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Medpace Holdings, Inc. (MEDP)

POSITIVE
HealthcareDiagnostics & ResearchUnited States

Fundamental

69

Price

$611.79

Market Cap

$17.31B

Part 1 · What the company is worth

Overview

Medpace Holdings, Inc. provides clinical research-based drug and medical device development services in North America, Europe, Asia, South America, Africa, and Australia. The company offers a suite of services supporting the clinical development process from Phase I to Phase IV in various therapeutic areas. It provides clinical development services to the pharmaceutical, biotechnology, and medical device industries; and development plan design, coordinated central laboratory, project management, regulatory affairs, clinical monitoring, data management and analysis, pharmacovigilance new drug application submissions, and post-marketing clinical support services. In addition, the company offers bio-analytical laboratory services, clinical human pharmacology, imaging services, and electrocardiography reading support for clinical trials. Medpace Holdings, Inc. was founded in 1992 and is based in Cincinnati, Ohio.

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Who this company fights with for the same customers

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Balance Sheet & Liquidity

Revenue

$2.78B

Trailing 12 months (through 6/30/2026)

Net Income

$492M

Trailing 12 months (through 6/30/2026)

Free Cash Flow

$682M

Total Equity

$459M

Total Liabilities

$1.52B

Current Ratio

0.73

Interest Coverage

-

Debt/EBITDA

0.24

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

Undervalued

Fair Value

$847.98

Current Price

$611.79

Margin of Safety

+27.9%

Fair Value Range

$551.19 - $1144.77

Estimation Methods

Analyst Target:$581.83
DCF:$1332.54
PE-based:$530.38
Graham Growth:$875.67
EPV:$146.14
Analyst Consensus:Hold (7B / 12H / 1S)
Last Earnings Surprise:+4.93%

Valuation Metrics

P/E Ratio

36.39

ROE

98.3%

P/B Ratio

39.89

P/FCF

24.49

Gross Margin

-

ROIC

74.1%

Profitability Radar

Value Creation (Economic Moat)

ROIC

74.1%

WACC

10.9%

ROIC − WACC

+63.2 pp

ROIC exceeds the cost of capital — the company is creating value for shareholders.

Fundamental Analysis Criteria

Passed (17)

  • EPS shows upward trend
  • Price CAGR 32.92%
  • ROIC 74.1%
  • P/FCF 24.49
  • Debt/Equity ratio
  • Operating Margin 21.0%
  • Positive Free Cash Flow
  • CapEx intensity
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 110.1%
  • Revenue Growth 5Y 22.3%
  • Earnings Surprise avg 7.5%
  • PEG Ratio 1.05
  • Earnings Quality (OCF/NI) 1.53
  • Share Dilution -7.8%
  • Piotroski F-Score 6/9

Failed (7)

  • P/B Ratio 39.89
  • Current Ratio
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Analyst Consensus 35% Buy
  • Net Margin Trend 17.7% vs 18.7%

Unavailable (3)

  • Gross Margin NaN%
  • Dividend Payout NaN%
  • Interest Coverage

Piotroski F-Score

6/9

Mixed signals: some areas need attention

score
criteria

Earnings Quality

1.53

High quality: earnings backed by cash

Share Dilution

-7.8%

Buying back shares. Shareholder friendly

Governance

Executive Team

NameTitleAge
Dr. August James Troendle M.D.CEO, President & Chairman69
Mr. Kevin M. BradyCFO & Treasurer50
Mr. Stephen P. Ewald J.D.Chief Compliance Officer, General Counsel & Corporate Secretary56
Mr. Brad W. HansmanExecutive Vice President of Operations42
Ms. Lauren MorrisAssociate Director of Investors Relations-
Mr. Todd MeyersVice President of Business Development & Marketing-
Mr. Weimin Gai MSSenior Vice President of Biometrics-
Mr. John T. Wynne MBAChief Business Officer-
Ms. Reinilde Heyrman M.D.Chief Medical Officer of Medical Department64
Ms. Gina Leisring M.P.H.Senior Vice President of Clinical Monitoring-

Audit Risk

6

Board Risk

8

Compensation Risk

4

Shareholder Rights Risk

5

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Latest News

Recent headlines for MEDP, sourced from Markets Gazette.

No recent news for MEDP.