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Bio-Techne Corporation
$72.64
+0.08% Oct 21 close
Health CareS&P 500 Compare
-31%-19%-7%+5%+17%Oct 2025Oct 2026Apr 2026
TECHSPY
1W
+0.2%
1M
+0.2%
3M
+1.3%
6M
+24.4%
YTD
+24.0%
1Y
+15.1%

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What they do

Bio-Techne Corporation develops, manufactures, and sells life science reagents, instruments, and services for the research, diagnostics, and bioprocessing markets worldwide. It operates through two segments, Protein Sciences, and Diagnostics and Spatial Biology. The Protein Sciences segment develops and manufactures biological reagents used in various aspects of life science research, diagnostics, and cell and gene therapy.

Healthcare · Biotechnology

For information only · Important disclosures

Grades vs sector

Momentum
46th percentile in sector
C
12-1 return: +16.5%
Percentile within its GICS sector across the S&P 1500.
Growth
15th percentile in sector
D-
Revenue growth (YoY): +1.3%
Percentile within its GICS sector across the S&P 1500.
Value
13th percentile in sector
D-
Forward E/P: 3.2% · EBITDA/EV: 2.9%
Percentile within its GICS sector across the S&P 1500.
Profitability
58th percentile in sector
B-
Profit margin: +15.0% · Return on equity: +9.0%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
ranked 134 of 499 · 12-month momentum 30.7%
Momentum Blend
Not in the current book
New Highs Growth
ranked 43 of 589 · 12-month momentum 39.2%
Coteau Long Book
Not in the current book

News

More news
Lennox International Moves Up In Market Cap Rank, Passing Bio-Techne
Nasdaq · 10h ago

Key stats

Market value$11.4B
P/E (last 12 months)62.6
P/E (next 12 months, estimated)31.4
52-week range$43.20 – $72.69
Revenue growth (latest quarter vs a year ago)+1.3%
Dividend yield0.44%
Analyst consensusHold (10)
Average analyst price target$70.50 (-3%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Looks expensive
Model read-out from the numbers below, not advice. Score -3 (DCF counts double).
▼DCF (base case)below the price by 70%
▼Forward P/E vs sector31.4x vs median 17.6x
•Piotroski F-score6/9
▲Net debt / EBITDA-0.7x
•Analyst target-3% (10 analysts)

Discounted cash flow

Bear
$15
-79%
growth -3% · disc. 11.7% · term. 2.0%
Base
$22
-70%
growth 2% · disc. 10.7% · term. 2.5%
Bull
$30
-59%
growth 5% · disc. 9.7% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal
Today's price assumes free cash flow grows about 20% a year for 10 years.
Implied
+20%/yr
FCF, last 3 yrs
+7%/yr
FCF, last 5 yrs
-3%/yr
Revenue, last 3 yrs
+2%/yr
Revenue, last 5 yrs
+5%/yr
Same inputs as the DCF above: trailing free cash flow 0.3B, 10.7% discount rate, 2.5% growth after year 10, net cash and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2026; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (FY to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.29 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Health Care

P/E (trailing)
sector median 29.9× · 86th pct
62.6×
pricier
Forward P/E
sector median 17.6× · 86th pct
31.4×
pricier
EV / EBITDA
sector median 15.8× · 87th pct
31.9×
pricier
Price / sales
sector median 3.1× · 87th pct
9.4×
pricier
Price / book
sector median 3.5× · 70th pct
5.4×
pricier
FCF yield
sector median 4.1% · 26th pct
2.3%
pricier

Forward EPS $2.31 vs trailing $1.16 (+99% expected growth). Forward P/E uses analysts' next-12-month estimate.

Quality & financial health

Gross margin
65.8%
Operating margin
20.7%
FCF margin
21.7%
Net margin
9.0%
Return on equity
5.2%
Return on invested capital
10.3%
Net debt / EBITDA
-0.7×
Current ratio
4.5×
Interest cover
26.2×
Cash conversion (OCF/NI)
2.7×
Piotroski F-score 6/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✓ No share dilution✗ Gross margin improved✓ Asset turnover improved

Analysts

Mean target
$70
-3%
Analysts
10
Hold
Range
$50–$73
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2026$1.2B–$263.2M
2025$1.2B$73.4M$256.6M
2024$1.2B$168.1M$236.1M
2023$1.1B$285.3M$216.1M
2022$1.1B$272.1M$280.4M
2021$931.0M$140.4M$307.9M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +2.2%.

Earnings

Next report: 2026-11-09 · before open · EPS est 0.45
24-1025-0225-0525-0825-1126-0226-0526-080.000.56
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-08-120.520.52+0.1%
2026-05-060.530.53-0.8%
2026-02-040.430.46+5.8%
2025-11-050.420.42-0.4%
2025-08-060.500.53+5.8%
2025-05-070.510.56+10.4%
2025-02-050.390.42+7.8%
2024-10-300.380.42+10.2%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$321.2M+1.3%
2026-03-31$311.4M–
2025-12-31$295.9M–
2025-09-30$286.6M–
2025-06-30$317.0M–
Analyst actions
Wells Fargo
2026-08-13 · down
Overweight → Equal-Weight
PT $73
RBC Capital
2026-07-09 · down
Outperform → Sector Perform
PT $73
TD Cowen
2026-06-30 · down
Buy → Hold
PT $73
Benchmark
2026-06-30 · down
Buy → Hold
Citigroup
2026-06-29 · down
Buy → Neutral
PT $73
Stephens & Co.
2026-06-26 · down
Overweight → Equal-Weight
PT $73

Recent dividends

2026-08-24: $0.080 · 2026-05-18: $0.080 · 2026-02-13: $0.080 · 2025-11-17: $0.080 · 2025-08-18: $0.080 · 2025-05-19: $0.080 · 2025-02-14: $0.080 · 2024-11-08: $0.080
Insider trades
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Stats refreshed 2026-10-21 18:01:48 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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coteau

Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

Beta 0.9 · Oct 21, 2026