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Also traded in: Argentina, Germany, Mexico, Switzerland, UK, USA

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 0.26
NVSEF's Cash-to-Debt is ranked lower than
79% of the 799 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 3.09 vs. NVSEF: 0.26 )
Ranked among companies with meaningful Cash-to-Debt only.
NVSEF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18  Med: 1.19 Max: N/A
Current: 0.26
Equity-to-Asset 0.51
NVSEF's Equity-to-Asset is ranked lower than
57% of the 734 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 0.64 vs. NVSEF: 0.51 )
Ranked among companies with meaningful Equity-to-Asset only.
NVSEF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.51  Med: 0.58 Max: 0.65
Current: 0.51
0.51
0.65
Interest Coverage 10.99
NVSEF's Interest Coverage is ranked lower than
71% of the 635 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 105.95 vs. NVSEF: 10.99 )
Ranked among companies with meaningful Interest Coverage only.
NVSEF' s Interest Coverage Range Over the Past 10 Years
Min: 11.69  Med: 16.22 Max: 30.91
Current: 10.99
11.69
30.91
Piotroski F-Score: 7
Altman Z-Score: 2.29
Beneish M-Score: -2.76
WACC vs ROIC
6.03%
7.15%
WACC
ROIC
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 : 6/10

vs
industry
vs
history
Operating Margin % 15.62
NVSEF's Operating Margin % is ranked higher than
74% of the 744 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 8.42 vs. NVSEF: 15.62 )
Ranked among companies with meaningful Operating Margin % only.
NVSEF' s Operating Margin % Range Over the Past 10 Years
Min: 16.72  Med: 20.76 Max: 22.35
Current: 15.62
16.72
22.35
Net Margin % 12.83
NVSEF's Net Margin % is ranked higher than
75% of the 745 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 6.16 vs. NVSEF: 12.83 )
Ranked among companies with meaningful Net Margin % only.
NVSEF' s Net Margin % Range Over the Past 10 Years
Min: 13.58  Med: 18.81 Max: 35.29
Current: 12.83
13.58
35.29
ROE % 8.78
NVSEF's ROE % is ranked higher than
58% of the 768 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 6.86 vs. NVSEF: 8.78 )
Ranked among companies with meaningful ROE % only.
NVSEF' s ROE % Range Over the Past 10 Years
Min: 8.95  Med: 14.79 Max: 25.73
Current: 8.78
8.95
25.73
ROA % 4.81
NVSEF's ROA % is ranked higher than
57% of the 799 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 3.49 vs. NVSEF: 4.81 )
Ranked among companies with meaningful ROA % only.
NVSEF' s ROA % Range Over the Past 10 Years
Min: 5.19  Med: 8.59 Max: 16.19
Current: 4.81
5.19
16.19
ROC (Joel Greenblatt) % 47.05
NVSEF's ROC (Joel Greenblatt) % is ranked higher than
83% of the 785 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 13.40 vs. NVSEF: 47.05 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
NVSEF' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 43.78  Med: 59.62 Max: 69.75
Current: 47.05
43.78
69.75
3-Year Revenue Growth Rate 2.90
NVSEF's 3-Year Revenue Growth Rate is ranked lower than
62% of the 607 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 5.70 vs. NVSEF: 2.90 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
NVSEF' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -3.9  Med: 2.5 Max: 12.3
Current: 2.9
-3.9
12.3
3-Year EBITDA Growth Rate -4.80
NVSEF's 3-Year EBITDA Growth Rate is ranked lower than
73% of the 583 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 9.40 vs. NVSEF: -4.80 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
NVSEF' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -7.7  Med: 0.4 Max: 11.6
Current: -4.8
-7.7
11.6
3-Year EPS without NRI Growth Rate -4.80
NVSEF's 3-Year EPS without NRI Growth Rate is ranked lower than
66% of the 551 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 7.00 vs. NVSEF: -4.80 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
NVSEF' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -7.1  Med: 3.2 Max: 82
Current: -4.8
-7.1
82
GuruFocus has detected 6 Warning Signs with Novartis AG $NVSEF.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» NVSEF's 30-Y Financials

Financials (Next Earnings Date: 2017-07-18)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

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Business Description

Industry: Drug Manufacturers » Drug Manufacturers - Major    NAICS: 325412 
Compare:NYSE:PFE, NYSE:MRK, OTCPK:RHHBY, NYSE:SNY, OTCPK:BAYRY, OTCPK:GLAXF, NYSE:ABBV, NYSE:BMY, NYSE:LLY, NYSE:AZN, NYSE:JNJ, OTCPK:ALPMF, OTCPK:OTSKY, OTCPK:CHGCY, OTCPK:DSNKY, OTCPK:OPHLY, OTCPK:KYKOF, OTCPK:CHPTY, OTCPK:PTKFY, OTCPK:SNPHY » details
Traded in other countries:NVS.Argentina, NOT.Germany, NVS N.Mexico, NOVN.Switzerland, 0HKE.UK, NVS.USA,
Headquarter Location:Switzerland
Novartis AG is in the research, development, manufacturing and marketing of healthcare products and pharmaceuticals. Its portfolio includes pharmaceuticals and oncology medicines, generic and biosimilar medicines and eye care devices.

Novartis develops and manufactures health-care products in four main operating segments: branded drugs, generic pharmaceuticals, eye care products, and consumer products. The company sells its products globally with the U.S. representing close to a third of total sales.

Ratios

vs
industry
vs
history
PE Ratio 30.00
NVSEF's PE Ratio is ranked higher than
53% of the 556 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 28.48 vs. NVSEF: 30.00 )
Ranked among companies with meaningful PE Ratio only.
NVSEF' s PE Ratio Range Over the Past 10 Years
Min: 5.7  Med: 15.96 Max: 30.83
Current: 30
5.7
30.83
Forward PE Ratio 16.81
NVSEF's Forward PE Ratio is ranked higher than
94% of the 202 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 16.39 vs. NVSEF: 16.81 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 30.00
NVSEF's PE Ratio without NRI is ranked higher than
52% of the 544 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 27.85 vs. NVSEF: 30.00 )
Ranked among companies with meaningful PE Ratio without NRI only.
NVSEF' s PE Ratio without NRI Range Over the Past 10 Years
Min: 10.63  Med: 18.24 Max: 31.15
Current: 30
10.63
31.15
Price-to-Owner-Earnings 19.92
NVSEF's Price-to-Owner-Earnings is ranked higher than
78% of the 293 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 33.45 vs. NVSEF: 19.92 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
NVSEF' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 7.18  Med: 15.41 Max: 21.91
Current: 19.92
7.18
21.91
PB Ratio 2.75
NVSEF's PB Ratio is ranked higher than
62% of the 770 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 3.03 vs. NVSEF: 2.75 )
Ranked among companies with meaningful PB Ratio only.
NVSEF' s PB Ratio Range Over the Past 10 Years
Min: 1.69  Med: 2.44 Max: 3.74
Current: 2.75
1.69
3.74
PS Ratio 3.85
NVSEF's PS Ratio is ranked lower than
57% of the 721 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 2.90 vs. NVSEF: 3.85 )
Ranked among companies with meaningful PS Ratio only.
NVSEF' s PS Ratio Range Over the Past 10 Years
Min: 1.89  Med: 3.27 Max: 5.03
Current: 3.85
1.89
5.03
Price-to-Free-Cash-Flow 20.93
NVSEF's Price-to-Free-Cash-Flow is ranked higher than
54% of the 226 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 23.83 vs. NVSEF: 20.93 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
NVSEF' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 7.04  Med: 17.11 Max: 26.65
Current: 20.93
7.04
26.65
Price-to-Operating-Cash-Flow 15.87
NVSEF's Price-to-Operating-Cash-Flow is ranked higher than
58% of the 288 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 17.62 vs. NVSEF: 15.87 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
NVSEF' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 5.75  Med: 13.25 Max: 19.28
Current: 15.87
5.75
19.28
EV-to-EBIT 26.11
NVSEF's EV-to-EBIT is ranked higher than
93% of the 776 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 20.99 vs. NVSEF: 26.11 )
Ranked among companies with meaningful EV-to-EBIT only.
NVSEF' s EV-to-EBIT Range Over the Past 10 Years
Min: 8.5  Med: 15.6 Max: 27
Current: 26.11
8.5
27
EV-to-EBITDA 16.50
NVSEF's EV-to-EBITDA is ranked higher than
97% of the 797 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 15.26 vs. NVSEF: 16.50 )
Ranked among companies with meaningful EV-to-EBITDA only.
NVSEF' s EV-to-EBITDA Range Over the Past 10 Years
Min: 7.3  Med: 12.2 Max: 18.1
Current: 16.5
7.3
18.1
Shiller PE Ratio 16.39
NVSEF's Shiller PE Ratio is ranked higher than
91% of the 161 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 43.67 vs. NVSEF: 16.39 )
Ranked among companies with meaningful Shiller PE Ratio only.
NVSEF' s Shiller PE Ratio Range Over the Past 10 Years
Min: 9.68  Med: 14.8 Max: 21.57
Current: 16.39
9.68
21.57
Current Ratio 0.98
NVSEF's Current Ratio is ranked lower than
86% of the 700 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 2.55 vs. NVSEF: 0.98 )
Ranked among companies with meaningful Current Ratio only.
NVSEF' s Current Ratio Range Over the Past 10 Years
Min: 0.83  Med: 1.35 Max: 2.83
Current: 0.98
0.83
2.83
Quick Ratio 0.73
NVSEF's Quick Ratio is ranked lower than
83% of the 699 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 1.85 vs. NVSEF: 0.73 )
Ranked among companies with meaningful Quick Ratio only.
NVSEF' s Quick Ratio Range Over the Past 10 Years
Min: 0.59  Med: 1.08 Max: 2.48
Current: 0.73
0.59
2.48
Days Inventory 137.66
NVSEF's Days Inventory is ranked lower than
59% of the 689 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 117.29 vs. NVSEF: 137.66 )
Ranked among companies with meaningful Days Inventory only.
NVSEF' s Days Inventory Range Over the Past 10 Years
Min: 117.82  Med: 150.76 Max: 183.45
Current: 137.66
117.82
183.45
Days Sales Outstanding 61.48
NVSEF's Days Sales Outstanding is ranked higher than
61% of the 636 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 75.05 vs. NVSEF: 61.48 )
Ranked among companies with meaningful Days Sales Outstanding only.
NVSEF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 56.31  Med: 63.6 Max: 70.59
Current: 61.48
56.31
70.59
Days Payable 96.74
NVSEF's Days Payable is ranked higher than
70% of the 586 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 70.53 vs. NVSEF: 96.74 )
Ranked among companies with meaningful Days Payable only.
NVSEF' s Days Payable Range Over the Past 10 Years
Min: 95.93  Med: 116.45 Max: 135.35
Current: 96.74
95.93
135.35

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 3.42
NVSEF's Dividend Yield % is ranked higher than
91% of the 673 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 1.58 vs. NVSEF: 3.42 )
Ranked among companies with meaningful Dividend Yield % only.
NVSEF' s Dividend Yield % Range Over the Past 10 Years
Min: 1.49  Med: 3.41 Max: 5.11
Current: 3.42
1.49
5.11
Dividend Payout Ratio 1.02
NVSEF's Dividend Payout Ratio is ranked higher than
69% of the 410 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 0.35 vs. NVSEF: 1.02 )
Ranked among companies with meaningful Dividend Payout Ratio only.
NVSEF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.4  Med: 0.64 Max: 1.02
Current: 1.02
0.4
1.02
3-Year Dividend Growth Rate 7.60
NVSEF's 3-Year Dividend Growth Rate is ranked lower than
52% of the 285 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 7.70 vs. NVSEF: 7.60 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
NVSEF' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -70.6  Med: 7.85 Max: 18.5
Current: 7.6
-70.6
18.5
Forward Dividend Yield % 3.42
NVSEF's Forward Dividend Yield % is ranked higher than
86% of the 658 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 1.59 vs. NVSEF: 3.42 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 4.41
NVSEF's 5-Year Yield-on-Cost % is ranked higher than
89% of the 786 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 2.09 vs. NVSEF: 4.41 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
NVSEF' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.92  Med: 4.39 Max: 6.58
Current: 4.41
1.92
6.58
3-Year Average Share Buyback Ratio 0.70
NVSEF's 3-Year Average Share Buyback Ratio is ranked higher than
90% of the 442 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: -4.30 vs. NVSEF: 0.70 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
NVSEF' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -2.1  Med: 1.05 Max: 2.4
Current: 0.7
-2.1
2.4

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 38.19
NVSEF's Price-to-Tangible-Book is ranked lower than
88% of the 705 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 3.61 vs. NVSEF: 38.19 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
NVSEF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.68  Med: 4.41 Max: 12455
Current: 38.19
2.68
12455
Price-to-Intrinsic-Value-Projected-FCF 1.30
NVSEF's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
82% of the 288 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 2.56 vs. NVSEF: 1.30 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
NVSEF' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.67  Med: 1.15 Max: 2.52
Current: 1.3
0.67
2.52
Price-to-Median-PS-Value 1.17
NVSEF's Price-to-Median-PS-Value is ranked higher than
52% of the 645 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 1.13 vs. NVSEF: 1.17 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
NVSEF' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.64  Med: 1.14 Max: 3.1
Current: 1.17
0.64
3.1
Price-to-Graham-Number 7.14
NVSEF's Price-to-Graham-Number is ranked lower than
76% of the 408 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 2.35 vs. NVSEF: 7.14 )
Ranked among companies with meaningful Price-to-Graham-Number only.
NVSEF' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.27  Med: 2.05 Max: 81.67
Current: 7.14
1.27
81.67
Earnings Yield (Greenblatt) % 3.83
NVSEF's Earnings Yield (Greenblatt) % is ranked higher than
95% of the 1046 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 3.36 vs. NVSEF: 3.83 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
NVSEF' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 3.7  Med: 6.4 Max: 11.8
Current: 3.83
3.7
11.8
Forward Rate of Return (Yacktman) % 3.51
NVSEF's Forward Rate of Return (Yacktman) % is ranked lower than
61% of the 369 Companies
in the Global Drug Manufacturers - Major industry.

( Industry Median: 10.72 vs. NVSEF: 3.51 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
NVSEF' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: 1  Med: 13.35 Max: 56.7
Current: 3.51
1
56.7

More Statistics

Revenue (TTM) (Mil) $49,411
EPS (TTM) $ 2.66
Beta0.81
Short Percentage of Float0.00%
52-Week Range $66.35 - 83.80
Shares Outstanding (Mil)2,365.60

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 49,136 51,287 54,692
EPS ($) 4.70 5.13 5.77
EPS without NRI ($) 4.70 5.13 5.77
EPS Growth Rate
(Future 3Y To 5Y Estimate)
4.10%
Dividends per Share ($) 2.80 2.95 3.18
» More Articles for NVSEF

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