Based on the measurements of operating efficiency obtained from ModivCare's historical financial statements, ModivCare is not in a good financial situation at this time. It has a very high probability of going through financial hardship in March. At this time, ModivCare's Intangible Assets are fairly stable compared to the past year. Property Plant Equipment is likely to climb to about 131.1 M in 2025, whereas Good Will is likely to drop slightly above 671.6 M in 2025. Key indicators impacting ModivCare's financial strength include:
The financial analysis of ModivCare is a critical element in measuring its lifeblood. Investors should not minimize ModivCare's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.
Please note, the imprecision that can be found in ModivCare's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of ModivCare. Check ModivCare's Beneish M Score to see the likelihood of ModivCare's management manipulating its earnings.
ModivCare Stock Summary
ModivCare competes with Ensign, Select Medical, Encompass Health, InnovAge Holding, and Enhabit. ModivCare Inc., a technology-enabled healthcare services company, provides a suite of integrated supportive care solutions for public and private payors and patients. ModivCare Inc. was incorporated in 1996 and is headquartered in Denver, Colorado. Modivcare operates under Medical Care Facilities classification in the United States and is traded on NASDAQ Exchange. It employs 20200 people.
The reason investors look at the income statement is to determine what ModivCare's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
Comparative valuation techniques use various fundamental indicators to help in determining ModivCare's current stock value. Our valuation model uses many indicators to compare ModivCare value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across ModivCare competition to find correlations between indicators driving ModivCare's intrinsic value. More Info.
ModivCare is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . At this time, ModivCare's Return On Equity is fairly stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value ModivCare by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.
ModivCare Systematic Risk
ModivCare's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. ModivCare volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was thirty with a total number of output elements of thirty-one. The Beta measures systematic risk based on how returns on ModivCare correlated with the market. If Beta is less than 0 ModivCare generally moves in the opposite direction as compared to the market. If ModivCare Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one ModivCare is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of ModivCare is generally in the same direction as the market. If Beta > 1 ModivCare moves generally in the same direction as, but more than the movement of the benchmark.
ModivCare Thematic Clasifications
ModivCare is part of Transportation investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Transportation industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
This theme covers USA Equities from Transportation industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in ModivCare Stock are looking for potential investment opportunities by analyzing not only static indicators but also various ModivCare's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of ModivCare growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of ModivCare help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of ModivCare. We use our internally-developed statistical techniques to arrive at the intrinsic value of ModivCare based on widely used predictive technical indicators. In general, we focus on analyzing ModivCare Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build ModivCare's daily price indicators and compare them against related drivers.
When running ModivCare's price analysis, check to measure ModivCare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ModivCare is operating at the current time. Most of ModivCare's value examination focuses on studying past and present price action to predict the probability of ModivCare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ModivCare's price. Additionally, you may evaluate how the addition of ModivCare to your portfolios can decrease your overall portfolio volatility.