Boston Scientific
Market Cap
US$59.1b
Last Updated
2021/05/13 23:20 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
Adequate balance sheet with moderate growth potential.
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 +/- 3% a week.
Volatility Over Time: BSX's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-3.3%
BSX
-3.1%
US Medical Equipment
-2.8%
US Market
1 Year Return
17.2%
BSX
33.2%
US Medical Equipment
49.0%
US Market
Return vs Industry: BSX underperformed the US Medical Equipment industry which returned 32.9% over the past year.
Return vs Market: BSX underperformed the US Market which returned 49.4% over the past year.
Shareholder returns
| BSX | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.3% | -3.1% | -2.8% |
| 30 Day | 5.6% | -2.5% | -2.6% |
| 90 Day | 8.4% | -4.1% | -1.5% |
| 1 Year | 17.2%17.2% | 34.2%33.2% | 51.5%49.0% |
| 3 Year | 37.2%37.2% | 67.1%63.1% | 58.2%48.3% |
| 5 Year | 87.7%87.7% | 151.9%133.5% | 123.8%98.9% |
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
Don't Ignore The Fact That This Insider Just Sold Some Shares In Boston Scientific Corporation (NYSE:BSX)2 weeks ago | Simply Wall St
Shareholders Will Probably Hold Off On Increasing Boston Scientific Corporation's (NYSE:BSX) CEO Compensation For The Time Being2 weeks ago | Simply Wall St
Boston Scientific (NYSE:BSX) Takes On Some Risk With Its Use Of DebtValuation
Is Boston Scientific undervalued compared to its fair value and its price relative to the market?
1.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BSX ($41.61) is trading below our estimate of fair value ($42.19)
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 poor value based on its PE Ratio (294.4x) compared to the US Medical Equipment industry average (56.9x).
PE vs Market: BSX is poor value based on its PE Ratio (294.4x) compared to the US market (19.5x).
Price to Earnings Growth Ratio
PEG Ratio: BSX is poor value based on its PEG Ratio (7.6x)
Price to Book Ratio
PB vs Industry: BSX is good value based on its PB Ratio (3.8x) compared to the US Medical Equipment industry average (4.5x).
Future Growth
How is Boston Scientific forecast to perform in the next 1 to 3 years based on estimates from 27 analysts?
38.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BSX's forecast earnings growth (38.7% per year) is above the savings rate (2%).
Earnings vs Market: BSX's earnings (38.7% per year) are forecast to grow faster than the US market (14.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BSX's revenue (7.6% per year) is forecast to grow slower than the US market (9% per year).
High Growth Revenue: BSX's revenue (7.6% 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 (14.4%).
Past Performance
How has Boston Scientific performed over the past 5 years?
44.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BSX has a large one-off loss of $663.0M impacting its March 31 2021 financial results.
Growing Profit Margin: BSX's current net profit margins (2%) are lower than last year (39.7%).
Past Earnings Growth Analysis
Earnings Trend: BSX has become profitable over the past 5 years, growing earnings by 44.4% per year.
Accelerating Growth: BSX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BSX had negative earnings growth (-95.3%) over the past year, making it difficult to compare to the Medical Equipment industry average (32.2%).
Return on Equity
High ROE: BSX's Return on Equity (1.6%) is considered low.
Financial Health
How is Boston Scientific's financial position?
Financial Position Analysis
Short Term Liabilities: BSX's short term assets ($6.1B) exceed its short term liabilities ($3.4B).
Long Term Liabilities: BSX's short term assets ($6.1B) do not cover its long term liabilities ($11.8B).
Debt to Equity History and Analysis
Debt Level: BSX's debt to equity ratio (57.4%) is considered high.
Reducing Debt: BSX's debt to equity ratio has reduced from 87.9% to 57.4% over the past 5 years.
Debt Coverage: BSX's debt is well covered by operating cash flow (20.7%).
Interest Coverage: BSX's interest payments on its debt are well covered by EBIT (3.5x coverage).
Balance Sheet
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.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
8.3yrs
Average management tenure
CEO
Mike Mahoney (55 yo)
8.5yrs
Tenure
US$13,773,795
Compensation
Mr. Michael F. Mahoney, also known as Mike, has been Chairman of Boston Scientific Corporation since May 3, 2016, its Chief Executive Officer since November 1, 2012 and has been its President since October...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD13.77M) is about average for companies of similar size in the US market ($USD11.15M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: BSX's management team is seasoned and experienced (8.3 years average tenure).
Board Members
Experienced Board: BSX's board of directors are considered experienced (5.8 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 not been meaningfully diluted in the past year.
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$59.124b
- Shares outstanding: 1.42b
- Website: https://www.bostonscientific.com
Number of Employees
Location
- Boston Scientific Corporation
- 300 Boston Scientific Way
- Marlborough
- Massachusetts
- 01752-1234
- United States
Listings
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 | 2021/05/13 23:20 |
| End of Day Share Price | 2021/05/13 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.