Company Valuation: Bristol-Myers Squibb Company

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 138,395 159,703 104,403 114,714 109,809 122,901 - -
Change - 15.4% -34.63% 9.88% -4.28% 11.92% - -
Enterprise Value (EV) 1 165,982 189,770 131,531 153,184 143,852 148,713 143,473 136,594
Change - 14.33% -30.69% 16.46% -6.09% 3.38% -3.52% -4.79%
P/E ratio 20x 24.4x 13.3x -12.8x 15.6x 12.3x 12.9x 14.1x
PBR 3.73x 5.02x 3.48x 6.95x 5.94x 5.08x 4.55x 4.13x
PEG - -4.48x 0.4x 0x -0x 0.3x -2.98x -1.65x
Capitalization / Revenue 2.98x 3.46x 2.32x 2.38x 2.28x 2.63x 2.72x 3.04x
EV / Revenue 3.58x 4.11x 2.92x 3.17x 2.98x 3.18x 3.18x 3.38x
EV / EBITDA 8.1x 9.83x 7.52x 25.8x 7.71x 8.86x 8.53x 9.21x
EV / EBIT 8.37x 9.76x 7.84x 29.4x 9.83x 9.24x 9.2x 9.91x
EV / FCF 10.9x 15.9x 10.4x 11x 11.2x 10.1x 10.5x 10.7x
FCF Yield 9.18% 6.3% 9.62% 9.1% 8.93% 9.95% 9.5% 9.36%
Dividend per Share 2 2.01 2.19 2.31 2.42 2.49 2.524 2.61 2.688
Rate of return 3.22% 3.04% 4.5% 4.28% 4.62% 4.18% 4.32% 4.45%
EPS 2 3.12 2.95 3.86 -4.41 3.46 4.902 4.69 4.288
Distribution rate 64.4% 74.2% 59.8% -54.9% 72% 51.5% 55.6% 62.7%
Net sales 1 46,385 46,159 45,006 48,300 48,194 46,695 45,156 40,418
EBITDA 1 20,493 19,308 17,498 5,932 18,649 16,787 16,829 14,839
EBIT 1 19,830 19,442 16,785 5,204 14,638 16,090 15,600 13,788
Net income 1 6,994 6,327 8,025 -8,948 7,054 10,033 9,332 8,527
Net Debt 1 27,587 30,067 27,128 38,470 34,043 25,812 20,572 13,693
Reference price 2 62.35 71.95 51.31 56.56 53.94 60.35 60.35 60.35
Nbr of stocks (in thousands) 2,219,645 2,219,645 2,034,758 2,028,177 2,035,753 2,036,474 - -
Announcement Date 04/02/22 02/02/23 02/02/24 06/02/25 05/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.39x3.2x8.91x4.16% 124B
31.13x11.79x23.7x0.63% 929B
24.78x6.01x16.37x2.18% 587B
64.64x7.64x18.92x2.82% 409B
18.94x4.72x11.7x2.78% 375B
32.58x5.84x17.41x1.57% 320B
21.67x6.05x14.9x2.67% 314B
15.68x5.03x10.97x2.66% 301B
14.67x5.07x10.67x3.53% 217B
24.95x6.3x11.12x2.72% 199B
Average 26.14x 6.16x 14.47x 2.57% 377.52B
Weighted average by Cap. 28.78x 7.26x 16.67x 2.13%

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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