Becton Dickinson (BDX) AI Stock Analysis

• Market Cap: $50.92B
• Dividend Yield: 2.34%
• Average Volume (3M): 2.61M
• Price to Earnings (P/E): 33.9
• Beta (1Y): 0.35
• Revenue Growth: 5.84%
• EPS Growth: 15.12%
• Country: US
• Employees: 70,000
• Sector: Healthcare
• Sector Strength: 47
• Industry: Medical - Instruments & Supplies
• EPS (TTM): 3.35
• Shares Outstanding: 286,607,420
• 10 Day Avg. Volume: 3,151,150
• 30 Day Avg. Volume: 2,611,818
• PEG Ratio: -0.03
• Price to Book (P/B): 1.92
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 18.64
• Enterprise Value/Market Cap: 1.31
• Enterprise Value/Revenue: 0.82
• Enterprise Value/Gross Profit: 7.20
• Enterprise Value/Ebitda: 4.08
• 1Y Price Target: $201.80
• Price Target Upside: 13.84% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 13

• Rating: 68 Neutral
• Price Target: ―

Becton Dickinson's overall stock score reflects a solid financial foundation with strong revenue and cash flow management. However, technical indicators show bearish trends, and valuation metrics suggest the stock is relatively expensive. Earnings call insights and strategic business separation plans provide a mixed outlook, with both opportunities and challenges ahead.

Positive Factors

Profitability

Despite challenges, BDX's gross margin of 54.9% surpassed consensus expectations, driven by the BD Excellence operating system.

Revenue Growth

Pharm systems are seeing positive order movement and the advanced patient monitoring acquisition is expected to contribute to revenue in the second half.

Negative Factors

Analyst Sentiment

Analysts downgrade BDX to Neutral from Buy.

Guidance

The company has lowered its guidance for fiscal year 2025 organic sales growth due to difficult market conditions and tariff uncertainties.

Market Conditions

Macro factors are impacting BDX growth rate including declines in China due to VBP and reduced biosciences growth from funding constraints.

Becton Dickinson Business Overview & Revenue Model

Company Description

Becton Dickinson (BDX) is a global medical technology company that is primarily involved in the development, manufacture, and sale of a broad range of medical supplies, devices, laboratory equipment, and diagnostic products. The company operates across several sectors, including Medical, Life Sciences, and Interventional, offering core products such as needles, syringes, infusion therapy systems, surgical instruments, and diagnostic systems.

How the Company Makes Money

Becton Dickinson makes money through the sale of its medical devices, laboratory equipment, and diagnostic products to healthcare institutions, clinical laboratories, and the pharmaceutical industry. The company's revenue streams are diversified across its three main segments: BD Medical, BD Life Sciences, and BD Interventional. BD Medical generates revenue through the sale of medication delivery systems, diabetes care products, and pharmaceutical systems. BD Life Sciences earns income from providing products for specimen collection, microbiology solutions, and molecular diagnostic systems. BD Interventional focuses on surgical, urology, and critical care products. The company also benefits from strategic partnerships with healthcare providers and ongoing innovation in medical technology, which contribute significantly to its earnings.

Becton Dickinson Financial Statement Overview

Summary

Becton Dickinson maintains a commendable financial position with strong revenue growth, stable margins, and solid equity backing. The company demonstrates effective cash flow management, ensuring liquidity and operational efficiency. While there are minor areas of concern, such as increasing leverage and slightly declining net profit margins, the overall financial health is sound, providing a stable foundation for future growth.

Income Statement

Becton Dickinson shows strong financial performance with a consistent revenue growth trend from $17.12B in 2020 to $20.87B TTM. Gross Profit Margin is healthy, maintaining above 44% consistently, and the Net Profit Margin is stable, though slightly decreased to 7.18% TTM from 8.45% in 2021. EBIT and EBITDA margins demonstrate operational efficiency despite slight declines. Overall, the income statement reflects robust revenue growth and solid profitability, though there is room for improving net margins.

Balance Sheet

The balance sheet displays a strong equity position with $54.47B in stockholders' equity as of TTM, providing a high Equity Ratio of 100% due to total liabilities being restated. The Debt-to-Equity Ratio is moderate, reflecting reasonable leverage but has increased from 0.75 in 2020 to 0.34 TTM. ROE has been consistent but slightly decreased recently, indicating stable returns on equity. The company's solid equity base and manageable leverage suggest financial stability, but increasing net debt warrants monitoring.

Cash Flow

Cash flow analysis reveals strong operating cash flows, with $3.30B TTM, and substantial free cash flows, despite a decline from $3.42B in 2021 to $2.59B TTM. The Free Cash Flow to Net Income Ratio remains favorable, highlighting efficient cash conversion. The Operating Cash Flow to Net Income Ratio is robust, ensuring liquidity. Although there are fluctuations, the overall cash flow position is strong, supporting operational and strategic investments.

Breakdown	TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	20.87B	20.18B	19.37B	18.87B	20.25B	17.12B
Gross Profit	9.29B	9.13B	8.17B	8.48B	9.43B	7.58B
EBITDA	3.52B	4.82B	4.28B	4.29B	4.25B	2.97B
Net Income	1.50B	1.71B	1.48B	1.78B	2.09B	874.00M
Balance Sheet
Total Assets	54.47B	57.29B	52.78B	52.93B	53.87B	54.01B
Cash, Cash Equivalents and Short-Term Investments	683.00M	2.16B	1.42B	1.01B	2.29B	2.85B
Total Debt	19.27B	20.11B	15.88B	16.07B	17.61B	17.93B
Total Liabilities	29.23B	31.40B	26.98B	27.63B	30.19B	30.24B
Stockholders Equity	25.24B	25.89B	25.80B	25.30B	23.68B	23.77B
Cash Flow
Free Cash Flow	2.59B	3.07B	2.12B	1.66B	3.42B	2.73B
Operating Cash Flow	3.30B	3.80B	2.99B	2.63B	4.65B	3.54B
Investing Cash Flow	-4.21B	-5.51B	-716.00M	-3.23B	-1.88B	-1.23B
Financing Cash Flow	-723.00M	2.09B	-1.96B	-591.00M	-3.31B	22.00M

Becton Dickinson Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 177.27
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BDX, the sentiment is Neutral. The current price of 177.27 is above the 20-day moving average (MA) of 171.89, above the 50-day MA of 175.64, and below the 200-day MA of 214.05, indicating a neutral trend. The MACD of -0.52 indicates Negative momentum. The RSI at 58.43 is Neutral, neither overbought nor oversold. The STOCH value of 87.88 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BDX.

Becton Dickinson Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RMD	85 Outperform	$37.57B	28.77	25.81%	0.83%	9.54%	37.23%
WST	74 Outperform	$15.98B	34.93	17.42%	0.38%	-1.14%	-16.35%
HOLX	70 Outperform	$14.56B	27.57	11.77%	―	1.66%	21.95%
COO	69 Neutral	$14.53B	35.32	5.15%	―	6.88%	21.11%
BDX	68 Neutral	$50.92B	33.90	5.97%	2.34%	5.84%	15.12%
Sector *	64 Neutral	¥343.99B	10.61	-2.88%	2.57%	11.80%	-6.84%
BAX	60 Neutral	$16.03B	136.07	-8.96%	2.18%	-20.17%	-138.32%

Becton Dickinson Corporate Events

Becton Dickinson Reaches Proposed Settlement in Derivative Case

Becton, Dickinson and Company (BD) is involved in a legal matter concerning stockholder derivative actions. A proposed settlement has been reached in the consolidated stockholder derivative litigation against BD and certain of its officers and directors, which alleges breaches of fiduciary duties and other misconduct related to the Alaris infusion pump system. The settlement, if approved by the court, will resolve the litigation and prevent further claims related to the issues. A settlement hearing is scheduled for August 11, 2025, to determine the fairness of the settlement terms.

The most recent analyst rating on (BDX) stock is a Buy with a $280.00 price target. To see the full list of analyst forecasts on Becton Dickinson stock, see the BDX Stock Forecast page.