Boston Scientific
Market Cap
US$48.0b
Last Updated
2020/11/26 00:47 UTC
Data Sources
Company Financials +
Executive Summary
Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with solid track record.
Similar Companies
Share Price & News
How has Boston Scientific's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BSX is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BSX's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-2.1%
BSX
-0.9%
US Medical Equipment
2.8%
US Market
1 Year Return
-22.4%
BSX
16.3%
US Medical Equipment
19.7%
US Market
Return vs Industry: BSX underperformed the US Medical Equipment industry which returned 18.1% over the past year.
Return vs Market: BSX underperformed the US Market which returned 20.4% over the past year.
Shareholder returns
| BSX | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.1% | -0.9% | 2.8% |
| 30 Day | -9.0% | -0.5% | 8.0% |
| 90 Day | -17.7% | 2.9% | 6.8% |
| 1 Year | -22.4%-22.4% | 17.2%16.3% | 22.4%19.7% |
| 3 Year | 29.3%29.3% | 67.9%63.6% | 47.3%37.5% |
| 5 Year | 82.2%82.2% | 135.1%117.1% | 93.6%72.3% |
Long-Term Price Volatility Vs. Market
How volatile is Boston Scientific's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Our View On Boston Scientific's (NYSE:BSX) CEO Pay2 weeks ago | Simply Wall St
What Is Boston Scientific Corporation's (NYSE:BSX) Share Price Doing?4 weeks ago | Simply Wall St
Estimating The Fair Value Of Boston Scientific Corporation (NYSE:BSX)Valuation
Is Boston Scientific undervalued compared to its fair value and its price relative to the market?
6.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BSX ($33.55) is trading below our estimate of fair value ($36.05)
Significantly Below Fair Value: BSX is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BSX is good value based on its PE Ratio (12.8x) compared to the US Medical Equipment industry average (49.2x).
PE vs Market: BSX is good value based on its PE Ratio (12.8x) compared to the US market (19.7x).
Price to Earnings Growth Ratio
PEG Ratio: BSX is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: BSX is good value based on its PB Ratio (3.1x) compared to the US Medical Equipment industry average (4.5x).
Next Steps
Future Growth
How is Boston Scientific forecast to perform in the next 1 to 3 years based on estimates from 26 analysts?
33.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BSX's forecast earnings growth (33.4% per year) is above the savings rate (2.2%).
Earnings vs Market: BSX's earnings (33.4% per year) are forecast to grow faster than the US market (22.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BSX's revenue (10.3% per year) is forecast to grow faster than the US market (10.2% per year).
High Growth Revenue: BSX's revenue (10.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BSX's Return on Equity is forecast to be low in 3 years time (15%).
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Past Performance
How has Boston Scientific performed over the past 5 years?
66.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BSX has a large one-off loss of $916.0M impacting its September 30 2020 financial results.
Growing Profit Margin: BSX's current net profit margins (36.5%) are higher than last year (10.9%).
Past Earnings Growth Analysis
Earnings Trend: BSX has become profitable over the past 5 years, growing earnings by 66.7% per year.
Accelerating Growth: BSX's earnings growth over the past year (226.3%) exceeds its 5-year average (66.7% per year).
Earnings vs Industry: BSX earnings growth over the past year (226.3%) exceeded the Medical Equipment industry 0.2%.
Return on Equity
High ROE: BSX's Return on Equity (23.8%) is considered high.
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Financial Health
How is Boston Scientific's financial position?
Financial Position Analysis
Short Term Liabilities: BSX's short term assets ($6.2B) exceed its short term liabilities ($3.3B).
Long Term Liabilities: BSX's short term assets ($6.2B) do not cover its long term liabilities ($12.0B).
Debt to Equity History and Analysis
Debt Level: BSX's debt to equity ratio (59.5%) is considered high.
Reducing Debt: BSX's debt to equity ratio has reduced from 91.4% to 59.5% over the past 5 years.
Debt Coverage: BSX's debt is not well covered by operating cash flow (16.5%).
Interest Coverage: BSX's interest payments on its debt are not well covered by EBIT (2.3x coverage).
Balance Sheet
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Dividend
What is Boston Scientific current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BSX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BSX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BSX's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BSX's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BSX's dividend in 3 years as they are not forecast to pay a notable one for the US market.
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Management
How experienced are the management team and are they aligned to shareholders interests?
6.9yrs
Average management tenure
CEO
Mike Mahoney (55 yo)
8yrs
Tenure
US$15,764,140
Compensation
Mr. Michael F. Mahoney, also known as Mike, has been Chairman of Boston Scientific Corporation since May 3, 2016, its Chief Executive Officer since November 1, 2012 and has been its President since October...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD15.76M) is above average for companies of similar size in the US market ($USD10.82M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 8yrs | US$15.76m | 0.14% $ 65.8m | |
| Executive VP & CFO | 6.83yrs | US$4.03m | 0.018% $ 8.8m | |
| Executive VP of Global Operations | 5.75yrs | US$3.20m | 0.0046% $ 2.2m | |
| Executive VP & President of Interventional Cardiology | 10.75yrs | US$4.03m | 0.021% $ 9.9m | |
| VP, Global Controller & Chief Accounting Officer | 1.33yrs | no data | 0.0024% $ 1.2m | |
| Senior VP and Chief Information & Digital Officer | 4.92yrs | no data | 0.00072% $ 345.9k | |
| Vice President of Investor Relations | 6.92yrs | no data | no data | |
| Senior VP | 3yrs | no data | 0.00080% $ 384.3k | |
| Vice President of Global Marketing & New Business Development of Peripheral Interventions | no data | no data | no data | |
| Senior VP of Human Resources | 7.92yrs | no data | 0.013% $ 6.0m | |
| Senior Vice President of Global Government Affairs | 13.83yrs | no data | no data | |
| Senior VP & President of Neuromodulation | 9.17yrs | no data | 0.016% $ 7.7m |
6.9yrs
Average Tenure
54.5yo
Average Age
Experienced Management: BSX's management team is seasoned and experienced (6.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 8yrs | US$15.76m | 0.14% $ 65.8m | |
| Lead Independent Director | 4.5yrs | US$340.11k | 0.0026% $ 1.2m | |
| Independent Director | 5.33yrs | US$319.98k | 0.0015% $ 735.0k | |
| Independent Director | 5.58yrs | US$299.98k | 0.00056% $ 269.0k | |
| Independent Director | 6.83yrs | US$320.20k | 0.0042% $ 2.0m | |
| Independent Director | 4.58yrs | US$299.98k | 0.0022% $ 1.1m | |
| Independent Director | 4.33yrs | US$299.98k | no data | |
| Independent Director | 5.58yrs | US$324.98k | 0.0051% $ 2.5m | |
| Independent Director | 10.92yrs | US$302.47k | 0.0039% $ 1.9m | |
| Independent Director | 11.58yrs | US$319.98k | 0.0025% $ 1.2m |
5.5yrs
Average Tenure
63yo
Average Age
Experienced Board: BSX's board of directors are considered experienced (5.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BSX insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.7%.
Top Shareholders
Company Information
Boston Scientific Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Boston Scientific Corporation
- Ticker: BSX
- Exchange: NYSE
- Founded: 1979
- Industry: Health Care Equipment
- Sector: Healthcare
- Market Cap: US$48.041b
- Shares outstanding: 1.43b
- Website: https://www.bostonscientific.com
Number of Employees
Location
- Boston Scientific Corporation
- 300 Boston Scientific Way
- Marlborough
- Massachusetts
- 01752-1234
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BSX | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | May 1992 |
| BSX | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | May 1992 |
| BSX * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | May 1992 |
| 0HOY | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | May 1992 |
| BSX | ETLX (Eurotlx) | Yes | Common Stock | IT | EUR | May 1992 |
| BSXC | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | May 1992 |
| BSX | BVL (Bolsa de Valores de Lima) | Yes | Common Stock | PE | USD | May 1992 |
| B1SX34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH REPR 1 COM | BR | BRL | Dec 2019 | |
| BSX.PRA | NYSE (New York Stock Exchange) | 5.50% CNV PFD A | US | USD | May 2020 |
Biography
Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. It operates through three segments: MedSurg, Rhythm and Ne...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/26 00:47 |
| End of Day Share Price | 2020/11/25 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.