Growth & Assumptions

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Market & Balance Sheet Data

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Cash Flow Projection

Year2027202820292030203120322033203420352036
Free Cash Flow12,092.0812,781.3313,509.8614,279.9315,093.8815,872.7316,691.7617,553.0518,458.7919,411.27
Terminal Value---------249,920.04
Cumulated PVRunning Sum10,893.7721,267.3831,145.6840,552.3149,509.7957,99666,035.7273,652.4680,868.46175,722.76
* Scroll horizontally for more yearsAll figures in USD Millions

Valuation Breakdown

Enterprise Value (EV)$175,722.76
(+) Cash & Investments$11,067
(-) Total Debt$45,053
Equity Value$141,736.76
Shares Outstanding2,042.71
Fair Value Per Share$69.39
All figures in USD Millions

Calculated Fair Value

$69.39
Current Price$68.09
Margin of Safety+1.90%
Buy

BMY (BMY) DCF Valuation Analysis

Independent intrinsic value calculation based on latest financial reports.

Potentially Undervalued

Our BMY DCF calculator utilizes a two-stage Discounted Cash Flow model to estimate the true value of BMY stock. As of the most recent quarterly report (6/30/2026), BMY generated $11,440,000,000 in Trailing Twelve Month (TTM) Free Cash Flow.

Key Valuation Metrics for BMY

Forward P/E
10.38
Price to Book
6.23
Margin of Safety
1.9%
Intrinsic Value
$69.39

By discounting BMY's future cash flows using an expected return of 11%, we can determine if the stock is currently trading at a margin of safety. A positive margin of safety suggests that market expectations may be too low relative to the company's historical cash flow productivity.

Final Verdict

For BMY to be considered a fair investment at current levels, it would need to sustain a cash flow growth rate of approximately 5.70% for the next five years. This valuation model accounts for BMY's current cash position of $11,066,999,808 and total debt of $45,053,001,728. With a fair value of $69.39, BMY shows potential upside for long-term investors.

Why use DCF for BMY?

Discounted Cash Flow is widely considered the most accurate method for valuing mature companies like BMY. Using our Free DCF Calculator, you can customize every assumption in this model to see how it affects the intrinsic value.

Based on Owner Earnings (FCF)
Includes Balance Sheet adjustments
Customizable growth assumptions

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