CI Analysis — TradeApes

Cigna Group (CI)

Financials Insurance—Health

$282.52 close · Sep 05, 2026

Undervalued (Low) Est. $340.28–$455.39 75 Health · Strong

Above 200 SMA

52W -7.2% from High

Methodology Breakdown

Insurance

Our Estimate

$340.28 – $455.39 Wide range

Low confidence: our methods span $340.28–$455.39, so we lean on the range rather than a single number. Today's price $276.08 sits below it.

Method	Value	Role
DCF (Base Case)	$1,083.76	CROSS-CHECK
DCF (TTM-anchored)	$1,083.76	CROSS-CHECK
Peer Multiples	$445.00	CROSS-CHECK
Earnings Power Value	$528.48	CROSS-CHECK
Book Value Anchor	$340.28	IN ESTIMATE
Earnings Anchor	$455.39	IN ESTIMATE
Cash Floor	$69.73	CROSS-CHECK
NAV Anchor	$340.28	CROSS-CHECK

In estimate — combined into our number · Cross-check — computed for context, not counted

📈

Undervalued -67.5%

Market cap (74.57B) is 67.5% below the bear-case DCF fair value (229.53B)

Sep 05

Health Score

Out of 100

Strong

Pillar Scores

Financial Strength

Operating Trend

Valuation

Fair value 59

Capital Allocation

Risk Management

Positives

↑ return on assets +8.3

↑ earnings yield +1.9

↑ equity / assets (capital adequacy) +4.1

Concerns

↓ dividend yield -0.7

Signal contribution: +40.1 from strengths -0.7 from concerns

Health Score Trend 9 snapshots

Financials

TTM Financials

Revenue ?Total sales generated from the company's primary business activities over the trailing twelve months.	282.38B
Gross Profit ?Revenue minus cost of goods sold. What remains before operating expenses — reflects pricing power and production efficiency.	—
Operating Income ?Profit from core business operations after all operating expenses (EBIT). Excludes interest and taxes.	9.96B
Net Income ?Bottom-line profit after all expenses, interest, and taxes are deducted from revenue.	6.42B
Free Cash Flow ?Operating cash flow minus capital expenditures. The actual cash the business generates after maintaining its assets — the truest measure of profitability.	10.28B
EBITDA ?Earnings before interest, taxes, depreciation & amortization. A proxy for operating cash earnings that strips out accounting and financing differences.	12.68B
Total Debt ?Combined short-term and long-term interest-bearing debt obligations. Compare against cash and earnings to gauge leverage risk.	2.79B
Cash & Equivalents ?Highly liquid assets on hand — cash, money market funds, and short-term securities. The company's immediate financial cushion.	6.30B

Valuation

Market Cap	74.57B
Enterprise Value	71.51B
EV / Revenue	0.3x
EV / EBITDA	5.6x
P/E (TTM)	11.6x
Forward P/E (extrapolated)	4.5x
PEG	0.1x
P/FCF	7.3x
FCF Yield	13.8%

EV/EBITDA vs history — 47% percentile (mid-range)

CheapMidExpensive

EV/Sales vs history — 26% percentile (historically cheap)

CheapMidExpensive

P/Book vs history — 39% percentile (mid-range)

CheapMidExpensive

DCF Fair Value Range (base CAGR: 11.6%)

Bear

$869.55

Base

$1,205.79

Bull

$1,660.37

Bear $870 Current $282.52 (below range) Bull $1,660

Market is pricing in -18.0% FCF growth annually — base model assumes 11.6%

Key Metrics

Gross Margin ?Gross profit as a % of revenue. Measures how efficiently the company produces its goods or services — higher is better.	—
EBITDA Margin ?EBITDA as a % of revenue. Shows core operating profitability before accounting adjustments — useful for comparing across industries.	4.5%
Net Margin ?Net income as a % of revenue. The ultimate measure of overall profitability after every expense, interest payment, and tax is accounted for.	2.3%
FCF Margin ?Free cash flow as a % of revenue. Shows how much of each dollar of revenue converts into real, spendable cash.	3.6%
Revenue Growth (YoY) ?Year-over-year change in total revenue. Measures business momentum — sustained growth above 15% is typically considered strong.	7.8%
Net Income Growth (YoY) ?Year-over-year change in net income. Shows whether profits are growing faster or slower than revenue — a key indicator of improving or deteriorating quality.	31.7%
Piotroski F-Score ?Score from 0–9 measuring financial strength across profitability, leverage, and efficiency signals. 8–9 = strong, 0–2 = distressed.	7 / 9
Altman Z-Score ?Bankruptcy risk model. Above 2.99 = safe zone, 1.81–2.99 = grey zone, below 1.81 = distress signal. Most useful for manufacturing companies.	2.55

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Quarterly Financials

Metric	Q2 '26	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25	Q4 '24	Q3 '25	Q2 '25	Q1 '25	Q4 '24	Q3 '24
Revenue ?Total quarterly sales from primary business operations.	71.67B	68.49B	72.47B	69.75B	67.18B	65.50B	65.65B	63.69B	60.52B	57.26B	51.11B	49.05B
Gross Profit ?Quarterly revenue minus cost of goods sold.	—	—	—	—	—	—	—	—	—	—	—	—
Operating Income ?Quarterly profit from core operations before interest and taxes (EBIT).	2.68B	2.36B	2.35B	2.58B	2.31B	1.97B	2.17B	2.58B	2.41B	2.26B	2.06B	2.24B
Net Income ?Quarterly bottom-line profit after all expenses and taxes.	1.66B	1.65B	1.13B	1.97B	1.53B	1.32B	1.19B	825.0M	1.63B	-212.0M	899.0M	1.45B
FCF ?Quarterly free cash flow: operating cash minus capital expenditures.	-421.0M	1.13B	6.15B	3.42B	-1.89B	1.92B	5.21B	46.0M	265.0M	4.84B	1.47B	2.83B

Revenue & Free Cash Flow

Market Cap vs. DCF Fair Value Band

Shaded region = bear-to-bull DCF range. Line = actual market cap.

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Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Scores and valuations are derived from SEC filings and publicly available data. Always do your own research before making investment decisions.