Bristol Myers Squibb Co (BMYMP)

Pharmaceutical Preparations

Latest Price

TTM P/E

Normalized P/E

TTM Div Yield

Fwd Div Yield

Book Value

P/B Ratio

Valuation metrics

EPS: $3.46

Book value / share: $9.18

Formula: √(22.5 × EPS × BVPS)

Graham Number

$26.73

Norm. op. income: $8.9B (median of 7yr)

Tax rate: 18%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$18.30

Base FCF: $12.8B (median of recent 5yr)

Growth: 8%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$118.11

EPS: $3.46

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$51.90