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.

FENCVTRSELTP
FENC 1.00 0.14 -0.02
VTRS 0.14 1.00 -0.06
ELTP -0.02 -0.06 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FENC, VTRS and ELTP?

Viatris (VTRS) is the largest by market capitalisation: Fennec Pharmaceuticals (FENC) $351.67M, Viatris (VTRS) $21.22B, Elite Pharmaceuticals (ELTP) $258.51M.

Which company is growing faster?

Fennec Pharmaceuticals (FENC) grew revenue fastest over the trailing twelve months: Fennec Pharmaceuticals (FENC) +61.4%, Viatris (VTRS) +4.4%, Elite Pharmaceuticals (ELTP) +33.7%.

Which company is more profitable?

Elite Pharmaceuticals (ELTP) has the highest net margin (Fennec Pharmaceuticals (FENC) -12.3%, Viatris (VTRS) -2.8%, Elite Pharmaceuticals (ELTP) 40.2%). On return on invested capital, Elite Pharmaceuticals (ELTP) leads (Viatris (VTRS) -0.2%, Elite Pharmaceuticals (ELTP) 29.2%).

Which stock has performed better?

Over the past year Viatris (VTRS) returned the most: Fennec Pharmaceuticals (FENC) +12.9%, Viatris (VTRS) +76.7%, Elite Pharmaceuticals (ELTP) -61.9%. Over five years, Elite Pharmaceuticals (ELTP) compounded fastest (Fennec Pharmaceuticals (FENC) +2.3%/yr, Viatris (VTRS) +6.9%/yr, Elite Pharmaceuticals (ELTP) +43.1%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Viatris (VTRS) has been the steadiest (Fennec Pharmaceuticals (FENC) 64.1%, Viatris (VTRS) 32.4%, Elite Pharmaceuticals (ELTP) 57.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FENC, VTRS 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 5. 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.