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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 0.29
IDXX's Cash to Debt is ranked lower than
80% of the 197 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 3.06 vs. IDXX: 0.29 )
Ranked among companies with meaningful Cash to Debt only.
IDXX' s Cash to Debt Range Over the Past 10 Years
Min: 0.31  Med: 9.33 Max: No Debt
Current: 0.29
Equity to Asset -0.06
IDXX's Equity to Asset is ranked lower than
92% of the 183 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.61 vs. IDXX: -0.06 )
Ranked among companies with meaningful Equity to Asset only.
IDXX' s Equity to Asset Range Over the Past 10 Years
Min: -0.03  Med: 0.75 Max: 0.89
Current: -0.06
-0.03
0.89
Interest Coverage 11.23
IDXX's Interest Coverage is ranked lower than
70% of the 93 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 166.12 vs. IDXX: 11.23 )
Ranked among companies with meaningful Interest Coverage only.
IDXX' s Interest Coverage Range Over the Past 10 Years
Min: 16.87  Med: 67.42 Max: 1201.36
Current: 11.23
16.87
1201.36
F-Score: 3
Z-Score: 4.45
M-Score: -2.42
WACC vs ROIC
3.82%
28.40%
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 : 8/10

vs
industry
vs
history
Operating margin (%) 18.72
IDXX's Operating margin (%) is ranked higher than
90% of the 187 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.66 vs. IDXX: 18.72 )
Ranked among companies with meaningful Operating margin (%) only.
IDXX' s Operating margin (%) Range Over the Past 10 Years
Min: 14.76  Med: 17.80 Max: 20.3
Current: 18.72
14.76
20.3
Net-margin (%) 11.99
IDXX's Net-margin (%) is ranked higher than
86% of the 187 Companies
in the Global Diagnostics & Research industry.

( Industry Median: -2.98 vs. IDXX: 11.99 )
Ranked among companies with meaningful Net-margin (%) only.
IDXX' s Net-margin (%) Range Over the Past 10 Years
Min: 10.19  Med: 12.47 Max: 13.78
Current: 11.99
10.19
13.78
ROE (%) 2596.42
IDXX's ROE (%) is ranked higher than
99% of the 180 Companies
in the Global Diagnostics & Research industry.

( Industry Median: -6.39 vs. IDXX: 2596.42 )
Ranked among companies with meaningful ROE (%) only.
IDXX' s ROE (%) Range Over the Past 10 Years
Min: 20.41  Med: 26.23 Max: 57.23
Current: 2596.42
20.41
57.23
ROA (%) 13.26
IDXX's ROA (%) is ranked higher than
93% of the 197 Companies
in the Global Diagnostics & Research industry.

( Industry Median: -4.60 vs. IDXX: 13.26 )
Ranked among companies with meaningful ROA (%) only.
IDXX' s ROA (%) Range Over the Past 10 Years
Min: 13.91  Med: 15.96 Max: 17.84
Current: 13.26
13.91
17.84
ROC (Joel Greenblatt) (%) 58.00
IDXX's ROC (Joel Greenblatt) (%) is ranked higher than
88% of the 194 Companies
in the Global Diagnostics & Research industry.

( Industry Median: -3.03 vs. IDXX: 58.00 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
IDXX' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 53.83  Med: 64.80 Max: 93.18
Current: 58
53.83
93.18
Revenue Growth (3Y)(%) 11.80
IDXX's Revenue Growth (3Y)(%) is ranked higher than
72% of the 118 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 5.70 vs. IDXX: 11.80 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
IDXX' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: 8.4  Med: 11.20 Max: 23.1
Current: 11.8
8.4
23.1
EBITDA Growth (3Y)(%) 8.70
IDXX's EBITDA Growth (3Y)(%) is ranked higher than
63% of the 99 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 2.90 vs. IDXX: 8.70 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
IDXX' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: 2.6  Med: 15.10 Max: 92.6
Current: 8.7
2.6
92.6
EPS Growth (3Y)(%) 8.80
IDXX's EPS Growth (3Y)(%) is ranked higher than
61% of the 110 Companies
in the Global Diagnostics & Research industry.

( Industry Median: -1.10 vs. IDXX: 8.80 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
IDXX' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -0.5  Med: 16.25 Max: 26.2
Current: 8.8
-0.5
26.2
» IDXX's 10-Y Financials

Financials


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

» Details

Guru Trades

Q4 2014

IDXX Guru Trades in Q4 2014

John Hussman 36,300 sh (New)
Jim Simons 318,752 sh (+9.14%)
Chris Davis 351,787 sh (+8.75%)
RS Investment Management 201,600 sh (+4.72%)
Joel Greenblatt Sold Out
Ray Dalio Sold Out
Ron Baron 3,623,004 sh (-1.30%)
Chuck Royce 994,811 sh (-13.27%)
Ruane Cunniff 4,448,407 sh (-14.41%)
Jeremy Grantham 41,800 sh (-17.07%)
Mairs and Power 2,199 sh (-31.26%)
Paul Tudor Jones 2,200 sh (-79.13%)
» More
Q1 2015

IDXX Guru Trades in Q1 2015

Steven Cohen 2,000 sh (New)
Chris Davis 355,648 sh (+1.10%)
Mairs and Power 2,199 sh (unchged)
Paul Tudor Jones Sold Out
Ron Baron 3,614,135 sh (-0.24%)
Chuck Royce 957,011 sh (-3.80%)
Ruane Cunniff 4,078,152 sh (-8.32%)
Jim Simons 291,952 sh (-8.41%)
RS Investment Management 171,342 sh (-15.01%)
John Hussman 29,000 sh (-20.11%)
Jeremy Grantham 29,400 sh (-29.67%)
» More
Q2 2015

IDXX Guru Trades in Q2 2015

George Soros 17,974 sh (New)
Ray Dalio 4,226 sh (New)
Paul Tudor Jones 10,730 sh (New)
Chris Davis 733,629 sh (+106.28%)
Jeremy Grantham 58,800 sh (+100.00%)
Ron Baron 7,171,279 sh (+98.42%)
Ruane Cunniff 8,083,238 sh (+98.21%)
Mairs and Power 3,998 sh (+81.81%)
Chuck Royce 1,616,622 sh (+68.92%)
Steven Cohen Sold Out
John Hussman Sold Out
RS Investment Management 329,044 sh (-3.98%)
Jim Simons 254,804 sh (-12.72%)
» More
Q3 2015

IDXX Guru Trades in Q3 2015

Ray Dalio 7,826 sh (+85.19%)
RS Investment Management 370,574 sh (+12.62%)
Chuck Royce 1,770,922 sh (+9.54%)
Ruane Cunniff 8,167,274 sh (+1.04%)
Mairs and Power 3,998 sh (unchged)
Jeremy Grantham Sold Out
Paul Tudor Jones 10,711 sh (-0.18%)
Ron Baron 7,061,667 sh (-1.53%)
Chris Davis 623,573 sh (-15.00%)
George Soros 6,800 sh (-62.17%)
Jim Simons 33,100 sh (-87.01%)
» More
» Details

Insider Trades

Latest Guru Trades with IDXX

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Guru Investment Theses on IDEXX Laboratories Inc

Baron Funds Comments on IDEXX Laboratories Inc. - Jan 14, 2016

Top 10 holding IDEXX Laboratories, Inc. (NASDAQ:IDXX) is a leader in veterinary diagnostics. The company is benefiting from secular growth spending on pets, driven by favorable demographics, increased use of diagnostics, and an increasing focus on preventative care. It has had much success placing its proprietary testing instrument in clinics, and has a deep pipeline of tests and products. Its razor/razorblade model results in high retention rates and incremental margins. IDEXX is transitioning to all-direct distribution, which we expect will further enhance margins and future growth.



From the Baron Funds Small Cap Fund winter newsletter 2016.



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Baron Funds Comments on IDEXX Laboratories - Nov 04, 2015

Shares of veterinary diagnostics manufacturer IDEXX Laboratories, Inc. (NASDAQ:IDXX) contributed to the third quarter performance. The company reported strong second quarter results that demonstrated share gains in instruments and reference labs, and assuaged concerns regarding its competitive position in rapid assays. Catalyst placements grew 44% in the quarter, driven by the launch of CatalystOne in the U.S. and Europe. Premium hematology placements grew 30% in the third quarter, a meaningful increase from 14% in the second quarter. Reference lab results were also strong, growing 12.1% in the third quarter. (Neal Rosenberg)



From Baron Funds' Baron Partners Fund shareholder letter for Q3 2015.



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Sequoia Fund Comments on Idexx - Aug 28, 2015

Arman Kline:



The company had a wonderful 2014. It made a big decision to go to direct distribution. Historically, Idexx (NASDAQ:IDXX) distributed the consumables for its instruments and its rapid assay tests for companion animals through a network of distributors in the US. Overseas it was a little bit more direct. It made a decision to go direct here, and the reason it made that decision is that it felt as the market leader with a dominant market share introducing new technology, new products, it needed a sales force that could encourage the adoption of those products more than it needed the help of distributors to penetrate the market. We think that management made the right decision.



Earlier this year, you may have noticed in the first quarter, Idexx had a little bit of a hiccup as a result of that move to direct distribution. A competitor came out with a lower priced product and distributors picked it up because Idexx was no longer selling through them. The competitor was very aggressive, and, as the CEO of Idexx said, there is now a rapid assay price war going on in the industry. The business is still growing very nicely, but the stock was priced for perfection — last year it was trading for a high 30s multiple of forward earnings. Most of you have probably noticed we have sold down our position as a result of that valuation. We are still large shareholders. We still believe in the business. We think it is unique. We think it has a long runway. We think it will continue to dominate that space. We remain excited about the future there and believe in its direct distribution model. Do you want to add anything, Greg?



Greg Steinmetz:



Idexx is responsible for at least 75% if not more of all of the R&D spending in veterinary diagnostics. It can earn a nice return on that because this megatrend of the humanization of pets is showing no signs of stopping. People will spend anything on their animal if the veterinarian gives them a credible reason why they should. And it is a lot more than just rich people. It is a broad swath of pet owners. Idexx, to its credit, is a great believer in veterinary diagnostics. Management sees it as a very long-lived opportunity. It has really been paying off. Despite the issue with rapid assay this year, we are still going to get 10% organic growth. International is going gangbusters, and there the humanization of pets is just getting started. Even in China — where they are boiling Tibetan mastiffs, if you read the story in the Times two weeks ago — people are starting to treat animals more like humans. It is an opportunity that Idexx is going to benefit a great deal from.



From Ruane, Cunniff & Goldfarb Investor Day 2015 Transcript Part II - Sequoia Fund.



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Baron Funds Comments on IDEXX Laboratories Inc. - Aug 18, 2015

Shares of IDEXX Laboratories, Inc. (NASDAQ:IDXX), a leader in veterinary diagnostics, detracted from performance after outperforming meaningfully during recent periods. We attribute a portion of the stock’s decline to greater-than-expected foreign exchange headwinds. Separately, the company noted increased competition and lower prices in a sub-segment of its product portfolio, which we estimate accounts for just 3% of total revenue. We believe this enhanced competition stems from the company’s recent transition to a direct sales strategy in the U.S., and we are optimistic that management will successfully react with pricing programs to better serve these customers in the future. We expect accelerating organic revenue growth over the next several years, driven by productivity benefits from its new domestic sales strategy, additional products, and ongoing success in international markets. We believe that faster top line growth should lead to accelerated margin expansion, creating a virtuous cycle of earnings growth, reinvestment, and returns of capital to shareholders.



From Baron Funds' second quarter commentary.



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Baron Funds Comments on IDEXX Laboratories Inc - Mar 23, 2015

Shares of IDEXX Laboratories, Inc. (IDXX), a leader in veterinary diagnostics, rose in the fourth quarter on better-than-expected earnings and progress on moving to a direct distribution model in the U.S. IDEXX’s fundamentals continue to improve, with organic growth in its core business reaching 12% in the most recently reported quarter. We believe organic revenue growth at current levels is sustainable due to recent innovations in IDEXX’s portfolio of diagnostic products, instruments, data management tools, and geographic expansion. (Rebecca Ellin)

From Ron Baron (Trades, Portfolio)'s Baron Partners Fund Fourth Quarter 2014 Commentary.

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Baron Funds Comments on IDEXX Laboratories - May 02, 2014

Shares of IDEXX Laboratories, Inc. (NASDAQ:IDXX), a leader in veterinary diagnostics, rose on evidence of improving organic growth and excitement around its launch of CatalystOne, a new diagnostic platform. During its most recent quarter, IDEXX's organic revenue growth improved from mid-single digits to 11%, helped by strong instrument sales and accelerating volumes for the associated consumables. We believe that recent innovations in its diagnostic products, data management capabilities, and its go-to-market strategy have positioned IDEXX to continue recent market share gains and to significantly accelerate its revenue growth.



From Baron Funds' first quarter 2014 commentary.





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Top Ranked Articles about IDEXX Laboratories Inc

Baron Funds Comments on IDEXX Laboratories Inc. Guru stock highlight
Top 10 holding IDEXX Laboratories, Inc. (NASDAQ:IDXX) is a leader in veterinary diagnostics. The company is benefiting from secular growth spending on pets, driven by favorable demographics, increased use of diagnostics, and an increasing focus on preventative care. It has had much success placing its proprietary testing instrument in clinics, and has a deep pipeline of tests and products. Its razor/razorblade model results in high retention rates and incremental margins. IDEXX is transitioning to all-direct distribution, which we expect will further enhance margins and future growth. Read more...
Baron Funds Comments on IDEXX Laboratories Guru stock highlight.
Shares of veterinary diagnostics manufacturer IDEXX Laboratories, Inc. (NASDAQ:IDXX) contributed to the third quarter performance. The company reported strong second quarter results that demonstrated share gains in instruments and reference labs, and assuaged concerns regarding its competitive position in rapid assays. Catalyst placements grew 44% in the quarter, driven by the launch of CatalystOne in the U.S. and Europe. Premium hematology placements grew 30% in the third quarter, a meaningful increase from 14% in the second quarter. Reference lab results were also strong, growing 12.1% in the third quarter. (Neal Rosenberg) Read more...
Sequoia Fund Comments on Idexx Guru stock highlight
Arman Kline: Read more...
Baron Funds Comments on IDEXX Laboratories Inc.
Shares of IDEXX Laboratories, Inc. (NASDAQ:IDXX), a leader in veterinary diagnostics, detracted from performance after outperforming meaningfully during recent periods. We attribute a portion of the stock’s decline to greater-than-expected foreign exchange headwinds. Separately, the company noted increased competition and lower prices in a sub-segment of its product portfolio, which we estimate accounts for just 3% of total revenue. We believe this enhanced competition stems from the company’s recent transition to a direct sales strategy in the U.S., and we are optimistic that management will successfully react with pricing programs to better serve these customers in the future. We expect accelerating organic revenue growth over the next several years, driven by productivity benefits from its new domestic sales strategy, additional products, and ongoing success in international markets. We believe that faster top line growth should lead to accelerated margin expansion, creating a virtuous cycle of earnings growth, reinvestment, and returns of capital to shareholders. Read more...
Baron Funds Comments on IDEXX Laboratories Inc
Shares of IDEXX Laboratories, Inc. (IDXX), a leader in veterinary diagnostics, rose in the fourth quarter on better-than-expected earnings and progress on moving to a direct distribution model in the U.S. IDEXX’s fundamentals continue to improve, with organic growth in its core business reaching 12% in the most recently reported quarter. We believe organic revenue growth at current levels is sustainable due to recent innovations in IDEXX’s portfolio of diagnostic products, instruments, data management tools, and geographic expansion. (Rebecca Ellin) Read more...
Ruane Cunniff Sells Portions of Five of its Top 10 Stakes
In contrast to its activity in the third quarter, when nearly half of its transactions involved buying stocks in companies that were new to its portfolio, the majority of Ruane Cunniff (Trades, Portfolio)’s fourth-quarter activity involved selling – including portions of five of its 10 largest existing stakes. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 37.91
IDXX's P/E(ttm) is ranked lower than
67% of the 85 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 29.20 vs. IDXX: 37.91 )
Ranked among companies with meaningful P/E(ttm) only.
IDXX' s P/E(ttm) Range Over the Past 10 Years
Min: 15.2  Med: 30.33 Max: 46.85
Current: 37.91
15.2
46.85
Forward P/E 29.67
IDXX's Forward P/E is ranked lower than
76% of the 63 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 18.32 vs. IDXX: 29.67 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 37.78
IDXX's PE(NRI) is ranked lower than
63% of the 86 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 29.80 vs. IDXX: 37.78 )
Ranked among companies with meaningful PE(NRI) only.
IDXX' s PE(NRI) Range Over the Past 10 Years
Min: 15.02  Med: 30.27 Max: 46.66
Current: 37.78
15.02
46.66
P/S 4.23
IDXX's P/S is ranked lower than
62% of the 178 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 2.78 vs. IDXX: 4.23 )
Ranked among companies with meaningful P/S only.
IDXX' s P/S Range Over the Past 10 Years
Min: 1.75  Med: 3.90 Max: 5.71
Current: 4.23
1.75
5.71
PFCF 75.64
IDXX's PFCF is ranked lower than
84% of the 68 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 25.57 vs. IDXX: 75.64 )
Ranked among companies with meaningful PFCF only.
IDXX' s PFCF Range Over the Past 10 Years
Min: 13.09  Med: 33.57 Max: 201.75
Current: 75.64
13.09
201.75
POCF 38.45
IDXX's POCF is ranked lower than
69% of the 88 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 20.31 vs. IDXX: 38.45 )
Ranked among companies with meaningful POCF only.
IDXX' s POCF Range Over the Past 10 Years
Min: 11.42  Med: 23.77 Max: 44.34
Current: 38.45
11.42
44.34
EV-to-EBIT 26.38
IDXX's EV-to-EBIT is ranked lower than
62% of the 101 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 21.06 vs. IDXX: 26.38 )
Ranked among companies with meaningful EV-to-EBIT only.
IDXX' s EV-to-EBIT Range Over the Past 10 Years
Min: 10.5  Med: 20.50 Max: 33.1
Current: 26.38
10.5
33.1
EV-to-EBITDA 21.16
IDXX's EV-to-EBITDA is ranked lower than
72% of the 105 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 14.38 vs. IDXX: 21.16 )
Ranked among companies with meaningful EV-to-EBITDA only.
IDXX' s EV-to-EBITDA Range Over the Past 10 Years
Min: 8.3  Med: 16.80 Max: 27
Current: 21.16
8.3
27
PEG 3.33
IDXX's PEG is ranked lower than
57% of the 42 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 2.69 vs. IDXX: 3.33 )
Ranked among companies with meaningful PEG only.
IDXX' s PEG Range Over the Past 10 Years
Min: 0.79  Med: 2.05 Max: 3.83
Current: 3.33
0.79
3.83
Shiller P/E 51.37
IDXX's Shiller P/E is ranked lower than
80% of the 30 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 36.62 vs. IDXX: 51.37 )
Ranked among companies with meaningful Shiller P/E only.
IDXX' s Shiller P/E Range Over the Past 10 Years
Min: 26.11  Med: 50.70 Max: 83.04
Current: 51.37
26.11
83.04
Current Ratio 1.01
IDXX's Current Ratio is ranked lower than
90% of the 191 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 2.68 vs. IDXX: 1.01 )
Ranked among companies with meaningful Current Ratio only.
IDXX' s Current Ratio Range Over the Past 10 Years
Min: 0.93  Med: 2.81 Max: 7.72
Current: 1.01
0.93
7.72
Quick Ratio 0.78
IDXX's Quick Ratio is ranked lower than
90% of the 191 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 2.41 vs. IDXX: 0.78 )
Ranked among companies with meaningful Quick Ratio only.
IDXX' s Quick Ratio Range Over the Past 10 Years
Min: 0.73  Med: 1.97 Max: 6.78
Current: 0.78
0.73
6.78
Days Inventory 92.27
IDXX's Days Inventory is ranked higher than
50% of the 153 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 88.26 vs. IDXX: 92.27 )
Ranked among companies with meaningful Days Inventory only.
IDXX' s Days Inventory Range Over the Past 10 Years
Min: 77.45  Med: 82.31 Max: 84.42
Current: 92.27
77.45
84.42
Days Sales Outstanding 42.91
IDXX's Days Sales Outstanding is ranked higher than
81% of the 155 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 65.71 vs. IDXX: 42.91 )
Ranked among companies with meaningful Days Sales Outstanding only.
IDXX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 37.43  Med: 40.46 Max: 42.88
Current: 42.91
37.43
42.88
Days Payable 27.00
IDXX's Days Payable is ranked lower than
80% of the 149 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 52.88 vs. IDXX: 27.00 )
Ranked among companies with meaningful Days Payable only.
IDXX' s Days Payable Range Over the Past 10 Years
Min: 13.82  Med: 22.33 Max: 25.85
Current: 27
13.82
25.85

Valuation & Return

vs
industry
vs
history
Price/Projected FCF 2.86
IDXX's Price/Projected FCF is ranked lower than
70% of the 66 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 2.00 vs. IDXX: 2.86 )
Ranked among companies with meaningful Price/Projected FCF only.
IDXX' s Price/Projected FCF Range Over the Past 10 Years
Min: 1.14  Med: 2.36 Max: 3.98
Current: 2.86
1.14
3.98
Price/DCF (Earnings Based) 1.78
IDXX's Price/DCF (Earnings Based) is ranked lower than
63% of the 16 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 1.70 vs. IDXX: 1.78 )
Ranked among companies with meaningful Price/DCF (Earnings Based) only.
N/A
Price/Median PS Value 1.09
IDXX's Price/Median PS Value is ranked lower than
64% of the 157 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.91 vs. IDXX: 1.09 )
Ranked among companies with meaningful Price/Median PS Value only.
IDXX' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.45  Med: 0.87 Max: 1.82
Current: 1.09
0.45
1.82
Price/Peter Lynch Fair Value 3.41
IDXX's Price/Peter Lynch Fair Value is ranked lower than
89% of the 28 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 2.11 vs. IDXX: 3.41 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
IDXX' s Price/Peter Lynch Fair Value Range Over the Past 10 Years
Min: 0.88  Med: 1.77 Max: 3.64
Current: 3.41
0.88
3.64
Earnings Yield (Greenblatt) (%) 3.77
IDXX's Earnings Yield (Greenblatt) (%) is ranked higher than
67% of the 189 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 1.10 vs. IDXX: 3.77 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
IDXX' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 3  Med: 4.90 Max: 9.5
Current: 3.77
3
9.5
Forward Rate of Return (Yacktman) (%) 13.14
IDXX's Forward Rate of Return (Yacktman) (%) is ranked higher than
61% of the 57 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 11.03 vs. IDXX: 13.14 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
IDXX' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: 13  Med: 17.20 Max: 22.1
Current: 13.14
13
22.1

More Statistics

Revenue(Mil) $1602
EPS $ 2.05
Beta0.29
Short Percentage of Float8.95%
52-Week Range $61.37 - 82.24
Shares Outstanding(Mil)90.96

Analyst Estimate

Dec16 Dec17
Revenue(Mil) 1,708 1,821
EPS($) 2.15 2.39
EPS without NRI($) 2.15 2.39

Latest Earnings Webcast

» More Conference Calls

Business Description

Industry: Medical Diagnostics & Research » Diagnostics & Research
Compare:LH, ALR, DGX, LIFE, ENZ » details
Traded in other countries:IX1.Germany,
IDEXX Laboratories Inc was incorporated in 1983. The Company develops, manufactures and distributes products and provides services for the veterinary, bioresearch, water, livestock, poultry and dairy markets. It also sells a line of portable electrolytes and blood gas analyzers for the human point-of-care medical diagnostics market. The Company operates through three segments: CAG, Water, and LPD. CAG develops, designs, manufactures and distributes products and performs services for veterinarians and the bioresearch market related to diagnostics and information management. Water develops, designs, manufactures and distributes a products used in the detection of various microbiological parameters in water. LPD develops, designs, manufactures and distributes diagnostic tests and related instrumentation that are used to manage the health status of livestock and poultry, to improve bovine reproductive efficiency, and to ensure the quality and safety of milk and food. OPTI Medical develops, designs, manufactures and distributes point-of-care electrolyte and blood gas analyzers and related consumable products for the human medical diagnostics market. It competes with many companies ranging from large human pharmaceutical and medical diagnostics companies to small businesses focused on animal health. Its companion animal veterinary diagnostic products and services compete with both reference laboratory service and in-clinic product providers. The Company's trademarks include 4Dx, Catalyst Dx, Catalyst One, Coag Dx, Colilert, Colisure, Cornerstone, DVMAX, Enterolert, Feline Triple, Filta-Max, Filta-Max xpress, IDEXX I-Vision CR, IDEXX I-Vision DR, IDEXX I-Vision Mobile, IDEXX ImageBank, IDEXX-PACS, IDEXX VetLab, IDEXX VPM, LaserCyte, LaserCyte Dx, Navigator, OPTI, OPTI LION, PetChek, PetDetect, Pet Health Network, Practice Profile, ProCyte Dx, Pseudalert, Quanti-Tray, SimPlate, SmartService, SNAP, SNAPduo, SNAP Pro, SNAP cPL, SNAP fPL, SNAPshot Dx, VetAutoread, VetConnect, VetLab UA, VetLINK, VetLyte, VetStat, VetTest and VetVault. Many of its products are subject to comprehensive regulation by U.S. and foreign regulatory agencies that relate to, among other things, product approvals, manufacturing, distribution, marketing and promotion, labeling, recordkeeping, testing, quality, storage and product disposal.
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Articles On GuruFocus.com
Baron Funds Comments on IDEXX Laboratories Inc. Jan 14 2016 
Baron Funds Comments on IDEXX Laboratories Nov 04 2015 
Ron Baron's Largest Purchases During Second Quarter Sep 28 2015 
Sequoia Fund Comments on Idexx Aug 28 2015 
Ruane, Cunniff & Goldfarb Investor Day 2015 Transcript Part II Aug 27 2015 
Baron Funds Comments on IDEXX Laboratories Inc. Aug 18 2015 
Baron Funds Spring Newsletter: The Advantages of Mid-Cap Stocks Jun 10 2015 
Distribution: A Potentially Under-appreciated Moat Jun 08 2015 
Baron Funds Comments on IDEXX Laboratories Inc Mar 23 2015 
Ron Baron's Baron Partners Fund Fourth Quarter 2014 Commentary Mar 20 2015 

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