Bristol Myers Squibb Company (BMY) vs Novo Nordisk A/S (NVO)

Bristol Myers Squibb Company and Novo Nordisk A/S are both Drug Manufacturers General companies. Bristol Myers Squibb Company and Novo Nordisk A/S are of similar size ($129.3B and $125.9B). Novo Nordisk A/S trades at the lower P/E: 9.5× against 13.8×. Novo Nordisk A/S grew revenue faster over the last twelve months: 13.2% against 3.11%. Novo Nordisk A/S has the higher net margin (35.5% vs 18.9%) and the higher return on invested capital (28.7% vs 13.7%). Both pay a dividend; Bristol Myers Squibb Company yields more (5.04% vs 1.36%). Across the 23 metrics below, Novo Nordisk A/S leads on 15 and Bristol Myers Squibb Company on 8.

Valuation

Metric BMY NVO Drug Manufacturers General median
P/E 13.85 9.49 24.72
P/S 2.61 3.34 3.35
P/B 5.75 5.00 5.00
Price to free cash flow 11.22 22.61 17.68
EV/EBITDA 10.63 7.04 13.91
EV/Sales 3.26 3.62 3.95
Earnings yield 7.22% 10.54% 2.92%
Free cash flow yield 8.91% 4.42% 4.42%

Profitability

Metric BMY NVO Drug Manufacturers General median
Gross margin 70.16% 80.73% 72.77%
Operating margin 24.22% 43.36% 18.90%
Net margin 18.87% 35.47% 8.27%
Free cash flow margin 23.26% 14.79% 17.25%
Return on equity 46.63% 60.84% 6.97%
Return on assets 10.18% 22.00% 2.76%
Return on invested capital 13.69% 28.67% 6.30%

Growth

Metric BMY NVO Drug Manufacturers General median
Revenue growth (TTM) 3.11% 13.15% 6.79%
EPS growth (last fiscal year) 178.46% 6.40% —
Revenue growth, 5-year CAGR 2.54% 19.20% 3.98%
Net income growth, 5-year CAGR 0.00% 19.16% 0.42%

Health

Metric BMY NVO Drug Manufacturers General median
Debt to equity 1.93 0.63 0.63
Current ratio 1.53 0.87 1.32
Net debt to EBITDA 2.58 0.65 1.15

Dividend

Metric BMY NVO Drug Manufacturers General median
Dividend yield 5.04% 1.36% 3.57%
Payout ratio 0.60 0.41 0.53

Size

Metric BMY NVO Drug Manufacturers General median
Market cap 125.91b 129.28b 125.91b

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