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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Ps Multiple | 1.0x - 1.1x | 1.1x |
Selected Fwd Ps Multiple | 0.8x - 0.9x | 0.9x |
Fair Value | $16.53 - $18.28 | $17.41 |
Upside | -32.2% - -25.0% | -28.6% |
Benchmarks | Ticker | Full Ticker |
---|---|---|
Brookdale Senior Living Inc. | - | NYSE:BKD |
Addus HomeCare Corporation | - | NasdaqGS:ADUS |
Amedisys, Inc. | - | NasdaqGS:AMED |
The Pennant Group, Inc. | - | NasdaqGS:PNTG |
Chemed Corporation | - | NYSE:CHE |
Sonida Senior Living, Inc. | - | NYSE:SNDA |
Select Price / LTM Sales Ratio | ||||||||
Benchmark Companies | ||||||||
BKD | ADUS | AMED | PNTG | CHE | SNDA | |||
NYSE:BKD | NasdaqGS:ADUS | NasdaqGS:AMED | NasdaqGS:PNTG | NYSE:CHE | NYSE:SNDA | |||
Historical Sales Growth | ||||||||
5Y CAGR | -1.8% | 12.2% | 3.7% | 15.5% | 4.6% | -9.5% | ||
3Y CAGR | 5.2% | 10.1% | 2.0% | 16.5% | 4.4% | 11.9% | ||
Latest Twelve Months | 4.5% | 14.3% | 4.9% | 30.6% | 7.6% | 21.7% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -6.1% | 5.4% | 5.2% | 2.3% | 12.7% | -12.5% | ||
Prior Fiscal Year | -6.6% | 5.9% | -0.4% | 2.5% | 12.0% | -11.1% | ||
Latest Fiscal Year | -6.8% | 6.4% | 1.8% | 3.2% | 12.4% | -2.8% | ||
Latest Twelve Months | -8.0% | 6.5% | 3.6% | 3.4% | 11.6% | -15.3% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 15.6x | 14.5x | 13.3x | 24.2x | 14.3x | 35.0x | ||
Price / LTM Sales | 0.6x | 1.6x | 1.4x | 1.1x | 2.5x | 1.5x | ||
LTM P/E Ratio | -7.1x | 24.1x | 38.8x | 33.5x | 21.8x | -9.8x | ||
Low | Mid | High | ||||||
Benchmark LTM P/S Ratio | 0.6x | 1.4x | 2.5x | |||||
Historical LTM P/S Ratio | 0.1x | 0.4x | 1.7x | |||||
Selected Price / Sales Multiple | 1.0x | 1.1x | 1.1x | |||||
(x) LTM Sales | 290 | 290 | 290 | |||||
(=) Equity Value | 297 | 313 | 329 | |||||
(/) Shares Outstanding | 17.9 | 17.9 | 17.9 | |||||
Implied Value Range | 16.61 | 17.48 | 18.36 | |||||
FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 16.61 | 17.48 | 18.36 | 24.38 | ||||
Upside / (Downside) | -31.9% | -28.3% | -24.7% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | BKD | ADUS | AMED | PNTG | CHE | SNDA | |
Value of Common Equity | 1,712 | 2,001 | 3,320 | 899 | 6,319 | 437 | |
(/) Shares Outstanding | 237.5 | 18.2 | 32.9 | 34.6 | 14.5 | 17.9 | |
Implied Stock Price | 7.21 | 110.19 | 100.94 | 26.00 | 435.33 | 24.38 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 7.21 | 110.19 | 100.94 | 26.00 | 435.33 | 24.38 | |
Trading Currency | USD | USD | USD | USD | USD | USD | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |