Becton Dickinson and Co

Find Ratings Reports
BDX : NYSE : Health Care
$201.39 -0.09 | -0.04%
Today's Range: 200.82 - 202.67
Avg. Daily Volume: 1345600.0
08/16/17 - 4:00 PM ET

Financial Analysis


BECTON DICKINSON & CO's gross profit margin for the third quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry. BECTON DICKINSON & CO is extremely liquid. Currently, the Quick Ratio is 4.78 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.

At the same time, stockholders' equity ("net worth") has greatly increased by 56.69% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.

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Income Statement Q3 FY17 Q3 FY16
Net Sales ($mil)3035.03198.0
EBITDA ($mil)877.0879.0
EBIT ($mil)598.0607.0
Net Income ($mil)-132.0391.0


Balance Sheet Q3 FY17 Q3 FY16
Cash & Equiv. ($mil)13868.01701.0
Total Assets ($mil)37166.026016.0
Total Debt ($mil)19016.011911.0
Equity ($mil)12587.08033.0


Profitability Q3 FY17 Q3 FY16
Gross Profit Margin58.7156.85
EBITDA Margin28.8927.48
Operating Margin19.718.98
Sales Turnover0.330.47
Return on Assets2.124.37
Return on Equity6.0314.17
Debt Q3 FY17 Q3 FY16
Current Ratio5.561.55
Debt/Capital0.60.6
Interest Expense96.097.0
Interest Coverage6.236.26


Share Data Q3 FY17 Q3 FY16
Shares outstanding (mil)227.57212.93
Div / share0.730.66
EPS-0.751.8
Book value / share55.3137.73
Institutional Own % n/a n/a
Avg Daily Volume1438752.01528809.0

Valuation


BUY. This stock's P/E ratio indicates a premium compared to an average of 47.28 for the Health Care Equipment & Supplies industry and a significant premium compared to the S&P 500 average of 24.31. To use another comparison, its price-to-book ratio of 3.58 indicates a premium versus the S&P 500 average of 3.03 and a discount versus the industry average of 4.71. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
BDX 56.63 Peers 47.28   BDX 20.76 Peers 37.28

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

BDX is trading at a premium to its peers.

 

Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

BDX is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
BDX 18.99 Peers 25.35   BDX 0.51 Peers 0.98

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

BDX is trading at a discount to its peers.

 

Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

BDX trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
BDX 3.58 Peers 4.71   BDX -33.47 Peers 34.10

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

BDX is trading at a discount to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, BDX is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
BDX 3.71 Peers 4.99   BDX -1.26 Peers 11.41

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

BDX is trading at a significant discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

BDX significantly trails its peers on the basis of sales growth

 

 

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