Company Valuation: Elevance Health, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 112,508 122,511 110,797 85,556 77,906 84,765 - -
Change - 8.89% -9.56% -22.78% -8.94% 8.8% - -
Enterprise Value (EV) 1 130,384 139,238 129,391 108,500 100,461 108,871 107,546 106,776
Change - 6.79% -7.07% -16.15% -7.41% 8.37% -1.22% -0.72%
P/E 18.7x 20.7x 18.7x 14.4x 13.9x 19.3x 14.4x 12.1x
PBR 3.17x 3.36x 2.85x 2.08x 1.79x 1.89x 1.7x 1.52x
PEG - 63.99x 11.32x 7.89x -7.59x -1x 0.4x 0.7x
Capitalization / Revenue 0.82x 0.79x 0.65x 0.49x 0.39x 0.43x 0.42x 0.4x
EV / Revenue 0.95x 0.89x 0.76x 0.62x 0.51x 0.56x 0.54x 0.5x
EV / EBITDA 13x 12.7x 10.7x 8.9x 9.5x 10.4x 10.1x 9.43x
EV / EBIT 14.2x 13.9x 11.5x 9.54x 10.4x 12.3x 11.4x 9.88x
EV / FCF 17.9x 19.2x 19.1x 23.8x 31.7x 21.5x 17.7x 15.5x
FCF Yield 5.58% 5.2% 5.23% 4.2% 3.16% 4.66% 5.66% 6.45%
Dividend per Share 2 4.52 5.12 5.92 6.52 6.84 6.922 7.291 7.771
Rate of return 0.98% 1% 1.26% 1.77% 1.95% 1.77% 1.87% 1.99%
EPS 2 24.73 24.81 25.22 25.68 25.21 20.27 27.12 32.16
Distribution rate 18.3% 20.6% 23.5% 25.4% 27.1% 34.1% 26.9% 24.2%
Net sales 1 136,943 155,660 170,209 175,204 197,584 195,770 200,109 211,440
EBITDA 1 10,011 10,924 12,114 12,191 10,574 10,432 10,646 11,325
EBIT 1 9,150 10,016 11,254 11,378 9,656 8,836 9,394 10,807
Net income 1 6,104 6,025 5,987 5,980 5,662 4,479 5,840 6,649
Net Debt 1 17,876 16,727 18,594 22,944 22,555 24,106 22,781 22,011
Reference price 2 463.54 512.97 471.56 368.90 350.55 390.33 390.33 390.33
Nbr of stocks (in thousands) 242,715 238,828 234,959 231,923 222,239 217,162 - -
Announcement Date 26/1/22 25/1/23 24/1/24 23/1/25 28/1/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
19.74x0.56x10.22x1.78% 84.76B
24.31x0.96x14.99x2.12% 380B
11.93x0.34x7.3x2.07% 78.78B
48.68x0.36x20.7x0.87% 48.96B
26.85x0.15x14.26x-.--% 32.89B
70.18x0.24x15.88x-.--% 12.16B
109.4x0.75x25.13x-.--% 4.33B
356.44x0.79x39.45x-.--% 2.46B
25.08x1.71x9.89x-.--% 2.53B
48.09x2.7x14.24x0.58% 276M
Average 74.07x 0.86x 17.21x 0.74% 64.72B
Weighted average by Cap. 26.89x 0.74x 13.98x 1.79%

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.