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Johnson & Johnson (JNJ)

Pharmaceuticals
Salud
defensivo
growth
dividend achiever

Johnson & Johnson, together with its subsidiaries, engages in the research and development, manufacture, and sale of various products in the healthcare field worldwide. It operates in two segments, Innovative Medicine and MedTech. The Innovative Medicine segment offers products for various therapeutic areas, such as immunology, including rheumatoid arthritis, psoriatic arthritis, inflammatory bowel disease, and psoriasis; infectious diseases comprising HIV/AIDS; neuroscience, consisting of mood disorders, neurodegenerative disorders, and schizophrenia; oncology, such as prostate cancer, hematologic malignancies, lung cancer, and bladder cancer; cardiovascular and metabolism, including thrombosis, diabetes, and macular degeneration; and pulmonary hypertension comprising pulmonary arterial hypertension through retailers, wholesalers, distributors, hospitals, and healthcare professionals for prescription use. The MedTech segment provides electrophysiology products to treat heart rhythm disorders; the heart recovery portfolio, which includes technologies to treat severe coronary artery disease requiring high-risk PCI or AMI cardiogenic shock; circulatory restoration products for the treatment of calcified coronary artery and peripheral artery diseases; and neurovascular care that treats hemorrhagic and ischemic stroke. This segment offers an orthopaedics portfolio that includes products and enabling technologies that support hips, knees, trauma, spine, sports, and other; surgery portfolios comprising advanced and general surgery technologies, as well as solutions for breast aesthetics and reconstruction; contact lenses under the ACUVUE brand; and TECNIS intraocular lenses for cataract surgery. It distributes its products to wholesalers, hospitals, and retailers, as well as physicians, nurses, hospitals, eye care professionals, and clinics. The company was founded in 1886 and is based in New Brunswick, New Jersey.

Precio Actual

$225.47
-0.90% vs día anterior

Capitalización

543B

Desviación

+5.04%

Crec. Y/Y

5.9%

Margen EBIT

34.3%

ROIC

23%

PEG Ratio

0.7

ROE

27.9%

Crec. EPS 3A

24.3%

Yield Div.

2.28%

Net Debt / EBITDA

0.5x

Último Análisis

01/2026
Fecha en la que se realizó la última valoración profunda de esta acción.

Proyecciones CAGR

Proyecciones de tasa de crecimiento anual compuesta basadas en diferentes modelos de valoración. CAGR EV/FCF es la métrica principal.

CAGR EV/FCF
8.7%
CAGR EV/FCF 2026:
-4.8%
CAGR Prom.:
6.9%
CAGR P/E:
7.7%
CAGR EV/EBITDA: 4.7%
CAGR EV/EBIT: 6.4%
Precio de compra para +15%:
$165.52

Múltiplos de Valoración

Múltiplos de valoración utilizados para las estimaciones de CAGR y precios objetivo.

PER
17x
(Fair P/E: 57x)
EV/FCF
18x
CAGR EV/EBITDA
13x
CAGR EV/EBIT
14x

Gráfico de Evolución del Precio

Precios Objetivo FCF

Precios futuros estimados de la acción basados en proyecciones de flujo de caja libre.

Calculadora de Sensibilidad

Compara el CAGR de tu valoración con el que resultaría al aplicar diferentes múltiplos (LTM y Fair P/E).

Mercado LTM P/E
26x
Fair P/E
57x
CAGR EV/FCF
Tu Múltiplo: 18x
8.7%
17.0%
36.9%
CAGR P/E
Tu Múltiplo: 17x
7.7%
17.2%
37.2%
Tu CAGR
CAGR con LTM
CAGR con Fair P/E

Reverse DCF

Crec. Implícito del Mercado-1.7%
Tu CAGR EV/FCF8.7%
-1.7%8.7%
Margen de Seguridad: +10.4pp

Rentabilidad mínima que exiges a tu inversión. Refleja el coste de oportunidad y el riesgo.

Múltiplo EV/FCF al que se valorará la empresa al final del periodo de proyección.

Notas

Rendimiento Histórico vs. Índices

Rendimiento anual (YTD) de la acción comparado con índices y materias primas de referencia.

Media vs. Bitcoin
-285.94%
Media vs. Gold
-2.62%
Media vs. Bono USA 7-10y
+9.02%
Media vs. Bono USA 1-3y
+8.12%
Media vs. Bono USA 20+y
+10.23%
Media vs. Dow Jones
-3.14%
Media vs. S&P 500
-5.72%
Media vs. NASDAQ 100
-11.86%
Media vs. MSCI World
-3.37%
Media vs. Russell 2000
-0.58%
Media vs. STOXX Europe 600
+3.06%
statistics.year
Rendimiento JNJ
Rendimiento Bitcoin
Rendimiento vs. Bitcoin
Rendimiento Gold
Rendimiento vs. Gold
Rendimiento Bono USA 7-10y
Rendimiento vs. Bono USA 7-10y
Rendimiento Bono USA 1-3y
Rendimiento vs. Bono USA 1-3y
Rendimiento Bono USA 20+y
Rendimiento vs. Bono USA 20+y
Rendimiento Dow Jones
Rendimiento vs. Dow Jones
Rendimiento S&P 500
Rendimiento vs. S&P 500
Rendimiento NASDAQ 100
Rendimiento vs. NASDAQ 100
Rendimiento MSCI World
Rendimiento vs. MSCI World
Rendimiento Russell 2000
Rendimiento vs. Russell 2000
Rendimiento STOXX Europe 600
Rendimiento vs. STOXX Europe 600
2026
YTD en Vivo
8.61%-10.01%+18.63%8.78%-0.17%-0.54%+9.15%-0.35%+8.96%-0.37%+8.98%1.75%+6.86%4.47%+4.14%6.89%+1.72%4.70%+3.92%11.11%-2.50%2.43%+6.18%
2025
43.70%110.77%-67.08%26.96%+16.74%-3.73%+47.42%0.05%+43.65%-11.17%+54.86%12.80%+30.89%24.01%+19.68%30.78%+12.92%17.88%+25.81%10.80%+32.90%5.50%+38.19%
2024
-9.60%153.66%-163.25%11.76%-21.35%-0.15%-9.45%0.98%-10.58%-2.54%-7.05%13.74%-23.34%24.73%-34.33%44.52%-54.12%21.92%-31.52%15.78%-25.38%11.67%-21.27%
2023
-12.04%-65.23%+53.19%0.78%-12.82%-15.93%+3.89%-5.00%-7.04%-31.00%+18.97%-9.40%-2.64%-19.95%+7.92%-33.89%+21.86%-19.70%+7.66%-22.50%+10.46%-13.29%+1.25%
2022
2.98%60.33%-57.35%-6.24%+9.21%-4.15%+7.13%-0.98%+3.96%-5.94%+8.91%20.23%-17.25%28.79%-25.81%23.20%-20.22%21.22%-18.24%15.39%-12.41%21.66%-18.68%
2021
9.31%301.93%-292.62%23.90%-14.59%8.33%+0.98%2.02%+7.29%15.12%-5.81%6.02%+3.29%15.29%-5.98%41.75%-32.44%12.94%-3.63%18.48%-9.17%-4.64%+13.95%
2020
7.82%88.85%-81.04%17.78%-9.96%5.55%+2.26%1.20%+6.62%10.91%-3.10%21.91%-14.10%28.34%-20.52%34.60%-26.79%25.23%-17.41%23.05%-15.24%23.42%-15.60%
2019
14.18%-71.79%+85.97%-3.12%+17.30%-0.97%+15.15%-0.24%+14.42%-3.17%+17.36%-6.03%+20.21%-7.01%+21.19%-5.30%+19.49%-11.16%+25.35%-13.00%+27.18%-13.42%+27.60%
2018
-7.31%1,184.56%-1,191.87%11.93%-19.24%0.76%-8.08%-0.63%-6.68%6.03%-13.35%24.33%-31.64%18.42%-25.73%27.16%-34.47%19.45%-26.77%12.45%-19.76%7.16%-14.47%
2017
20.61%1,184.56%-1,163.95%11.93%+8.68%-1.15%+21.77%-0.02%+20.64%-1.91%+22.52%24.33%-3.72%18.42%+2.20%27.16%-6.54%19.45%+1.16%12.45%+8.16%7.16%+13.46%
common.average7.83%293.76%-285.94%10.45%-2.62%-1.20%+9.02%-0.30%+8.12%-2.40%+10.23%10.97%-3.14%13.55%-5.72%19.69%-11.86%11.19%-3.37%8.40%-0.58%4.77%+3.06%
Rendimiento anual de cada inversión. La línea discontinua marca el benchmark. 0% (punto de equilibrio).

Historial de Valoración

Registro de los cambios en los parámetros de valoración a lo largo del tiempo.

Fecha de Valoración
Crec. Y/Y
Margen EBIT
Deuda/Pat.
PER
EV/FCF
CAGR EV/EBITDA
CAGR EV/EBIT
Objetivo 2026
Objetivo 2027
Objetivo 2028
Objetivo 2029
Objetivo 2030
1/24/20265.9%34.3%0.5x17x(57x)18x13x14x$214.65$242.66$273.73$301.88$332.93
11/5/20255%33.6%0.4x16x(41x)18x13x14x$200.77$223.20$247.61$269.99$294.39
9/24/20254.5%33.4%0.4x17x(18x)18x13x15x$200.50$221.28$243.58$264.57$287.38

Historial de Dividendos

Evolución de los dividendos por acción y métricas de crecimiento.

Yield Actual
227.97%
Crecimiento (5A)
559.1%
Años Consecutivos
9