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 76,577 - -
Change - 33.11% -13.5% -12.34% -4.28% 4.16% - -
Enterprise Value (EV) 1 104,695 126,473 110,733 101,231 97,308 95,250 92,549 85,468
Change - 20.8% -12.45% -8.58% -3.88% -2.11% -2.84% -7.65%
P/E ratio 14.6x 15.6x 17.2x 22.8x 12.4x 11.4x 9.96x 9.11x
PBR 1.57x 2.21x 1.89x 1.84x 1.74x 1.72x 1.58x 1.44x
PEG - 0.4x -0.9x -0.8x 0.1x 0.8x 0.7x 0.97x
Capitalization / Revenue 0.44x 0.56x 0.45x 0.31x 0.27x 0.27x 0.26x 0.25x
EV / Revenue 0.6x 0.7x 0.57x 0.41x 0.35x 0.33x 0.31x 0.27x
EV / EBITDA 9.42x 11x 9.24x 8.38x 7.88x 7.17x 6.43x 5.69x
EV / EBIT 13.2x 15x 13x 10.7x 10.6x 9.65x 8.45x 7.69x
EV / FCF 17.3x 17.2x 10.8x 11.3x - 10.5x 9.16x 8.45x
FCF Yield 5.77% 5.82% 9.25% 8.85% - 9.49% 10.9% 11.8%
Dividend per Share 2 4 4.48 4.92 5.6 - 6.178 6.447 6.75
Rate of return 1.74% 1.35% 1.64% 2.03% - 2.13% 2.23% 2.33%
EPS 2 15.73 21.3 17.39 12.12 22.18 25.28 29.05 31.78
Distribution rate 25.4% 21% 28.3% 46.2% - 24.4% 22.2% 21.2%
Net sales 1 174,078 180,642 195,322 247,099 274,900 284,479 297,074 312,309
EBITDA 1 11,118 11,522 11,980 12,083 12,351 13,286 14,391 15,020
EBIT 1 7,935 8,414 8,536 9,417 9,200 9,871 10,954 11,115
Net income 1 5,365 6,668 5,164 3,434 5,957 6,597 7,699 7,782
Net Debt 1 28,589 25,169 23,108 24,422 23,787 18,674 15,973 8,891
Reference price 2 229.63 331.34 299.45 276.14 275.23 289.48 289.48 289.48
Nbr of stocks (in thousands) 331,428 305,739 292,620 278,153 267,126 264,532 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
11.45x0.33x7.17x2.13% 76.58B
23.32x0.92x14.49x2.22% 363B
20.3x0.59x11.45x1.67% 90.24B
42.93x0.31x18.27x1.02% 42.03B
24.76x0.14x13.41x-.--% 30.78B
55.04x0.19x12.67x-.--% 9.94B
80.34x0.53x17.71x-.--% 3.18B
19.94x1.34x7.79x-.--% 2.03B
291.7x0.64x31.79x-.--% 2.02B
48.28x2.71x14.3x0.57% 280M
Average 61.81x 0.77x 14.91x 0.76% 61.98B
Weighted average by Cap. 24.49x 0.71x 13.37x 1.87%

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