BioMarin Pharmaceutical
BioMarin Pharmaceutical Inc., a biotechnology company, develops and commercializes therapies for people with serious and life-threatening rare diseases and medical conditions. The last earnings update was 24 days ago. More info.
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BMRN Share Price and Events
7 Day Returns
1 Year Returns
BMRN Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| BioMarin Pharmaceutical (BMRN) | -2.2% | 2% | -0.2% | -0.7% | 0.5% | 52.5% |
| US Biotechs | 1% | -0% | -3.2% | -4.6% | 3.8% | 9.7% |
| US Market | 0.2% | -1.6% | 2.4% | 2.9% | 36.1% | 41% |
1 Year Return vs Industry and Market
- BMRN outperformed the Biotechs industry which returned -4.6% over the past year.
- BMRN underperformed the Market in United States of America which returned 2.9% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
BioMarin Pharmaceutical
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for BioMarin Pharmaceutical.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 25 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 10.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Biotechs Unlevered Beta | Simply Wall St/ S&P Global | 1.38 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.383 (1 + (1- 21%) (5.68%)) |
1.298 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.3 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.298 * 5.96%) |
10.47% |
Discounted Cash Flow Calculation for NasdaqGS:BMRN using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for BioMarin Pharmaceutical is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 10.47%) |
|
|---|---|---|---|
| 2019 | -73.00 | Analyst x2 | -66.08 |
| 2020 | 47.00 | Analyst x2 | 38.51 |
| 2021 | 210.00 | Analyst x2 | 155.78 |
| 2022 | 330.00 | Analyst x1 | 221.59 |
| 2023 | 682.00 | Analyst x1 | 414.56 |
| 2024 | 992.51 | Est @ 45.53% | 546.14 |
| 2025 | 1,316.96 | Est @ 32.69% | 655.99 |
| 2026 | 1,629.10 | Est @ 23.7% | 734.57 |
| 2027 | 1,912.73 | Est @ 17.41% | 780.73 |
| 2028 | 2,161.51 | Est @ 13.01% | 798.67 |
| Present value of next 10 years cash flows | $4,280.47 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $2,161.51 × (1 + 2.73%) ÷ (10.47% – 2.73%) |
$28,693.84 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $28,693.84 ÷ (1 + 10.47%)10 |
$10,602.26 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $4,280.47 + $10,602.26 |
$14,882.73 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $14,882.73 / 179.07 |
$83.11 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $83.11 |
| Current discount | Discount to share price of
$87.69
= -1 x ($87.69 - $83.11) / $83.11 |
-5.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of BioMarin Pharmaceutical is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for BioMarin Pharmaceutical's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
BioMarin Pharmaceutical's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $-0.50 |
| NasdaqGS:BMRN Share Price ** | NasdaqGS (2019-05-22) in USD | $87.69 |
| United States of America Biotechs Industry PE Ratio | Median Figure of 35 Publicly-Listed Biotechs Companies | 19.23x |
| United States of America Market PE Ratio | Median Figure of 3,085 Publicly-Listed Companies | 17.79x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of BioMarin Pharmaceutical.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:BMRN Share Price ÷ EPS (both in USD) = 87.69 ÷ -0.50 |
-173.99x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- BioMarin Pharmaceutical is loss making, we can't compare its value to the US Biotechs industry average.
- BioMarin Pharmaceutical is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
BioMarin Pharmaceutical's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -173.99x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 25 Analysts |
74.6%per year |
| United States of America Biotechs Industry PEG Ratio | Median Figure of 28 Publicly-Listed Biotechs Companies | 1.26x |
| United States of America Market PEG Ratio | Median Figure of 2,123 Publicly-Listed Companies | 1.54x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for BioMarin Pharmaceutical, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
BioMarin Pharmaceutical's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $16.40 |
| NasdaqGS:BMRN Share Price * | NasdaqGS (2019-05-22) in USD | $87.69 |
| United States of America Biotechs Industry PB Ratio | Median Figure of 414 Publicly-Listed Biotechs Companies | 3.35x |
| United States of America Market PB Ratio | Median Figure of 5,201 Publicly-Listed Companies | 1.84x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:BMRN Share Price ÷ Book Value per Share (both in USD) = 87.69 ÷ 16.40 |
5.35x |
* Primary Listing of BioMarin Pharmaceutical.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- BioMarin Pharmaceutical is overvalued based on assets compared to the US Biotechs industry average.
Value checks
We assess BioMarin Pharmaceutical's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Biotechs industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Biotechs industry average (and greater than 0)? (1 check) BioMarin Pharmaceutical has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- BioMarin Pharmaceutical's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- BioMarin Pharmaceutical's earnings growth is expected to exceed the United States of America market average.
- BioMarin Pharmaceutical's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:BMRN Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 25 Analysts | 74.6% |
| NasdaqGS:BMRN Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 25 Analysts | 17.3% |
| United States of America Biotechs Industry Earnings Growth Rate | Market Cap Weighted Average | 22.6% |
| United States of America Biotechs Industry Revenue Growth Rate | Market Cap Weighted Average | 17.7% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.7% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 25 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 3,373 | 1,445 | 933 | 11 |
| 2022-12-31 | 2,721 | 745 | 516 | 13 |
| 2021-12-31 | 2,226 | 570 | 217 | 18 |
| 2020-12-31 | 1,948 | 366 | 50 | 24 |
| 2019-12-31 | 1,697 | 278 | -85 | 25 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 1,519 | 8 | -90 |
| 2018-12-31 | 1,491 | 20 | -77 |
| 2018-09-30 | 1,496 | -15 | -125 |
| 2018-06-30 | 1,439 | -23 | -125 |
| 2018-03-31 | 1,383 | 29 | -145 |
| 2017-12-31 | 1,314 | -9 | -117 |
| 2017-09-30 | 1,255 | -24 | -156 |
| 2017-06-30 | 1,201 | -72 | -181 |
| 2017-03-31 | 1,184 | -137 | -563 |
| 2016-12-31 | 1,117 | -228 | -630 |
| 2016-09-30 | 1,045 | -293 | -471 |
| 2016-06-30 | 974 | -286 | -524 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 25 Analyst Estimates (S&P Global) | See Below |
All data from BioMarin Pharmaceutical Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 4.95 | 8.28 | 2.10 | 10.00 |
| 2022-12-31 | 2.73 | 4.39 | 1.25 | 12.00 |
| 2021-12-31 | 1.16 | 2.72 | -0.24 | 16.00 |
| 2020-12-31 | 0.27 | 1.31 | -0.59 | 22.00 |
| 2019-12-31 | -0.48 | -0.34 | -0.71 | 21.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | -0.50 |
| 2018-12-31 | -0.44 |
| 2018-09-30 | -0.71 |
| 2018-06-30 | -0.71 |
| 2018-03-31 | -0.83 |
| 2017-12-31 | -0.67 |
| 2017-09-30 | -0.90 |
| 2017-06-30 | -1.06 |
| 2017-03-31 | -3.34 |
| 2016-12-31 | -3.80 |
| 2016-09-30 | -2.88 |
| 2016-06-30 | -3.25 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- BioMarin Pharmaceutical is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess BioMarin Pharmaceutical's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
BioMarin Pharmaceutical has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has BioMarin Pharmaceutical performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- BioMarin Pharmaceutical does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
- Unable to compare BioMarin Pharmaceutical's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare BioMarin Pharmaceutical's 1-year growth to the US Biotechs industry average as it is not currently profitable.
Earnings and Revenue History
All data from BioMarin Pharmaceutical Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 1,518.51 | -89.54 | 628.18 | |
| 2018-12-31 | 1,491.21 | -77.21 | 604.35 | |
| 2018-09-30 | 1,496.30 | -124.95 | 600.46 | |
| 2018-06-30 | 1,438.75 | -124.86 | 582.43 | |
| 2018-03-31 | 1,383.35 | -144.90 | 572.65 | |
| 2017-12-31 | 1,313.65 | -117.04 | 554.34 | |
| 2017-09-30 | 1,255.43 | -156.37 | 537.01 | |
| 2017-06-30 | 1,201.18 | -181.27 | 525.24 | |
| 2017-03-31 | 1,183.86 | -563.45 | 491.31 | |
| 2016-12-31 | 1,116.85 | -630.21 | 476.59 | |
| 2016-09-30 | 1,044.70 | -470.87 | 440.54 | |
| 2016-06-30 | 973.71 | -524.37 | 415.83 | |
| 2016-03-31 | 923.71 | -187.35 | 407.77 | |
| 2015-12-31 | 889.90 | -171.80 | 402.27 | |
| 2015-09-30 | 892.03 | -310.21 | 385.43 | |
| 2015-06-30 | 859.00 | -211.84 | 365.62 | |
| 2015-03-31 | 800.65 | -163.36 | 332.09 | |
| 2014-12-31 | 749.28 | -133.97 | 299.46 | |
| 2014-09-30 | 666.09 | -126.16 | 273.90 | |
| 2014-06-30 | 627.09 | -186.63 | 261.51 | |
| 2014-03-31 | 572.11 | -174.66 | 244.18 | |
| 2013-12-31 | 548.49 | -176.35 | 235.36 | |
| 2013-09-30 | 533.55 | -167.38 | 218.60 | |
| 2013-06-30 | 524.79 | -119.71 | 203.09 | |
| 2013-03-31 | 512.00 | -130.19 | 203.98 | |
| 2012-12-31 | 500.72 | -114.35 | 198.17 | |
| 2012-09-30 | 476.63 | -88.07 | 191.58 | |
| 2012-06-30 | 461.94 | -100.37 | 190.12 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if BioMarin Pharmaceutical has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if BioMarin Pharmaceutical has efficiently used its assets last year compared to the US Biotechs industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if BioMarin Pharmaceutical improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess BioMarin Pharmaceutical's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Biotechs industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
BioMarin Pharmaceutical has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is BioMarin Pharmaceutical's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up BioMarin Pharmaceutical's finances.
The net worth of a company is the difference between its assets and liabilities.
- BioMarin Pharmaceutical is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- BioMarin Pharmaceutical's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 2.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from BioMarin Pharmaceutical Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 2,936.63 | 891.93 | 894.85 |
| 2018-12-31 | 2,967.94 | 830.42 | 1,084.31 |
| 2018-09-30 | 2,914.95 | 1,200.35 | 1,443.38 |
| 2018-06-30 | 2,885.10 | 1,191.62 | 1,363.07 |
| 2018-03-31 | 2,807.00 | 1,183.00 | 1,382.80 |
| 2017-12-31 | 2,808.66 | 1,174.47 | 1,395.97 |
| 2017-09-30 | 2,813.56 | 1,166.04 | 1,257.10 |
| 2017-06-30 | 2,795.58 | 676.21 | 727.78 |
| 2017-03-31 | 2,769.09 | 690.93 | 678.06 |
| 2016-12-31 | 2,766.28 | 683.24 | 789.68 |
| 2016-09-30 | 2,645.81 | 675.64 | 1,034.85 |
| 2016-06-30 | 1,917.58 | 670.11 | 503.29 |
| 2016-03-31 | 2,290.24 | 668.01 | 456.85 |
| 2015-12-31 | 2,400.85 | 662.29 | 592.62 |
| 2015-09-30 | 2,292.64 | 667.79 | 618.33 |
| 2015-06-30 | 2,356.96 | 661.49 | 681.55 |
| 2015-03-31 | 2,425.46 | 655.49 | 1,008.69 |
| 2014-12-31 | 1,527.89 | 642.90 | 945.19 |
| 2014-09-30 | 1,508.44 | 656.88 | 666.37 |
| 2014-06-30 | 1,461.97 | 650.87 | 836.62 |
| 2014-03-31 | 1,460.12 | 661.42 | 887.48 |
| 2013-12-31 | 1,341.04 | 655.57 | 784.72 |
| 2013-09-30 | 1,276.49 | 78.31 | 379.65 |
| 2013-06-30 | 1,258.26 | 109.82 | 400.56 |
| 2013-03-31 | 1,250.15 | 109.85 | 401.88 |
| 2012-12-31 | 1,015.76 | 348.22 | 447.81 |
| 2012-09-30 | 1,015.19 | 348.30 | 426.46 |
| 2012-06-30 | 1,000.43 | 348.31 | 402.59 |
- BioMarin Pharmaceutical's level of debt (30.4%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (45.3% vs 30.4% today).
CASH RUNWAY ANALYSIS
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
- BioMarin Pharmaceutical has sufficient cash runway for more than 3 years based on current free cash flow.
- BioMarin Pharmaceutical has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -78.5% each year.
Financial health checks
We assess BioMarin Pharmaceutical's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) BioMarin Pharmaceutical has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is BioMarin Pharmaceutical's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
BioMarin Pharmaceutical
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate BioMarin Pharmaceutical's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate BioMarin Pharmaceutical's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 25 Analyst Estimates (S&P Global) | See Below |
| Global Biotechs Industry Average Dividend Yield | Market Cap Weighted Average of 19 Stocks | 2.4% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2005 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 0.00 | 3.00 |
| 2020-12-31 | 0.00 | 4.00 |
| 2019-12-31 | 0.00 | 4.00 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as BioMarin Pharmaceutical has not reported any payouts.
- Unable to verify if BioMarin Pharmaceutical's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess BioMarin Pharmaceutical's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can BioMarin Pharmaceutical afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) BioMarin Pharmaceutical has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $15,627,893 |
| AGE | 65 |
| TENURE AS CEO | 14 years |
CEO Bio
Mr. Jean-Jacques Bienaime, MBA, has been the Chief Executive Officer of Biomarin Pharmaceutical Inc. since June 2005. He served as Director at Vital Therapies, Inc. since September 2013 to October 10, 2018. Mr. Bienaime served as the Chief Executive Officer and President of Danisco US Inc. (formerly, Genencor) from November 2002 to April 2005. He has over 25 years of experience in the biotechnology and pharmaceutical industries. Before Genencor, he served as the President since June 1998, Chief Executive Officer since February 1999 and Chief Operating Officer from June 1998 to February 1999 at SangStat Medical Corporation. From 1992 to 1998, Mr. Bienaime held several senior management positions at Rhone-Poulenc Rorer Pharmaceuticals (now Sanofi-Aventis), including Senior Vice President of Corporate Marketing and Business Development and Vice President and General Manager of the advanced therapeutic and oncology division. He worked at Genentech, Inc., where he was involved in the launch of tissue plasminogen activator (t-PA) for the treatment of heart attacks. He served as the Director of Marketing, Cardiopulmonary Products at Genentech Inc. Mr. Bienaime has been the Chairman of the Board at Biomarin Pharmaceutical Inc. since June 9, 2015. He served as Chairman of Danisco US Inc. (formerly, Genencor) from April 2003 to May 2005, SangStat Medical Corporation from 1998 to November 2002 and NeurogesX Inc. from May 29, 2007 to April 2011. He has been a Director of Biomarin Pharmaceutical Inc. since May 2005, Incyte Corporation since January 20, 2015. He serves as a Member of Advisory Board at BB Biotech Ventures G.P. and BB Biotech Ventures II. Mr. Bienaimé served as a Director of InterMune, Inc. since March 27, 2012 until September 29, 2014. He served as a Director of SangStat Medical Corporation since March 1999. He served as an Independent Director of Portola Pharmaceuticals, Inc. from September 23, 2010 to June 30, 2014. He served as Lead Director and Director of Saegis Pharmaceuticals Inc. He served as a Director of Danisco US Inc. from November 2002 to April 2005. He served as a Director of Aerogen Inc. since 1999 and served as its Lead Director since June 30, 2005. He served as Director of StemCells Inc. and Ensemble Therapeutics Corporation. Mr. Bienaimé served as a Lead Director of NeurogesX Inc. from April 2011 to June 7, 2012 and its Director from February 2004 to June 7, 2012. In June 2004, Mr. Bienaimé is a director of the Biotech Industry Organization and the Pharmaceutical Research and Manufacturers of America® (PhRMA). He serves as a Director of Fox Chase Cancer Center in Philadelphia. Mr. Bienaimé received an MBA degree from the Wharton School at the University of Pennsylvania and a B.S. Degree in Economics from Ecole Superieure de Commerce de Paris in France.
CEO Compensation
- Jean-Jacques's compensation has been consistent with company performance over the past year, both up more than 20%.
- Jean-Jacques's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the BioMarin Pharmaceutical management team in years:
- The average tenure for the BioMarin Pharmaceutical management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Jean-Jacques Bienaimé
Chairman & CEO
$16M
65
14 yrs
Dan Spiegelman
Executive VP & CFO
$5M
59
Robert Baffi
Executive Vice President of Technical Operations
$4M
63
Jeff Ajer
Executive VP & Chief Commercial Officer
$5M
56
6.6 yrs
Hank Fuchs
President of Worldwide Research & Development
$6M
60
2.6 yrs
Brian Mueller
Senior VP of Finance & Chief Accounting Officer
44
8.2 yrs
Lon Cardon
Senior VP & Chief Scientific Officer
Traci McCarty
Vice President of Investor Relations
George Davis
Executive VP
$3M
47
15.3 yrs
Philip Scalzo
Senior VP & Chief Compliance Officer
Board of Directors Tenure
Average tenure and age of the BioMarin Pharmaceutical board of directors in years:
- The tenure for the BioMarin Pharmaceutical board of directors is about average.
Board of Directors
Jean-Jacques Bienaimé
Chairman & CEO
$16M
65
3.9 yrs
Elaine Heron
Independent Director
$501K
70
16.8 yrs
Mike Grey
Independent Director
$490K
65
13.4 yrs
Alan Lewis
Independent Director
$490K
72
13.9 yrs
Bob Hombach
Director
$493K
52
1.7 yrs
Randy Meier
Lead Independent Director
$545K
58
3.9 yrs
V. Lawlis
Independent Director
$482K
66
11.9 yrs
Dennis Slamon
Independent Director
$479K
69
5.2 yrs
David E. Pyott
Independent Director
$480K
65
3.3 yrs
Will Dere
Independent Director
$479K
64
2.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 18. Sep 18 | Sell | George Davis | Individual | 14. Sep 18 | 14. Sep 18 | -2,216 | $99.46 | $-220,386 | ||
| 17. Sep 18 | Sell | George Davis | Individual | 13. Sep 18 | 13. Sep 18 | -12,000 | $99.57 | $-1,194,840 | ||
| 07. Sep 18 | Sell | Elaine Heron | Individual | 05. Sep 18 | 05. Sep 18 | -1,000 | $96.94 | $-96,935 | ||
| 28. Aug 18 | Sell | Henry Fuchs | Individual | 24. Aug 18 | 27. Aug 18 | -25,000 | $100.00 | $-2,487,500 | ||
| 22. Aug 18 | Sell | Alan Lewis | Individual | 21. Aug 18 | 21. Aug 18 | -4,200 | $100.09 | $-420,365 | ||
Management checks
We assess BioMarin Pharmaceutical's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) BioMarin Pharmaceutical has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Read This Before Buying BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) Shares
So we'll take a look at whether insiders have been buying or selling shares in BioMarin Pharmaceutical Inc. … View our latest analysis for BioMarin Pharmaceutical BioMarin Pharmaceutical Insider Transactions Over The Last Year The President of Worldwide Research & Development, Henry Fuchs, made the biggest insider sale in the last 12 months. … Our analysis of BioMarin Pharmaceutical insider transactions leaves us cautious.
Simply Wall St - – Full articleDid You Miss BioMarin Pharmaceutical's (NASDAQ:BMRN) 46% Share Price Gain?
Because BioMarin Pharmaceutical is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … Shareholders of unprofitable companies usually expect strong revenue growth. … For the last half decade, BioMarin Pharmaceutical can boast revenue growth at a rate of 19% per year.
Simply Wall St - – Full articleIs BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) As Strong As Its Balance Sheet Indicates?
Common characteristics for these big stocks are their strong balance sheet and high liquidity, which means there's plenty of stocks available to the public for trading. … These companies are resilient in times of low liquidity and are not as strongly impacted by interest rate hikes as companies with lots of debt. … Assessing the most recent data for BMRN, I will take you through the key ratios to measure financial health, in particular, its solvency and liquidity.
Simply Wall St - – Full articleDoes BioMarin Pharmaceutical Inc.'s (NASDAQ:BMRN) CEO Pay Matter?
First, this article will compare CEO compensation with compensation at other large companies. … How Does Jean-Jacques Bienaimé's Compensation Compare With Similar Sized Companies. … has a market cap of US$16b, and is paying total annual CEO compensation of US$16m.
Simply Wall St - – Full articleWhen Will BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) Become Profitable?
BioMarin Pharmaceutical Inc.'s (NASDAQ:BMRN):. … BioMarin Pharmaceutical, Inc., a biotechnology company, develops and commercializes therapies for people with serious and life-threatening rare diseases and medical conditions. … With the latest financial year loss of -US$117.0m and a trailing-twelve month of -US$125.0m, the US$17b market-cap amplifies its loss by moving further away from its breakeven target?
Simply Wall St - – Full articleHave Insiders Been Selling BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) Shares This Year?
(NASDAQ:BMRN), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … We generally tread carefully if insiders have been selling on market, even if they sold slightly above the current price.
Simply Wall St - – Full articleBioMarin Pharmaceutical Inc. (NASDAQ:BMRN): Time For A Financial Health Check
Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as BioMarin Pharmaceutical Inc. … Today we will look at BioMarin Pharmaceutical’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis
Simply Wall St - – Full articleBioMarin Pharmaceutical Inc (NASDAQ:BMRN): Is Breakeven Near?
BioMarin Pharmaceutical Inc's (NASDAQ:BMRN):. … BioMarin Pharmaceutical, Inc., a biotechnology company, develops and commercializes therapies for people with serious and life-threatening rare diseases and medical conditions. … With the latest financial year loss of -US$117.0m and a trailing-twelve month of -US$125.0m, the US$17b market-cap amplifies its loss by moving further away from its breakeven target.
Simply Wall St - – Full articleBioMarin Pharmaceutical Inc (NASDAQ:BMRN): Time For A Financial Health Check
The size of BioMarin Pharmaceutical Inc (NASDAQ:BMRN), a US$17.66b large-cap, often attracts investors seeking a reliable investment in the stock market. … I will provide an overview of BioMarin Pharmaceutical’s financial liquidity and leverage to give you an idea of BioMarin Pharmaceutical’s position to take advantage of potential acquisitions or comfortably endure future downturns. … Note that this information is centred entirely on financial health and is a high-level overview, so I encourage you to look further
Simply Wall St - – Full articleDoes BioMarin Pharmaceutical Inc's (NASDAQ:BMRN) Debt Level Pose A Problem?
See our latest analysis for BioMarin Pharmaceutical How does BMRN’s operating cash flow stack up against its debt? … Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … Its cash flow coverage of less than a quarter of debt means that operating efficiency could be an issue.
Simply Wall St - – Full articleCompany Info
Description
BioMarin Pharmaceutical Inc., a biotechnology company, develops and commercializes therapies for people with serious and life-threatening rare diseases and medical conditions. Its commercial products include Aldurazyme to treat mucopolysaccharidosis I, a genetic disease; Brineura for the treatment of late infantile neuronal ceroid lipofuscinosis type 2, a form of Batten disease; and Kuvan, a proprietary synthetic oral form of 6R-BH4 that is used to treat patients with phenylketonuria (PKU), an inherited metabolic disease. The company’s commercial products also comprise Naglazyme, a recombinant form of N-acetylgalactosamine 4-sulfatase for patients with mucopolysaccharidosis VI; Palynziq, a PEGylated recombinant phenylalanine ammonia lyase enzyme for adult patients with PKU; Vimizim, an enzyme replacement therapy for the treatment of mucopolysaccharidosis IV Type A, a lysosomal storage disorder; and Firdapse for lambert eaton myasthenic syndrome. Its clinical and pre-clinical product pipeline includes valoctocogene roxaparvovec, an adeno associated virus vector drug development candidate in patients with severe hemophilia A; and vosoritide, a peptide therapeutic for the treatment of achondroplasia, a form of disproportionate short stature in humans. The company serves specialty pharmacies; and end-users, such as hospitals and foreign government agencies, as well as distributors and pharmaceutical wholesalers in the United States, Europe, Latin America, and internationally. It has collaboration and license agreements with Sarepta Therapeutics and Asubio Pharma Co., Ltd. The company was founded in 1996 and is headquartered in San Rafael, California.
Details
| Name: | BioMarin Pharmaceutical Inc. |
| BMRN | |
| Exchange: | NasdaqGS |
| Founded: | 1996 |
| $15,702,766,944 | |
| 179,071,353 | |
| Website: | http://www.biomarin.com |
| Address: |
BioMarin Pharmaceutical Inc. 770 Lindaro Street, San Rafael, California, 94901, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | BMRN | Common Stock | Nasdaq Global Select | US | USD | 23. Jul 1999 | |
| DB | BM8 | Common Stock | Deutsche Boerse AG | DE | EUR | 23. Jul 1999 | |
| LSE | 0HNC | Common Stock | London Stock Exchange | GB | USD | 23. Jul 1999 | |
| WBAG | BMRN | Common Stock | Wiener Boerse AG | AT | EUR | 23. Jul 1999 |
Number of employees
Current staff
Industry
| Biotechnology | |
| Pharmaceuticals & Biotech |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/23 03:45 |
| End of day share price update: | 2019/05/22 00:00 |
| Last estimates confirmation: | 2019/05/22 |
| Last earnings filing: | 2019/04/29 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
