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Best Diagnostics & Research stocks by quality

Of the 60 stocks listed here, 3 reach the maximum quality score. The median valuation of the group comes out at 26.7 times its free cash flow. Among those with the maximum score, the cheapest is Integrated Diagnostics Holdings (IDHC.L), at 11.3 times its free cash flow.

The Diagnostics & Research stocks with the highest scores from our fundamental analysis, ranked from best to worst quality, with their valuation (P/FCF). Click a stock for its full analysis.

#StockQuality scoreP/FCF
1Thyrocare Technologies Limited (THYROCARE.NS)10/1045.9x
2Medpace Holdings Inc (MEDP)10/1026.7x
3Integrated Diagnostics Holdings plc (IDHC.L)10/1011.3x
4Metropolis Healthcare Limited (METROPOLIS.NS)9/1036.5x
5KLEA HOLDING (ALKLH.PA)9/1012.5x
6WuXi AppTec Co., Ltd. (WUXIAT80.BK)8/100.4x
7Veracyte Inc (VCYT)8/1033.7x
8Qiagen N.V. (QIA.DE)8/1017.0x
9Qiagen NV (QGEN)8/1021.6x
10Mettler-toledo International Inc (MTD)8/1037.1x
11IDEXX Laboratories Inc (IDXX)8/1045.8x
12Clínica Baviera, S.A. (CBAV.MC)8/1019.6x
13bioMérieux S.A. (BIM.PA)8/1019.1x
14Amoy Diagnostics Co., Ltd. (300685.SZ)8/1025.7x
15WuXi AppTec Co., Ltd. (2359.HK)8/1039.0x
16Vijaya Diagnostic Centre Limited (VIJAYA.NS)7/10176.1x
17Syngene International Limited (SYNGENE.NS)7/1028.2x
18Natera Inc (NTRA)7/10n.d.
19Dr. Lal PathLabs Limited (LALPATHLAB.NS)7/1066.0x
20IQVIA Holdings Inc (IQV)7/1024.1x
21Illumina Inc (ILMN)7/1040.7x
22ICON PLC (ICLR)7/1022.2x
23Cryosite Limited (CTE.AX)7/10n.d.
24CareDx Inc (CDNA)7/1064.9x
25China Health Group Inc. (8225.HK)7/108.2x
26WuXi AppTec Co., Ltd. (603259.SS)7/1040.2x
27WuXi XDC Cayman Inc. (2268.HK)7/10174.7x
28Vimta Labs Limited (VIMTALABS.NS)6/1060.1x
29Twist Bioscience Corp (TWST)6/10n.d.
30Sai Life Sciences Limited (SAILIFE.NS)6/10n.d.
31Revvity Inc (RVTY)6/1033.2x
32Quantum Cyber NV (QUCY)6/10n.d.
33Precipio Inc (PRPO)6/10n.d.
34PT Prodia Widyahusada Tbk (PRDA.JK)6/109.1x
35Neogenomics Inc (NEO)6/10n.d.
36ENDRA Life Sciences Inc (NDRA)6/10n.d.
37Monash IVF Group Limited (MVF.AX)6/1010.0x
38MDxHealth SA (MDXH)6/10n.d.
39Lumibird SA (LBIRD.PA)6/1046.9x
40Krsnaa Diagnostics Limited (KRSNAA.NS)6/10n.d.
41ImExHS Limited (IME.AX)6/10n.d.
42Insight Molecular Diagnostics Inc (IMDX)6/10n.d.
43Guardant Health Inc (GH)6/10n.d.
44Eurofins Scientific SE (ERF.PA)6/1024.3x
45DiaSorin S.p.A. (DIA.MI)6/1019.5x
46Castle Biosciences Inc (CSTL)6/10n.d.
47BillionToOne Inc (BLLN)6/10n.d.
48Bangkok Genomics Innovation Public Company Limited (BKGI.BK)6/10n.d.
49Adaptive Biotechnologies Corp (ADPT)6/10n.d.
50Shanghai Rendu Biotechnology Co., Ltd. (688193.SS)6/10130.3x
51Mega Genomics Limited (6667.HK)6/10n.d.
52Joinn Laboratories(China)Co.,Ltd. (6127.HK)6/1058.5x
53BML, Inc. (4694.T)6/1012.8x
54H.U. Group Holdings, Inc. (4544.T)6/1011.6x
55Hangzhou Tigermed Consulting Co., Ltd (3347.HK)6/1036.6x
56Beijing Strong Biotechnologies,Inc. (300406.SZ)6/1013.2x
57Dian Diagnostics Group Co.,Ltd. (300244.SZ)6/106.9x
58Zhong Ji Longevity Science Group Limited (0767.HK)6/10n.d.
59Imagion Biosystems Limited (IBX.AX)5/9n.d.
60PT Diagnos Laboratorium Utama Tbk (DGNS.JK)5/9n.d.

Our quality score judges how solid a business is across 10 objective financial criteria (profitability, free cash flow growth, share buybacks, debt, return on capital). The P/FCF (price to free cash flow) shows whether the stock is cheap or expensive. Full method: our methodology.

To place these multiples against sector averages, the reference public sector data is Aswath Damodaran's (NYU Stern).

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