Although the 2015 Baxalta spinoff was successful, Baxter's financial results fell substantially in 2022-23 on external pressures, such as inflation and weak medical utilization trends. With medical utilization rising, supply chain pressures easing, and new contracts with group purchasing organizations coming online, Baxter's profits remain in turnaround mode.
In the long run, Baxter should continue to grow at a decent clip, primarily around evolutionary innovation in all of the major business lines and moderate pricing or mix improvements.
Although Baxter's products are essential for medical care and patient health, GPO contract negotiations can limit pricing power and flexibility.
|
Metric
|
BAX
|
BDX
|
ICUI
|
|---|---|---|---|
Price/Earnings (Normalized) | 11.04 | 11.62 | 19.40 |
Price/Book Value | 1.95 | 1.78 | 1.84 |
Price/Sales | 1.04 | 2.17 | 1.81 |
Price/Cash Flow | 10.41 | 11.26 | 12.58 |
|
Metric
|
BAX
|
BDX
|
ICUI
|
|---|---|---|---|
Quick Ratio | 1.01 | 0.36 | 0.99 |
Current Ratio | 1.85 | 0.94 | 2.34 |
Interest Coverage | −0.93 | 3.53 | 1.03 |
|
Metric
|
BAX
|
BDX
|
ICUI
|
|---|---|---|---|
Return on Assets (Normalized) | 4.98% | 4.29% | 2.75% |
Return on Equity (Normalized) | 15.23% | 9.24% | 5.37% |
Return on Invested Capital (Normalized) | 7.36% | 6.41% | 4.97% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| Intuitive Surgical Inc
ISRG
| LOCK|z&XvT^^ | LOCK|x!w | $144B | |||
| Becton Dickinson & Co
BDX
| LOCK|ML | LOCK|BCJMt | $42B | |||
| Medline Inc Ordinary Shares - Class A
MDLN
| LOCK|l$>&S# | LOCK|h%H$ | $35B | |||
| Alcon Inc
ALC
| LOCK|<rGjn? | LOCK|!bth | $33B | |||
| ResMed Inc
RMD
| LOCK|Q#<WY@?X | LOCK|gPF$? | $30B | |||
| West Pharmaceutical Services Inc
WST
| LOCK|^zsKkHDG | LOCK|fz | $25B | |||
| The Cooper Companies Inc
COO
| LOCK|!gz!&m# | LOCK|k$Xy | $14B | |||
| Solventum Corp
SOLV
| LOCK|bkl$j@ | LOCK|<m% | $13B | |||
| Align Technology Inc
ALGN
| LOCK|hMjS%&T | LOCK|psN# | $13B |
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United States