CVS Health Corporation (CVS) vs Elevance Health, Inc. (ELV)

CVS Health Corporation and Elevance Health, Inc. are both Healthcare Plans companies. CVS Health Corporation is the larger, with a market value of $104.0B against $93.3B — 1.1× the size. CVS Health Corporation trades at the lower P/E: 9.6× against 18.2×. CVS Health Corporation grew revenue faster over the last twelve months: 6.73% against 3.60%. CVS Health Corporation has the higher net margin (2.62% vs 2.55%) and the lower return on invested capital (7.44% vs 12.8%). Both pay a dividend; CVS Health Corporation yields more (3.19% vs 1.61%). Across the 23 metrics below, CVS Health Corporation leads on 15 and Elevance Health, Inc. on 8.

Valuation

Metric CVS ELV Healthcare Plans median
P/E 9.64 18.17 22.50
P/S 0.25 0.46 0.40
P/B 1.33 2.06 2.77
Price to free cash flow 6.87 14.16 14.76
EV/EBITDA 7.80 9.27 12.61
EV/Sales 0.36 0.42 0.36
Earnings yield 10.37% 5.50% 3.79%
Free cash flow yield 14.55% 7.06% 6.62%

Profitability

Metric CVS ELV Healthcare Plans median
Gross margin 44.24% 15.47% 19.35%
Operating margin 3.58% 3.81% 2.48%
Net margin 2.62% 2.55% 1.45%
Free cash flow margin 3.70% 3.23% 3.26%
Return on equity 14.35% 11.56% 13.58%
Return on assets 4.30% 4.10% 3.11%
Return on invested capital 7.44% 12.76% 5.93%

Growth

Metric CVS ELV Healthcare Plans median
Revenue growth (TTM) 6.73% 3.60% 6.77%
EPS growth (last fiscal year) (62.02%) (1.83%) (8.27%)
Revenue growth, 5-year CAGR 8.39% 10.32% 11.88%
Net income growth, 5-year CAGR (24.44%) 4.37% 0.00%

Health

Metric CVS ELV Healthcare Plans median
Debt to equity 0.75 0.69 0.67
Current ratio 0.85 1.47 1.32
Net debt to EBITDA 3.60 (0.44) 0.05

Dividend

Metric CVS ELV Healthcare Plans median
Dividend yield 3.19% 1.61% 2.11%
Payout ratio 0.31 0.29 0.31

Size

Metric CVS ELV Healthcare Plans median
Market cap 104.02b 93.34b 24.02b

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