What is Neogen's free cash flow yield?

Neogen (NEOG) reported free cash flow yield of -3.4% in Q2 2024.

What is the long-term trend for Neogen's free cash flow yield?

Over 2 years (2021 to 2024), Neogen's free cash flow yield has grown at a 58.9% compound annual growth rate (CAGR), from 1.1% to -2.8%.

What does free cash flow yield mean?

Trailing-twelve-month free cash flow divided by market capitalization at the quarter end. The cash return the business generates relative to its market price.

Neogen NEOG Free cash flow yield

Free cash flow yield at other companies

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3.7%+0.1pp

Idexx LaboratoriesIDXX

2.4%-0.1pp

ZoetisZTS

4.5%+1.5pp

RevvityRVTY

5%+0.9pp

Agilent TechnologiesA

3.3%-0.6pp

Bio-Rad LaboratoriesBIO

4.7%-0.5pp

Other financials

Income statement

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Revenue$211.2M-4.4%

Gross profit$99.0M-10.2%

Operating income-$3.3M-161%

Net income-$17.0M-56.0%

EPS (diluted)-$0.08-60.0%

Balance sheet

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Cash & equivalents$159.9M+25.2%

Total debt$793.3M-11.2%

Total equity$2.1B-21.0%

Total assets$3.4B-16.8%

Cash flow

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Operating cash flow$22.7M+16.7%

CapEx$11.6M-64.7%

Free cash flow$11.1M+182%

Valuation

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Market cap$2B+86.4%

Enterprise value$2.63B+41.6%

P/S2.3×+1.1×

Profitability

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Gross margin45.2%-3.6pp

Operating margin-73.1%+77.7pp

Net margin-69.9%+30.8pp

FCF margin-14%—

Returns & leverage

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Return on equity-25.6%+28.8pp

Debt / equity0.4×0.0×

Current ratio3.9×0.0×

Where this comes from

Calculated from Neogen’s reported figures.

free cash flow/market cap=-3.4%

Based on trailing twelve months.

The official record: Neogen’s 10-Q, filed October 10, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Neogen's free cash flow yield?: Neogen (NEOG) reported free cash flow yield of -3.4% in Q2 2024.
What is the long-term trend for Neogen's free cash flow yield?: Over 2 years (2021 to 2024), Neogen's free cash flow yield has grown at a 58.9% compound annual growth rate (CAGR), from 1.1% to -2.8%.
What does free cash flow yield mean?: Trailing-twelve-month free cash flow divided by market capitalization at the quarter end. The cash return the business generates relative to its market price.