Bristol-Myers Squibb
Market Cap
US$133.8b
Last Updated
2020/07/05 23:46 UTC
Data Sources
Company Financials +
Executive Summary
Bristol-Myers Squibb Company discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products worldwide.
Rewards
Risk Analysis
+ 2 more risks
Snowflake Analysis
Good value with reasonable growth potential and pays a dividend.
Similar Companies
Share Price & News
How has Bristol-Myers Squibb's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BMY has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.8%
BMY
2.8%
US Pharmaceuticals
4.0%
US Market
1 Year Return
28.9%
BMY
0.9%
US Pharmaceuticals
5.0%
US Market
Return vs Industry: BMY exceeded the US Pharmaceuticals industry which returned 0.9% over the past year.
Return vs Market: BMY exceeded the US Market which returned 4.9% over the past year.
Shareholder returns
| BMY | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.8% | 2.8% | 4.0% |
| 30 Day | -3.6% | -2.3% | -1.1% |
| 90 Day | 2.2% | 4.5% | 21.1% |
| 1 Year | 33.0%28.9% | 3.6%0.9% | 7.2%5.0% |
| 3 Year | 15.7%5.8% | 23.8%14.7% | 36.0%27.1% |
| 5 Year | -1.8%-14.6% | 27.8%13.0% | 65.3%46.9% |
Price Volatility Vs. Market
How volatile is Bristol-Myers Squibb's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
It Might Not Be A Great Idea To Buy Bristol-Myers Squibb Company (NYSE:BMY) For Its Next Dividend2 weeks ago | Simply Wall St
Should You Or Shouldn't You: A Dividend Analysis on Bristol-Myers Squibb Company (NYSE:BMY)4 weeks ago | Simply Wall St
Here's Why Bristol-Myers Squibb (NYSE:BMY) Can Manage Its Debt ResponsiblyValuation
Is Bristol-Myers Squibb undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BMY ($59.14) is trading below our estimate of fair value ($171.27)
Significantly Below Fair Value: BMY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BMY is poor value based on its PE Ratio (115.4x) compared to the Pharmaceuticals industry average (20.7x).
PE vs Market: BMY is poor value based on its PE Ratio (115.4x) compared to the US market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: BMY is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: BMY is good value based on its PB Ratio (2.7x) compared to the US Pharmaceuticals industry average (3.3x).
Next Steps
Future Growth
How is Bristol-Myers Squibb forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
122.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BMY's forecast earnings growth (122.2% per year) is above the savings rate (2.2%).
Earnings vs Market: BMY's earnings (122.2% per year) are forecast to grow faster than the US market (22.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: BMY's revenue (5% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: BMY's revenue (5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BMY's Return on Equity is forecast to be high in 3 years time (33%)
Next Steps
Past Performance
How has Bristol-Myers Squibb performed over the past 5 years?
11.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BMY has a large one-off loss of $5.9B impacting its March 31 2010 financial results.
Growing Profit Margin: BMY's current net profit margins (3.1%) are lower than last year (22.1%).
Past Earnings Growth Analysis
Earnings Trend: BMY's earnings have grown by 11.3% per year over the past 5 years.
Accelerating Growth: BMY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BMY had negative earnings growth (-81.5%) over the past year, making it difficult to compare to the Pharmaceuticals industry average (16.1%).
Return on Equity
High ROE: BMY's Return on Equity (2%) is considered low.
Next Steps
Financial Health
How is Bristol-Myers Squibb's financial position?
Financial Position Analysis
Short Term Liabilities: BMY's short term assets ($31.9B) exceed its short term liabilities ($19.2B).
Long Term Liabilities: BMY's short term assets ($31.9B) do not cover its long term liabilities ($60.1B).
Debt to Equity History and Analysis
Debt Level: BMY's debt to equity ratio (93.5%) is considered high.
Reducing Debt: BMY's debt to equity ratio has increased from 47.8% to 93.5% over the past 5 years.
Debt Coverage: BMY's debt is well covered by operating cash flow (22.6%).
Interest Coverage: BMY's interest payments on its debt are well covered by EBIT (15.2x coverage).
Balance Sheet
Next Steps
Dividend
What is Bristol-Myers Squibb current dividend yield, its reliability and sustainability?
3.04%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BMY's dividend (3.04%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: BMY's dividend (3.04%) is low compared to the top 25% of dividend payers in the US market (4.5%).
Stability and Growth of Payments
Stable Dividend: BMY's dividends per share have been stable in the past 10 years.
Growing Dividend: BMY's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (335.5%), BMY's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BMY's dividends in 3 years are forecast to be well covered by earnings (25.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
Giovanni Caforio (55yo)
5.17yrs
Tenure
US$18,767,253
Compensation
Dr. Giovanni Caforio, M.D. serves as the Chief Executive Officer at Bristol-Myers Squibb Belgium NV/SA. Dr. Caforio has been the Chief Executive Officer of Bristol-Myers Squibb Farmacêutica Portuguesa, SA ...
CEO Compensation Analysis
Compensation vs Market: Giovanni's total compensation ($USD18.77M) is above average for companies of similar size in the US market ($USD11.50M).
Compensation vs Earnings: Giovanni's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 5.17yrs | US$18.77m | 0.020% $27.1m | |
| Executive VP & CFO | 0.67yr | US$5.49m | 0.0015% $2.0m | |
| Executive VP & General Counsel | 13.42yrs | US$7.52m | 0.026% $34.3m | |
| Executive VP & Chief Commercialization Officer | 2.5yrs | US$5.74m | 0.00093% $1.2m | |
| Executive Vice President of Research & Early Development | 0.67yr | US$5.17m | no data | |
| Executive VP & Chief Information Officer | 8.5yrs | no data | 0.0065% $8.7m | |
| VP & Head of Investor Relations | no data | no data | no data | |
| Senior VP | 2.5yrs | no data | 0.00075% $1.0m | |
| Executive VP & Chief Human Resources Officer | 4.08yrs | no data | 0.0023% $3.0m | |
| Executive VP and President of Global Product Development & Supply | 3.25yrs | US$4.13m | 0.0012% $1.6m |
3.3yrs
Average Tenure
55yo
Average Age
Experienced Management: BMY's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 5.17yrs | US$18.77m | 0.020% $27.1m | |
| Independent Director | 8.5yrs | US$315.00k | no data | |
| Lead Independent Director | 3.17yrs | US$393.24k | no data | |
| Independent Director | 7yrs | US$353.85k | 0.00098% $1.3m | |
| Independent Director | 3.42yrs | US$354.81k | 0.000010% $13.4k | |
| Independent Director | 3.42yrs | US$332.50k | 0.00050% $669.1k | |
| Independent Director | 4.25yrs | US$354.81k | no data | |
| Independent Director | 3.42yrs | US$337.50k | 0.0012% $1.6m | |
| Independent Director | 0.67yr | US$78.41k | 0.00030% $401.4k | |
| Independent Director | 2.5yrs | US$335.17k | no data |
3.4yrs
Average Tenure
63yo
Average Age
Experienced Board: BMY's board of directors are considered experienced (3.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BMY insiders have sold more shares than they have bought 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 38.3%.
Top Shareholders
Company Information
Bristol-Myers Squibb Company's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Bristol-Myers Squibb Company
- Ticker: BMY
- Exchange: NYSE
- Founded: 1887
- Industry: Pharmaceuticals
- Sector: Pharmaceuticals & Biotech
- Market Cap: US$133.815b
- Shares outstanding: 2.26b
- Website: https://www.bms.com
Number of Employees
Location
- Bristol-Myers Squibb Company
- 430 East 29th Street
- 14th Floor
- New York
- New York
- 10016
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BMY | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jan 1968 |
| BMY * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jan 1968 |
| BRM | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 1968 |
| BRM | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Jan 1968 |
| BMY | SWX (SIX Swiss Exchange) | Yes | Common Stock | CH | CHF | Jan 1968 |
| 0R1F | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jan 1968 |
| BRM | ETLX (Eurotlx) | Yes | Common Stock | IT | EUR | Jan 1968 |
| BMYS | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Jan 1968 |
| BMY | BASE (Buenos Aires Stock Exchange) | CEDEAR EACH REP 1 COM USD0.10 | AR | ARS | Mar 2009 | |
| BMYB34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EA REPR 1 COM SHS | BR | BRL | Aug 2012 |
Biography
Bristol-Myers Squibb Company discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products worldwide. It offers products in the following therapeutic classes: hematology, oncology, cardiovascular, and immunology. The company’s products include Opdivo, a biological product for anti-cancer indications; Eliquis, an oral inhibitor targeted at stroke prevention in adult patients with non-valvular atrial fibrillation, and the prevention and treatment of venous thromboembolic disorders; and Orencia, a biological product for adult patients with active RA and prostate-specific antigen, as well as reducing signs and symptoms in pediatric patients with active polyarticular juvenile idiopathic arthritis. It also provides Sprycel, a tyrosine kinase inhibitor for the treatment of Philadelphia chromosome-positive chronic myeloid leukemia; Yervoy, a monoclonal antibody for the treatment of patients with unresectable or metastatic melanoma; Empliciti, a humanized monoclonal antibody for the treatment of multiple myeloma; and Baraclude, an oral antiviral agent for the treatment of chronic hepatitis B. In addition, it offers Reyataz, a protease inhibitor for the treatment of human immunodeficiency virus (HIV); Sustiva franchise, a non-nucleoside reverse transcriptase inhibitor for the treatment of HIV; and Daklinza NS5A replication complex inhibitor, Sunvepra NS3 protease inhibitor, and Beclabuvir NS5B inhibitor. It sells products to wholesalers, retail pharmacies, hospitals, government entities, and medical profession. The company has collaboration agreements with Pfizer, Otsuka, Ono, Nektar, GRYT Health, and Ubiquigent Limited; clinical collaboration agreement with NeoImmuneTech, Inc.; and partnership with Astrazeneca Plc. The company was formerly known as Bristol-Myers Company and changed its name to Bristol-Myers Squibb Company in 1989. Bristol-Myers Squibb Company was founded in 1887 and is headquartered in New York, New York.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/05 23:46 |
| End of Day Share Price | 2020/07/02 00:00 |
| Earnings | 2020/03/31 |
| 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.