Stock analysis · Bull Rankings model

IDXX analysis

IDEXX Laboratories, Inc.Diagnostics & Research. Scored on the same transparent 7-signal model behind the daily rankings.

IDXX
IDEXX Laboratories, Inc. · Diagnostics & Research
FCF$1.1bC+
Rev+13.1%B+
D/E0.71C+
P/E42.4xC+
PEG3.46D
69.3Score
$567.44$44.8B
1Y Target$708.43Analyst consensus · 14 analysts
5Y Target$1,037Compound horizon
10Y Target$1,539Long-dated conviction
FCF$1.1bTTM
C+
FCF $1.1b — respectable but not differentiating
Rev+13.1%TTM YoY
B+
Revenue +13.1% — above sector median, healthy trajectory
D/E0.71
C+
D/E 0.71 — above the Healthcare debt median (≈75th pctile)
P/E42.4x
C+
P/E 42.4 — above the Healthcare median (≈75th pctile)
PEG3.46
D
PEG 3.46 — very expensive; pricing in best-case scenarios

Forward price target — the 1-year figure is the analyst consensus where the stock is covered; the 5- and 10-year figures compound our earnings estimate from there. The DCF below is a separate cross-check on intrinsic value (what it's worth today), not another target.

Quality-growth score · 69.3
Quality0.88
Growth0.85
Value0.44
Why this score
  • Durable high returns
Entry · Margin of safety
52-week rangeNear 52-week low
26% off the 12-month high
vs DCF fair value224% aboveest. fair value ~$175
What the price assumes: free cash flow compounding at ~41% a year for the next decade — vs the ~13% a year our model projects from current growth and analyst estimates.
Quality signals · context only
Gross profitability81% · Agross profit ÷ total assets (Novy-Marx)
ROIC55.4% · Areturn on invested capital — not score-weighted
Why now
IDEXX’s Companion Animal Group is entrenched in the fast‑growing point‑of‑care veterinary diagnostics market, and its 13.1% YoY revenue growth is being turned into a 24.6% profit margin that fuels a $1.1 B free‑cash‑flow generation engine. This high‑margin cash conversion, combined with a staggering 70.4% ROE, means earnings will keep compounding as vets adopt more SNAP rapid assays and integrated lab services. The thesis rests on the persistence of this margin‑driven compounding.
Moat
IDEXX’s moat stems from its integrated diagnostic platform that locks in veterinary clinics through point‑of‑care analyzers, SNAP rapid test kits, and a commercial reference laboratory—creating high switching costs and pricing power that drives the 70%+ ROE. The company’s IP‑protected assay technology and global distribution network further insulate it from new entrants, ensuring the Companion Animal segment remains a cash‑rich, defensible franchise.
Risk
The market is already pricing in aggressive expectations: a P/E of 41.7 and a PEG of 3.46 imply future growth far outpacing the current 13.1% revenue expansion, while a beta of 1.55 adds volatility. A slowdown in veterinary spend or margin erosion would force the stock to re‑price, and a rise in debt‑to‑equity above 0.71 would amplify financial risk. Confirmation of the bear case would be a miss on revenue growth or margin in the next earnings release.
Horizon
1-3 yr $708.43 (14-analyst consensus) — fundamentals + valuation re-rating. 5 yr $1,037 at ~13% CAGR — compounding case rests on the competitive position widening. 10 yr $1,539 if current growth sustains into durable earnings power.
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Trend
+2.6 over 22 daily scores
From 66.7 (Jun 22) → 69.3 (now)

One point per daily model run. The range autoscales, so a flat-looking line can still hide 1–2 point moves — read the From → To values for the actual range.

Shares to buy
3
Position size
$1,702
3.4% of portfolio
Stop price
$425.58
25% below $567.44
$ at risk if stopped
$425.58
budget $500.00 · 1% of portfolio

Math only — share count is floor(portfolio × risk% ÷ (price × stop%)). Doesn't account for commissions, slippage, gap risk, or position-correlation across your book. Inputs persist locally; never sent to the server. Not investment advice.

IDEXX Laboratories, Inc. (IDXX): score, valuation & FAQ

IDEXX Laboratories, Inc. (IDXX) is a Diagnostics & Research company that scores 69.3 out of 100 on the Bull Rankings quality-growth model — a solid, above-average reading. The score blends three pillars — quality (durable returns, healthy margins, low leverage), growth (revenue and earnings), and value (valuation versus sector peers) — into one number, refreshed daily; it is a screen, not a buy recommendation.

Its strongest graded signals are Rev (B+), while PEG (D) rate weaker. On valuation, IDXX sits about 224% above our discounted-cash-flow fair value — the current price implies roughly 41% annual free-cash-flow growth over the next decade.

Is IDXX a good stock to buy?

Bull Rankings scores IDXX 69.3 out of 100 on its quality-growth model, which is a solid, above-average reading. That is driven by Rev (B+). A score is a quantitative screen of IDEXX Laboratories, Inc.'s fundamentals, not personalised financial advice — weigh it against your own time horizon and risk tolerance, and read the risk factors below before acting.

Why does IDXX score 69.3 on Bull Rankings?

The quality-growth score blends three pillars — quality (returns on capital, margins, leverage, earnings quality), growth (revenue and earnings expansion), and value (valuation versus sector peers). IDXX earns its highest marks on Rev (B+), and is held back by PEG (D). Each pillar is graded against sector-aware thresholds, then combined into the single 0–100 score.

Is IDXX overvalued or undervalued?

Based on $567.44, IDXX sits about 224% above our discounted-cash-flow fair value — the current price implies roughly 41% annual free-cash-flow growth over the next decade. It trades at a 42.4x× P/E (graded C+). Discounted-cash-flow estimates are sensitive to growth and discount-rate assumptions, so treat this as a cross-check, not a price target.

What are the main risks of investing in IDXX?

The market is already pricing in aggressive expectations: a P/E of 41.7 and a PEG of 3.46 imply future growth far outpacing the current 13.1% revenue expansion, while a beta of 1.55 adds volatility. A slowdown in veterinary spend or margin erosion would force the stock to re‑price, and a rise in debt‑to‑equity above 0.71 would amplify financial risk. Confirmation of the bear case would be a miss on revenue growth or margin in the next earnings release.

New to these metrics? The guides explain free cash flow, how the score works, and more in the learn hub — or run another name through the screener.

Bull Rankings is an automated fundamentals screen for research and education. It is not investment advice, and nothing here is a recommendation to buy or sell any security. Do your own research and consider consulting a licensed financial adviser.

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