Idexx Laboratories Inc

  • Health Care
  • Biotechnology: In Vitro & In Vivo Diagnostic Substances
  • www.idexx.com
  • Earnings Score
  • Moat Score
  • Safety Score
  • Final Score
  • Market Cap $36.95B
  • PE 42
  • Debt $785.59M
  • Cash $288.27M
  • EV $37.45B
  • FCF $808.08M

Earnings

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Sales & Net Margins

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Earnings$887.87M
EBIT$1.13B
ROE56%
ROA34%
FCF$808.08M
Equity$1.60B
Growth Stability100%
PE41.61
PEG3.19
PB23.16
P/FCF45.72
P/S9.48
Price/Cash0.01
Debt/Equity0.49
Debt/FCF0.97
Net Margins23%
Gross Margins61%
Op. Margins29%
Earnings CAGR20%
Sales Growth YoY6%
Sales Growth QoQ-2%
Sales CAGR11%
FCF CAGR17%
Equity CAGR43%
Earnings Stability0.95
Earnings Growth YoY11%
Earnings Growth QoQ-7%
Earnings CAGR 5Y13%
Sales CAGR 5Y10%
FCF CAGR 5Y14%
Equity CAGR 5Y47%
Earnings CAGR 3Y7%
Sales CAGR 3Y7%
FCF CAGR 3Y29%
Equity CAGR 3Y66%
Market Cap$36.95B
Revenue$3.90B
Assets$3.29B
Total Debt$785.59M
Cash$288.27M
Shares Outstanding81.6M
EV37.45B
Earnings Score95%
Moat Score98%
Safety Score95%
Final Score96%
Working Capital331.98M
Current Ratio1.31
Gross Profit$2.38B
Shares Growth 3y-1%
Equity Growth QoQ-1%
Equity Growth YoY7%

Assets & ROA

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Stockholders Equity & ROE

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Idexx Laboratories primarily develops, manufactures, and distributes diagnostic products, equipment, and services for pets and livestock. Its key product lines include single-use canine and feline test kits that veterinarians can employ in the office, benchtop chemistry and hematology analyzers for test-panel analysis on-site, reference lab services, and tests to detect and manage disease in livestock. The firm also offers vet practice management software and consulting services to animal hospitals. Idexx gets about 38% of its revenue from outside the United States.

SEC Filings

Direct access to Idexx Laboratories Inc (IDXX) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2023
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2022
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31

Sector Comparison

How does Idexx Laboratories Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Idexx Laboratories Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 20%
Stability 95%
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Idexx Laboratories Inc Discounted Cash Flow

Fully customizable DCF calculator online for Idexx Laboratories Inc .

= $26B
012345678910TV
fcf$808M$944M$1.1B$1.3B$1.5B$1.8B$2B$2.4B$2.8B$3.3B$3.8B$38B
DCF$858M$910M$966M$1B$1.1B$1.2B$1.2B$1.3B$1.4B$1.5B$15B
Value$26B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Net Margins12%13%13%17%18%21%23%20%23%23%23%
ROA-23%24%32%30%30%38%33%34%34%34%
ROE--205%-489%-4K%241%92%108%112%57%56%56%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Debt over FCF-2.22.032.122.31.771.462.1410.970.97
Debt over Equity-7.11-5.49-11.27-65.183.931.521.341.390.520.490.49
Growth Stability---100%100%100%100%100%100%100%100%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024CAGR 5Y
Revenue YoY growth-11%11%12%9%12%19%5%9%6%10%
Earnings YoY growth-16%19%43%13%36%28%-9%24%5%13%
Equity YoY growth-29%-50%-83%-2K%256%9%-12%144%7%47%
FCF YoY growth-102%11%-5%7%78%18%-38%96%5%14%