WallStSmart

Fulgent Genetics Inc (FLGT)vsWaters Corporation (WAT)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Waters Corporation generates 1077% more annual revenue ($3.77B vs $320.35M). WAT leads profitability with a 11.9% profit margin vs -23.0%. FLGT appears more attractively valued with a PEG of 1.32. WAT earns a higher WallStSmart Score of 50/100 (C-).

FLGT

Hold

40

out of 100

Grade: D

Growth: 2.0Profit: 2.0Value: 7.0Quality: 9.0
Piotroski: 5/9Altman Z: 7.36

WAT

Buy

50

out of 100

Grade: C-

Growth: 5.3Profit: 5.0Value: 3.3Quality: 7.0
Piotroski: 2/9Altman Z: 4.85
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FLGTUndervalued (+54.8%)

Margin of Safety

+54.8%

Fair Value

$50.88

Current Price

$18.14

$32.74 discount

UndervaluedFair: $50.88Overvalued
WATSignificantly Overvalued (-84.6%)

Margin of Safety

-84.6%

Fair Value

$178.29

Current Price

$365.36

$187.07 premium

UndervaluedFair: $178.29Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FLGT3 strengths · Avg: 10.0/10
Price/BookValuation
0.5x10/10

Reasonable price relative to book value

Debt/EquityHealth
0.0110/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
7.3610/10

Safe zone — low bankruptcy risk

WAT2 strengths · Avg: 10.0/10
Revenue GrowthGrowth
91.4%10/10

Revenue surging 91.4% year-over-year

Altman Z-ScoreHealth
4.8510/10

Safe zone — low bankruptcy risk

Areas to Watch

FLGT4 concerns · Avg: 2.3/10
Market CapQuality
$543.87M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-7.0%2/10

ROE of -7.0% — below average capital efficiency

Revenue GrowthGrowth
-3.2%2/10

Revenue declined 3.2%

EPS GrowthGrowth
-98.6%2/10

Earnings declined 98.6%

WAT4 concerns · Avg: 3.5/10
PEG RatioValuation
1.604/10

Expensive relative to growth rate

Price/BookValuation
8.5x4/10

Trading at 8.5x book value

Return on EquityProfitability
2.9%3/10

ROE of 2.9% — below average capital efficiency

Operating MarginProfitability
2.8%3/10

Operating margin of 2.8%

Comparative Analysis Report

WallStSmart Research

Bull Case : FLGT

The strongest argument for FLGT centers on Price/Book, Debt/Equity, Altman Z-Score. PEG of 1.32 suggests the stock is reasonably priced for its growth.

Bull Case : WAT

The strongest argument for WAT centers on Revenue Growth, Altman Z-Score. Revenue growth of 91.4% demonstrates continued momentum.

Bear Case : FLGT

The primary concerns for FLGT are Market Cap, Return on Equity, Revenue Growth.

Bear Case : WAT

The primary concerns for WAT are PEG Ratio, Price/Book, Return on Equity. A P/E of 45.2x leaves little room for execution misses.

Key Dynamics to Monitor

FLGT profiles as a turnaround stock while WAT is a growth play — different risk/reward profiles.

WAT carries more volatility with a beta of 1.20 — expect wider price swings.

WAT is growing revenue faster at 91.4% — sustainability is the question.

FLGT generates stronger free cash flow (2M), providing more financial flexibility.

Bottom Line

WAT scores higher overall (50/100 vs 40/100) and 91.4% revenue growth. FLGT offers better value entry with a 54.8% margin of safety. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Fulgent Genetics Inc

HEALTHCARE · DIAGNOSTICS & RESEARCH · USA

Fulgent Genetics, Inc., provides COVID-19 testing and genetic testing services to physicians with clinically actionable diagnostic information. The company is headquartered in Temple City, California.

Waters Corporation

HEALTHCARE · DIAGNOSTICS & RESEARCH · USA

Waters Corporation is a publicly traded Analytical Laboratory instrument and software company headquartered in Milford, Massachusetts.

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