MAXIMUS INC (MMS) Fundamental Analysis & Valuation

NYSE:MMS • US5779331041

Current stock price

65.35 USD
-0.68 (-1.03%)
Last:

This MMS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. MMS Profitability Analysis

1.1 Basic Checks

  • MMS had positive earnings in the past year.
  • MMS had a positive operating cash flow in the past year.
  • In the past 5 years MMS has always been profitable.
  • MMS had a positive operating cash flow in each of the past 5 years.
MMS Yearly Net Income VS EBIT VS OCF VS FCFMMS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M

1.2 Ratios

  • MMS has a better Return On Assets (8.83%) than 81.82% of its industry peers.
  • The Return On Equity of MMS (21.62%) is better than 84.09% of its industry peers.
  • MMS has a Return On Invested Capital of 12.02%. This is amongst the best in the industry. MMS outperforms 82.95% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for MMS is in line with the industry average of 11.08%.
  • The 3 year average ROIC (10.34%) for MMS is below the current ROIC(12.02%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 8.83%
ROE 21.62%
ROIC 12.02%
ROA(3y)6.44%
ROA(5y)6.3%
ROE(3y)15.14%
ROE(5y)15.65%
ROIC(3y)10.34%
ROIC(5y)9.45%
MMS Yearly ROA, ROE, ROICMMS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

1.3 Margins

  • The Profit Margin of MMS (6.92%) is better than 64.77% of its industry peers.
  • In the last couple of years the Profit Margin of MMS has remained more or less at the same level.
  • MMS's Operating Margin of 10.94% is fine compared to the rest of the industry. MMS outperforms 72.73% of its industry peers.
  • MMS's Operating Margin has improved in the last couple of years.
  • MMS has a Gross Margin of 25.13%. This is in the lower half of the industry: MMS underperforms 65.91% of its industry peers.
  • MMS's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 10.94%
PM (TTM) 6.92%
GM 25.13%
OM growth 3Y15.62%
OM growth 5Y4.76%
PM growth 3Y10.1%
PM growth 5Y-1.06%
GM growth 3Y6.55%
GM growth 5Y3.63%
MMS Yearly Profit, Operating, Gross MarginsMMS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20

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6

2. MMS Health Analysis

2.1 Basic Checks

  • MMS has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for MMS has been reduced compared to 1 year ago.
  • MMS has less shares outstanding than it did 5 years ago.
  • The debt/assets ratio for MMS is higher compared to a year ago.
MMS Yearly Shares OutstandingMMS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
MMS Yearly Total Debt VS Total AssetsMMS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.2 Solvency

  • An Altman-Z score of 3.21 indicates that MMS is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of MMS (3.21) is better than 60.23% of its industry peers.
  • The Debt to FCF ratio of MMS is 7.17, which is on the high side as it means it would take MMS, 7.17 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 7.17, MMS is in line with its industry, outperforming 52.27% of the companies in the same industry.
  • A Debt/Equity ratio of 0.88 indicates that MMS is somewhat dependend on debt financing.
  • The Debt to Equity ratio of MMS (0.88) is worse than 60.23% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 7.17
Altman-Z 3.21
ROIC/WACC1.16
WACC10.32%
MMS Yearly LT Debt VS Equity VS FCFMMS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.3 Liquidity

  • MMS has a Current Ratio of 2.34. This indicates that MMS is financially healthy and has no problem in meeting its short term obligations.
  • The Current ratio of MMS (2.34) is better than 64.77% of its industry peers.
  • MMS has a Quick Ratio of 2.34. This indicates that MMS is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 2.34, MMS is in the better half of the industry, outperforming 65.91% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.34
Quick Ratio 2.34
MMS Yearly Current Assets VS Current LiabilitesMMS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. MMS Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 64.30% over the past year.
  • Measured over the past years, MMS shows a quite strong growth in Earnings Per Share. The EPS has been growing by 13.77% on average per year.
  • The Revenue has decreased by -0.15% in the past year.
  • MMS shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.43% yearly.
EPS 1Y (TTM)64.3%
EPS 3Y25.35%
EPS 5Y13.77%
EPS Q2Q%168.12%
Revenue 1Y (TTM)-0.15%
Revenue growth 3Y5.46%
Revenue growth 5Y9.43%
Sales Q2Q%-4.11%

3.2 Future

  • The Earnings Per Share is expected to grow by 19.19% on average over the next years. This is quite good.
  • MMS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.05% yearly.
EPS Next Y32.72%
EPS Next 2Y19.19%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-0.96%
Revenue Next 2Y2.05%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
MMS Yearly Revenue VS EstimatesMMS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1B 2B 3B 4B 5B
MMS Yearly EPS VS EstimatesMMS Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2 4 6 8

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9

4. MMS Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 8.55, the valuation of MMS can be described as reasonable.
  • Compared to the rest of the industry, the Price/Earnings ratio of MMS indicates a rather cheap valuation: MMS is cheaper than 87.50% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 25.23, MMS is valued rather cheaply.
  • Based on the Price/Forward Earnings ratio of 7.10, the valuation of MMS can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, MMS is valued cheaper than 88.64% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.51. MMS is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 8.55
Fwd PE 7.1
MMS Price Earnings VS Forward Price EarningsMMS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, MMS is valued cheaper than 85.23% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, MMS is valued a bit cheaper than 61.36% of the companies in the same industry.
Industry RankSector Rank
P/FCF 16.32
EV/EBITDA 6.96
MMS Per share dataMMS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80

4.3 Compensation for Growth

  • MMS's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • MMS has an outstanding profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as MMS's earnings are expected to grow with 19.19% in the coming years.
PEG (NY)0.26
PEG (5Y)0.62
EPS Next 2Y19.19%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. MMS Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.92%, MMS has a reasonable but not impressive dividend return.
  • The stock price of MMS dropped by -23.99% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
  • MMS's Dividend Yield is rather good when compared to the industry average which is at 0.97. MMS pays more dividend than 85.23% of the companies in the same industry.
  • MMS's Dividend Yield is comparable with the S&P500 average which is at 1.90.
Industry RankSector Rank
Dividend Yield 1.92%

5.2 History

  • The dividend of MMS has a limited annual growth rate of 1.30%.
  • MMS has paid a dividend for at least 10 years, which is a reliable track record.
  • MMS has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1.3%
Div Incr Years2
Div Non Decr Years19
MMS Yearly Dividends per shareMMS Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.2 0.4 0.6 0.8 1

5.3 Sustainability

  • MMS pays out 18.02% of its income as dividend. This is a sustainable payout ratio.
  • MMS's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP18.02%
EPS Next 2Y19.19%
EPS Next 3YN/A
MMS Yearly Income VS Free CF VS DividendMMS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
MMS Dividend Payout.MMS Dividend Payout, showing the Payout Ratio.MMS Dividend Payout.PayoutRetained Earnings

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MMS Fundamentals: All Metrics, Ratios and Statistics

MAXIMUS INC

NYSE:MMS (3/27/2026, 1:28:07 PM)

65.35

-0.68 (-1.03%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustryIT Services
Earnings (Last)02-05
Earnings (Next)05-06
Inst Owners109.77%
Inst Owner Change-0.23%
Ins Owners0.93%
Ins Owner Change-0.8%
Market Cap3.56B
Revenue(TTM)5.37B
Net Income(TTM)371.78M
Analysts80
Price Target112.2 (71.69%)
Short Float %5.54%
Short Ratio4.23
Dividend
Industry RankSector Rank
Dividend Yield 1.92%
Yearly Dividend1.19
Dividend Growth(5Y)1.3%
DP18.02%
Div Incr Years2
Div Non Decr Years19
Ex-Date02-13
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.66%
Min EPS beat(2)-3.95%
Max EPS beat(2)0.64%
EPS beat(4)3
Avg EPS beat(4)23.01%
Min EPS beat(4)-3.95%
Max EPS beat(4)51.14%
EPS beat(8)5
Avg EPS beat(8)8.74%
EPS beat(12)6
Avg EPS beat(12)1.44%
EPS beat(16)8
Avg EPS beat(16)2.8%
Revenue beat(2)0
Avg Revenue beat(2)-2.93%
Min Revenue beat(2)-3.16%
Max Revenue beat(2)-2.7%
Revenue beat(4)2
Avg Revenue beat(4)0.47%
Min Revenue beat(4)-3.16%
Max Revenue beat(4)4.19%
Revenue beat(8)5
Avg Revenue beat(8)1.86%
Revenue beat(12)6
Avg Revenue beat(12)1.03%
Revenue beat(16)10
Avg Revenue beat(16)2.14%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.99%
EPS NY rev (1m)4.22%
EPS NY rev (3m)4.22%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.59%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.25%
Valuation
Industry RankSector Rank
PE 8.55
Fwd PE 7.1
P/S 0.66
P/FCF 16.32
P/OCF 13.45
P/B 2.07
P/tB N/A
EV/EBITDA 6.96
EPS(TTM)7.64
EY11.69%
EPS(NY)9.21
Fwd EY14.09%
FCF(TTM)4.01
FCFY6.13%
OCF(TTM)4.86
OCFY7.43%
SpS98.51
BVpS31.53
TBVpS-14.48
PEG (NY)0.26
PEG (5Y)0.62
Graham Number73.62
Profitability
Industry RankSector Rank
ROA 8.83%
ROE 21.62%
ROCE 16.32%
ROIC 12.02%
ROICexc 12.49%
ROICexgc 45.39%
OM 10.94%
PM (TTM) 6.92%
GM 25.13%
FCFM 4.07%
ROA(3y)6.44%
ROA(5y)6.3%
ROE(3y)15.14%
ROE(5y)15.65%
ROIC(3y)10.34%
ROIC(5y)9.45%
ROICexc(3y)10.91%
ROICexc(5y)9.89%
ROICexgc(3y)61.23%
ROICexgc(5y)57.48%
ROCE(3y)14.05%
ROCE(5y)12.84%
ROICexgc growth 3Y20.97%
ROICexgc growth 5Y17.33%
ROICexc growth 3Y23.18%
ROICexc growth 5Y-2.21%
OM growth 3Y15.62%
OM growth 5Y4.76%
PM growth 3Y10.1%
PM growth 5Y-1.06%
GM growth 3Y6.55%
GM growth 5Y3.63%
F-Score6
Asset Turnover1.28
Health
Industry RankSector Rank
Debt/Equity 0.88
Debt/FCF 7.17
Debt/EBITDA 2.09
Cap/Depr 34.33%
Cap/Sales 0.87%
Interest Coverage 3.85
Cash Conversion 36.64%
Profit Quality 58.77%
Current Ratio 2.34
Quick Ratio 2.34
Altman-Z 3.21
F-Score6
WACC10.32%
ROIC/WACC1.16
Cap/Depr(3y)71.11%
Cap/Depr(5y)59.18%
Cap/Sales(3y)1.83%
Cap/Sales(5y)1.52%
Profit Quality(3y)125.93%
Profit Quality(5y)131.51%
High Growth Momentum
Growth
EPS 1Y (TTM)64.3%
EPS 3Y25.35%
EPS 5Y13.77%
EPS Q2Q%168.12%
EPS Next Y32.72%
EPS Next 2Y19.19%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-0.15%
Revenue growth 3Y5.46%
Revenue growth 5Y9.43%
Sales Q2Q%-4.11%
Revenue Next Year-0.96%
Revenue Next 2Y2.05%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y25.64%
EBIT growth 3Y21.93%
EBIT growth 5Y14.64%
EBIT Next Year39.79%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-41.48%
FCF growth 3Y16.15%
FCF growth 5Y12.42%
OCF growth 1Y-43.7%
OCF growth 3Y14%
OCF growth 5Y11.91%

MAXIMUS INC / MMS Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for MAXIMUS INC?

ChartMill assigns a fundamental rating of 7 / 10 to MMS.


What is the valuation status of MAXIMUS INC (MMS) stock?

ChartMill assigns a valuation rating of 9 / 10 to MAXIMUS INC (MMS). This can be considered as Undervalued.


Can you provide the profitability details for MAXIMUS INC?

MAXIMUS INC (MMS) has a profitability rating of 8 / 10.


What is the expected EPS growth for MAXIMUS INC (MMS) stock?

The Earnings per Share (EPS) of MAXIMUS INC (MMS) is expected to grow by 32.72% in the next year.


Is the dividend of MAXIMUS INC sustainable?

The dividend rating of MAXIMUS INC (MMS) is 7 / 10 and the dividend payout ratio is 18.02%.