Merck & Company, Inc. Financial Ratios — 6MK 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 (%)	11.49	11.47	8.57	24.22	9.52	9.25	6.43	20.38	37.42	27.59	41.1	34.5	0.87	40.81	36.91
Return on Assets (%)	5.95	5.84	4.16	11.7	4.45	3.98	2.61	7.3	11.79	8.03	13.23	13.52	0.34	15.3	14.37
Return on Capital (%)	9.06	8.71	6.44	16.82	7.04	6.58	4.27	12.25	28.33	18.72	22.49	20.74	0.78	23.3	20.94
Return on Invested Capital (%)	8.86	8.73	6.28	5.26	7.95	5.87	3.52	10.42	10.68	6.87	17.01	20.97	0.61	21.05	18.97
Gross Margin (%)	64.89	65.21	61.5	60.3	62.19	64.75	67.82	68.06	69.29	67.2	72.02	70.63	73.17	76.32	74.8
EBITDA Margin (%)	31.42	34.25	29.4	29.27	33.68	25.92	26.66	30.31	27.12	20.37	32.34	36.86	10.36	38.04	41.62
Operating Margin (%)	18.68	20.9	17.41	15.82	19.11	13.81	16.94	21.12	20.26	13.36	27.1	30.84	4.91	31.51	34.01
Incremental Operating Margin (%)	272.86	- -	68.4	54.68	- -	- -	412.06	98.25	31.67	- -	106.47	48.05	- -	426.03	223.72
Pretax Margin (%)	15.26	18.49	12.59	40.92	13.67	11.7	16.25	20.57	18.33	14.12	28.5	27.74	3.14	31.07	32.41
Profit Margin (%)	13.05	13.05	10	28.22	11.25	9.85	5.97	14.71	25.16	17.02	26.79	24.49	0.61	26.68	28.08
Net Income to Common Margin (%)	13.02	13.05	10	28.22	11.25	9.85	5.97	14.71	25.16	17.02	26.79	24.49	0.61	26.68	28.08
Effective Tax Rate (%)	12.84	27.92	18.54	30.95	17.44	15.41	62.92	28.82	21.82	22.86	10.96	11.66	80.04	14.06	13.31
Dvd Payout Ratio (%)	73.82	81.43	113.97	43.92	114.32	129.33	211.59	83.88	416	314.05	56.66	48.25	1,913.88	45.72	44.75
Sustainable Growth Rate (%)	3.01	2.13	-1.2	13.59	-1.36	-2.71	-7.18	3.29	-118.25	-59.06	17.81	17.85	-15.84	22.15	20.39

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	17,515	20,569	25,060	21,403	26,412	24,842	24,410	25,114	26,346	31,791	33,102	30,691	35,055	37,111	49,339
ST Debt	1,990	4,315	4,521	2,704	2,583	568	3,057	5,308	3,610	6,431	2,412	1,946	1,372	2,649	2,589
LT Debt	15,525	16,254	20,539	18,699	23,829	24,274	21,353	19,806	22,736	25,360	30,690	28,745	33,683	34,462	46,750
Total Debt/EBITDA	1.16	1.27	1.94	1.73	1.99	2.41	2.28	1.96	2.48	3.76	2.1	1.4	5.63	1.52	1.82
Net Debt/EBITDA	0.26	0.44	0.73	1.13	1.34	1.78	1.71	1.34	1.57	2.81	1.59	0.82	4.53	0.98	1.29
Total Debt/EBIT	2.28	2.23	4.21	3.77	3.81	5.12	4.05	3.03	3.61	6.39	2.64	1.71	14.89	1.86	2.33
Net Debt/EBIT	0.52	0.77	1.58	2.46	2.58	3.78	3.04	2.07	2.28	4.77	1.99	1	11.98	1.2	1.64
EBITDA to Interest Expense	21.72	22.68	16.16	16.89	19.8	14.89	14.19	16.6	11.88	10.18	19.54	22.72	5.43	19.21	19.94
EBITDA-CapEx/Interest Expense	21.72	22.68	16.16	15.52	19.8	14.89	14.19	16.6	11.88	10.18	19.54	22.72	5.43	19.21	19.94
EBIT to Interest Expense	12.92	13.83	9.57	9.13	11.23	7.94	9.01	11.57	8.88	6.68	16.38	19	2.58	15.91	16.29
Interest Expense	695	714	801	732	672	693	754	772	893	831	806	962	1,146	1,271	1,357
Common Equity/Total Assets	51.86	49.96	47.11	49.56	43.94	42.03	39.08	32.31	30.7	27.64	36.13	42.13	35.23	39.55	38.44
Long-Term Debt/Equity (%)	27.26	29.31	39.25	38.32	53.23	60.22	61.77	73.68	87.44	99.83	80.22	62.41	89.5	74.32	88.77
Long-Term Debt/Capital (%)	20.85	21.38	26.54	26.64	33.48	37.26	36.2	38.09	43.43	44.34	43.01	37.45	46.34	41.28	45.83
Long-Term Debt/Total Assets (%)	14.77	15.31	19.44	19.05	23.44	25.45	24.3	23.97	26.94	27.69	29.04	26.33	31.58	29.43	34.16
Total Debt/Equity (%)	30.76	37.09	47.89	43.87	59	61.63	70.61	93.42	101.33	125.14	86.53	66.64	93.14	80.03	93.69
Total Debt/Capital (%)	23.52	27.05	32.38	30.49	37.11	38.13	41.39	48.3	50.33	55.58	46.39	39.99	48.23	44.45	48.37
Total Debt/Total Assets (%)	16.66	19.38	23.72	21.8	25.98	26.05	27.78	30.39	31.22	34.71	31.32	28.12	32.86	31.69	36.05
Net Debt to Equity	7	12.83	18.04	28.62	39.96	45.47	52.99	63.79	64.11	93.45	65.36	39.07	74.97	51.47	66.03
Net Debt/Capital (%)	6.54	11.37	15.28	22.25	28.55	31.26	34.64	38.95	39.07	48.31	39.53	28.1	42.85	33.98	39.77
EBITDA	15,097	16,191	12,944	12,361	13,303	10,319	10,697	12,818	10,610	8,459	15,752	21,854	6,227	24,411	27,056
EBITDA-CapEx	15,097	16,191	12,944	11,361	13,303	10,319	10,697	12,818	10,610	8,459	15,752	21,854	6,227	24,411	27,056
Operating Income (Loss)	8,976	9,877	7,665	6,683	7,547	5,499	6,797	8,931	7,926	5,548	13,199	18,282	2,954	20,221	22,107

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	0.92	0.88	0.98	0.85	0.7	0.83	0.46	0.4	0.47	0.29	0.34	0.54	0.28	0.48	0.51
Current Ratio	2.04	1.9	2	1.77	1.55	1.78	1.33	1.17	1.24	1.02	1.27	1.47	1.25	1.36	1.54
Quick Ratio	1.43	1.3	1.38	1.21	1.04	1.24	0.83	0.72	0.78	0.54	0.73	0.93	0.68	0.84	0.93
CFO/Avg Current Liab	0.78	0.58	0.64	0.44	0.67	0.57	0.36	0.54	0.61	0.41	0.55	0.79	0.52	0.79	0.58
Common Equity/Total Assets	51.86	49.96	47.11	49.56	43.94	42.03	39.08	32.31	30.7	27.64	36.13	42.13	35.23	39.55	38.44
Long-Term Debt/Equity (%)	27.26	29.31	39.25	38.32	53.23	60.22	61.77	73.68	87.44	99.83	80.22	62.41	89.5	74.32	88.77
Long-Term Debt/Capital (%)	20.85	21.38	26.54	26.64	33.48	37.26	36.2	38.09	43.43	44.34	43.01	37.45	46.34	41.28	45.83
Long-Term Debt/Total Assets (%)	14.77	15.31	19.44	19.05	23.44	25.45	24.3	23.97	26.94	27.69	29.04	26.33	31.58	29.43	34.16
Total Debt/Equity (%)	30.76	37.09	47.89	43.87	59	61.63	70.61	93.42	101.33	125.14	86.53	66.64	93.14	80.03	93.69
Total Debt/Capital (%)	23.52	27.05	32.38	30.49	37.11	38.13	41.39	48.3	50.33	55.58	46.39	39.99	48.23	44.45	48.37
Total Debt/Total Assets (%)	16.66	19.38	23.72	21.8	25.98	26.05	27.78	30.39	31.22	34.71	31.32	28.12	32.86	31.69	36.05
CFO/Total Liabilities	25.7	19.78	21.86	16.18	22.03	18.84	12.1	19.59	23.02	15.49	20.92	30.26	18.84	30.35	19.56
CFO/CapEx	- -	- -	- -	7.99	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	4.02	3.87	3.73	4.22	3.84	4.04	4.02	4.77	5.1	4.04	4.58	5.91	4.65	5.07	4.79

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	6.16	5.93	5.93	6.12	6.03	5.9	5.78	6.07	5.65	6.11	6.08	6.35	6.07	6.22	5.9
Days Sales Outstanding	59.27	61.52	61.57	59.67	60.57	61.9	63.18	60.17	64.61	59.7	60.08	57.51	60.11	58.67	61.91
Inventory Turnover	2.78	2.57	2.66	2.84	2.91	2.93	2.59	2.56	2.1	2.36	2.37	2.94	2.63	2.44	2.57
Days Inventory Outstanding	131.13	141.92	137.36	128.4	125.52	124.43	140.8	142.34	173.42	154.54	154.12	124.36	138.85	149.75	142.23
Accounts Payable Turnover	7.97	8.86	8.27	6.58	5.45	5.32	4.45	4.32	3.56	3.27	3.14	3.92	4.05	3.74	3.99
Accounts Payable Turnover Days	45.8	41.2	44.15	55.49	66.94	68.65	82.06	84.58	102.57	111.56	116.28	93.23	90.14	97.71	91.44
Cash Conversion Cycle	144.6	162.24	154.78	132.58	119.15	117.68	121.93	117.93	135.45	102.69	97.92	88.63	108.81	110.71	112.7
Inventory to Cash Days	-71.85	-80.4	-75.79	-68.73	-64.94	-62.53	-77.62	-82.17	-108.81	-94.85	-94.04	-66.85	-78.74	-91.09	-80.32
Inventories	6,254	6,535	6,226	5,571	4,700	4,866	5,096	5,440	5,978	5,554	5,953	5,911	6,358	6,109	6,658
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	6,254	6,535	6,226	5,571	4,700	4,866	5,096	5,440	5,978	5,554	5,953	5,911	6,358	6,109	6,658

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	114,233	124,042	145,487	162,372	147,085	162,359	152,459	197,357	233,793	206,702	195,204	281,529	274,430	251,816	263,134
- Cash & Cash Equivalents	13,531	13,451	15,621	7,441	8,524	6,515	6,092	7,965	9,676	8,050	8,096	12,694	6,841	13,242	14,565
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	2,426	2,443	2,561	144	91	220	233	181	94	87	73	67	54	59	56
+ Total Debt	17,515	20,569	25,060	21,403	26,412	24,842	24,410	25,114	26,346	31,791	33,102	30,691	35,055	37,111	49,339
Enterprise Value	119,202	130,913	155,622	168,200	160,161	173,080	168,604	213,788	249,783	230,530	220,283	299,095	302,446	275,297	297,964
Total Capital	74,458	76,032	77,386	70,194	71,179	65,150	58,979	51,996	52,347	57,195	71,359	76,749	72,690	83,483	102,001
Total Debt/Capital (%)	23.52	27.05	32.38	30.49	37.11	38.13	41.39	48.3	50.33	55.58	46.39	39.99	48.23	44.45	48.37
Total Debt / EV	0.15	0.16	0.16	0.13	0.16	0.14	0.14	0.12	0.11	0.14	0.15	0.1	0.12	0.13	0.17
EV/Sales	2.48	2.77	3.53	3.98	4.05	4.35	4.2	5.05	6.38	5.55	4.52	5.05	5.03	4.29	4.58
EV/EBITDA	7.9	8.09	12.02	13.61	12.04	16.77	15.76	16.68	23.54	27.25	13.98	13.69	48.57	11.28	11.01
EV/EBIT	15.54	14.21	26.13	29.66	23.12	35.7	28	25.76	34.22	46.36	17.57	16.67	128.43	13.83	14.04
EV/Cash Flow to Firm	9.18	12.42	12.65	19.8	12.23	15.79	25.05	18.64	17.67	21.16	14.86	15	22.85	12.2	16.88
EV/Free Cash Flow to Firm	9.18	12.42	12.65	22.44	12.23	15.79	25.05	18.64	17.67	21.16	14.86	15	22.85	12.2	16.88
Diluted Market Cap	116,230	126,066	148,890	167,513	150,251	164,620	155,365	203,938	237,567	207,582	196,007	281,991	282,616	253,148	266,577
Diluted Enterprise Value	121,199	132,937	159,025	173,341	163,327	175,341	171,510	220,369	253,557	231,410	221,086	299,557	310,632	276,629	301,407
EV per Share	39.2	43.25	53.16	59.26	57.59	62.97	62.52	82.46	98.38	91.11	87.15	117.85	119.47	108.91	120.41
TTM Sales	48,047	47,267	44,033	42,237	39,498	39,807	40,122	42,294	39,121	41,518	48,704	59,283	60,115	64,168	65,011
TTM EBITDA	15,097	16,191	12,944	12,361	13,303	10,319	10,697	12,818	10,610	8,459	15,752	21,854	6,227	24,411	27,056
TTM Operating Income	8,976	9,877	7,665	6,683	7,547	5,499	6,797	8,931	7,926	5,548	13,199	18,282	2,954	20,221	22,107
TTM Cash Flow to Firm	12,989	10,537	12,307	8,494	13,093	10,962	6,731	11,471	14,138	10,894	14,827	19,945	13,235	22,560	17,648
TTM Free Cash Flow to Firm	12,989	10,537	12,307	7,494	13,093	10,962	6,731	11,471	14,138	10,894	14,827	19,945	13,235	22,560	17,648

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	9.39	12.58	12.78	23.97	11.98	15.87	24.08	18.67	17.68	20.25	13.89	14.77	21.73	11.79	16.18
EV/EBIT	15.54	14.21	26.13	29.66	23.12	35.7	28	25.76	34.22	46.36	17.57	16.67	128.43	13.83	14.04
Enterprise Value	119,202	130,913	155,622	168,200	160,161	173,080	168,604	213,788	249,783	230,530	220,283	299,095	302,446	275,297	297,964
Low Price	29.68	37.08	40.54	49.08	48.08	48.22	53.82	52.71	72.53	65.44	70.83	70.13	99.29	94.57	73.42
EV/Sales	2.48	2.77	3.53	3.98	4.05	4.35	4.2	5.05	6.38	5.55	4.52	5.05	5.03	4.29	4.58
EV/EBITDA	7.9	8.09	12.02	13.61	12.04	16.77	15.76	16.68	23.54	27.25	13.98	13.69	48.57	11.28	11.01
Price/Earnings	18.26	20.11	33.04	13.62	33.11	41.42	63.68	31.73	23.75	29.25	14.97	19.35	774.29	14.71	14.42
Price/Earnings Average	16.56	20.28	30.68	13.6	35.48	40.27	70.13	26.71	21.19	28.96	15.02	15.64	772.67	17.51	11.8
Price/Earnings High	18.41	23.52	33.46	14.79	39.74	45.68	75.17	33.81	23.75	33.02	17.91	19.6	850.47	19.72	14.54
Price/Earnings Low	14.42	18.19	26.95	11.68	30.1	33.81	60.63	21.97	18.71	23.43	13.73	12.23	709.21	13.97	9.95
Price/Book Value	2.1	2.34	2.92	3.34	3.29	4.05	4.44	7.39	9.02	8.16	5.11	6.12	7.3	5.44	5
Price/Book Value Average	1.9	2.36	2.72	3.33	3.53	3.94	4.89	6.22	8.05	8.08	5.13	4.95	7.29	6.47	4.09
Price/Book Value High	2.11	2.74	2.96	3.62	3.95	4.47	5.24	7.88	9.02	9.22	6.11	6.2	8.02	7.29	5.05
Price/Book Value Low	1.66	2.12	2.38	2.86	2.99	3.31	4.23	5.12	7.11	6.54	4.69	3.87	6.69	5.16	3.45
Price/Tangible Book Value	14.17	10.51	10.65	10.63	33.8	35.14	81.57	-42.39	-30.31	-26.96	-32.46	62.31	-168.67	30.43	60.55
Price/Tangible Book Value Average	12.86	10.6	9.89	10.61	36.22	34.16	89.83	-35.68	-27.04	-26.69	-32.57	50.37	-168.32	36.21	49.55
Price/Tangible Book Value High	14.29	12.29	10.78	11.54	40.58	38.75	96.28	-45.17	-30.31	-30.44	-38.82	63.14	-185.27	40.78	61.08
Price/Tangible Book Value Low	11.2	9.51	8.69	9.12	30.73	28.68	77.66	-29.35	-23.87	-21.6	-29.77	39.39	-154.5	28.89	41.81
Price/Sales	2.38	2.62	3.3	3.84	3.72	4.08	3.8	4.67	5.98	4.98	4.01	4.74	4.7	3.92	4.05
Price/Sales Average	2.16	2.65	3.07	3.84	3.99	3.97	4.18	3.93	5.33	4.93	4.02	3.83	4.69	4.67	3.31
Price/Sales High	2.4	3.07	3.35	4.17	4.47	4.5	4.49	4.97	5.98	5.62	4.8	4.8	5.16	5.26	4.08
Price/Sales Low	1.88	2.37	2.69	3.3	3.39	3.33	3.62	3.23	4.71	3.99	3.68	3	4.31	3.73	2.79
Price/Cash Flow	9.23	12.38	12.48	20.32	11.73	15.65	23.63	18.07	17.4	20.16	13.85	14.71	21.73	11.73	15.97
Price/Cash Flow Average	8.37	12.48	11.59	20.28	12.57	15.21	26.03	15.21	15.52	19.96	13.89	11.89	21.68	13.96	13.07
Price/Cash Flow High	9.3	14.48	12.64	22.06	14.08	17.26	27.89	19.26	17.4	22.76	16.56	14.91	23.87	15.72	16.12
Price/Cash Flow Low	7.29	11.2	10.18	17.43	10.66	12.77	22.5	12.51	13.7	16.15	12.7	9.3	19.9	11.13	11.03
Price/Free Cash Flow Average	8.52	12.69	11.87	23.92	12.84	15.42	26.52	15.72	15.77	20.04	13.94	11.94	21.68	14.03	13.24
Price/Free Cash Flow High	9.46	14.71	12.94	26.02	14.38	17.5	28.43	19.9	17.68	22.86	16.61	14.96	23.87	15.8	16.33
Price/Free Cash Flow Low	7.41	11.38	10.42	20.56	10.89	12.95	22.93	12.93	13.92	16.22	12.74	9.34	19.9	11.19	11.17
EV/Sales Average	2.26	2.79	3.3	3.97	4.32	4.23	4.59	4.32	5.74	5.5	4.54	4.14	5.02	5.04	3.85
EV/Sales High	2.5	3.21	3.58	4.31	4.8	4.77	4.89	5.36	6.38	6.2	5.31	5.11	5.48	5.63	4.62
EV/Sales Low	1.98	2.52	2.93	3.44	3.72	3.6	4.02	3.62	5.12	4.56	4.19	3.3	4.65	4.09	3.33
EV/EBITDA Average	7.19	8.15	11.22	13.58	12.83	16.34	17.21	14.24	21.17	27.01	14.02	11.22	48.48	13.24	9.25
EV/EBITDA High	7.96	9.39	12.17	14.73	14.25	18.39	18.33	17.69	23.54	30.41	16.41	13.86	52.91	14.79	11.1
EV/EBITDA Low	6.31	7.36	9.95	11.74	11.03	13.88	15.08	11.94	18.86	22.39	12.96	8.95	44.87	10.75	8
EV/EBIT Average	14.16	14.33	24.39	29.61	24.64	34.77	30.57	22	30.76	45.94	17.62	13.66	128.18	16.23	11.79
EV/EBIT High	15.67	16.49	26.44	32.11	27.37	39.15	32.57	27.32	34.22	51.72	20.62	16.88	139.89	18.13	14.15
EV/EBIT Low	12.41	12.93	21.63	25.59	21.19	29.55	26.79	18.45	27.42	38.09	16.28	10.9	118.63	13.18	10.2
Last Price	37.57	40.98	49.7	57.21	52.89	59.07	56.54	76.12	92.08	81.69	77.23	110.93	108.4	99.63	106.33
High Price	37.88	47.94	50.33	62.1	63.48	65.15	66.73	81.12	92.08	92.24	92.35	112.41	119.07	133.52	107.28
Enterprise Value Average	108,612	131,984	145,255	167,883	170,682	168,571	184,043	182,547	224,561	228,462	220,900	245,146	301,872	323,117	250,154
Enterprise Value High	120,153	151,953	157,483	182,075	189,618	189,796	196,092	226,751	249,783	257,205	258,504	302,849	329,448	360,969	300,302
Enterprise Value Low	95,209	119,093	128,804	145,112	146,789	143,263	161,283	153,081	200,134	189,415	204,110	195,539	279,382	262,521	216,515

Shares Outstanding	3,041	3,027	2,928	2,838	2,781	2,749	2,697	2,593	2,539	2,530	2,528	2,538	2,532	2,528	2,475
Diluted Weighted Avg Shares	3,094	3,076	2,996	2,928	2,841	2,787	2,748	2,679	2,580	2,541	2,538	2,542	2,607	2,541	2,507
Basic Weighted Avg Shares	3,041	3,027	2,928	2,838	2,781	2,749	2,697	2,593	2,539	2,530	2,530	2,532	2,607	2,528	2,475
Revenue per Share	15.8	15.62	15.04	14.88	14.2	14.48	14.88	16.31	15.41	16.41	19.25	23.41	23.06	25.39	26.27
EBITDA per Share	4.96	5.35	4.42	4.36	4.78	3.75	3.97	4.94	4.18	3.34	6.23	8.63	2.39	9.66	10.93
Operating Income per Share	2.95	3.26	2.62	2.35	2.71	2	2.52	3.44	3.12	2.19	5.22	7.22	1.13	8	8.93
Basic EPS, GAAP	2.06	2.04	1.5	4.2	1.6	1.43	0.89	2.4	3.88	2.79	5.16	5.73	0.14	6.77	7.38
Basic EPS from Cont Ops	2.1	2.08	1.54	4.2	1.6	1.43	0.9	2.39	2.21	1.79	4.88	5.74	0.14	6.78	7.38
Diluted EPS, GAAP	2.02	2.01	1.47	4.07	1.56	1.41	0.87	2.32	3.82	2.78	5.14	5.71	0.14	6.74	7.28
Diluted EPS from Cont Ops	2.07	2.05	1.51	4.08	1.57	1.41	0.88	2.31	2.17	1.78	4.87	5.71	0.14	6.74	7.28
Dividend per Share	1.58	1.73	1.8	1.85	1.84	1.86	1.92	1.99	2.24	2.46	2.61	2.77	2.86	3.1	3.3
Cash Flow per Share	4.07	3.31	3.98	2.81	4.51	3.77	2.39	4.21	5.29	4.05	5.58	7.54	4.99	8.49	6.66
Free Cash Flow per Basic Share	4.07	3.31	3.98	2.46	4.51	3.77	2.39	4.21	5.29	4.05	5.58	7.54	4.99	8.49	6.66
Cash & Equivalents per Share	4.92	5.33	5.97	5.54	4.83	5.22	3.15	3.42	4.12	3.18	3.2	5.2	2.8	5.42	5.89
Book Value per Share	17.93	17.52	17	17.14	16.06	14.58	12.73	10.3	10.2	10.01	15.11	18.12	14.84	18.32	21.26
Tangible Book Value per Share	2.65	3.9	4.67	5.38	1.56	1.68	0.69	-1.8	-3.04	-3.03	-2.38	1.78	-0.64	3.27	1.76

Merck & Company, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)