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Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2024-04-27), ModivCare's Intrinsic Value: Projected FCF is $73.68. The stock price of ModivCare is $23.56. Therefore, ModivCare's Price-to-Intrinsic-Value-Projected-FCF of today is 0.3.
The historical rank and industry rank for ModivCare's Intrinsic Value: Projected FCF or its related term are showing as below:
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of ModivCare was 2.13. The lowest was 0.32. And the median was 1.45.
The historical data trend for ModivCare's Intrinsic Value: Projected FCF 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.
ModivCare Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | 35.50 | 65.07 | 96.39 | 108.17 | 73.68 |
ModivCare Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | 108.17 | 93.10 | 65.19 | 81.38 | 73.68 |
For the Medical Care Facilities subindustry, ModivCare's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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.
For the Healthcare Providers & Services industry and Healthcare sector, ModivCare's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where ModivCare's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)
In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)
Add all the Free Cash Flow together and divide 6 will get ModivCare's Free Cash Flow(6 year avg) = $61.93.
ModivCare's Intrinsic Value: Projected FCF for today is calculated as
Intrinsic Value: Projected FCF | = | (Growth Multiple | * | Free Cash Flow (6 year avg) | + | Total Stockholders Equity (Dec23) | * | 0.8) | / | Shares Outstanding (Diluted Average) |
= | (14.862653310476 | * | 61.92784 | + | 156.195 | * | 0.8) | / | 14.187 | |
= | 73.68 |
* 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.
ModivCare (NAS:MODV) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
ModivCare's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF | = | Share Price | / | Intrinsic Value: Projected FCF |
= | 23.56 | / | 73.684923957611 | |
= | 0.32 |
* 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.
Thank you for viewing the detailed overview of ModivCare's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Barbara Gutierrez | officer: Chief Financial Officer | 8950 E. LOWRY BLVD., DENVER CO 80230 |
L Heath Sampson | officer: Chief Financial Officer | C/O ADVANCED EMISSIONS SOLUTIONS, INC., 9135 S RIDGELINE BLVD STE 200, HIGHLANDS RANCH CO 80129 |
Coliseum Capital Management, Llc | director, 10 percent owner | 105 ROWAYTON AVENUE, ROWAYTON CT 06853 |
Henry Toledo | officer: Chief People Officer | 6900 LAYTON AVENUE, 12TH FLOOR, DENVER CO 80237 |
Jessica Kral | officer: Chief Information Officer | 6900 LAYTON AVENUE, 12TH FLOOR, DENVER CO 80237 |
Anne E, Bailey | officer: President, Home Division | 6900 LAYTON AVENUE, 12TH FLOOR, DENVER CO 80237 |
Rebecca Orcutt | officer: VP, Chief Accounting Officer | 6900 LAYTON AVENUE, 12TH FLOOR, DENVER CO 80237 |
Brett M. Hickman | officer: Chief Commercial Officer | 6900 LAYTON AVENUE, SUITE 1200, DENVER CO 80237 |
Ilias Simpson | officer: President, Transportation | 6900 LAYTON AVENUE, SUITE 1200, DENVER CO 80237 |
Jason E Anderson | officer: President of ModivCare Home | 6900 LAYTON AVENUE, SUITE 1200, DENVER CO 80237 |
Grover Wray | officer: Chief Human Resources Officer | DIGITALGLOBE, INC., 1300 WEST 120TH AVENUE, WESTMINSTER CO 80234 |
Daniel E Greenleaf | director, officer: CEO and President | C/O NABI BIO PHARMACEUTICALS, 5800 PARK OF COMMERCE BLVD., N.W., BOCA RATON FL 33487 |
Jonathan B Bush | officer: SVP, GC and Secretary | 6900 LAYTON AVENUE, 12TH FLOOR, DENVER CO 80237 |
Kenneth Shepard | officer: Vice President, CAO | 6900 LAYTON AVENUE, 12TH FLOOR, DENVER CO 80237 |
Stacy Saal | director | 4700 SOUTH SYRACUSE STREET, 4TH FLOOR, DENVER CO 80237 |
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