Alignment Healthcare, Inc. (ALHC) vs Cigna Group (CI)

Alignment Healthcare, Inc. and Cigna Group are both Healthcare Plans companies. Cigna Group is the larger, with a market value of $78.0B against $1.5B — 53.4× the size. Cigna Group trades at the lower P/E: 12.2× against 46.4×. Alignment Healthcare, Inc. grew revenue faster over the last twelve months: 35.9% against 7.77%. Cigna Group has the higher net margin (2.27% vs 0.59%) and the higher return on invested capital (9.09% vs 0.00%). Across the 22 metrics below, Cigna Group leads on 15 and Alignment Healthcare, Inc. on 7.

Valuation

Metric ALHC CI Healthcare Plans median
P/E 46.37 12.24 22.86
P/S 0.30 0.28 0.39
P/B 5.28 1.81 2.57
Price to free cash flow 19.00 8.54 13.78
EV/EBITDA 13.66 8.15 11.21
EV/Sales 0.21 0.37 0.38
Earnings yield 2.16% 8.17% 3.81%
Free cash flow yield 5.26% 11.71% 6.79%

Profitability

Metric ALHC CI Healthcare Plans median
Gross margin 11.93% 88.51% 19.37%
Operating margin 0.88% 3.53% 1.93%
Net margin 0.59% 2.27% 1.03%
Free cash flow margin 1.56% 3.23% 2.92%
Return on equity 13.18% 15.40% 9.19%
Return on assets 2.41% 4.16% 2.40%
Return on invested capital 0.00% 9.09% 4.25%

Growth

Metric ALHC CI Healthcare Plans median
Revenue growth (TTM) 35.87% 7.77% 7.57%
EPS growth (last fiscal year) 100.00% 83.00% (8.27%)
Revenue growth, 5-year CAGR 32.71% 11.38% 11.88%
Net income growth, 5-year CAGR 0.00% (6.77%) 0.00%

Health

Metric ALHC CI Healthcare Plans median
Debt to equity 1.17 0.74 0.69
Current ratio 1.71 0.74 1.32
Net debt to EBITDA (6.15) 1.99 0.05

Dividend

Metric ALHC CI Healthcare Plans median
Dividend yield — 2.09% 2.09%
Payout ratio — 0.26 0.33

Size

Metric ALHC CI Healthcare Plans median
Market cap 1.46b 78.00b 22.29b

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