Company Valuation: Cigna

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 76,106 101,304 87,625 76,809 73,521 76,601 - -
Change - 33.11% -13.5% -12.34% -4.28% 4.19% - -
Enterprise Value (EV) 1 104,695 126,473 110,733 101,231 97,308 95,274 92,573 85,491
Change - 20.8% -12.45% -8.58% -3.88% -2.09% -2.83% -7.65%
P/E 14.6x 15.6x 17.2x 22.8x 12.4x 11.5x 10x 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 0.9x 0.7x 0.92x
Capitalization / Revenue 0.44x 0.56x 0.45x 0.31x 0.27x 0.27x 0.26x 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 7.14x 6.39x 5.62x
EV / EBIT 13.2x 15x 13x 10.7x 10.6x 9.6x 8.39x 7.52x
EV / FCF 17.3x 17.2x 10.8x 11.3x 11.6x 10.5x 9.11x 8.33x
FCF Yield 5.77% 5.82% 9.25% 8.85% 8.62% 9.48% 11% 12%
Dividend per Share 2 4 4.48 4.92 5.6 6.04 6.178 6.447 6.75
Rate of return 1.74% 1.35% 1.64% 2.03% 2.19% 2.13% 2.23% 2.33%
EPS 2 15.73 21.3 17.39 12.12 22.18 25.15 28.95 31.8
Distribution rate 25.4% 21% 28.3% 46.2% 27.2% 24.6% 22.3% 21.2%
Net sales 1 174,078 180,642 195,322 247,099 274,900 284,495 297,064 313,309
EBITDA 1 11,118 11,522 11,980 12,083 12,351 13,343 14,484 15,215
EBIT 1 7,935 8,414 8,536 9,417 9,200 9,928 11,028 11,376
Net income 1 5,365 6,668 5,164 3,434 5,957 6,597 7,699 7,824
Net Debt 1 28,589 25,169 23,108 24,422 23,787 18,673 15,973 8,890
Reference price 2 229.63 331.34 299.45 276.14 275.23 289.57 289.57 289.57
Nbr of stocks (in thousands) 331,428 305,739 292,620 278,153 267,126 264,532 - -
Announcement Date 2/3/22 2/3/23 2/2/24 1/30/25 2/5/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.51x0.33x7.14x2.13% 76.6B
22.91x0.96x14.52x2.15% 382B
18.22x0.53x10.05x1.82% 81.91B
45.21x0.34x19.91x0.91% 46.74B
25.13x0.15x13.5x-.--% 31.31B
67.06x0.21x12.82x-.--% 10.29B
101.56x0.69x23.13x-.--% 4.02B
24.17x1.64x9.51x-.--% 2.44B
45.95x2.57x13.56x0.6% 264M
Average 40.19x 0.83x 13.79x 0.85% 70.63B
Weighted average by Cap. 23.91x 0.73x 13.41x 1.85%

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