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 92,170 - -
Change - 8.89% -9.56% -22.78% -8.94% 18.31% - -
Enterprise Value (EV) 1 130,384 139,238 129,391 108,500 100,461 115,794 114,952 114,015
Change - 6.79% -7.07% -16.15% -7.41% 15.26% -0.73% -0.82%
P/E ratio 18.7x 20.7x 18.7x 14.4x 13.9x 20.7x 15.9x 13.6x
PBR 3.17x 3.36x 2.85x 2.08x 1.79x 2.1x 1.94x 1.78x
PEG - 63.99x 11.32x 7.89x -7.59x -1.1x 0.5x 0.8x
Capitalization / Revenue 0.82x 0.79x 0.65x 0.49x 0.39x 0.47x 0.46x 0.44x
EV / Revenue 0.95x 0.89x 0.76x 0.62x 0.51x 0.6x 0.58x 0.55x
EV / EBITDA 13x 12.7x 10.7x 8.9x 9.5x 11.6x 11.1x 10.1x
EV / EBIT 14.2x 13.9x 11.5x 9.54x 10.4x 13x 12.2x 10.2x
EV / FCF 17.9x 19.2x 19.1x 23.8x 31.7x 18.6x 19.4x 17.4x
FCF Yield 5.58% 5.2% 5.23% 4.2% 3.16% 5.36% 5.16% 5.76%
Dividend per Share 2 4.52 5.12 5.92 6.52 6.84 6.959 7.361 7.851
Rate of return 0.98% 1% 1.26% 1.77% 1.95% 1.64% 1.73% 1.85%
EPS 2 24.73 24.81 25.22 25.68 25.21 20.47 26.65 31.24
Distribution rate 18.3% 20.6% 23.5% 25.4% 27.1% 34% 27.6% 25.1%
Net sales 1 136,943 155,660 170,209 175,204 197,584 194,222 198,490 208,699
EBITDA 1 10,011 10,924 12,114 12,191 10,574 9,941 10,354 11,238
EBIT 1 9,150 10,016 11,254 11,378 9,656 8,886 9,433 11,135
Net income 1 6,104 6,025 5,987 5,980 5,662 4,498 5,707 6,532
Net Debt 1 17,876 16,727 18,594 22,944 22,555 23,624 22,782 21,844
Reference price 2 463.54 512.97 471.56 368.90 350.55 424.43 424.43 424.43
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 ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
20.42x0.59x11.51x1.66% 90.81B
23.73x0.94x14.72x2.18% 369B
11.45x0.33x7.14x2.13% 76.61B
43.65x0.32x18.53x1% 42.74B
25.84x0.15x14.06x-.--% 32.11B
59.42x0.2x13.25x-.--% 10.34B
80.24x0.53x17.68x-.--% 3.17B
298.55x0.65x32.6x-.--% 2.06B
19.99x1.35x7.81x-.--% 2.03B
Average 64.81x 0.56x 15.26x 0.77% 69.9B
Weighted average by Cap. 24.98x 0.72x 13.59x 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

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