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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 0.31
IDXX's Cash to Debt is ranked higher than
52% of the 299 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 3.10 vs. IDXX: 0.31 )
IDXX' s 10-Year Cash to Debt Range
Min: 0.31   Max: No Debt
Current: 0.31

Equity to Asset 0.02
IDXX's Equity to Asset is ranked lower than
53% of the 281 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.61 vs. IDXX: 0.02 )
IDXX' s 10-Year Equity to Asset Range
Min: 0.02   Max: 0.9
Current: 0.02

0.02
0.9
Interest Coverage 16.87
IDXX's Interest Coverage is ranked higher than
58% of the 165 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 566.16 vs. IDXX: 16.87 )
IDXX' s 10-Year Interest Coverage Range
Min: 16.87   Max: 9999.99
Current: 16.87

16.87
9999.99
F-Score: 4
Z-Score: 6.14
M-Score: -2.70
WACC vs ROIC
7.24%
27.94%
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 (%) 17.44
IDXX's Operating margin (%) is ranked higher than
94% of the 292 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 2.36 vs. IDXX: 17.44 )
IDXX' s 10-Year Operating margin (%) Range
Min: -1.67   Max: 20.3
Current: 17.44

-1.67
20.3
Net-margin (%) 12.06
IDXX's Net-margin (%) is ranked higher than
92% of the 292 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 1.12 vs. IDXX: 12.06 )
IDXX' s 10-Year Net-margin (%) Range
Min: -8.02   Max: 14.26
Current: 12.06

-8.02
14.26
ROE (%) 67.58
IDXX's ROE (%) is ranked higher than
100% of the 282 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 1.47 vs. IDXX: 67.58 )
IDXX' s 10-Year ROE (%) Range
Min: -6.75   Max: 57.23
Current: 67.58

-6.75
57.23
ROA (%) 13.67
IDXX's ROA (%) is ranked higher than
98% of the 302 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.41 vs. IDXX: 13.67 )
IDXX' s 10-Year ROA (%) Range
Min: -5.62   Max: 17.84
Current: 13.67

-5.62
17.84
ROC (Joel Greenblatt) (%) 54.72
IDXX's ROC (Joel Greenblatt) (%) is ranked higher than
92% of the 301 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 4.48 vs. IDXX: 54.72 )
IDXX' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -6.38   Max: 96.66
Current: 54.72

-6.38
96.66
Revenue Growth (3Y)(%) 11.80
IDXX's Revenue Growth (3Y)(%) is ranked higher than
87% of the 217 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 6.60 vs. IDXX: 11.80 )
IDXX' s 10-Year Revenue Growth (3Y)(%) Range
Min: 8.4   Max: 23.1
Current: 11.8

8.4
23.1
EBITDA Growth (3Y)(%) 8.70
IDXX's EBITDA Growth (3Y)(%) is ranked higher than
81% of the 198 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 2.30 vs. IDXX: 8.70 )
IDXX' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 3.1   Max: 98.1
Current: 8.7

3.1
98.1
EPS Growth (3Y)(%) 8.80
IDXX's EPS Growth (3Y)(%) is ranked higher than
81% of the 188 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 1.40 vs. IDXX: 8.80 )
IDXX' s 10-Year EPS Growth (3Y)(%) Range
Min: -0.8   Max: 26.4
Current: 8.8

-0.8
26.4
» IDXX's 10-Y Financials

Financials


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

» Details

Guru Trades

Q2 2014

IDXX Guru Trades in Q2 2014

Paul Tudor Jones 1,600 sh (New)
RS Investment Management 168,010 sh (New)
Jim Simons 151,400 sh (+157.05%)
Chris Davis 185,256 sh (+3.16%)
Chuck Royce 1,203,911 sh (unchged)
Joel Greenblatt Sold Out
First Eagle Investment Sold Out
Ray Dalio Sold Out
Ruane Cunniff 5,238,390 sh (-0.27%)
Ron Baron 3,692,912 sh (-0.99%)
Jeremy Grantham 25,600 sh (-4.12%)
Bill Frels 2,999 sh (-40.01%)
» More
Q3 2014

IDXX Guru Trades in Q3 2014

Ray Dalio 7,113 sh (New)
Joel Greenblatt 155,323 sh (New)
Paul Tudor Jones 10,541 sh (+558.81%)
Jeremy Grantham 50,406 sh (+96.90%)
Jim Simons 292,052 sh (+92.90%)
Chris Davis 323,495 sh (+74.62%)
RS Investment Management 192,520 sh (+14.59%)
Bill Frels 3,199 sh (+6.67%)
Ron Baron 3,670,909 sh (-0.60%)
Ruane Cunniff 5,197,081 sh (-0.79%)
Chuck Royce 1,147,031 sh (-4.72%)
» More
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%)
Ruane Cunniff 4,448,407 sh (unchged)
Ruane Cunniff 4,639,121 sh (unchged)
Ruane Cunniff 4,639,121 sh (unchged)
Ray Dalio Sold Out
Joel Greenblatt 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%)
Bill Frels 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%)
Bill Frels 2,199 sh (unchged)
Ron Baron 3,623,004 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
» Details

Insider Trades

Latest Guru Trades with IDXX

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

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Guru Investment Theses on IDEXX Laboratories Inc

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.

Check out Ron Baron latest stock trades

Baron Funds Comments on IDEXX Laboratories - May 02, 2014

Shares of IDEXX Laboratories, Inc. (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.





Check out Ron Baron latest stock trades

Top Ranked Articles about IDEXX Laboratories Inc

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) 38.00
IDXX's P/E(ttm) is ranked higher than
84% of the 341 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. IDXX: 38.00 )
IDXX' s 10-Year P/E(ttm) Range
Min: 15.21   Max: 46.98
Current: 38

15.21
46.98
Forward P/E 28.57
IDXX's Forward P/E is ranked higher than
84% of the 341 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. IDXX: 28.57 )
N/A
PE(NRI) 38.00
IDXX's PE(NRI) is ranked higher than
85% of the 341 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. IDXX: 38.00 )
IDXX' s 10-Year PE(NRI) Range
Min: 15.18   Max: 46.93
Current: 38

15.18
46.93
P/B 190.03
IDXX's P/B is ranked lower than
54% of the 341 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 4.90 vs. IDXX: 190.03 )
IDXX' s 10-Year P/B Range
Min: 3.96   Max: 224.73
Current: 190.03

3.96
224.73
P/S 4.56
IDXX's P/S is ranked higher than
63% of the 341 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 4.41 vs. IDXX: 4.56 )
IDXX' s 10-Year P/S Range
Min: 1.75   Max: 5.7
Current: 4.56

1.75
5.7
PFCF 62.49
IDXX's PFCF is ranked higher than
82% of the 341 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. IDXX: 62.49 )
IDXX' s 10-Year PFCF Range
Min: 12.97   Max: 240
Current: 62.49

12.97
240
POCF 37.70
IDXX's POCF is ranked higher than
81% of the 341 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. IDXX: 37.70 )
IDXX' s 10-Year POCF Range
Min: 11.37   Max: 44.58
Current: 37.7

11.37
44.58
EV-to-EBIT 27.45
IDXX's EV-to-EBIT is ranked higher than
83% of the 341 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. IDXX: 27.45 )
IDXX' s 10-Year EV-to-EBIT Range
Min: 10.7   Max: 33.3
Current: 27.45

10.7
33.3
PEG 3.28
IDXX's PEG is ranked higher than
94% of the 341 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. IDXX: 3.28 )
IDXX' s 10-Year PEG Range
Min: 0.77   Max: 3.86
Current: 3.28

0.77
3.86
Shiller P/E 44.80
IDXX's Shiller P/E is ranked higher than
87% of the 341 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. IDXX: 44.80 )
IDXX' s 10-Year Shiller P/E Range
Min: 20.53   Max: 61.56
Current: 44.8

20.53
61.56
Current Ratio 1.01
IDXX's Current Ratio is ranked lower than
52% of the 293 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 2.64 vs. IDXX: 1.01 )
IDXX' s 10-Year Current Ratio Range
Min: 0.93   Max: 8.34
Current: 1.01

0.93
8.34
Quick Ratio 0.79
IDXX's Quick Ratio is ranked lower than
51% of the 293 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 2.22 vs. IDXX: 0.79 )
IDXX' s 10-Year Quick Ratio Range
Min: 0.73   Max: 7.55
Current: 0.79

0.73
7.55
Days Inventory 83.52
IDXX's Days Inventory is ranked higher than
78% of the 341 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 137.36 vs. IDXX: 83.52 )
IDXX' s 10-Year Days Inventory Range
Min: 77.45   Max: 165.44
Current: 83.52

77.45
165.44
Days Sales Outstanding 47.49
IDXX's Days Sales Outstanding is ranked higher than
87% of the 341 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 78.80 vs. IDXX: 47.49 )
IDXX' s 10-Year Days Sales Outstanding Range
Min: 37.43   Max: 90.81
Current: 47.49

37.43
90.81

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 3.09
IDXX's Price/DCF (Projected) is ranked higher than
85% of the 341 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. IDXX: 3.09 )
IDXX' s 10-Year Price/DCF (Projected) Range
Min: 1.49   Max: 3.99
Current: 3.09

1.49
3.99
Price/Median PS Value 1.20
IDXX's Price/Median PS Value is ranked higher than
71% of the 341 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 1.30 vs. IDXX: 1.20 )
IDXX' s 10-Year Price/Median PS Value Range
Min: 0.47   Max: 2.27
Current: 1.2

0.47
2.27
Price/Peter Lynch Fair Value 3.27
IDXX's Price/Peter Lynch Fair Value is ranked higher than
94% of the 341 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.00 vs. IDXX: 3.27 )
IDXX' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.9   Max: 4.84
Current: 3.27

0.9
4.84
Earnings Yield (Greenblatt) 3.60
IDXX's Earnings Yield (Greenblatt) is ranked higher than
81% of the 299 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 0.40 vs. IDXX: 3.60 )
IDXX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3   Max: 9.4
Current: 3.6

3
9.4
Forward Rate of Return (Yacktman) 13.62
IDXX's Forward Rate of Return (Yacktman) is ranked higher than
78% of the 114 Companies
in the Global Diagnostics & Research industry.

( Industry Median: 10.27 vs. IDXX: 13.62 )
IDXX' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 13.3   Max: 22.6
Current: 13.62

13.3
22.6

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.
» More Articles for IDXX

Headlines

Articles On GuruFocus.com
Baron Funds Comments on IDEXX Laboratories Inc Mar 23 2015 
Ron Baron's Baron Partners Fund Fourth Quarter 2014 Commentary Mar 20 2015 
Baron Asset Fund Commentary on IDEX Corp Mar 19 2015 
Ruane Cunniff Sells Portions of Five of its Top 10 Stakes Mar 13 2015 
Baron Funds Comments on IDEXX Laboratories May 02 2014 
IDEXX Laboratories, Inc. - Value Alert May 23 2013 
Weekly Top Insider Sells Feb 11 2013 
Weekly CFO Sells Highlight: FB, FSL, IVZ, IDXX, PFMT, CTXS Feb 10 2013 
Baron Funds Comments on IDEXX Laboratories Feb 06 2013 
Baron Funds Comments on IDEXX Laboratories Aug 23 2012 

More From Other Websites
IDEXX LABORATORIES INC /DE Files SEC form 8-K, Change in Directors or Principal Officers, Submission... May 11 2015
IDEXX Laboratories: Q1 Placements Impress, Yet View Down - Analyst Blog May 08 2015
IDEXX Launches Canine Influenza Test Targeting H3N2 in Response to Outbreak May 07 2015
IDEXX Launches Canine Influenza Test Targeting H3N2 in Response to Outbreak May 07 2015
IDEXX Announces Two-for-One Stock Split and Increase in Share Repurchase Program May 06 2015
IDEXX LABORATORIES INC /DE Files SEC form 8-K, Other Events, Financial Statements and Exhibits May 06 2015
IDEXX Laboratories Announces Two-for-One Stock Split and Increase in Share Repurchase Program May 06 2015
IDEXX Laboratories (IDXX) Jumps: Stock Moves 6% Higher - Tale of the Tape May 04 2015
IDEXX Introduces Exclusive New Intestinal Parasite Screening Tests to Protect Pets May 04 2015
10-Q for IDEXX Laboratories, Inc. Apr 30 2015
Nasdaq stocks posting largest percentage decreases Apr 29 2015
IDEXX Laboratories Misses on Q1 Earnings, Cuts '15 View - Analyst Blog Apr 29 2015
Stock Market Rebounds; Some Medicals Move Sharply Apr 28 2015
Idexx misses Street 1Q forecasts Apr 28 2015
Idexx misses Street 1Q forecasts Apr 28 2015
Q1 2015 IDEXX Laboratories Inc Earnings Release - Before Market Open Apr 28 2015
IDEXX LABORATORIES INC /DE Files SEC form 8-K, Results of Operations and Financial Condition,... Apr 28 2015
IDEXX Laboratories Announces First Quarter Results Apr 28 2015
IDEXX Names Jeffrey Fiarman Executive Vice President and General Counsel Apr 15 2015
IDEXX M. bovis Ab Test Earns USDA Approval Apr 15 2015

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