Company Valuation: Elevance Health, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 112,508 122,511 110,797 85,556 77,906 68,432 - -
Change - 8.89% -9.56% -22.78% -8.94% -12.16% - -
Enterprise Value (EV) 1 130,384 139,238 129,391 108,500 100,461 89,871 90,001 89,415
Change - 6.79% -7.07% -16.15% -7.41% -10.54% 0.14% -0.65%
P/E ratio 18.7x 20.7x 18.7x 14.4x 13.9x 13x 11.9x 9.73x
PBR 3.17x 3.36x 2.85x 2.08x 1.79x 1.44x 1.29x 1.14x
PEG - 63.99x 11.32x 7.89x -7.59x -2.62x 1.23x 0.4x
Capitalization / Revenue 0.82x 0.79x 0.65x 0.49x 0.39x 0.35x 0.34x 0.33x
EV / Revenue 0.95x 0.89x 0.76x 0.62x 0.51x 0.46x 0.45x 0.43x
EV / EBITDA 13x 12.7x 10.7x 8.9x 9.5x 9.03x 8.37x 7.82x
EV / EBIT 14.2x 13.9x 11.5x 9.54x 10.4x 10.1x 9.36x 8.04x
EV / FCF 17.9x 19.2x 19.1x 23.8x 31.7x 18.1x 15.8x 14.5x
FCF Yield 5.58% 5.2% 5.23% 4.2% 3.16% 5.53% 6.31% 6.9%
Dividend per Share 2 4.52 5.12 5.92 6.52 6.84 7.07 7.527 7.941
Rate of return 0.98% 1% 1.26% 1.77% 1.95% 2.27% 2.42% 2.55%
EPS 2 24.73 24.81 25.22 25.68 25.21 23.96 26.27 32
Distribution rate 18.3% 20.6% 23.5% 25.4% 27.1% 29.5% 28.7% 24.8%
Net sales 1 136,943 155,660 170,209 175,204 197,584 194,285 199,839 208,617
EBITDA 1 10,011 10,924 12,114 12,191 10,574 9,951 10,750 11,441
EBIT 1 9,150 10,016 11,254 11,378 9,656 8,907 9,611 11,120
Net income 1 6,104 6,025 5,987 5,980 5,662 5,245 5,608 6,652
Net Debt 1 17,876 16,727 18,594 22,944 22,555 21,439 21,569 20,983
Reference price 2 463.54 512.97 471.56 368.90 350.55 311.53 311.53 311.53
Nbr of stocks (in thousands) 242,715 238,828 234,959 231,923 222,239 219,665 - -
Announcement Date 1/26/22 1/25/23 1/24/24 1/23/25 1/28/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13x0.46x9.03x2.27% 68.43B
18.12x0.73x11.6x2.89% 276B
11.18x0.32x7.03x2.29% 71.52B
21.73x0.21x12.33x2.03% 23.07B
19.31x0.09x9.09x-.--% 18.34B
44.71x0.16x10.21x-.--% 7.6B
156.36x0.74x25.37x-.--% 4.19B
13.95x0.81x4.77x-.--% 1.28B
-269.55x0.3x15.41x-.--% 1.01B
48.18x2.71x14.27x0.58% 286M
Average 7.70x 0.65x 11.91x 1.01% 47.2B
Weighted average by Cap. 17.59x 0.57x 10.57x 2.47%

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

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  4. Valuation Elevance Health, Inc.