ICON Competitors

ICLR Stock  USD 329.50  0.41  0.12%   
ICON PLC competes with Mustang Bio, Moleculin Biotech, Seres Therapeutics, Madrigal Pharmaceuticals, and Equillium; as well as few others. The company conducts business under Life Sciences Tools & Services sector and is part of Health Care industry. Analyzing ICON PLC competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of ICON PLC to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out ICON PLC Correlation with its peers.
To learn how to invest in ICON Stock, please use our How to Invest in ICON PLC guide.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of ICON PLC competition on your existing holdings.
  
As of 03/28/2024, Return On Equity is likely to grow to 0.11, while Return On Capital Employed is likely to drop 0.07. At this time, ICON PLC's Asset Turnover is relatively stable compared to the past year.
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Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ICON PLC's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
328.33330.37332.41
Details
Intrinsic
Valuation
LowRealHigh
259.27261.31362.45
Details
Naive
Forecast
LowNextHigh
320.58322.62324.66
Details
15 Analysts
Consensus
LowTargetHigh
253.70278.79309.46
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as ICON PLC. Your research has to be compared to or analyzed against ICON PLC's peers to derive any actionable benefits. When done correctly, ICON PLC's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in ICON PLC.

ICON PLC Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between ICON PLC and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of ICON and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of ICON PLC does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
MEKA
MEMCRB
KAMCRB
MDWDEQ
MCRBMBIO
MDWDMDGL
  
High negative correlations   
MDWDKA
MDWDME
KAEQ
MDWDMCRB
MEEQ
EQMCRB

Risk-Adjusted Indicators

There is a big difference between ICON Stock performing well and ICON PLC Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze ICON PLC's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Cross Equities Net Income Analysis

Compare ICON PLC and related stocks such as Mustang Bio, Moleculin Biotech, and Clever Leaves Holdings Net Income Over Time
Select Fundamental
201020112012201320142015201620172018201920202021202220232024
MBIO(5.4 M)(5.4 M)(5.4 M)(5.4 M)(5.4 M)(5.4 M)(12.7 M)(31.3 M)(30.7 M)(48.2 M)(62.1 M)(64.1 M)(78.9 M)(51.6 M)(54.2 M)
MBRX(365.8 K)(365.8 K)(365.8 K)(365.8 K)(365.8 K)(365.8 K)(3.9 M)(9.8 M)(11.9 M)(13.2 M)(15 M)(8.9 M)(27.4 M)(29.8 M)(28.3 M)
CLVRW(48.1 M)(48.1 M)(48.1 M)(48.1 M)(48.1 M)(48.1 M)(48.1 M)(48.1 M)(48.1 M)(48.1 M)(41.4 M)(45.6 M)(66.1 M)(41.6 M)(43.7 M)
MCRB(3.1 M)(3.1 M)(3.1 M)(6.1 M)(16.7 M)(54.8 M)(91.6 M)(89.4 M)(98.9 M)(64.2 M)(86.5 M)(61.5 M)(253.8 M)(113.7 M)(119.4 M)
MDGL(381 K)(47.4 M)(62.8 M)(90.2 M)(86.2 M)(68.7 M)(26.4 M)(31.2 M)(32.8 M)(72.8 M)(197.4 M)(241.1 M)(299.3 M)(373.6 M)(354.9 M)
EQ(2.3 M)(2.3 M)(2.3 M)(2.3 M)(2.3 M)(2.3 M)(2.3 M)(2.3 M)(13.2 M)(25.6 M)(29.8 M)(39 M)(107.7 M)(13.3 M)(14 M)
KA(59.1 M)(59.1 M)(59.1 M)(59.1 M)(59.1 M)(59.1 M)(59.1 M)(59.1 M)(59.1 M)(59.1 M)(13.9 M)(12 M)(63.1 M)(14.1 M)(14.8 M)
ME(183.5 M)(183.5 M)(183.5 M)(183.5 M)(183.5 M)(183.5 M)(183.5 M)(183.5 M)(183.5 M)(289.3 M)(183.4 M)(217.5 M)(311.7 M)(280.5 M)(294.5 M)
MDWD(6.2 M)(6.2 M)10.9 M(15.4 M)(18.9 M)(22.1 M)(18.9 M)(22.1 M)(1.1 M)3.7 M(9.6 M)(13.6 M)(19.6 M)(6.7 M)(7.1 M)

ICON PLC and related stocks such as Mustang Bio, Moleculin Biotech, and Clever Leaves Holdings Net Income description

Net income is one of the most important fundamental items in finance. It plays a large role in ICON PLC financial statement analysis. It represents the amount of money remaining after all of ICON PLC operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

ICON PLC Competitive Analysis

The better you understand ICON PLC competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, ICON PLC's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across ICON PLC's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
ICLRMBIOMBRXCLVRWMCRBMDGLEQKAMEMDWD
 0.12 
 329.50 
ICON
 1.08 
 0.94 
Mustang
 18.38 
 5.54 
Moleculin
 2.94 
 0.04 
Clever
 4.00 
 0.78 
Seres
 4.52 
 258.81 
Madrigal
 15.57 
 2.06 
Equillium
 5.45 
 0.52 
Kineta
 4.08 
 0.51 
23Andme
 2.96 
 15.10 
Mediwound
Market Volatility
(90 Days Market Risk)
Market Performance
(90 Days Performance)
Odds of Financial Distress
(Probability Of Bankruptcy)
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(Equity Enterprise Value)
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(Average Analysts Consensus)
Not Available
Trade Advice
(90 Days Macroaxis Advice)
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ICON PLC Competition Performance Charts

Five steps to successful analysis of ICON PLC Competition

ICON PLC's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by ICON PLC in relation to its competition. ICON PLC's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of ICON PLC in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact ICON PLC's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to ICON PLC, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your ICON PLC position

In addition to having ICON PLC in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Companies involved in production of aluminum. The Aluminum theme has 48 constituents at this time.
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When determining whether ICON PLC is a strong investment it is important to analyze ICON PLC's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ICON PLC's future performance. For an informed investment choice regarding ICON Stock, refer to the following important reports:
Check out ICON PLC Correlation with its peers.
To learn how to invest in ICON Stock, please use our How to Invest in ICON PLC guide.
You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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When running ICON PLC's price analysis, check to measure ICON PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ICON PLC is operating at the current time. Most of ICON PLC's value examination focuses on studying past and present price action to predict the probability of ICON PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ICON PLC's price. Additionally, you may evaluate how the addition of ICON PLC to your portfolios can decrease your overall portfolio volatility.
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Is ICON PLC's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ICON PLC. If investors know ICON will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ICON PLC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.816
Earnings Share
7.4
Revenue Per Share
98.904
Quarterly Revenue Growth
0.053
Return On Assets
0.0383
The market value of ICON PLC is measured differently than its book value, which is the value of ICON that is recorded on the company's balance sheet. Investors also form their own opinion of ICON PLC's value that differs from its market value or its book value, called intrinsic value, which is ICON PLC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ICON PLC's market value can be influenced by many factors that don't directly affect ICON PLC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ICON PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if ICON PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ICON PLC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.