Cigna Enterprise Value vs Net Income Per Employee Analysis
CI Stock | USD 353.18 0.79 0.22% |
Trend analysis of Cigna Corp balance sheet accounts such as Short Long Term Debt Total of 33.1 B or Total Stockholder Equity of 48.5 B provides information on Cigna Corp's total assets, liabilities, and equity, which is the actual value of Cigna Corp to its prevalent stockholders. By breaking down trends over time using Cigna Corp balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
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About Cigna Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Cigna Corp at a specified time, usually calculated after every quarter, six months, or one year. Cigna Corp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Cigna Corp and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Cigna currently owns. An asset can also be divided into two categories, current and non-current.
Cigna Corp Balance Sheet Chart
Cigna Corp Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Cigna Corp uses and utilizes its capital. It also shows what exactly a company owns and owes.
As of now, Cigna Corp's Retained Earnings are increasing as compared to previous years. The Cigna Corp's current Common Stock Shares Outstanding is estimated to increase to about 365.5 M, while Total Assets are projected to decrease to under 89 B. Add Fundamental
Total Assets
Total assets refers to the total amount of Cigna Corp assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Cigna Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.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 Profit | 140.7B | 148.4B | 158.9B | 166.8B | Total Revenue | 174.3B | 180.6B | 195.2B | 204.9B |
Cigna Corp fundamental ratios Correlations
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Cigna Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Cigna Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 155.8B | 155.5B | 154.9B | 143.9B | 147.9B | 89.0B | |
Short Long Term Debt Total | 37.4B | 32.9B | 33.7B | 31.1B | 31.5B | 33.1B | |
Total Stockholder Equity | 45.3B | 50.3B | 47.1B | 44.9B | 46.2B | 48.5B | |
Net Debt | 32.8B | 22.7B | 28.6B | 25.2B | 23.7B | 24.8B | |
Retained Earnings | 20.2B | 28.6B | 32.6B | 37.9B | 41.7B | 43.7B | |
Other Assets | 47.9B | 41.2B | 44.0B | 32.2B | 37.0B | 23.6B | |
Common Stock Shares Outstanding | 379.8M | 368.4M | 341.0M | 313.1M | 296.9M | 365.5M | |
Liabilities And Stockholders Equity | 155.8B | 155.5B | 154.9B | 143.9B | 147.9B | 89.0B | |
Non Current Liabilities Total | 41.3B | 38.5B | 39.5B | 10.8B | 52.9B | 55.5B | |
Other Stockholder Equity | 26.1B | 22.6B | 15.4B | 8.4B | 6.4B | 6.8B | |
Total Liab | 110.4B | 105.1B | 107.7B | 99.0B | 101.6B | 74.9B | |
Total Current Liabilities | 21.1B | 22.2B | 9.2B | 10.8B | 48.7B | 51.2B | |
Property Plant And Equipment Net | 4.4B | 4.2B | 4.0B | 3.8B | 4.1B | 4.3B | |
Non Current Assets Total | 86.5B | 85.4B | 84.8B | 83.0B | 110.6B | 116.1B | |
Non Currrent Assets Other | (1.3B) | (1.3B) | (1.7B) | (1.1B) | (10.4B) | (10.9B) | |
Cash And Short Term Investments | 5.6B | 11.5B | 6.0B | 6.8B | 8.7B | 14.4B | |
Net Receivables | 15.8B | 17.4B | 20.1B | 22.0B | 23.7B | 24.9B | |
Short Term Investments | 937M | 1.3B | 920M | 905M | 925M | 878.8M | |
Other Current Assets | 11.8B | 2.3B | 12.3B | 2.2B | 37.4B | 27.7B | |
Property Plant And Equipment Gross | 1.6B | 4.6B | 4.4B | 4.2B | 4.8B | 5.1B | |
Total Current Assets | 21.4B | 28.9B | 26.1B | 28.8B | 37.4B | 48.7B | |
Short Term Debt | 5.5B | 3.4B | 2.5B | 3.0B | 2.9B | 3.0B | |
Intangible Assets | 36.6B | 35.2B | 34.1B | 32.5B | 30.9B | 32.4B | |
Accounts Payable | 15.5B | 18.8B | 6.7B | 7.8B | 8.6B | 8.5B | |
Cash | 4.6B | 10.2B | 5.1B | 5.9B | 7.8B | 8.2B | |
Good Will | 44.5B | 44.6B | 44.6B | 45.8B | 44.3B | 46.5B | |
Accumulated Other Comprehensive Income | (941M) | (861M) | (884M) | (1.4B) | (1.9B) | (1.8B) | |
Other Liab | 37.9B | 39.5B | 33.0B | 29.3B | 26.4B | 29.0B | |
Long Term Debt | 31.8B | 29.5B | 31.1B | 28.0B | 28.2B | 29.6B | |
Treasury Stock | (2.2B) | (6.4B) | (14.2B) | (21.8B) | (19.7B) | (18.7B) | |
Property Plant Equipment | 5.0B | 4.2B | 3.7B | 4.1B | 4.8B | 5.0B | |
Retained Earnings Total Equity | 20.2B | 28.6B | 32.6B | 37.9B | 43.6B | 45.7B | |
Inventory | 2.7B | 3.2B | 3.7B | 4.8B | 5.6B | 5.9B | |
Deferred Long Term Liab | 9.4B | 8.9B | 8.3B | 7.8B | 8.9B | 9.4B | |
Other Current Liab | (21.1B) | (22.2B) | (9.2B) | (10.8B) | 37.3B | 39.1B | |
Net Tangible Assets | (35.8B) | (29.4B) | (32.8B) | (33.4B) | (30.0B) | (28.5B) |
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 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.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 Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.
Complementary Tools for Cigna Stock analysis
When running Cigna Corp's price analysis, check to measure Cigna Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cigna Corp is operating at the current time. Most of Cigna Corp's value examination focuses on studying past and present price action to predict the probability of Cigna Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cigna Corp's price. Additionally, you may evaluate how the addition of Cigna Corp to your portfolios can decrease your overall portfolio volatility.
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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.