Cano Health Stock Fair Value – Cano Health CEO’s Departure Spurs Afterhours Stock Surge
June 17, 2023
🌥️Trending News
Cano Health ($NYSE:CANO) is a healthcare service provider that specializes in providing services to underserved populations. On Tuesday, the company announced that its CEO, Alex Hernandez, would be stepping down. Following the news, Cano Health’s stock surged in after-hours trading. The news comes after Cano Health experienced a tumultuous year, marked by the impacts of the coronavirus pandemic. CEO Hernandez had been instrumental in leading Cano Health through this period and his departure has caused speculation among investors about the company’s future. The surge in stock prices appears to be a vote of confidence from investors in Cano Health, however the company has yet to announce any long-term plans or strategies. Despite the CEO’s departure, it appears that investors are optimistic about the company’s prospects going forward. Only time will tell how Cano Health will fare under new leadership and what changes the company will make to stay competitive in the healthcare sector.
However, one thing is certain: their stock surge following the announcement of Hernandez’s departure demonstrates the confidence the market has in Cano Health’s future.
Market Price
On Friday, CANO HEALTH experienced a surprising stock surge after news of the sudden departure of CEO Marlow Hernandez. Although the stock opened at $1.3, it closed at $1.2, a decrease of 3.8% from the prior closing price of $1.3. While the cause of the sudden departure remains unknown, the announcement resulted in an unexpected spike in share prices. There has been no confirmation that this event was the cause of the spike, but it certainly seems to have had an impact on the stock market.
This followed a week of relative stability in which the stock had remained steady between $1.2 and $1.3. The company has yet to issue an official statement regarding Hernandez’ departure and the effect it may have had on their stock prices. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cano Health. More…
| Total Revenues | Net Income | Net Margin |
| 2.9k | -236.08 | -1.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cano Health. More…
| Operations | Investing | Financing |
| -138.6 | -60.16 | 130.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cano Health. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.94k | 1.44k | 1.07 |
Key Ratios Snapshot
Some of the financial key ratios for Cano Health are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 96.4% | – | -14.3% |
| FCF Margin | ROE | ROA |
| -6.4% | -97.3% | -13.3% |
Analysis – Cano Health Stock Fair Value
At GoodWhale, we recently conducted an analysis of CANO HEALTH‘s wellbeing. Our proprietary Valuation Line calculated the fair value of CANO HEALTH’s share to be around $11.4. However, at present, the stock is being traded for only $1.2, a whopping 89.4% undervalued. This presents a good opportunity for investors to purchase CANO HEALTH stock at a relatively low price. More…
Peers
Attendo AB is a provider of healthcare services, while Universal Health Services Inc is a provider of both healthcare services and products.
– EMC Instytut Medyczny SA ($LTS:0LTC)
EMC Instytut Medyczny SA is a Polish company that provides medical diagnostic services. The company has a market capitalization of 472.49 million as of 2022 and a return on equity of 2.52%. EMC Instytut Medyczny SA provides medical diagnostic services including blood tests, X-rays, and ultrasounds. The company also offers laboratory services such as genetic testing and IVF.
– Attendo AB ($LTS:0RCY)
Attendo AB is a Swedish company that provides healthcare and social services. The company has a market cap of 4.03B as of 2022 and a Return on Equity of 8.28%. Attendo AB provides services to municipalities, county councils, and the private sector in Sweden, Finland, Norway, Denmark, Poland, and Austria. The company offers a range of services, including primary healthcare, specialist healthcare, social services, and elderly care.
– Universal Health Services Inc ($NYSE:UHS)
Universal Health Services, Inc. is one of the largest healthcare management companies in the United States. It owns and operates hospitals, outpatient facilities, and behavioral health and addiction treatment centers. As of 2022, the company’s market capitalization was 7.97 billion and its return on equity was 11.27%. Universal Health Services, Inc. is headquartered in King of Prussia, Pennsylvania.
Summary
Cano Health has seen a dramatic shift in its stock price following the announcement that CEO Oscar Hernandez has stepped down. Analysts cite the change in leadership as a sign of possible renewed focus on the company, and investors are taking this as a cue to buy into the stock. In the short term, Cano Health’s stock appears to be benefitting from the news, but any prolonged success will depend on the company’s ability to capitalize on this momentum and drive long-term growth.
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