WallStSmart

IDEXX Laboratories Inc (IDXX)vsIllumina Inc (ILMN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

IDEXX Laboratories Inc generates 1% more annual revenue ($4.55B vs $4.49B). IDXX leads profitability with a 25.0% profit margin vs 18.3%. ILMN appears more attractively valued with a PEG of 2.69. IDXX earns a higher WallStSmart Score of 63/100 (C+).

IDXX

Buy

63

out of 100

Grade: C+

Growth: 6.7Profit: 10.0Value: 2.7Quality: 7.0
Piotroski: 6/9Altman Z: 5.92

ILMN

Buy

56

out of 100

Grade: C

Growth: 3.3Profit: 8.5Value: 5.3Quality: 6.5
Piotroski: 6/9Altman Z: 1.88
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

IDXXSignificantly Overvalued (-48.7%)

Margin of Safety

-48.7%

Fair Value

$436.26

Current Price

$504.70

$68.44 premium

UndervaluedFair: $436.26Overvalued
ILMNUndervalued (+58.4%)

Margin of Safety

+58.4%

Fair Value

$279.71

Current Price

$206.45

$73.26 discount

UndervaluedFair: $279.71Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

IDXX4 strengths · Avg: 9.8/10
Return on EquityProfitability
70.7%10/10

Every $100 of equity generates 71 in profit

Operating MarginProfitability
35.0%10/10

Strong operational efficiency at 35.0%

Altman Z-ScoreHealth
5.9210/10

Safe zone — low bankruptcy risk

Profit MarginProfitability
25.0%9/10

Keeps 25 of every $100 in revenue as profit

ILMN2 strengths · Avg: 8.5/10
Return on EquityProfitability
29.1%9/10

Every $100 of equity generates 29 in profit

Operating MarginProfitability
21.1%8/10

Strong operational efficiency at 21.1%

Areas to Watch

IDXX3 concerns · Avg: 2.7/10
P/E RatioValuation
36.5x4/10

Premium valuation, high expectations priced in

PEG RatioValuation
2.932/10

Expensive relative to growth rate

Price/BookValuation
24.7x2/10

Trading at 24.7x book value

ILMN4 concerns · Avg: 3.5/10
P/E RatioValuation
39.3x4/10

Premium valuation, high expectations priced in

Price/BookValuation
11.0x4/10

Trading at 11.0x book value

Altman Z-ScoreHealth
1.884/10

Grey zone — moderate risk

PEG RatioValuation
2.692/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : IDXX

The strongest argument for IDXX centers on Return on Equity, Operating Margin, Altman Z-Score. Profitability is solid with margins at 25.0% and operating margin at 35.0%.

Bull Case : ILMN

The strongest argument for ILMN centers on Return on Equity, Operating Margin. Profitability is solid with margins at 18.3% and operating margin at 21.1%.

Bear Case : IDXX

The primary concerns for IDXX are P/E Ratio, PEG Ratio, Price/Book.

Bear Case : ILMN

The primary concerns for ILMN are P/E Ratio, Price/Book, Altman Z-Score.

Key Dynamics to Monitor

IDXX carries more volatility with a beta of 1.54 — expect wider price swings.

IDXX is growing revenue faster at 9.7% — sustainability is the question.

IDXX generates stronger free cash flow (323M), providing more financial flexibility.

Monitor DIAGNOSTICS & RESEARCH industry trends, competitive dynamics, and regulatory changes.

Bottom Line

IDXX scores higher overall (63/100 vs 56/100), backed by strong 25.0% margins. ILMN offers better value entry with a 58.4% margin of safety. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

IDEXX Laboratories Inc

HEALTHCARE · DIAGNOSTICS & RESEARCH · USA

IDEXX Laboratories, Inc. is an American multinational corporation engaged in the development, manufacture, and distribution of products and services for the companion animal veterinary, livestock and poultry, water testing, and dairy markets.

Illumina Inc

HEALTHCARE · DIAGNOSTICS & RESEARCH · USA

Illumina, Inc. is an American company. Incorporated on April 1, 1998, Illumina develops, manufactures, and markets integrated systems for the analysis of genetic variation and biological function. The company provides a line of products and services that serves the sequencing, genotyping and gene expression, and proteomics markets. Its headquarters are located in San Diego, California.

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