Stock Analysis on Net

Biogen Inc. (NASDAQ:BIIB)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 25, 2022.

Price to Operating Profit (P/OP)
since 2005

Microsoft Excel

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Calculation

Biogen Inc., P/OP, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 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 Biogen Inc. Annual Report.


Share Price Trends
The share price exhibited a general upward trend from 2006 to early 2015, increasing significantly from $45.50 to a peak of $391.12 in 2015. Following this peak, the share price experienced a notable decline, dropping to $220.17 by 2022. This pattern suggests a strong growth phase culminating in 2015, after which market sentiment or other factors contributed to a downward adjustment in the share price over subsequent years.
Operating Profit Per Share (OPPS) Trends
Operating profit per share consistently increased over the examined period, rising from $0.69 in 2006 to a peak of $40.46 in 2020. After this peak, the OPPS declined sharply to $19.33 in 2022. This indicates a period of improving operational efficiency and profitability until 2020, followed by a significant reduction in operating profit generation per share during the last years of the data series.
Price to Operating Profit Ratio (P/OP) Trends
The P/OP ratio showed substantial fluctuations. Initially, it decreased sharply from 66.33 in 2006 to a low of 8.34 in 2020, suggesting the market valuation became more aligned with operating profits and potentially indicating improved investor confidence or operational performance. However, the ratio increased again to 11.39 by 2022, reflecting a relative increase in share price valuation compared to operating profit or a decrease in operating profits relative to share price.
Overall Insights
The data portrays a period of strong growth in both share price and operating profit per share until roughly 2015 to 2020, after which both metrics faced a decline. The P/OP ratio’s decline over most of the period may reflect an improving operational outlook that was recognized by the market. The reversal in share price and operating profit beyond 2020, combined with the rising P/OP ratio, suggests changing market conditions, potentially influenced by business challenges or external economic factors, which impacted profitability and valuation metrics negatively in the recent years.

Comparison to Competitors

Biogen Inc., P/OP, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 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).