Biogen Inc. Financial Ratios — BIIB Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	20.88	20.62	23.9	30.21	35.15	34.42	20.52	34.54	44.64	33.28	14.41	25.08	8.24	10.36	7.39
Return on Assets (%)	14.4	14.39	16.94	22.42	20.98	17.47	10.91	18.11	22.42	15.43	6.42	12.58	4.52	5.95	4.5
Return on Capital (%)	17.34	18.05	21.78	28.62	26.18	22.6	13.66	24.21	31.26	21.56	8.8	17.3	6.56	8.12	6.29
Return on Invested Capital (%)	18.03	17.75	21.76	28.39	26.73	22.06	14.85	23.73	30.4	19.02	14.74	17.2	6.75	7.9	5.86
Gross Margin (%)	90.75	90.11	87.63	87.93	88.48	87.08	86.72	86.5	86.4	86.57	80.79	77.61	74.24	76.12	75.69
EBITDA Margin (%)	41.27	40.27	43.96	48.03	51.02	50.96	52.36	48.61	52.21	37.24	30.31	45.12	21.38	29.02	25.3
Operating Margin (%)	35.25	33.33	35.92	40.37	46.59	49.39	45.05	44.61	48.93	33.07	25.57	28.52	18.79	23.57	24.96
Incremental Operating Margin (%)	63.44	12.55	46.02	51.49	103.55	93.36	- -	39.98	111.88	277.45	66.52	- -	312.08	- -	87.84
Pretax Margin (%)	33.89	33.63	35.78	40.67	44.29	43.09	41.79	43.85	49.56	37.54	15.89	35.31	13.18	19.7	15.74
Profit Margin (%)	24.45	25.02	26.86	30.25	32.95	32.34	20.69	32.93	40.96	29.76	14.17	29.95	11.81	16.87	13.07
Net Income to Common Margin (%)	24.45	25.02	26.86	30.25	32.95	32.34	20.69	32.93	40.96	29.76	14.17	29.95	11.81	16.87	13.07
Effective Tax Rate (%)	25.98	25.37	24.23	25.08	24.37	25.08	47.94	24.16	16.25	19.66	3.01	17.62	10.43	14.37	16.94
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	20.88	20.62	23.9	30.21	35.15	34.42	20.52	34.54	44.64	33.28	14.41	25.08	8.24	10.36	7.39

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	1,064	1,141	596	583	6,526	6,517	5,938	5,937	6,368	7,828	7,604	6,614	7,338	6,630	6,577
ST Debt	3	453	3	3	5	5	3	- -	1,496	- -	999	- -	150	1,749	- -
LT Debt	1,061	687	592	580	6,522	6,513	5,935	5,937	4,872	7,828	6,604	6,614	7,188	4,882	6,577
Total Debt/EBITDA	0.51	0.51	0.2	0.13	1.19	1.12	0.92	0.91	0.85	1.56	2.28	1.44	3.49	2.36	2.63
Net Debt/EBITDA	0.26	0.26	- -	-0.13	0.95	0.72	0.68	0.72	0.41	1.22	1.51	0.62	2.8	1.4	1.31
Total Debt/EBIT	0.62	0.61	0.24	0.15	1.33	1.27	1.11	1.01	0.9	1.72	2.68	1.62	4.56	3.11	3.82
Net Debt/EBIT	0.32	0.31	- -	-0.16	1.07	0.81	0.82	0.8	0.43	1.34	1.76	0.7	3.66	1.84	1.9
EBITDA to Interest Expense	63.14	60.86	95.52	157.98	57.5	22.44	25.63	32.6	40.06	22.5	13.12	18.61	8.52	11.22	9.36
EBITDA-CapEx/Interest Expense	56.84	53.89	-14.48	147.27	50.61	19.64	17.8	28.18	36.49	20.02	11.96	17.63	7.26	9.78	8.48
EBIT to Interest Expense	53.93	50.37	78.06	132.77	52.51	21.75	22.05	29.91	37.54	19.98	11.07	11.77	7.48	9.11	9.23
Interest Expense	33	37	32	30	96	260	251	201	187	223	254	247	247	250	268
Common Equity/Total Assets	71	68.72	72.66	75.51	48.05	53.07	53.33	51.56	48.99	43.46	45.63	54.56	55.13	59.6	62.01
Long-Term Debt/Equity (%)	16.51	9.87	6.87	5.37	69.56	53.7	47.11	45.55	36.52	73.26	60.26	49.4	48.57	29.2	36.03
Long-Term Debt/Capital (%)	14.16	8.48	6.43	5.09	41.01	34.93	32.02	31.3	24.72	42.28	35.58	33.07	32.47	20.91	26.48
Long-Term Debt/Total Assets (%)	11.72	6.79	4.99	4.05	33.44	28.47	25.09	23.47	17.89	31.8	27.66	26.94	26.78	17.4	22.34
Total Debt/Equity (%)	16.56	16.38	6.91	5.39	69.61	53.74	47.14	45.55	47.74	73.26	69.38	49.4	49.58	39.66	36.03
Total Debt/Capital (%)	14.2	14.08	6.47	5.12	41.04	34.95	32.04	31.3	32.31	42.28	40.96	33.07	33.15	28.4	26.48
Total Debt/Total Assets (%)	11.76	11.26	5.02	4.08	33.46	28.49	25.11	23.47	23.38	31.8	31.84	26.94	27.34	23.64	22.34
Net Debt to Equity	8.55	8.19	-0.08	-5.75	55.66	34.55	34.64	36.16	22.8	57.04	45.73	21.37	39.79	23.46	17.96
Net Debt/Capital (%)	7.88	7.57	-0.08	-6.1	35.76	25.68	25.73	26.56	18.11	35.47	30.74	17.26	27.92	18.7	15.02
EBITDA	2,084	2,221	3,047	4,661	5,491	5,834	6,427	6,539	7,507	5,007	3,328	4,590	2,103	2,808	2,503
EBITDA-CapEx	1,876	1,967	-462	4,345	4,833	5,107	4,464	5,653	6,838	4,456	3,034	4,347	1,792	2,448	2,267
Operating Income (Loss)	1,780	1,838	2,490	3,917	5,015	5,654	5,529	6,001	7,036	4,446	2,808	2,902	1,848	2,280	2,469

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	1.85	1.03	0.7	0.83	1.33	1.43	1.1	1.07	0.92	0.7	0.88	1.49	0.31	0.43	1.14
Current Ratio	3.26	1.96	1.81	2.04	2.6	2.55	2.34	2.32	1.72	1.84	1.83	2.99	2	1.35	2.68
Quick Ratio	2.74	1.61	1.31	1.54	1.93	1.94	1.78	1.83	1.43	1.32	1.34	2.15	0.92	0.77	1.7
CFO/Avg Current Liab	1.76	1.46	1.37	1.48	1.63	1.53	1.34	1.86	1.74	0.98	0.91	0.37	0.46	0.64	0.5
Common Equity/Total Assets	71	68.72	72.66	75.51	48.05	53.07	53.33	51.56	48.99	43.46	45.63	54.56	55.13	59.6	62.01
Long-Term Debt/Equity (%)	16.51	9.87	6.87	5.37	69.56	53.7	47.11	45.55	36.52	73.26	60.26	49.4	48.57	29.2	36.03
Long-Term Debt/Capital (%)	14.16	8.48	6.43	5.09	41.01	34.93	32.02	31.3	24.72	42.28	35.58	33.07	32.47	20.91	26.48
Long-Term Debt/Total Assets (%)	11.72	6.79	4.99	4.05	33.44	28.47	25.09	23.47	17.89	31.8	27.66	26.94	26.78	17.4	22.34
Total Debt/Equity (%)	16.56	16.38	6.91	5.39	69.61	53.74	47.14	45.55	47.74	73.26	69.38	49.4	49.58	39.66	36.03
Total Debt/Capital (%)	14.2	14.08	6.47	5.12	41.04	34.95	32.04	31.3	32.31	42.28	40.96	33.07	33.15	28.4	26.48
Total Debt/Total Assets (%)	11.76	11.26	5.02	4.08	33.46	28.49	25.11	23.47	23.38	31.8	31.84	26.94	27.34	23.64	22.34
CFO/Total Liabilities	65.88	59.37	72.32	84.04	38.69	42.68	41.17	50.48	50.94	30.36	28.18	12.4	12.84	25.37	19.71
CFO/CapEx	8.31	7.39	0.67	9.31	5.95	6.3	2.32	6.98	10.57	7.67	12.34	5.69	4.97	7.99	9.37
Altman's Z-Score	8.43	8.75	15.44	17.07	7.52	6.89	7.49	6.62	5.85	4.87	4.41	5.13	5.51	5.09	5.28

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	8.49	8.68	9.17	9.17	7.6	6.97	6.04	5.6	5.8	5.6	5.12	4.96	4.64	4.88	5.3
Days Sales Outstanding	43.01	42.06	39.79	39.81	48.05	52.34	60.39	65.18	62.91	65.13	71.28	73.52	78.61	74.86	68.93
Inventory Turnover	1.52	1.41	1.55	1.6	1.46	1.56	1.71	1.98	2.26	1.93	1.74	1.69	1.31	0.93	1.04
Days Inventory Outstanding	240.81	259.02	235.41	228.01	249.74	233.88	213.21	184.14	161.85	189.33	209.35	215.95	278.92	394	351.35
Accounts Payable Turnover	2.89	3.41	5.05	5.86	5.36	5.8	4.53	4.81	4.06	4.2	4.58	4.2	8.31	5.42	4.93
Accounts Payable Turnover Days	126.23	106.99	72.35	62.28	68.15	62.93	80.49	75.83	89.9	86.92	79.64	86.84	43.94	67.31	73.99
Cash Conversion Cycle	157.59	194.1	202.85	205.54	229.63	223.29	193.11	173.49	134.86	167.54	200.99	202.63	313.58	401.54	346.29
Inventory to Cash Days	-197.79	-216.96	-195.63	-188.2	-201.69	-181.54	-152.82	-118.95	-98.94	-124.21	-138.07	-142.44	-200.31	-319.14	-282.42
Inventories	327	447	659	804	893	1,002	903	930	804	1,069	1,352	1,344	2,527	2,461	2,168
Raw Materials	84	102	115	128	- -	- -	- -	- -	170	315	350	413	- -	- -	- -
Work In Process	169	245	435	512	- -	- -	- -	- -	460	545	814	752	- -	- -	- -
Finished Goods	74	101	109	164	- -	- -	- -	- -	175	209	188	200	- -	- -	- -
Other Inventory	- -	- -	- -	- -	893	1,002	903	930	- -	- -	- -	- -	2,527	2,461	2,168

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	24,543	31,896	60,859	73,340	61,684	56,420	67,378	59,341	51,690	37,317	35,268	39,876	37,496	22,283	25,835
- Cash & Cash Equivalents	515	571	603	1,205	1,308	2,327	1,574	1,225	2,914	1,331	2,261	3,419	1,050	2,375	3,009
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	1	2	1	5	2	-11	-15	-8	-4	-14	64	-9	- -	- -	- -
+ Total Debt	1,064	1,141	596	583	6,526	6,517	5,938	5,937	6,368	7,828	7,604	6,614	7,338	6,630	6,577
Enterprise Value	23,917	31,334	60,233	72,083	64,784	58,031	69,612	61,732	53,578	42,521	39,133	41,588	43,784	26,539	28,597
Total Capital	7,491	8,105	9,217	11,397	15,901	18,646	18,536	18,968	19,707	18,514	18,563	20,002	22,138	23,346	24,834
Total Debt/Capital (%)	14.2	14.08	6.47	5.12	41.04	34.95	32.04	31.3	32.31	42.28	40.96	33.07	33.15	28.4	26.48
Total Debt / EV	0.04	0.04	0.01	0.01	0.1	0.11	0.09	0.1	0.12	0.18	0.19	0.16	0.17	0.25	0.23
EV/Sales	4.74	5.68	8.69	7.43	6.02	5.07	5.67	4.59	3.73	3.16	3.56	4.09	4.45	2.74	2.89
EV/EBITDA	11.48	14.1	19.77	15.47	11.8	9.95	10.83	9.44	7.14	8.49	11.76	9.06	20.82	9.45	11.43
EV/EBIT	13.87	16.88	23.94	18.15	13.25	11.26	13.02	10.48	7.61	9.34	13.78	10.21	27.22	12.43	16.6
EV/Cash Flow to Firm	13.65	16.43	25.42	24.32	16.23	12.14	14.87	9.74	7.4	9.65	10.07	26.2	24.76	8.59	11.78
EV/Free Cash Flow to Firm	15.49	18.96	- -	27.22	19.44	14.31	25.6	11.32	8.16	11.02	10.9	30.94	30.05	9.72	13.05
Diluted Market Cap	24,838	32,322	61,368	74,157	65,240	57,152	67,855	61,779	55,607	39,496	35,892	40,430	37,677	22,311	25,888
Diluted Enterprise Value	24,213	31,759	60,741	72,900	68,340	58,763	70,090	64,169	57,495	44,700	39,757	42,142	43,965	26,566	28,650
EV per Share	98.79	132.44	254.86	307.31	296.36	268.66	329.14	313.04	307.57	279.01	266.21	288.81	302.17	182.12	194.8
TTM Sales	5,049	5,516	6,932	9,703	10,764	11,449	12,274	13,453	14,378	13,445	10,982	10,173	9,836	9,676	9,891
TTM EBITDA	2,084	2,221	3,047	4,661	5,491	5,834	6,427	6,539	7,507	5,007	3,328	4,590	2,103	2,808	2,503
TTM Operating Income	1,780	1,838	2,490	3,917	5,015	5,654	5,529	6,001	7,036	4,446	2,808	2,902	1,848	2,280	2,469
TTM Cash Flow to Firm	1,752	1,907	2,369	2,964	3,992	4,782	4,682	6,340	7,236	4,409	3,886	1,587	1,768	3,090	2,427
TTM Free Cash Flow to Firm	1,544	1,653	-1,140	2,648	3,333	4,054	2,719	5,454	6,566	3,857	3,591	1,344	1,457	2,730	2,191

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	16.34	19.89	-52.73	28.24	20.01	14.81	26.22	11.65	8.68	10.74	10.73	35.43	30.49	8.87	13.15
EV/EBIT	13.87	16.88	23.94	18.15	13.25	11.26	13.02	10.48	7.61	9.34	13.78	10.21	27.22	12.43	16.6
Enterprise Value	23,917	31,334	60,233	72,083	64,784	58,031	69,612	61,732	53,578	42,521	39,133	41,588	43,784	26,539	28,597
Low Price	59.21	102.65	128.7	249.27	233.96	205.42	244.28	249.17	215.78	223.25	221.72	187.16	220.86	145.07	110.04
EV/Sales	4.74	5.68	8.69	7.43	6.02	5.07	5.67	4.59	3.73	3.16	3.56	4.09	4.45	2.74	2.89
EV/EBITDA	11.48	14.1	19.77	15.47	11.8	9.95	10.83	9.44	7.14	8.49	11.76	9.06	20.82	9.45	11.43
Price/Earnings	19.9	23.25	32.76	25.18	18.35	15.41	26.67	13.92	9.43	9.85	22.99	13.21	32.25	13.64	19.94
Price/Earnings Average	16.64	21.68	25.23	23.59	21.12	15.22	24.21	14.5	8.37	11.47	27.74	10.93	33.85	18.46	16.05
Price/Earnings High	21.82	24.96	35.02	26.85	28.77	18.13	29.21	17.97	10.93	15.08	44.89	14.87	39.85	23.93	20.98
Price/Earnings Low	11.63	17.7	16.37	20.08	15.22	12.12	20.45	11.52	6.86	8.98	21.24	8.93	27.52	12.94	12.47
Price/Book Value	3.82	4.58	7.06	6.79	6.58	4.65	5.34	4.55	3.87	3.49	3.24	2.98	2.53	1.33	1.42
Price/Book Value Average	3.19	4.27	5.44	6.36	7.57	4.59	4.85	4.74	3.44	4.06	3.91	2.46	2.66	1.8	1.14
Price/Book Value High	4.19	4.92	7.55	7.23	10.32	5.47	5.85	5.88	4.49	5.34	6.32	3.35	3.13	2.34	1.49
Price/Book Value Low	2.23	3.49	3.53	5.41	5.46	3.65	4.1	3.77	2.82	3.18	2.99	2.01	2.16	1.26	0.88
Price/Tangible Book Value	6.69	7.73	20.89	14.61	23.51	12.1	16.43	14.08	12.74	20.13	12.1	6.88	172.63	40.82	9.99
Price/Tangible Book Value Average	5.59	7.21	16.09	13.68	27.06	11.96	14.91	14.68	11.31	23.44	14.61	5.69	181.22	55.25	8.04
Price/Tangible Book Value High	7.33	8.3	22.33	15.58	36.85	14.24	17.99	18.19	14.77	30.83	23.64	7.74	213.32	71.62	10.51
Price/Tangible Book Value Low	3.91	5.88	10.44	11.65	19.49	9.52	12.6	11.66	9.26	18.35	11.19	4.65	147.34	38.72	6.24
Price/Sales	4.87	5.82	8.8	7.62	6.05	4.98	5.52	4.58	3.86	2.93	3.26	3.96	3.81	2.3	2.61
Price/Sales Average	4.07	5.42	6.78	7.13	6.96	4.92	5.01	4.78	3.43	3.41	3.93	3.27	4	3.11	2.1
Price/Sales High	5.34	6.24	9.41	8.12	9.48	5.86	6.04	5.92	4.48	4.49	6.36	4.45	4.7	4.04	2.74
Price/Sales Low	2.84	4.43	4.4	6.07	5.01	3.92	4.23	3.8	2.81	2.67	3.01	2.67	3.25	2.18	1.63
Price/Cash Flow	14.22	17.06	26.02	25.12	16.61	12.44	14.88	9.96	7.84	9.31	9.83	29.07	24.2	7.74	11.69
Price/Cash Flow Average	11.89	15.92	20.03	23.53	19.12	12.29	13.51	10.39	6.97	10.85	11.86	24.06	25.4	10.48	9.41
Price/Cash Flow High	15.59	18.32	27.81	26.78	26.03	14.63	16.3	12.87	9.09	14.26	19.19	32.74	29.91	13.59	12.3
Price/Cash Flow Low	8.31	12.99	13	20.03	13.77	9.78	11.41	8.25	5.7	8.49	9.08	19.64	20.66	7.35	7.31
Price/Free Cash Flow Average	13.66	18.55	-40.6	26.45	23.03	14.63	23.8	12.15	7.71	12.5	12.95	29.33	32	12	10.58
Price/Free Cash Flow High	17.92	21.35	-56.36	30.11	31.36	17.42	28.71	15.05	10.06	16.45	20.96	39.9	37.67	15.56	13.83
Price/Free Cash Flow Low	9.55	15.14	-26.35	22.51	16.59	11.65	20.1	9.65	6.31	9.79	9.92	23.95	26.02	8.41	8.22
EV/Sales Average	3.94	5.29	6.67	6.95	6.88	5.01	5.17	4.78	3.32	3.62	4.23	3.41	4.64	3.56	2.38
EV/Sales High	5.21	6.11	9.29	7.93	9.27	5.94	6.19	5.88	4.3	4.64	6.62	4.58	5.35	4.48	3.03
EV/Sales Low	2.72	4.3	4.3	5.9	5.04	4.02	4.39	3.83	2.75	2.92	3.32	2.82	3.89	2.62	1.91
EV/EBITDA Average	9.54	13.14	15.17	14.47	13.49	9.83	9.86	9.82	6.37	9.72	13.95	7.56	21.7	12.26	9.41
EV/EBITDA High	12.61	15.17	21.14	16.51	18.17	11.65	11.83	12.09	8.23	12.45	21.85	10.16	25.02	15.44	11.97
EV/EBITDA Low	6.58	10.68	9.78	12.28	9.88	7.88	8.39	7.88	5.26	7.83	10.95	6.24	18.21	9.04	7.56
EV/EBIT Average	11.53	15.73	18.38	16.98	15.15	11.13	11.86	10.91	6.79	10.69	16.34	8.53	28.38	16.12	13.67
EV/EBIT High	15.24	18.15	25.61	19.37	20.4	13.2	14.22	13.42	8.78	13.7	25.61	11.45	32.72	20.31	17.38
EV/EBIT Low	7.95	12.78	11.84	14.4	11.09	8.93	10.08	8.75	5.61	8.62	12.83	7.04	23.81	11.9	10.98
Last Price	101.37	134.82	257.51	312.67	282.18	261.21	318.57	300.92	296.73	244.86	239.92	276.92	258.77	152.92	175.99
High Price	111.14	144.78	275.24	333.37	442.29	307.33	348.84	388.67	344	374.99	468.55	311.88	319.76	268.3	185.17
Enterprise Value Average	19,887	29,186	46,237	67,445	74,094	57,359	63,395	64,241	47,798	48,659	46,429	34,724	45,649	34,418	23,554
Enterprise Value High	26,284	33,689	64,423	76,940	99,785	67,993	76,014	79,036	61,812	62,352	72,741	46,622	52,622	43,351	29,944
Enterprise Value Low	13,710	23,722	29,789	57,212	54,243	45,983	53,900	51,527	39,476	39,227	36,457	28,663	38,291	25,395	18,915

Shares Outstanding	242	237	236	235	219	216	212	197	174	152	147	144	145	146	147
Diluted Weighted Avg Shares	245	240	238	237	231	219	213	205	187	161	150	146	146	146	147
Basic Weighted Avg Shares	242	238	237	236	231	218	213	205	187	161	149	145	145	146	147
Revenue per Share	20.83	23.18	29.26	41.05	46.66	52.42	57.73	65.66	76.85	83.56	73.65	70.02	67.97	66.46	67.51
EBITDA per Share	8.6	9.34	12.86	19.72	23.8	26.71	30.23	31.91	40.12	31.12	22.32	31.59	14.53	19.29	17.08
Operating Income per Share	7.34	7.73	10.51	16.57	21.74	25.89	26.01	29.29	37.6	27.63	18.83	19.97	12.77	15.66	16.85
Basic EPS, GAAP	5.09	5.8	7.86	12.42	15.37	16.95	11.94	21.62	31.47	24.86	10.44	20.97	8.02	11.21	8.83
Basic EPS from Cont Ops	5.23	5.8	7.86	12.45	15.58	16.92	12.56	21.84	31.47	25.24	11.59	20.38	8.03	11.21	8.83
Diluted EPS, GAAP	5.04	5.76	7.81	12.37	15.34	16.92	11.92	21.58	31.42	24.8	10.4	20.87	7.97	11.19	8.79
Diluted EPS from Cont Ops	5.17	5.76	7.82	12.4	15.54	16.89	12.54	21.79	31.42	25.17	11.55	20.28	7.98	11.19	8.79
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	7.13	7.9	9.9	12.45	16.99	21	21.41	30.2	37.83	26.29	24.41	9.53	10.69	19.75	15.05
Free Cash Flow per Basic Share	6.27	6.83	-4.91	11.11	14.14	17.67	12.17	25.87	34.25	22.86	22.43	7.85	8.54	17.28	13.44
Cash & Equivalents per Share	6.98	7.21	5.17	7.87	15.68	22.66	17.44	17.94	25.69	17.13	25.87	33.98	7.25	16.3	25.99
Book Value per Share	26.54	29.43	36.48	46.08	42.88	56.2	59.63	66.12	76.6	70.21	74.12	93.04	102.14	114.71	124.37
Tangible Book Value per Share	15.16	17.45	12.32	21.4	12	21.59	19.39	21.37	23.3	12.16	19.82	40.27	1.5	3.75	17.62

Biogen Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)