Boston Scientific CorpFind Ratings Reports
BOSTON SCIENTIFIC CORP's gross profit margin for the first quarter of its fiscal year 2017 has decreased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. BOSTON SCIENTIFIC CORP has very weak liquidity. Currently, the Quick Ratio is 0.45 which clearly shows a lack of ability to cover short-term cash needs. The liquidity decreased from the same period a year ago, despite already having weak liquidity to begin with. This would indicate deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has increased by 9.23% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.
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|Income Statement||Q1 FY17||Q1 FY16|
|Net Sales ($mil)||2160.0||1964.0|
|Net Income ($mil)||290.0||202.0|
|Balance Sheet||Q1 FY17||Q1 FY16|
|Cash & Equiv. ($mil)||156.0||338.0|
|Total Assets ($mil)||17943.0||17718.0|
|Total Debt ($mil)||5514.0||5677.0|
|Profitability||Q1 FY17||Q1 FY16|
|Gross Profit Margin||63.19||74.59|
|Return on Assets||2.42||-0.2|
|Return on Equity||6.16||-0.55|
|Debt||Q1 FY17||Q1 FY16|
|Share Data||Q1 FY17||Q1 FY16|
|Shares outstanding (mil)||1369.08||1354.57|
|Div / share||0.0||0.0|
|Book value / share||5.15||4.77|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||8068365.0||8346576.0|
BUY. BOSTON SCIENTIFIC CORP's P/E ratio indicates a significant premium compared to an average of 42.89 for the Health Care Equipment & Supplies industry and a significant premium compared to the S&P 500 average of 25.27. Conducting a second comparison, its price-to-book ratio of 5.08 indicates a significant premium versus the S&P 500 average of 3.03 and a premium versus the industry average of 4.95. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average. After reviewing these and other key valuation criteria, BOSTON SCIENTIFIC CORP proves to trade at a premium to investment alternatives within the industry.
|BSX 81.81||Peers 42.89||BSX NA||Peers 26.32|
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.
BSX is trading at a significant premium to its peers.
Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures.
Ratio not available.
|BSX 18.44||Peers 33.58||BSX 0.20||Peers 1.20|
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.
BSX is trading at a significant 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.
BSX trades at a significant discount to its peers.
|BSX 5.08||Peers 4.95||BSX 1166.66||Peers 124.00|
Average. 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.
BSX is trading at a valuation on par with its peers.
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
BSX is expected to have an earnings growth rate that significantly exceeds its peers.
|BSX 4.18||Peers 5.26||BSX 11.84||Peers 14.82|
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.
BSX is trading at a discount to its industry on this measurement.
Lower. A sales growth rate that trails the industry implies that a company is losing market share.
BSX trails its peers on the basis of sales growth