Pfizer: 3QFY02 net up 14% - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Pfizer: 3QFY02 net up 14%

Sep 26, 2001

Pfizer, has declared 14% rise in net profit for Q3FY02 (quarter ending in Aug'01). The rise in net profits was mainly on the back of 40 basis points increase in operating margins and a spurt in other income. The third quarter performance for the company is usually the best as sales of cold and cough preparations pick up during this quarter. However, a flat sales growth was quite disappointing.

(Rs m) 3QFY01 3QFY02 % Change
Sales 803 822 2.4%
Other Income 132 154 16.8%
Expenditure 704 719 2.1%
Operating Profit (EBDIT) 98 103 5.0%
Operating Profit Margin (%) 12.2% 12.6%  
Interest 0.9 1 -22.2%
Depreciation 12.6 18 40.5%
Profit before Tax 217 239 10.2%
Tax 87.8 92 4.8%
Profit after Tax/(Loss) 129 147 14.0%
Net profit margin (%) 16.1% 17.9%  
No. of Shares (eoy) (m) 23.4 23.4  
Diluted Earnings per share* 22.1 25.1  
P/E (at current price) 18.1 15.9  
(*- annualised)        

The rise in operating margins seems to be on the back of new products, especially Magnex and Hepashield B. Pfizer's merger with Parke Davis is expected to be through by 2002, though the company has already integrated it's operations with that of Parke Davis. The integration is expected to strengthen Pfizer's position in the OTC market as Parke Davis product stable boosts of some established brands such as Benadryl, Gelusil and Listerine.

At the current market price of 400, the stock is trading at 21x FY02 expected earnings.


Equitymaster requests your view! Post a comment on "Pfizer: 3QFY02 net up 14%". Click here!

  

More Views on News

PFIZER Announces Quarterly Results (1QFY21); Net Profit Up 10.3% (Quarterly Result Update)

Aug 26, 2020 | Updated on Aug 26, 2020

For the quarter ended June 2020, PFIZER has posted a net profit of Rs 1 bn (up 10.3% YoY). Sales on the other hand came in at Rs 5 bn (down 5.4% YoY). Read on for a complete analysis of PFIZER's quarterly results.

PFIZER Announces Quarterly Results (3QFY20); Net Profit Up 5.4% (Quarterly Result Update)

Feb 19, 2020 | Updated on Feb 19, 2020

For the quarter ended December 2019, PFIZER has posted a net profit of Rs 1 bn (up 5.4% YoY). Sales on the other hand came in at Rs 5 bn (up 4.7% YoY). Read on for a complete analysis of PFIZER's quarterly results.

PFIZER 2017-18 Annual Report Analysis (Annual Result Update)

Jan 1, 2019 | Updated on Jan 1, 2019

Here's an analysis of the annual report of PFIZER for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of PFIZER. Also includes updates on the valuation of PFIZER.

More Views on News

Most Popular

How the 8-Year Cycle Can Help Identify Multibaggers (Fast Profits Daily)

Sep 11, 2020

This is how you can apply the greed and fear cycle in the market to pick stocks.

I Recommended this Stock over Page Industries because it's Relevant to Doubling Your Income (Profit Hunter)

Sep 7, 2020

Things are not often what they seem in the market and how you can take advantage of this.

The NASDAQ Whale Could Harm Your Portfolio (Fast Profits Daily)

Sep 7, 2020

The discovery of Softbank pushing up prices on the NASDAQ will cause volatility in the market. Stay alert!

This Could Be the Best September for Auto Stocks (Profit Hunter)

Sep 11, 2020

Here's why I think this month could be a great for auto stocks.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

PFIZER SHARE PRICE


Sep 18, 2020 (Close)

TRACK PFIZER

PFIZER - FULFORD INDIA COMPARISON

COMPARE PFIZER WITH

MARKET STATS