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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash to Debt 0.62
AMGN's Cash to Debt is ranked higher than
53% of the 902 Companies
in the Global Biotechnology industry.

( Industry Median: 83.08 vs. AMGN: 0.62 )
AMGN' s 10-Year Cash to Debt Range
Min: 0.27   Max: 8.25
Current: 0.62

0.27
8.25
Equity to Asset 0.34
AMGN's Equity to Asset is ranked higher than
54% of the 744 Companies
in the Global Biotechnology industry.

( Industry Median: 0.67 vs. AMGN: 0.34 )
AMGN' s 10-Year Equity to Asset Range
Min: 0.33   Max: 0.84
Current: 0.34

0.33
0.84
F-Score: 5
Z-Score: 2.07
M-Score: -2.42
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 31.41
AMGN's Operating margin (%) is ranked higher than
95% of the 790 Companies
in the Global Biotechnology industry.

( Industry Median: -71.36 vs. AMGN: 31.41 )
AMGN' s 10-Year Operating margin (%) Range
Min: -14.21   Max: 42.33
Current: 31.41

-14.21
42.33
Net-margin (%) 27.21
AMGN's Net-margin (%) is ranked higher than
95% of the 790 Companies
in the Global Biotechnology industry.

( Industry Median: -59.60 vs. AMGN: 27.21 )
AMGN' s 10-Year Net-margin (%) Range
Min: -25.2   Max: 34.22
Current: 27.21

-25.2
34.22
ROE (%) 23.00
AMGN's ROE (%) is ranked higher than
96% of the 812 Companies
in the Global Biotechnology industry.

( Industry Median: -20.84 vs. AMGN: 23.00 )
AMGN' s 10-Year ROE (%) Range
Min: -7.61   Max: 36.26
Current: 23

-7.61
36.26
ROA (%) 7.68
AMGN's ROA (%) is ranked higher than
91% of the 890 Companies
in the Global Biotechnology industry.

( Industry Median: -17.36 vs. AMGN: 7.68 )
AMGN' s 10-Year ROA (%) Range
Min: -5.69   Max: 26.89
Current: 7.68

-5.69
26.89
ROC (Joel Greenblatt) (%) 74.52
AMGN's ROC (Joel Greenblatt) (%) is ranked higher than
96% of the 862 Companies
in the Global Biotechnology industry.

( Industry Median: -247.50 vs. AMGN: 74.52 )
AMGN' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -24.94   Max: 89.4
Current: 74.52

-24.94
89.4
Revenue Growth (%) 16.10
AMGN's Revenue Growth (%) is ranked higher than
88% of the 624 Companies
in the Global Biotechnology industry.

( Industry Median: -1.80 vs. AMGN: 16.10 )
AMGN' s 10-Year Revenue Growth (%) Range
Min: 5.9   Max: 29.3
Current: 16.1

5.9
29.3
EBITDA Growth (%) 9.20
AMGN's EBITDA Growth (%) is ranked higher than
87% of the 598 Companies
in the Global Biotechnology industry.

( Industry Median: -10.50 vs. AMGN: 9.20 )
AMGN' s 10-Year EBITDA Growth (%) Range
Min: 1.1   Max: 25.3
Current: 9.2

1.1
25.3
EPS Growth (%) 11.50
AMGN's EPS Growth (%) is ranked higher than
88% of the 631 Companies
in the Global Biotechnology industry.

( Industry Median: -12.60 vs. AMGN: 11.50 )
AMGN' s 10-Year EPS Growth (%) Range
Min: 2.3   Max: 22.1
Current: 11.5

2.3
22.1
» AMGN's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

AMGN Guru Trades in Q3 2013

Stanley Druckenmiller 231,000 sh (New)
Steven Cohen 63,283 sh (+187.92%)
Jeremy Grantham 2,668,851 sh (+29.16%)
Mario Gabelli 22,420 sh (+26.95%)
John Hussman 250,000 sh (+25%)
Vanguard Health Care Fund 10,758,455 sh (unchged)
Ray Dalio Sold Out
Paul Tudor Jones Sold Out
Pioneer Investments 696,092 sh (-2.31%)
Bill Frels 11,180 sh (-2.82%)
PRIMECAP Management 35,812,225 sh (-4.11%)
Mark Hillman 8,069 sh (-10.03%)
Ken Fisher 5,632 sh (-12.18%)
Dodge & Cox 160,052 sh (-38.73%)
Alan Fournier 90,000 sh (-41.94%)
Jim Simons 71,000 sh (-94.43%)
Manning & Napier Advisors, Inc 5,241 sh (-95.93%)
» More
Q4 2013

AMGN Guru Trades in Q4 2013

Joel Greenblatt 23,170 sh (New)
Paul Tudor Jones 7,697 sh (New)
Ray Dalio 7,513 sh (New)
Jim Simons 862,245 sh (+1114.43%)
Steven Cohen 751,083 sh (+1086.86%)
Jeremy Grantham 3,122,746 sh (+17.01%)
Mario Gabelli 23,620 sh (+5.35%)
Ken Fisher 5,837 sh (+3.64%)
Stanley Druckenmiller 231,000 sh (unchged)
Manning & Napier Advisors, Inc Sold Out
Pioneer Investments 694,971 sh (-0.16%)
PRIMECAP Management 35,508,354 sh (-0.85%)
Mark Hillman 7,912 sh (-1.95%)
Bill Frels 10,780 sh (-3.58%)
Dodge & Cox 136,620 sh (-14.64%)
Vanguard Health Care Fund 8,775,155 sh (-18.43%)
Alan Fournier 70,000 sh (-22.22%)
John Hussman 175,000 sh (-30%)
» More
Q1 2014

AMGN Guru Trades in Q1 2014

Louis Moore Bacon 3,450 sh (New)
RS Investment Management 3,840 sh (New)
Ken Fisher 49,887 sh (+754.67%)
Alan Fournier 150,000 sh (+114.29%)
Mario Gabelli 32,565 sh (+37.87%)
Pioneer Investments 783,138 sh (+12.69%)
Jeremy Grantham 3,290,249 sh (+5.36%)
Bill Frels 10,780 sh (unchged)
Joel Greenblatt Sold Out
Ray Dalio Sold Out
Stanley Druckenmiller Sold Out
Vanguard Health Care Fund 8,213,855 sh (-6.4%)
PRIMECAP Management 32,161,744 sh (-9.42%)
John Hussman 150,000 sh (-14.29%)
Dodge & Cox 105,757 sh (-22.59%)
Paul Tudor Jones 3,985 sh (-48.23%)
Jim Simons 333,349 sh (-61.34%)
Steven Cohen 13,665 sh (-98.18%)
» More
Q2 2014

AMGN Guru Trades in Q2 2014

Ken Fisher 85,316 sh (+71.02%)
Vanguard Health Care Fund 8,049,455 sh (-2%)
» More
» Details

Insider Trades

Latest Guru Trades with AMGN

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Hussman 2014-06-30 Reduce -66.67%0.93%$110.29 - $126.07 $ 126.9510%50000
PRIMECAP Management 2014-03-31 Reduce -9.42%0.46%$113.48 - $127.47 $ 127.395%32161744
Vanguard Health Care Fund 2014-03-31 Reduce -6.4%0.2%$113.48 - $127.47 $ 127.395%8213855
John Hussman 2014-03-31 Reduce -14.29%0.2%$113.48 - $127.47 $ 127.395%150000
Joel Greenblatt 2014-03-31 Sold Out 0.06%$113.48 - $127.47 $ 127.395%0
Mario Gabelli 2014-03-31 Add 37.87%0.01%$113.48 - $127.47 $ 127.395%32565
Ray Dalio 2014-03-31 Sold Out 0.01%$113.48 - $127.47 $ 127.395%0
Dodge & Cox 2014-03-31 Reduce -22.59%$113.48 - $127.47 $ 127.395%105757
Vanguard Health Care Fund 2013-12-31 Reduce -18.43%0.76%$106.28 - $118.688 $ 127.3912%8775155
John Hussman 2013-12-31 Reduce -30%0.45%$106.28 - $118.688 $ 127.3912%175000
Joel Greenblatt 2013-12-31 New Buy0.06%$106.28 - $118.688 $ 127.3912%23170
Ray Dalio 2013-12-31 New Buy0.01%$106.28 - $118.688 $ 127.3912%7513
John Hussman 2013-09-30 Add 25%0.3%$95.81 - $117.521 $ 127.3917%250000
PRIMECAP Management 2013-09-30 Reduce -4.11%0.22%$95.81 - $117.521 $ 127.3917%35812225
Ray Dalio 2013-09-30 Sold Out 0.07%$95.81 - $117.521 $ 127.3917%0
Dodge & Cox 2013-09-30 Reduce -38.73%0.01%$95.81 - $117.521 $ 127.3917%160052
Mario Gabelli 2013-09-30 Add 26.95%$95.81 - $117.521 $ 127.3917%22420
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on Amgen Inc

Mario Gabelli Comments on Amgen Inc. - Jan 06, 2014

Amgen Inc. (0.2%) (AMGN - $111.94 - NASDAQ)(AMGN) is one of the largest biotechnology companies in the world, with medicines for cancer, kidney dialysis, osteoporosis, and other conditions. Given its large size and mature product portfolio, revenue growth has slowed, but the company has been able to cut costs and repurchase shares to sustain double digit earnings per share growth. Earlier this year, Amgen offered to acquire Onyx Pharmaceuticals Inc. (less than 0.1%) to bolster its oncology portfolio, with Nexavar for liver cancer and Kyprolis for blood cancers. On Aug 25, after a brief auction, Amgen agreed to pay $125 per share, or $10.4 billion, for Onyx. While initially dilutive to earnings, this acquisition provides significant visibility into Amgen's future, with two blockbuster drugs that could eventually generate over $5 billion in annual sales. 

 

From Mario Gabelli (Trades, Portfolio)'s third quarter 2013 commentary.

Check out Mario Gabelli latest stock trades

Top Ranked Articles about Amgen Inc

Mario Gabelli Comments on Amgen Inc.
Amgen Inc. (0.2%) (AMGN - $111.94 - NASDAQ)(AMGN) is one of the largest biotechnology companies in the world, with medicines for cancer, kidney dialysis, osteoporosis, and other conditions. Given its large size and mature product portfolio, revenue growth has slowed, but the company has been able to cut costs and repurchase shares to sustain double digit earnings per share growth. Earlier this year, Amgen offered to acquire Onyx Pharmaceuticals Inc. (less than 0.1%) to bolster its oncology portfolio, with Nexavar for liver cancer and Kyprolis for blood cancers. On Aug 25, after a brief auction, Amgen agreed to pay $125 per share, or $10.4 billion, for Onyx. While initially dilutive to earnings, this acquisition provides significant visibility into Amgen's future, with two blockbuster drugs that could eventually generate over $5 billion in annual sales.  Read more...
PRIMECAP Trims Top Biotechs and More
Founded in 1983, PRIMECAP Management’s portfolio currently lists 251 stocks, nine of them new, with a total value of $69.9 billion and a quarter-over-quarter turnover of 3%. The portfolio is currently weighted with top three sectors: healthcare at 32.2%, technology at 31.2% and industrials at 13.2%. PRIMECAP Management is a mutual fund firm and the third highest in total value, right below Warren Buffett’s Berkshire Hathaway at $89.03 billion and Dodge & Cox at $84.20 billion. PRIMECAP’s 10-year average return is 9.9%. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 20.60
AMGN's P/E(ttm) is ranked higher than
96% of the 958 Companies
in the Global Biotechnology industry.

( Industry Median: 9999.00 vs. AMGN: 20.60 )
AMGN' s 10-Year P/E(ttm) Range
Min: 10.4   Max: 42.21
Current: 20.6

10.4
42.21
P/B 4.20
AMGN's P/B is ranked higher than
78% of the 958 Companies
in the Global Biotechnology industry.

( Industry Median: 5.80 vs. AMGN: 4.20 )
AMGN' s 10-Year P/B Range
Min: 1.8   Max: 5.24
Current: 4.2

1.8
5.24
P/S 5.15
AMGN's P/S is ranked higher than
86% of the 958 Companies
in the Global Biotechnology industry.

( Industry Median: 18.96 vs. AMGN: 5.15 )
AMGN' s 10-Year P/S Range
Min: 3.01   Max: 11.84
Current: 5.15

3.01
11.84
PFCF 17.20
AMGN's PFCF is ranked higher than
97% of the 958 Companies
in the Global Biotechnology industry.

( Industry Median: 9999.00 vs. AMGN: 17.20 )
AMGN' s 10-Year PFCF Range
Min: 8.78   Max: 49.8
Current: 17.2

8.78
49.8
EV-to-EBIT 19.07
AMGN's EV-to-EBIT is ranked higher than
94% of the 958 Companies
in the Global Biotechnology industry.

( Industry Median: 9999.00 vs. AMGN: 19.07 )
AMGN' s 10-Year EV-to-EBIT Range
Min: 8   Max: 30.4
Current: 19.07

8
30.4
PEG 2.40
AMGN's PEG is ranked higher than
96% of the 958 Companies
in the Global Biotechnology industry.

( Industry Median: 9999.00 vs. AMGN: 2.40 )
AMGN' s 10-Year PEG Range
Min: 0.25   Max: 2.89
Current: 2.4

0.25
2.89
Shiller P/E 24.50
AMGN's Shiller P/E is ranked higher than
98% of the 958 Companies
in the Global Biotechnology industry.

( Industry Median: 9999.00 vs. AMGN: 24.50 )
AMGN' s 10-Year Shiller P/E Range
Min: 12.76   Max: 88.32
Current: 24.5

12.76
88.32
Current Ratio 3.45
AMGN's Current Ratio is ranked higher than
70% of the 894 Companies
in the Global Biotechnology industry.

( Industry Median: 4.02 vs. AMGN: 3.45 )
AMGN' s 10-Year Current Ratio Range
Min: 1.31   Max: 6.33
Current: 3.45

1.31
6.33
Quick Ratio 3.09
AMGN's Quick Ratio is ranked higher than
70% of the 894 Companies
in the Global Biotechnology industry.

( Industry Median: 3.76 vs. AMGN: 3.09 )
AMGN' s 10-Year Quick Ratio Range
Min: 1.17   Max: 5.75
Current: 3.09

1.17
5.75

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.70
AMGN's Dividend Yield is ranked higher than
77% of the 166 Companies
in the Global Biotechnology industry.

( Industry Median: 1.11 vs. AMGN: 1.70 )
AMGN' s 10-Year Dividend Yield Range
Min: 0.48   Max: 1.89
Current: 1.7

0.48
1.89
Dividend Payout 0.33
AMGN's Dividend Payout is ranked higher than
97% of the 958 Companies
in the Global Biotechnology industry.

( Industry Median: 9999.00 vs. AMGN: 0.33 )
AMGN' s 10-Year Dividend Payout Range
Min: 0.22   Max: 0.56
Current: 0.33

0.22
0.56
Yield on cost (5-Year) 1.70
AMGN's Yield on cost (5-Year) is ranked higher than
69% of the 170 Companies
in the Global Biotechnology industry.

( Industry Median: 1.13 vs. AMGN: 1.70 )
AMGN' s 10-Year Yield on cost (5-Year) Range
Min: 0.48   Max: 1.89
Current: 1.7

0.48
1.89
Share Buyback Rate 7.40
AMGN's Share Buyback Rate is ranked higher than
99% of the 726 Companies
in the Global Biotechnology industry.

( Industry Median: -10.70 vs. AMGN: 7.40 )
AMGN' s 10-Year Share Buyback Rate Range
Min: 8.3   Max: -7.5
Current: 7.4

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 1.10
AMGN's Price/DCF (Projected) is ranked higher than
99% of the 958 Companies
in the Global Biotechnology industry.

( Industry Median: 9999.00 vs. AMGN: 1.10 )
AMGN' s 10-Year Price/DCF (Projected) Range
Min: 0.59   Max: 6.23
Current: 1.1

0.59
6.23
Price/Median PS Value 1.20
AMGN's Price/Median PS Value is ranked higher than
80% of the 958 Companies
in the Global Biotechnology industry.

( Industry Median: 1.90 vs. AMGN: 1.20 )
AMGN' s 10-Year Price/Median PS Value Range
Min: 0.72   Max: 5.19
Current: 1.2

0.72
5.19
Price/Peter Lynch Fair Value 2.60
AMGN's Price/Peter Lynch Fair Value is ranked higher than
97% of the 958 Companies
in the Global Biotechnology industry.

( Industry Median: 9999.00 vs. AMGN: 2.60 )
AMGN' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.58   Max: 3.34
Current: 2.6

0.58
3.34
Earnings Yield (Greenblatt) 5.30
AMGN's Earnings Yield (Greenblatt) is ranked higher than
71% of the 399 Companies
in the Global Biotechnology industry.

( Industry Median: 4.70 vs. AMGN: 5.30 )
AMGN' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.3   Max: 12.5
Current: 5.3

3.3
12.5
Forward Rate of Return (Yacktman) 11.68
AMGN's Forward Rate of Return (Yacktman) is ranked higher than
94% of the 740 Companies
in the Global Biotechnology industry.

( Industry Median: -10.93 vs. AMGN: 11.68 )
AMGN' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 1.4   Max: 70.3
Current: 11.68

1.4
70.3

Business Description

Industry: Biotechnology » Biotechnology
Compare:NVO, GILD, BIIB, CELG, CMXHY » details
Traded in other countries:AMG.Germany, 04332.Hongkong
Amgen Inc., a Delaware corporation was incorporated in 1980. The Company is a biotechnology medicines company. It discovers, develops, manufactures and delivers innovative human therapeutics. Its medicines help patients fight against cancer, kidney disease, rheumatoid arthritis (RA), bone disease, and other serious illnesses. The Company operates in one business segment which includes human therapeutics. The Company's principal products are: Aranesp (darbepoetin alfa) and EPOGEN (Epoetin alfa), erythropoietic-stimulating agents (ESAs) that stimulate the production of red blood cells; Neulasta (pegfilgrastim), a pegylated protein, based on the Filgrastim molecule, and NEUPOGEN (Filgrastim), a recombinant-methionyl human granulocyte colony-stimulating factor (G-CSF), both of which selectively stimulate the production of neutrophils (a type of white blood cell that helps the body fight infection), and Enbrel (etanercept), an inhibitor of tumor necrosis factor (TNF), a substance that plays a role in the body's response to inflammatory diseases. Its marketed products include Sensipar/Mimpara , a small molecule calcimimetic that lowers serum calcium levels; Vectibix , a monoclonal antibody that binds specifically to the epidermal growth factor receptor ; and Nplate, a thrombopoietin receptor agonist that mimics endogenous TPO, the primary driver of platelet production. In addition to its marketed products, it has various product candidates in mid- to late-stage development in a variety of therapeutic areas, including oncology, hematology, inflammation, bone health, nephrology, cardiovascular and general medicine, which includes neuroscience. The Company's manufacturing operations consist of bulk manufacturing, formulation, fill and finish and distribution activities for all of its principal products as well product candidates. Its manufacturing facilities are located in the United States, Puerto Rico and the Netherlands.
» More Articles for AMGN

Headlines

Articles On GuruFocus.com
Gulf Resources (GURE) Impressive Performance, Amgen (AMGN) and AstraZeneca (AZN) Positive Data From May 11 2014 
Amgen Inc: As Good as It Gets? Feb 20 2014 
You Can No Longer Ignore Biotech Feb 07 2014 
Mario Gabelli Comments on Amgen Inc. Jan 06 2014 
The Gabelli Asset Fund Shareholder Commentary - Third Quarter Jan 06 2014 
38 Stocks with Higher Dividends Dec 23 2013 
Vanguard Health Care Fund’s Top Third Quarter Holdings Oct 31 2013 
Insiders Are Buying Idera Pharmaceuticals Sep 19 2013 
PRIMECAP Trims Top Biotechs and More Aug 30 2013 
Amgen’s Dividend Policy Has Ignited Its Stock Jan 11 2013 


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