Cigna Enterprise Value vs Invested Capital Analysis

CI Stock  USD 348.90  0.94  0.27%   
Cigna Corp financial indicator trend analysis is way more than just evaluating Cigna Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cigna Corp is a good investment. Please check the relationship between Cigna Corp Enterprise Value and its Invested Capital accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cigna Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For more detail on how to invest in Cigna Stock please use our How to Invest in Cigna Corp guide.

Enterprise Value vs Invested Capital

Enterprise Value vs Invested Capital Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cigna Corp Enterprise Value account and Invested Capital. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Cigna Corp's Enterprise Value and Invested Capital is 0.59. Overlapping area represents the amount of variation of Enterprise Value that can explain the historical movement of Invested Capital in the same time period over historical financial statements of Cigna Corp, assuming nothing else is changed. The correlation between historical values of Cigna Corp's Enterprise Value and Invested Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Enterprise Value of Cigna Corp are associated (or correlated) with its Invested Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Invested Capital has no effect on the direction of Enterprise Value i.e., Cigna Corp's Enterprise Value and Invested Capital go up and down completely randomly.

Correlation Coefficient

0.59
Relationship DirectionPositive 
Relationship StrengthWeak

Enterprise Value

Enterprise Value (or EV) is usually referred to as Cigna Corp theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Cigna Corp debt, but would also pocket its cash. Enterprise Value is more accurate representation of Cigna Corp value than its market capitalization because it takes into account all of Cigna Corp existing debt. A measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization that includes the market capitalization, plus total debt, minority interest and preferred shares, minus total cash and cash equivalents.

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Cigna Corp. There are two different methods for calculating Cigna Corp invested capital: operating approach and financing approach. Understanding Cigna Corp invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed.
Most indicators from Cigna Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cigna Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cigna Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For more detail on how to invest in Cigna Stock please use our How to Invest in Cigna Corp guide.As of now, Cigna Corp's Enterprise Value Multiple is increasing as compared to previous years. The Cigna Corp's current Enterprise Value is estimated to increase to about 120.7 B, while Selling General Administrative is projected to decrease to under 10.2 B.
 2021 2022 2023 2024 (projected)
Gross Profit140.7B148.4B158.9B166.8B
Total Revenue174.3B180.6B195.2B204.9B

Cigna Corp fundamental ratios Correlations

0.940.930.940.660.660.010.790.870.990.460.930.880.930.050.77-0.23-0.60.9-0.590.90.950.580.660.94-0.94
0.940.970.990.720.630.00.90.870.970.610.990.960.930.10.84-0.26-0.50.97-0.450.930.990.570.70.98-0.97
0.930.970.930.850.570.020.880.780.940.680.980.980.90.130.91-0.29-0.60.98-0.570.910.970.520.810.99-0.98
0.940.990.930.650.670.020.870.890.960.550.970.920.920.090.8-0.21-0.470.95-0.410.920.980.550.590.96-0.95
0.660.720.850.650.26-0.080.720.330.670.780.770.860.630.090.93-0.38-0.470.84-0.530.650.740.130.820.82-0.8
0.660.630.570.670.260.30.550.710.680.240.610.550.480.380.40.27-0.280.57-0.080.610.640.450.30.59-0.64
0.010.00.020.02-0.080.30.030.120.03-0.03-0.020.07-0.040.91-0.070.89-0.4-0.01-0.110.170.09-0.150.060.05-0.07
0.790.90.880.870.720.550.030.730.830.820.910.930.730.190.8-0.22-0.250.92-0.290.820.890.490.720.89-0.88
0.870.870.780.890.330.710.120.730.890.310.840.720.840.120.53-0.08-0.50.76-0.370.860.860.770.470.8-0.81
0.990.970.940.960.670.680.030.830.890.50.960.90.940.090.79-0.21-0.580.93-0.550.920.970.580.660.96-0.95
0.460.610.680.550.780.24-0.030.820.310.50.680.780.370.20.79-0.25-0.060.75-0.160.580.60.270.70.66-0.66
0.930.990.980.970.770.61-0.020.910.840.960.680.970.90.090.89-0.3-0.510.99-0.480.930.980.580.730.99-0.98
0.880.960.980.920.860.550.070.930.720.90.780.970.840.210.92-0.22-0.480.99-0.460.890.960.430.80.98-0.97
0.930.930.90.920.630.48-0.040.730.840.940.370.90.84-0.030.72-0.33-0.670.86-0.630.880.930.570.650.91-0.88
0.050.10.130.090.090.380.910.190.120.090.20.090.21-0.030.070.85-0.270.120.090.170.19-0.130.250.15-0.18
0.770.840.910.80.930.4-0.070.80.530.790.790.890.920.720.07-0.34-0.460.93-0.460.750.840.290.710.9-0.9
-0.23-0.26-0.29-0.21-0.380.270.89-0.22-0.08-0.21-0.25-0.3-0.22-0.330.85-0.34-0.05-0.290.28-0.16-0.18-0.31-0.26-0.240.2
-0.6-0.5-0.6-0.47-0.47-0.28-0.4-0.25-0.5-0.58-0.06-0.51-0.48-0.67-0.27-0.46-0.05-0.480.82-0.63-0.58-0.3-0.53-0.590.57
0.90.970.980.950.840.57-0.010.920.760.930.750.990.990.860.120.93-0.29-0.48-0.460.90.970.490.760.99-0.98
-0.59-0.45-0.57-0.41-0.53-0.08-0.11-0.29-0.37-0.55-0.16-0.48-0.46-0.630.09-0.460.280.82-0.46-0.61-0.5-0.23-0.51-0.530.5
0.90.930.910.920.650.610.170.820.860.920.580.930.890.880.170.75-0.16-0.630.9-0.610.940.610.660.92-0.92
0.950.990.970.980.740.640.090.890.860.970.60.980.960.930.190.84-0.18-0.580.97-0.50.940.540.730.99-0.98
0.580.570.520.550.130.45-0.150.490.770.580.270.580.430.57-0.130.29-0.31-0.30.49-0.230.610.540.450.49-0.5
0.660.70.810.590.820.30.060.720.470.660.70.730.80.650.250.71-0.26-0.530.76-0.510.660.730.450.76-0.73
0.940.980.990.960.820.590.050.890.80.960.660.990.980.910.150.9-0.24-0.590.99-0.530.920.990.490.76-0.99
-0.94-0.97-0.98-0.95-0.8-0.64-0.07-0.88-0.81-0.95-0.66-0.98-0.97-0.88-0.18-0.90.20.57-0.980.5-0.92-0.98-0.5-0.73-0.99
Click cells to compare fundamentals

Cigna Corp Account Relationship Matchups

Cigna Corp fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets155.8B155.5B154.9B143.9B147.9B89.0B
Short Long Term Debt Total37.4B32.9B33.7B31.1B31.5B33.1B
Total Stockholder Equity45.3B50.3B47.1B44.9B46.2B48.5B
Net Debt32.8B22.7B28.6B25.2B23.7B24.8B
Retained Earnings20.2B28.6B32.6B37.9B41.7B43.7B
Other Assets47.9B41.2B44.0B32.2B37.0B23.6B
Common Stock Shares Outstanding379.8M368.4M341.0M313.1M296.9M365.5M
Liabilities And Stockholders Equity155.8B155.5B154.9B143.9B147.9B89.0B
Non Current Liabilities Total41.3B38.5B39.5B10.8B52.9B55.5B
Other Stockholder Equity26.1B22.6B15.4B8.4B6.4B6.8B
Total Liab110.4B105.1B107.7B99.0B101.6B74.9B
Total Current Liabilities21.1B22.2B9.2B10.8B48.7B51.2B
Property Plant And Equipment Net4.4B4.2B4.0B3.8B4.1B4.3B
Non Current Assets Total86.5B85.4B84.8B83.0B110.6B116.1B
Non Currrent Assets Other(1.3B)(1.3B)(1.7B)(1.1B)(10.4B)(10.9B)
Cash And Short Term Investments5.6B11.5B6.0B6.8B8.7B14.4B
Net Receivables15.8B17.4B20.1B22.0B23.7B24.9B
Short Term Investments937M1.3B920M905M925M878.8M
Other Current Assets11.8B2.3B12.3B2.2B37.4B27.7B
Property Plant And Equipment Gross1.6B4.6B4.4B4.2B4.8B5.1B
Total Current Assets21.4B28.9B26.1B28.8B37.4B48.7B
Short Term Debt5.5B3.4B2.5B3.0B2.9B3.0B
Intangible Assets36.6B35.2B34.1B32.5B30.9B32.4B
Accounts Payable15.5B18.8B6.7B7.8B8.6B8.5B
Cash4.6B10.2B5.1B5.9B7.8B8.2B
Good Will44.5B44.6B44.6B45.8B44.3B46.5B
Accumulated Other Comprehensive Income(941M)(861M)(884M)(1.4B)(1.9B)(1.8B)
Other Liab37.9B39.5B33.0B29.3B26.4B29.0B
Long Term Debt31.8B29.5B31.1B28.0B28.2B29.6B
Treasury Stock(2.2B)(6.4B)(14.2B)(21.8B)(19.7B)(18.7B)
Property Plant Equipment5.0B4.2B3.7B4.1B4.8B5.0B
Retained Earnings Total Equity20.2B28.6B32.6B37.9B43.6B45.7B
Inventory2.7B3.2B3.7B4.8B5.6B5.9B
Deferred Long Term Liab9.4B8.9B8.3B7.8B8.9B9.4B
Other Current Liab(21.1B)(22.2B)(9.2B)(10.8B)37.3B39.1B
Net Tangible Assets(35.8B)(29.4B)(32.8B)(33.4B)(30.0B)(28.5B)

Cigna Corp Investors Sentiment

The influence of Cigna Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Cigna. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Cigna Corp's public news can be used to forecast risks associated with an investment in Cigna. The trend in average sentiment can be used to explain how an investor holding Cigna can time the market purely based on public headlines and social activities around Cigna Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Cigna Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Cigna Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Cigna Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cigna Corp.

Cigna Corp Implied Volatility

    
  38.47  
Cigna Corp's implied volatility exposes the market's sentiment of Cigna Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Cigna Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Cigna Corp stock will not fluctuate a lot when Cigna Corp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cigna Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cigna Corp's short interest history, or implied volatility extrapolated from Cigna Corp options trading.

Pair Trading with Cigna Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cigna Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cigna Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Cigna Stock

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Moving against Cigna Stock

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The ability to find closely correlated positions to Cigna Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cigna Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cigna Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cigna Corp to buy it.
The correlation of Cigna Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cigna Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cigna Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cigna Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Cigna Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cigna Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cigna Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cigna Corp Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cigna Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
For more detail on how to invest in Cigna Stock please use our How to Invest in Cigna Corp guide.
You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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Is Cigna Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cigna Corp. If investors know Cigna will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cigna Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.10)
Dividend Share
4.92
Earnings Share
17.38
Revenue Per Share
664.145
Quarterly Revenue Growth
0.116
The market value of Cigna Corp is measured differently than its book value, which is the value of Cigna that is recorded on the company's balance sheet. Investors also form their own opinion of Cigna Corp's value that differs from its market value or its book value, called intrinsic value, which is Cigna Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cigna Corp's market value can be influenced by many factors that don't directly affect Cigna Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cigna Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Cigna Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cigna Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.