Financials Quest Diagnostics Incorporated

Equities

DGX

US74834L1008

Healthcare Facilities & Services

Real-time Estimate Cboe BZX 01:07:24 2024-05-24 pm EDT 5-day change 1st Jan Change
140.9 USD +0.64% Intraday chart for Quest Diagnostics Incorporated -2.33% +2.24%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 14,384 16,060 21,224 17,817 15,503 15,557 - -
Enterprise Value (EV) 1 17,962 18,917 24,364 21,482 19,683 19,644 19,071 18,753
P/E ratio 17 x 11.4 x 11.1 x 19.6 x 18.4 x 17.9 x 16.4 x 14.8 x
Yield 1.99% 1.88% 1.53% 1.69% - 2.11% 2.13% 2.16%
Capitalization / Revenue 1.86 x 1.7 x 1.97 x 1.8 x 1.68 x 1.65 x 1.59 x 1.54 x
EV / Revenue 2.32 x 2 x 2.26 x 2.17 x 2.13 x 2.08 x 1.95 x 1.86 x
EV / EBITDA 11.6 x 7.66 x 8.49 x 10.4 x 11 x 10.4 x 9.57 x 8.94 x
EV / FCF 21.3 x 11.9 x 13.3 x 16.3 x 22.8 x 22.2 x 17.6 x 15.1 x
FCF Yield 4.69% 8.39% 7.51% 6.12% 4.39% 4.51% 5.68% 6.61%
Price to Book 2.52 x 2.34 x 3.19 x 2.95 x - 2.28 x 2.09 x 1.91 x
Nbr of stocks (in thousands) 134,697 134,766 122,675 113,887 112,435 111,092 - -
Reference price 2 106.8 119.2 173.0 156.4 137.9 140.0 140.0 140.0
Announcement Date 1/30/20 2/4/21 2/3/22 2/2/23 2/1/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 7,726 9,437 10,788 9,883 9,252 9,447 9,762 10,098
EBITDA 1 1,549 2,468 2,870 2,059 1,788 1,887 1,993 2,099
EBIT 1 1,220 2,107 2,462 1,742 1,457 1,515 1,611 1,715
Operating Margin 15.79% 22.33% 22.82% 17.63% 15.75% 16.03% 16.5% 16.99%
Earnings before Tax (EBT) 1 1,076 1,884 2,599 1,235 1,130 1,198 1,285 1,399
Net income 1 858 1,431 1,995 946 854 894 961.6 1,050
Net margin 11.11% 15.16% 18.49% 9.57% 9.23% 9.46% 9.85% 10.4%
EPS 2 6.280 10.47 15.55 7.970 7.490 7.812 8.518 9.441
Free Cash Flow 1 843 1,587 1,830 1,314 864 886.1 1,082 1,239
FCF margin 10.91% 16.82% 16.96% 13.3% 9.34% 9.38% 11.09% 12.27%
FCF Conversion (EBITDA) 54.42% 64.3% 63.76% 63.82% 48.32% 46.95% 54.31% 59.05%
FCF Conversion (Net income) 98.25% 110.9% 91.73% 138.9% 101.17% 99.12% 112.57% 118.03%
Dividend per Share 2 2.120 2.240 2.640 2.640 - 2.956 2.977 3.029
Announcement Date 1/30/20 2/4/21 2/3/22 2/2/23 2/1/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 2,744 2,611 2,453 2,486 2,333 2,331 2,338 2,295 2,288 2,366 2,394 2,363 2,330 2,444 2,481
EBITDA 1 659 660 515 504 407 431 473 464 420 436 487.2 484.5 462.1 460.6 505.6
EBIT 1 553 554 435 423 330 350 389 380 338 349 404.7 398.4 365 373.8 430.3
Operating Margin 20.15% 21.22% 17.73% 17.02% 14.14% 15.02% 16.64% 16.56% 14.77% 14.75% 16.9% 16.86% 15.66% 15.29% 17.35%
Earnings before Tax (EBT) 1 502 452 323 351 109 277 317 299 237 266 318 313 286 285 333.5
Net income 1 390 355 234 256 101 202 235 225 192 194 236 232.7 207.7 211.4 251.3
Net margin 14.21% 13.6% 9.54% 10.3% 4.33% 8.67% 10.05% 9.8% 8.39% 8.2% 9.86% 9.85% 8.92% 8.65% 10.13%
EPS 2 3.120 2.920 1.960 2.170 0.8700 1.780 2.050 1.960 1.700 1.720 2.069 2.055 1.837 1.896 2.265
Dividend per Share 2 0.6200 0.6600 0.6600 0.6600 0.6600 0.7100 0.7100 - - - 0.7500 0.7500 0.7500 0.7470 0.7744
Announcement Date 2/3/22 4/21/22 7/21/22 10/20/22 2/2/23 4/27/23 7/26/23 10/24/23 2/1/24 4/23/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,578 2,857 3,140 3,665 4,180 4,087 3,513 3,196
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.31 x 1.158 x 1.094 x 1.78 x 2.338 x 2.165 x 1.763 x 1.523 x
Free Cash Flow 1 843 1,587 1,830 1,314 864 886 1,082 1,239
ROE (net income / shareholders' equity) 16.5% 24.6% 28.4% 19.1% 14% 15.1% 14.9% 14.9%
ROA (Net income/ Total Assets) 7.51% 11.4% 13.2% 8.93% 6.36% 7.02% 7.31% 7.72%
Assets 1 11,417 12,590 15,091 10,593 13,430 12,742 13,155 13,597
Book Value Per Share 2 42.40 50.80 54.20 53.10 - 61.50 66.90 73.20
Cash Flow per Share 2 9.140 6.780 17.40 14.60 11.30 11.60 14.60 14.70
Capex 1 400 418 403 404 408 421 428 433
Capex / Sales 5.18% 4.43% 3.74% 4.09% 4.41% 4.46% 4.39% 4.29%
Announcement Date 1/30/20 2/4/21 2/3/22 2/2/23 2/1/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
140 USD
Average target price
146.8 USD
Spread / Average Target
+4.83%
Consensus
  1. Stock Market
  2. Equities
  3. DGX Stock
  4. Financials Quest Diagnostics Incorporated