Company Valuation: Bristol-Myers Squibb Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 138,395 159,703 104,403 114,714 109,809 130,386 - -
Change - 15.4% -34.63% 9.88% -4.28% 18.74% - -
Enterprise Value (EV) 1 165,982 189,770 131,531 153,184 143,852 159,126 152,159 146,512
Change - 14.33% -30.69% 16.46% -6.09% 10.62% -4.38% -3.71%
P/E 20x 24.4x 13.3x -12.8x 15.6x 11.4x 11.3x 13x
PBR 3.73x 5.02x 3.48x 6.95x 5.94x 5.36x 4.39x 3.94x
PEG - -4.48x 0.4x 0x -0x 0.2x 34.7x -1x
Capitalization / Revenue 2.98x 3.46x 2.32x 2.38x 2.28x 2.62x 2.71x 3.1x
EV / Revenue 3.58x 4.11x 2.92x 3.17x 2.98x 3.19x 3.16x 3.48x
EV / EBITDA 8.1x 9.83x 7.52x 25.8x 7.71x 8.28x 8.27x 9.29x
EV / EBIT 8.37x 9.76x 7.84x 29.4x 9.83x 8.98x 8.91x 9.94x
EV / FCF 10.9x 15.9x 10.4x 11x 11.2x 14.2x 11.2x 11.3x
FCF Yield 9.18% 6.3% 9.62% 9.1% 8.93% 7.05% 8.92% 8.87%
Dividend per Share 2 2.01 2.19 2.31 2.42 2.49 2.527 2.57 2.633
Rate of return 3.22% 3.04% 4.5% 4.28% 4.62% 3.96% 4.03% 4.12%
EPS 2 3.12 2.95 3.86 -4.41 3.46 5.613 5.632 4.891
Distribution rate 64.4% 74.2% 59.8% -54.9% 72% 45% 45.6% 53.8%
Net sales 1 46,385 46,159 45,006 48,300 48,194 49,848 48,133 42,044
EBITDA 1 20,493 19,308 17,498 5,932 18,649 19,213 18,389 15,764
EBIT 1 19,830 19,442 16,785 5,204 14,638 17,722 17,085 14,744
Net income 1 6,994 6,327 8,025 -8,948 7,054 11,176 10,517 8,962
Net Debt 1 27,587 30,067 27,128 38,470 34,043 28,739 21,773 16,125
Reference price 2 62.35 71.95 51.31 56.56 53.94 63.83 63.83 63.83
Nbr of stocks (in thousands) 2,219,645 2,219,645 2,034,758 2,028,177 2,035,753 2,042,715 - -
Announcement Date 2/4/22 2/2/23 2/2/24 2/6/25 2/5/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
33.76x12.18x24.85x0.59% 1,052B
28.96x - - 2.06% 627B
31.84x7.42x15.42x2.75% 441B
19.79x4.7x11.65x2.81% 349B
21.42x5.54x13.77x2.89% 287B
19.89x4.11x11.68x2.14% 241B
26.26x6.84x12.14x2.43% 224B
13.32x4.79x9.96x3.83% 202B
-42.28x6.13x23.96x2.38% 172B
Average 17.00x 6.46x 15.43x 2.43% 399.46B
Weighted average by Cap. 24.17x 8.04x 17.73x 2%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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