Rational Investing

	Total Market Capitalization of All Firms	$821,752 mm
	Average Market Capitalization	$34,240 mm
	Average Market to Model Ratio Weighted by Log of Market Cap	0.9
	Standard Deviation of MM Ratio	0.4
	Average Beta	0.9
	Average EV To Revenue	8.9
	Average EV To EBITDAM	24.4
	Average Price To Free Cash Flow	45.4

Ticker	Company Name	Market To Model	Market Cap ($ mm)	EV to Revenue	Price To FCF	EV/EBITDAM	% Growth	Beta	As Of
LONN.SW	Lonza Group AG	1.76	50,444	8.9	66.6	49.7	4	0.8	Jun 20
ILMN	Illumina Inc.	1.69	59,719	18.2	61.1	30	-6	1.1	Sep 20
CRL	Charles River Laboratories Hol	1.52	13,919	5.4	99	30.4	12	1.1	Sep 20
PRAH	PRA Health Sciences Inc	1.32	8,684	3.1	30.7	29.1	3	1.2	Sep 20
CSL.AX	CSL Ltd.	1.29	95,945	10.3	99	30	7	0.7	Jun 20
MEDP	Medpace Holdings Inc	1.18	5,089	5.4	33.5	26.5	9	1.3	Sep 20
GNS.L	Genus Plc	1.12	4,150	6.8	46.7	30	15	0.7	Jun 20
RGEN	Repligen Corporation	1.02	11,302	33.1	99	30	29	0.9	Sep 20
EVT.DE	Evotec SE	0.87	5,307	10.0	29.5	30	14	0.9	Sep 20
ALKS	Alkermes, Inc.	0.79	3,526	3.1	16.8	14.5	5	1.0	Sep 20
INCY	Incyte Corp.	0.78	20,992	8.3	37.4	30.3	17	0.8	Sep 20
ALXN	Alexion Pharmaceuticals Inc	0.72	35,818	6.3	69.2	12.4	21	1.2	Sep 20
VRTX	Vertex Pharmaceuticals Inc.	0.69	61,885	12.7	43.0	25.8	18	0.7	Sep 20
QGEN	Qiagen Nv	0.67	12,541	7.9	54.3	30.2	18	0.6	Sep 20
QIA.DE	Qiagen NV	0.65	15,277	9.5	54.3	33.8	17	0.7	Sep 20
UCB.BR	UCB SA	0.65	20,752	4.1	56.1	12.1	12	0.7	Jun 20
GMAB.CO	Genmab A/S	0.62	28,063	3.5	58.7	44.6	49	1.0	Sep 20
JAZZ	Jazz Pharmaceuticals plc	0.62	9,556	4.6	10.9	11.3	12	1.1	Sep 20
BIIB	Biogen Idec	0.60	52,242	4.0	7.9	7.4	1	0.7	Sep 20
HALO	Halozyme Therapeutics Inc	0.60	7,192	29.6	49.5	30	31	1.5	Sep 20
GILD	Gilead Sciences Inc	0.58	85,118	4.8	17.6	9.4	9	0.7	Sep 20
REGN	Regeneron Pharmaceuticals Inc	0.54	57,935	6.6	21.3	15.4	13	0.4	Sep 20
AMGN	Amgen Inc	0.46	154,620	7.1	23.2	14.6	11	0.8	Sep 20
ERF.PA	Eurofins Scientific SE	0.15	1,677	1.0	5.0	8.3	12	0.7	Jun 20