CVS Financial Statements From 2010 to 2024

CVS Stock  USD 77.57  0.17  0.22%   
CVS Health financial statements provide useful quarterly and yearly information to potential CVS Health Corp investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on CVS Health financial statements helps investors assess CVS Health's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting CVS Health's valuation are summarized below:
Gross Profit
53.5 B
Profit Margin
0.0234
Market Capitalization
97.4 B
Enterprise Value Revenue
0.4621
Revenue
356.6 B
CVS Health Corp does not now have any fundamental signals for analysis.
Check CVS Health financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among CVS main balance sheet or income statement drivers, such as , as well as many exotic indicators such as . CVS financial statements analysis is a perfect complement when working with CVS Health Valuation or Volatility modules.
  
This module can also supplement CVS Health's financial leverage analysis and stock options assessment as well as various CVS Health Technical models . Check out the analysis of CVS Health Correlation against competitors.

CVS Current Ratio Analysis

CVS Health's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.

Current Ratio

 = 

Current Asset

Current Liabilities

More About Current Ratio | All Equity Analysis

Current CVS Health Current Ratio

    
  0.94 X  
Most of CVS Health's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, CVS Health Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
Competition

In accordance with the recently published financial statements, CVS Health Corp has a Current Ratio of 0.94 times. This is 67.7% lower than that of the Health Care Providers & Services sector and significantly higher than that of the Health Care industry. The current ratio for all United States stocks is 56.48% higher than that of the company.

CVS Health Corp Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining CVS Health's current stock value. Our valuation model uses many indicators to compare CVS Health value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across CVS Health competition to find correlations between indicators driving CVS Health's intrinsic value. More Info.
CVS Health Corp is rated fifth in shares owned by institutions category among related companies. It is rated fourth in operating margin category among related companies . The ratio of Shares Owned By Institutions to Operating Margin for CVS Health Corp is about  2,258 . Comparative valuation analysis is a catch-all model that can be used if you cannot value CVS Health by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for CVS Health's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the CVS Health's earnings, one of the primary drivers of an investment's value.

About CVS Health Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include CVS Health income statement, its balance sheet, and the statement of cash flows. CVS Health investors use historical funamental indicators, such as CVS Health's revenue or net income, to determine how well the company is positioned to perform in the future. Although CVS Health investors may use each financial statement separately, they are all related. The changes in CVS Health's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on CVS Health's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on CVS Health Financial Statements. Understanding these patterns can help to make the right decision on long term investment in CVS Health. Please read more on our technical analysis and fundamental analysis pages.
CVS Health Corporation provides health services in the United States. CVS Health Corporation was founded in 1963 and is headquartered in Woonsocket, Rhode Island. CVS Corp operates under Healthcare Plans classification in the United States and is traded on New York Stock Exchange. It employs 216000 people.

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.
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 equities. 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.
Pair CorrelationCorrelation Matching
When determining whether CVS Health Corp is a strong investment it is important to analyze CVS Health's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CVS Health's future performance. For an informed investment choice regarding CVS Stock, refer to the following important reports:
Check out the analysis of CVS Health Correlation against competitors.
You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.

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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.