Company Valuation: Becton, Dickinson and Company

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 70,597 63,550 75,002 69,688 53,648 45,143 - -
Change - -9.98% 18.02% -7.08% -23.02% -15.85% - -
Enterprise Value (EV) 1 85,924 78,609 89,465 88,081 72,188 63,810 62,090 60,229
Change - -8.51% 13.81% -1.55% -18.04% -11.61% -2.7% -3%
P/E ratio 35.9x 37.9x 52.3x 40.7x 32.2x 26.4x 21.6x 21.3x
PBR 2.95x 3.21x 3.71x 2.69x 2.1x 1.64x 1.6x 1.57x
PEG - -2.7x -3.3x 2x -17.36x 8.38x 1x 14.64x
Capitalization / Revenue 3.49x 3.37x 3.87x 3.44x 2.46x 2.36x 2.29x 2.21x
EV / Revenue 4.24x 4.17x 4.62x 4.35x 3.31x 3.33x 3.15x 2.94x
EV / EBITDA 14.7x 15.2x 13.1x 12.4x 12x 11.5x 10.6x 9.81x
EV / EBIT 17.3x 18x 19.6x 18.3x 13.2x 13.3x 12.4x 11.5x
EV / FCF 25.2x 52.5x 42.3x 28.2x 27x 19.4x 20.9x 19.2x
FCF Yield 3.98% 1.91% 2.37% 3.54% 3.7% 5.14% 4.78% 5.22%
Dividend per Share 2 3.32 3.48 3.64 3.8 4.16 3.86 3.927 3.891
Rate of return 1.35% 1.56% 1.41% 1.58% 2.22% 2.43% 2.48% 2.45%
EPS 2 6.85 5.88 4.94 5.93 5.82 6.003 7.333 7.44
Distribution rate 48.5% 59.2% 73.7% 64.1% 71.5% 64.3% 53.5% 52.3%
Net sales 1 20,248 18,870 19,372 20,245 21,840 19,155 19,713 20,465
EBITDA 1 5,838 5,160 6,846 7,099 6,028 5,572 5,881 6,140
EBIT 1 4,971 4,362 4,558 4,813 5,468 4,800 5,014 5,234
Net income 1 2,002 1,689 1,424 1,726 1,678 1,703 2,073 2,145
Net Debt 1 15,327 15,059 14,463 18,393 18,540 18,667 16,947 15,086
Reference price 2 245.82 222.83 258.53 241.10 187.17 158.54 158.54 158.54
Nbr of stocks (in thousands) 2,87,190 2,85,195 2,90,109 2,89,042 2,86,627 2,84,742 - -
Announcement Date 04/11/21 10/11/22 09/11/23 07/11/24 06/11/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
26.41x3.33x11.45x2.43% 4.51TCr
24.35x3.58x13.48x2.55% 17TCr
21.26x3.72x13.32x3.31% 11TCr
23.01x0.19x12.29x0.73% 6.37TCr
39.51x9.85x26.53x0.98% 6.15TCr
44.58x1.56x13.55x0.22% 3.87TCr
26.24x4.65x15.21x-.--% 2.47TCr
28.04x3.91x14.33x1.08% 2.21TCr
46.18x6.4x20.39x0.47% 2.17TCr
23.48x2.97x12.11x1.38% 2.03TCr
Average 30.31x 4.02x 15.27x 1.32% 5.77TCr
Weighted average by Cap. 27.76x 3.89x 14.87x 1.88%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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