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 73,416 - -
Change - 33.11% -13.5% -12.34% -4.28% -0.14% - -
Enterprise Value (EV) 1 104,695 126,473 110,733 101,231 97,308 93,708 89,362 84,830
Change - 20.8% -12.45% -8.58% -3.88% -3.7% -4.64% -5.07%
P/E ratio 14.6x 15.6x 17.2x 22.8x 12.4x 11.5x 9.99x 9.09x
PBR 1.57x 2.21x 1.89x 1.84x 1.74x 1.64x 1.52x 1.25x
PEG - 0.4x -0.9x -0.8x 0.1x 1.23x 0.7x 0.91x
Capitalization / Revenue 0.44x 0.56x 0.45x 0.31x 0.27x 0.26x 0.25x 0.23x
EV / Revenue 0.6x 0.7x 0.57x 0.41x 0.35x 0.33x 0.3x 0.27x
EV / EBITDA 9.42x 11x 9.24x 8.38x 7.88x 7.21x 6.32x 5.73x
EV / EBIT 13.2x 15x 13x 10.7x 10.6x 9.7x 8.66x 7.73x
EV / FCF 17.3x 17.2x 10.8x 11.3x - 10.3x 8.78x 7.94x
FCF Yield 5.77% 5.82% 9.25% 8.85% - 9.75% 11.4% 12.6%
Dividend per Share 2 4 4.48 4.92 5.6 - 6.215 6.488 6.775
Rate of return 1.74% 1.35% 1.64% 2.03% - 2.23% 2.33% 2.43%
EPS 2 15.73 21.3 17.39 12.12 22.18 24.25 27.87 30.64
Distribution rate 25.4% 21% 28.3% 46.2% - 25.6% 23.3% 22.1%
Net sales 1 174,078 180,642 195,322 247,099 274,900 282,786 299,260 315,448
EBITDA 1 11,118 11,522 11,980 12,083 12,351 13,004 14,136 14,792
EBIT 1 7,935 8,414 8,536 9,417 9,200 9,661 10,314 10,980
Net income 1 5,365 6,668 5,164 3,434 5,957 6,465 7,481 7,784
Net Debt 1 28,589 25,169 23,108 24,422 23,787 20,292 15,945 11,413
Reference price 2 229.63 331.34 299.45 276.14 275.23 278.45 278.45 278.45
Nbr of stocks (in thousands) 331,428 305,739 292,620 278,153 267,126 263,661 - -
Announcement Date 2/3/22 2/3/23 2/2/24 1/30/25 2/5/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.48x0.33x7.21x2.23% 73.42B
18.27x0.73x11.69x2.87% 279B
13.23x0.47x9.15x2.23% 69.61B
22.31x0.21x12.56x1.98% 23.69B
19.44x0.09x9.16x-.--% 18.47B
44.46x0.15x10.15x-.--% 7.56B
163.07x0.77x26.56x-.--% 4.37B
14.14x0.82x4.84x-.--% 1.29B
-266.76x0.3x15.22x-.--% 1B
47.8x2.68x14.15x0.58% 286M
Average 8.74x 0.66x 12.07x 0.99% 47.83B
Weighted average by Cap. 17.89x 0.57x 10.68x 2.44%

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