Boston Scientific Corp Stock Beta

BSX Stock

USD 97.16 1.79 1.88%

Boston Scientific Corp fundamentals help investors to digest information that contributes to Boston Scientific's financial success or failures. It also enables traders to predict the movement of Boston Stock. The fundamental analysis module provides a way to measure Boston Scientific's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Boston Scientific stock.

Short Long Term Debt Total Total Assets

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Boston Scientific Corp Company Beta Analysis

Boston Scientific's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Boston Scientific Beta

0.77

Most of Boston Scientific's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Boston Scientific Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Boston Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Boston Scientific is extremely important. It helps to project a fair market value of Boston Stock properly, considering its historical fundamentals such as Beta. Since Boston Scientific's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Boston Scientific's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Boston Scientific's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Short Term Investments	Common Stock	Long Term Debt	Good Will	Treasury Stock	Property Plant Equipment	Current Deferred Revenue	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.98	0.95	0.61	0.92	0.95	0.76	0.97	0.4	0.56	0.79	0.63	0.85	0.88	-0.74	0.83	-0.42	0.82	0.71	0.83	-0.6	0.68	0.3	0.65	0.88	0.77	0.76
Total Stockholder Equity	0.98		0.9	0.74	0.92	0.91	0.66	0.95	0.35	0.42	0.77	0.51	0.8	0.88	-0.65	0.81	-0.36	0.88	0.75	0.86	-0.51	0.63	0.27	0.68	0.92	0.8	0.82
Net Debt	0.95	0.9		0.55	0.88	0.95	0.78	0.91	0.54	0.59	0.85	0.62	0.84	0.81	-0.75	0.78	-0.51	0.73	0.71	0.76	-0.67	0.75	0.43	0.52	0.85	0.69	0.69
Retained Earnings	0.61	0.74	0.55		0.68	0.49	0.16	0.57	0.24	-0.22	0.61	-0.14	0.46	0.57	-0.21	0.48	-0.19	0.78	0.78	0.72	-0.16	0.43	0.21	0.59	0.84	0.69	0.76
Accounts Payable	0.92	0.92	0.88	0.68		0.91	0.64	0.91	0.42	0.34	0.84	0.52	0.76	0.83	-0.75	0.81	-0.51	0.84	0.72	0.87	-0.68	0.62	0.31	0.64	0.89	0.75	0.79
Net Receivables	0.95	0.91	0.95	0.49	0.91		0.73	0.91	0.55	0.61	0.77	0.69	0.74	0.82	-0.73	0.79	-0.42	0.75	0.56	0.76	-0.69	0.59	0.45	0.45	0.78	0.58	0.73
Total Liab	0.76	0.66	0.78	0.16	0.64	0.73		0.77	0.24	0.84	0.62	0.86	0.91	0.84	-0.79	0.86	-0.56	0.45	0.61	0.66	-0.61	0.65	0.12	0.51	0.65	0.59	0.38
Total Current Assets	0.97	0.95	0.91	0.57	0.91	0.91	0.77		0.35	0.51	0.81	0.64	0.86	0.84	-0.83	0.81	-0.46	0.83	0.72	0.85	-0.66	0.76	0.24	0.76	0.87	0.83	0.75
Short Term Debt	0.4	0.35	0.54	0.24	0.42	0.55	0.24	0.35		0.24	0.66	0.18	0.1	0.27	-0.25	0.24	-0.2	0.21	0.09	0.29	-0.38	0.34	0.98	-0.07	0.31	0.03	0.39
Intangible Assets	0.56	0.42	0.59	-0.22	0.34	0.61	0.84	0.51	0.24		0.3	0.88	0.62	0.58	-0.52	0.58	-0.3	0.11	0.15	0.25	-0.4	0.32	0.17	0.1	0.26	0.18	0.09
Short Term Investments	0.79	0.77	0.85	0.61	0.84	0.77	0.62	0.81	0.66	0.3		0.38	0.69	0.69	-0.69	0.68	-0.63	0.68	0.68	0.74	-0.67	0.8	0.55	0.59	0.81	0.73	0.62
Common Stock	0.63	0.51	0.62	-0.14	0.52	0.69	0.86	0.64	0.18	0.88	0.38		0.68	0.67	-0.73	0.71	-0.47	0.32	0.27	0.48	-0.64	0.45	0.07	0.29	0.37	0.31	0.31
Long Term Debt	0.85	0.8	0.84	0.46	0.76	0.74	0.91	0.86	0.1	0.62	0.69	0.68		0.87	-0.8	0.87	-0.58	0.66	0.85	0.79	-0.59	0.75	-0.03	0.72	0.84	0.83	0.53
Good Will	0.88	0.88	0.81	0.57	0.83	0.82	0.84	0.84	0.27	0.58	0.69	0.67	0.87		-0.65	0.97	-0.4	0.73	0.76	0.88	-0.49	0.57	0.18	0.61	0.86	0.7	0.7
Treasury Stock	-0.74	-0.65	-0.75	-0.21	-0.75	-0.73	-0.79	-0.83	-0.25	-0.52	-0.69	-0.73	-0.8	-0.65		-0.72	0.58	-0.59	-0.58	-0.69	0.84	-0.72	-0.08	-0.62	-0.66	-0.7	-0.46
Property Plant Equipment	0.83	0.81	0.78	0.48	0.81	0.79	0.86	0.81	0.24	0.58	0.68	0.71	0.87	0.97	-0.72		-0.46	0.72	0.75	0.88	-0.57	0.56	0.14	0.57	0.83	0.68	0.66
Current Deferred Revenue	-0.42	-0.36	-0.51	-0.19	-0.51	-0.42	-0.56	-0.46	-0.2	-0.3	-0.63	-0.47	-0.58	-0.4	0.58	-0.46		-0.3	-0.5	-0.43	0.71	-0.64	-0.1	-0.42	-0.45	-0.5	-0.22
Net Tangible Assets	0.82	0.88	0.73	0.78	0.84	0.75	0.45	0.83	0.21	0.11	0.68	0.32	0.66	0.73	-0.59	0.72	-0.3		0.74	0.86	-0.48	0.62	0.14	0.65	0.87	0.8	0.85
Long Term Debt Total	0.71	0.75	0.71	0.78	0.72	0.56	0.61	0.72	0.09	0.15	0.68	0.27	0.85	0.76	-0.58	0.75	-0.5	0.74		0.86	-0.41	0.72	-0.01	0.76	0.92	0.86	0.67
Capital Surpluse	0.83	0.86	0.76	0.72	0.87	0.76	0.66	0.85	0.29	0.25	0.74	0.48	0.79	0.88	-0.69	0.88	-0.43	0.86	0.86		-0.56	0.67	0.19	0.76	0.93	0.79	0.89
Deferred Long Term Liab	-0.6	-0.51	-0.67	-0.16	-0.68	-0.69	-0.61	-0.66	-0.38	-0.4	-0.67	-0.64	-0.59	-0.49	0.84	-0.57	0.71	-0.48	-0.41	-0.56		-0.63	-0.26	-0.39	-0.51	-0.47	-0.41
Long Term Investments	0.68	0.63	0.75	0.43	0.62	0.59	0.65	0.76	0.34	0.32	0.8	0.45	0.75	0.57	-0.72	0.56	-0.64	0.62	0.72	0.67	-0.63		0.21	0.67	0.69	0.76	0.52
Short Long Term Debt	0.3	0.27	0.43	0.21	0.31	0.45	0.12	0.24	0.98	0.17	0.55	0.07	-0.03	0.18	-0.08	0.14	-0.1	0.14	-0.01	0.19	-0.26	0.21		-0.17	0.22	-0.08	0.34
Cash And Equivalents	0.65	0.68	0.52	0.59	0.64	0.45	0.51	0.76	-0.07	0.1	0.59	0.29	0.72	0.61	-0.62	0.57	-0.42	0.65	0.76	0.76	-0.39	0.67	-0.17		0.75	0.91	0.6
Net Invested Capital	0.88	0.92	0.85	0.84	0.89	0.78	0.65	0.87	0.31	0.26	0.81	0.37	0.84	0.86	-0.66	0.83	-0.45	0.87	0.92	0.93	-0.51	0.69	0.22	0.75		0.87	0.82
Net Working Capital	0.77	0.8	0.69	0.69	0.75	0.58	0.59	0.83	0.03	0.18	0.73	0.31	0.83	0.7	-0.7	0.68	-0.5	0.8	0.86	0.79	-0.47	0.76	-0.08	0.91	0.87		0.59
Capital Stock	0.76	0.82	0.69	0.76	0.79	0.73	0.38	0.75	0.39	0.09	0.62	0.31	0.53	0.7	-0.46	0.66	-0.22	0.85	0.67	0.89	-0.41	0.52	0.34	0.6	0.82	0.59

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Boston Scientific

In accordance with the recently published financial statements, Boston Scientific Corp has a Beta of 0.774. This is 10.0% lower than that of the Health Care Equipment & Supplies sector and 25.58% lower than that of the Health Care industry. The beta for all United States stocks is notably lower than that of the firm.

Boston Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Boston Scientific's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Boston Scientific could also be used in its relative valuation, which is a method of valuing Boston Scientific by comparing valuation metrics of similar companies.

Boston Scientific is currently under evaluation in beta category among its peers.

Boston Scientific ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Boston Scientific's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Boston Scientific's managers, analysts, and investors.

Environmental

Governance

Social

Boston Scientific Institutional Holders

Institutional Holdings refers to the ownership stake in Boston Scientific that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Boston Scientific's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Boston Scientific's value.

		Shares
Bollard Group Llc	2024-12-31	20.7 M
Morgan Stanley - Brokerage Accounts	2024-12-31	20.5 M
Norges Bank	2024-12-31	19.7 M
Massachusetts Financial Services Company	2024-12-31	19.7 M
Franklin Resources Inc	2024-12-31	16.5 M
Amvescap Plc.	2024-12-31	15.8 M
Hhg Plc	2024-12-31	15 M
Northern Trust Corp	2024-12-31	14.6 M
Goldman Sachs Group Inc	2024-12-31	12.9 M
Blackrock Inc	2024-12-31	139 M
Vanguard Group Inc	2024-12-31	132.9 M

As returns on the market increase, Boston Scientific's returns are expected to increase less than the market. However, during the bear market, the loss of holding Boston Scientific is expected to be smaller as well.

Boston Fundamentals

	Return On Equity	0.0889
	Return On Asset	0.0504
	Profit Margin	0.11 %
	Operating Margin	0.17 %
	Current Valuation	154.12 B
	Shares Outstanding	1.48 B
	Shares Owned By Insiders	0.19 %
	Shares Owned By Institutions	93.26 %
	Number Of Shares Shorted	12.87 M
	Price To Earning	107.05 X
	Price To Book	6.59 X
	Price To Sales	8.56 X
	Revenue	16.75 B
	Gross Profit	11.46 B
	EBITDA	2.6 B
	Net Income	1.85 B
	Cash And Equivalents	928 M
	Cash Per Share	0.24 X
	Total Debt	10.75 B
	Debt To Equity	0.51 %
	Current Ratio	1.45 X
	Book Value Per Share	14.76 X
	Cash Flow From Operations	3.44 B
	Short Ratio	1.82 X
	Earnings Per Share	1.25 X
	Price To Earnings To Growth	1.91 X
	Target Price	115.62
	Number Of Employees	53 K
	Beta	0.77
	Market Capitalization	143.39 B
	Total Asset	39.4 B
	Retained Earnings	2.67 B
	Working Capital	521 M
	Current Asset	1.21 B
	Current Liabilities	923 M
	Net Asset	39.4 B

About Boston Scientific Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Boston Scientific Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Boston Scientific using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Boston Scientific Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Boston Stock Analysis

When running Boston Scientific's price analysis, check to measure Boston Scientific's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Boston Scientific is operating at the current time. Most of Boston Scientific's value examination focuses on studying past and present price action to predict the probability of Boston Scientific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Boston Scientific's price. Additionally, you may evaluate how the addition of Boston Scientific to your portfolios can decrease your overall portfolio volatility.

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