WallStSmart

NeoGenomics Inc (NEO)vsWaters Corporation (WAT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Waters Corporation generates 405% more annual revenue ($3.77B vs $745.97M). WAT leads profitability with a 11.9% profit margin vs -13.3%. WAT appears more attractively valued with a PEG of 1.64. WAT earns a higher WallStSmart Score of 50/100 (C-).

NEO

Hold

46

out of 100

Grade: D+

Growth: 8.0Profit: 2.0Value: 6.3Quality: 6.5
Piotroski: 3/9Altman Z: 1.04

WAT

Buy

50

out of 100

Grade: C-

Growth: 5.3Profit: 5.0Value: 3.3Quality: 7.0
Piotroski: 2/9Altman Z: 4.85
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

NEOUndervalued (+77.5%)

Margin of Safety

+77.5%

Fair Value

$50.82

Current Price

$15.88

$34.94 discount

UndervaluedFair: $50.82Overvalued
WATSignificantly Overvalued (-81.9%)

Margin of Safety

-81.9%

Fair Value

$180.97

Current Price

$379.48

$198.51 premium

UndervaluedFair: $180.97Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NEO2 strengths · Avg: 9.0/10
EPS GrowthGrowth
130.6%10/10

Earnings expanding 130.6% YoY

Price/BookValuation
2.5x8/10

Reasonable price relative to book value

WAT3 strengths · Avg: 9.3/10
Revenue GrowthGrowth
91.4%10/10

Revenue surging 91.4% year-over-year

Altman Z-ScoreHealth
4.8510/10

Safe zone — low bankruptcy risk

Price/BookValuation
2.4x8/10

Reasonable price relative to book value

Areas to Watch

NEO4 concerns · Avg: 3.0/10
PEG RatioValuation
2.094/10

Expensive relative to growth rate

Market CapQuality
$1.88B3/10

Smaller company, higher risk/reward

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Return on EquityProfitability
-12.0%2/10

ROE of -12.0% — below average capital efficiency

WAT4 concerns · Avg: 3.3/10
PEG RatioValuation
1.644/10

Expensive relative to growth rate

Return on EquityProfitability
2.9%3/10

ROE of 2.9% — below average capital efficiency

Operating MarginProfitability
2.8%3/10

Operating margin of 2.8%

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Comparative Analysis Report

WallStSmart Research

Bull Case : NEO

The strongest argument for NEO centers on EPS Growth, Price/Book. Revenue growth of 11.1% demonstrates continued momentum.

Bull Case : WAT

The strongest argument for WAT centers on Revenue Growth, Altman Z-Score, Price/Book. Revenue growth of 91.4% demonstrates continued momentum.

Bear Case : NEO

The primary concerns for NEO are PEG Ratio, Market Cap, Piotroski F-Score.

Bear Case : WAT

The primary concerns for WAT are PEG Ratio, Return on Equity, Operating Margin. A P/E of 46.9x leaves little room for execution misses.

Key Dynamics to Monitor

NEO profiles as a turnaround stock while WAT is a growth play — different risk/reward profiles.

NEO carries more volatility with a beta of 1.74 — expect wider price swings.

WAT is growing revenue faster at 91.4% — sustainability is the question.

NEO generates stronger free cash flow (-13M), providing more financial flexibility.

Bottom Line

WAT scores higher overall (50/100 vs 46/100) and 91.4% revenue growth. NEO offers better value entry with a 77.5% margin of safety. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

NeoGenomics Inc

HEALTHCARE · DIAGNOSTICS & RESEARCH · USA

NeoGenomics, Inc. operates a network of cancer-focused testing laboratories in the United States, Europe, and Asia. The company is headquartered in Fort Myers, Florida.

Waters Corporation

HEALTHCARE · DIAGNOSTICS & RESEARCH · USA

Waters Corporation is a publicly traded Analytical Laboratory instrument and software company headquartered in Milford, Massachusetts.

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