Medpace Holdings
Market Cap
US$5.0b
Last Updated
2021/01/15 23:55 UTC
Data Sources
Company Financials +
Executive Summary
Medpace Holdings, Inc., a clinical contract research organization, provides scientifically-driven outsourced clinical development services to the biotechnology, pharmaceutical, and medical device industries worldwide. More Details
Rewards
PE ratio (40.8x) is below the Life Sciences industry average (46.8x)
Risk Analysis
No risks detected for MEDP from our risk checks.
Snowflake Analysis
Flawless balance sheet with proven track record.
Similar Companies
Share Price & News
How has Medpace Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MEDP is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: MEDP's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-0.3%
MEDP
0.3%
US Life Sciences
-0.9%
US Market
1 Year Return
55.5%
MEDP
45.7%
US Life Sciences
19.6%
US Market
Return vs Industry: MEDP exceeded the US Life Sciences industry which returned 45% over the past year.
Return vs Market: MEDP exceeded the US Market which returned 21% over the past year.
Shareholder returns
| MEDP | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.3% | 0.3% | -0.9% |
| 30 Day | -2.7% | 9.6% | 3.0% |
| 90 Day | 14.3% | 14.5% | 11.5% |
| 1 Year | 55.5%55.5% | 46.0%45.7% | 22.3%19.6% |
| 3 Year | 268.2%268.2% | 110.2%108.8% | 45.3%35.7% |
| 5 Year | n/a | 227.2%223.2% | 124.8%99.9% |
Long-Term Price Volatility Vs. Market
How volatile is Medpace Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Does Medpace Holdings (NASDAQ:MEDP) Deserve A Spot On Your Watchlist?1 month ago | Simply Wall St
Are Robust Financials Driving The Recent Rally In Medpace Holdings, Inc.'s (NASDAQ:MEDP) Stock?1 month ago | Simply Wall St
Medpace Holdings (NASDAQ:MEDP) Shareholders Have Enjoyed An Impressive 282% Share Price GainValuation
Is Medpace Holdings undervalued compared to its fair value and its price relative to the market?
40.77x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MEDP ($141.4) is trading above our estimate of fair value ($97.71)
Significantly Below Fair Value: MEDP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MEDP is good value based on its PE Ratio (40.8x) compared to the US Life Sciences industry average (46.8x).
PE vs Market: MEDP is poor value based on its PE Ratio (40.8x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: MEDP is poor value based on its PEG Ratio (3x)
Price to Book Ratio
PB vs Industry: MEDP is good value based on its PB Ratio (6.4x) compared to the US Life Sciences industry average (8.5x).
Next Steps
Future Growth
How is Medpace Holdings forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
13.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MEDP's forecast earnings growth (13.5% per year) is above the savings rate (2%).
Earnings vs Market: MEDP's earnings (13.5% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: MEDP's earnings are forecast to grow, but not significantly.
Revenue vs Market: MEDP's revenue (14.1% per year) is forecast to grow faster than the US market (10.2% per year).
High Growth Revenue: MEDP's revenue (14.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MEDP's Return on Equity is forecast to be low in 3 years time (18.4%).
Next Steps
Past Performance
How has Medpace Holdings performed over the past 5 years?
53.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MEDP has high quality earnings.
Growing Profit Margin: MEDP's current net profit margins (13.8%) are higher than last year (11.3%).
Past Earnings Growth Analysis
Earnings Trend: MEDP has become profitable over the past 5 years, growing earnings by 53.3% per year.
Accelerating Growth: MEDP's earnings growth over the past year (33.1%) is below its 5-year average (53.3% per year).
Earnings vs Industry: MEDP earnings growth over the past year (33.1%) exceeded the Life Sciences industry 30.4%.
Return on Equity
High ROE: MEDP's Return on Equity (15.7%) is considered low.
Next Steps
Financial Health
How is Medpace Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: MEDP's short term assets ($395.0M) exceed its short term liabilities ($358.4M).
Long Term Liabilities: MEDP's short term assets ($395.0M) exceed its long term liabilities ($146.1M).
Debt to Equity History and Analysis
Debt Level: MEDP is debt free.
Reducing Debt: MEDP has no debt compared to 5 years ago when its debt to equity ratio was 99.2%.
Debt Coverage: MEDP has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: MEDP has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Medpace Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MEDP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MEDP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MEDP's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MEDP's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MEDP's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.2yrs
Average management tenure
CEO
August Troendle (64 yo)
28.5yrs
Tenure
US$7,712,835
Compensation
Dr. August James Troendle, M.D. has been the Chairman, Chief Executive Officer and President at Medpace Holdings, Inc. since July 1992. Dr. Troendle founded Medpace Holdings, Inc. in July 1992. He founded ...
CEO Compensation Analysis
Compensation vs Market: August's total compensation ($USD7.71M) is about average for companies of similar size in the US market ($USD6.20M).
Compensation vs Earnings: August's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 28.5yrs | US$7.71m | 20.14% $ 1.0b | |
| CFO & COO of Laboratory Operations | 9.83yrs | US$1.88m | 0.018% $ 902.4k | |
| Executive Vice President of Operations | 4yrs | US$2.43m | 0.21% $ 10.8m | |
| Chief Compliance Officer | 8.5yrs | US$1.25m | 0.039% $ 2.0m | |
| Vice President of Business Development & Marketing | no data | no data | no data | |
| Senior Vice President of Biometrics | no data | no data | no data | |
| Senior Vice President of Medical Department | no data | no data | no data | |
| Senior Vice President of Commercial Operations & Clinical Pharmacology Unit | no data | no data | no data | |
| Executive Director of Finance | no data | no data | no data |
9.2yrs
Average Tenure
54yo
Average Age
Experienced Management: MEDP's management team is seasoned and experienced (9.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 28.5yrs | US$7.71m | 20.14% $ 1.0b | |
| Lead Independent Director | 2.25yrs | US$142.60k | 0.0042% $ 212.3k | |
| Independent Director | 2.42yrs | US$135.10k | 0% $ 0 | |
| Independent Director | 1.25yrs | US$60.29k | 0% $ 0 | |
| Independent Director | 4.5yrs | US$144.99k | 0% $ 0 | |
| Independent Director | 4.5yrs | US$149.99k | 0% $ 0 | |
| Independent Director | 1.67yrs | US$114.94k | 0% $ 0 |
2.4yrs
Average Tenure
62yo
Average Age
Experienced Board: MEDP's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Medpace Holdings, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Medpace Holdings, Inc.
- Ticker: MEDP
- Exchange: NasdaqGS
- Founded: 1992
- Industry: Life Sciences Tools and Services
- Sector: Pharmaceuticals & Biotech
- Market Cap: US$5.030b
- Shares outstanding: 35.57m
- Website: https://www.medpace.com
Number of Employees
Location
- Medpace Holdings, Inc.
- 5375 Medpace Way
- Cincinnati
- Ohio
- 45227
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 01P | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Aug 2016 |
| MEDP | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Aug 2016 |
| MEDP * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Aug 2016 |
Biography
Medpace Holdings, Inc., a clinical contract research organization, provides scientifically-driven outsourced clinical development services to the biotechnology, pharmaceutical, and medical device industrie...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/15 23:55 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.