CI Cigna
too hard · 59
Owner-earnings value$398.21
Price$306.60
Margin of safety
+29.9%
Quality gate · 59/100
⚠ sub-hurdle returns (median roic 9% < 9%)
Median ROIC8.8%
Gross margin8.8%
Net debt / EBITDA1.9x
FCF conversion164%
Share count / yr-4.1%
Profitable years4/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 7.98B |
| Owner-earnings yield | 9.8% |
| Free-cash-flow yield | 11.2% |
| Growth used (normalized) | -3.2% |
| Market-implied growth (reverse DCF) | -9.2% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 9.0% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 7.72B | -3.2% | 7.08B |
| 2 | 7.53B | -2.5% | 6.34B |
| 3 | 7.39B | -1.8% | 5.71B |
| 4 | 7.31B | -1.1% | 5.18B |
| 5 | 7.28B | -0.4% | 4.73B |
| 6 | 7.30B | 0.3% | 4.35B |
| 7 | 7.36B | 0.9% | 4.03B |
| 8 | 7.48B | 1.6% | 3.76B |
| 9 | 7.66B | 2.3% | 3.53B |
| 10 | 7.89B | 3.0% | 3.33B |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~-9%/yr owner-earnings growth over 10y (reverse DCF); model credits -3%. Capped at market + 6pts.