Video: CVS Offers Recession-Resistant Growth with Acquisitions, Single Digit P/E, 3.6% Dividend Yield

January 22, 2024
  • 3.6% Dividend Yield, single digit P/E.
  • M&A period over, now focusing on integrating new businesses and strengthening the balance sheet.
  • Healthcare as a sector is recession-resistant.
  • Cost recovery on the horizon, with the conclusion of a cost optimization program expected to yield $700-800 million in savings.
  • The expected addition of $2 billion to EBITDA by FY26 from Oak Street and a significant internal referral network from Signify Health.
  • This could grow earnings by 10% or more.