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BRIGHT HEALTH GROUP INC (BHG) Stock Fundamental Analysis

NYSE:BHG - US10920V4041 - Common Stock

16.35 USD
+1.4 (+9.36%)
Last: 1/26/2024, 8:04:13 PM
Fundamental Rating

2

Overall BHG gets a fundamental rating of 2 out of 10. We evaluated BHG against 101 industry peers in the Health Care Providers & Services industry. Both the profitability and financial health of BHG have multiple concerns. BHG is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1. Profitability

1.1 Basic Checks

In the past year BHG has reported negative net income.
BHG had a negative operating cash flow in the past year.
In the past 5 years BHG always reported negative net income.
The reported operating cash flow has been mixed in the past 5 years: BHG reported negative operating cash flow in multiple years.
BHG Yearly Net Income VS EBIT VS OCF VS FCFBHG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 0 -500M -1B

1.2 Ratios

BHG has a Return On Assets of -79.71%. This is amonst the worse of the industry: BHG underperforms 90.43% of its industry peers.
Industry RankSector Rank
ROA -79.71%
ROE N/A
ROIC N/A
ROA(3y)-26.23%
ROA(5y)N/A
ROE(3y)-110.76%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
BHG Yearly ROA, ROE, ROICBHG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 -50 -100 -150 -200

1.3 Margins

The Profit Margin and Operating Margin and Gross Margin are not available for BHG so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
BHG Yearly Profit, Operating, Gross MarginsBHG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 -20 -40 -60

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2. Health

2.1 Basic Checks

BHG does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for BHG remains at a similar level compared to 1 year ago.
Compared to 1 year ago, BHG has a worse debt to assets ratio.
BHG Yearly Shares OutstandingBHG Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2M 4M 6M
BHG Yearly Total Debt VS Total AssetsBHG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 1B 2B 3B 4B

2.2 Solvency

BHG has an Altman-Z score of -1.98. This is a bad value and indicates that BHG is not financially healthy and even has some risk of bankruptcy.
BHG's Altman-Z score of -1.98 is on the low side compared to the rest of the industry. BHG is outperformed by 81.74% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Altman-Z -1.98
ROIC/WACCN/A
WACC6.5%
BHG Yearly LT Debt VS Equity VS FCFBHG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 0 200M 400M 600M 800M 1B

2.3 Liquidity

A Current Ratio of 1.09 indicates that BHG should not have too much problems paying its short term obligations.
The Current ratio of BHG (1.09) is worse than 66.09% of its industry peers.
A Quick Ratio of 1.09 indicates that BHG should not have too much problems paying its short term obligations.
BHG has a Quick ratio of 1.09. This is comparable to the rest of the industry: BHG outperforms 40.87% of its industry peers.
Industry RankSector Rank
Current Ratio 1.09
Quick Ratio 1.09
BHG Yearly Current Assets VS Current LiabilitesBHG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 200M 400M 600M 800M 1B

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3. Growth

3.1 Past

BHG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 47.41%, which is quite impressive.
The Revenue has grown by 367.50% in the past year. This is a very strong growth!
The Revenue has been growing by 104.82% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)47.41%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%78.68%
Revenue 1Y (TTM)367.5%
Revenue growth 3Y104.82%
Revenue growth 5YN/A
Sales Q2Q%39.3%

3.2 Future

Based on estimates for the next years, BHG will show a very strong growth in Earnings Per Share. The EPS will grow by 24.13% on average per year.
The Revenue is expected to decrease by -15.72% on average over the next years. This is quite bad
EPS Next Y25.96%
EPS Next 2Y38.14%
EPS Next 3Y24.13%
EPS Next 5YN/A
Revenue Next Year-45.23%
Revenue Next 2Y-27.55%
Revenue Next 3Y-15.72%
Revenue Next 5YN/A

3.3 Evolution

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.
BHG Yearly Revenue VS EstimatesBHG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B
BHG Yearly EPS VS EstimatesBHG Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 -50 -100

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for BHG. In the last year negative earnings were reported.
Also next year BHG is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
BHG Price Earnings VS Forward Price EarningsBHG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
BHG Per share dataBHG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 200 -200

4.3 Compensation for Growth

BHG's earnings are expected to grow with 24.13% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y38.14%
EPS Next 3Y24.13%

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5. Dividend

5.1 Amount

No dividends for BHG!.
Industry RankSector Rank
Dividend Yield N/A

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BRIGHT HEALTH GROUP INC

NYSE:BHG (1/26/2024, 8:04:13 PM)

16.35

+1.4 (+9.36%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
Earnings (Last)11-07 2023-11-07/bmo
Earnings (Next)03-01 2024-03-01/amc
Inst Owners65.17%
Inst Owner Change-0.56%
Ins Owners1738.12%
Ins Owner Change0%
Market Cap130.47M
Analysts49.09
Price Target27.2 (66.36%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)1
Avg EPS beat(2)-33.04%
Min EPS beat(2)-93.71%
Max EPS beat(2)27.63%
EPS beat(4)2
Avg EPS beat(4)-29.92%
Min EPS beat(4)-93.71%
Max EPS beat(4)33.99%
EPS beat(8)2
Avg EPS beat(8)-51.14%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-33.49%
Min Revenue beat(2)-60.77%
Max Revenue beat(2)-6.22%
Revenue beat(4)1
Avg Revenue beat(4)-30.07%
Min Revenue beat(4)-61.47%
Max Revenue beat(4)8.17%
Revenue beat(8)1
Avg Revenue beat(8)-79.17%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-29.82%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-20.06%
EPS NY rev (1m)0%
EPS NY rev (3m)-293.09%
Revenue NQ rev (1m)-1.13%
Revenue NQ rev (3m)0.14%
Revenue NY rev (1m)13.29%
Revenue NY rev (3m)-0.38%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.05
P/FCF N/A
P/OCF N/A
P/B N/A
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-54.11
EYN/A
EPS(NY)-11.81
Fwd EYN/A
FCF(TTM)-285.84
FCFYN/A
OCF(TTM)-284.79
OCFYN/A
SpS345.44
BVpS-16.62
TBVpS-28.67
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -79.71%
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-26.23%
ROA(5y)N/A
ROE(3y)-110.76%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover1.34
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 27.54%
Cap/Sales 0.3%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.09
Quick Ratio 1.09
Altman-Z -1.98
F-Score3
WACC6.5%
ROIC/WACCN/A
Cap/Depr(3y)72.7%
Cap/Depr(5y)72.16%
Cap/Sales(3y)1.47%
Cap/Sales(5y)1.05%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)47.41%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%78.68%
EPS Next Y25.96%
EPS Next 2Y38.14%
EPS Next 3Y24.13%
EPS Next 5YN/A
Revenue 1Y (TTM)367.5%
Revenue growth 3Y104.82%
Revenue growth 5YN/A
Sales Q2Q%39.3%
Revenue Next Year-45.23%
Revenue Next 2Y-27.55%
Revenue Next 3Y-15.72%
Revenue Next 5YN/A
EBIT growth 1Y-91.36%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year100.46%
EBIT Next 3Y26.39%
EBIT Next 5YN/A
FCF growth 1Y-1745.74%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-1480.68%
OCF growth 3YN/A
OCF growth 5YN/A