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MEDPACE HOLDINGS INC (MEDP) Stock Fundamental Analysis

NASDAQ:MEDP - Nasdaq - US58506Q1094 - Common Stock - Currency: USD

297.92  -3.06 (-1.02%)

After market: 297.92 0 (0%)

Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to MEDP. MEDP was compared to 55 industry peers in the Life Sciences Tools & Services industry. MEDP gets an excellent profitability rating and is at the same time showing great financial health properties. MEDP has a correct valuation and a medium growth rate. This makes MEDP very considerable for quality investing!


Dividend Valuation Growth Profitability Health

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9

1. Profitability

1.1 Basic Checks

MEDP had positive earnings in the past year.
MEDP had a positive operating cash flow in the past year.
In the past 5 years MEDP has always been profitable.
Each year in the past 5 years MEDP had a positive operating cash flow.
MEDP Yearly Net Income VS EBIT VS OCF VS FCFMEDP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M

1.2 Ratios

MEDP has a better Return On Assets (21.95%) than 98.18% of its industry peers.
MEDP has a better Return On Equity (70.14%) than 98.18% of its industry peers.
MEDP has a better Return On Invested Capital (49.81%) than 100.00% of its industry peers.
MEDP had an Average Return On Invested Capital over the past 3 years of 38.75%. This is significantly above the industry average of 13.60%.
The 3 year average ROIC (38.75%) for MEDP is below the current ROIC(49.81%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 21.95%
ROE 70.14%
ROIC 49.81%
ROA(3y)18.14%
ROA(5y)15.16%
ROE(3y)54.33%
ROE(5y)40%
ROIC(3y)38.75%
ROIC(5y)29.27%
MEDP Yearly ROA, ROE, ROICMEDP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

1.3 Margins

MEDP has a Profit Margin of 19.31%. This is amongst the best in the industry. MEDP outperforms 96.36% of its industry peers.
In the last couple of years the Profit Margin of MEDP has grown nicely.
MEDP's Operating Margin of 21.16% is amongst the best of the industry. MEDP outperforms 89.09% of its industry peers.
MEDP's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 31.51%, MEDP is doing worse than 72.73% of the companies in the same industry.
In the last couple of years the Gross Margin of MEDP has grown nicely.
Industry RankSector Rank
OM 21.16%
PM (TTM) 19.31%
GM 31.51%
OM growth 3Y6.82%
OM growth 5Y7.46%
PM growth 3Y6.48%
PM growth 5Y10.5%
GM growth 3Y2.7%
GM growth 5Y1.75%
MEDP Yearly Profit, Operating, Gross MarginsMEDP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40

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8

2. Health

2.1 Basic Checks

MEDP has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for MEDP has been reduced compared to 1 year ago.
The number of shares outstanding for MEDP has been reduced compared to 5 years ago.
MEDP has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
MEDP Yearly Shares OutstandingMEDP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
MEDP Yearly Total Debt VS Total AssetsMEDP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

An Altman-Z score of 5.48 indicates that MEDP is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 5.48, MEDP belongs to the top of the industry, outperforming 87.27% of the companies in the same industry.
There is no outstanding debt for MEDP. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 5.48
ROIC/WACC4.9
WACC10.17%
MEDP Yearly LT Debt VS Equity VS FCFMEDP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

2.3 Liquidity

A Current Ratio of 0.73 indicates that MEDP may have some problems paying its short term obligations.
The Current ratio of MEDP (0.73) is worse than 92.73% of its industry peers.
MEDP has a Quick Ratio of 0.73. This is a bad value and indicates that MEDP is not financially healthy enough and could expect problems in meeting its short term obligations.
MEDP has a Quick ratio of 0.73. This is amonst the worse of the industry: MEDP underperforms 87.27% of its industry peers.
MEDP does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 0.73
Quick Ratio 0.73
MEDP Yearly Current Assets VS Current LiabilitesMEDP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 33.54% over the past year.
Measured over the past years, MEDP shows a very strong growth in Earnings Per Share. The EPS has been growing by 33.22% on average per year.
MEDP shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.87%.
Measured over the past years, MEDP shows a quite strong growth in Revenue. The Revenue has been growing by 19.62% on average per year.
EPS 1Y (TTM)33.54%
EPS 3Y37.96%
EPS 5Y33.22%
EPS Q2Q%14.69%
Revenue 1Y (TTM)9.87%
Revenue growth 3Y22.68%
Revenue growth 5Y19.62%
Sales Q2Q%9.3%

3.2 Future

Based on estimates for the next years, MEDP will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.31% on average per year.
The Revenue is expected to grow by 6.53% on average over the next years.
EPS Next Y2.47%
EPS Next 2Y3.06%
EPS Next 3Y5.7%
EPS Next 5Y8.31%
Revenue Next Year3.63%
Revenue Next 2Y3.54%
Revenue Next 3Y5.31%
Revenue Next 5Y6.53%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
MEDP Yearly Revenue VS EstimatesMEDP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 1B 2B 3B
MEDP Yearly EPS VS EstimatesMEDP Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 5 10 15 20 25

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5

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 22.74, the valuation of MEDP can be described as rather expensive.
Based on the Price/Earnings ratio, MEDP is valued a bit cheaper than the industry average as 74.55% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.32. MEDP is around the same levels.
With a Price/Forward Earnings ratio of 22.21, MEDP is valued on the expensive side.
Based on the Price/Forward Earnings ratio, MEDP is valued a bit cheaper than the industry average as 74.55% of the companies are valued more expensively.
MEDP's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.19.
Industry RankSector Rank
PE 22.74
Fwd PE 22.21
MEDP Price Earnings VS Forward Price EarningsMEDP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, MEDP is valued a bit cheaper than the industry average as 78.18% of the companies are valued more expensively.
MEDP's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MEDP is cheaper than 89.09% of the companies in the same industry.
Industry RankSector Rank
P/FCF 15.83
EV/EBITDA 16.73
MEDP Per share dataMEDP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of MEDP may justify a higher PE ratio.
PEG (NY)9.19
PEG (5Y)0.68
EPS Next 2Y3.06%
EPS Next 3Y5.7%

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0

5. Dividend

5.1 Amount

No dividends for MEDP!.
Industry RankSector Rank
Dividend Yield N/A

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MEDPACE HOLDINGS INC

NASDAQ:MEDP (6/17/2025, 8:00:01 PM)

After market: 297.92 0 (0%)

297.92

-3.06 (-1.02%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryLife Sciences Tools & Services
Earnings (Last)04-21 2025-04-21/amc
Earnings (Next)07-21 2025-07-21/amc
Inst Owners89.98%
Inst Owner Change-2.33%
Ins Owners0.54%
Ins Owner Change5.95%
Market Cap8.56B
Analysts70.59
Price Target306.75 (2.96%)
Short Float %13.82%
Short Ratio6.39
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)19.73%
Min EPS beat(2)17.84%
Max EPS beat(2)21.62%
EPS beat(4)4
Avg EPS beat(4)12.98%
Min EPS beat(4)6.19%
Max EPS beat(4)21.62%
EPS beat(8)7
Avg EPS beat(8)11.62%
EPS beat(12)11
Avg EPS beat(12)14.86%
EPS beat(16)15
Avg EPS beat(16)14.75%
Revenue beat(2)1
Avg Revenue beat(2)1.21%
Min Revenue beat(2)-1.63%
Max Revenue beat(2)4.04%
Revenue beat(4)1
Avg Revenue beat(4)-0.75%
Min Revenue beat(4)-3.35%
Max Revenue beat(4)4.04%
Revenue beat(8)3
Avg Revenue beat(8)-0.2%
Revenue beat(12)7
Avg Revenue beat(12)0.82%
Revenue beat(16)8
Avg Revenue beat(16)0.41%
PT rev (1m)0%
PT rev (3m)-14.14%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-3.07%
EPS NY rev (1m)0%
EPS NY rev (3m)2.57%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.83%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.91%
Valuation
Industry RankSector Rank
PE 22.74
Fwd PE 22.21
P/S 3.97
P/FCF 15.83
P/OCF 14.71
P/B 14.42
P/tB N/A
EV/EBITDA 16.73
EPS(TTM)13.1
EY4.4%
EPS(NY)13.42
Fwd EY4.5%
FCF(TTM)18.82
FCFY6.32%
OCF(TTM)20.25
OCFY6.8%
SpS75.04
BVpS20.65
TBVpS-3.58
PEG (NY)9.19
PEG (5Y)0.68
Profitability
Industry RankSector Rank
ROA 21.95%
ROE 70.14%
ROCE 58.88%
ROIC 49.81%
ROICexc 115.73%
ROICexgc N/A
OM 21.16%
PM (TTM) 19.31%
GM 31.51%
FCFM 25.08%
ROA(3y)18.14%
ROA(5y)15.16%
ROE(3y)54.33%
ROE(5y)40%
ROIC(3y)38.75%
ROIC(5y)29.27%
ROICexc(3y)71.87%
ROICexc(5y)52.56%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)47.22%
ROCE(5y)35.45%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y64.05%
ROICexc growth 5Y48.31%
OM growth 3Y6.82%
OM growth 5Y7.46%
PM growth 3Y6.48%
PM growth 5Y10.5%
GM growth 3Y2.7%
GM growth 5Y1.75%
F-Score8
Asset Turnover1.14
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 140.62%
Cap/Sales 1.9%
Interest Coverage 250
Cash Conversion 119.87%
Profit Quality 129.91%
Current Ratio 0.73
Quick Ratio 0.73
Altman-Z 5.48
F-Score8
WACC10.17%
ROIC/WACC4.9
Cap/Depr(3y)142.96%
Cap/Depr(5y)144.54%
Cap/Sales(3y)2.07%
Cap/Sales(5y)2.41%
Profit Quality(3y)141.71%
Profit Quality(5y)142.32%
High Growth Momentum
Growth
EPS 1Y (TTM)33.54%
EPS 3Y37.96%
EPS 5Y33.22%
EPS Q2Q%14.69%
EPS Next Y2.47%
EPS Next 2Y3.06%
EPS Next 3Y5.7%
EPS Next 5Y8.31%
Revenue 1Y (TTM)9.87%
Revenue growth 3Y22.68%
Revenue growth 5Y19.62%
Sales Q2Q%9.3%
Revenue Next Year3.63%
Revenue Next 2Y3.54%
Revenue Next 3Y5.31%
Revenue Next 5Y6.53%
EBIT growth 1Y28.65%
EBIT growth 3Y31.04%
EBIT growth 5Y28.55%
EBIT Next Year10.29%
EBIT Next 3Y8.11%
EBIT Next 5Y9.37%
FCF growth 1Y40.57%
FCF growth 3Y34.54%
FCF growth 5Y25.47%
OCF growth 1Y37.94%
OCF growth 3Y32.23%
OCF growth 5Y24.7%