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 75,839 - -
Change - 33.11% -13.5% -12.34% -4.28% 3.15% - -
Enterprise Value (EV) 1 104,695 126,473 110,733 101,231 97,308 94,431 91,380 84,966
Change - 20.8% -12.45% -8.58% -3.88% -2.96% -3.23% -7.02%
P/E ratio 14.6x 15.6x 17.2x 22.8x 12.4x 11.3x 9.84x 8.91x
PBR 1.57x 2.21x 1.89x 1.84x 1.74x 1.7x 1.57x 1.28x
PEG - 0.4x -0.9x -0.8x 0.1x 0.8x 0.6x 0.9x
Capitalization / Revenue 0.44x 0.56x 0.45x 0.31x 0.27x 0.27x 0.25x 0.24x
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 7.11x 6.35x 5.66x
EV / EBIT 13.2x 15x 13x 10.7x 10.6x 9.61x 8.36x 7.66x
EV / FCF 17.3x 17.2x 10.8x 11.3x - 10.4x 9.04x 8.4x
FCF Yield 5.77% 5.82% 9.25% 8.85% - 9.57% 11.1% 11.9%
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% - 2.15% 2.25% 2.35%
EPS 2 15.73 21.3 17.39 12.12 22.18 25.3 29.15 32.16
Distribution rate 25.4% 21% 28.3% 46.2% - 24.4% 22.1% 21%
Net sales 1 174,078 180,642 195,322 247,099 274,900 284,004 297,643 311,937
EBITDA 1 11,118 11,522 11,980 12,083 12,351 13,286 14,385 15,013
EBIT 1 7,935 8,414 8,536 9,417 9,200 9,823 10,933 11,093
Net income 1 5,365 6,668 5,164 3,434 5,957 6,622 7,728 7,884
Net Debt 1 28,589 25,169 23,108 24,422 23,787 18,592 15,541 9,127
Reference price 2 229.63 331.34 299.45 276.14 275.23 286.69 286.69 286.69
Nbr of stocks (in thousands) 331,428 305,739 292,620 278,153 267,126 264,532 - -
Announcement Date 2/3/22 A 2/3/23 A 2/2/24 A 1/30/25 A 2/5/26 A - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.28x0.33x7.08x2.17% 75.46B
23x0.91x14.31x2.25% 358B
19.18x0.56x10.95x1.77% 85.28B
37.42x0.28x16.44x1.17% 36.63B
23.62x0.13x12.43x-.--% 28.77B
53.35x0.19x12.22x-.--% 9.64B
82.22x0.54x18.19x-.--% 3.25B
236.05x0.58x29.21x-.--% 1.83B
17.88x1.2x6.96x-.--% 1.82B
52x2.94x15.5x0.53% 300M
Average 55.60x 0.77x 14.33x 0.79% 60.07B
Weighted average by Cap. 23.35x 0.70x 12.97x 1.93%

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