ROARABLE // PRO
GLOBAL DESKS // NYC --:--:-- NYSE
US TAPE
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BMY // Bristol-Myers Squibb Company

DES <GO> NYSE RQD COCKPIT → CIK 0000014272 ↗
Health Care • Biotechnology: Pharmaceutical Preparations
$62.48 ▲ +1.09 (+1.78%)
MKT CAP: $125.40B • VOL: 12.67M
BMY // ROARABLE RATING & 5-PILLAR RQD CONFIDENCE 02:00 EST DETERMINISTIC ENGINE
PRIOR: RQD 63/100 [C] (+0 PT) • UNCHANGED
ROARABLE C
RQD CONFIDENCE
63 / 100 +0D
5 X 20-PT QUANT PILLARS
E 0 D 35 C 59 B 70 A 86+
Roarable Hold — Fair / Balanced Risk-Reward
01 MASSIVE / SEC XBRL
Forensic Fundamentals
11 / 20
NEUTRAL
FCF -7.9% vs NI +178.8% • ROIC-WACC +6.8% • Z 2.24
02 INSTITUTIONAL TAPE & TREND
Whale & Options Flow
12 / 20
NEUTRAL
52W RANGE 69% • VS 200D +2.3% • RSI 50.4
03 SEC XBRL CAPITAL ALLOCATION
Insider & Capital Conviction
17 / 20
STRONG
FCF YIELD +10.2% • P/E 16.6x • F-SCORE 7/9
04 FRED 90D r-MATRIX
Macro Regime Fit
[LOCKED] FLAGGED
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05 10-K REDLINE AUDIT
Forensic 10-K Risk
[LOCKED] FLAGGED
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ALERT

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BMY // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +8.89%📐 WEDGE COMPRESSION COIL
2026-11-02O $60.57H $62.48L $60.57C $62.48VOL 14.77M
RES: $63.87SUP: $56.66SMA50: $62.57SMA200: $60.00
$69.80$64.99$60.18$55.37$50.56RES $63.87SUP $56.66$62.482026-05-042026-06-172026-08-042026-09-182026-11-02
BMY // INSTITUTIONAL BULL VS. BEAR FORENSIC DEBATE
NEUTRAL / PAIR TRADE CONVICTION: 48/100
BEAR 0
100 BULL

Bristol-Myers Squibb Company (BMY) exhibits 71.1% gross margins and 13.3% return on invested capital within Health Care (Biotechnology: Pharmaceutical Preparations), balanced against a 16.3x enterprise multiple and 4.8% implied options volatility.

▲ INSTITUTIONAL BULL THESIS (LONG)
01. Operating Leverage & Capital Efficiency Moat

Sustained 71.1% gross profitability converts into 17.9% operating margin and 13.3% ROIC, outpacing sector cost of capital.

ROIC: 13.3% // GM: 71.1%
02. Top-Line Expansion & Cash Conversion

YoY revenue trajectory of -0.2% paired with 10.24% free cash flow yield supports self-funded R&D and capital return.

REV YOY: -0.2% // FCF YLD: 10.24%
03. Balance Sheet Solvency & Forensic Quality

Altman Z-Score of 2.24 and Piotroski F-Score of 7/9 indicate low near-term refinancing stress.

ALTMAN Z: 2.24 // F-SCORE: 7/9
▼ INSTITUTIONAL BEAR THESIS (SHORT / RISK)
01. Multiple Compression & Duration Sensitivity

Trading at 17.8x trailing P/E (16.6x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.

P/E: 17.8x // EV/EBITDA: 16.3x
02. Options Skew & Event Volatility Risk

Options market prices a ±5.2% implied move with a 0.85 put/call ratio around $62.48 max pain.

IMPL MOVE: ±5.2% // P/C: 0.85
03. Competitive Margin & CapEx Cycle Pressure

Elevated industry capital intensity and customer concentration in Biotechnology: Pharmaceutical Preparations require continuous execution to defend 14.6% net margins.

NET MARGIN: 14.6% // D/E: 2.32x
KEY CATALYST // Upcoming 10-Q/10-K XBRL margin progression, guidance revision vs 16.6x forward consensus, and institutional 13F positioning.
MACRO REGIME // Monitor US 10Y Real Yields (DFII10) and High-Yield Credit Spreads (OAS) for beta-adjusted multiple impact (Beta 0.98).
FORM 4 & 13F FLOW OPEN OWN <GO>
FILER SIDE $ VALUE
INSPECT FULL OWNERSHIP LEDGER IN OWN <GO>
UNUSUAL OPTIONS TAPE OPEN OPT <GO>
STRIKE / EXP TYPE PREMIUM
INSPECT GEX & CHAIN IN OPT <GO>
KEY VALUATION & PROFITABILITY RATIOS XBRL FA <GO>
TRAILING P/E 17.8x
FORWARD P/E 16.6x
EV / EBITDA 16.3x
FCF YIELD 10.24%
GROSS MARGIN 71.1%
OPERATING MARGIN 17.9%
NET MARGIN 14.6%
ROIC % 13.3%
REV GROWTH YOY -0.2%
DILUTED EPS TTM $3.45
DEBT / EQUITY 2.32x
DIVIDEND YIELD 4.02%
RSI-14 MOMENTUM 50.4
5Y EQUITY BETA 0.98
FRED MACRO SENSITIVITY (PEARSON r) ECST <GO>
MACRO CORRELATION CALIBRATION ACTIVE BELOW.
FRED MACRO REGIME STRESS-TEST SIMULATOR // BMYPEARSON R VARIANCE ENGINE
01 // SELECT FEDERAL RESERVE & CREDIT SHOCK SCENARIO
02 // POSITION NOTIONAL EXPOSURE
HEADLINE STRESS SCORE
75/100SEVERE DRAWDOWN PRESSURE
PRIMARY FACTOR EXPOSURE
DFII10 // -0.61 r
Latest: 2.08%
EST. DIRECTIONAL MOVE
-8.50%
Implied Px: $57.17
EST. DOLLAR VARIANCE
-$4,248
On $50,000 Notional
[LOCKED // MULTI-FACTOR DRAWDOWN HEDGE & MACRO TRIGGER ALERT]

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HEAD-TO-HEAD PEER COMPARISONS COMP <GO>