Icon Plc Stock Return On Equity

ICLR Stock

USD 212.76 9.09 4.46%

ICON PLC fundamentals help investors to digest information that contributes to ICON PLC's financial success or failures. It also enables traders to predict the movement of ICON Stock. The fundamental analysis module provides a way to measure ICON PLC's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ICON PLC stock.

		Last Reported	Projected for Next Year
	Return On Equity	0.07	0.11

As of 11/22/2024, Return On Equity is likely to grow to 0.11.

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

ICON PLC Company Return On Equity Analysis

ICON PLC's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.

Return On Equity

Net Income

Total Equity

More About Return On Equity | All Equity Analysis

Current ICON PLC Return On Equity

0.0799

Most of ICON PLC's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ICON PLC is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

ICON Return On Equity Driver Correlations

Understanding the fundamental principles of building solid financial models for ICON PLC is extremely important. It helps to project a fair market value of ICON Stock properly, considering its historical fundamentals such as Return On Equity. Since ICON PLC's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of ICON PLC's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of ICON PLC's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Short Term Investments	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Long Term Debt	Good Will	Intangible Assets	Property Plant Equipment	Current Deferred Revenue	Net Tangible Assets	Short Long Term Debt	Deferred Long Term Liab	Long Term Investments	Long Term Debt Total	Capital Surpluse	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		1.0	0.98	0.88	0.95	0.97	-0.73	1.0	0.95	-0.13	0.53	0.98	1.0	0.99	0.97	0.98	-0.98	-0.8	-0.42	0.87	0.64	0.72	0.95	-0.19	0.98
Total Stockholder Equity	1.0		0.96	0.91	0.96	0.98	-0.73	0.98	0.95	-0.13	0.51	0.96	1.0	0.98	0.98	0.99	-0.96	-0.78	-0.42	0.9	0.7	0.72	0.93	-0.17	0.97
Net Debt	0.98	0.96		0.77	0.87	0.9	-0.69	0.99	0.87	-0.06	0.52	0.99	0.98	1.0	0.91	0.93	-1.0	-0.76	-0.38	0.79	0.53	0.62	0.97	-0.31	0.99
Retained Earnings	0.88	0.91	0.77		0.96	0.96	-0.7	0.85	0.97	-0.2	0.5	0.78	0.87	0.82	0.94	0.94	-0.77	-0.73	-0.49	0.88	0.78	0.82	0.76	0.09	0.81
Accounts Payable	0.95	0.96	0.87	0.96		0.96	-0.78	0.92	0.96	-0.26	0.42	0.87	0.94	0.91	0.97	0.98	-0.88	-0.78	-0.46	0.94	0.8	0.77	0.85	-0.02	0.9
Net Receivables	0.97	0.98	0.9	0.96	0.96		-0.72	0.95	0.98	-0.15	0.52	0.9	0.96	0.92	0.97	0.99	-0.9	-0.78	-0.52	0.89	0.71	0.79	0.88	-0.06	0.92
Short Term Investments	-0.73	-0.73	-0.69	-0.7	-0.78	-0.72		-0.73	-0.75	0.5	-0.15	-0.69	-0.72	-0.71	-0.72	-0.73	0.68	0.8	0.41	-0.65	-0.47	-0.76	-0.7	-0.22	-0.7
Total Liab	1.0	0.98	0.99	0.85	0.92	0.95	-0.73		0.93	-0.13	0.54	0.99	0.99	1.0	0.96	0.97	-0.99	-0.81	-0.42	0.83	0.58	0.71	0.96	-0.2	0.98
Total Current Assets	0.95	0.95	0.87	0.97	0.96	0.98	-0.75	0.93		-0.23	0.55	0.88	0.93	0.9	0.97	0.97	-0.87	-0.83	-0.55	0.84	0.66	0.85	0.86	0.05	0.89
Short Term Debt	-0.13	-0.13	-0.06	-0.2	-0.26	-0.15	0.5	-0.13	-0.23		0.14	-0.1	-0.11	-0.1	-0.14	-0.21	0.07	0.61	0.02	-0.25	-0.04	-0.23	-0.12	-0.71	-0.08
Common Stock	0.53	0.51	0.52	0.5	0.42	0.52	-0.15	0.54	0.55	0.14		0.56	0.51	0.52	0.59	0.53	-0.54	-0.51	-0.26	0.32	0.22	0.48	0.61	-0.06	0.55
Long Term Debt	0.98	0.96	0.99	0.78	0.87	0.9	-0.69	0.99	0.88	-0.1	0.56		0.98	0.99	0.93	0.93	-0.99	-0.79	-0.35	0.78	0.5	0.64	0.97	-0.26	0.98
Good Will	1.0	1.0	0.98	0.87	0.94	0.96	-0.72	0.99	0.93	-0.11	0.51	0.98		0.99	0.96	0.98	-0.98	-0.78	-0.4	0.88	0.65	0.69	0.95	-0.22	0.99
Intangible Assets	0.99	0.98	1.0	0.82	0.91	0.92	-0.71	1.0	0.9	-0.1	0.52	0.99	0.99		0.94	0.95	-1.0	-0.78	-0.36	0.83	0.58	0.65	0.96	-0.26	0.99
Property Plant Equipment	0.97	0.98	0.91	0.94	0.97	0.97	-0.72	0.96	0.97	-0.14	0.59	0.93	0.96	0.94		0.98	-0.92	-0.79	-0.45	0.87	0.69	0.77	0.89	-0.13	0.93
Current Deferred Revenue	0.98	0.99	0.93	0.94	0.98	0.99	-0.73	0.97	0.97	-0.21	0.53	0.93	0.98	0.95	0.98		-0.93	-0.81	-0.45	0.92	0.71	0.74	0.91	-0.08	0.94
Net Tangible Assets	-0.98	-0.96	-1.0	-0.77	-0.88	-0.9	0.68	-0.99	-0.87	0.07	-0.54	-0.99	-0.98	-1.0	-0.92	-0.93		0.76	0.37	-0.8	-0.55	-0.62	-0.97	0.3	-0.99
Short Long Term Debt	-0.8	-0.78	-0.76	-0.73	-0.78	-0.78	0.8	-0.81	-0.83	0.61	-0.51	-0.79	-0.78	-0.78	-0.79	-0.81	0.76		0.35	-0.66	-0.38	-0.75	-0.83	-0.32	-0.78
Deferred Long Term Liab	-0.42	-0.42	-0.38	-0.49	-0.46	-0.52	0.41	-0.42	-0.55	0.02	-0.26	-0.35	-0.4	-0.36	-0.45	-0.45	0.37	0.35		-0.29	-0.3	-0.57	-0.33	-0.12	-0.34
Long Term Investments	0.87	0.9	0.79	0.88	0.94	0.89	-0.65	0.83	0.84	-0.25	0.32	0.78	0.88	0.83	0.87	0.92	-0.8	-0.66	-0.29		0.85	0.57	0.76	-0.1	0.84
Long Term Debt Total	0.64	0.7	0.53	0.78	0.8	0.71	-0.47	0.58	0.66	-0.04	0.22	0.5	0.65	0.58	0.69	0.71	-0.55	-0.38	-0.3	0.85		0.54	0.54	-0.06	0.62
Capital Surpluse	0.72	0.72	0.62	0.82	0.77	0.79	-0.76	0.71	0.85	-0.23	0.48	0.64	0.69	0.65	0.77	0.74	-0.62	-0.75	-0.57	0.57	0.54		0.71	0.27	0.67
Net Invested Capital	0.95	0.93	0.97	0.76	0.85	0.88	-0.7	0.96	0.86	-0.12	0.61	0.97	0.95	0.96	0.89	0.91	-0.97	-0.83	-0.33	0.76	0.54	0.71		-0.2	0.98
Net Working Capital	-0.19	-0.17	-0.31	0.09	-0.02	-0.06	-0.22	-0.2	0.05	-0.71	-0.06	-0.26	-0.22	-0.26	-0.13	-0.08	0.3	-0.32	-0.12	-0.1	-0.06	0.27	-0.2		-0.25
Capital Stock	0.98	0.97	0.99	0.81	0.9	0.92	-0.7	0.98	0.89	-0.08	0.55	0.98	0.99	0.99	0.93	0.94	-0.99	-0.78	-0.34	0.84	0.62	0.67	0.98	-0.25

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ICON Return On Equity Historical Pattern

Today, most investors in ICON PLC Stock are looking for potential investment opportunities by analyzing not only static indicators but also various ICON PLC's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's return on equity growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of ICON PLC return on equity as a starting point in their analysis.

ICON PLC Return On Equity

Timeline

For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.

Competition

Predict ICON PLC

Return On Equity Over Time

ICON Total Stockholder Equity

Total Stockholder Equity

9.7 Billion

At this time, ICON PLC's Total Stockholder Equity is relatively stable compared to the past year.

Based on the latest financial disclosure, ICON PLC has a Return On Equity of 0.0799. This is 100.33% lower than that of the Life Sciences Tools & Services sector and 101.2% lower than that of the Health Care industry. The return on equity for all United States stocks is 125.77% lower than that of the firm.

ICON Return On Equity Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ICON PLC's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ICON PLC could also be used in its relative valuation, which is a method of valuing ICON PLC by comparing valuation metrics of similar companies.

ICON PLC is currently under evaluation in return on equity category among its peers.

ICON PLC Current Valuation Drivers

We derive many important indicators used in calculating different scores of ICON PLC from analyzing ICON PLC's financial statements. These drivers represent accounts that assess ICON PLC's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of ICON PLC's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	9.3B	10.3B	20.8B	23.2B	20.9B	22.0B
Enterprise Value	9.2B	9.9B	25.6B	26.8B	24.1B	25.3B

ICON PLC ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, ICON PLC's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to ICON PLC's managers, analysts, and investors.

Environmental

Governance

Social

ICON Fundamentals

	Return On Equity	0.0799
	Return On Asset	0.0417
	Profit Margin	0.09 %
	Operating Margin	0.14 %
	Current Valuation	19.7 B
	Shares Outstanding	82.56 M
	Shares Owned By Insiders	0.65 %
	Shares Owned By Institutions	99.35 %
	Number Of Shares Shorted	1.08 M
	Price To Earning	33.93 X
	Price To Book	1.72 X
	Price To Sales	2.11 X
	Revenue	8.12 B
	Gross Profit	2.22 B
	EBITDA	1.63 B
	Net Income	612.34 M
	Cash And Equivalents	616.63 M
	Cash Per Share	7.56 X
	Total Debt	3.94 B
	Debt To Equity	0.64 %
	Current Ratio	1.18 X
	Book Value Per Share	118.39 X
	Cash Flow From Operations	1.16 B
	Short Ratio	0.88 X
	Earnings Per Share	9.00 X
	Price To Earnings To Growth	0.95 X
	Target Price	280.56
	Number Of Employees	42.25 K
	Beta	1.25
	Market Capitalization	17.57 B
	Total Asset	16.99 B
	Retained Earnings	2.43 B
	Working Capital	585.86 M
	Current Asset	130.22 M
	Current Liabilities	57.3 M
	Net Asset	16.99 B

About ICON PLC Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze ICON PLC's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ICON PLC using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ICON PLC based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with ICON PLC

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ICON PLC position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ICON PLC will appreciate offsetting losses from the drop in the long position's value.

Moving together with ICON Stock

0.69	A	Agilent Technologies Earnings Call This Week	Pair Corr
0.83	ME	23Andme Holding	Pair Corr
0.76	VALN	Valneva SE ADR	Pair Corr

Moving against ICON Stock

0.89	EXEL	Exelixis	Pair Corr
0.83	BMY	Bristol Myers Squibb Aggressive Push	Pair Corr
0.68	EWTX	Edgewise Therapeutics	Pair Corr
0.47	KTTAW	Pasithea Therapeutics	Pair Corr
0.42	VRDN	Viridian Therapeutics	Pair Corr

The ability to find closely correlated positions to ICON PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ICON PLC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ICON PLC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ICON PLC to buy it.

The correlation of ICON PLC is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ICON PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ICON PLC moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for ICON PLC can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for ICON Stock Analysis

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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