Company Valuation: Cigna

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 76,106 101,304 87,625 76,809 73,521 71,582 - -
Change - 33.11% -13.5% -12.34% -4.28% -2.64% - -
Enterprise Value (EV) 1 104,695 126,473 110,733 101,231 97,308 91,486 87,144 82,537
Change - 20.8% -12.45% -8.58% -3.88% -5.98% -4.75% -5.29%
P/E ratio 14.6x 15.6x 17.2x 22.8x 12.4x 11.4x 10.1x 9.05x
PBR 1.57x 2.21x 1.89x 1.84x 1.74x 1.6x 1.48x 1.21x
PEG - 0.4x -0.9x -0.8x 0.1x 1.52x 0.8x 0.8x
Capitalization / Revenue 0.44x 0.56x 0.45x 0.31x 0.27x 0.25x 0.24x 0.23x
EV / Revenue 0.6x 0.7x 0.57x 0.41x 0.35x 0.33x 0.29x 0.26x
EV / EBITDA 9.42x 11x 9.24x 8.38x 7.88x 7.08x 6.18x 5.77x
EV / EBIT 13.2x 15x 13x 10.7x 10.6x 9.31x 8.31x 7.26x
EV / FCF 17.3x 17.2x 10.8x 11.3x - 10.1x 8.65x 7.81x
FCF Yield 5.77% 5.82% 9.25% 8.85% - 9.92% 11.6% 12.8%
Dividend per Share 2 4 4.48 4.92 5.6 - 6.209 6.448 6.725
Rate of return 1.74% 1.35% 1.64% 2.03% - 2.29% 2.37% 2.48%
EPS 2 15.73 21.3 17.39 12.12 22.18 23.84 27.01 30.03
Distribution rate 25.4% 21% 28.3% 46.2% - 26% 23.9% 22.4%
Net sales 1 174,078 180,642 195,322 247,099 274,900 280,755 296,982 311,557
EBITDA 1 11,118 11,522 11,980 12,083 12,351 12,925 14,099 14,298
EBIT 1 7,935 8,414 8,536 9,417 9,200 9,823 10,482 11,367
Net income 1 5,365 6,668 5,164 3,434 5,957 6,344 7,279 7,514
Net Debt 1 28,589 25,169 23,108 24,422 23,787 19,903 15,561 10,955
Reference price 2 229.63 331.34 299.45 276.14 275.23 271.63 271.63 271.63
Nbr of stocks (in thousands) 331,428 305,739 292,620 278,153 267,126 263,528 - -
Announcement Date 03/02/22 03/02/23 02/02/24 30/01/25 05/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.39x0.33x7.08x2.29% 71.58B
16.98x0.69x10.9x3.08% 260B
12.14x0.44x8.56x2.44% 63.92B
19.31x0.2x11.71x2.22% 21.6B
23.27x0.11x10.86x-.--% 21.47B
34.21x0.15x9.99x-.--% 7.44B
140.65x0.65x22.37x-.--% 3.77B
15.59x0.87x5.12x-.--% 1.5B
-174.83x0.31x17.1x-.--% 1.05B
43.69x2.43x12.82x0.63% 262M
Average 14.24x 0.62x 11.65x 1.07% 45.26B
Weighted average by Cap. 16.70x 0.54x 10.08x 2.58%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield