CVS Historical Financial Ratios
CVS Stock | USD 54.59 1.72 3.05% |
CVS Health is presently reporting on over 114 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as Dividend Yield of 0.0241, PTB Ratio of 1.26 or Days Sales Outstanding of 37.74 will help investors to properly organize and evaluate CVS Health Corp financial condition quickly.
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About CVS Financial Ratios Analysis
CVS Health CorpFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate CVS Health investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on CVS financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across CVS Health history.
CVS Health Financial Ratios Chart
CVS Health Corp financial ratios usually calculated using numerical values taken directly from CVS Health financial statements such as income statements or balance sheets. They help investors to obtain meaningful information about CVS Health. Most financial ratios help to conduct quantitative analysis to assess vital information about the company's valuation as well as profitability and liquidity indicators such as leverage, growth, profit margins, and different types of rates of return.
At this time, CVS Health's Inventory Turnover is comparatively stable compared to the past year. Net Income Per Share is likely to gain to 6.82 in 2024, whereas Dividend Yield is likely to drop 0.02 in 2024. Add Fundamental
Price To Sales Ratio
Price to Sales Ratio is figured by comparing CVS Health Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on CVS Health sales, a figure that is much harder to manipulate than other CVS Health Corp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is CVS Health Corp dividend as a percentage of CVS Health stock price. CVS Health Corp dividend yield is a measure of CVS Health stock productivity, which can be interpreted as interest rate earned on an CVS Health investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Earnings Yield
The inverse of the price-to-earnings ratio, representing the percentage of each dollar invested in the stock that was earned by the company.Most ratios from CVS Health's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into CVS Health Corp current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, 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 CVS Health 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 real. At this time, CVS Health's Inventory Turnover is comparatively stable compared to the past year. Net Income Per Share is likely to gain to 6.82 in 2024, whereas Dividend Yield is likely to drop 0.02 in 2024.
2021 | 2023 | 2024 (projected) | Dividend Yield | 0.0193 | 0.0309 | 0.0241 | Price To Sales Ratio | 0.47 | 0.28 | 0.27 |
CVS Health fundamentals Correlations
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CVS Health Account Relationship Matchups
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CVS Health fundamentals Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Price To Sales Ratio | 0.35 | 0.38 | 0.33 | 0.47 | 0.28 | 0.27 | |
Ptb Ratio | 1.51 | 1.29 | 1.81 | 1.72 | 1.33 | 1.26 | |
Days Sales Outstanding | 27.89 | 29.53 | 30.53 | 30.87 | 35.94 | 37.74 | |
Book Value Per Share | 49.09 | 53.01 | 56.92 | 54.13 | 59.5 | 62.48 | |
Free Cash Flow Yield | 0.0823 | 0.0998 | 0.11 | 0.15 | 0.12 | 0.1 | |
Invested Capital | 1.39 | 1.23 | 1.01 | 1.0 | 1.04 | 1.09 | |
Operating Cash Flow Per Share | 9.88 | 12.12 | 13.85 | 12.33 | 10.45 | 10.97 | |
Capex To Depreciation | (0.75) | (0.56) | (0.55) | (0.64) | (0.69) | (0.73) | |
Pb Ratio | 1.51 | 1.29 | 1.81 | 1.72 | 1.33 | 1.26 | |
Ev To Sales | 0.7 | 0.62 | 0.69 | 0.56 | 0.48 | 0.52 | |
Free Cash Flow Per Share | 7.99 | 10.26 | 11.94 | 10.25 | 8.09 | 8.49 | |
Roic | (0.0129) | 0.0578 | 0.0664 | 0.0662 | 0.0848 | 0.066 | |
Inventory Turnover | 12.06 | 11.88 | 13.52 | 14.05 | 16.83 | 17.67 | |
Net Income Per Share | (0.57) | 5.1 | 5.48 | 6.07 | 3.29 | 6.82 | |
Days Of Inventory On Hand | 30.26 | 30.73 | 27.0 | 25.98 | 21.69 | 20.6 | |
Payables Turnover | 20.13 | 19.72 | 19.14 | 18.07 | 20.36 | 11.45 | |
Capex To Revenue | (0.009569) | (0.009069) | (0.008627) | (0.008457) | (0.008472) | (0.008895) | |
Cash Per Share | 6.19 | 8.29 | 9.5 | 11.98 | 8.91 | 9.36 | |
Pocfratio | 7.72 | 7.52 | 5.64 | 7.45 | 7.56 | 14.55 | |
Interest Coverage | 3.95 | 4.79 | 5.27 | 7.11 | 5.17 | 5.43 | |
Capex To Operating Cash Flow | (0.24) | (0.23) | (0.19) | (0.15) | (0.14) | (0.17) | |
Pfcf Ratio | 9.3 | 6.66 | 8.64 | 9.09 | 9.76 | 10.25 | |
Days Payables Outstanding | 18.13 | 18.51 | 19.07 | 20.2 | 17.92 | 31.37 | |
Income Quality | 1.94 | 2.21 | 2.31 | 3.88 | 1.6 | 0.97 | |
Ev To Operating Cash Flow | 14.01 | 10.5 | 11.1 | 11.13 | 12.86 | 16.81 | |
Pe Ratio | 14.57 | 12.45 | 17.01 | 28.36 | 12.16 | 11.55 | |
Return On Tangible Assets | 0.0605 | 0.0598 | 0.0641 | 0.0344 | 0.0646 | 0.0966 | |
Ev To Free Cash Flow | 17.32 | 12.41 | 12.87 | 13.39 | 16.61 | 17.44 | |
Earnings Yield | 0.0686 | 0.0803 | 0.0588 | 0.0353 | 0.0822 | 0.0418 | |
Net Debt To E B I T D A | 5.06 | 4.16 | 3.38 | 2.82 | 3.74 | 3.92 | |
Current Ratio | 1.03 | 0.94 | 0.91 | 0.88 | 0.86 | 0.81 | |
Tangible Book Value Per Share | (37.43) | (31.32) | (24.84) | (24.08) | (34.14) | (32.43) | |
Receivables Turnover | 13.09 | 12.36 | 11.96 | 11.82 | 10.16 | 9.65 | |
Graham Number | 75.05 | 80.88 | 88.14 | 63.26 | 93.24 | 97.9 |
Pair Trading with CVS Health
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 CVS Health 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 CVS Health will appreciate offsetting losses from the drop in the long position's value.Moving against CVS Stock
0.72 | ELYM | Eliem Therapeutics Trending | PairCorr |
0.62 | DXR | Daxor | PairCorr |
0.61 | GCTK | GlucoTrack | PairCorr |
The ability to find closely correlated positions to CVS Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CVS Health 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 CVS Health - 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 CVS Health Corp to buy it.
The correlation of CVS Health 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 CVS Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CVS Health 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 CVS Health 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 CVS Health 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 real. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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When running CVS Health's price analysis, check to measure CVS Health'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 CVS Health is operating at the current time. Most of CVS Health's value examination focuses on studying past and present price action to predict the probability of CVS Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CVS Health's price. Additionally, you may evaluate how the addition of CVS Health to your portfolios can decrease your overall portfolio volatility.
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Is CVS Health'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 CVS Health. If investors know CVS 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 CVS Health 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 2.42 | Earnings Share 6.47 | Revenue Per Share 277.528 | Quarterly Revenue Growth 0.12 |
The market value of CVS Health Corp is measured differently than its book value, which is the value of CVS that is recorded on the company's balance sheet. Investors also form their own opinion of CVS Health's value that differs from its market value or its book value, called intrinsic value, which is CVS Health'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 CVS Health's market value can be influenced by many factors that don't directly affect CVS Health'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 CVS Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if CVS Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CVS Health'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.