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Laboratory Corporation of America Holdings operates as a life sciences company that provides vital information to help doctors, hospitals, pharmaceutical companies, researchers, and patients make clear and confident decisions. It operates in two segments, Labcorp Diagnostics and Labcorp Drug Development. The company offers various tests, such as blood chemistry analyses, urinalyses, blood cell counts, thyroid tests, PAP tests, hemoglobin A1C and vitamin D, prostate-specific antigens, tests for sexually transmitted diseases, hepatitis C tests, microbiology cultures and procedures, and alcohol and other substance-abuse tests. It also provides specialty testing services comprising gene-based and esoteric testing; advanced tests target specific diseases, including anatomic pathology/oncology, cardiovascular disease, coagulation, diagnostic genetics, endocrinology, infectious disease, women's health, pharmacogenetics, and parentage and donor testing; occupational testing services, medical drug monitoring services, chronic disease programs, and kidney stone prevention tests; and health and wellness services to employers and managed care organizations (MCOs), including health fairs, on-site and at-home testing, vaccinations, and health screenings. In addition, the company offers online and mobile applications to enable patients to check test results; and online applications for MCOs and accountable care organizations; and end-to-end drug development, medical device, and companion diagnostic development solutions from early-stage research to clinical development and commercial market access. It serves MCOs, pharmaceutical, biotechnology, medical device and diagnostics companies, governmental agencies, physicians and other healthcare providers, hospitals and health systems, employers, patients and consumers, contract research organizations, and independent clinical laboratories. The company was incorporated in 1994 and is headquartered in Burlington, North Carolina.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Laboratory Corporation of America Holdings operates a large clinical laboratory and drug-development services business, providing diagnostic testing, clinical trial support and related information services. Long-term growth may be driven by aging populations, rising demand for genomic and specialty testing, precision medicine and outsourced clinical trials, and the company may appear positioned to benefit from scale and diversified recurring revenue.
Principal risks include reimbursement and margin pressure from payors and regulators, regulatory and compliance exposure, competition from other labs and in‑house testing, and sensitivity to pharmaceutical R&D cyclicality.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 1582.60M | 3126.60M | 2219.10M | 1104.90M | 1268.30M |
| Minority interest | -1.50M | -2.20M | 20.70M | 20.10M | 0.20M |
| Net income | 1279.10M | 2377.30M | 1556.10M | 823.80M | 883.70M |
| Selling general administrative | 1996.60M | 1952.10M | 1729.00M | 1624.50M | 1570.90M |
| Gross profit | 4385.10M | 5624.30M | 4952.80M | 3252.50M | 3176.40M |
| Reconciled depreciation | 633.90M | 745.10M | 624.70M | 577.20M | 552.10M |
| Ebit | 1773.90M | 3259.50M | 2445.40M | 1330.20M | 1553.10M |
| Ebitda | 2743.20M | 4116.70M | 3543.60M | 1968.60M | 2105.20M |
| Depreciation and amortization | 969.30M | 857.20M | 1098.20M | 638.40M | 552.10M |
| Non operating income net other | - | 79.20M | - | - | 186.80M |
| Operating income | 1773.90M | 3259.50M | 2445.40M | 1330.20M | 1325.70M |
| Other operating expenses | 12747.60M | 12818.30M | 11030.40M | 10170.00M | 9959.60M |
| Interest expense | 180.30M | 212.10M | 207.40M | 240.70M | 244.20M |
| Tax provision | 302.00M | 747.10M | 662.10M | 280.00M | 384.40M |
| Interest income | 166.00M | 175.40M | 194.20M | 212.30M | 225.10M |
| Net interest income | -180.30M | -212.10M | -207.40M | -240.70M | -244.20M |
| Extraordinary items | - | - | - | - | -44.90M |
| Non recurring | - | 43.10M | - | - | 48.10M |
| Income tax expense | 302.00M | 747.10M | 662.10M | 280.00M | 384.40M |
| Total revenue | 14876.80M | 16120.90M | 13978.50M | 11554.80M | 11333.40M |
| Total operating expenses | 2255.90M | 2321.70M | 2004.70M | 1867.70M | 1802.60M |
| Cost of revenue | 10491.70M | 10496.60M | 9025.70M | 8302.30M | 8157.00M |
| Total other income expense net | -191.30M | -132.90M | -226.30M | -225.30M | 138.70M |
| Net income from continuing ops | 1280.60M | 2379.50M | -0.90M | 824.90M | 883.90M |
| Net income applicable to common shares | 1279.10M | 2377.30M | -0.90M | 823.80M | 883.70M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 20155.10M | 20385.40M | 20071.70M | 18021.40M | 16185.30M |
| Intangible assets | 3946.90M | 3735.50M | 3961.10M | 4034.50M | 3911.10M |
| Other current assets | 707.00M | 478.10M | 364.80M | 373.70M | 309.00M |
| Total liab | 10058.50M | 10112.50M | 10712.00M | 10454.40M | 9213.90M |
| Total stockholder equity | 10096.60M | 10272.90M | 9359.70M | 7567.00M | 6971.40M |
| Deferred long term liab | - | 762.90M | - | - | 940.00M |
| Other current liab | 1068.80M | 1404.10M | 1357.70M | 942.40M | 870.00M |
| Common stock | 8.10M | 8.50M | 9.00M | 9.00M | 11.70M |
| Capital stock | 8.10M | 8.50M | 9.00M | 9.00M | 11.70M |
| Retained earnings | 10581.70M | 10456.40M | 9402.30M | 7903.60M | 7079.80M |
| Other liab | 1079.30M | 1165.40M | 1431.80M | 1326.00M | 1274.00M |
| Good will | 8121.00M | 7958.90M | 7751.50M | 7865.00M | 7360.30M |
| Other assets | 440.30M | 484.20M | 350.90M | 356.50M | 277.70M |
| Cash | 430.00M | 1472.70M | 1320.80M | 337.50M | 426.80M |
| Cash and equivalents | 430.00M | 1472.70M | 1320.80M | 337.50M | 426.80M |
| Total current liabilities | 3078.50M | 2782.90M | 3078.50M | 2646.80M | 1878.90M |
| Current deferred revenue | 582.10M | 558.50M | 506.50M | 451.00M | 356.40M |
| Net debt | 5864.90M | 4869.90M | 5435.60M | 6745.10M | 5633.00M |
| Short term debt | 492.80M | 199.00M | 575.40M | 621.10M | 17.90M |
| Short long term debt | 301.30M | 1.50M | 376.70M | 415.20M | 10.00M |
| Short long term debt total | 6294.90M | 6342.60M | 6756.40M | 7082.60M | 6059.80M |
| Other stockholder equity | -493.20M | -192.00M | 110.30M | 26.80M | 343.00M |
| Property plant equipment | 2956.20M | 2815.40M | 2809.30M | 2724.30M | 1784.70M |
| Total current assets | 4625.00M | 5330.50M | 5125.40M | 2981.20M | 2835.40M |
| Long term investments | 65.70M | 60.90M | 73.50M | 84.90M | 60.50M |
| Net tangible assets | -1971.30M | -1421.50M | -2352.90M | -4332.50M | -4300.00M |
| Short term investments | - | - | 73.00M | 9.10M | - |
| Net receivables | 3017.40M | 2978.30M | 3016.60M | 2025.30M | 1862.30M |
| Long term debt | 5038.80M | 5416.50M | 5419.00M | 5789.80M | 6041.90M |
| Inventory | 470.60M | 401.40M | 423.20M | 244.70M | 237.30M |
| Accounts payable | 934.80M | 621.30M | 638.90M | 632.30M | 634.60M |
| Noncontrolling interest in consolidated entity | - | 20.60M | - | - | 19.10M |
| Accumulated other comprehensive income | -493.20M | -192.00M | -161.90M | -372.40M | -463.10M |
| Common stock total equity | - | 8.50M | 9.00M | 9.00M | 11.70M |
| Retained earnings total equity | - | 10456.80M | - | - | 7079.80M |
| Treasury stock | - | - | - | - | -1108.10M |
| Non currrent assets other | 432.70M | 462.60M | 410.00M | 435.40M | 231.60M |
| Non current assets total | 15530.10M | 15054.90M | 14946.30M | 15040.20M | 13349.90M |
| Capital lease obligations | 954.80M | 924.60M | 960.70M | 902.60M | 58.90M |
| Long term debt total | 5122.40M | 5501.10M | 5503.40M | 5880.90M | 6041.90M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -1652.20M | -14.60M | -643.20M | -1283.10M | -4.00M |
| Change to liabilities | 342.40M | 34.80M | 43.10M | 25.30M | 37.30M |
| Total cashflows from investing activities | -1652.20M | -884.60M | -643.20M | -1283.10M | 206.70M |
| Net borrowings | - | -375.00M | -412.20M | 210.10M | -409.30M |
| Total cash from financing activities | -1322.20M | -2065.80M | -517.40M | -252.70M | -1389.90M |
| Change to operating activities | -816.20M | -344.10M | 252.50M | -174.70M | -30.10M |
| Net income | 1280.60M | 2379.50M | 1557.00M | 824.90M | 883.90M |
| Change in cash | -1042.70M | 151.90M | 983.30M | -89.30M | 110.20M |
| Begin period cash flow | 1472.70M | 1320.80M | 337.50M | 426.80M | 316.60M |
| End period cash flow | 430.00M | 1472.70M | 1320.80M | 337.50M | 426.80M |
| Total cash from operating activities | 1955.90M | 3109.60M | 2135.30M | 1444.70M | 1305.40M |
| Issuance of capital stock | 50.60M | 51.70M | 55.90M | 64.70M | 69.10M |
| Depreciation | 633.90M | 745.10M | 624.70M | 577.20M | 552.10M |
| Other cashflows from investing activities | -1170.30M | -424.20M | 3.10M | 1.70M | 590.50M |
| Dividends paid | -195.20M | -1000.00M | -151.70M | -2395.00M | 467.20M |
| Change to inventory | -45.50M | 2.80M | -196.60M | -21.90M | -18.90M |
| Change to account receivables | 15.90M | 222.00M | -913.40M | -64.10M | 50.20M |
| Sale purchase of stock | -1100.00M | -1668.50M | -100.00M | -450.00M | -700.00M |
| Other cashflows from financing activities | 709.80M | 1926.00M | 242.30M | 4712.50M | 880.00M |
| Change to netincome | 646.30M | 56.00M | 611.10M | 144.00M | -60.50M |
| Capital expenditures | 481.90M | 460.40M | 381.70M | 400.20M | 379.80M |
| Change receivables | - | - | - | - | -30.80M |
| Cash flows other operating | - | - | - | - | -57.70M |
| Exchange rate changes | - | - | - | - | -12.00M |
| Cash and cash equivalents changes | - | - | - | - | 110.20M |
| Change in working capital | -603.40M | -263.70M | -856.90M | -294.40M | -70.30M |
| Stock based compensation | 144.10M | 153.70M | 111.70M | 107.00M | 91.60M |
| Other non cash items | 482.40M | 170.90M | 745.80M | 200.80M | -174.10M |
| Free cash flow | 1474.00M | 2649.20M | 1753.60M | 1044.50M | 925.60M |
Sector: Healthcare Industry: Diagnostics & Research
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| LH Labcorp Holdings Inc. |
6.01 1.64% |
372.58 | 23.09 | 15.17 | 1.25 | 2.37 | 1.61 | 12.59 |
| TMO Thermo Fisher Scientific Inc |
12.74 1.83% |
707.50 | 34.71 | 23.87 | 4.62 | 4.43 | 5.29 | 20.89 |
| DHR Danaher Corporation |
3.52 1.53% |
233.77 | 29.09 | 28.01 | 5.67 | 3.20 | 6.00 | 19.09 |
| WUXIF WuXi AppTec Co. Ltd |
-0.93 3.65% |
24.52 | 22.29 | 17.95 | 1.53 | 5.98 | 8.39 | 14.30 |
| WUXAY WuXi AppTec Co. Ltd |
1.01 4.03% |
26.02 | 23.28 | 18.73 | 1.51 | 6.24 | 8.39 | 14.30 |
Laboratory Corporation of America Holdings operates as a life sciences company that provides vital information to help doctors, hospitals, pharmaceutical companies, researchers, and patients make clear and confident decisions. It operates in two segments, Labcorp Diagnostics and Labcorp Drug Development. The company offers various tests, such as blood chemistry analyses, urinalyses, blood cell counts, thyroid tests, PAP tests, hemoglobin A1C and vitamin D, prostate-specific antigens, tests for sexually transmitted diseases, hepatitis C tests, microbiology cultures and procedures, and alcohol and other substance-abuse tests. It also provides specialty testing services comprising gene-based and esoteric testing; advanced tests target specific diseases, including anatomic pathology/oncology, cardiovascular disease, coagulation, diagnostic genetics, endocrinology, infectious disease, women's health, pharmacogenetics, and parentage and donor testing; occupational testing services, medical drug monitoring services, chronic disease programs, and kidney stone prevention tests; and health and wellness services to employers and managed care organizations (MCOs), including health fairs, on-site and at-home testing, vaccinations, and health screenings. In addition, the company offers online and mobile applications to enable patients to check test results; and online applications for MCOs and accountable care organizations; and end-to-end drug development, medical device, and companion diagnostic development solutions from early-stage research to clinical development and commercial market access. It serves MCOs, pharmaceutical, biotechnology, medical device and diagnostics companies, governmental agencies, physicians and other healthcare providers, hospitals and health systems, employers, patients and consumers, contract research organizations, and independent clinical laboratories. The company was incorporated in 1994 and is headquartered in Burlington, North Carolina.
358 South Main Street, Burlington, NC, United States, 27215
336 229 1127
60000
| Name | Title | Year Born |
|---|---|---|
| Mr. Adam H. Schechter | Pres, CEO & Chairman | 1965 |
| Mr. Glenn A. Eisenberg | CFO & Exec. VP | 1961 |
| Dr. Brian J. Caveney M.P.H., M.D., J.D., MPH | Exec. VP, Pres of Diagnostics & Chief Medical Officer | 1974 |
| Mr. Mark S. Schroeder | Exec. VP and Pres of Diagnostics Laboratory Operations & Global Supply Chain | 1961 |
| Dr. Paul R. Kirchgraber M.D. | Exec. VP & CEO of Covance Drug Devel. | 1962 |
| Dr. Michelle Abelson Ph.D. | Laboratory Director of Operations | NA |
| Mr. Peter J. Wilkinson | Sr. VP & Chief Accounting Officer | 1972 |
| Mr. Lance V. Berberian | Exec. VP and Chief Information & Technology Officer | 1963 |
| Dr. Marcia T. Eisenberg Ph.D. | Chief Scientific Officer & Sr. VP | 1960 |
| Chas Cook | VP of Investor Relations | NA |
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