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BMY

Bristol-Myers SquibbNYSE:BMY Stock Report

Market Cap

US$121.3b

7D

-4.2%

1Y

-12.4%

Updated

30 Nov, 2021

Data

Company Financials +
BMY fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance0/6
Financial Health3/6
Dividends5/6

BMY Stock Overview

Bristol-Myers Squibb Company develops, licenses, manufactures, and markets biopharmaceutical products worldwide.

Bristol-Myers Squibb Competitors

Johnson & Johnson

NYSE:JNJ

US$420.6b

Pfizer

NYSE:PFE

US$294.1b

Merck

NYSE:MRK

US$189.2b

Zoetis

NYSE:ZTS

US$103.8b

Price History & Performance

Summary of all time highs, changes and price drops for Bristol-Myers Squibb
Historical stock prices
Current Share PriceUS$54.64
52 Week HighUS$69.75
52 Week LowUS$54.60
Beta0.59
1 Month Change-6.44%
3 Month Change-18.28%
1 Year Change-12.44%
3 Year Change2.55%
5 Year Change-1.64%
Change since IPO283.44%

Recent News & Updates

Nov 29

Bristol-Myers: Value Time Again

Bristol-Myers has seen a relatively uneventful 2021 after the Celgene and MyoKardia deal. Leverage has rapidly come under control. Bristol-Myers needs some further success on the topline sales front, amidst some upcoming expirations. The situation is very manageable amidst a non-demanding valuation. I am happily adding to my position here.

Nov 19

Bristol Myers Squibb: 5 Reasons To Buy The Current Dip, And 1 Caveat

Bristol Myers Squibb is the pharma with the share price that refuses to budge. Over the past five years, shares are up just 2%. Substantial investment in new assets and a strong pipeline helped shares grow nearly 20% in the first 9m of this year, before the recent slide back to $58. Everything seems to be in place for the pharma to drive some strong growth in 2022 however and finally buck the stagnant growth trend. I highlight five key strengths in the post below - I believe the intrinsic value of BMY shares could be as high as $100. The only caveat is the number of false dawns the company has experienced - will this time be different? I believe so.

Nov 17
Is Bristol-Myers Squibb (NYSE:BMY) Using Too Much Debt?

Is Bristol-Myers Squibb (NYSE:BMY) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

BMYUS PharmaceuticalsUS Market
7D-4.2%-1.7%-0.9%
1Y-12.4%15.2%23.3%

Return vs Industry: BMY underperformed the US Pharmaceuticals industry which returned 15.2% over the past year.

Return vs Market: BMY underperformed the US Market which returned 23.3% over the past year.

Price Volatility

Is BMY's price volatile compared to industry and market?
BMY volatility
BMY Average Weekly Movement2.4%
Pharmaceuticals Industry Average Movement9.3%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: BMY is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: BMY's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
188730,250Giovanni Caforiohttps://www.bms.com

Bristol-Myers Squibb Company develops, licenses, manufactures, and markets biopharmaceutical products worldwide. The company offers products in hematology, oncology, cardiovascular, and immunology therapeutic classes. Its products include Revlimid, an oral immunomodulatory drug for the treatment of multiple myeloma; Opdivo for anti-cancer indications; Eliquis, an oral inhibitor indicated for reduction in risk of stroke/systemic embolism in NVAF, and for the treatment of DVT/PE; and Orencia for adult patients with active RA and psoriatic arthritis, as well as reducing signs and symptoms in pediatric patients with active polyarticular juvenile idiopathic arthritis.

Bristol-Myers Squibb Fundamentals Summary

How do Bristol-Myers Squibb's earnings and revenue compare to its market cap?
BMY fundamental statistics
Market CapUS$121.28b
Earnings (TTM)-US$5.40b
Revenue (TTM)US$45.47b

2.7x

P/S Ratio

-22.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BMY income statement (TTM)
RevenueUS$45.47b
Cost of RevenueUS$9.22b
Gross ProfitUS$36.25b
ExpensesUS$41.66b
Earnings-US$5.40b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 04, 2022

Earnings per share (EPS)-2.44
Gross Margin79.73%
Net Profit Margin-11.89%
Debt/Equity Ratio120.0%

How did BMY perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

-81%

Payout Ratio

Valuation

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 ($54.64) is trading below our estimate of fair value ($216.38)

Significantly Below Fair Value: BMY is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: BMY is unprofitable, so we can't compare its PE Ratio to the US Pharmaceuticals industry average.

PE vs Market: BMY is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BMY's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BMY is overvalued based on its PB Ratio (3.3x) compared to the US Pharmaceuticals industry average (2.7x).


Future Growth

How is Bristol-Myers Squibb forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?

27.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BMY is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: BMY is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BMY's is expected to become profitable in the next 3 years.

Revenue vs Market: BMY's revenue (2.2% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: BMY's revenue (2.2% 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 very high in 3 years time (48.5%).


Past Performance

How has Bristol-Myers Squibb performed over the past 5 years?

-52.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BMY is currently unprofitable.

Growing Profit Margin: BMY is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BMY is unprofitable, and losses have increased over the past 5 years at a rate of 52.1% per year.

Accelerating Growth: Unable to compare BMY's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BMY is unprofitable, making it difficult to compare its past year earnings growth to the Pharmaceuticals industry (12.2%).


Return on Equity

High ROE: BMY has a negative Return on Equity (-14.44%), as it is currently unprofitable.


Financial Health

How is Bristol-Myers Squibb's financial position?


Financial Position Analysis

Short Term Liabilities: BMY's short term assets ($31.4B) exceed its short term liabilities ($21.5B).

Long Term Liabilities: BMY's short term assets ($31.4B) do not cover its long term liabilities ($52.1B).


Debt to Equity History and Analysis

Debt Level: BMY's net debt to equity ratio (77.6%) is considered high.

Reducing Debt: BMY's debt to equity ratio has increased from 43.2% to 120% over the past 5 years.

Debt Coverage: BMY's debt is well covered by operating cash flow (34.7%).

Interest Coverage: BMY's interest payments on its debt are well covered by EBIT (7x coverage).


Balance Sheet


Dividend

What is Bristol-Myers Squibb current dividend yield, its reliability and sustainability?

3.59%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BMY's dividend (3.59%) is higher than the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: BMY's dividend (3.59%) is in the top 25% of dividend payers in the US market (3.57%)


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: BMY is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: BMY's dividends in 3 years are forecast to be well covered by earnings (27% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

Giovanni Caforio (56 yo)

6.5yrs

Tenure

US$20,150,902

Compensation

Dr. Giovanni Caforio, M.D., serves as the Chief Executive Officer at Bristol-Myers Squibb Belgium NV/SA. He serves as Member of Business Roundtable and Chief Executive Officer Roundtable on Cancer. Dr. Caf...


CEO Compensation Analysis

Compensation vs Market: Giovanni's total compensation ($USD20.15M) is above average for companies of similar size in the US market ($USD11.14M).

Compensation vs Earnings: Giovanni's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: BMY's management team is seasoned and experienced (5.3 years average tenure).


Board Members

Experienced Board: BMY's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BMY 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

Bristol-Myers Squibb Company's 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$121.281b
  • Shares outstanding: 2.22b
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 00:09
End of Day Share Price2021/11/29 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.