BRISTOL-MYERS SQUIBB CO (BMY) Fundamental Analysis & Valuation

NYSE:BMY • US1101221083

Current stock price

58.08 USD
+0.02 (+0.03%)
At close:
57.95 USD
-0.13 (-0.22%)
Pre-Market:

This BMY fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. BMY Profitability Analysis

1.1 Basic Checks

  • In the past year BMY was profitable.
  • In the past year BMY had a positive cash flow from operations.
  • Of the past 5 years BMY 4 years were profitable.
  • BMY had a positive operating cash flow in each of the past 5 years.
BMY Yearly Net Income VS EBIT VS OCF VS FCFBMY Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B 10B 15B

1.2 Ratios

  • BMY's Return On Assets of 7.83% is amongst the best of the industry. BMY outperforms 88.48% of its industry peers.
  • BMY has a Return On Equity of 38.19%. This is amongst the best in the industry. BMY outperforms 96.86% of its industry peers.
  • BMY has a Return On Invested Capital of 19.52%. This is amongst the best in the industry. BMY outperforms 95.81% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for BMY is in line with the industry average of 13.10%.
  • The last Return On Invested Capital (19.52%) for BMY is above the 3 year average (14.47%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 7.83%
ROE 38.19%
ROIC 19.52%
ROA(3y)2.2%
ROA(5y)3.91%
ROE(3y)3.56%
ROE(5y)10.1%
ROIC(3y)14.47%
ROIC(5y)12.91%
BMY Yearly ROA, ROE, ROICBMY Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 -40

1.3 Margins

  • BMY has a Profit Margin of 14.64%. This is amongst the best in the industry. BMY outperforms 87.96% of its industry peers.
  • BMY's Profit Margin has improved in the last couple of years.
  • BMY has a Operating Margin of 35.82%. This is amongst the best in the industry. BMY outperforms 96.34% of its industry peers.
  • BMY's Operating Margin has improved in the last couple of years.
  • BMY has a Gross Margin of 72.63%. This is amongst the best in the industry. BMY outperforms 80.10% of its industry peers.
  • In the last couple of years the Gross Margin of BMY has remained more or less at the same level.
Industry RankSector Rank
OM 35.82%
PM (TTM) 14.64%
GM 72.63%
OM growth 3Y13.23%
OM growth 5Y20.59%
PM growth 3Y2.21%
PM growth 5YN/A
GM growth 3Y-2.43%
GM growth 5Y-0.33%
BMY Yearly Profit, Operating, Gross MarginsBMY Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60

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5

2. BMY Health Analysis

2.1 Basic Checks

  • BMY has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • The number of shares outstanding for BMY has been increased compared to 1 year ago.
  • BMY has less shares outstanding than it did 5 years ago.
  • BMY has a better debt/assets ratio than last year.
BMY Yearly Shares OutstandingBMY Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B
BMY Yearly Total Debt VS Total AssetsBMY Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B 100B

2.2 Solvency

  • An Altman-Z score of 2.50 indicates that BMY is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • BMY has a Altman-Z score of 2.50. This is in the better half of the industry: BMY outperforms 63.35% of its industry peers.
  • BMY has a debt to FCF ratio of 3.51. This is a good value and a sign of high solvency as BMY would need 3.51 years to pay back of all of its debts.
  • The Debt to FCF ratio of BMY (3.51) is better than 89.01% of its industry peers.
  • BMY has a Debt/Equity ratio of 2.33. This is a high value indicating a heavy dependency on external financing.
  • BMY's Debt to Equity ratio of 2.33 is on the low side compared to the rest of the industry. BMY is outperformed by 81.68% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.33
Debt/FCF 3.51
Altman-Z 2.5
ROIC/WACC2.24
WACC8.73%
BMY Yearly LT Debt VS Equity VS FCFBMY Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.3 Liquidity

  • A Current Ratio of 1.26 indicates that BMY should not have too much problems paying its short term obligations.
  • BMY's Current ratio of 1.26 is on the low side compared to the rest of the industry. BMY is outperformed by 80.10% of its industry peers.
  • A Quick Ratio of 1.14 indicates that BMY should not have too much problems paying its short term obligations.
  • BMY's Quick ratio of 1.14 is on the low side compared to the rest of the industry. BMY is outperformed by 78.01% of its industry peers.
Industry RankSector Rank
Current Ratio 1.26
Quick Ratio 1.14
BMY Yearly Current Assets VS Current LiabilitesBMY Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. BMY Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 439.47% over the past year.
  • Measured over the past years, BMY shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.92% on average per year.
  • Looking at the last year, BMY shows a decrease in Revenue. The Revenue has decreased by -0.22% in the last year.
  • The Revenue has been growing slightly by 2.54% on average over the past years.
EPS 1Y (TTM)439.47%
EPS 3Y-7.62%
EPS 5Y-0.92%
EPS Q2Q%-24.55%
Revenue 1Y (TTM)-0.22%
Revenue growth 3Y1.45%
Revenue growth 5Y2.54%
Sales Q2Q%1.3%

3.2 Future

  • Based on estimates for the next years, BMY will show a decrease in Earnings Per Share. The EPS will decrease by -4.15% on average per year.
  • Based on estimates for the next years, BMY will show a decrease in Revenue. The Revenue will decrease by -5.54% on average per year.
EPS Next Y2.96%
EPS Next 2Y0.32%
EPS Next 3Y-4.23%
EPS Next 5Y-4.15%
Revenue Next Year-1.85%
Revenue Next 2Y-1.95%
Revenue Next 3Y-5.42%
Revenue Next 5Y-5.54%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
BMY Yearly Revenue VS EstimatesBMY Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B 40B
BMY Yearly EPS VS EstimatesBMY Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2 4 6

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8

4. BMY Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 9.44, the valuation of BMY can be described as very reasonable.
  • Based on the Price/Earnings ratio, BMY is valued cheaper than 92.15% of the companies in the same industry.
  • BMY is valuated cheaply when we compare the Price/Earnings ratio to 27.33, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 9.17, the valuation of BMY can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, BMY is valued cheaply inside the industry as 89.01% of the companies are valued more expensively.
  • BMY is valuated cheaply when we compare the Price/Forward Earnings ratio to 38.16, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 9.44
Fwd PE 9.17
BMY Price Earnings VS Forward Price EarningsBMY Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, BMY is valued cheaply inside the industry as 94.24% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, BMY is valued cheaply inside the industry as 92.67% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 9.23
EV/EBITDA 7.16
BMY Per share dataBMY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • The excellent profitability rating of BMY may justify a higher PE ratio.
  • BMY's earnings are expected to decrease with -4.23% in the coming years. This may justify a cheaper valuation.
PEG (NY)3.19
PEG (5Y)N/A
EPS Next 2Y0.32%
EPS Next 3Y-4.23%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. BMY Dividend Analysis

5.1 Amount

  • BMY has a Yearly Dividend Yield of 4.24%, which is a nice return.
  • BMY's Dividend Yield is rather good when compared to the industry average which is at 0.42. BMY pays more dividend than 96.86% of the companies in the same industry.
  • BMY's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 4.24%

5.2 History

  • The dividend of BMY is nicely growing with an annual growth rate of 6.51%!
  • BMY has paid a dividend for at least 10 years, which is a reliable track record.
  • BMY has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)6.51%
Div Incr Years4
Div Non Decr Years4
BMY Yearly Dividends per shareBMY Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • 71.52% of the earnings are spent on dividend by BMY. This is not a sustainable payout ratio.
  • The Dividend Rate of BMY has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP71.52%
EPS Next 2Y0.32%
EPS Next 3Y-4.23%
BMY Yearly Income VS Free CF VS DividendBMY Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B 10B 15B
BMY Dividend Payout.BMY Dividend Payout, showing the Payout Ratio.BMY Dividend Payout.PayoutRetained Earnings

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BMY Fundamentals: All Metrics, Ratios and Statistics

BRISTOL-MYERS SQUIBB CO

NYSE:BMY (4/14/2026, 8:04:00 PM)

Premarket: 57.95 -0.13 (-0.22%)

58.08

+0.02 (+0.03%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryPharmaceuticals
Earnings (Last)02-05
Earnings (Next)04-30
Inst Owners83.83%
Inst Owner Change0.05%
Ins Owners0.03%
Ins Owner Change1.98%
Market Cap118.58B
Revenue(TTM)48.19B
Net Income(TTM)7.05B
Analysts70.56
Price Target62.9 (8.3%)
Short Float %1.54%
Short Ratio2.37
Dividend
Industry RankSector Rank
Dividend Yield 4.24%
Yearly Dividend2.51
Dividend Growth(5Y)6.51%
DP71.52%
Div Incr Years4
Div Non Decr Years4
Ex-Date04-02
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.39%
Min EPS beat(2)6.92%
Max EPS beat(2)11.85%
EPS beat(4)4
Avg EPS beat(4)18.29%
Min EPS beat(4)6.92%
Max EPS beat(4)35.04%
EPS beat(8)8
Avg EPS beat(8)16.75%
EPS beat(12)11
Avg EPS beat(12)12.26%
EPS beat(16)15
Avg EPS beat(16)10.82%
Revenue beat(2)2
Avg Revenue beat(2)1.61%
Min Revenue beat(2)0.79%
Max Revenue beat(2)2.43%
Revenue beat(4)4
Avg Revenue beat(4)3.42%
Min Revenue beat(4)0.79%
Max Revenue beat(4)6.79%
Revenue beat(8)8
Avg Revenue beat(8)3.86%
Revenue beat(12)9
Avg Revenue beat(12)1.94%
Revenue beat(16)12
Avg Revenue beat(16)1.77%
PT rev (1m)1.39%
PT rev (3m)13.78%
EPS NQ rev (1m)-0.18%
EPS NQ rev (3m)0.42%
EPS NY rev (1m)-0.02%
EPS NY rev (3m)4.46%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)2.9%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)6.81%
Valuation
Industry RankSector Rank
PE 9.44
Fwd PE 9.17
P/S 2.46
P/FCF 9.23
P/OCF 8.38
P/B 6.42
P/tB N/A
EV/EBITDA 7.16
EPS(TTM)6.15
EY10.59%
EPS(NY)6.33
Fwd EY10.9%
FCF(TTM)6.29
FCFY10.83%
OCF(TTM)6.93
OCFY11.94%
SpS23.6
BVpS9.05
TBVpS-10.96
PEG (NY)3.19
PEG (5Y)N/A
Graham Number35.3832 (-39.08%)
Profitability
Industry RankSector Rank
ROA 7.83%
ROE 38.19%
ROCE 25.91%
ROIC 19.52%
ROICexc 23.22%
ROICexgc 84.94%
OM 35.82%
PM (TTM) 14.64%
GM 72.63%
FCFM 26.65%
ROA(3y)2.2%
ROA(5y)3.91%
ROE(3y)3.56%
ROE(5y)10.1%
ROIC(3y)14.47%
ROIC(5y)12.91%
ROICexc(3y)17.24%
ROICexc(5y)15.38%
ROICexgc(3y)72.12%
ROICexgc(5y)85.46%
ROCE(3y)19.19%
ROCE(5y)17.14%
ROICexgc growth 3Y-3.78%
ROICexgc growth 5Y13.73%
ROICexc growth 3Y21.19%
ROICexc growth 5Y33.96%
OM growth 3Y13.23%
OM growth 5Y20.59%
PM growth 3Y2.21%
PM growth 5YN/A
GM growth 3Y-2.43%
GM growth 5Y-0.33%
F-Score7
Asset Turnover0.54
Health
Industry RankSector Rank
Debt/Equity 2.33
Debt/FCF 3.51
Debt/EBITDA 2.03
Cap/Depr 32.69%
Cap/Sales 2.72%
Interest Coverage 8.22
Cash Conversion 66.54%
Profit Quality 182.1%
Current Ratio 1.26
Quick Ratio 1.14
Altman-Z 2.5
F-Score7
WACC8.73%
ROIC/WACC2.24
Cap/Depr(3y)19.36%
Cap/Depr(5y)15.61%
Cap/Sales(3y)2.66%
Cap/Sales(5y)2.5%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)439.47%
EPS 3Y-7.62%
EPS 5Y-0.92%
EPS Q2Q%-24.55%
EPS Next Y2.96%
EPS Next 2Y0.32%
EPS Next 3Y-4.23%
EPS Next 5Y-4.15%
Revenue 1Y (TTM)-0.22%
Revenue growth 3Y1.45%
Revenue growth 5Y2.54%
Sales Q2Q%1.3%
Revenue Next Year-1.85%
Revenue Next 2Y-1.95%
Revenue Next 3Y-5.42%
Revenue Next 5Y-5.54%
EBIT growth 1Y49.54%
EBIT growth 3Y14.87%
EBIT growth 5Y23.65%
EBIT Next Year23.35%
EBIT Next 3Y2.42%
EBIT Next 5Y-1.47%
FCF growth 1Y-7.87%
FCF growth 3Y2.44%
FCF growth 5Y-0.69%
OCF growth 1Y-6.81%
OCF growth 3Y2.71%
OCF growth 5Y0.15%

BRISTOL-MYERS SQUIBB CO / BMY Fundamental Analysis FAQ

What is the ChartMill fundamental rating of BRISTOL-MYERS SQUIBB CO (BMY) stock?

ChartMill assigns a fundamental rating of 6 / 10 to BMY.


What is the valuation status for BMY stock?

ChartMill assigns a valuation rating of 8 / 10 to BRISTOL-MYERS SQUIBB CO (BMY). This can be considered as Undervalued.


How profitable is BRISTOL-MYERS SQUIBB CO (BMY) stock?

BRISTOL-MYERS SQUIBB CO (BMY) has a profitability rating of 9 / 10.


What is the valuation of BRISTOL-MYERS SQUIBB CO based on its PE and PB ratios?

The Price/Earnings (PE) ratio for BRISTOL-MYERS SQUIBB CO (BMY) is 9.44 and the Price/Book (PB) ratio is 6.42.


What is the earnings growth outlook for BRISTOL-MYERS SQUIBB CO?

The Earnings per Share (EPS) of BRISTOL-MYERS SQUIBB CO (BMY) is expected to grow by 2.96% in the next year.