Clover Health Investments, Corp. (CLOV) vs CVS Health Corporation (CVS)

Clover Health Investments, Corp. and CVS Health Corporation are both Healthcare Plans companies. CVS Health Corporation is the larger, with a market value of $108.5B against $2.5B — 43.7× the size. Clover Health Investments, Corp. has negative trailing earnings, so its P/E is not meaningful; CVS Health Corporation trades at 23.3×. Clover Health Investments, Corp. grew revenue faster over the last twelve months: 54.0% against 7.36%. CVS Health Corporation has the higher net margin (1.18% vs −0.74%) and the higher return on invested capital (4.07% vs −8.62%). Across the 20 metrics below, CVS Health Corporation leads on 13 and Clover Health Investments, Corp. on 7.

Valuation

Metric CLOV CVS Healthcare Plans median
P/E n/m 23.27 23.75
P/S 0.95 0.27 0.40
P/B 6.26 1.43 2.48
Price to free cash flow 31.72 9.70 11.15
EV/EBITDA n/m 8.71 10.94
EV/Sales 0.85 0.39 0.37
Earnings yield (1.11%) 4.30% 3.25%
Free cash flow yield 3.15% 10.31% 8.15%

Profitability

Metric CLOV CVS Healthcare Plans median
Gross margin 18.57% 44.49% 19.04%
Operating margin (0.74%) 2.00% 1.93%
Net margin (0.74%) 1.18% 1.04%
Free cash flow margin 3.00% 2.83% 3.18%
Return on equity (5.10%) 6.21% 12.48%
Return on assets (2.84%) 1.91% 2.98%
Return on invested capital (8.62%) 4.07% 2.04%

Growth

Metric CLOV CVS Healthcare Plans median
Revenue growth (TTM) 54.03% 7.36% 7.57%
EPS growth (last fiscal year) (70.00%) (62.02%) —
Revenue growth, 5-year CAGR 23.39% 8.39% 11.88%
Net income growth, 5-year CAGR 0.00% (24.44%) 0.00%

Health

Metric CLOV CVS Healthcare Plans median
Debt to equity 0.00 0.77 0.70
Current ratio 1.50 0.87 1.32
Net debt to EBITDA 1.40 3.60 0.05

Dividend

Metric CLOV CVS Healthcare Plans median
Dividend yield — 3.30% 1.53%
Payout ratio 0.00 1.05 0.00

Size

Metric CLOV CVS Healthcare Plans median
Market cap 2.48b 108.46b 20.34b

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