Price to Sales (P/S)
since 2005
Calculation
Baxter International Inc., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Net sales1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 26, 2016 | 2.17 | = | 39.43 | ÷ | 18.19 | 18.19 | = | 9,968 | ÷ | 547,871,849 | |
| Feb 26, 2015 | 2.23 | = | 68.67 | ÷ | 30.73 | 30.73 | = | 16,671 | ÷ | 542,581,466 | |
| Feb 21, 2014 | 2.47 | = | 69.29 | ÷ | 28.09 | 28.09 | = | 15,259 | ÷ | 543,187,695 | |
| Feb 21, 2013 | 2.56 | = | 66.42 | ÷ | 25.99 | 25.99 | = | 14,190 | ÷ | 545,928,648 | |
| Feb 23, 2012 | 2.28 | = | 56.59 | ÷ | 24.79 | 24.79 | = | 13,893 | ÷ | 560,346,203 | |
| Feb 23, 2011 | 2.33 | = | 51.72 | ÷ | 22.17 | 22.17 | = | 12,843 | ÷ | 579,426,016 | |
| Feb 23, 2010 | 2.73 | = | 56.96 | ÷ | 20.84 | 20.84 | = | 12,562 | ÷ | 602,667,572 | |
| Feb 19, 2009 | 2.88 | = | 57.99 | ÷ | 20.12 | 20.12 | = | 12,348 | ÷ | 613,849,295 | |
| Feb 26, 2008 | 3.40 | = | 60.30 | ÷ | 17.75 | 17.75 | = | 11,263 | ÷ | 634,425,140 | |
| Feb 28, 2007 | 3.13 | = | 50.01 | ÷ | 15.97 | 15.97 | = | 10,378 | ÷ | 649,813,287 | |
| Mar 7, 2006 | 2.52 | = | 38.29 | ÷ | 15.19 | 15.19 | = | 9,849 | ÷ | 648,483,996 |
Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Baxter International Inc. Annual Report.
- Share Price Trend
- The share price exhibited an overall upward trend from 38.29 US$ in March 2006, reaching a peak of 69.29 US$ in February 2014. However, a noticeable decline occurred afterward, dropping sharply to 39.43 US$ by February 2016. This pattern indicates initial growth followed by a significant decrease over the most recent years reported.
- Sales Per Share Trend
- Sales per share showed a consistent increase over the period from 15.19 US$ in March 2006 to a peak of 30.73 US$ in February 2015. Despite this steady growth, a marked decrease was observed in the final year to 18.19 US$ in February 2016. This suggests strong sales performance until a sudden contraction occurred near the end of the reporting period.
- Price to Sales (P/S) Ratio Trend
- The P/S ratio started at 2.52 in March 2006, initially rising to a high of 3.40 in February 2008 before trending downward overall. It showed some fluctuations but gradually declined to 2.17 by February 2016. This downward movement indicates that market valuation relative to sales weakened over time, particularly in the later years as share price fell more sharply than sales per share.
- Insights and Interpretation
- The analysis reveals a period of positive growth in both market price and sales per share through roughly 2014-2015, reflecting favorable market conditions and operational performance. The subsequent decline in both share price and sales per share in the final year implies challenges arising that impacted both investor confidence and sales output. The steady reduction in the P/S ratio reinforces that the share price correction outpaced the sales decline, potentially signaling concerns about profitability, future growth prospects, or broader market factors affecting valuation.
Comparison to Competitors
Baxter International Inc., P/S, long-term trends, comparison to competitors
| Baxter International Inc. | Abbott Laboratories | CVS Health Corp. | Elevance Health Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|---|
| Feb 26, 2016 | 2.17 | 2.78 | 0.65 | 0.42 | 8.46 | 5.36 | 0.68 |
| Feb 26, 2015 | 2.23 | 3.53 | 0.82 | 0.54 | 8.80 | 3.74 | 0.80 |
| Feb 21, 2014 | 2.47 | 2.74 | 0.64 | 0.35 | 6.76 | 3.13 | 0.57 |
| Feb 21, 2013 | 2.56 | 1.38 | 0.51 | 0.31 | 10.56 | 2.36 | 0.53 |
| Feb 23, 2012 | 2.28 | 2.27 | 0.54 | 0.37 | 11.00 | 2.60 | 0.55 |
| Feb 23, 2011 | 2.33 | 2.06 | 0.47 | 0.44 | 9.15 | 2.48 | 0.50 |
| Feb 23, 2010 | 2.73 | 2.74 | 0.48 | 0.43 | 12.01 | 2.54 | 0.44 |
| Feb 19, 2009 | 2.88 | 2.83 | 0.43 | 0.33 | 5.14 | 4.30 | 0.43 |
| Feb 26, 2008 | 3.40 | 3.31 | 0.76 | 0.67 | 19.21 | 4.74 | 0.81 |
| Feb 28, 2007 | 3.13 | 3.68 | 0.60 | 0.89 | 11.23 | 4.81 | 1.03 |
| Mar 7, 2006 | 2.52 | 3.02 | 0.68 | 1.14 | 15.19 | 6.30 | 1.78 |
Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Health Care Equipment & Services)
Baxter International Inc., P/S, long-term trends, comparison to sector (health care equipment & services)
| Baxter International Inc. | Health Care Equipment & Services | |
|---|---|---|
| Feb 26, 2016 | 2.17 | 0.98 |
| Feb 26, 2015 | 2.23 | 1.08 |
| Feb 21, 2014 | 2.47 | 0.84 |
| Feb 21, 2013 | 2.56 | 0.73 |
| Feb 23, 2012 | 2.28 | 0.88 |
| Feb 23, 2011 | 2.33 | 0.80 |
| Feb 23, 2010 | 2.73 | 0.84 |
| Feb 19, 2009 | 2.88 | 0.87 |
| Feb 26, 2008 | 3.40 | 1.26 |
| Feb 28, 2007 | 3.13 | 1.42 |
| Mar 7, 2006 | 2.52 | 1.82 |
Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Health Care)
Baxter International Inc., P/S, long-term trends, comparison to industry (health care)
| Baxter International Inc. | Health Care | |
|---|---|---|
| Feb 26, 2016 | 2.17 | 2.30 |
| Feb 26, 2015 | 2.23 | 2.62 |
| Feb 21, 2014 | 2.47 | 2.38 |
| Feb 21, 2013 | 2.56 | 1.87 |
| Feb 23, 2012 | 2.28 | 1.66 |
| Feb 23, 2011 | 2.33 | 1.57 |
| Feb 23, 2010 | 2.73 | 1.77 |
| Feb 19, 2009 | 2.88 | 1.47 |
| Feb 26, 2008 | 3.40 | 2.14 |
| Feb 28, 2007 | 3.13 | 2.60 |
| Mar 7, 2006 | 2.52 | 2.90 |
Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).