Abbott Laboratories

Health Care
Biotechnology: Pharmaceutical Preparations
www.abbottinvestor.com

Earnings Score
Moat Score
Safety Score
Final Score

Market Cap $234.76B
PE 18
Debt $15.63B
Cash $7.62B
EV $242.77B
FCF $6.35B

Earnings

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Sales & Net Margins

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Earnings	$13.35B
EBIT	$7.01B
ROE	28%
ROA	9%
FCF	$6.35B
Equity	$47.90B
Growth Stability	93%
PE	17.58
PEG	1.36
PB	4.9
P/FCF	36.96
P/S	5.6
Price/Cash	0.03
Debt/Equity	0.33
Debt/FCF	2.46
Net Margins	32%
Gross Margins	55%
Op. Margins	17%
Earnings CAGR	28%
Sales Growth YoY	7%
Sales Growth QoQ	3%
Sales CAGR	9%
FCF CAGR	15%
Equity CAGR	7%
Earnings Stability	0.64
Earnings Growth YoY	479%
Earnings Growth QoQ	461%
Earnings CAGR 5Y	13%

Sales CAGR 5Y	5%
FCF CAGR 5Y	-0%
Equity CAGR 5Y	7%
Earnings CAGR 3Y	-4%
Sales CAGR 3Y	-4%
FCF CAGR 3Y	-15%
Equity CAGR 3Y	7%
Market Cap	$234.76B
Revenue	$41.95B
Dividend Yield	2%
Payout Ratio	29%
Assets	$81.41B
Total Debt	$15.63B
Cash	$7.62B
Shares Outstanding	1.74B
EV	242.77B
Earnings Score	90%
Moat Score	94%
Safety Score	93%
Final Score	92%
Working Capital	9.5B
Current Ratio	1.67
Gross Profit	$23.24B
Shares Growth 3y	-0%
Equity Growth QoQ	20%
Equity Growth YoY	23%

Assets & ROA

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Stockholders Equity & ROE

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Abbott manufactures and markets medical devices, adult and pediatric nutritional products, diagnostic equipment and testing kits, and branded generic drugs. Products include pacemakers, implantable cardioverter defibrillators, neuromodulation devices, coronary stents, catheters, infant formula, nutritional liquids for adults, molecular diagnostic platforms, and immunoassays and point-of-care diagnostic equipment. Abbott derives approximately 60% of sales outside the United States.

SEC Filings

Direct access to Abbott Laboratories (ABT) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Abbott Laboratories compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Abbott Laboratories compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 28%

Stability 64%

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Abbott Laboratories Discounted Cash Flow

Fully customizable DCF calculator online for Abbott Laboratories.

Years

Calculation mode

= $182B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$6.4B	$7.3B	$8.4B	$9.7B	$11B	$13B	$15B	$17B	$20B	$22B	$26B	$259B
DCF		$6.6B	$7B	$7.3B	$7.6B	$8B	$8.3B	$8.7B	$9.1B	$9.5B	$10B	$100B
Value	$182B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	22%	7%	2%	8%	11%	13%	16%	16%	14%	32%	32%
ROA	-	6%	3%	5%	7%	7%	11%	11%	9%	9%	9%
ROE	-	7%	2%	8%	12%	14%	20%	19%	15%	28%	28%

Good Net Margins (31.83%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	11.98	6.36	3.99	4.27	3.28	2.17	2.44	3.12	2.46	2.46
Debt over Equity	0.42	1.06	0.91	0.64	0.61	0.57	0.52	0.52	0.41	0.33	0.33
Growth Stability	-	-	-	100%	100%	100%	100%	100%	93%	100%	93%

Neutral Debt/FCF ratio (2.46)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Good Debt/Equity ratio (0.33)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (93%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	2%	31%	12%	4%	8%	24%	1%	-8%	5%	5%
Earnings YoY growth	-	-68%	-66%	403%	56%	22%	57%	-2%	-17%	134%	13%
Equity YoY growth	-	-3%	50%	-1%	2%	5%	9%	2%	5%	23%	7%
FCF YoY growth	-	14%	141%	11%	-8%	27%	51%	-10%	-35%	26%	-0%