AbbVie, Inc.
Analyst Listing
The following analysts provide coverage for the subject firm as of May 2016:
Broker | Analyst | Analyst Email |
BMO Capital Markets | Alex Arfaei | alex.arfaei@bmo.com |
Morningstar | Damien Conover | damien.conover@morningstar.com |
Argus Research | David Toung | dtoung@argusresearch.com |
Deutsche Bank Research | Gregg Gilbert | gregg.gilbert@db.com |
Erste Group | Hans Engel | hans.engel@erstegroup.com |
Jefferies | Jeffrey Holford | jholford@jefferies.com |
SunTrust Robinson Humphrey | John T. Boris | john.t.boris@suntrust.com |
Societe Generale | Justin Smith | justin.smith@sgcib.com |
Evercore ISI | Mark Schoenebaum | mark.schoenebaum@evercoreisi.com |
Piper Jaffray | Richard J. Purkiss | richard.j.purkiss@pjc.com |
Atlantic Equities | Steve Chesney | s.chesney@atlantic-equities.com |
Cowen & Company | Steve Scala | steve.scala@cowen.com |
Guggenheim Securities | Tony Butler | tony.butler@guggenheimpartners.com |
Credit Suisse | Vamil Divan | vamil.divan@credit-suisse.com |
William Blair | Y. Katherine Xu | kxu@williamblair.com |
Primary Input Data
Derived Input Data
Derived Input |
Label |
2015 Value |
2016
|
Equational Form |
Net Operating Profit Less Adjusted Taxes | NOPLAT | 5,487 | 6,367 | |
Free Cash Flow | FCF | 7,003 | 6,562 | |
Tax Shield | TS | 163 | 248 | |
Invested Capital | IC | 42,156 | 56,318 | |
Return on Invested Capital | ROIC | 13.02% | 11.31% | |
Net Investment | NetInv | 26,426 | 15,351 | |
Investment Rate | IR | 481.64% | 241.11% | |
Weighted Average Cost of Capital |
WACCMarket | 15.01% | 10.87% | |
WACCBook | 8.69% | 7.26% | ||
Enterprise value |
EVMarket | 115,765 | 129,591 | |
EVBook | 116,203 | 129,740 | ||
Long-Run Growth |
g = IR x ROIC |
62.69% | 27.26% | Long-run growth rates of the income variable are used in the Continuing Value portion of the valuation models. |
g = % GDP | 2.50% | 2.50% | ||
Margin from Operations | M | 36.93% | 38.21% | |
Depreciation/Amortization Rate | D | 4.71% | 10.82% |
Valuation Multiple Outcomes
The outcomes presented in this study are the result of original input data, derived data, and synthesized inputs.
Equational Form |
Observed Value |
Single-stagemultiple g solution |
Two-stage valuationmodel g solution |
|||
12/31/2015 | 12/31/2016 | 12/31/2015 | 12/31/2016 | 12/31/2015 | 12/31/2016 | |
|
5.06 | 5.05 | 16.16% | 10.53% |
15.71% |
10.7120% |
|
13.07 |
11.80 |
16.16% |
10.53% |
15.71% |
10.7120% |
|
21.10 |
20.35 |
16.16% |
10.53% |
15.71% |
10.7120% |
|
16.53 |
19.75 |
16.16% |
10.53% |
15.71% |
10.7120% |
|
13.71 |
13.23 |
16.16% |
10.53% |
15.71% |
10.7120% |
|
2.75 |
2.30 |
16.16% |
10.53% |
15.71% |
10.7120% |