Data as of Dec 7, 2007
Operates principally in the retail drugstore business.
CVS CAREMARK (CVS)
Drug Stores
Current Data
Ford Evaluations
$40.04
$59,135
1,476.9
87%
118,821
1.09
NYSE
Yes
09/2007
Current Price
Market Cap (mil)
Common Shares out (mil)
Shrs Held by Institutions
Average Daily Volume (100s)
Beta (Adjusted)
Exchange
Options Trading
Latest Qtr Report
$66,449
$1.84
$1.82
$1.92
$2.33
$2.55
$0.24
13.2%
0.6%
12 Mo Sales (mil)
12 Mo EPS
12 Mo Operating EPS
FirstCall EPS Est FY1
FirstCall EPS Est FY2
Cash Flow/Share (FY)
Annual Dividend
Dividend Payout Ratio
Dividend Yield
AC
13.0%
$51.18
79.3%
$1.84
21.8
22.0
0.78
Quality Rating
Growth Persistence Rating
Projected Growth Rate
Ford DDM Value
Share Buyback (12-Mo % Chg)
Normal Earnings
Price/Normal Earnings
Price/Operating Earnings
Price/Ford Value (PVA)
Price Performance
Price (US $)
61
CVS Stock Price
Last: $40.04
51
42
Ford Value Rating
Monthly per share intrinsic
value of company as
determined by Ford's
dividend Discount Model
35
30
25
Ford Valuation Bands
Valuation bands based on
the highest and lowest P/E
ratio in the last five years
applied to the trailing 12
month operating earnings
then to the FY1 and FY2
earnings estimates
High band: 26.1 x EPS
Low band: 13.7 x EPS
21
17
14
12
10
Average Daily Volume (Thousands)
24000
16000
8000
0
2002
2003
2004
2005
2006
2007
2008
Earnings Data
Fiscal Year End
Sales (mil)
EPS
Net Profit on Sales (%)
Cash Flow/Share
Book Value/Share
Return on Equity (%)
Debt to Equity (%)
December 2002
$24,182
$0.87
2.8
$1.33
$6.31
13.8
21.0
Valuation Ratios
9.0
Price/Book Value
1.57
Price/Sales
0.39
Price/Value
0.48
CVS
5 Year High
22.0
13.7
Price/Cash Flow
December 2004
$30,594
$1.14
3.0
$1.77
$8.44
13.6
28.0
Sales Growth
5 Year Low
Price/Earnings
December 2003
$26,588
$1.03
3.1
$1.50
$7.31
14.2
13.0
15.7
1.80
26.1
22.6
3.09
1.35
0.78
1.41
82.9
60.2
30.7
14.8
1.04
Industry Group
CVS CAREMARK (CVS)
DRUGSTORE.COM (DSCM)
LONGS DRUG STORE (LDG)
RITE AID (RAD)
WALGREEN (WAG)
87.5%
75.0%
62.5%
50.0%
37.5%
25.0%
12.5%
0.0%
Industry Avg
19.2
10.8
5 Year
12 Month
Last Qtr
Ford Model Percentiles
Price
$40.04
$3.17
$54.15
$4.06
$37.11
P/E
22.0
NM
21.2
NM
18.2
Percentile Scores of Ford Universe (100=best, 1=worst)
99
96
100
91
Positive
80
70 or greater
70
Neutral
30 to 70
30
Negative
30 or less
0
Value
EPS
Sales
Momentum
Price
December 2005
$37,006
$1.39
3.1
$1.49
$10.00
13.9
19.0
Earnings Growth
December 2006
$43,814
$1.62
3.1
$2.55
$11.75
13.8
30.0
CVS
Industry Avg
56%
51.2
48%
40%
32%
21.1 23.9 18.5 22.8 21.4
24%
16.2
15.7
14.5 16.0
16%
8%
0%
5 Year
12 Month Last Qtr
1 Yr Est
2 Yr Est
Earnings Trend
Trailing Operating 12 Month EPS in US $
2.10
1.80
1.50
1.20
0.90
0.60
0.30
0.00
12/06
3/07
6/07
9/07
Please visit http://www.fordequity.com/FVGterms.htm for important disclosures and definitions of the value graphs presentation.
12/07e