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Neogen Corp NEOG

Morningstar Rating
$12.12 +0.34 (2.89%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

NEOG is trading at a 37% discount.
Price
$11.71
Fair Value
$25.85
Uncertainty
Very High
1-Star Price
$82.99
5-Star Price
$18.14
Economic Moat
Bbw
Capital Allocation
Ltwmnyw
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News

Trading Information

Previous Close Price
$11.78
Day Range
$11.7712.33
52-Week Range
$11.4724.10
Bid/Ask
$12.11 / $12.12
Market Cap
$2.63 Bil
Volume/Avg
336,066 / 2.0 Mil

Key Statistics

Price/Earnings (Normalized)
24.53
Price/Sales
2.74
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield

Company Profile

Neogen Corporation, headquartered in Lansing, Michigan, develops, manufactures, and markets various products for food and animal safety. In food safety (70% of post-merger sales), Neogen performs diagnostics to detect unintended substances in food and animal feed, such as pathogens, allergens, and drug residues, for food and feed processing companies. In animal safety (20% of post-merger sales), Neogen sells veterinary instruments, pharmaceuticals, disinfectants, and genomics tests for animals, including cattle, horses, and canines. Sales in the United States account for 60% of total revenue, while international markets, including Canada, Europe, Asia, and Latin America, account for the remaining 40%.
Sector
Healthcare
Industry
Diagnostics & Research
Stock Style Box
Small Growth
Total Number of Employees
2,640

Comparables

Valuation

Metric
NEOG
688317
300942
Price/Earnings (Normalized)
24.5338.89
Price/Book Value
0.810.702.67
Price/Sales
2.744.278.92
Price/Cash Flow
20.8840.04
Price/Earnings
NEOG
688317
300942

Financial Strength

Metric
NEOG
688317
300942
Quick Ratio
2.1713.62
Current Ratio
3.8215.96
Interest Coverage
0.91
Quick Ratio
NEOG
688317
300942

Profitability

Metric
NEOG
688317
300942
Return on Assets (Normalized)
2.31%
Return on Equity (Normalized)
3.35%
Return on Invested Capital (Normalized)
3.92%
Return on Assets
NEOG
688317
300942
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Diagnostics & Research Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
TMO
Thermo Fisher Scientific IncKrkbjvbmYxfc$209.3 Bil
DHR
Danaher CorpJdtxnglbqLtmsmkw$174.8 Bil
IQV
IQVIA Holdings IncSmwcrydTkxdlb$41.3 Bil
IDXX
IDEXX Laboratories IncYvgflbtvmgFkpglx$39.6 Bil
A
Agilent Technologies IncLqqmqdmdRkvds$39.2 Bil
MTD
Mettler-Toledo International IncBgfbpyrdrPswbdp$25.5 Bil
ICLR
Icon PLCPgbkrkjlCdlwzv$24.6 Bil
ILMN
Illumina IncZpyzmsgqfYljzjy$18.6 Bil
WAT
Waters CorpDnsgsdkmRxtt$18.0 Bil
LH
Laboratory Corp of America HoldingsGhgwksdvyDybvgq$17.1 Bil

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