Financials Abbott Laboratories

Equities

ABT

US0028241000

Medical Equipment, Supplies & Distribution

Market Closed - Nyse Other stock markets 04:00:33 2024-05-17 pm EDT			5-day change	1st Jan Change
104.1 ^USD	-0.74%		-0.62%	-5.43%

May. 15	Abbott Laboratories Recalling HeartMate 3 Left Ventricular Assist System Implant Kit	MT
May. 09	Drugmaker Abbott India posts Q4 profit rise on higher sales	RE

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	153,608	187,600	241,365	191,427	191,088	181,078	-	-
Enterprise Value (EV) ¹	167,607	199,509	249,166	198,318	198,871	186,550	180,438	176,027
P/E ratio	42.2 x	44 x	35.7 x	28.1 x	33.8 x	30.4 x	26 x	22.6 x
Yield	1.52%	1.4%	1.29%	1.75%	1.89%	2.08%	2.22%	2.39%
Capitalization / Revenue	4.81 x	5.42 x	5.6 x	4.39 x	4.76 x	4.34 x	4.05 x	3.77 x
EV / Revenue	5.25 x	5.76 x	5.78 x	4.54 x	4.96 x	4.47 x	4.03 x	3.67 x
EV / EBITDA	20.5 x	21.7 x	19.4 x	15.9 x	19.5 x	17.5 x	15.5 x	13.6 x
EV / FCF	37.3 x	34.9 x	28.8 x	25.4 x	39.3 x	17.8 x	22.6 x	19.6 x
FCF Yield	2.68%	2.87%	3.47%	3.94%	2.54%	5.61%	4.42%	5.09%
Price to Book	4.92 x	5.92 x	6.93 x	5.2 x	4.94 x	4.47 x	4.31 x	4.06 x
Nbr of stocks (in thousands)	1,768,456	1,713,401	1,714,968	1,743,574	1,736,059	1,739,634	-	-
Reference price ²	86.86	109.5	140.7	109.8	110.1	104.1	104.1	104.1
Announcement Date	1/22/20	1/27/21	1/26/22	1/25/23	1/24/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	31,904	34,608	43,075	43,653	40,109	41,704	44,747	47,982
EBITDA ¹	8,188	9,204	12,815	12,485	10,188	10,671	11,658	12,945
EBIT ¹	7,110	8,009	11,324	11,231	8,911	9,322	10,372	11,468
Operating Margin	22.29%	23.14%	26.29%	25.73%	22.22%	22.35%	23.18%	23.9%
Earnings before Tax (EBT) ¹	4,077	4,968	8,211	8,306	6,664	6,798	8,292	9,459
Net income ¹	3,687	4,471	7,071	6,933	5,723	5,962	7,184	7,975
Net margin	11.56%	12.92%	16.42%	15.88%	14.27%	14.3%	16.05%	16.62%
EPS ²	2.060	2.490	3.940	3.910	3.260	3.420	4.009	4.604
Free Cash Flow ¹	4,498	5,724	8,648	7,804	5,059	10,469	7,974	8,963
FCF margin	14.1%	16.54%	20.08%	17.88%	12.61%	25.1%	17.82%	18.68%
FCF Conversion (EBITDA)	54.93%	62.19%	67.48%	62.51%	49.66%	98.11%	68.4%	69.24%
FCF Conversion (Net income)	122%	128.03%	122.3%	112.56%	88.4%	175.6%	111%	112.38%
Dividend per Share ²	1.320	1.530	1.820	1.920	2.080	2.166	2.315	2.491
Announcement Date	1/22/20	1/27/21	1/26/22	1/25/23	1/24/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	11,468	11,895	11,257	10,410	10,091	9,747	9,978	10,143	10,241	9,964	10,367	10,565	10,794	10,638	11,143
EBITDA ¹	3,263	4,247	3,300	2,812	2,442	2,372	2,467	2,606	2,743	2,292	2,583	2,780	3,047	2,680	2,914
EBIT ¹	2,894	3,620	2,985	2,495	2,131	2,057	2,165	2,278	2,411	1,959	2,239	2,431	2,698	2,256	2,547
Operating Margin	25.24%	30.43%	26.52%	23.97%	21.12%	21.1%	21.7%	22.46%	23.54%	19.66%	21.59%	23.01%	24.99%	21.2%	22.86%
Earnings before Tax (EBT) ¹	-	-	-	-	-	1,562	1,636	1,671	1,795	1,436	1,671	1,830	2,103	1,777	2,049
Net income ¹	1,989	2,447	2,018	1,435	1,033	1,318	1,375	1,436	1,594	1,225	1,394	1,565	1,824	1,577	1,718
Net margin	17.34%	20.57%	17.93%	13.78%	10.24%	13.52%	13.78%	14.16%	15.56%	12.29%	13.44%	14.82%	16.9%	14.83%	15.42%
EPS ²	1.110	1.370	1.140	0.8100	0.5900	0.7500	0.7800	0.8200	0.9100	0.7000	0.8069	0.9038	1.054	0.8452	0.9879
Dividend per Share ²	0.4700	0.4700	0.4700	0.4700	0.5100	0.5100	0.5100	0.5100	0.5500	0.5500	0.5382	0.5382	0.5517	0.5652	0.5654
Announcement Date	1/26/22	4/20/22	7/20/22	10/19/22	1/25/23	4/19/23	7/20/23	10/18/23	1/24/24	4/17/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	13,999	11,909	7,801	6,891	7,783	5,472	-	-
Net Cash position ¹	-	-	-	-	-	-	640	5,051
Leverage (Debt/EBITDA)	1.71 x	1.294 x	0.6087 x	0.5519 x	0.7639 x	0.5128 x	-	-
Free Cash Flow ¹	4,498	5,724	8,648	7,804	5,059	10,469	7,974	8,963
ROE (net income / shareholders' equity)	18.9%	20.5%	27.3%	26.1%	20.7%	20.1%	21%	22.2%
ROA (Net income/ Total Assets)	8.6%	9.33%	9.57%	12.7%	10.6%	9.42%	10.3%	11.5%
Assets ¹	42,854	47,916	73,872	54,798	54,154	63,315	69,895	69,466
Book Value Per Share ²	17.60	18.50	20.30	21.10	22.30	23.30	24.10	25.60
Cash Flow per Share ²	3.450	4.420	5.890	5.430	4.150	6.480	6.480	6.850
Capex ¹	1,638	2,177	1,885	1,777	2,202	2,279	2,253	2,299
Capex / Sales	5.13%	6.29%	4.38%	4.07%	5.49%	5.47%	5.03%	4.79%
Announcement Date	1/22/20	1/27/21	1/26/22	1/25/23	1/24/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Abbott Laboratories

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

104.1 USD

Average target price

126.1 USD

Spread / Average Target

+21.19%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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