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IDEXX LABORATORIES INC (IDXX) Stock Fundamental Analysis

NASDAQ:IDXX - Nasdaq - US45168D1046 - Common Stock - Currency: USD

545.56  -1.45 (-0.27%)

After market: 545.56 0 (0%)

Fundamental Rating

7

Overall IDXX gets a fundamental rating of 7 out of 10. We evaluated IDXX against 187 industry peers in the Health Care Equipment & Supplies industry. IDXX gets an excellent profitability rating and is at the same time showing great financial health properties. IDXX has a correct valuation and a medium growth rate. This makes IDXX very considerable for quality investing!


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

In the past year IDXX was profitable.
IDXX had a positive operating cash flow in the past year.
IDXX had positive earnings in each of the past 5 years.
Each year in the past 5 years IDXX had a positive operating cash flow.
IDXX Yearly Net Income VS EBIT VS OCF VS FCFIDXX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

1.2 Ratios

IDXX has a better Return On Assets (27.85%) than 98.93% of its industry peers.
With an excellent Return On Equity value of 61.81%, IDXX belongs to the best of the industry, outperforming 99.47% of the companies in the same industry.
IDXX has a Return On Invested Capital of 38.16%. This is amongst the best in the industry. IDXX outperforms 100.00% of its industry peers.
IDXX had an Average Return On Invested Capital over the past 3 years of 35.08%. This is significantly above the industry average of 7.89%.
The 3 year average ROIC (35.08%) for IDXX is below the current ROIC(38.16%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 27.85%
ROE 61.81%
ROIC 38.16%
ROA(3y)25.87%
ROA(5y)26.7%
ROE(3y)74.71%
ROE(5y)84.83%
ROIC(3y)35.08%
ROIC(5y)36.07%
IDXX Yearly ROA, ROE, ROICIDXX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -1K -2K -3K

1.3 Margins

IDXX has a Profit Margin of 22.76%. This is amongst the best in the industry. IDXX outperforms 95.19% of its industry peers.
IDXX's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 29.14%, IDXX belongs to the top of the industry, outperforming 97.86% of the companies in the same industry.
In the last couple of years the Operating Margin of IDXX has grown nicely.
With a decent Gross Margin value of 61.28%, IDXX is doing good in the industry, outperforming 62.03% of the companies in the same industry.
IDXX's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 29.14%
PM (TTM) 22.76%
GM 61.28%
OM growth 3Y0.02%
OM growth 5Y4.78%
PM growth 3Y-0.55%
PM growth 5Y5.09%
GM growth 3Y1.27%
GM growth 5Y1.47%
IDXX Yearly Profit, Operating, Gross MarginsIDXX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

8

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so IDXX is creating value.
Compared to 1 year ago, IDXX has less shares outstanding
IDXX has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, IDXX has an improved debt to assets ratio.
IDXX Yearly Shares OutstandingIDXX Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
IDXX Yearly Total Debt VS Total AssetsIDXX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

IDXX has an Altman-Z score of 19.92. This indicates that IDXX is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of IDXX (19.92) is better than 94.12% of its industry peers.
The Debt to FCF ratio of IDXX is 1.12, which is an excellent value as it means it would take IDXX, only 1.12 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 1.12, IDXX belongs to the best of the industry, outperforming 90.91% of the companies in the same industry.
IDXX has a Debt/Equity ratio of 0.53. This is a neutral value indicating IDXX is somewhat dependend on debt financing.
IDXX's Debt to Equity ratio of 0.53 is on the low side compared to the rest of the industry. IDXX is outperformed by 63.10% of its industry peers.
Although IDXX does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 1.12
Altman-Z 19.92
ROIC/WACC4.05
WACC9.41%
IDXX Yearly LT Debt VS Equity VS FCFIDXX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M 1B 1.5B

2.3 Liquidity

A Current Ratio of 1.16 indicates that IDXX should not have too much problems paying its short term obligations.
IDXX has a Current ratio of 1.16. This is amonst the worse of the industry: IDXX underperforms 85.03% of its industry peers.
A Quick Ratio of 0.81 indicates that IDXX may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.81, IDXX is doing worse than 85.56% of the companies in the same industry.
The current and quick ratio evaluation for IDXX is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1.16
Quick Ratio 0.81
IDXX Yearly Current Assets VS Current LiabilitesIDXX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B

5

3. Growth

3.1 Past

IDXX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.36%, which is quite good.
Measured over the past years, IDXX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 18.18% on average per year.
Looking at the last year, IDXX shows a small growth in Revenue. The Revenue has grown by 5.56% in the last year.
Measured over the past years, IDXX shows a quite strong growth in Revenue. The Revenue has been growing by 10.12% on average per year.
EPS 1Y (TTM)10.36%
EPS 3Y9.32%
EPS 5Y18.18%
EPS Q2Q%5.34%
Revenue 1Y (TTM)5.56%
Revenue growth 3Y6.62%
Revenue growth 5Y10.12%
Sales Q2Q%3.56%

3.2 Future

Based on estimates for the next years, IDXX will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.32% on average per year.
IDXX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.00% yearly.
EPS Next Y10.27%
EPS Next 2Y11.24%
EPS Next 3Y11.67%
EPS Next 5Y9.32%
Revenue Next Year6.65%
Revenue Next 2Y7.18%
Revenue Next 3Y7.57%
Revenue Next 5Y7%

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.
IDXX Yearly Revenue VS EstimatesIDXX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B
IDXX Yearly EPS VS EstimatesIDXX Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5 10 15 20

4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 47.86, which means the current valuation is very expensive for IDXX.
Compared to the rest of the industry, the Price/Earnings ratio of IDXX indicates a somewhat cheap valuation: IDXX is cheaper than 69.52% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.29, IDXX is valued quite expensively.
A Price/Forward Earnings ratio of 39.19 indicates a quite expensive valuation of IDXX.
Based on the Price/Forward Earnings ratio, IDXX is valued a bit cheaper than the industry average as 67.91% of the companies are valued more expensively.
IDXX is valuated expensively when we compare the Price/Forward Earnings ratio to 21.74, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 47.86
Fwd PE 39.19
IDXX Price Earnings VS Forward Price EarningsIDXX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, IDXX is valued a bit cheaper than 69.52% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of IDXX indicates a somewhat cheap valuation: IDXX is cheaper than 74.33% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 52.78
EV/EBITDA 34.9
IDXX Per share dataIDXX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of IDXX may justify a higher PE ratio.
PEG (NY)4.66
PEG (5Y)2.63
EPS Next 2Y11.24%
EPS Next 3Y11.67%

0

5. Dividend

5.1 Amount

IDXX does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

IDEXX LABORATORIES INC

NASDAQ:IDXX (7/7/2025, 8:00:02 PM)

After market: 545.56 0 (0%)

545.56

-1.45 (-0.27%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)05-01 2025-05-01/bmo
Earnings (Next)08-04 2025-08-04/bmo
Inst Owners96.45%
Inst Owner Change0%
Ins Owners0.19%
Ins Owner Change2.67%
Market Cap44.21B
Analysts78
Price Target525.89 (-3.61%)
Short Float %3.15%
Short Ratio3.83
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.31%
Min EPS beat(2)1.72%
Max EPS beat(2)6.89%
EPS beat(4)4
Avg EPS beat(4)3.49%
Min EPS beat(4)1.72%
Max EPS beat(4)6.89%
EPS beat(8)8
Avg EPS beat(8)4.39%
EPS beat(12)11
Avg EPS beat(12)3.61%
EPS beat(16)14
Avg EPS beat(16)4.26%
Revenue beat(2)1
Avg Revenue beat(2)-0.93%
Min Revenue beat(2)-1.92%
Max Revenue beat(2)0.06%
Revenue beat(4)1
Avg Revenue beat(4)-1.59%
Min Revenue beat(4)-2.33%
Max Revenue beat(4)0.06%
Revenue beat(8)1
Avg Revenue beat(8)-1.68%
Revenue beat(12)1
Avg Revenue beat(12)-1.55%
Revenue beat(16)3
Avg Revenue beat(16)-1.12%
PT rev (1m)1%
PT rev (3m)0.71%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.83%
EPS NY rev (1m)0.19%
EPS NY rev (3m)1.38%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.56%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)0.48%
Valuation
Industry RankSector Rank
PE 47.86
Fwd PE 39.19
P/S 11.24
P/FCF 52.78
P/OCF 45.66
P/B 30.53
P/tB 47.38
EV/EBITDA 34.9
EPS(TTM)11.4
EY2.09%
EPS(NY)13.92
Fwd EY2.55%
FCF(TTM)10.34
FCFY1.89%
OCF(TTM)11.95
OCFY2.19%
SpS48.52
BVpS17.87
TBVpS11.51
PEG (NY)4.66
PEG (5Y)2.63
Profitability
Industry RankSector Rank
ROA 27.85%
ROE 61.81%
ROCE 55.16%
ROIC 38.16%
ROICexc 40.96%
ROICexgc 53.23%
OM 29.14%
PM (TTM) 22.76%
GM 61.28%
FCFM 21.31%
ROA(3y)25.87%
ROA(5y)26.7%
ROE(3y)74.71%
ROE(5y)84.83%
ROIC(3y)35.08%
ROIC(5y)36.07%
ROICexc(3y)39.8%
ROICexc(5y)41.54%
ROICexgc(3y)51.52%
ROICexgc(5y)54.69%
ROCE(3y)52.73%
ROCE(5y)50.92%
ROICexcg growth 3Y-5.99%
ROICexcg growth 5Y4.29%
ROICexc growth 3Y-3.86%
ROICexc growth 5Y4.07%
OM growth 3Y0.02%
OM growth 5Y4.78%
PM growth 3Y-0.55%
PM growth 5Y5.09%
GM growth 3Y1.27%
GM growth 5Y1.47%
F-Score8
Asset Turnover1.22
Health
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 1.12
Debt/EBITDA 0.6
Cap/Depr 97.45%
Cap/Sales 3.32%
Interest Coverage 250
Cash Conversion 75.65%
Profit Quality 93.6%
Current Ratio 1.16
Quick Ratio 0.81
Altman-Z 19.92
F-Score8
WACC9.41%
ROIC/WACC4.05
Cap/Depr(3y)119.66%
Cap/Depr(5y)117.12%
Cap/Sales(3y)3.91%
Cap/Sales(5y)3.89%
Profit Quality(3y)79.31%
Profit Quality(5y)83.23%
High Growth Momentum
Growth
EPS 1Y (TTM)10.36%
EPS 3Y9.32%
EPS 5Y18.18%
EPS Q2Q%5.34%
EPS Next Y10.27%
EPS Next 2Y11.24%
EPS Next 3Y11.67%
EPS Next 5Y9.32%
Revenue 1Y (TTM)5.56%
Revenue growth 3Y6.62%
Revenue growth 5Y10.12%
Sales Q2Q%3.56%
Revenue Next Year6.65%
Revenue Next 2Y7.18%
Revenue Next 3Y7.57%
Revenue Next 5Y7%
EBIT growth 1Y2.71%
EBIT growth 3Y6.64%
EBIT growth 5Y15.38%
EBIT Next Year29.02%
EBIT Next 3Y15.29%
EBIT Next 5Y11.31%
FCF growth 1Y83.83%
FCF growth 3Y7.86%
FCF growth 5Y21.29%
OCF growth 1Y58.18%
OCF growth 3Y7.13%
OCF growth 5Y15.13%