Added to YB: 2024-10-01
Pitch date: 2024-10-01
IDXX [bullish]
IDEXX Laboratories, Inc.
+42.26%
current return
Author Info
Company Info
IDEXX Laboratories, Inc. develops, manufactures, and distributes products for the companion animal veterinary, livestock and poultry, dairy, and water testing industries in the United States and internationally.
Market Cap
$56.5B
Pitch Price
$495.01
Price Target
N/A
Dividend
N/A
EV/EBITDA
38.97
P/E
56.15
EV/Sales
13.77
Sector
Health Care Equipment and Supplies
Category
growth
AGB 2024.6 - IDEXX Laboratories (IDXX)
IDXX: Leading vet diagnostics provider. 91% revenue from Companion Animal Group. Strong recurring revenue (88%) driven by instruments, consumables, lab services. High retention rates (97-99.5%). TAM $45B. Vet visits down, but diagnostic utilization rising. Long-term 11.5-14% CAG growth target. High ROIC (25-45%). New cancer panel & int'l expansion key opportunities.
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