ModivCare Payout Ratio vs Dividend Yield Analysis

MODV Stock

USD 17.76 0.03 0.17%

ModivCare financial indicator trend analysis is infinitely more than just investigating ModivCare recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ModivCare is a good investment. Please check the relationship between ModivCare Payout Ratio and its Dividend Yield accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ModivCare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy ModivCare Stock please use our How to Invest in ModivCare guide.

Payout Ratio vs Dividend Yield

Payout Ratio vs Dividend Yield Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ModivCare Payout Ratio account and Dividend Yield. At this time, the significance of the direction appears to have almost identical trend.

The correlation between ModivCare's Payout Ratio and Dividend Yield is 0.91. Overlapping area represents the amount of variation of Payout Ratio that can explain the historical movement of Dividend Yield in the same time period over historical financial statements of ModivCare, assuming nothing else is changed. The correlation between historical values of ModivCare's Payout Ratio and Dividend Yield is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Payout Ratio of ModivCare are associated (or correlated) with its Dividend Yield. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Dividend Yield has no effect on the direction of Payout Ratio i.e., ModivCare's Payout Ratio and Dividend Yield go up and down completely randomly.

Correlation Coefficient

0.91

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Payout Ratio

Payout Ratio is the proportion of ModivCare earnings paid out as dividends to shareholders. Payout Ratio is typically expressed as a percentage but can be shown as dividends paid out as a proportion of cash flow. The payout ratio is used to determine the sustainability of ModivCare dividend payments. A lower payout ratio is generally preferable to a higher payout ratio, with a ratio greater than 100% indicating ModivCare is paying out more in dividends than it makes in net income.

Dividend Yield

Dividend Yield is ModivCare dividend as a percentage of ModivCare stock price. ModivCare dividend yield is a measure of ModivCare stock productivity, which can be interpreted as interest rate earned on an ModivCare investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.

Most indicators from ModivCare's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ModivCare current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ModivCare. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy ModivCare Stock please use our How to Invest in ModivCare guide.Enterprise Value is likely to climb to about 1.8 B in 2024, whereas Selling General Administrative is likely to drop slightly above 289.3 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	412.6M	472.3M	447.0M	469.3M
Total Revenue	2.0B	2.5B	2.8B	2.9B

Gross Profit Total Revenue

ModivCare fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Accounts Payable	Cash	Other Assets	Long Term Debt	Good Will	Other Current Assets	Total Liab	Preferred Stock Total Equity	Treasury Stock	Intangible Assets	Common Stock	Property Plant Equipment	Short Long Term Debt Total	Property Plant And Equipment Net	Net Debt	Retained Earnings	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding
Total Assets		0.97	0.98	0.36	0.7	0.12	0.15	0.94	0.97	0.36	0.98	0.41	-0.74	0.95	0.67	0.88	0.93	0.94	0.9	0.27	0.99	0.72	0.12	0.88	0.69	0.46
Other Current Liab	0.97		0.95	0.4	0.56	0.16	0.11	0.91	0.96	0.33	0.94	0.43	-0.75	0.92	0.66	0.84	0.89	0.89	0.85	0.35	0.98	0.61	0.16	0.81	0.68	0.45
Total Current Liabilities	0.98	0.95		0.29	0.76	0.08	0.13	0.94	0.95	0.33	0.98	0.4	-0.68	0.92	0.66	0.94	0.94	0.97	0.92	0.16	0.97	0.81	0.08	0.91	0.68	0.49
Total Stockholder Equity	0.36	0.4	0.29		0.06	0.38	0.34	0.04	0.23	0.54	0.16	0.48	-0.63	0.23	0.65	0.11	0.01	0.21	-0.04	0.9	0.31	-0.09	0.38	0.3	0.65	0.54
Accounts Payable	0.7	0.56	0.76	0.06		-0.23	0.13	0.72	0.68	0.27	0.73	0.22	-0.37	0.66	0.44	0.83	0.74	0.81	0.76	-0.14	0.7	0.9	-0.23	0.81	0.46	0.37
Cash	0.12	0.16	0.08	0.38	-0.23		0.27	-0.05	-0.02	0.28	0.04	-0.16	0.09	0.24	0.25	-0.2	-0.06	-0.1	-0.19	0.3	0.06	-0.19	1.0	-0.18	0.24	0.37
Other Assets	0.15	0.11	0.13	0.34	0.13	0.27		0.02	0.06	0.09	0.09	0.19	0.08	0.26	0.16	0.04	0.01	0.08	-0.02	0.11	0.12	0.03	0.27	0.12	0.16	0.32
Long Term Debt	0.94	0.91	0.94	0.04	0.72	-0.05	0.02		0.97	0.18	0.99	0.28	-0.6	0.93	0.48	0.91	1.0	0.93	0.99	-0.01	0.96	0.78	-0.05	0.84	0.5	0.28
Good Will	0.97	0.96	0.95	0.23	0.68	-0.02	0.06	0.97		0.26	0.98	0.37	-0.7	0.93	0.58	0.89	0.95	0.92	0.94	0.19	0.99	0.71	-0.02	0.84	0.6	0.34
Other Current Assets	0.36	0.33	0.33	0.54	0.27	0.28	0.09	0.18	0.26		0.26	0.18	-0.31	0.33	0.56	0.18	0.16	0.19	0.12	0.4	0.32	0.17	0.28	0.25	0.56	0.54
Total Liab	0.98	0.94	0.98	0.16	0.73	0.04	0.09	0.99	0.98	0.26		0.33	-0.64	0.95	0.56	0.91	0.99	0.95	0.97	0.08	0.98	0.78	0.04	0.87	0.58	0.37
Preferred Stock Total Equity	0.41	0.43	0.4	0.48	0.22	-0.16	0.19	0.28	0.37	0.18	0.33		-0.61	0.24	0.51	0.39	0.27	0.45	0.29	0.4	0.39	0.22	-0.16	0.55	0.52	0.36
Treasury Stock	-0.74	-0.75	-0.68	-0.63	-0.37	0.09	0.08	-0.6	-0.7	-0.31	-0.64	-0.61		-0.54	-0.68	-0.59	-0.58	-0.69	-0.58	-0.66	-0.73	-0.31	0.09	-0.76	-0.69	-0.28
Intangible Assets	0.95	0.92	0.92	0.23	0.66	0.24	0.26	0.93	0.93	0.33	0.95	0.24	-0.54		0.54	0.79	0.92	0.84	0.87	0.14	0.95	0.67	0.24	0.74	0.55	0.38
Common Stock	0.67	0.66	0.66	0.65	0.44	0.25	0.16	0.48	0.58	0.56	0.56	0.51	-0.68	0.54		0.55	0.47	0.62	0.43	0.44	0.62	0.48	0.25	0.68	1.0	0.83
Property Plant Equipment	0.88	0.84	0.94	0.11	0.83	-0.2	0.04	0.91	0.89	0.18	0.91	0.39	-0.59	0.79	0.55		0.91	0.97	0.92	-0.03	0.89	0.89	-0.2	0.92	0.58	0.42
Short Long Term Debt Total	0.93	0.89	0.94	0.01	0.74	-0.06	0.01	1.0	0.95	0.16	0.99	0.27	-0.58	0.92	0.47	0.91		0.93	0.99	-0.06	0.95	0.81	-0.06	0.85	0.49	0.27
Property Plant And Equipment Net	0.94	0.89	0.97	0.21	0.81	-0.1	0.08	0.93	0.92	0.19	0.95	0.45	-0.69	0.84	0.62	0.97	0.93		0.93	0.07	0.93	0.85	-0.1	0.97	0.65	0.44
Net Debt	0.9	0.85	0.92	-0.04	0.76	-0.19	-0.02	0.99	0.94	0.12	0.97	0.29	-0.58	0.87	0.43	0.92	0.99	0.93		-0.09	0.93	0.82	-0.19	0.86	0.46	0.22
Retained Earnings	0.27	0.35	0.16	0.9	-0.14	0.3	0.11	-0.01	0.19	0.4	0.08	0.4	-0.66	0.14	0.44	-0.03	-0.06	0.07	-0.09		0.24	-0.34	0.3	0.13	0.43	0.18
Non Current Assets Total	0.99	0.98	0.97	0.31	0.7	0.06	0.12	0.96	0.99	0.32	0.98	0.39	-0.73	0.95	0.62	0.89	0.95	0.93	0.93	0.24		0.71	0.06	0.87	0.64	0.39
Non Currrent Assets Other	0.72	0.61	0.81	-0.09	0.9	-0.19	0.03	0.78	0.71	0.17	0.78	0.22	-0.31	0.67	0.48	0.89	0.81	0.85	0.82	-0.34	0.71		-0.19	0.82	0.51	0.5
Cash And Short Term Investments	0.12	0.16	0.08	0.38	-0.23	1.0	0.27	-0.05	-0.02	0.28	0.04	-0.16	0.09	0.24	0.25	-0.2	-0.06	-0.1	-0.19	0.3	0.06	-0.19		-0.18	0.24	0.37
Net Receivables	0.88	0.81	0.91	0.3	0.81	-0.18	0.12	0.84	0.84	0.25	0.87	0.55	-0.76	0.74	0.68	0.92	0.85	0.97	0.86	0.13	0.87	0.82	-0.18		0.71	0.49
Common Stock Total Equity	0.69	0.68	0.68	0.65	0.46	0.24	0.16	0.5	0.6	0.56	0.58	0.52	-0.69	0.55	1.0	0.58	0.49	0.65	0.46	0.43	0.64	0.51	0.24	0.71		0.84
Common Stock Shares Outstanding	0.46	0.45	0.49	0.54	0.37	0.37	0.32	0.28	0.34	0.54	0.37	0.36	-0.28	0.38	0.83	0.42	0.27	0.44	0.22	0.18	0.39	0.5	0.37	0.49	0.84

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ModivCare Account Relationship Matchups

ModivCare fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	597.4M	1.4B	2.0B	1.9B	1.8B	1.9B
Other Current Liab	117.4M	296.0M	494.6M	417.4M	333.9M	350.6M
Total Current Liabilities	150.2M	324.8M	527.2M	491.6M	520.4M	546.4M
Total Stockholder Equity	394.7M	411.6M	373.3M	354.6M	156.2M	207.0M
Accounts Payable	9.8M	8.5M	8.7M	55.0M	55.2M	58.0M
Cash	61.4M	183.3M	133.1M	14.5M	2.2M	2.1M
Other Assets	11.6M	181.2M	22.2M	40.2M	46.2M	51.9M
Long Term Debt	45K	486.0M	975.2M	979.4M	983.8M	1.0B
Other Current Assets	14.5M	38.3M	37.4M	32.8M	27.6M	21.4M
Total Liab	202.7M	1.0B	1.7B	1.6B	1.6B	1.7B
Treasury Stock	(210.9M)	(217.7M)	(228.1M)	(269.0M)	(242.1M)	(230.0M)
Intangible Assets	19.9M	345.7M	490.2M	439.4M	360.9M	379.0M
Property Plant Equipment	23.2M	27.5M	97.3M	108.5M	124.8M	131.1M
Short Long Term Debt Total	21.6M	517.7M	1.0B	1.0B	1.1B	1.2B
Property Plant And Equipment Net	43.3M	58.5M	97.3M	108.5M	125.4M	131.7M
Net Debt	(39.8M)	334.5M	886.5M	1.0B	1.1B	1.2B
Retained Earnings	183.7M	218.4M	211.8M	180.0M	(24.4M)	(23.2M)
Non Current Assets Total	341.0M	999.3M	1.6B	1.6B	1.4B	1.4B
Non Currrent Assets Other	11.6M	12.8M	22.2M	40.2M	48.9M	51.4M
Cash And Short Term Investments	61.4M	183.3M	133.1M	14.5M	2.2M	2.1M
Net Receivables	180.4M	197.9M	237.9M	296.8M	375.1M	393.9M
Common Stock Shares Outstanding	13.0M	13.7M	14.1M	14.1M	14.2M	13.6M
Liabilities And Stockholders Equity	597.4M	1.4B	2.0B	1.9B	1.8B	1.9B
Non Current Liabilities Total	52.5M	689.6M	1.1B	1.1B	1.1B	1.1B
Inventory	155K	758K	1.5M	2.0M	2.3M	4.1M
Other Stockholder Equity	133.9M	193.2M	161.4M	174.5M	180.6M	163.3M
Property Plant And Equipment Gross	43.3M	58.5M	53.5M	108.5M	202.2M	212.3M
Total Current Assets	256.4M	426.6M	409.8M	346.2M	404.9M	236.8M
Short Term Debt	7.0M	8.3M	19.7M	19.3M	131.3M	137.8M
Current Deferred Revenue	15.9M	104.6M	4.2M	2.2M	2.6M	2.5M
Other Liab	37.9M	180.1M	117.2M	86.7M	99.7M	59.0M
Net Tangible Assets	239.6M	411.6M	(1.0B)	307.1M	353.2M	370.9M

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