ELEVANCE HEALTH INC (ELV) Stock Fundamental Analysis
NYSE:ELV - US0367521038 - Common Stock
316.21 USD
+9.46 (+3.08%)
We assign a fundamental rating of 4 out of 10 to ELV. ELV was compared to 101 industry peers in the Health Care Providers & Services industry. While ELV is still in line with the averages on profitability rating, there are concerns on its financial health. ELV is not valued too expensively and it also shows a decent growth rate. Finally ELV also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year ELV was profitable.
In the past year ELV had a positive cash flow from operations.
ELV had positive earnings in each of the past 5 years.
In the past 5 years ELV always reported a positive cash flow from operatings.
1.2 Ratios
ELV has a Return On Assets of 4.40%. This is in the better half of the industry: ELV outperforms 75.25% of its industry peers.
ELV has a Return On Equity of 12.26%. This is in the better half of the industry: ELV outperforms 77.23% of its industry peers.
The Return On Invested Capital of ELV (5.90%) is better than 62.38% of its industry peers.
ELV had an Average Return On Invested Capital over the past 3 years of 6.90%. This is below the industry average of 9.19%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.4% | ||
| ROE | 12.26% | ||
| ROIC | 5.9% |
ROA(3y)5.45%
ROA(5y)5.58%
ROE(3y)15.32%
ROE(5y)15.33%
ROIC(3y)6.9%
ROIC(5y)7.19%
1.3 Margins
The Profit Margin of ELV (2.83%) is better than 65.35% of its industry peers.
ELV's Profit Margin has declined in the last couple of years.
ELV has a Operating Margin of 4.60%. This is comparable to the rest of the industry: ELV outperforms 59.41% of its industry peers.
In the last couple of years the Operating Margin of ELV has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.6% | ||
| PM (TTM) | 2.83% | ||
| GM | N/A |
OM growth 3Y-7.78%
OM growth 5Y-4.45%
PM growth 3Y-8.42%
PM growth 5Y-6.01%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so ELV is destroying value.
ELV has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, ELV has less shares outstanding
Compared to 1 year ago, ELV has a worse debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of ELV is 5.70, which is a neutral value as it means it would take ELV, 5.70 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 5.70, ELV is doing good in the industry, outperforming 64.36% of the companies in the same industry.
ELV has a Debt/Equity ratio of 0.65. This is a neutral value indicating ELV is somewhat dependend on debt financing.
ELV has a Debt to Equity ratio (0.65) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 5.7 | ||
| Altman-Z | N/A |
ROIC/WACC0.73
WACC8.1%
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
ELV shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.64%.
Measured over the past years, ELV shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.17% on average per year.
Looking at the last year, ELV shows a quite strong growth in Revenue. The Revenue has grown by 10.21% in the last year.
ELV shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.14% yearly.
EPS 1Y (TTM)-6.64%
EPS 3Y8.28%
EPS 5Y11.17%
EPS Q2Q%-12.65%
Revenue 1Y (TTM)10.21%
Revenue growth 3Y8.44%
Revenue growth 5Y11.14%
Sales Q2Q%14.34%
3.2 Future
ELV is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.79% yearly.
ELV is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.96% yearly.
EPS Next Y-8.42%
EPS Next 2Y-1.7%
EPS Next 3Y3.63%
EPS Next 5Y8.79%
Revenue Next Year12.27%
Revenue Next 2Y8.86%
Revenue Next 3Y7.89%
Revenue Next 5Y8.96%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 9.58, the valuation of ELV can be described as very reasonable.
Based on the Price/Earnings ratio, ELV is valued cheaper than 92.08% of the companies in the same industry.
ELV's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.03.
A Price/Forward Earnings ratio of 9.93 indicates a reasonable valuation of ELV.
87.13% of the companies in the same industry are more expensive than ELV, based on the Price/Forward Earnings ratio.
ELV is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.54, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.58 | ||
| Fwd PE | 9.93 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ELV is valued a bit cheaper than the industry average as 77.23% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of ELV indicates a rather cheap valuation: ELV is cheaper than 82.18% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.46 | ||
| EV/EBITDA | 8.87 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)0.86
EPS Next 2Y-1.7%
EPS Next 3Y3.63%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.22%, ELV has a reasonable but not impressive dividend return.
In the last 3 months the price of ELV has falen by -20.23%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
ELV's Dividend Yield is rather good when compared to the industry average which is at 2.48. ELV pays more dividend than 92.08% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.45, ELV has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.22% |
5.2 History
The dividend of ELV is nicely growing with an annual growth rate of 15.34%!
ELV has been paying a dividend for at least 10 years, so it has a reliable track record.
ELV has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)15.34%
Div Incr Years13
Div Non Decr Years13
5.3 Sustainability
ELV pays out 28.40% of its income as dividend. This is a sustainable payout ratio.
ELV's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP28.4%
EPS Next 2Y-1.7%
EPS Next 3Y3.63%
NYSE:ELV (9/11/2025, 11:19:07 AM)
316.21
+9.46 (+3.08%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
Earnings (Last)
Earnings (Next)
Inst Owners94.98%
Inst Owner ChangeN/A
Ins Owners0.13%
Ins Owner Change2.72%
Market Cap71.20B
Analysts76.43
Price Target371.62 (17.52%)
Short Float %1.4%
Short Ratio1.23
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.22% |
Yearly Dividend6.55
Dividend Growth(5Y)15.34%
DP28.4%
Div Incr Years13
Div Non Decr Years13
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.93%
Min EPS beat(2)-2.26%
Max EPS beat(2)4.12%
EPS beat(4)2
Avg EPS beat(4)-3.04%
Min EPS beat(4)-14.2%
Max EPS beat(4)4.12%
EPS beat(8)5
Avg EPS beat(8)-1%
EPS beat(12)8
Avg EPS beat(12)-0.08%
EPS beat(16)11
Avg EPS beat(16)0.72%
Revenue beat(2)2
Avg Revenue beat(2)2.87%
Min Revenue beat(2)1.45%
Max Revenue beat(2)4.3%
Revenue beat(4)3
Avg Revenue beat(4)1.78%
Min Revenue beat(4)-0.71%
Max Revenue beat(4)4.3%
Revenue beat(8)3
Avg Revenue beat(8)0.42%
Revenue beat(12)6
Avg Revenue beat(12)0.84%
Revenue beat(16)9
Avg Revenue beat(16)0.69%
PT rev (1m)-22.48%
PT rev (3m)-26.56%
EPS NQ rev (1m)-0.07%
EPS NQ rev (3m)-42.6%
EPS NY rev (1m)-13.1%
EPS NY rev (3m)-13.15%
Revenue NQ rev (1m)-0.02%
Revenue NQ rev (3m)0.48%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)1.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.58 | ||
| Fwd PE | 9.93 | ||
| P/S | 0.38 | ||
| P/FCF | 13.46 | ||
| P/OCF | 11.11 | ||
| P/B | 1.63 | ||
| P/tB | 18.43 | ||
| EV/EBITDA | 8.87 |
EPS(TTM)33.02
EY10.44%
EPS(NY)31.86
Fwd EY10.07%
FCF(TTM)23.5
FCFY7.43%
OCF(TTM)28.46
OCFY9%
SpS840.46
BVpS194.16
TBVpS17.16
PEG (NY)N/A
PEG (5Y)0.86
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.4% | ||
| ROE | 12.26% | ||
| ROCE | 7.72% | ||
| ROIC | 5.9% | ||
| ROICexc | 6.38% | ||
| ROICexgc | 11.77% | ||
| OM | 4.6% | ||
| PM (TTM) | 2.83% | ||
| GM | N/A | ||
| FCFM | 2.8% |
ROA(3y)5.45%
ROA(5y)5.58%
ROE(3y)15.32%
ROE(5y)15.33%
ROIC(3y)6.9%
ROIC(5y)7.19%
ROICexc(3y)7.45%
ROICexc(5y)7.72%
ROICexgc(3y)13.9%
ROICexgc(5y)14.63%
ROCE(3y)9.03%
ROCE(5y)9.4%
ROICexcg growth 3Y-5.49%
ROICexcg growth 5Y-3.16%
ROICexc growth 3Y-5.02%
ROICexc growth 5Y-2.23%
OM growth 3Y-7.78%
OM growth 5Y-4.45%
PM growth 3Y-8.42%
PM growth 5Y-6.01%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover1.55
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.65 | ||
| Debt/FCF | 5.7 | ||
| Debt/EBITDA | 2.8 | ||
| Cap/Depr | 75.47% | ||
| Cap/Sales | 0.59% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 62.96% | ||
| Profit Quality | 98.73% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score5
WACC8.1%
ROIC/WACC0.73
Cap/Depr(3y)77.74%
Cap/Depr(5y)81.03%
Cap/Sales(3y)0.73%
Cap/Sales(5y)0.76%
Profit Quality(3y)103.66%
Profit Quality(5y)128.32%
High Growth Momentum
Growth
EPS 1Y (TTM)-6.64%
EPS 3Y8.28%
EPS 5Y11.17%
EPS Q2Q%-12.65%
EPS Next Y-8.42%
EPS Next 2Y-1.7%
EPS Next 3Y3.63%
EPS Next 5Y8.79%
Revenue 1Y (TTM)10.21%
Revenue growth 3Y8.44%
Revenue growth 5Y11.14%
Sales Q2Q%14.34%
Revenue Next Year12.27%
Revenue Next 2Y8.86%
Revenue Next 3Y7.89%
Revenue Next 5Y8.96%
EBIT growth 1Y-14.33%
EBIT growth 3Y0%
EBIT growth 5Y6.19%
EBIT Next Year-2.13%
EBIT Next 3Y3.18%
EBIT Next 5Y8.53%
FCF growth 1Y-49.94%
FCF growth 3Y-14.89%
FCF growth 5Y-2.08%
OCF growth 1Y-45.8%
OCF growth 3Y-11.78%
OCF growth 5Y-1.08%