How Have Bristol-Myers Squibb’s Revenues, Expenses & Profits Changed Over The Last Five Years?

by Trefis Team
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Bristol-Myers Squibb
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We have created an interactive dashboard which looks at how Bristol-Myers Squibb’s (NYSE:BMY) revenues, expenses, and profits have changed over the last five years, as well as our forecasts for 2018. You can adjust the expected segment-wise revenue and margin forecast for 2018, and see its impact on the profitability, and earnings.

Change In Revenues By Division Between 2013 and 2017
  • The overall revenues increased by $4 billion over the last five years. This can be attributed to a significant ramp up in oncology drugs and cardiovascular drugs sales.

Change In Operating Expenses By Division Between 2013 and 2017

  • Operating expenses have increased by $1.6 billion over the last five years. This can be attributed to the oncology and cardiovascular segments, which saw an uptick in revenues during the period.

Change In Gross Profits By Division Between 2013 and 2017
  • The gross profit for the company increased by $2.8 billion over the last five years, led by oncology and cardiovascular drugs.

Trefis Estimates For 2018
  • We forecast BMY’s oncology drugs sales to grow in 2018 to around $9.3 billion led by a ramp up in Opdivo sales.
  • We also expect BMY’s Eliquis (in the cardiovascular segment) to continue to grow in the near term, as it is gaining market share. We estimate the segment sales to be around $5.2 billion in 2018.

Expect 2018 EPS To Be $3.2

  • We currently estimate the company’s EPS in 2018 to be $3.19, and our current price estimate for BMY is $60. You can adjust the Net Income to Gross Profit Ratio to arrive at your EPS estimate.

Our price estimate of $60 for Bristol Myers Squibb implies a discount of over 10% to the market.

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