Bausch Health Companies
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
7.446.641.542.50
Price/Sales ratio
0.290.280.280.32
Earnings per Share (EPS)
$1.05$1.18$5.08$3.12

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
52.54-130.86-2.093.02-1.55-5.90-13.20-10.57-10.72-4.94-12.28-5.90
Price/Sales ratio
5.803.310.520.830.771.220.911.170.270.330.341.22
Price/Book Value ratio
9.035.891.591.242.369.9113.80-93.48-3.28-2.86-3.999.91
Price/Cash Flow ratio
20.9115.832.413.174.307.016.646.94-3.122.83-3.797.01
Price/Free Cash Flow ratio
26.3118.362.803.725.108.619.208.66-2.283.85-2.778.61
Price/Earnings Growth ratio
-0.241.04-0.00-0.010.000.100.19-0.150.13-0.02-0.150.10
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
72.71%74.80%73.01%70.79%71.94%72.67%71.98%71.61%70.90%70.77%70.90%72.67%
Operating Profit Margin
24.68%14.80%-5.85%1.16%-28.44%-0.84%8.42%14.34%16.86%10.99%17.12%-28.44%
Pretax Profit Margin
13.22%-1.22%-25.17%-19.95%-49.57%-21.35%-11.63%-12.14%-1.58%-4.45%-1.58%-49.57%
Net Profit Margin
11.05%-2.53%-24.90%27.55%-49.49%-20.73%-6.96%-11.10%-2.60%-6.76%-2.76%-49.49%
Effective Tax Rate
16.51%-104.76%1.10%238.08%0.24%2.93%40.14%8.49%-64.34%-56.66%-64.34%2.93%
Return on Assets
3.46%-0.54%-5.53%6.41%-15.11%-5.26%-1.79%-3.20%-0.82%-2.16%-0.87%-15.11%
Return On Equity
17.19%-4.50%-76.42%41.10%-151.77%-167.73%-104.48%883.96%30.63%57.92%42.33%-151.77%
Return on Capital Employed
8.63%3.56%-1.41%0.30%-10.09%-0.26%2.57%5.04%6.30%4.17%6.39%-10.09%
Liquidity Ratios
Current Ratio
1.531.031.401.111.091.111.08N/AN/AN/A1.071.11
Quick Ratio
1.180.801.110.86-0.050.930.860.880.800.940.59-0.05
Cash ratio
0.110.110.150.160.180.510.120.110.140.220.140.51
Days of Sales Outstanding
91.6893.4194.9689.1181.2378.0471.7076.8180.4283.2780.4280.42
Days of Inventory outstanding
153.89173.40148.32150.12145.00171.93177.55151.39168.29220.22168.29145.00
Operating Cycle
245.58266.81243.28239.24226.23249.97249.25228.21248.71303.50188.12249.97
Days of Payables Outstanding
64.4359.8445.2952.2863.8078.1254.6962.0580.44102.5580.4463.80
Cash Conversion Cycle
181.14206.96197.99186.95162.42171.85194.56166.16168.27200.9541.47171.85
Debt Ratios
Debt Ratio
0.570.630.680.670.880.760.760.770.800.810.980.88
Debt Equity Ratio
2.865.269.464.358.8924.3644.71-213.71-30.00-21.90-36.7424.36
Long-term Debt to Capitalization
0.740.830.900.810.890.950.971.001.031.041.030.89
Total Debt to Capitalization
0.740.840.900.810.890.960.971.001.031.041.030.89
Interest Coverage Ratio
2.521.370.600.290.290.800.85N/AN/AN/A0.950.29
Cash Flow to Debt Ratio
0.150.070.060.090.060.050.040.06-0.030.04-0.030.05
Company Equity Multiplier
4.968.2813.806.4110.0431.8558.31-275.49-37.11-26.76-37.1131.85
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.270.200.210.260.170.170.130.16-0.080.11-0.080.17
Free Cash Flow / Operating Cash Flow Ratio
0.790.860.860.850.840.810.720.801.360.731.360.84
Cash Flow Coverage Ratio
0.150.070.060.090.060.050.040.06-0.030.04-0.030.05
Short Term Coverage Ratio
323.192.622.08K10.956.581.21N/AN/A-1.682.29-1.681.21
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A