Research / Stock / CVS
C
CVS
CVS HEALTH Corp
92.90
-1.21 -1.29%
close 2026-08-25
Assumptions
-7.2%
Market is pricing -7.2%— you agree
Actually grew -10.3%/yrFCF, 2020–2025 — the market is pricing 3.1pts FASTER than history
10 yrs
3.00%
5.81%
5.8% derived for this company beta 0.45 (1232d vs the S&P 500) · cost of equity 6.7% = 4.7% risk-free + 0.45 × 4.5% premium · 32% debt at 4.8%, taxed at 19%
Fair value
$92.56
-0.4%
At the market's assumptionsCurrent price $92.90Enterprise value 117.8B
Bear $60.10 (-12.2% growth)Bull $143.20 (-2.2%)
Today's market price is inside the range · band = your growth ±5pts, same model · the market itself prices -7.2%
Y1
Y2
Y3
Y4
Y5
Y6
Y7
Y8
Y9
Y10
Present value of each projected year, Y1–Y10
35% the 10 forecast years65% terminal value