Analyzing IDEXX Laboratories (IDXX) & Its Peers

IDEXX Laboratories (NASDAQ: IDXX) is one of 24 public companies in the “Diagnostic substances” industry, but how does it weigh in compared to its competitors? We will compare IDEXX Laboratories to similar businesses based on the strength of its earnings, risk, analyst recommendations, dividends, institutional ownership, profitability and valuation.

Risk and Volatility

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IDEXX Laboratories has a beta of 0.59, suggesting that its stock price is 41% less volatile than the S&P 500. Comparatively, IDEXX Laboratories’ competitors have a beta of 1.44, suggesting that their average stock price is 44% more volatile than the S&P 500.

Profitability

This table compares IDEXX Laboratories and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
IDEXX Laboratories 13.36% -432.19% 17.19%
IDEXX Laboratories Competitors -885.83% -65.54% -25.27%

Insider & Institutional Ownership

87.4% of IDEXX Laboratories shares are held by institutional investors. Comparatively, 53.1% of shares of all “Diagnostic substances” companies are held by institutional investors. 2.6% of IDEXX Laboratories shares are held by company insiders. Comparatively, 13.2% of shares of all “Diagnostic substances” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Analyst Recommendations

This is a breakdown of recent ratings and recommmendations for IDEXX Laboratories and its competitors, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
IDEXX Laboratories 1 0 5 0 2.67
IDEXX Laboratories Competitors 101 367 567 19 2.48

IDEXX Laboratories presently has a consensus target price of $190.67, suggesting a potential upside of 0.56%. As a group, “Diagnostic substances” companies have a potential upside of 22.78%. Given IDEXX Laboratories’ competitors higher possible upside, analysts clearly believe IDEXX Laboratories has less favorable growth aspects than its competitors.

Valuation and Earnings

This table compares IDEXX Laboratories and its competitors revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
IDEXX Laboratories $1.97 billion $263.14 million 57.80
IDEXX Laboratories Competitors $308.35 million $13.85 million -40.82

IDEXX Laboratories has higher revenue and earnings than its competitors. IDEXX Laboratories is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Summary

IDEXX Laboratories beats its competitors on 8 of the 13 factors compared.

IDEXX Laboratories Company Profile

IDEXX Laboratories, Inc., together with its subsidiaries, develops, manufactures, and distributes products and services primarily for the companion animal veterinary, livestock and poultry, dairy, and water testing markets worldwide. It operates through Companion Animal Group; Water Quality Products; Livestock, Poultry and Dairy; and Other segments. The company provides point-of-care veterinary diagnostic products, including instruments, consumables, and rapid assay test kits; veterinary reference laboratory diagnostic and consulting services; practice management and diagnostic imaging systems and services for veterinarians; and biological materials testing, and laboratory animal diagnostic instruments and services for biomedical research community. It also offers diagnostic and health-monitoring products for livestock, poultry, and dairy markets; products that test water for various microbiological contaminants; and point-of-care electrolytes and blood gas analyzers that are used in the human point-of-care medical diagnostics market. The company markets its products through marketing, customer service, sales, and technical service groups, as well as through independent distributors and other resellers. IDEXX Laboratories, Inc. was founded in 1983 and is headquartered in Westbrook, Maine.

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