Amgen Balance Sheet Analysis From 2010 to 2024

AMGN Stock  USD 286.30  4.53  1.61%   
Most indicators from Amgen's financial ratios are interrelated and interconnected. However, analyzing financial ratios indicators one by one will only give a small insight into Amgen Inc current financial condition. On the other hand, looking into the entire matrix of financial ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Amgen Valuation and Amgen Correlation analysis.
  
At this time, Amgen's Selling General Administrative is very stable compared to the past year. As of the 28th of March 2024, Tax Provision is likely to grow to about 1.4 B, while Enterprise Value Multiple is likely to drop 9.83.
Most indicators from Amgen's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Amgen Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Amgen Valuation and Amgen Correlation analysis.
At this time, Amgen's Selling General Administrative is very stable compared to the past year. As of the 28th of March 2024, Tax Provision is likely to grow to about 1.4 B, while Enterprise Value Multiple is likely to drop 9.83.
 2021 2022 2023 2024 (projected)
Interest Expense1.2B1.4B2.9B3.0B
Depreciation And Amortization3.4B3.4B4.1B4.3B

Amgen fundamental ratios Correlations

0.930.740.810.330.650.94-0.40.670.860.630.350.78-0.490.92-0.190.470.910.630.520.260.760.810.790.370.77
0.930.890.91-0.010.470.99-0.610.830.950.840.020.94-0.550.99-0.250.720.990.810.210.120.950.820.640.080.6
0.740.890.95-0.370.390.85-0.880.930.920.95-0.30.99-0.730.92-0.210.840.940.9-0.07-0.060.930.880.58-0.290.54
0.810.910.95-0.230.470.88-0.810.870.90.83-0.120.94-0.760.92-0.290.730.950.820.10.250.880.890.67-0.120.63
0.33-0.01-0.37-0.230.390.070.66-0.35-0.12-0.440.88-0.290.37-0.050.17-0.51-0.09-0.360.790.36-0.27-0.110.310.880.36
0.650.470.390.470.390.46-0.320.420.470.210.40.4-0.530.480.220.10.490.350.630.280.30.590.960.270.95
0.940.990.850.880.070.46-0.530.760.930.790.090.89-0.510.98-0.320.680.970.760.270.170.920.80.630.160.59
-0.4-0.61-0.88-0.810.66-0.32-0.53-0.85-0.71-0.810.56-0.820.79-0.660.13-0.74-0.7-0.790.330.11-0.72-0.76-0.460.62-0.43
0.670.830.930.87-0.350.420.76-0.850.850.88-0.310.94-0.580.850.080.790.870.87-0.1-0.10.890.770.56-0.320.51
0.860.950.920.9-0.120.470.93-0.710.850.88-0.180.95-0.650.96-0.260.740.960.830.040.010.940.850.65-0.140.61
0.630.840.950.83-0.440.210.79-0.810.880.88-0.440.95-0.610.86-0.220.90.860.91-0.24-0.280.930.740.39-0.390.34
0.350.02-0.3-0.120.880.40.090.56-0.31-0.18-0.44-0.260.210.00.09-0.48-0.03-0.340.940.49-0.28-0.010.350.970.39
0.780.940.990.94-0.290.40.89-0.820.940.950.95-0.26-0.650.95-0.170.840.960.91-0.04-0.040.970.840.58-0.230.53
-0.49-0.55-0.73-0.760.37-0.53-0.510.79-0.58-0.65-0.610.21-0.65-0.610.39-0.5-0.65-0.6-0.07-0.14-0.51-0.81-0.680.31-0.65
0.920.990.920.92-0.050.480.98-0.660.850.960.860.00.95-0.61-0.260.721.00.810.20.070.930.880.670.040.62
-0.19-0.25-0.21-0.290.170.22-0.320.130.08-0.26-0.220.09-0.170.39-0.26-0.2-0.27-0.130.06-0.26-0.2-0.280.03-0.010.05
0.470.720.840.73-0.510.10.68-0.740.790.740.9-0.480.84-0.50.72-0.20.730.96-0.31-0.250.840.590.24-0.420.18
0.910.990.940.95-0.090.490.97-0.70.870.960.86-0.030.96-0.651.0-0.270.730.830.180.110.930.890.680.010.63
0.630.810.90.82-0.360.350.76-0.790.870.830.91-0.340.91-0.60.81-0.130.960.83-0.13-0.160.870.730.47-0.320.43
0.520.21-0.070.10.790.630.270.33-0.10.04-0.240.94-0.04-0.070.20.06-0.310.18-0.130.5-0.090.220.60.890.61
0.260.12-0.060.250.360.280.170.11-0.10.01-0.280.49-0.04-0.140.07-0.26-0.250.11-0.160.5-0.070.050.310.470.32
0.760.950.930.88-0.270.30.92-0.720.890.940.93-0.280.97-0.510.93-0.20.840.930.87-0.09-0.070.740.47-0.190.4
0.810.820.880.89-0.110.590.8-0.760.770.850.74-0.010.84-0.810.88-0.280.590.890.730.220.050.740.77-0.050.76
0.790.640.580.670.310.960.63-0.460.560.650.390.350.58-0.680.670.030.240.680.470.60.310.470.770.240.99
0.370.08-0.29-0.120.880.270.160.62-0.32-0.14-0.390.97-0.230.310.04-0.01-0.420.01-0.320.890.47-0.19-0.050.240.26
0.770.60.540.630.360.950.59-0.430.510.610.340.390.53-0.650.620.050.180.630.430.610.320.40.760.990.26
Click cells to compare fundamentals

Amgen Account Relationship Matchups

Amgen fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets59.7B62.9B61.2B65.1B97.2B102.0B
Other Current Liab8.5B10.1B10.7B12.5B15.4B16.1B
Net Debt23.9B26.7B25.3B31.3B53.7B56.4B
Retained Earnings(21.3B)(21.4B)(24.6B)(28.6B)(26.5B)(25.2B)
Cash6.0B6.3B8.0B7.6B10.9B11.5B
Net Receivables4.1B4.5B4.9B5.6B7.9B8.3B
Other Current Assets1.9B2.1B2.4B2.4B281M267.0M
Total Liab50.0B53.5B54.5B61.5B90.9B95.5B
Total Current Assets18.4B21.1B19.4B22.2B30.3B15.2B
Short Term Debt3.0B91M87M1.6B1.4B1.0B
Inventory3.6B3.9B4.1B4.9B9.5B10.0B
Accounts Payable1.4B1.4B1.4B1.6B1.6B1.7B
Common Stock31.5B31.8B32.1B32.5B33.1B27.5B
Other Assets955M1.3B6.5B2.2B2.5B1.4B
Long Term Debt27.0B32.9B33.2B37.4B63.2B66.3B
Good Will14.7B14.7B14.9B15.5B18.6B14.4B
Intangible Assets19.4B16.6B15.2B16.1B32.6B34.3B
Other Liab9.9B9.0B9.1B7.9B9.1B5.1B
Net Tangible Assets(24.4B)(21.9B)(23.4B)(27.9B)(25.2B)(23.9B)
Long Term Debt Total27.0B32.9B33.2B37.4B43.0B29.9B

Pair Trading with Amgen

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Amgen position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Amgen will appreciate offsetting losses from the drop in the long position's value.

Moving together with Amgen Stock

  0.62MBIO Mustang Bio Report 3rd of April 2024 PairCorr

Moving against Amgen Stock

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The ability to find closely correlated positions to Amgen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amgen when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Amgen - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Amgen Inc to buy it.
The correlation of Amgen is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amgen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amgen Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Amgen can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Amgen Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Amgen's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Amgen Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Amgen Inc Stock:
Check out Amgen Valuation and Amgen Correlation analysis.
Note that the Amgen Inc information on this page should be used as a complementary analysis to other Amgen's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the AI Investment Finder module to use AI to screen and filter profitable investment opportunities.

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When running Amgen's price analysis, check to measure Amgen'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 Amgen is operating at the current time. Most of Amgen's value examination focuses on studying past and present price action to predict the probability of Amgen's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Amgen's price. Additionally, you may evaluate how the addition of Amgen to your portfolios can decrease your overall portfolio volatility.
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Is Amgen's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Amgen. If investors know Amgen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Amgen listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.52)
Dividend Share
8.52
Earnings Share
12.48
Revenue Per Share
52.692
Quarterly Revenue Growth
0.198
The market value of Amgen Inc is measured differently than its book value, which is the value of Amgen that is recorded on the company's balance sheet. Investors also form their own opinion of Amgen's value that differs from its market value or its book value, called intrinsic value, which is Amgen's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Amgen's market value can be influenced by many factors that don't directly affect Amgen's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Amgen's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amgen is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amgen's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.