BECTON DICKINSON AND CO (BOX.DE) Stock Fundamental Analysis
FRA:BOX - Deutsche Boerse Ag - US0758871091 - Common Stock - Currency: EUR
We assign a fundamental rating of 5 out of 10 to BOX. BOX was compared to 55 industry peers in the Health Care Equipment & Supplies industry. There are concerns on the financial health of BOX while its profitability can be described as average. BOX has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year BOX was profitable.
BOX had a positive operating cash flow in the past year.
BOX had positive earnings in each of the past 5 years.
Each year in the past 5 years BOX had a positive operating cash flow.
1.2 Ratios
BOX's Return On Assets of 3.20% is in line compared to the rest of the industry. BOX outperforms 56.36% of its industry peers.
The Return On Equity of BOX (6.94%) is better than 61.82% of its industry peers.
The Return On Invested Capital of BOX (4.37%) is comparable to the rest of the industry.
BOX had an Average Return On Invested Capital over the past 3 years of 4.19%. This is below the industry average of 8.28%.
The last Return On Invested Capital (4.37%) for BOX is above the 3 year average (4.19%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.2% | ||
| ROE | 6.94% | ||
| ROIC | 4.37% |
ROA(3y)2.96%
ROA(5y)2.8%
ROE(3y)6.26%
ROE(5y)6.09%
ROIC(3y)4.19%
ROIC(5y)3.65%
1.3 Margins
BOX's Profit Margin of 8.47% is fine compared to the rest of the industry. BOX outperforms 63.64% of its industry peers.
BOX's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 14.14%, BOX is doing good in the industry, outperforming 80.00% of the companies in the same industry.
In the last couple of years the Operating Margin of BOX has grown nicely.
Looking at the Gross Margin, with a value of 45.35%, BOX is doing worse than 60.00% of the companies in the same industry.
BOX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.14% | ||
| PM (TTM) | 8.47% | ||
| GM | 45.35% |
OM growth 3Y5.79%
OM growth 5Y2.6%
PM growth 3Y-6.88%
PM growth 5Y6.19%
GM growth 3Y0%
GM growth 5Y-1.08%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), BOX is destroying value.
The number of shares outstanding for BOX has been reduced compared to 1 year ago.
The number of shares outstanding for BOX has been increased compared to 5 years ago.
Compared to 1 year ago, BOX has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.32 indicates that BOX is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.32, BOX is in the better half of the industry, outperforming 61.82% of the companies in the same industry.
BOX has a debt to FCF ratio of 6.39. This is a slightly negative value and a sign of low solvency as BOX would need 6.39 years to pay back of all of its debts.
BOX's Debt to FCF ratio of 6.39 is fine compared to the rest of the industry. BOX outperforms 65.45% of its industry peers.
BOX has a Debt/Equity ratio of 0.69. This is a neutral value indicating BOX is somewhat dependend on debt financing.
The Debt to Equity ratio of BOX (0.69) is worse than 69.09% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 6.39 | ||
| Altman-Z | 2.32 |
ROIC/WACC0.56
WACC7.84%
2.3 Liquidity
BOX has a Current Ratio of 1.13. This is a normal value and indicates that BOX is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.13, BOX is not doing good in the industry: 67.27% of the companies in the same industry are doing better.
A Quick Ratio of 0.63 indicates that BOX may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.63, BOX is doing worse than 78.18% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.13 | ||
| Quick Ratio | 0.63 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 16.69% over the past year.
BOX shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 2.41% yearly.
The Revenue has been growing slightly by 5.89% in the past year.
BOX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.14% yearly.
EPS 1Y (TTM)16.69%
EPS 3Y0.23%
EPS 5Y2.41%
EPS Q2Q%27.99%
Revenue 1Y (TTM)5.89%
Revenue growth 3Y1.79%
Revenue growth 5Y3.14%
Sales Q2Q%9.82%
3.2 Future
Based on estimates for the next years, BOX will show a small growth in Earnings Per Share. The EPS will grow by 6.89% on average per year.
BOX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.46% yearly.
EPS Next Y10.72%
EPS Next 2Y9.6%
EPS Next 3Y9.29%
EPS Next 5Y6.89%
Revenue Next Year8.21%
Revenue Next 2Y6.57%
Revenue Next 3Y6.07%
Revenue Next 5Y5.46%
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 accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 16.40 indicates a correct valuation of BOX.
BOX's Price/Earnings ratio is rather cheap when compared to the industry. BOX is cheaper than 89.09% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 29.35. BOX is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 14.43, which indicates a correct valuation of BOX.
81.82% of the companies in the same industry are more expensive than BOX, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.10. BOX is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.4 | ||
| Fwd PE | 14.43 |
4.2 Price Multiples
BOX's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BOX is cheaper than 78.18% of the companies in the same industry.
85.45% of the companies in the same industry are more expensive than BOX, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.31 | ||
| EV/EBITDA | 15.9 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of BOX may justify a higher PE ratio.
PEG (NY)1.53
PEG (5Y)6.79
EPS Next 2Y9.6%
EPS Next 3Y9.29%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.85%, BOX has a reasonable but not impressive dividend return.
BOX's Dividend Yield is rather good when compared to the industry average which is at 2.13. BOX pays more dividend than 83.64% of the companies in the same industry.
Compared to the average S&P500 Dividend Yield of 2.33, BOX is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.85% |
5.2 History
The dividend of BOX has a limited annual growth rate of 0.75%.
Dividend Growth(5Y)0.75%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
BOX pays out 64.47% of its income as dividend. This is not a sustainable payout ratio.
The dividend of BOX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP64.47%
EPS Next 2Y9.6%
EPS Next 3Y9.29%
FRA:BOX (3/7/2025, 7:00:00 PM)
210.1
+1.5 (+0.72%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners93.61%
Inst Owner ChangeN/A
Ins Owners0.57%
Ins Owner ChangeN/A
Market Cap60.33B
Analysts83.81
Price Target265.06 (26.16%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.85% |
Yearly Dividend3.5
Dividend Growth(5Y)0.75%
DP64.47%
Div Incr Years3
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.08%
Min EPS beat(2)0.11%
Max EPS beat(2)14.05%
EPS beat(4)4
Avg EPS beat(4)6.15%
Min EPS beat(4)0.11%
Max EPS beat(4)14.05%
EPS beat(8)7
Avg EPS beat(8)4.73%
EPS beat(12)10
Avg EPS beat(12)4.82%
EPS beat(16)14
Avg EPS beat(16)6.48%
Revenue beat(2)2
Avg Revenue beat(2)0.21%
Min Revenue beat(2)0.06%
Max Revenue beat(2)0.37%
Revenue beat(4)2
Avg Revenue beat(4)-0.45%
Min Revenue beat(4)-1.37%
Max Revenue beat(4)0.37%
Revenue beat(8)4
Avg Revenue beat(8)-0.15%
Revenue beat(12)6
Avg Revenue beat(12)-0.1%
Revenue beat(16)7
Avg Revenue beat(16)-0.99%
PT rev (1m)0.44%
PT rev (3m)-1.38%
EPS NQ rev (1m)-4.89%
EPS NQ rev (3m)-5.23%
EPS NY rev (1m)0.14%
EPS NY rev (3m)-0.01%
Revenue NQ rev (1m)-1.71%
Revenue NQ rev (3m)-2.14%
Revenue NY rev (1m)-0.69%
Revenue NY rev (3m)-0.86%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.4 | ||
| Fwd PE | 14.43 | ||
| P/S | 3.17 | ||
| P/FCF | 22.31 | ||
| P/OCF | 17.94 | ||
| P/B | 2.6 | ||
| P/tB | N/A | ||
| EV/EBITDA | 15.9 |
EPS(TTM)12.81
EY6.1%
EPS(NY)14.56
Fwd EY6.93%
FCF(TTM)9.42
FCFY4.48%
OCF(TTM)11.71
OCFY5.57%
SpS66.21
BVpS80.85
TBVpS-37.25
PEG (NY)1.53
PEG (5Y)6.79
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.2% | ||
| ROE | 6.94% | ||
| ROCE | 6.21% | ||
| ROIC | 4.37% | ||
| ROICexc | 4.44% | ||
| ROICexgc | 21.73% | ||
| OM | 14.14% | ||
| PM (TTM) | 8.47% | ||
| GM | 45.35% | ||
| FCFM | 14.22% |
ROA(3y)2.96%
ROA(5y)2.8%
ROE(3y)6.26%
ROE(5y)6.09%
ROIC(3y)4.19%
ROIC(5y)3.65%
ROICexc(3y)4.33%
ROICexc(5y)3.8%
ROICexgc(3y)22.89%
ROICexgc(5y)20.24%
ROCE(3y)5.98%
ROCE(5y)5.22%
ROICexcg growth 3Y6%
ROICexcg growth 5Y0.79%
ROICexc growth 3Y6.82%
ROICexc growth 5Y5.36%
OM growth 3Y5.79%
OM growth 5Y2.6%
PM growth 3Y-6.88%
PM growth 5Y6.19%
GM growth 3Y0%
GM growth 5Y-1.08%
F-Score8
Asset Turnover0.38
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 6.39 | ||
| Debt/EBITDA | 3.32 | ||
| Cap/Depr | 30.62% | ||
| Cap/Sales | 3.46% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 69.51% | ||
| Profit Quality | 167.96% | ||
| Current Ratio | 1.13 | ||
| Quick Ratio | 0.63 | ||
| Altman-Z | 2.32 |
F-Score8
WACC7.84%
ROIC/WACC0.56
Cap/Depr(3y)37.86%
Cap/Depr(5y)40.69%
Cap/Sales(3y)4.42%
Cap/Sales(5y)4.86%
Profit Quality(3y)142.37%
Profit Quality(5y)192.14%
High Growth Momentum
Growth
EPS 1Y (TTM)16.69%
EPS 3Y0.23%
EPS 5Y2.41%
EPS Q2Q%27.99%
EPS Next Y10.72%
EPS Next 2Y9.6%
EPS Next 3Y9.29%
EPS Next 5Y6.89%
Revenue 1Y (TTM)5.89%
Revenue growth 3Y1.79%
Revenue growth 5Y3.14%
Sales Q2Q%9.82%
Revenue Next Year8.21%
Revenue Next 2Y6.57%
Revenue Next 3Y6.07%
Revenue Next 5Y5.46%
EBIT growth 1Y7.95%
EBIT growth 3Y7.69%
EBIT growth 5Y5.82%
EBIT Next Year33%
EBIT Next 3Y14.75%
EBIT Next 5Y15%
FCF growth 1Y115.72%
FCF growth 3Y-3.8%
FCF growth 5Y5.31%
OCF growth 1Y54.73%
OCF growth 3Y-6.5%
OCF growth 5Y2.66%