Elevance Health Stock Profit Margin
| ELV Stock | USD 534.63 4.14 0.77% |
Elevance Health fundamentals help investors to digest information that contributes to Elevance Health's financial success or failures. It also enables traders to predict the movement of Elevance Stock. The fundamental analysis module provides a way to measure Elevance Health's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Elevance Health stock.
| Last Reported | Projected for Next Year | ||
| Net Profit Margin | 0.03 | 0.03 |
Elevance | Profit Margin |
Elevance Health Company Profit Margin Analysis
Elevance Health's Profit Margin measures overall efficiency of a company and shows its ability to withstand competition as well as defend against adverse conditions such as rising costs, falling prices, decline in sales or management distress. Profit margin tells investors how well the company executes on its overall pricing strategies as well as how effective the company in controlling its costs.
Current Elevance Health Profit Margin | 0.04 % |
Most of Elevance Health's fundamental indicators, such as Profit Margin, 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, Elevance Health is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Elevance Profit Margin Driver Correlations
Understanding the fundamental principles of building solid financial models for Elevance Health is extremely important. It helps to project a fair market value of Elevance Stock properly, considering its historical fundamentals such as Profit Margin. Since Elevance Health's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Elevance Health's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Elevance Health's interrelated accounts and indicators.
Elevance Profit Margin Historical Pattern
Today, most investors in Elevance Health Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Elevance Health's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's profit margin growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Elevance Health profit margin as a starting point in their analysis.
Elevance Health Profit Margin |
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In a nutshell, Profit Margin indicator shows the amount of money the company makes from total sales or revenue. It can provide a good insight into companies in the same sector, as well as help to identify trends of a company from year to year.
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Elevance Pretax Profit Margin
Pretax Profit Margin |
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Based on the latest financial disclosure, Elevance Health has a Profit Margin of 0.0364%. This is 100.32% lower than that of the Health Care Providers & Services sector and significantly higher than that of the Health Care industry. The profit margin for all United States stocks is 102.87% lower than that of the firm.
Elevance Profit Margin Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Elevance Health's direct or indirect competition against its Profit Margin to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Elevance Health could also be used in its relative valuation, which is a method of valuing Elevance Health by comparing valuation metrics of similar companies.Elevance Health is currently under evaluation in profit margin category among related companies.
Elevance Health ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Elevance Health's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Elevance Health's managers, analysts, and investors.Environmental | Governance | Social |
Elevance Fundamentals
| Return On Equity | 0.16 | ||||
| Return On Asset | 0.0578 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.08 % | ||||
| Current Valuation | 115.6 B | ||||
| Shares Outstanding | 232.42 M | ||||
| Shares Owned By Institutions | 91.99 % | ||||
| Number Of Shares Shorted | 2.09 M | ||||
| Price To Earning | 19.27 X | ||||
| Price To Book | 2.94 X | ||||
| Price To Sales | 0.68 X | ||||
| Revenue | 171.34 B | ||||
| Gross Profit | 40.11 B | ||||
| EBITDA | 1.74 B | ||||
| Net Income | 5.99 B | ||||
| Cash And Equivalents | 7.39 B | ||||
| Cash Per Share | 150.32 X | ||||
| Total Debt | 25.12 B | ||||
| Debt To Equity | 0.66 % | ||||
| Current Ratio | 1.35 X | ||||
| Book Value Per Share | 174.62 X | ||||
| Cash Flow From Operations | 8.06 B | ||||
| Short Ratio | 1.84 X | ||||
| Earnings Per Share | 26.53 X | ||||
| Price To Earnings To Growth | 1.14 X | ||||
| Target Price | 605.45 | ||||
| Number Of Employees | 104.9 K | ||||
| Beta | 0.79 | ||||
| Market Capitalization | 125.32 B | ||||
| Total Asset | 108.93 B | ||||
| Retained Earnings | 31.75 B | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 1.13 % | ||||
| Net Asset | 108.93 B | ||||
| Last Dividend Paid | 6.07 |
About Elevance Health Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Elevance Health's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Elevance Health using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Elevance Health based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Elevance 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 Elevance 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 Elevance Health will appreciate offsetting losses from the drop in the long position's value.Moving against Elevance Stock
| 0.79 | PMD | Psychemedics | PairCorr |
| 0.71 | ABT | Abbott Laboratories Financial Report 18th of July 2024 | PairCorr |
| 0.7 | SYK | Stryker Sell-off Trend | PairCorr |
| 0.67 | CAH | Cardinal Health Fiscal Year End 20th of August 2024 | PairCorr |
| 0.67 | FONR | Fonar Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Elevance 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 Elevance 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 Elevance 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 Elevance Health to buy it.
The correlation of Elevance 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 Elevance Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elevance Health 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 Elevance 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 Elevance Health Piotroski F Score and Elevance Health Altman Z Score analysis. For more information on how to buy Elevance Stock please use our How to Invest in Elevance Health guide.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Elevance Stock analysis
When running Elevance Health's price analysis, check to measure Elevance 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 Elevance Health is operating at the current time. Most of Elevance Health's value examination focuses on studying past and present price action to predict the probability of Elevance 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 Elevance Health's price. Additionally, you may evaluate how the addition of Elevance Health to your portfolios can decrease your overall portfolio volatility.
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Is Elevance 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 Elevance Health. If investors know Elevance 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 Elevance 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 0.155 | Dividend Share 6.07 | Earnings Share 26.53 | Revenue Per Share 731.764 | Quarterly Revenue Growth 0.01 |
The market value of Elevance Health is measured differently than its book value, which is the value of Elevance that is recorded on the company's balance sheet. Investors also form their own opinion of Elevance Health's value that differs from its market value or its book value, called intrinsic value, which is Elevance 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 Elevance Health's market value can be influenced by many factors that don't directly affect Elevance 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 Elevance Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elevance Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elevance 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.