Oct 13 close Sign in

Healthcare

Bausch Health (BHC)

Listed on the Toronto Stock Exchange; prices in Canadian dollars. All 218 TSX stocks.

Your signal

Sell40 / 100

Sell: 40 is at or below your Sell line of 40. Trend (+5% vs 200-day) scores 59 and lifts it; Off the high (−24% from its 1-year high) scores 21 and holds it back.

Every factor in this score has a tested record: each was checked month by month since 2011 on numbers public at the time.

Factor you weightBHCPointsWeightAdds
Plays in41%414016.4
Off the high−24% from its 1-year high21306.3
Trend+5% vs 200-day593017.7
Email me when it flips

Your signal is the one call Be The Puck makes on a stock, and you set it: weight the plays, analysts, P/E, growth, debt, trend and more, and move the Buy and Sell lines. Every page follows your choice. How the score works

All 18 factors for BHC
FactorBHCPointsWhat it is
Plays in41%41The share of the plays you count that hold it now.
Analysts' upside––How far analysts' average 12-month target sits above the price (3+ analysts). −20% scores 0, +50% full marks; at most 50 while the price is below its 200-day average, since targets lag a falling price.
Analysts' rating––The analysts' average recommendation: strong buy scores 100, hold or worse 0.
P/Eloss0Price over the last four quarters' earnings per share. Lower ranks higher; a loss scores 0. Source: Yahoo Finance.
Forward P/E1.4×100Price over next year's expected earnings. Lower ranks higher; an expected loss scores 0. Source: Yahoo Finance.
PEG0.0299P/E divided by expected earnings growth. Lower ranks higher; around 1 is often read as fair for the growth. Source: Yahoo Finance.
Price to sales0.2×99Market value over the last 12 months' revenue. Lower ranks higher. Source: Yahoo Finance.
Price to booknegative book0Price over book value (assets minus debts) per share. Lower ranks higher. Source: Yahoo Finance.
Dividend yieldnone0Dividends over the last year as a share of the price. Higher ranks higher; no dividend scores 0. Source: Yahoo Finance.
Earnings growth+70%76Earnings per share over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Revenue growth+13%47Revenue over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Profit margin−10%8Net profit as a share of revenue. Higher ranks higher. Source: Yahoo Finance.
Return on equity––Profit as a share of shareholders' equity. Higher ranks higher.
Debt to equity––Debt against shareholders' equity. Lower ranks higher; negative equity scores 0.
Off the high−24% from its 1-year high21How far the price sits below its highest close of the last year: 100 points at the high, none at 30% or more below. The exit rule: a stock that keeps falling loses points whatever else it has going for it.
Trend+5% vs 200-day59How far the price sits above its 200-day average. Higher ranks higher.
1-year momentum−2%30The price change over the last 12 months. Higher ranks higher.
Low crash exposure7/10 · very high30The storm test: 100 for no exposure, 10 points off per point of exposure.

The read

Test a theory on BHC

This analysis does not constitute trading advice. Please meet with an advisor or independently review sources before making any decision. New to this? Start with the basics.

Plays in41 / 100Every play Be The Puck tests, in 7 families.
Crash exposureVery high7 of 10 on the storm testMayer Multiple1.05×Price ÷ its 200-day average (+5%). Higher than on 53% of days since 2005. Above 2.4 is Mayer's overheated zone.

The most accurate play in each family

Each family's play whose calls went the right way most often, tested on 351 stocks since 2005, and what it says about BHC now.

A call is right when the stock rose after an in call or fell after an out call. Trend plays are built to take many small losses for a few big wins, so their hit rates run lower; being right often isn't the same as making the most money. How we test a play.

Each candle is one trading day: the box spans the open and close, the thin line the day's high and low. Hollow boxes closed up, filled boxes closed down. Toggle the averages to see the trend the plays read. Dots above the candles mark news and company filings: hover or tap one to see the story and how the stock moved from the last close before it, against the market on the same days.

What moved BHC lately

No session in the last 30 moved it twice a normal day against the S&P/TSX; these were its largest, the news read on each, and how reliably that kind of news has moved stocks before. How it's measured

Fri Sep 11−4.3% against the S&P/TSX0.8× a normal day

BHC −3.8%, the S&P/TSX +0.5% that session; −7.0% against the S&P/TSX over five sessions.

No earnings report, rating change, 8-K filing or news story on BHC was found for this session. Be The Puck's headline archive for BHC starts Oct 2, so news stories from that day aren't in it. The S&P/TSX moved +0.5%. The 17 other Healthcare stocks Be The Puck covers moved −0.5% on average, so most of the move was its own.

Two years of calls, week by week

InOutShare of plays in

One row per play, grouped by family. When most rows turn green at once, the trend is broad. When they split, the plays disagree and the stock is usually chopping sideways.

Every play on BHC

All 100 plays, by family.

Calls right: how often the play's calls on BHC went the right way since 2005. Record columns: play / buy and hold, annual return and worst drawdown since 2005. Click a column to sort.Sort with the menu above the list.

PlayCallSinceNext moveCalls rightAnnual returnWorst drawdown
Trend following
PB EMABitcoin Playboy · dailyOUTOct 13, 2026 0.0%Enter above C$8.42 (+0.7%)23% 146/632+1.5% / −2.4%−68.0% / −98.4%
Bull Market Support BandBenjamin Cowen · weeklyINJul 31, 2026 −13.4%Exit below C$7.88 (−5.8%)22% 24/107+4.1% / −2.4%−84.5% / −98.4%
Ripster EMA CloudRipster · dailyINOct 5, 2026 −0.7%Exit below C$8.29 (−0.9%)20% 69/337+3.4% / −2.4%−85.0% / −98.4%
Trend TemplateMark Minervini · dailyOUTJan 20, 2026 −10.9%Not on one close18% 33/188+4.3% / −2.4%−59.6% / −98.4%
Stage AnalysisStan Weinstein · weeklyINSep 4, 2026 −7.7%Exit below C$7.78 (−6.9%)21% 15/71+4.7% / −2.4%−78.7% / −98.4%
Stage 2 + Mansfield RSStan Weinstein · weeklyOUTAug 7, 2026 −3.9%Enter above C$9.01 (+7.8%)27% 20/74+6.8% / −2.4%−61.4% / −98.4%
10-Month SMAMeb Faber · month-endINJul 31, 2026 −13.4%Exit below C$8.04 (−3.9%)28% 11/39+5.8% / −2.4%−86.2% / −98.4%
200-Day RulePaul Tudor Jones · dailyINSep 25, 2026 +3.7%Exit below C$7.95 (−4.9%)18% 26/147+7.6% / −2.4%−73.7% / −98.4%
Golden CrossMarket tradition · dailyINSep 16, 2026 +4.8%Not on one close33% 11/33+3.8% / −2.4%−89.9% / −98.4%
Granville 200-DayJoseph E. Granville · dailyOUTSep 15, 2026 +6.1%Not on one close23% 21/92+9.2% / −2.4%−56.5% / −98.4%
Hull Moving AverageAlan Hull · weeklyOUTSep 18, 2026 +5.6%Enter above C$9.20 (+10.1%)35% 50/144+2.9% / −2.4%−82.2% / −98.4%
Kaufman Adaptive MAPerry J. Kaufman · dailyOUTOct 13, 2026 0.0%Enter above C$8.39 (+0.4%)23% 191/820−1.4% / −2.4%−88.3% / −98.4%
TEMA CrossoverPatrick G. Mulloy · dailyOUTAug 31, 2026 −4.9%Enter above C$9.05 (+8.3%)34% 86/254−4.1% / −2.4%−88.0% / −98.4%
Seykota 15/150Ed Seykota · dailyINOct 6, 2026 −2.3%Exit below C$7.30 (−12.7%)17% 5/29+3.7% / −2.5%−91.0% / −98.4%
Guppy Multiple MAsDaryl Guppy · dailyINOct 7, 2026 −4.9%Exit below C$7.84 (−6.2%)22% 29/129+2.6% / −2.4%−86.2% / −98.4%
Ichimoku CloudGoichi Hosoda · dailyOUTSep 15, 2026 +6.1%Enter above C$8.76 (+4.8%)26% 28/106+7.6% / −2.4%−65.1% / −98.4%
SupertrendOlivier Seban · dailyOUTSep 15, 2026 +6.1%Enter above C$8.89 (+6.4%)32% 52/160−1.7% / −2.4%−84.1% / −98.4%
Williams AlligatorBill Williams · dailyOUTSep 15, 2026 +6.1%Not on one close39% 125/318+0.7% / −2.4%−76.1% / −98.4%
Vortex IndicatorEtienne Botes & Douglas Siepman · dailyINOct 5, 2026 −0.7%Exit below C$7.71 (−7.8%)33% 185/561−0.2% / −2.4%−77.0% / −98.4%
AroonTushar S. Chande · dailyOUTSep 8, 2026 −5.6%Enter above C$9.19 (+9.9%)37% 81/220+2.4% / −2.4%−87.3% / −98.4%
Parabolic SARJ. Welles Wilder Jr. · dailyINSep 30, 2026 +0.8%Exit below C$8.16 (−2.4%)38% 175/455+2.6% / −2.4%−84.4% / −98.4%
ADX TrendJ. Welles Wilder Jr. · dailyOUTSep 10, 2026 −0.7%Not on one close33% 59/178+5.6% / −2.4%−52.8% / −98.4%
MACD Zero LineGerald Appel · dailyINOct 7, 2026 −4.9%Exit below C$8.01 (−4.2%)24% 47/195+0.2% / −2.4%−87.6% / −98.4%
Zweig 4% ModelMartin Zweig · weeklyINOct 2, 2026 +1.1%Exit below C$8.29 (−0.8%)32% 93/289−7.1% / −2.4%−93.7% / −98.4%
MAMA/FAMA CrossJohn F. Ehlers · dailyINOct 6, 2026 −2.3%Exit below C$8.05 (−3.7%)27% 61/223−0.2% / −2.4%−91.6% / −98.4%
Schaff Trend CycleDoug Schaff · dailyINOct 6, 2026 −2.3%Not on one close33% 78/235+0.9% / −2.4%−75.1% / −98.4%
Zero Lag EC CrossJohn F. Ehlers & Ric Way · dailyINOct 7, 2026 −4.9%Exit below C$7.90 (−5.5%)24% 44/183−1.5% / −2.4%−86.9% / −98.4%
DP Trend ModelCarl Swenlin & Erin Swenlin · dailyINAug 4, 2026 −7.8%Exit below C$6.59 (−21.1%)27% 29/109+4.0% / −2.4%−86.6% / −98.4%
Elder Triple ScreenAlexander Elder · dailyOUTAug 28, 2026 −4.8%Enter above C$8.45 (+1.1%)33% 68/208−4.1% / −2.4%−84.9% / −98.4%
Holy GrailLinda Bradford Raschke & Larry Connors · dailyOUTSep 9, 2026 −1.6%Not on one close47% 16/34+1.6% / −2.4%−22.5% / −98.4%
Breakouts & channels
Four-Week RuleRichard Donchian · dailyOUTSep 10, 2026 −0.7%Enter above C$9.02 (+7.9%)34% 41/122+4.4% / −2.4%−86.4% / −98.4%
Turtle System 1Richard Dennis & William Eckhardt · dailyOUTSep 9, 2026 −1.6%Enter above C$9.93 (+18.8%)32% 41/128+5.3% / −2.4%−54.8% / −98.4%
Turtle System 2Richard Dennis & William Eckhardt · dailyOUTSep 10, 2026 −0.7%Enter above C$9.93 (+18.8%)36% 29/80+9.9% / −2.4%−37.2% / −98.4%
Clenow TrendAndreas F. Clenow · dailyOUTSep 11, 2026 +3.2%Enter above C$9.65 (+15.4%)34% 26/76+8.1% / −2.4%−39.9% / −98.4%
Darvas BoxNicolas Darvas · dailyINOct 6, 2026 −2.3%Exit below C$7.79 (−6.8%)31% 36/115−4.8% / −2.4%−73.5% / −98.4%
Keltner ChannelChester W. Keltner & Linda Bradford Raschke · dailyOUTSep 8, 2026 −5.6%Enter above C$9.25 (+10.6%)35% 49/140+5.8% / −2.4%−52.5% / −98.4%
Bollinger BreakoutJohn Bollinger · dailyINOct 6, 2026 −2.3%Exit below C$8.23 (−1.5%)36% 69/193+9.4% / −2.4%−58.7% / −98.4%
Chandelier ExitChuck LeBeau · dailyOUTAug 6, 2026 +1.0%Enter above C$8.79 (+5.1%)36% 68/188+2.9% / −2.4%−77.9% / −98.4%
Wilder Volatility SystemJ. Welles Wilder Jr. · dailyOUTSep 11, 2026 +3.2%Enter above C$8.88 (+6.2%)33% 65/196−3.9% / −2.4%−90.2% / −98.4%
P&F Double TopA.W. Cohen & Thomas J. Dorsey · dailyINOct 5, 2026 −0.7%Exit below C$7.69 (−8.0%)34% 59/175−2.6% / −2.4%−93.3% / −98.4%
Chande Kroll StopTushar S. Chande & Stanley Kroll · dailyOUTOct 13, 2026 0.0%Enter above C$8.60 (+2.8%)23% 88/386−1.7% / −2.4%−85.2% / −98.4%
Acceleration BandsPrice Headley · dailyOUTAug 20, 2026 −11.2%Not on one close30% 58/196+0.7% / −2.4%−41.3% / −98.4%
TTM SqueezeJohn F. Carter · dailyINOct 7, 2026 −4.9%Exit below C$5.82 (−30.3%)37% 45/123+3.1% / −2.4%−40.4% / −98.4%
NR7 BreakoutToby Crabel · dailyOUTOct 13, 2026 0.0%Enter above C$8.81 (+5.4%)37% 243/652+5.8% / −2.4%−82.5% / −98.4%
Bollinger SqueezeJohn Bollinger · dailyOUTJan 16, 2026 −14.1%Not on one close44% 16/36+4.6% / −2.4%−23.3% / −98.4%
Momentum
12-Month MomentumMoskowitz, Ooi & Pedersen · month-endOUTAug 31, 2026 −4.9%Enter above C$10.24 (+22.5%)24% 8/34+0.7% / −2.5%−93.4% / −98.4%
12-1 MomentumNarasimhan Jegadeesh & Sheridan Titman · month-endOUTJun 30, 2026 +19.6%Not on one close38% 10/26+2.1% / −2.5%−89.6% / −98.4%
Dual MomentumGary Antonacci · month-endOUTSep 30, 2025 −6.7%Enter above C$11.39 (+36.3%)25% 8/32+1.5% / −2.5%−87.1% / −98.4%
Stocks on the MoveAndreas F. Clenow · dailyOUTJan 20, 2026 −10.9%Not on one close22% 26/116+6.2% / −2.4%−55.8% / −98.4%
52-Week HighThomas J. George & Chuan-Yang Hwang · month-endOUTApr 30, 2024 −30.6%Enter above C$10.40 (+24.4%)32% 7/22+8.8% / −2.4%−53.4% / −98.4%
Levy Relative StrengthRobert A. Levy · weeklyINOct 2, 2026 +1.1%Exit below C$8.14 (−2.7%)18% 22/123−2.1% / −2.4%−89.4% / −98.4%
MACD Signal CrossGerald Appel · dailyINOct 1, 2026 +2.8%Exit below C$7.80 (−6.7%)34% 144/423−8.6% / −2.4%−95.9% / −98.4%
Elder ImpulseAlexander Elder · dailyOUTOct 13, 2026 0.0%Enter above C$8.62 (+3.1%)28% 212/746+6.9% / −2.4%−72.4% / −98.4%
Know Sure ThingMartin J. Pring · dailyINOct 7, 2026 −4.9%Exit below C$4.75 (−43.1%)35% 112/317−11.8% / −2.4%−96.1% / −98.4%
Coppock CurveEdwin S. C. Coppock · month-endINJun 30, 2026 +19.6%Exit below C$8.53 (+2.0%)33% 7/21−1.0% / −3.8%−97.2% / −98.4%
CCI +100Donald R. Lambert · dailyOUTOct 13, 2026 0.0%Enter above C$8.69 (+3.9%)33% 167/512+5.1% / −2.4%−43.8% / −98.4%
TRIX Signal CrossJack K. Hutson · dailyINOct 8, 2026 −2.8%Exit below C$5.39 (−35.6%)36% 95/261−8.5% / −2.4%−87.0% / −98.4%
TSI Zero LineWilliam Blau · dailyINOct 7, 2026 −4.9%Exit below C$8.04 (−3.9%)23% 47/2010.0% / −2.4%−87.3% / −98.4%
13612W MomentumWouter J. Keller & Jan Willem Keuning · month-endINSep 30, 2026 +0.8%Exit below C$8.56 (+2.4%)40% 29/73+9.3% / −2.5%−73.4% / −98.4%
Market-State MomentumMichael J. Cooper, Roberto C. Gutierrez Jr. & Allaudeen Hameed · month-endOUTJun 30, 2026 +19.6%Not on one close42% 10/24−1.4% / −4.0%−89.6% / −98.4%
Frog in the PanZhi Da, Umit G. Gurun & Mitch Warachka · dailyOUTFeb 28, 2025 −22.2%Not on one close34% 11/32−4.5% / −2.5%−90.8% / −98.4%
PMO Signal CrossCarl Swenlin · dailyINOct 7, 2026 −4.9%Exit below C$8.29 (−0.9%)34% 109/325−6.6% / −2.4%−89.6% / −98.4%
Mean reversion
RSI 30/70J. Welles Wilder Jr. · dailyOUTAug 5, 2026 −5.0%Not on one close59% 22/37−8.0% / −2.4%−97.0% / −98.4%
RSI(2) PullbackLarry Connors & Cesar Alvarez · dailyOUTSep 21, 2026 +5.4%Not on one close63% 174/278+2.7% / −2.4%−58.7% / −98.4%
Double 7sLarry Connors & Cesar Alvarez · dailyOUTSep 28, 2026 +2.0%Buy C$7.95–C$8.36 (+0.0%)64% 209/326+1.4% / −2.4%−75.4% / −98.4%
Bollinger ReversionJohn Bollinger · dailyOUTOct 2, 2026 +1.1%Buy below C$7.64 (−8.7%)69% 135/197+1.0% / −2.4%−93.0% / −98.4%
Stochastic 20/80George C. Lane · dailyOUTOct 8, 2026 −2.8%Not on one close63% 99/157−5.5% / −2.4%−96.4% / −98.4%
Williams %RLarry Williams · dailyOUTOct 8, 2026 −2.8%Not on one close64% 184/289−0.4% / −2.4%−92.7% / −98.4%
DeMark 9-CountTom DeMark · dailyOUTOct 1, 2026 +2.8%Not on one close58% 45/77+1.4% / −2.4%−89.6% / −98.4%
Mayer MultipleTrace Mayer · dailyINNov 22, 2004 −32.5%Sell above C$19.21 (+129.8%)–−2.4% / −2.4%−98.4% / −98.4%
ConnorsRSI PullbackLarry Connors & Cesar Alvarez & Matt Radtke · dailyOUTMar 17, 2026 +17.6%Not on one close59% 26/44+0.8% / −2.4%−46.1% / −98.4%
Laguerre RSIJohn F. Ehlers · dailyINSep 2, 2026 −11.6%Exit below C$8.42 (+0.7%)50% 166/332+0.3% / −2.4%−93.5% / −98.4%
StochRSI 20/80Tushar S. Chande & Stanley Kroll · dailyOUTOct 1, 2026 +2.8%Not on one close59% 258/441+5.3% / −2.4%−93.0% / −98.4%
IBS ReversionAlexander S. Pagonidis · dailyOUTOct 9, 2026 −3.2%Buy below C$8.36 (0.0%)57% 1093/1926−2.9% / −2.4%−93.0% / −98.4%
Connors %bLarry Connors & Cesar Alvarez · dailyOUTOct 6, 2026 −2.3%Not on one close65% 48/74+0.6% / −2.4%−68.4% / −98.4%
Fisher TransformJohn F. Ehlers · dailyOUTOct 9, 2026 −3.2%Not on one close39% 390/1012+4.5% / −2.4%−86.8% / −98.4%
1-Month ReversalNarasimhan Jegadeesh & Bruce N. Lehmann · month-endINAug 31, 2026 −4.9%Sell above C$8.46 (+1.2%)66% 93/140−1.9% / −2.4%−98.5% / −98.4%
Volume & money flow
On-Balance VolumeJoseph E. Granville · dailyINOct 2, 2026 +1.1%Not on one close27% 211/777+5.2% / −2.4%−79.9% / −98.4%
Chaikin Money FlowMarc Chaikin · dailyOUTSep 15, 2026 +6.1%Not on one close31% 71/226−5.3% / −2.4%−96.0% / −98.4%
Money Flow IndexGene Quong & Avrum Soudack · dailyOUTAug 5, 2026 −5.0%Not on one close60% 26/43+2.0% / −2.4%−83.5% / −98.4%
Negative Volume IndexNorman Fosback & Paul Dysart · dailyINSep 28, 2026 +2.0%Not on one close39% 52/133+4.7% / −2.3%−95.5% / −98.4%
Force IndexAlexander Elder · dailyOUTOct 13, 2026 0.0%Enter above C$8.40 (+0.5%)27% 171/638+3.6% / −2.4%−74.2% / −98.4%
Buff AveragesBuff Dormeier · dailyINOct 2, 2026 +1.1%Exit below C$6.81 (−18.5%)31% 114/369+0.9% / −2.4%−75.8% / −98.4%
Chaikin OscillatorMarc Chaikin · dailyINOct 5, 2026 −0.7%Exit below C$8.36 (0.0%)34% 201/597−4.5% / −2.4%−87.1% / −98.4%
Volume Flow IndicatorMarkos Katsanos · dailyOUTDec 16, 2025 −12.6%Not on one close42% 36/86+12.3% / −2.0%−65.7% / −98.4%
Klinger OscillatorStephen J. Klinger · dailyINSep 25, 2026 +3.7%Sell C$7.52–C$8.31 (−0.7%)38% 325/863+6.2% / −2.4%−93.4% / −98.4%
Candles & chart patterns
Engulfing SwitchSteve Nison & Thomas N. Bulkowski · dailyINSep 22, 2026 +2.3%Not on one close51% 78/152−7.6% / −2.4%−97.9% / −98.4%
HikkakeDaniel L. Chesler · dailyOUTJul 21, 2026 +31.0%Not on one close35% 41/118+4.7% / −2.4%−59.7% / −98.4%
Turtle Soup Plus OneLinda Bradford Raschke & Larry Connors · dailyOUTNov 7, 2025 −10.4%Not on one close52% 24/46+3.3% / −2.4%−12.9% / −98.4%
Calendar
Halloween IndicatorSven Bouman & Ben Jacobsen & Yale Hirsch & Jeffrey Hirsch · dailyOUTApr 30, 2026 +7.3%Buys Oct 3058% 25/43+5.1% / −2.4%−87.9% / −98.4%
Best Six + MACDYale Hirsch & Jeffrey Hirsch · dailyOUTApr 23, 2026 +10.1%Not on one close56% 24/43−0.9% / −2.4%−95.0% / −98.4%
Seasonal TimingSy Harding · dailyOUTApr 27, 2026 +9.7%Window opens Oct 1648% 21/44−1.7% / −2.4%−95.6% / −98.4%
Santa Claus RallyYale Hirsch & Jeffrey Hirsch · dailyOUTJan 5, 2026 −18.1%Buys Dec 2357% 25/44+4.5% / −2.4%−14.1% / −98.4%
Turn of the MonthJosef Lakonishok & Seymour Smidt & Robert A. Ariel · dailyOUTOct 5, 2026 −0.7%Buys Oct 2953% 277/526+4.0% / −2.4%−70.7% / −98.4%
Presidential Sweet SpotYale Hirsch & Jeffrey Hirsch · dailyINSep 30, 2026 +0.8%Sells Jun 3064% 7/11+10.7% / −2.4%−42.0% / −98.4%
Pre-HolidayRobert A. Ariel & Josef Lakonishok & Seymour Smidt · dailyOUTSep 4, 2026 −7.7%Buys Nov 2445% 175/386+4.2% / −2.4%−10.5% / −98.4%
January BarometerYale Hirsch & Jeffrey Hirsch · month-endINDec 30, 2022 −1.6%Not on one close60% 12/20+10.7% / −2.4%−58.1% / −98.4%
Weekend EffectKenneth French & Josef Lakonishok & Seymour Smidt · dailyINOct 13, 2026 0.0%Sells Oct 1650% 1153/2284−4.4% / −2.4%−96.8% / −98.4%
Pre-FOMC DriftDavid Lucca & Emanuel Moench · dailyOUTSep 16, 2026 +4.8%Buys Oct 2749% 172/348+2.2% / −2.4%−28.2% / −98.4%
Lunar CycleKathy Yuan, Lu Zheng & Qiaoqiao Zhu · dailyINOct 2, 2026 +1.1%Sells Oct 1650% 269/541−0.9% / −2.4%−89.7% / −98.4%
Benchmark
Buy & HoldJohn C. Bogle · benchmarkINJan 4, 2005Always in–−2.4%−98.4%

If the market cracks: the storm test

How the storm test works
ExposureVery high7 of 10 points
  • Market swings2/3
  • Past crashes2/2
  • Debt3/3
  • Run-up0/2
  • It moves about 1.2× its index.
  • It fell about 2.8× as far as its index in past crashes.
  • It owes more than it owns (negative equity).
  • It operating profit covers interest only 1.2×.

Past crashes, peak to low

Financial crisis Oct 2007 to Oct 2008 · back to its old high Mar 2009

BHC−49%
TSX−47%

COVID crash Feb 2020 to Mar 2020 · back to its old high Feb 2021

BHC−48%
TSX−37%

2022 bear market Jan 2022 to Jul 2022 · never got back

BHC−84%
TSX−14%
  • Beta1.22Moves about 1.2× as much as the TSX week to week.
  • Downside capture341%In months the TSX fell, this fell 341% as much on average.
  • Two-year change−24%
  • From 52-week high−24%
  • EquityNegativeOwes more than it owns.
  • Net debt / EBITDA4.9×Years of operating cash earnings it would take to pay off its debt.
  • Interest cover1.2×

A crash marks every stock down; debt decides which companies come through. The storm test scores both halves: how hard the stock swings with the market, and how much debt it carries into a downturn. It describes fragility; it does not predict a crash.

The business behind the price

How to judge these numbers

Drug Manufacturers - Specialty & Generic · Bausch Health Companies Inc. operates as a diversified specialty pharmaceutical and medical device company. It operates through five segments: Salix, International, Solta Medical, Diversified, and Bausch + Lomb. The company develops, manufactures, and markets products primarily in the therapeutic areas of gastroenterology, hepatology, neurology and dermatology, generic and branded generic pharmaceuticals, dentistry products, over-the-counter products, aesthetic medical devices, and eye health.

Size and valuation
Market capC$3.1BWhat the whole company is worth at today's price: share price × shares outstanding.
Revenue (last 12 months)$10.9BTotal sales.
P/E ration/aLost money over the last year, so there is no profit to divide by.
Forward P/E1.4×Price against analysts' estimate of next year's profit.
Profit and growth
Profit margin−10.1%Spends more than it brings in.
Revenue growth+12.7%Last quarter's sales against the same quarter a year earlier.
Earnings growth+70.4%Same comparison for profit.
Free cash flow$1.4BCash left after running and investing in the business.
Balance sheet
Total equity−$554MNegative: it owes more than it owns.
Total debt$20.8BLoans and bonds it has to pay back, with interest.
Cash$1.8BCash and short-term investments on hand.
Interest cover1.2×Operating profit divided by interest. Under 2× means one bad year could make the interest hard to pay.

Company figures from Yahoo Finance, fetched Oct 14, 2026. Analyst targets are opinions, not forecasts Be The Puck checks.

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