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Biogen Inc

Exchange: NASDAQSector: HealthcareIndustry: Drug Manufacturers - General

Eisai and Biogen have been collaborating on the joint development and commercialization of AD treatments since 2014. Eisai serves as the lead of lecanemab development and regulatory submissions globally with both companies co-commercializing and co-promoting the product and Eisai having final decision-making authority. About the Collaboration between Eisai and BioArctic for AD Since 2005, Eisai and BioArctic have had a long-term collaboration regarding the development and commercialization of AD treatments. Eisai obtained the global rights to study, develop, manufacture and market lecanemab for the treatment of AD pursuant to an agreement with BioArctic in December 2007. The development and commercialization agreement on the antibody lecanemab back-up was signed in May 2015. About Eisai Co., Ltd. Eisai's Corporate Concept is "to give first thought to patients and people in the daily living domain, and to increase the benefits that health care provides." Under this Concept (also known as human health care ( hhc ) Concept), we aim to effectively achieve social good in the form of relieving anxiety over health and reducing health disparities. With a global network of R&D facilities, manufacturing sites and marketing subsidiaries, we strive to create and deliver innovative products to target diseases with high unmet medical needs, with a particular focus in our strategic areas of Neurology and Oncology. In addition, we demonstrate our commitment to the elimination of neglected tropical diseases (NTDs), which is a target (3.3) of the United Nations Sustainable Development Goals (SDGs), by working on various activities together with global partners.

Did you know?

Earnings per share grew at a -17.5% CAGR.

Current Price

$177.34

-3.50%

GoodMoat Value

$108.82

38.6% overvalued
Profile
Valuation (TTM)
Market Cap$26.02B
P/E20.12
EV$29.70B
P/B1.43
Shares Out146.70M
P/Sales2.63
Revenue$9.89B
EV/EBITDA12.28

Biogen Inc (BIIB) Dividends

GoodMoat Analysis

Based on data as of March 26, 2026

Biogen Inc does not pay a dividend, making it an unfavourable choice for an income-focused investor. The company's capital is instead allocated to share repurchases and reinvestment, though recent financial performance shows declining revenue and modest returns.

Read full analysis
Biogen Inc does not currently pay a dividend, so there is no yield to compare to the sector or payout ratio to assess for sustainability. For an income-focused value investor, this is a clear disqualifier. Instead, the company retains its free cash flow for other capital allocation purposes. Evaluating the underlying financial strength using the GoodMoat framework's Quality Indicators provides context. Biogen's free cash flow yield of 7.3% is a positive signal, indicating the company generates substantial cash relative to its market value. This level of FCF generation could theoretically support a dividend, but management has chosen a different path. The balance sheet appears reasonably strong with a Debt/Equity ratio of 0.36, which is below the framework's caution threshold of 1.0x Debt/EBITDA, suggesting low financial risk. However, other quality metrics are less robust. Revenue growth is negative at -7.1% YoY, and the Return on Equity of 7.1% is below the high-quality threshold of 15-20%. The lack of a dividend means investor returns are dependent on share price appreciation or buybacks, which in turn rely on the company's ability to successfully reinvest its cash flow into growth projects or strategic acquisitions to reverse its current top-line decline. Analysis based on data as of 2024-05-15.

Dividend Overview

Dividend Yield

Dividend / Share

Key Metrics

Market Cap

$26.02B

P/E Ratio

20.12

Forward P/E

EPS

$8.79

PEG Ratio

-0.17

Book Value

$124.45

Dividend Yield

Profit Margin

13.07%

ROE

7.08%

Dividend History

Dividend Safety

BIIB Dividend Analysis

Biogen Inc (BIIB) dividend analysis including yield, payout history, and sustainability metrics.

P/E ratio: 20.12. Profit margin: 13.07%. Free cash flow: $2.02B. This page shows Biogen Inc's dividend overview, key metrics, historical payout data, and dividend safety assessment to help income-focused investors evaluate the sustainability of dividend payments.

GoodMoat's dividend analyzer evaluates payout ratios, earnings coverage, and free cash flow coverage to determine how well supported Biogen Inc's dividend payments are. Use this analysis alongside the company's financial statements and quality score to make informed income-investing decisions.