As I promised last time, I am showing our Dividend Valuation Model for Becton Dickinson (BDX). BDX is the second highest ranked stock in our universe behind United Technologies (UTX) in a combination of predictability, valuation, and momentum. BDX is a global medical technology company engaged in the manufacture and sale of a wide range of medical devices and instruments used by many sectors of the health-care industry.
BDX has one of the best long-term earnings and dividend growth records of any company we follow. Dividends have grown by nearly 13% per annum over the last 20 years. Earnings have grown by nearly 12% per year. Over the last three years dividends and earnings have grown at 13.7% and 11.4%, respectively. Wall Street is estimating that 3-5 year earnings will grow at nearly 10%. The model is suggesting that based on next years estimates the stock is undervalued by nearly 14%.
Source: Rising Dividend Investing
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