Stock Analysis on Net

Allergan Inc. (NYSE:AGN.)

This company has been moved to the archive! The financial data has not been updated since February 19, 2015.

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

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Historical Valuation Ratios (Summary)

Allergan Inc., historical price multiples (quarterly data)

Microsoft Excel
Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011 Sep 30, 2011 Jun 30, 2011 Mar 31, 2011 Dec 31, 2010 Sep 30, 2010 Jun 30, 2010 Mar 31, 2010
Price to earnings (P/E) 45.53 44.99 36.60 40.13 38.04 26.61 28.35 35.22 29.04 26.28 24.37 28.28 28.94 27.79 37,139.77
Price to operating profit (P/OP) 34.53 31.83 24.35 27.12 20.71 14.57 15.92 19.05 19.78 17.80 16.61 19.33 19.81 19.28 84.78 96.58 86.17
Price to sales (P/S) 9.74 8.48 7.10 7.73 6.05 4.40 4.56 5.38 5.59 4.94 4.65 5.21 5.06 4.85 4.74 4.97 4.62
Price to book value (P/BV) 8.95 8.22 6.94 7.46 5.80 4.36 4.69 5.82 5.47 4.98 4.73 5.21 5.09 5.00 4.90 5.08 4.68 4.73 3.86 3.65

Based on: 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31), 10-K (reporting date: 2010-12-31), 10-Q (reporting date: 2010-09-30), 10-Q (reporting date: 2010-06-30), 10-Q (reporting date: 2010-03-31).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Allergan Inc. P/E ratio increased from Q2 2014 to Q3 2014 and from Q3 2014 to Q4 2014.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Allergan Inc. P/OP ratio increased from Q2 2014 to Q3 2014 and from Q3 2014 to Q4 2014.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Allergan Inc. P/S ratio increased from Q2 2014 to Q3 2014 and from Q3 2014 to Q4 2014.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Allergan Inc. P/BV ratio increased from Q2 2014 to Q3 2014 and from Q3 2014 to Q4 2014.

Price to Earnings (P/E)

Allergan Inc., historical P/E calculation (quarterly data)

Microsoft Excel
Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011 Sep 30, 2011 Jun 30, 2011 Mar 31, 2011 Dec 31, 2010 Sep 30, 2010 Jun 30, 2010 Mar 31, 2010
No. shares of common stock outstanding1 300,237,694 297,898,630 297,183,809 297,556,619 298,467,649 297,162,419 296,855,484 296,400,416 298,083,478 300,500,896 300,967,985 303,492,276 304,442,771 305,032,041 305,058,379 304,782,797 305,677,123 303,622,257 303,418,482 304,084,342
Selected Financial Data (US$)
Net earnings (loss) attributable to Allergan, Inc. (in thousands) 537,200 312,500 417,200 257,300 312,900 299,800 359,900 12,500 324,200 249,400 295,400 229,800 279,800 249,800 246,600 158,300 263,100 (670,500) 240,100 167,900
Earnings per share (EPS)2 5.08 4.36 4.33 4.13 3.30 3.35 3.19 2.97 3.69 3.51 3.50 3.31 3.07 3.01 -0.01 -0.03 0.00 0.00 0.00 0.00
Share price1, 3 231.12 196.32 158.54 165.87 125.54 89.24 90.33 104.74 107.05 92.22 85.41 93.74 88.82 83.61 79.79 81.06 72.90 69.48 64.76 59.31
Valuation Ratio
P/E ratio4 45.53 44.99 36.60 40.13 38.04 26.61 28.35 35.22 29.04 26.28 24.37 28.28 28.94 27.79 37,139.77
Benchmarks
P/E Ratio, Competitors5
AbbVie Inc.
Amgen Inc.
Bristol-Myers Squibb Co.
Danaher Corp.
Eli Lilly & Co.
Gilead Sciences Inc.
Johnson & Johnson
Merck & Co. Inc.
Pfizer Inc.
Regeneron Pharmaceuticals Inc.
Thermo Fisher Scientific Inc.
Zoetis Inc.

Based on: 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31), 10-K (reporting date: 2010-12-31), 10-Q (reporting date: 2010-09-30), 10-Q (reporting date: 2010-06-30), 10-Q (reporting date: 2010-03-31).

1 Data adjusted for splits and stock dividends.

2 Q4 2014 Calculation
EPS = (Net earnings (loss) attributable to Allergan, Inc.Q4 2014 + Net earnings (loss) attributable to Allergan, Inc.Q3 2014 + Net earnings (loss) attributable to Allergan, Inc.Q2 2014 + Net earnings (loss) attributable to Allergan, Inc.Q1 2014) ÷ No. shares of common stock outstanding
= (537,200,000 + 312,500,000 + 417,200,000 + 257,300,000) ÷ 300,237,694 = 5.08

3 Closing price as at the filing date of Allergan Inc. Quarterly or Annual Report.

4 Q4 2014 Calculation
P/E ratio = Share price ÷ EPS
= 231.12 ÷ 5.08 = 45.53

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Allergan Inc. P/E ratio increased from Q2 2014 to Q3 2014 and from Q3 2014 to Q4 2014.

Price to Operating Profit (P/OP)

Allergan Inc., historical P/OP calculation (quarterly data)

Microsoft Excel
Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011 Sep 30, 2011 Jun 30, 2011 Mar 31, 2011 Dec 31, 2010 Sep 30, 2010 Jun 30, 2010 Mar 31, 2010
No. shares of common stock outstanding1 300,237,694 297,898,630 297,183,809 297,556,619 298,467,649 297,162,419 296,855,484 296,400,416 298,083,478 300,500,896 300,967,985 303,492,276 304,442,771 305,032,041 305,058,379 304,782,797 305,677,123 303,622,257 303,418,482 304,084,342
Selected Financial Data (US$)
Operating income (loss) (in thousands) 626,700 392,800 607,900 381,900 454,800 490,200 493,200 371,100 466,000 354,000 438,900 354,400 410,000 344,400 363,200 247,500 367,400 (691,000) 331,900 250,300
Operating profit per share2 6.69 6.17 6.51 6.12 6.06 6.13 5.67 5.50 5.41 5.18 5.14 4.85 4.48 4.34 0.94 0.84 0.85 0.00 0.00 0.00
Share price1, 3 231.12 196.32 158.54 165.87 125.54 89.24 90.33 104.74 107.05 92.22 85.41 93.74 88.82 83.61 79.79 81.06 72.90 69.48 64.76 59.31
Valuation Ratio
P/OP ratio4 34.53 31.83 24.35 27.12 20.71 14.57 15.92 19.05 19.78 17.80 16.61 19.33 19.81 19.28 84.78 96.58 86.17
Benchmarks
P/OP Ratio, Competitors5
AbbVie Inc.
Amgen Inc.
Bristol-Myers Squibb Co.
Danaher Corp.
Eli Lilly & Co.
Gilead Sciences Inc.
Johnson & Johnson
Merck & Co. Inc.
Pfizer Inc.
Regeneron Pharmaceuticals Inc.
Thermo Fisher Scientific Inc.
Zoetis Inc.

Based on: 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31), 10-K (reporting date: 2010-12-31), 10-Q (reporting date: 2010-09-30), 10-Q (reporting date: 2010-06-30), 10-Q (reporting date: 2010-03-31).

1 Data adjusted for splits and stock dividends.

2 Q4 2014 Calculation
Operating profit per share = (Operating income (loss)Q4 2014 + Operating income (loss)Q3 2014 + Operating income (loss)Q2 2014 + Operating income (loss)Q1 2014) ÷ No. shares of common stock outstanding
= (626,700,000 + 392,800,000 + 607,900,000 + 381,900,000) ÷ 300,237,694 = 6.69

3 Closing price as at the filing date of Allergan Inc. Quarterly or Annual Report.

4 Q4 2014 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 231.12 ÷ 6.69 = 34.53

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Allergan Inc. P/OP ratio increased from Q2 2014 to Q3 2014 and from Q3 2014 to Q4 2014.

Price to Sales (P/S)

Allergan Inc., historical P/S calculation (quarterly data)

Microsoft Excel
Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011 Sep 30, 2011 Jun 30, 2011 Mar 31, 2011 Dec 31, 2010 Sep 30, 2010 Jun 30, 2010 Mar 31, 2010
No. shares of common stock outstanding1 300,237,694 297,898,630 297,183,809 297,556,619 298,467,649 297,162,419 296,855,484 296,400,416 298,083,478 300,500,896 300,967,985 303,492,276 304,442,771 305,032,041 305,058,379 304,782,797 305,677,123 303,622,257 303,418,482 304,084,342
Selected Financial Data (US$)
Product net sales (in thousands) 1,889,000 1,790,700 1,827,300 1,619,100 1,659,600 1,528,400 1,577,000 1,432,500 1,484,600 1,391,100 1,467,400 1,365,700 1,382,800 1,311,100 1,400,400 1,252,800 1,290,100 1,192,000 1,231,700 1,105,800
Sales per share2 23.73 23.15 22.32 21.46 20.76 20.27 19.83 19.49 19.15 18.66 18.36 17.99 17.56 17.23 16.83 16.30 15.77 0.00 0.00 0.00
Share price1, 3 231.12 196.32 158.54 165.87 125.54 89.24 90.33 104.74 107.05 92.22 85.41 93.74 88.82 83.61 79.79 81.06 72.90 69.48 64.76 59.31
Valuation Ratio
P/S ratio4 9.74 8.48 7.10 7.73 6.05 4.40 4.56 5.38 5.59 4.94 4.65 5.21 5.06 4.85 4.74 4.97 4.62
Benchmarks
P/S Ratio, Competitors5
AbbVie Inc.
Amgen Inc.
Bristol-Myers Squibb Co.
Danaher Corp.
Eli Lilly & Co.
Gilead Sciences Inc.
Johnson & Johnson
Merck & Co. Inc.
Pfizer Inc.
Regeneron Pharmaceuticals Inc.
Thermo Fisher Scientific Inc.
Zoetis Inc.

Based on: 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31), 10-K (reporting date: 2010-12-31), 10-Q (reporting date: 2010-09-30), 10-Q (reporting date: 2010-06-30), 10-Q (reporting date: 2010-03-31).

1 Data adjusted for splits and stock dividends.

2 Q4 2014 Calculation
Sales per share = (Product net salesQ4 2014 + Product net salesQ3 2014 + Product net salesQ2 2014 + Product net salesQ1 2014) ÷ No. shares of common stock outstanding
= (1,889,000,000 + 1,790,700,000 + 1,827,300,000 + 1,619,100,000) ÷ 300,237,694 = 23.73

3 Closing price as at the filing date of Allergan Inc. Quarterly or Annual Report.

4 Q4 2014 Calculation
P/S ratio = Share price ÷ Sales per share
= 231.12 ÷ 23.73 = 9.74

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Allergan Inc. P/S ratio increased from Q2 2014 to Q3 2014 and from Q3 2014 to Q4 2014.

Price to Book Value (P/BV)

Allergan Inc., historical P/BV calculation (quarterly data)

Microsoft Excel
Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011 Sep 30, 2011 Jun 30, 2011 Mar 31, 2011 Dec 31, 2010 Sep 30, 2010 Jun 30, 2010 Mar 31, 2010
No. shares of common stock outstanding1 300,237,694 297,898,630 297,183,809 297,556,619 298,467,649 297,162,419 296,855,484 296,400,416 298,083,478 300,500,896 300,967,985 303,492,276 304,442,771 305,032,041 305,058,379 304,782,797 305,677,123 303,622,257 303,418,482 304,084,342
Selected Financial Data (US$)
Total Allergan, Inc. stockholders’ equity (in thousands) 7,753,000 7,110,700 6,786,000 6,617,900 6,463,200 6,085,900 5,721,900 5,337,100 5,837,100 5,569,600 5,438,800 5,458,600 5,309,600 5,105,700 4,963,900 4,865,700 4,757,700 4,459,500 5,088,000 4,944,800
Book value per share (BVPS)2 25.82 23.87 22.83 22.24 21.65 20.48 19.28 18.01 19.58 18.53 18.07 17.99 17.44 16.74 16.27 15.96 15.56 14.69 16.77 16.26
Share price1, 3 231.12 196.32 158.54 165.87 125.54 89.24 90.33 104.74 107.05 92.22 85.41 93.74 88.82 83.61 79.79 81.06 72.90 69.48 64.76 59.31
Valuation Ratio
P/BV ratio4 8.95 8.22 6.94 7.46 5.80 4.36 4.69 5.82 5.47 4.98 4.73 5.21 5.09 5.00 4.90 5.08 4.68 4.73 3.86 3.65
Benchmarks
P/BV Ratio, Competitors5
AbbVie Inc.
Amgen Inc.
Bristol-Myers Squibb Co.
Danaher Corp.
Eli Lilly & Co.
Gilead Sciences Inc.
Johnson & Johnson
Merck & Co. Inc.
Pfizer Inc.
Regeneron Pharmaceuticals Inc.
Thermo Fisher Scientific Inc.
Zoetis Inc.

Based on: 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31), 10-K (reporting date: 2010-12-31), 10-Q (reporting date: 2010-09-30), 10-Q (reporting date: 2010-06-30), 10-Q (reporting date: 2010-03-31).

1 Data adjusted for splits and stock dividends.

2 Q4 2014 Calculation
BVPS = Total Allergan, Inc. stockholders’ equity ÷ No. shares of common stock outstanding
= 7,753,000,000 ÷ 300,237,694 = 25.82

3 Closing price as at the filing date of Allergan Inc. Quarterly or Annual Report.

4 Q4 2014 Calculation
P/BV ratio = Share price ÷ BVPS
= 231.12 ÷ 25.82 = 8.95

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Allergan Inc. P/BV ratio increased from Q2 2014 to Q3 2014 and from Q3 2014 to Q4 2014.