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Becton Dickinson & Co BDX

Morningstar Rating
$233.15 +0.94 (0.40%)
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Company Report

Becton, Dickinson Should See Normalization in 2024 With Alaris' Return

After a tumultuous few years, Becton, Dickinson is undergoing course correction. The COVID-19 revenue windfall has been reinvested, which should lift the firm's core business growth in the upcoming years as the testing revenue fades. As Alaris has now returned to the market, the last remaining uncertainty has been resolved, although it is still to be seen whether the damage experienced by the franchise will be long-lasting or whether Alaris can regain its market-leading share rapidly.

Price vs Fair Value

BDX is trading within a range we consider fairly valued.
Price
$233.15
Fair Value
$878.00
Uncertainty
Medium
1-Star Price
$337.24
5-Star Price
$498.20
Economic Moat
Slcgkkq
Capital Allocation
Cmwcbrk

Bulls Say, Bears Say

Bulls

The pharmaceutical business is the star of BD's portfolio. We expect robust growth to continue driven by demand for injectables.

Bears

BD's China medication delivery segment is facing competitive bidding challenges, which will pressure the overall growth in China in the upcoming years.

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News

Trading Information

Previous Close Price
$232.21
Day Range
$230.47233.25
52-Week Range
$229.40287.32
Bid/Ask
$231.14 / $235.56
Market Cap
$67.36 Bil
Volume/Avg
76 / 1.4 Mil

Key Statistics

Price/Earnings (Normalized)
19.56
Price/Sales
3.47
Dividend Yield (Trailing)
1.60%
Dividend Yield (Forward)
1.63%
Total Yield
1.60%

Company Profile

Becton, Dickinson is the world's largest manufacturer and distributor of medical surgical products, such as needles, syringes, and sharps-disposal units. The company also manufactures pre-filled devices, diagnostic instruments and reagents, as well as flow cytometry and cell-imaging systems. BD Medical is nearly half of the total business, while BD Life Sciences (27% of 2023 revenue) and BD Interventional (24%) account for the remainder. International revenue accounts for 43% of the company's business.
Sector
Healthcare
Industry
Medical Instruments & Supplies
Stock Style Box
Large Core
Total Number of Employees
73,000

Competitors

Valuation

Metric
BDX
MDT
RHHBY
Price/Earnings (Normalized)
19.5614.6411.10
Price/Book Value
2.662.035.52
Price/Sales
3.473.262.89
Price/Cash Flow
20.7514.4210.64
Price/Earnings
BDX
MDT
RHHBY

Financial Strength

Metric
BDX
MDT
RHHBY
Quick Ratio
0.461.460.99
Current Ratio
1.082.301.35
Interest Coverage
4.178.8614.93
Quick Ratio
BDX
MDT
RHHBY

Profitability

Metric
BDX
MDT
RHHBY
Return on Assets (Normalized)
3.40%7.75%17.03%
Return on Equity (Normalized)
7.05%13.75%53.42%
Return on Invested Capital (Normalized)
5.04%9.87%26.30%
Return on Assets
BDX
MDT
RHHBY
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WST
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RMD
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COO
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TFX
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