Elevance Health (NYSE:ELV) has shown strong market performance, aligning with the S&P 500, and possesses significant advantages like economies of scale and a stellar return on invested capital (ROIC) of 27.2%. However, the company faces a challenge with a declining customer base, averaging 1.2% year-on-year declines over the past two years, signaling potential product weakness, increased competition, or market saturation. Despite this, the article concludes that its merits generally outweigh its flaws, but encourages investors to review a comprehensive report to determine if it’s the right time to buy.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
2 Reasons to Like ELV (and 1 Not So Much)
Elevance Health (NYSE:ELV) has shown strong market performance, aligning with the S&P 500, and possesses significant advantages like economies of scale and a stellar return on invested capital (ROIC) of 27.2%. However, the company faces a challenge with a declining customer base, averaging 1.2% year-on-year declines over the past two years, signaling potential product weakness, increased competition, or market saturation. Despite this, the article concludes that its merits generally outweigh its flaws, but encourages investors to review a comprehensive report to determine if it’s the right time to buy.