Alcon (ALC) vs Becton, Dickinson and Company (BDX)

Alcon and Becton, Dickinson and Company are both Medical Instruments & Supplies companies. Becton, Dickinson and Company is the larger, with a market value of $48.8B against $30.9B — 1.6× the size. Alcon trades at the lower P/E: 49.2× against 55.4×. Becton, Dickinson and Company grew revenue faster over the last twelve months: 13.1% against 8.34%. Alcon has the higher net margin (5.92% vs 4.20%) and the lower return on invested capital (2.38% vs 3.89%). Both pay a dividend; Becton, Dickinson and Company yields more (1.56% vs 0.36%). Across the 23 metrics below, Alcon leads on 12 and Becton, Dickinson and Company on 11.

Valuation

Metric ALC BDX Medical Instruments & Supplies median
P/E 49.21 55.37 34.17
P/S 2.89 2.25 2.83
P/B 1.45 2.07 2.82
Price to free cash flow 19.68 15.77 25.69
EV/EBITDA 12.67 13.27 16.08
EV/Sales 3.19 2.82 3.06
Earnings yield 2.03% 1.81% (1.84%)
Free cash flow yield 5.08% 6.34% 0.17%

Profitability

Metric ALC BDX Medical Instruments & Supplies median
Gross margin 56.85% 46.73% 54.62%
Operating margin 8.73% 10.30% 1.64%
Net margin 5.92% 4.20% 0.00%
Free cash flow margin 14.68% 14.29% 1.61%
Return on equity 2.94% 3.77% 0.00%
Return on assets 2.06% 1.78% 0.00%
Return on invested capital 2.38% 3.89% 0.00%

Growth

Metric ALC BDX Medical Instruments & Supplies median
Revenue growth (TTM) 8.34% 13.14% 9.20%
EPS growth (last fiscal year) (3.41%) (1.85%) —
Revenue growth, 5-year CAGR 8.77% 6.32% 9.48%
Net income growth, 5-year CAGR 0.00% 16.95% 0.00%

Health

Metric ALC BDX Medical Instruments & Supplies median
Debt to equity 0.22 0.55 0.08
Current ratio 2.09 0.87 2.49
Net debt to EBITDA 1.23 3.33 0.83

Dividend

Metric ALC BDX Medical Instruments & Supplies median
Dividend yield 0.36% 1.56% 0.99%
Payout ratio 0.32 0.65 0.00

Size

Metric ALC BDX Medical Instruments & Supplies median
Market cap 30.92b 48.82b 938.39m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack