Company Valuation: UnitedHealth Group Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 472,941 495,373 486,945 465,535 299,026 385,616 - -
Change - 4.74% -1.7% -4.4% -35.77% 28.96% - -
Enterprise Value (EV) 1 495,037 514,300 519,854 513,326 349,294 432,548 429,410 427,831
Change - 3.89% 1.08% -1.26% -31.95% 23.83% -0.73% -0.37%
P/E 27.8x 25x 22.1x 32.6x 25x 24.8x 21.6x 18.3x
PBR 6.28x 6.18x 5.48x 5x 3.18x 3.67x 3.43x 3.17x
PEG - 1.5x 1.7x -0.9x -1.7x 0.8x 1.5x 1x
Capitalization / Revenue 1.64x 1.53x 1.31x 1.16x 0.67x 0.87x 0.84x 0.79x
EV / Revenue 1.72x 1.59x 1.4x 1.28x 0.78x 0.97x 0.94x 0.88x
EV / EBITDA 18.3x 16.2x 14.3x 14.1x 15x 15.3x 13.7x 11.9x
EV / EBIT 20.7x 18.1x 16.1x 15.9x 18.4x 17.9x 16.1x 13.9x
EV / FCF 24.9x 22x 20.2x 24.8x 21.7x 20.8x 20x 17x
FCF Yield 4.02% 4.55% 4.94% 4.03% 4.6% 4.81% 4.99% 5.88%
Dividend per Share 2 5.6 6.4 7.29 8.18 8.73 8.855 9.303 9.936
Rate of return 1.12% 1.21% 1.38% 1.62% 2.64% 2.09% 2.19% 2.34%
EPS 2 18.08 21.18 23.86 15.51 13.23 17.13 19.67 23.2
Distribution rate 31% 30.2% 30.6% 52.7% 66% 51.7% 47.3% 42.8%
Net sales 1 287,597 324,162 371,622 400,278 447,567 444,133 457,516 485,332
EBITDA 1 27,073 31,835 36,330 36,386 23,325 28,347 31,384 35,830
EBIT 1 23,970 28,435 32,358 32,287 18,964 24,139 26,617 30,800
Net income 1 17,285 20,120 22,381 14,405 12,056 15,543 18,077 20,936
Net Debt 1 22,096 18,927 32,909 47,791 50,268 46,932 43,793 42,215
Reference price 2 502.14 530.18 526.47 505.86 330.11 424.62 424.62 424.62
Nbr of stocks (in thousands) 941,851 934,349 924,925 920,284 905,839 908,144 - -
Announcement Date 19/01/22 13/01/23 12/01/24 16/01/25 27/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.79x0.97x15.26x2.09% 386B
20.48x0.59x11.15x1.67% 90.39B
11.75x0.34x7.22x2.11% 77.63B
48.1x0.35x20.04x0.91% 47.09B
27.15x0.16x14.64x-.--% 33.26B
70.17x0.24x15.92x-.--% 12.15B
103.65x0.7x23.66x-.--% 4.1B
23.77x1.61x9.33x-.--% 2.4B
338.16x0.75x37.29x-.--% 2.34B
48.35x2.72x14.33x0.57% 280M
Average 71.64x 0.84x 16.88x 0.73% 65.53B
Weighted average by Cap. 26.90x 0.75x 14.17x 1.77%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. UNH Stock
  4. Valuation UnitedHealth Group Inc.