ICLR gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 58 industry peers in the Life Sciences Tools & Services industry. ICLR has an average financial health and profitability rating. ICLR has a decent growth rate and is not valued too expensively.

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1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

In the past year ICLR was profitable.
In the past year ICLR had a positive cash flow from operations.
In the past 5 years ICLR has always been profitable.
In the past 5 years ICLR always reported a positive cash flow from operatings.

1.2 Ratios

ICLR has a Return On Assets of 3.63%. This is in the better half of the industry: ICLR outperforms 75.86% of its industry peers.
ICLR's Return On Equity of 6.42% is fine compared to the rest of the industry. ICLR outperforms 75.86% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.74%, ICLR is in the better half of the industry, outperforming 75.86% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for ICLR is significantly below the industry average of 13.31%.
The last Return On Invested Capital (6.74%) for ICLR is above the 3 year average (5.80%), which is a sign of increasing profitability.

		Industry Rank	Sector Rank
ROA	3.63%
ROE	6.42%
ROIC	6.74%

ROA(3y)3.74%

ROA(5y)4.36%

ROE(3y)6.96%

ROE(5y)8.15%

ROIC(3y)5.8%

ROIC(5y)6.92%

1.3 Margins

ICLR has a better Profit Margin (7.40%) than 75.86% of its industry peers.
ICLR's Profit Margin has declined in the last couple of years.
ICLR has a better Operating Margin (13.99%) than 74.14% of its industry peers.
In the last couple of years the Operating Margin of ICLR has remained more or less at the same level.
ICLR's Gross Margin of 28.15% is on the low side compared to the rest of the industry. ICLR is outperformed by 77.59% of its industry peers.
In the last couple of years the Gross Margin of ICLR has remained more or less at the same level.

		Industry Rank	Sector Rank
OM	13.99%
PM (TTM)	7.4%
GM	28.15%

OM growth 3Y9.91%

OM growth 5Y-0.95%

PM growth 3Y50.65%

PM growth 5Y-6.44%

GM growth 3Y2.3%

GM growth 5Y-0.09%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), ICLR is destroying value.
Compared to 1 year ago, ICLR has less shares outstanding
Compared to 5 years ago, ICLR has more shares outstanding
ICLR has a better debt/assets ratio than last year.

2.2 Solvency

ICLR has an Altman-Z score of 2.08. This is not the best score and indicates that ICLR is in the grey zone with still only limited risk for bankruptcy at the moment.
ICLR has a Altman-Z score of 2.08. This is comparable to the rest of the industry: ICLR outperforms 53.45% of its industry peers.
The Debt to FCF ratio of ICLR is 3.53, which is a good value as it means it would take ICLR, 3.53 years of fcf income to pay off all of its debts.
ICLR's Debt to FCF ratio of 3.53 is fine compared to the rest of the industry. ICLR outperforms 79.31% of its industry peers.
A Debt/Equity ratio of 0.31 indicates that ICLR is not too dependend on debt financing.
ICLR has a Debt to Equity ratio (0.31) which is comparable to the rest of the industry.

		Industry Rank	Sector Rank
Debt/Equity	0.31
Debt/FCF	3.53
Altman-Z	2.08

ROIC/WACC0.73

WACC9.23%

2.3 Liquidity

ICLR has a Current Ratio of 1.06. This is a normal value and indicates that ICLR is financially healthy and should not expect problems in meeting its short term obligations.
ICLR has a worse Current ratio (1.06) than 84.48% of its industry peers.
A Quick Ratio of 1.06 indicates that ICLR should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.06, ICLR is not doing good in the industry: 77.59% of the companies in the same industry are doing better.

		Industry Rank	Sector Rank
Current Ratio	1.06
Quick Ratio	1.06

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

The earnings per share for ICLR have decreased by -5.99% in the last year.
ICLR shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.23% yearly.
ICLR shows a decrease in Revenue. In the last year, the revenue decreased by -2.46%.
ICLR shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 24.17% yearly.

EPS 1Y (TTM)-5.99%

EPS 3Y13.76%

EPS 5Y15.23%

EPS Q2Q%-1.19%

Revenue 1Y (TTM)-2.46%

Revenue growth 3Y14.75%

Revenue growth 5Y24.17%

Sales Q2Q%0.63%

3.2 Future

ICLR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.27% yearly.
Based on estimates for the next years, ICLR will show a small growth in Revenue. The Revenue will grow by 2.38% on average per year.

EPS Next Y-4.72%

EPS Next 2Y-1.9%

EPS Next 3Y1.92%

EPS Next 5Y5.27%

Revenue Next Year-2.43%

Revenue Next 2Y-1.08%

Revenue Next 3Y0.75%

Revenue Next 5Y2.38%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 13.67, which indicates a correct valuation of ICLR.
Based on the Price/Earnings ratio, ICLR is valued cheaply inside the industry as 94.83% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 28.32. ICLR is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 13.38, ICLR is valued correctly.
ICLR's Price/Forward Earnings ratio is rather cheap when compared to the industry. ICLR is cheaper than 96.55% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 25.57. ICLR is valued slightly cheaper when compared to this.

		Industry Rank	Sector Rank
PE	13.67
Fwd PE	13.38

4.2 Price Multiples

96.55% of the companies in the same industry are more expensive than ICLR, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, ICLR is valued cheaply inside the industry as 94.83% of the companies are valued more expensively.