We have upgraded our economic moat rating on Idexx to wide, after taking a fresh look at the firm’s intangible assets that have complemented switching costs in supporting highly attractive economic profits over the last two decades.
Unlike human healthcare, pet health services and products require cash payments—thereby bypassing the reimbursement issues and pricing pressure associated with third-party payers.
International sales account for a substantial chunk of Idexx's total revenue; as the U.S. dollar strengthens, Idexx would feel the pain on its top and bottom lines.
|
Metric
|
IDXX
|
MRK
|
ZTS
|
|---|---|---|---|
Price/Earnings (Normalized) | 45.74 | 16.92 | 34.47 |
Price/Book Value | 25.33 | 6.41 | 17.45 |
Price/Sales | 10.71 | 4.50 | 9.83 |
Price/Cash Flow | 41.43 | 14.97 | 29.99 |
|
Metric
|
IDXX
|
MRK
|
ZTS
|
|---|---|---|---|
Quick Ratio | 0.90 | 0.88 | 1.64 |
Current Ratio | 1.37 | 1.47 | 3.45 |
Interest Coverage | 31.94 | 13.07 | 12.68 |
|
Metric
|
IDXX
|
MRK
|
ZTS
|
|---|---|---|---|
Return on Assets (Normalized) | 28.00% | 15.46% | 18.00% |
Return on Equity (Normalized) | 63.97% | 41.15% | 51.43% |
Return on Invested Capital (Normalized) | 36.42% | 22.92% | 22.69% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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TMO
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DHR
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A
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IQV
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MTD
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ICLR
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ILMN
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WAT
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| Labcorp Holdings Inc
LH
| Mshnbnvs | Jkpvh | $18.1 Bil |
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United States