Company Valuation: UnitedHealth Group Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 472,941 495,373 486,945 465,535 299,026 362,776 - -
Change - 4.74% -1.7% -4.4% -35.77% 21.32% - -
Enterprise Value (EV) 1 495,037 514,300 519,854 513,326 349,294 409,772 406,784 405,611
Change - 3.89% 1.08% -1.26% -31.95% 17.31% -0.73% -0.29%
P/E ratio 27.8x 25x 22.1x 32.6x 25x 23.3x 20.4x 17.4x
PBR 6.28x 6.18x 5.48x 5x - 3.45x 3.22x 2.98x
PEG - 1.5x 1.7x -0.9x -1.7x 0.8x 1.4x 1x
Capitalization / Revenue 1.64x 1.53x 1.31x 1.16x 0.67x 0.82x 0.79x 0.75x
EV / Revenue 1.72x 1.59x 1.4x 1.28x 0.78x 0.92x 0.89x 0.84x
EV / EBITDA 18.3x 16.2x 14.3x 14.1x 15x 14.5x 13x 11.4x
EV / EBIT 20.7x 18.1x 16.1x 15.9x 18.4x 17.2x 15.4x 13.3x
EV / FCF 24.9x 22x 20.2x 24.8x 21.7x 19.7x 21.9x 19.9x
FCF Yield 4.02% 4.55% 4.94% 4.03% 4.6% 5.08% 4.56% 5.02%
Dividend per Share 2 5.6 6.4 7.29 8.18 - 8.855 9.303 9.936
Rate of return 1.12% 1.21% 1.38% 1.62% - 2.22% 2.33% 2.49%
EPS 2 18.08 21.18 23.86 15.51 13.23 17.13 19.6 22.89
Distribution rate 31% 30.2% 30.6% 52.7% - 51.7% 47.5% 43.4%
Net sales 1 287,597 324,162 371,622 400,278 447,567 444,416 456,499 483,739
EBITDA 1 27,073 31,835 36,330 36,386 23,325 28,274 31,262 35,654
EBIT 1 23,970 28,435 32,358 32,287 18,964 23,889 26,462 30,529
Net income 1 17,285 20,120 22,381 14,405 12,056 15,542 18,009 20,635
Net Debt 1 22,096 18,927 32,909 47,791 50,268 46,995 44,008 42,834
Reference price 2 502.14 530.18 526.47 505.86 330.11 399.47 399.47 399.47
Nbr of stocks (in thousands) 941,851 934,349 924,925 920,284 905,839 908,144 - -
Announcement Date 19/01/22 13/01/23 12/01/24 16/01/25 27/01/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
23.32x0.92x14.49x2.22% 363B
20.3x0.59x11.45x1.67% 90.24B
11.45x0.33x7.17x2.13% 76.58B
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

  1. Stock Market
  2. Equities
  3. UNH Stock
  4. Valuation UnitedHealth Group Inc.