` Comparison: CVS, CI - Alpha Spread

CVS
vs
CI

Over the past 12 months, CVS has significantly outperformed CI, delivering a return of +36% compared to the CI's 17% drop.

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CVS
CI
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Valuation Comparison

CVS Intrinsic Value
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CI Intrinsic Value
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Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
CVS Health Corp
NYSE:CVS
75.02 USD
Cigna Corp
NYSE:CI
264.9683 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
CVS, CI

Revenue
www.alphaspread.com
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
CVS Health Corp
Revenue
Cigna Corp
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
CVS, CI

Free Cash Flow
www.alphaspread.com
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
CVS Health Corp
NYSE:CVS
Cigna Corp
NYSE:CI
FCF is not applicable for financial companies
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What is Free Cash Flow?

Gross Margin

CVS
13.9%
CI
LTM 3Y Avg 5Y Avg 10Y Avg
CVS Health Corp
Cigna Corp
Not applicable for financial companies

Operating Margin

CVS
2.7%
CI
LTM 3Y Avg 5Y Avg 10Y Avg
CVS Health Corp
Cigna Corp
Not applicable for financial companies

Net Margin

CVS
0.1%
CI
2.3%
LTM 3Y Avg 5Y Avg 10Y Avg
CVS Health Corp
Cigna Corp

FCF Margin

CVS
1.6%
CI
LTM 3Y Avg 5Y Avg 10Y Avg
CVS Health Corp
Cigna Corp
Not applicable for financial companies

ROE

CVS
0.6%
CI
14.7%
LTM 3Y Avg 5Y Avg 10Y Avg
CVS Health Corp
Cigna Corp

ROA

CVS
0.2%
CI
3.9%
LTM 3Y Avg 5Y Avg 10Y Avg
CVS Health Corp
Cigna Corp

ROIC

CVS
0.9%
CI
LTM 3Y Avg 5Y Avg 10Y Avg
CVS Health Corp
Cigna Corp
Not applicable for financial companies

ROCE

CVS
6.5%
CI
LTM 3Y Avg 5Y Avg 10Y Avg
CVS Health Corp
Cigna Corp
Not applicable for financial companies

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
CVS, CI

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Performance Gap
CVS, CI

Performance Gap Between CVS and CI
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Performance By Year
CVS, CI

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