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Neogen Corporation (NEOG)



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Upturn Advisory Summary
07/10/2025: NEOG (2-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $7.5
1 Year Target Price $7.5
2 | Strong Buy |
0 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 7.68% | Avg. Invested days 46 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.23B USD | Price to earnings Ratio - | 1Y Target Price 7.5 |
Price to earnings Ratio - | 1Y Target Price 7.5 | ||
Volume (30-day avg) 3 | Beta 1.84 | 52 Weeks Range 3.87 - 18.58 | Updated Date 07/11/2025 |
52 Weeks Range 3.87 - 18.58 | Updated Date 07/11/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -2.23 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -53.56% | Operating Margin (TTM) 2.45% |
Management Effectiveness
Return on Assets (TTM) 0.59% | Return on Equity (TTM) -16.71% |
Valuation
Trailing PE - | Forward PE 16 | Enterprise Value 1959111468 | Price to Sales(TTM) 1.36 |
Enterprise Value 1959111468 | Price to Sales(TTM) 1.36 | ||
Enterprise Value to Revenue 2.16 | Enterprise Value to EBITDA 25.07 | Shares Outstanding 217038000 | Shares Floating 201383297 |
Shares Outstanding 217038000 | Shares Floating 201383297 | ||
Percent Insiders 0.38 | Percent Institutions 128.88 |
Upturn AI SWOT
Neogen Corporation

Company Overview
History and Background
Neogen Corporation was founded in 1982 in Lansing, Michigan. It has grown through internal development and acquisitions to become a leader in food and animal safety.
Core Business Areas
- Food Safety: Provides test kits and services to detect contaminants in food, including pathogens, allergens, and toxins.
- Animal Safety: Offers veterinary instruments and disposables, rodenticides, insecticides, disinfectants, and genomics testing for the animal protein market.
Leadership and Structure
John Adent serves as the President and CEO. The company has a traditional corporate structure with various departments reporting to executive leadership.
Top Products and Market Share
Key Offerings
- Revealu00ae 3-D for Total Aflatoxin: A rapid lateral flow test for the detection of aflatoxin in grains and feed. Aflatoxins are naturally occurring mycotoxins that can be harmful to animals and humans. Market share difficult to pinpoint due to fragmented market, but a leading solution. Competitors include Romer Labs (DSM), Bioo Scientific (PerkinElmer), and Charm Sciences.
- AccuPointu00ae Advanced Sanitation Monitoring System: A hygiene monitoring system to quickly detect organic residue on surfaces, which is a key indicator of the effectiveness of cleaning and sanitation programs. Market share is significant, serving both food production and healthcare settings. Competitors include 3M, Hygiena, and Charm Sciences.
Market Dynamics
Industry Overview
The food and animal safety markets are driven by increasing regulatory scrutiny, consumer awareness of foodborne illnesses and animal health, and the globalization of food supply chains.
Positioning
Neogen Corporation is a leading player with a strong reputation for innovation and customer service. Its competitive advantage lies in its diverse product portfolio and established distribution network.
Total Addressable Market (TAM)
The global food safety testing market is estimated at $20 billion, and the animal health market is considerably larger. Neogen captures a share of these total available markets.
Upturn SWOT Analysis
Strengths
- Strong brand recognition
- Diverse product portfolio
- Established distribution network
- Innovative product development
- Strong financial performance
Weaknesses
- Dependence on acquisitions for growth
- Exposure to regulatory changes
- Vulnerability to economic downturns affecting animal protein production
- Integration challenges following acquisitions
Opportunities
- Expanding into new geographic markets
- Developing new products for emerging threats
- Leveraging data analytics to improve customer outcomes
- Further consolidating the fragmented market through acquisitions
- Increasing demand in Asia due to urbanization and changing dietary habits
Threats
- Increased competition from larger players
- Shifting consumer preferences
- Economic downturns impacting animal protein production
- Regulatory changes
- Emergence of new foodborne pathogens and animal diseases
Competitors and Market Share
Key Competitors
- DSM
- Thermo Fisher Scientific (TMO)
- PerkinElmer (PKI)
- IDEXX Laboratories (IDXX)
- 3M (MMM)
- bioMerieux (BIM.PA)
Competitive Landscape
Neogen Corporation competes with a mix of large, diversified companies and smaller, specialized players. Neogen's advantages include its strong brand recognition, diverse product portfolio, and established distribution network. Its disadvantages include its smaller size relative to some of its competitors and its dependence on acquisitions for growth.
Major Acquisitions
3M Food Safety Business
- Year: 2022
- Acquisition Price (USD millions): 5300
- Strategic Rationale: Expanded Neogen's food safety diagnostic capabilities and global reach.
Growth Trajectory and Initiatives
Historical Growth: Neogen Corporation has experienced significant growth over the past years, driven by organic growth and acquisitions. Specific historical data depends on year.
Future Projections: Analysts anticipate continued growth for Neogen Corporation, driven by increasing demand for food and animal safety products. Growth is expected to come from expansion into new markets and development of new products.
Recent Initiatives: Recent initiatives include acquisitions of companies with complementary product lines, expansion into new geographic markets, and investments in research and development.
Summary
Neogen Corporation is a leading player in the food and animal safety markets with a strong brand and diverse product portfolio. Its growth is driven by increasing demand for safety testing and strategic acquisitions, but faces competition from larger players. It must navigate regulatory changes and economic cycles while successfully integrating acquired businesses. Overall, the company appears strong, but continuous innovation and market adaptation is required to remain competitive.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Market Research Reports
- Analyst Estimates
- Company Website
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Data and analysis are based on publicly available information and may be subject to change. Consider consulting with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Neogen Corporation
Exchange NASDAQ | Headquaters Lansing, MI, United States | ||
IPO Launch date 1989-08-23 | President, CEO & Director Mr. John Edward Adent | ||
Sector Healthcare | Industry Diagnostics & Research | Full time employees 2917 | Website https://www.neogen.com |
Full time employees 2917 | Website https://www.neogen.com |
Neogen Corporation, together with its subsidiaries, engages in the development, manufacture, and marketing of various products and services dedicated to food and animal safety worldwide. It operates through two segments, Food Safety and Animal Safety. The Food Safety segment offers diagnostic test kits and related products to detect dangerous and unintended substances in food and animal feed, including foodborne pathogens, spoilage organisms, natural toxins, food allergens, ruminant by-products, meat speciation, drug residues, pesticide residues, and general sanitation concerns, as well as food quality and nutritional components. It also provides AccuPoint Advanced rapid sanitation test to detect the presence of adenosine triphosphate, a chemical found in living cells, as well as provides genomics-based diagnostic technology and software systems that help testers to objectively analyze and store their results and perform analysis on the results from multiple locations over extended periods. The segment offers its products primarily to milling and grain, meat and poultry, prepared food products and ingredients, fruits and vegetables, seafood, dairy, beverage, water, healthcare, traditional culture media markets, food service, and dietary supplements markets. The Animal Safety segment provides veterinary instruments, pharmaceuticals, vaccines, topicals, parasiticides, diagnostic products, rodent control products, cleaners, disinfectants, insect control products, and genomics testing services marketed through veterinarians, retailers, livestock producers, and animal health product distributors, for the animal safety market. The segment offers its products for companion animal veterinarians; livestock producers, veterinarians, and breed associations; retailers; breeding and genetics companies; diagnostic labs and universities; distributors; and other manufacturers and government agencies. The company was incorporated in 1981 and is headquartered in Lansing, Michigan.

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