WallStSmart

ICON PLC (ICLR)vsIQVIA Holdings Inc (IQV)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

IQVIA Holdings Inc generates 105% more annual revenue ($16.98B vs $8.29B). IQV leads profitability with a 8.1% profit margin vs 0.3%. ICLR appears more attractively valued with a PEG of 0.50. IQV earns a higher WallStSmart Score of 55/100 (C).

ICLR

Buy

51

out of 100

Grade: C-

Growth: 3.3Profit: 4.5Value: 7.3Quality: 5.5
Piotroski: 4/9Altman Z: 1.58

IQV

Buy

55

out of 100

Grade: C

Growth: 4.0Profit: 6.5Value: 6.0Quality: 3.0
Piotroski: 2/9Altman Z: 1.23
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ICLRUndervalued (+61.0%)

Margin of Safety

+61.0%

Fair Value

$341.51

Current Price

$169.31

$172.20 discount

UndervaluedFair: $341.51Overvalued
IQVUndervalued (+11.9%)

Margin of Safety

+11.9%

Fair Value

$201.21

Current Price

$261.77

$60.56 discount

UndervaluedFair: $201.21Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ICLR2 strengths · Avg: 10.0/10
PEG RatioValuation
0.5010/10

Growing faster than its price suggests

Price/BookValuation
1.4x10/10

Reasonable price relative to book value

IQV2 strengths · Avg: 8.5/10
Return on EquityProfitability
22.3%9/10

Every $100 of equity generates 22 in profit

PEG RatioValuation
0.978/10

Growing faster than its price suggests

Areas to Watch

ICLR4 concerns · Avg: 3.5/10
Revenue GrowthGrowth
1.2%4/10

1.2% revenue growth

Altman Z-ScoreHealth
1.584/10

Distress zone — elevated risk

Return on EquityProfitability
0.7%3/10

ROE of 0.7% — below average capital efficiency

Profit MarginProfitability
0.3%3/10

0.3% margin — thin

IQV4 concerns · Avg: 2.8/10
P/E RatioValuation
31.9x4/10

Premium valuation, high expectations priced in

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

EPS GrowthGrowth
-0.6%2/10

Earnings declined 0.6%

Altman Z-ScoreHealth
1.232/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : ICLR

The strongest argument for ICLR centers on PEG Ratio, Price/Book. PEG of 0.50 suggests the stock is reasonably priced for its growth.

Bull Case : IQV

The strongest argument for IQV centers on Return on Equity, PEG Ratio. PEG of 0.97 suggests the stock is reasonably priced for its growth.

Bear Case : ICLR

The primary concerns for ICLR are Revenue Growth, Altman Z-Score, Return on Equity. A P/E of 247.4x leaves little room for execution misses. Thin 0.3% margins leave little buffer for downturns.

Bear Case : IQV

The primary concerns for IQV are P/E Ratio, Piotroski F-Score, EPS Growth. Debt-to-equity of 2.63 is elevated, increasing financial risk.

Key Dynamics to Monitor

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

IQV is growing revenue faster at 8.7% — sustainability is the question.

IQV generates stronger free cash flow (360M), providing more financial flexibility.

Monitor DIAGNOSTICS & RESEARCH industry trends, competitive dynamics, and regulatory changes.

Bottom Line

IQV scores higher overall (55/100 vs 51/100). ICLR offers better value entry with a 61.0% margin of safety. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

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

ICON PLC

HEALTHCARE · DIAGNOSTICS & RESEARCH · USA

ICON Public Limited Company, a clinical research organization, provides outsourced marketing and development services in Ireland, the rest of Europe, the United States and internationally. The company is headquartered in Dublin, Ireland.

IQVIA Holdings Inc

HEALTHCARE · DIAGNOSTICS & RESEARCH · USA

IQVIA, formerly Quintiles and IMS Health, Inc., is an American multinational company serving the combined industries of health information technology and clinical research. It is a provider of biopharmaceutical development and commercial outsourcing services, focused primarily on Phase I-IV clinical trials and associated laboratory and analytical services, including consulting services.

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