Discounted Cash Flow

Elevance Health, Inc.

ELV · Based on 10 years of SEC filings

DCF estimate unavailable — No positive free cash flow in recent history — company has not generated positive FCF

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $84.9b $2.5b $2.6b 2.9% $9.39
2017 $90.0b (6.1%) $3.8b (55.6%) $3.4b (29.2%) 4.3% (46.6%) $14.70 (56.5%)
2018 $92.1b (2.3%) $3.8b (-2.4%) $2.6b (-22.6%) 4.1% (-4.6%) $14.53 (-1.2%)
2019 $104.2b (13.1%) $4.8b (28.2%) $5.0b (90.3%) 4.6% (13.3%) $18.81 (29.5%)
2020 $121.9b (16.9%) $4.6b (-4.9%) $-8.8b (-276.6%) 3.8% (-18.7%) $18.23 (-3.1%)
2021 $138.6b (13.8%) $6.1b (33.5%) $-10.3b (-17.0%) 4.4% (17.4%) $25.04 (37.4%)
2022 $156.6b (13.0%) $6.0b (-1.3%) $-16.5b (-60.6%) 3.8% (-12.6%) $25.10 (0.2%)
2023 $171.3b (9.4%) $6.0b (-0.6%) $-8.2b (50.6%) 3.5% (-9.2%) $25.38 (1.1%)
2024 $177.0b (3.3%) $6.0b (-0.1%) $-12.2b (-49.0%) 3.4% (-3.3%) $25.81 (1.7%)
2025 $199.1b (12.5%) $5.7b (-5.3%) $-10.7b (11.8%) 2.8% (-15.8%) $25.28 (-2.1%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

No positive free cash flow in recent history — company has not generated positive FCF

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.