Professional
Added to YB: 2024-10-10
Pitch date: 2024-10-07
MEDP [bullish]
Medpace Holdings, Inc.
+68.16%
current return
Author Info
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Company Info
Medpace Holdings, Inc. provides clinical research-based drug and medical device development services in North America, Europe, and Asia.
Market Cap
$15.4B
Pitch Price
$332.49
Price Target
N/A
Dividend
N/A
EV/EBITDA
26.28
P/E
38.18
EV/Sales
6.44
Sector
Life Sciences Tools and Services
Category
turnaround
Show full summary:
Headwaters Capital Portfolio Holding: Medpace Holdings, Inc.
MEDP: -19% on slowing bookings & trial cancellations. Cyclical biotech funding impacts, but long-term growth intact. 5% market share in CRO for biotechs. Strong capital allocation: 16% shares repurchased in 2022 downturn. $700M cash + $500M FCF in 2024 enables 10%+ buyback if weakness persists.
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