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Change Healthcare Enterprise Value

: $13,491 Mil (As of Today)
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Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Change Healthcare's Enterprise Value is $13,491 Mil. Change Healthcare's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 was $105 Mil. Therefore, Change Healthcare's EV-to-EBIT ratio for today is 128.12.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Change Healthcare's Enterprise Value is $13,491 Mil. Change Healthcare's EBITDA for the trailing twelve months (TTM) ended in Jun. 2022 was $795 Mil. Therefore, Change Healthcare's EV-to-EBITDA ratio for today is 16.98.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Change Healthcare's Enterprise Value is $13,491 Mil. Change Healthcare's Revenue for the trailing twelve months (TTM) ended in Jun. 2022 was $3,497 Mil. Therefore, Change Healthcare's EV-to-Revenue ratio for today is 3.86.


Change Healthcare Enterprise Value Historical Data

The historical data trend for Change Healthcare's Enterprise Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Change Healthcare Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Enterprise Value
Premium Member Only - - 7,609.91 11,535.21 11,238.08

Change Healthcare Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Enterprise Value Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11,905.12 11,191.78 11,237.84 11,238.08 12,005.80

Competitive Comparison

For the Health Information Services subindustry, Change Healthcare's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Change Healthcare Enterprise Value Distribution

For the Healthcare Providers & Services industry and Healthcare sector, Change Healthcare's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Change Healthcare's Enterprise Value falls into.



Change Healthcare Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Change Healthcare's Enterprise Value for the fiscal year that ended in Mar. 2022 is calculated as

Change Healthcare's Enterprise Value for the quarter that ended in Jun. 2022 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Change Healthcare  (NAS:CHNG) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Change Healthcare's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=13491.054/105.302
=128.12

Change Healthcare's current Enterprise Value is $13,491 Mil.
Change Healthcare's EBIT for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $105 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Change Healthcare's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=13491.054/794.715
=16.98

Change Healthcare's current Enterprise Value is $13,491 Mil.
Change Healthcare's EBITDA for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $795 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Change Healthcare's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=13491.054/3497.429
=3.86

Change Healthcare's current Enterprise Value is $13,491 Mil.
Change Healthcare's Revenue for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,497 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Change Healthcare Enterprise Value Related Terms

Thank you for viewing the detailed overview of Change Healthcare's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.


Change Healthcare Business Description

Change Healthcare logo
Traded in Other Exchanges
Address
424 Church Street, Suite 1400, Nashville, TN, USA, 37219
Change Healthcare is a spin-off of various healthcare processing and consulting services acquired by McKesson over numerous years. Recently, these processing assets were contributed to a joint venture and in June 2019 public shares were issued with McKesson retaining the majority interest. As of the end of the March 2020 quarter, McKesson distributed all its interest in the public processor. Core services consist of insurance (healthcare) claim clearinghouse for healthcare payers in addition to administrative and consulting services to assist healthcare providers improve reimbursement coding, billing, and collections.
Executives
Byers Tracy officer: SVP and GM, Enterprise Imaging C/O CHANGE HEALTHCARE INC. 424 CHURCH STREET, SUITE 1400 NASHVILLE TN 37219
Domenici Nella director C/O ALLIANCEBERNSTEIN 1345 AVENUE OF THE AMERICAS NEW YORK NY 10105
Martin Steven B. officer: EVP, Enterprise Technology 3055 LEBANON PIKE SUITE 1000 NASHVILLE TN 37214
Mckenzie Diana director METLIFE 200 PARK AVENUE NEW YORK NY 10166
Blackstone Family Investment Partnership Vi L.p. 10 percent owner C/O THE BLACKSTONE GROUP 345 PARK AVENUE NEW YORK NY 10154
O'reilly Roderick H. officer: See Remarks C/O CHANGE HEALTHCARE INC. 3055 LEBANON PIKE, SUITE 1000 NASHVILLE TN 37214
Bcp Vi Side-by-side Gp L.l.c. 10 percent owner C/O THE BLACKSTONE GROUP 345 PARK AVENUE NEW YORK NY 10154
Mcenery Thomas officer: EVP & Chief Marketing Officer
Simpkins Neil P director C/O BLACKSTONE GROUP 345 PARK AVENUE NEW YORK NY 10154
Whitley-taylor Linda officer: EVP & Chief People Officer AMERIGROUP CORPORATION 4425 CORPORATION LANE VIRGINIA BEACH VA 23462
Roe Phillip W. director 20 BURTON HILLS BOULEVARD SUITE 100 NASHVILLE TN 37215
Joshi Kriten officer: See Remarks C/O CHANGE HEALTHCARE INC. 3055 LEBANON PIKE, SUITE 1000 NASHVILLE TN 37214
Rareshide Paul officer: SVP, Corporate Controller C/O CHANGE HEALTHCARE INC. 3055 LEBANON PIKE, SUITE 1000 NASHVILLE TN 37214
Laur Thomas officer: See Remarks C/O CHANGE HEALTHCARE INC. 3055 LEBANON PIKE, SUITE 1000 NASHVILLE TN 37214
Calhoun August officer: See Remarks C/O CHANGE HEALTHCARE INC. 3055 LEBANON PIKE, SUITE 1000 NASHVILLE TN 37214

Change Healthcare Headlines

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