ADAPTHEALTH CORP (AHCO) Stock Fundamental Analysis
USA - NASDAQ:AHCO - US00653Q1022 - Common Stock
9.37 USD
+0.14 (+1.52%)
9.41 USD
+0.04 (+0.43%)
Taking everything into account, AHCO scores 5 out of 10 in our fundamental rating. AHCO was compared to 101 industry peers in the Health Care Providers & Services industry. AHCO has a medium profitability rating, but doesn't score so well on its financial health evaluation. AHCO may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
In the past year AHCO was profitable.
In the past year AHCO had a positive cash flow from operations.
In multiple years AHCO reported negative net income over the last 5 years.
AHCO had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
AHCO has a Return On Assets (1.66%) which is in line with its industry peers.
AHCO has a Return On Equity of 4.73%. This is in the better half of the industry: AHCO outperforms 61.39% of its industry peers.
AHCO has a Return On Invested Capital of 4.66%. This is comparable to the rest of the industry: AHCO outperforms 55.45% of its industry peers.
AHCO had an Average Return On Invested Capital over the past 3 years of 4.25%. This is significantly below the industry average of 9.28%.
The last Return On Invested Capital (4.66%) for AHCO is above the 3 year average (4.25%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.66% | ||
| ROE | 4.73% | ||
| ROIC | 4.66% |
ROA(3y)-4%
ROA(5y)-3.64%
ROE(3y)-12.78%
ROE(5y)-15.4%
ROIC(3y)4.25%
ROIC(5y)3.76%
1.3 Margins
AHCO's Profit Margin of 2.29% is fine compared to the rest of the industry. AHCO outperforms 64.36% of its industry peers.
AHCO's Profit Margin has declined in the last couple of years.
AHCO has a Operating Margin of 8.10%. This is in the better half of the industry: AHCO outperforms 74.26% of its industry peers.
AHCO's Operating Margin has improved in the last couple of years.
AHCO's Gross Margin of 24.25% is in line compared to the rest of the industry. AHCO outperforms 49.51% of its industry peers.
AHCO's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.1% | ||
| PM (TTM) | 2.29% | ||
| GM | 24.25% |
OM growth 3Y1.95%
OM growth 5Y11.03%
PM growth 3Y-23.99%
PM growth 5YN/A
GM growth 3Y4.28%
GM growth 5Y4.45%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AHCO is destroying value.
AHCO has more shares outstanding than it did 1 year ago.
AHCO has more shares outstanding than it did 5 years ago.
The debt/assets ratio for AHCO has been reduced compared to a year ago.
2.2 Solvency
AHCO has an Altman-Z score of 1.05. This is a bad value and indicates that AHCO is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of AHCO (1.05) is worse than 70.30% of its industry peers.
AHCO has a debt to FCF ratio of 8.74. This is a slightly negative value and a sign of low solvency as AHCO would need 8.74 years to pay back of all of its debts.
AHCO has a Debt to FCF ratio (8.74) which is in line with its industry peers.
A Debt/Equity ratio of 1.27 is on the high side and indicates that AHCO has dependencies on debt financing.
The Debt to Equity ratio of AHCO (1.27) is worse than 65.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.27 | ||
| Debt/FCF | 8.74 | ||
| Altman-Z | 1.05 |
ROIC/WACC0.62
WACC7.52%
2.3 Liquidity
A Current Ratio of 1.33 indicates that AHCO should not have too much problems paying its short term obligations.
AHCO has a Current ratio (1.33) which is comparable to the rest of the industry.
A Quick Ratio of 1.09 indicates that AHCO should not have too much problems paying its short term obligations.
The Quick ratio of AHCO (1.09) is worse than 62.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.33 | ||
| Quick Ratio | 1.09 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 122.46% over the past year.
The Earnings Per Share has been growing by 10.23% on average over the past years. This is quite good.
Looking at the last year, AHCO shows a very negative growth in Revenue. The Revenue has decreased by -20.04% in the last year.
AHCO shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 43.84% yearly.
EPS 1Y (TTM)122.46%
EPS 3Y10.23%
EPS 5YN/A
EPS Q2Q%-200%
Revenue 1Y (TTM)-20.04%
Revenue growth 3Y9.93%
Revenue growth 5Y43.84%
Sales Q2Q%-0.7%
3.2 Future
The Earnings Per Share is expected to grow by 26.56% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 7.27% on average over the next years.
EPS Next Y34.3%
EPS Next 2Y37.99%
EPS Next 3Y31.5%
EPS Next 5Y26.56%
Revenue Next Year-0.24%
Revenue Next 2Y3.24%
Revenue Next 3Y5.34%
Revenue Next 5Y7.27%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 30.23, the valuation of AHCO can be described as expensive.
AHCO's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 26.89. AHCO is around the same levels.
Based on the Price/Forward Earnings ratio of 8.20, the valuation of AHCO can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AHCO indicates a rather cheap valuation: AHCO is cheaper than 95.05% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of AHCO to the average of the S&P500 Index (22.99), we can say AHCO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.23 | ||
| Fwd PE | 8.2 |
4.2 Price Multiples
92.08% of the companies in the same industry are more expensive than AHCO, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, AHCO is valued cheaply inside the industry as 97.03% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.48 | ||
| EV/EBITDA | 5.04 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of AHCO may justify a higher PE ratio.
AHCO's earnings are expected to grow with 31.50% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.88
PEG (5Y)N/A
EPS Next 2Y37.99%
EPS Next 3Y31.5%
5. Dividend
5.1 Amount
AHCO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
9.37
+0.14 (+1.52%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
Earnings (Last)
Earnings (Next)
Inst Owners93.9%
Inst Owner Change-0.28%
Ins Owners1.82%
Ins Owner Change1.38%
Market Cap1.27B
Revenue(TTM)3.24B
Net Income(TTM)74.29M
Analysts81.43
Price Target13.39 (42.9%)
Short Float %9.37%
Short Ratio11.73
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-768.16%
Min EPS beat(2)-1325.49%
Max EPS beat(2)-210.83%
EPS beat(4)1
Avg EPS beat(4)-378.06%
Min EPS beat(4)-1325.49%
Max EPS beat(4)35.5%
EPS beat(8)2
Avg EPS beat(8)-338.41%
EPS beat(12)3
Avg EPS beat(12)-237.75%
EPS beat(16)3
Avg EPS beat(16)-191.06%
Revenue beat(2)0
Avg Revenue beat(2)-1.33%
Min Revenue beat(2)-2.38%
Max Revenue beat(2)-0.28%
Revenue beat(4)1
Avg Revenue beat(4)-0.94%
Min Revenue beat(4)-2.38%
Max Revenue beat(4)1.28%
Revenue beat(8)3
Avg Revenue beat(8)-0.44%
Revenue beat(12)5
Avg Revenue beat(12)-0.65%
Revenue beat(16)7
Avg Revenue beat(16)-0.18%
PT rev (1m)0%
PT rev (3m)1.94%
EPS NQ rev (1m)-7.18%
EPS NQ rev (3m)-25.38%
EPS NY rev (1m)-0.63%
EPS NY rev (3m)3.49%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.65%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.23 | ||
| Fwd PE | 8.2 | ||
| P/S | 0.39 | ||
| P/FCF | 5.48 | ||
| P/OCF | 2.3 | ||
| P/B | 0.81 | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.04 |
EPS(TTM)0.31
EY3.31%
EPS(NY)1.14
Fwd EY12.19%
FCF(TTM)1.71
FCFY18.24%
OCF(TTM)4.08
OCFY43.57%
SpS23.95
BVpS11.61
TBVpS-8.94
PEG (NY)0.88
PEG (5Y)N/A
Graham Number9
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.66% | ||
| ROE | 4.73% | ||
| ROCE | 6.69% | ||
| ROIC | 4.66% | ||
| ROICexc | 4.8% | ||
| ROICexgc | 17.76% | ||
| OM | 8.1% | ||
| PM (TTM) | 2.29% | ||
| GM | 24.25% | ||
| FCFM | 7.13% |
ROA(3y)-4%
ROA(5y)-3.64%
ROE(3y)-12.78%
ROE(5y)-15.4%
ROIC(3y)4.25%
ROIC(5y)3.76%
ROICexc(3y)4.34%
ROICexc(5y)3.9%
ROICexgc(3y)17.05%
ROICexgc(5y)18.83%
ROCE(3y)6.1%
ROCE(5y)5.39%
ROICexgc growth 3Y0.25%
ROICexgc growth 5Y-13.24%
ROICexc growth 3Y18.04%
ROICexc growth 5Y-2.96%
OM growth 3Y1.95%
OM growth 5Y11.03%
PM growth 3Y-23.99%
PM growth 5YN/A
GM growth 3Y4.28%
GM growth 5Y4.45%
F-Score7
Asset Turnover0.72
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.27 | ||
| Debt/FCF | 8.74 | ||
| Debt/EBITDA | 3.16 | ||
| Cap/Depr | 87.27% | ||
| Cap/Sales | 9.91% | ||
| Interest Coverage | 2.35 | ||
| Cash Conversion | 87.62% | ||
| Profit Quality | 311.22% | ||
| Current Ratio | 1.33 | ||
| Quick Ratio | 1.09 | ||
| Altman-Z | 1.05 |
F-Score7
WACC7.52%
ROIC/WACC0.62
Cap/Depr(3y)94.46%
Cap/Depr(5y)82.09%
Cap/Sales(3y)11.04%
Cap/Sales(5y)9.03%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)122.46%
EPS 3Y10.23%
EPS 5YN/A
EPS Q2Q%-200%
EPS Next Y34.3%
EPS Next 2Y37.99%
EPS Next 3Y31.5%
EPS Next 5Y26.56%
Revenue 1Y (TTM)-20.04%
Revenue growth 3Y9.93%
Revenue growth 5Y43.84%
Sales Q2Q%-0.7%
Revenue Next Year-0.24%
Revenue Next 2Y3.24%
Revenue Next 3Y5.34%
Revenue Next 5Y7.27%
EBIT growth 1Y-23.13%
EBIT growth 3Y12.08%
EBIT growth 5Y59.71%
EBIT Next Year170.35%
EBIT Next 3Y49.37%
EBIT Next 5YN/A
FCF growth 1Y960.55%
FCF growth 3Y48.23%
FCF growth 5Y43.24%
OCF growth 1Y28.27%
OCF growth 3Y25.26%
OCF growth 5Y55.08%
ADAPTHEALTH CORP / AHCO FAQ
What is the ChartMill fundamental rating of ADAPTHEALTH CORP (AHCO) stock?
ChartMill assigns a fundamental rating of 5 / 10 to AHCO.
Can you provide the valuation status for ADAPTHEALTH CORP?
ChartMill assigns a valuation rating of 7 / 10 to ADAPTHEALTH CORP (AHCO). This can be considered as Undervalued.
How profitable is ADAPTHEALTH CORP (AHCO) stock?
ADAPTHEALTH CORP (AHCO) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for AHCO stock?
The Price/Earnings (PE) ratio for ADAPTHEALTH CORP (AHCO) is 30.23 and the Price/Book (PB) ratio is 0.81.