BECTON DICKINSON AND CO (BOX.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:BOX - US0758871091 - Common Stock
169 EUR
-7.05 (-4%)
We assign a fundamental rating of 5 out of 10 to BOX. BOX was compared to 63 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 decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- In the past year BOX was profitable.
- In the past year BOX had a positive cash flow from operations.
- 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
- The Return On Assets of BOX (3.03%) is comparable to the rest of the industry.
- The Return On Equity of BOX (6.61%) is comparable to the rest of the industry.
- With a Return On Invested Capital value of 6.24%, BOX perfoms like the industry average, outperforming 58.73% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for BOX is below the industry average of 9.95%.
- The 3 year average ROIC (5.64%) for BOX is below the current ROIC(6.24%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.03% | ||
| ROE | 6.61% | ||
| ROIC | 6.24% |
ROA(3y)2.9%
ROA(5y)3.12%
ROE(3y)6.24%
ROE(5y)6.77%
ROIC(3y)5.64%
ROIC(5y)5.24%
1.3 Margins
- BOX has a Profit Margin of 7.68%. This is comparable to the rest of the industry: BOX outperforms 57.14% of its industry peers.
- In the last couple of years the Profit Margin of BOX has grown nicely.
- Looking at the Operating Margin, with a value of 15.70%, BOX is in the better half of the industry, outperforming 73.02% of the companies in the same industry.
- In the last couple of years the Operating Margin of BOX has grown nicely.
- BOX has a Gross Margin of 45.79%. This is in the lower half of the industry: BOX underperforms 68.25% of its industry peers.
- In the last couple of years the Gross Margin of BOX has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.7% | ||
| PM (TTM) | 7.68% | ||
| GM | 45.79% |
OM growth 3Y4.99%
OM growth 5Y10.71%
PM growth 3Y-4.96%
PM growth 5Y10%
GM growth 3Y0.22%
GM growth 5Y0.65%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BOX is destroying value.
- The number of shares outstanding for BOX has been reduced compared to 1 year ago.
- Compared to 5 years ago, BOX has less shares outstanding
- The debt/assets ratio for BOX has been reduced compared to a year ago.
2.2 Solvency
- An Altman-Z score of 2.18 indicates that BOX is not a great score, but indicates only limited risk for bankruptcy at the moment.
- BOX's Altman-Z score of 2.18 is in line compared to the rest of the industry. BOX outperforms 46.03% of its industry peers.
- The Debt to FCF ratio of BOX is 7.18, which is on the high side as it means it would take BOX, 7.18 years of fcf income to pay off all of its debts.
- Looking at the Debt to FCF ratio, with a value of 7.18, BOX is in line with its industry, outperforming 47.62% of the companies in the same industry.
- A Debt/Equity ratio of 0.73 indicates that BOX is somewhat dependend on debt financing.
- BOX has a worse Debt to Equity ratio (0.73) than 74.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.73 | ||
| Debt/FCF | 7.18 | ||
| Altman-Z | 2.18 |
ROIC/WACC0.66
WACC9.39%
2.3 Liquidity
- BOX has a Current Ratio of 1.11. This is a normal value and indicates that BOX is financially healthy and should not expect problems in meeting its short term obligations.
- BOX has a worse Current ratio (1.11) than 71.43% of its industry peers.
- A Quick Ratio of 0.64 indicates that BOX may have some problems paying its short term obligations.
- BOX has a worse Quick ratio (0.64) than 79.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.11 | ||
| Quick Ratio | 0.64 |
3. Growth
3.1 Past
- The Earnings Per Share has grown by an nice 9.57% over the past year.
- The Earnings Per Share has been growing slightly by 7.19% on average over the past years.
- The Revenue has grown by 8.24% in the past year. This is quite good.
- Measured over the past years, BOX shows a small growth in Revenue. The Revenue has been growing by 6.32% on average per year.
EPS 1Y (TTM)9.57%
EPS 3Y5.64%
EPS 5Y7.19%
EPS Q2Q%3.94%
Revenue 1Y (TTM)8.24%
Revenue growth 3Y4.99%
Revenue growth 5Y6.32%
Sales Q2Q%8.33%
3.2 Future
- BOX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.59% yearly.
- BOX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.38% yearly.
EPS Next Y4.17%
EPS Next 2Y5.22%
EPS Next 3Y5.36%
EPS Next 5Y6.59%
Revenue Next Year2.91%
Revenue Next 2Y3.14%
Revenue Next 3Y3.19%
Revenue Next 5Y3.38%
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 stable.
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 13.76, which indicates a correct valuation of BOX.
- Based on the Price/Earnings ratio, BOX is valued cheaper than 96.83% of the companies in the same industry.
- BOX's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.25.
- Based on the Price/Forward Earnings ratio of 13.21, the valuation of BOX can be described as correct.
- Based on the Price/Forward Earnings ratio, BOX is valued cheaply inside the industry as 87.30% of the companies are valued more expensively.
- BOX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.76 | ||
| Fwd PE | 13.21 |
4.2 Price Multiples
- BOX's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. BOX is cheaper than 73.02% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, BOX is valued a bit cheaper than 77.78% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.21 | ||
| EV/EBITDA | 12.62 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates BOX does not grow enough to justify the current Price/Earnings ratio.
- BOX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.3
PEG (5Y)1.91
EPS Next 2Y5.22%
EPS Next 3Y5.36%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.04%, 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 0.96. BOX pays more dividend than 80.95% of the companies in the same industry.
- BOX's Dividend Yield is comparable with the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.04% |
5.2 History
- The dividend of BOX has a limited annual growth rate of 3.22%.
Dividend Growth(5Y)3.22%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
- BOX pays out 71.28% 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.
DP71.28%
EPS Next 2Y5.22%
EPS Next 3Y5.36%
BECTON DICKINSON AND CO / BOX.DE FAQ
What is the fundamental rating for BOX stock?
ChartMill assigns a fundamental rating of 5 / 10 to BOX.DE.
What is the valuation status for BOX stock?
ChartMill assigns a valuation rating of 5 / 10 to BECTON DICKINSON AND CO (BOX.DE). This can be considered as Fairly Valued.
What is the profitability of BOX stock?
BECTON DICKINSON AND CO (BOX.DE) has a profitability rating of 6 / 10.
What are the PE and PB ratios of BECTON DICKINSON AND CO (BOX.DE) stock?
The Price/Earnings (PE) ratio for BECTON DICKINSON AND CO (BOX.DE) is 13.76 and the Price/Book (PB) ratio is 2.23.
What is the financial health of BECTON DICKINSON AND CO (BOX.DE) stock?
The financial health rating of BECTON DICKINSON AND CO (BOX.DE) is 3 / 10.