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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 2.82
CVD's Cash to Debt is ranked higher than
72% of the 257 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 2.73 vs. CVD: 2.82 )
CVD' s 10-Year Cash to Debt Range
Min: 0.03   Max: No Debt
Current: 2.82

Equity to Asset 0.65
CVD's Equity to Asset is ranked higher than
74% of the 244 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.64 vs. CVD: 0.65 )
CVD' s 10-Year Equity to Asset Range
Min: 0.26   Max: 0.75
Current: 0.65

0.26
0.75
Interest Coverage 32.45
CVD's Interest Coverage is ranked higher than
63% of the 143 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 127.94 vs. CVD: 32.45 )
CVD' s 10-Year Interest Coverage Range
Min: 2.2   Max: 788.72
Current: 32.45

2.2
788.72
F-Score: 5
Z-Score: 6.97
M-Score: -3.02
WACC vs ROIC
7.56%
15.07%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 8.08
CVD's Operating margin (%) is ranked higher than
83% of the 254 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 2.36 vs. CVD: 8.08 )
CVD' s 10-Year Operating margin (%) Range
Min: 2.33   Max: 14.43
Current: 8.08

2.33
14.43
Net-margin (%) 6.67
CVD's Net-margin (%) is ranked higher than
85% of the 254 Companies
in the Global Diagnostics & Research industry.

( Industry Median: -0.22 vs. CVD: 6.67 )
CVD' s 10-Year Net-margin (%) Range
Min: 1.66   Max: 10.78
Current: 6.67

1.66
10.78
ROE (%) 11.24
CVD's ROE (%) is ranked higher than
87% of the 232 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 2.41 vs. CVD: 11.24 )
CVD' s 10-Year ROE (%) Range
Min: 5.07   Max: 29.72
Current: 11.24

5.07
29.72
ROA (%) 7.12
CVD's ROA (%) is ranked higher than
90% of the 259 Companies
in the Global Diagnostics & Research industry.

( Industry Median: -0.94 vs. CVD: 7.12 )
CVD' s 10-Year ROA (%) Range
Min: 2.09   Max: 12.32
Current: 7.12

2.09
12.32
ROC (Joel Greenblatt) (%) 19.04
CVD's ROC (Joel Greenblatt) (%) is ranked higher than
84% of the 258 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 3.02 vs. CVD: 19.04 )
CVD' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 4.6   Max: 66.24
Current: 19.04

4.6
66.24
Revenue Growth (3Y)(%) 13.00
CVD's Revenue Growth (3Y)(%) is ranked higher than
91% of the 191 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 6.00 vs. CVD: 13.00 )
CVD' s 10-Year Revenue Growth (3Y)(%) Range
Min: -1.7   Max: 17.7
Current: 13

-1.7
17.7
EBITDA Growth (3Y)(%) 40.40
CVD's EBITDA Growth (3Y)(%) is ranked higher than
95% of the 174 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 1.90 vs. CVD: 40.40 )
CVD' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -21.9   Max: 40.4
Current: 40.4

-21.9
40.4
EPS Growth (3Y)(%) 43.80
CVD's EPS Growth (3Y)(%) is ranked higher than
96% of the 171 Companies
in the Global Diagnostics & Research industry.

( Industry Median: -1.60 vs. CVD: 43.80 )
CVD' s 10-Year EPS Growth (3Y)(%) Range
Min: -26.9   Max: 64.9
Current: 43.8

-26.9
64.9
» CVD's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2014

CVD Guru Trades in Q1 2014

Jim Simons 189,018 sh (+117.26%)
Joel Greenblatt 12,886 sh (+33.96%)
Chuck Royce 323,000 sh (unchged)
Vanguard Health Care Fund 2,246,400 sh (unchged)
Ron Baron 300,000 sh (unchged)
Steven Cohen Sold Out
James Barrow 725,755 sh (-0.55%)
Paul Tudor Jones 7,300 sh (-95.47%)
» More
Q2 2014

CVD Guru Trades in Q2 2014

Ken Fisher 25,621 sh (New)
Joel Greenblatt 356,011 sh (+2662.77%)
Paul Tudor Jones 15,836 sh (+116.93%)
Vanguard Health Care Fund 2,486,000 sh (+10.67%)
Ron Baron 300,000 sh (unchged)
James Barrow 701,680 sh (-3.32%)
Chuck Royce 293,000 sh (-9.29%)
Jim Simons 169,100 sh (-10.54%)
» More
Q3 2014

CVD Guru Trades in Q3 2014

Ray Dalio 6,437 sh (New)
Steven Cohen 139,500 sh (New)
Joel Greenblatt 650,283 sh (+82.66%)
Ken Fisher 39,027 sh (+52.32%)
Paul Tudor Jones 20,569 sh (+29.89%)
Ron Baron 300,000 sh (unchged)
Vanguard Health Care Fund 2,486,000 sh (unchged)
James Barrow 681,320 sh (-2.9%)
Jim Simons 120,500 sh (-28.74%)
Chuck Royce 146,500 sh (-50%)
» More
Q4 2014

CVD Guru Trades in Q4 2014

Mario Gabelli 81,200 sh (New)
Jean-Marie Eveillard 20,000 sh (New)
Jim Simons 427,900 sh (+255.1%)
Steven Cohen Sold Out
Ron Baron Sold Out
Chuck Royce Sold Out
Vanguard Health Care Fund Sold Out
Ray Dalio Sold Out
James Barrow Sold Out
Ken Fisher Sold Out
Joel Greenblatt 369,865 sh (-43.12%)
Paul Tudor Jones 6,819 sh (-66.85%)
» More
» Details

Insider Trades

Latest Guru Trades with CVD

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Vanguard Health Care Fund 2014-12-31 Sold Out 0.5%$75.29 - $104.27 $ 106.4213%0
Joel Greenblatt 2014-12-31 Reduce -43.12%0.22%$75.29 - $104.27 $ 106.4213%369865
Ron Baron 2014-12-31 Sold Out 0.1%$75.29 - $104.27 $ 106.4213%0
James Barrow 2014-12-31 Sold Out 0.07%$75.29 - $104.27 $ 106.4213%0
Mario Gabelli 2014-12-31 New Buy0.04%$75.29 - $104.27 $ 106.4213%81200
Jean-Marie Eveillard 2014-12-31 New Buy0.01%$75.29 - $104.27 $ 106.4213%20000
Ray Dalio 2014-12-31 Sold Out $75.29 - $104.27 $ 106.4213%0
Ken Fisher 2014-12-31 Sold Out $75.29 - $104.27 $ 106.4213%0
Joel Greenblatt 2014-09-30 Add 82.66%0.23%$80.49 - $88.98 $ 106.4225%650283
Ray Dalio 2014-09-30 New Buy$80.49 - $88.98 $ 106.4225%6437
Ken Fisher 2014-09-30 Add 52.32%$80.49 - $88.98 $ 106.4225%39027
Joel Greenblatt 2014-06-30 Add 2662.77%0.37%$81.55 - $106.04 $ 106.4219%356011
Ken Fisher 2014-06-30 New Buy$81.55 - $106.04 $ 106.4219%25621
Joel Greenblatt 2014-03-31 Add 33.96%0.01%$86.85 - $105.69 $ 106.428%12886
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 34.00
CVD's P/E(ttm) is ranked higher than
87% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. CVD: 34.00 )
CVD' s 10-Year P/E(ttm) Range
Min: 11.14   Max: 63.04
Current: 34

11.14
63.04
Forward P/E 23.20
CVD's Forward P/E is ranked higher than
87% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. CVD: 23.20 )
N/A
PE(NRI) 34.00
CVD's PE(NRI) is ranked higher than
87% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. CVD: 34.00 )
CVD' s 10-Year PE(NRI) Range
Min: 11.15   Max: 63.23
Current: 34

11.15
63.23
P/B 3.65
CVD's P/B is ranked higher than
76% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 5.00 vs. CVD: 3.65 )
CVD' s 10-Year P/B Range
Min: 1.68   Max: 5.52
Current: 3.65

1.68
5.52
P/S 2.27
CVD's P/S is ranked higher than
81% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 4.52 vs. CVD: 2.27 )
CVD' s 10-Year P/S Range
Min: 1.14   Max: 3.81
Current: 2.27

1.14
3.81
PFCF 37.47
CVD's PFCF is ranked higher than
84% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. CVD: 37.47 )
CVD' s 10-Year PFCF Range
Min: 13.3   Max: 1392.29
Current: 37.47

13.3
1392.29
POCF 18.70
CVD's POCF is ranked higher than
87% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. CVD: 18.70 )
CVD' s 10-Year POCF Range
Min: 7.68   Max: 26.49
Current: 18.7

7.68
26.49
EV-to-EBIT 25.53
CVD's EV-to-EBIT is ranked higher than
85% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. CVD: 25.53 )
CVD' s 10-Year EV-to-EBIT Range
Min: 7.7   Max: 97.9
Current: 25.53

7.7
97.9
PEG 15.45
CVD's PEG is ranked higher than
87% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. CVD: 15.45 )
CVD' s 10-Year PEG Range
Min: 0.64   Max: 11.75
Current: 15.45

0.64
11.75
Shiller P/E 43.79
CVD's Shiller P/E is ranked higher than
89% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. CVD: 43.79 )
CVD' s 10-Year Shiller P/E Range
Min: 15.2   Max: 50.75
Current: 43.79

15.2
50.75
Current Ratio 2.79
CVD's Current Ratio is ranked higher than
73% of the 256 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 2.64 vs. CVD: 2.79 )
CVD' s 10-Year Current Ratio Range
Min: 0.78   Max: 2.81
Current: 2.79

0.78
2.81
Quick Ratio 2.70
CVD's Quick Ratio is ranked higher than
76% of the 256 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 2.21 vs. CVD: 2.70 )
CVD' s 10-Year Quick Ratio Range
Min: 0.71   Max: 2.72
Current: 2.7

0.71
2.72
Days Inventory 9.47
CVD's Days Inventory is ranked higher than
95% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 128.32 vs. CVD: 9.47 )
CVD' s 10-Year Days Inventory Range
Min: 9.44   Max: 23.12
Current: 9.47

9.44
23.12
Days Sales Outstanding 44.81
CVD's Days Sales Outstanding is ranked higher than
89% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 81.46 vs. CVD: 44.81 )
CVD' s 10-Year Days Sales Outstanding Range
Min: 45.74   Max: 98.11
Current: 44.81

45.74
98.11

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 9.49
CVD's Price/Net Current Asset Value is ranked higher than
77% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. CVD: 9.49 )
CVD' s 10-Year Price/Net Current Asset Value Range
Min: 6.08   Max: 27.62
Current: 9.49

6.08
27.62
Price/Tangible Book 3.93
CVD's Price/Tangible Book is ranked higher than
83% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 9.30 vs. CVD: 3.93 )
CVD' s 10-Year Price/Tangible Book Range
Min: 2.04   Max: 14.66
Current: 3.93

2.04
14.66
Price/DCF (Projected) 2.10
CVD's Price/DCF (Projected) is ranked higher than
87% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. CVD: 2.10 )
CVD' s 10-Year Price/DCF (Projected) Range
Min: 1.19   Max: 5.69
Current: 2.1

1.19
5.69
Price/Median PS Value 1.18
CVD's Price/Median PS Value is ranked higher than
77% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 1.36 vs. CVD: 1.18 )
CVD' s 10-Year Price/Median PS Value Range
Min: 0.29   Max: 1.78
Current: 1.18

0.29
1.78
Price/Peter Lynch Fair Value 2.39
CVD's Price/Peter Lynch Fair Value is ranked higher than
94% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. CVD: 2.39 )
CVD' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.72   Max: 7.44
Current: 2.39

0.72
7.44
Price/Graham Number 2.42
CVD's Price/Graham Number is ranked higher than
89% of the 283 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. CVD: 2.42 )
CVD' s 10-Year Price/Graham Number Range
Min: 1.04   Max: 4.26
Current: 2.42

1.04
4.26
Earnings Yield (Greenblatt) 3.90
CVD's Earnings Yield (Greenblatt) is ranked higher than
84% of the 256 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.80 vs. CVD: 3.90 )
CVD' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1   Max: 13
Current: 3.9

1
13
Forward Rate of Return (Yacktman) 16.58
CVD's Forward Rate of Return (Yacktman) is ranked higher than
83% of the 108 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 10.60 vs. CVD: 16.58 )
CVD' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -7.8   Max: 20.7
Current: 16.58

-7.8
20.7

Business Description

Industry: Medical Diagnostics & Research » Diagnostics & Research
Compare:LH, ALR, DGX, LIFE, ENZ » details
Traded in other countries:CVD.Germany,
Covance, Inc is a Delaware Corporation, founded in 1987. The Company is a drug development services company providing early-stage and late-stage product development services mainly to the pharmaceutical, biotechnology and medical device industries. It also provides laboratory testing services to the chemical, agrochemical and food industries. Its two reportable segments are early development services, which include discovery support services, preclinical services and clinical pharmacology services; and late-stage development services, which include central laboratory, Phase II-IV clinical development, and market access services. The Company's preclinical services include toxicology services, pharmaceutical chemistry and related services. The Company's preclinical area has been a source of innovation by introducing new technologies for client access to data such as StudyTracker, electronic animal identification, multimedia study reports and animal and test tube measures of induced cell proliferation or reproduction. The Company's preclinical toxicology services include in vivo toxicology studies, which are studies of the effects of drugs in animals, genetic toxicology studies, which include studies of the effects of drugs on chromosomes, as well as on genetically modified mice and other specialized toxicology services. In its pharmaceutical chemistry services, it determines the metabolic profile and bioavailability of drug candidates. It also provides laboratory testing services to the chemical, agricultural chemical and food industries. The Company offers services to agricultural chemical manufacturers to determine the potential risk to humans, animals and the environment from plant protection products such as pesticides. In its nutritional chemistry services, the Company offers a range of services to the food, nutriceutical and animal feed industries, including nutritional analysis and equivalency, nutritional content fact labels, microbiological and chemical contaminant safety analysis, pesticide screening and stability testing. It provides custom polyclonal and monoclonal antibody services for research purposes and purpose-bred animals for biomedical research. The Company provides optimization and translational services including custom immunology and monoclonal antibody services, metabolism studies and pharmacokinetic screening as well as non-GLP toxicology, in vivo pharmacology, imaging services and biomarker services. The Company's bioanalytical testing services helps determine the appropriate dose and frequency of drug application from late discovery evaluation through Phase III clinical testing on a full-scale, globally integrated basis. The Company provides clinical pharmacology services, including first-in-human trials, of new pharmaceuticals at its seven clinics located throughout the United States and its one clinic in Leeds, United Kingdom. The Company offers reimbursement and healthcare economics consulting services
» More Articles for CVD

Headlines

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Covance Inc. Reports Operating Results (10-K) Feb 28 2011 
Covance Inc. (CVD) Executive Vice President & COO Wendel Barr sells 13,000 Shares Dec 21 2010 
Covance Inc. (CVD) Executive Vice President & COO Wendel Barr sells 31,300 Shares Dec 15 2010 
Covance Inc. (CVD) Executive Vice President & COO Wendel Barr sells 19,305 Shares Nov 22 2010 
Weekly Guru Bargains Highlights: SD, CREE, AMLN, ICLR, CVD Nov 07 2010 
Covance Inc. Reports Operating Results (10-Q) Nov 05 2010 

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