BioMerieux SA BIM

Morningstar Rating
€106.20 −2.00 (1.85%)
View Full Chart

Company Report

BioMerieux: Narrow Moat Reinstated and Shares Fairly Valued on Refreshed Thoughts

As we are refreshing our thoughts on BioMerieux, we are reinstating our narrow moat rating. BioMerieux is a niche player in the fragmented in vitro diagnostic market and has specialty positioning in clinical and industrial microbiology and multiplex molecular diagnostics, which is also called syndromic testing. Our fair value estimate is EUR 114 per share, and we view the current market price as fairly valued.

Price vs Fair Value

BIM is trading at a 368% premium.
Price
€108.20
Fair Value
€593.00
Uncertainty
Medium
1-Star Price
€113.80
5-Star Price
€44.90
Economic Moat
Srnnmy
Capital Allocation
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Bulls Say, Bears Say

Bulls

BioMerieux maintains leadership in the niche markets of microbiology testing and multiplex molecular testing, and enjoys growth rates that are well above the IVD industry average.

Bears

BioMerieux is facing more competition in multiplex molecular testing, as other firms are launching newer platforms to compete with BioFire.

News

Trading Information

Previous Close Price
€108.20
Day Range
€106.20108.40
52-Week Range
€84.54111.50
Bid/Ask
€106.10 / €106.30
Market Cap
€12.53 Bil
Volume/Avg
25,167 / 85,255

Key Statistics

Price/Earnings (Normalized)
25.17
Price/Sales
3.38
Dividend Yield (Trailing)
0.79%
Dividend Yield (Forward)
0.79%
Total Yield
0.99%

Company Profile

BioMérieux designs, develops, and manufactures a broad portfolio of in vitro diagnostics for detecting disease-causing pathogens and contamination. The company operates in four segments: molecular biology (34% of 2023 sales), microbiology (39%), immunoassays (10%), and industrial applications (about 17%). The Amercas account for the largest portion of the firm’s revenue (45%), followed by Europe, the Middle East, and Africa (31%), and Asia-Pacific (16%). BioMérieux is headquartered in Marcy-l’Etoile, France.
Sector
Healthcare
Industry
Diagnostics & Research
Stock Style Box
Mid Growth
Total Number of Employees
13,982

Competitors

Valuation

Metric
BIM
DIA
BIO
Price/Earnings (Normalized)
25.1721.4231.64
Price/Book Value
3.333.461.43
Price/Sales
3.385.033.84
Price/Cash Flow
19.7118.2210.01
Price/Earnings
BIM
DIA
BIO

Financial Strength

Metric
BIM
DIA
BIO
Quick Ratio
1.201.674.23
Current Ratio
2.213.126.28
Interest Coverage
95.7410.35−35.80
Quick Ratio
BIM
DIA
BIO

Profitability

Metric
BIM
DIA
BIO
Return on Assets (Normalized)
9.17%6.48%2.66%
Return on Equity (Normalized)
12.83%12.05%3.75%
Return on Invested Capital (Normalized)
11.23%10.14%2.93%
Return on Assets
BIM
DIA
BIO

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