Stock in Focus: Walgreens Boots Alliance Inc. (WBA)

Company Profile:

Walgreens Boots Alliance (Nasdaq: WBA) is a global leader in retail and wholesale pharmacy, touching millions of lives every day through dispensing and distributing medicines, its convenient retail locations, digital platforms and health and beauty products. The company has more than 100 years of trusted health care heritage and innovation in community pharmacy and pharmaceutical wholesaling. Including equity method investments, WBA has a presence in more than 25 countries, employs more than 440,000 people and has more than 18,750 stores. Walgreens Boots Alliance, Inc. was founded in 1901 and is based in Deerfield, Illinois.

Recent News:

On Dec. 12, 2019, Walgreens Boots Alliance and McKesson Corporation (NYSE: MCK) signed an agreement to create a joint venture that will combine their respective pharmaceutical wholesale businesses in Germany, Alliance Healthcare Deutschland and GEHE Pharma Handel. WBA will have a 70% controlling equity interest in the joint venture and McKesson will have a 30% ownership interest.

Walgreens Boots Alliance, Inc. (Nasdaq: WBA) will release its fiscal 2020 first quarter earnings results at 7 a.m. Eastern time Wednesday, January 8, 2020 followed by a one-hour conference call with Walgreens Boots Alliance management beginning at 8:30 a.m. Eastern time.

Fiscal 2019 net earnings attributable to Walgreens Boots Alliance decreased 20.7 percent to $4.0 billion, while net earnings per share1 decreased 14.6 percent to $4.31, compared with the prior year. Fiscal 2019 fourth quarter net earnings attributable to Walgreens Boots Alliance decreased 55.2 percent to $677 million compared with the same quarter a year ago, while net earnings per share1 decreased 51.4 percent to $0.75 compared with the same quarter a year ago.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

WBA’s strengths can be seen in its strong profitability and better solvency compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, MACD is trying to cross back up and the RSI stands at 48.90 with positive bias. We rate Walgreens Boots Alliance Inc. (WBA) a STRONG BUY.

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