CVS Health Financials

CVS Stock  USD 79.43  0.11  0.14%   
Based on the key indicators obtained from CVS Health's historical financial statements, CVS Health Corp is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in April. At this time, CVS Health's Non Current Assets Total are comparatively stable compared to the past year. Non Currrent Assets Other is likely to gain to about 3.8 B in 2024, whereas Common Stock Shares Outstanding is likely to drop slightly above 984.2 M in 2024. Key indicators impacting CVS Health's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio1.091.0382
Sufficiently Up
Slightly volatile
Operating Income14.4 B13.7 B
Sufficiently Up
Slightly volatile
Current Ratio0.810.8569
Notably Down
Slightly volatile
The financial analysis of CVS Health is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for CVS Health includes many different criteria found on its balance sheet. For example, investors should never minimize CVS Health's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor CVS Health's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in CVS Health.

Cash And Equivalents

15.63 Billion

With this module, you can analyze CVS financials for your investing period. You should be able to track the changes in CVS Health individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past CVS Health Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of CVS Health's financial statements are interrelated, with each one affecting the others. For example, an increase in CVS Health's assets may result in an increase in income on the income statement.
Evaluating CVS Health's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of CVS Health's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the CVS Health's relative financial performance

Chance Of Distress

Less than 28

 
100  
 
Zero
Below Average
CVS Health Corp has less than 28 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for CVS Health stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, CVS Health's odds of distress score SHOULD NOT be confused with the real chance of CVS Health Corp filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as CVS is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include CVS Health's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in CVS Health's official financial statements usually reflect CVS Health's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of CVS Health Corp. For example, before you start analyzing numbers published by CVS accountants, it's critical to develop an understanding of what CVS Health's liquidity, profitability, and earnings quality are in the context of the Health Care Providers & Services space in which it operates.
Please note, the presentation of CVS Health's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, CVS Health's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in CVS Health's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of CVS Health Corp. Please utilize our Beneish M Score to check the likelihood of CVS Health's management manipulating its earnings.

CVS Health Company Summary

CVS Health competes with Microbot Medical, EUDA Health, Spectral, Definitive Healthcare, and Edwards Lifesciences. 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.
Foreign Associates
Specialization
Health Care, Health Care Equipment & Services
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
CIK Number0000064803
ISINUS1266501006
CUSIP126650100 585745102
RegionNorth America
LocationRhode Island; U.S.A
Business AddressOne CVS Drive,
SectorHealth Care Providers & Services
IndustryHealth Care
BenchmarkNYSE Composite
Websitewww.cvshealth.com
Phone401 765 1500
CurrencyUSD - US Dollar
You should never invest in CVS Health without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of CVS Stock, because this is throwing your money away. Analyzing the key information contained in CVS Health's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

CVS Health Key Financial Ratios

Generally speaking, CVS Health's financial ratios allow both analysts and investors to convert raw data from CVS Health's financial statements into concise, actionable information that can be used to evaluate the performance of CVS Health over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that CVS Health Corp reports annually and quarterly.

CVS Health Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets222.4B230.7B233.0B228.3B249.7B262.2B
Other Current Liab4.8B5.8B5.6B47.6B2.5B2.3B
Net Debt83.3B77.2B66.6B57.8B71.2B74.7B
Retained Earnings45.1B49.6B54.9B56.1B61.6B64.7B
Cash5.7B7.9B9.4B12.9B8.2B8.6B
Net Receivables19.6B21.7B24.4B27.3B35.2B37.0B
Inventory17.5B18.5B17.8B19.1B18.0B18.9B
Other Current Assets5.1B5.3B5.3B2.7B3.2B3.3B
Total Liab158.3B161.0B157.6B157.0B173.1B181.7B
Total Current Assets50.3B56.4B60.0B65.7B67.9B71.3B
Short Term Debt5.4B7.1B5.9B3.5B4.7B4.9B
Intangible Assets33.1B31.1B29.0B24.8B29.2B30.7B
Accounts Payable10.5B11.1B12.5B14.8B14.9B15.6B
Common Stock46.0B46.5B47.4B48.2B49.0B51.4B
Good Will79.7B79.6B79.1B78.2B91.3B95.8B
Other Liab21.4B21.0B19.7B19.9B22.9B24.1B
Other Assets9.1B51.0B9.8B7.6B8.7B4.8B
Long Term Debt64.7B59.2B52.0B50.5B58.6B61.6B
Treasury Stock(28.2B)(28.2B)(28.2B)(31.9B)(28.7B)(27.2B)
Net Tangible Assets(49.0B)(41.3B)(33.1B)71.0B63.9B67.1B
Long Term Debt Total64.7B59.2B52.0B50.5B58.0B34.0B

CVS Health Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what CVS Health's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense3.0B2.9B2.5B2.3B2.7B2.8B
Total Revenue256.8B268.7B292.1B322.5B357.8B375.7B
Gross Profit45.5B49.0B52.0B54.3B(203.4B)(193.2B)
Operating Income12.0B13.9B13.2B16.3B13.7B14.4B
Ebit12.0B13.9B13.2B16.3B13.7B14.4B
Ebitda16.5B18.6B19.7B20.5B13.7B14.4B
Cost Of Revenue211.2B219.7B240.1B268.2B561.1B589.2B
Income Before Tax9.0B9.8B10.4B5.6B11.2B11.7B
Net Income6.6B7.2B8.0B4.3B8.3B8.8B
Income Tax Expense2.4B2.6B2.5B1.5B2.8B2.9B
Tax Provision2.4B2.6B2.5B1.5B2.8B2.0B
Interest Income3.0B2.9B2.5B2.3B2.6B2.0B
Net Interest Income(3.0B)(2.9B)(2.5B)(2.3B)(2.7B)(2.8B)

CVS Health Key Cash Accounts

Cash flow analysis captures how much money flows into and out of CVS Health Corp. It measures of how well CVS is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money CVS Health brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money CVS had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what CVS Health has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change To Inventory(1.1B)(973M)735M(1.4B)1.2B1.3B
Change In Cash1.7B2.2B1.6B614M(4.8B)(4.5B)
Free Cash Flow10.4B13.4B15.7B13.5B10.4B10.9B
Depreciation4.4B4.4B4.5B4.2B4.4B4.6B
Other Non Cash Items548M1.2B1.9B2.4B765M594.4M
Dividends Paid2.6B2.6B2.6B2.9B(3.1B)(3.0B)
Capital Expenditures2.5B2.4B2.5B2.7B3.0B1.6B
Net Income6.6B7.2B7.9B4.2B8.4B8.8B
End Period Cash Flow6.0B8.1B12.7B13.3B8.5B9.0B
Investments(485M)(3.2B)(2.7B)(1.0B)(19.8B)(18.8B)
Change Receivables2.2B(1.5B)(2.7B)3.0B3.4B3.6B
Net Borrowings(5.3B)(5.7B)(9.3B)(4.2B)(3.8B)(3.6B)
Change To Netincome453M1.1B549M2.5B2.9B3.1B

CVS Financial Ratios 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 the top company in current valuation category among related companies. It is rated below average in beta category among related companies . The ratio of Current Valuation to Beta for CVS Health Corp is about  336,172,782,651 . 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.

CVS Health Corp Systematic Risk

CVS Health's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. CVS Health volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on CVS Health Corp correlated with the market. If Beta is less than 0 CVS Health generally moves in the opposite direction as compared to the market. If CVS Health Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one CVS Health Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of CVS Health is generally in the same direction as the market. If Beta > 1 CVS Health moves generally in the same direction as, but more than the movement of the benchmark.

About CVS Health Financials

What exactly are CVS Health Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include CVS Health's income statement, its balance sheet, and the statement of cash flows. Potential CVS Health investors and stakeholders use financial statements 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. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze CVS Health Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as CVS Health is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of CVS has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if CVS Health's financials are consistent with your investment objective using the following steps:
  • Review CVS Health's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand CVS Health's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare CVS Health's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if CVS Health's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

CVS Health Thematic Clasifications

CVS Health Corp is part of Macroaxis Index investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Macroaxis power theme of selected equities with solid fundamentals. An experimental equal-weighted index theme of selected equities generated based on Macroaxis rating and scoring system
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Today, most investors in CVS Health Stock are looking for potential investment opportunities by analyzing not only static indicators but also various CVS Health's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of CVS Health growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.11

At this time, CVS Health's Price Earnings To Growth Ratio is comparatively stable compared to the past year.

CVS Health March 28, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of CVS Health help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of CVS Health Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of CVS Health Corp based on widely used predictive technical indicators. In general, we focus on analyzing CVS Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build CVS Health's daily price indicators and compare them against related drivers.
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 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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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.