Bristol-Myers Squibb Company

Bristol-Myers Squibb Company

BMYยทNYSE

$54.72

-0.42%
HealthcareDrug Manufacturers - General

Bristol-Myers Squibb Company discovers, develops, licenses, manufactures, and markets biopharmaceutical products worldwide. It offers products for hematology, oncology, cardiovascular, immunology, fibrotic, neuroscience, and covid-19 diseases. The company's products include Revlimid, an oral immunomodulatory drug for the treatment of multiple myeloma; Eliquis, an oral inhibitor for reduction in risk of stroke/systemic embolism in NVAF, and for the treatment of DVT/PE; Opdivo for anti-cancer indications; Pomalyst/Imnovid indicated for patients with multiple myeloma; and Orencia for adult patients with active RA and psoriatic arthritis. It also provides Sprycel for the treatment of Philadelphia chromosome-positive chronic myeloid leukemia; Yervoy for the treatment of patients with unresectable or metastatic melanoma; Abraxane, a protein-bound chemotherapy product; Reblozyl for the treatment of anemia in adult patients with beta thalassemia; and Empliciti for the treatment of multiple myeloma. In addition, the company offers Zeposia to treat relapsing forms of multiple sclerosis; Breyanzi, a CD19-directed genetically modified autologous T cell immunotherapy for the treatment of adult patients with relapsed or refractory large B-cell lymphoma; Inrebic, an oral kinase inhibitor indicated for the treatment of adult patients with myelofibrosis; and Onureg for the treatment of adult patients with AML. It sells products to wholesalers, distributors, pharmacies, retailers, hospitals, clinics, and government agencies. The company was formerly known as Bristol-Myers Company. The company was founded in 1887 and is headquartered in New York, New York.

At a Glance

Live Snapshot
Market Cap$111.74B
EPS3.4600
P/E Ratio15.82
Earnings Date07/30/2026
Bristol-Myers Squibb Company

Bristol-Myers Squibb Company Fair Value Envelope

BMY ยท NYSE

Our analysis suggests that BMY has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $54.72, this represents a potential HIDDEN relative to our calculated worth for Bristol-Myers Squibb Company.

Intrinsic Value
Current Price: $54.72

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$112.4B
+ Cash & Equivalents$10.2B
Firm Value$122.6B
- Debt$47.1B
Equity Value$75.5B
/ Shares Outstanding2,035,753,027B
DCF Value$37
OVERVALUED BY 32%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$13.0B
$12.0B
$11.1B
$10.2B
$9.4B
$8.7B
$8.0B
$7.3B
$6.8B
$6.2B
Maintenance CapEx
-$241.6M
-$222.6M
-$205.1M
-$188.9M
-$174.1M
-$160.4M
-$147.7M
-$136.1M
-$125.4M
-$115.5M
Owner Earnings
$12.8B
$11.8B
$10.9B
$10.0B
$9.2B
$8.5B
$7.8B
$7.2B
$6.6B
$6.1B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$11.9B
$10.1B
$8.6B
$7.4B
$6.3B
$5.4B
$4.6B
$3.9B
$3.3B
$2.8B
Terminal Value represents 42.9% of Enterprise Value