Adapthealth Corp Stock Fair Value – ADAPTHEALTH CORP Reports Total Revenue of $793.3 Million and Net Income of $14.0 Million for Q2 FY2023
August 24, 2023
🌥️Earnings Overview
ADAPTHEALTH ($NASDAQ:AHCO): For the second quarter of FY2023, AdaptHealth Corp recorded total revenue of USD 793.3 million and net income of USD 14.0 million, a period ending June 30 2023. This resulted in a 9.0% increase in revenue over the same period in the previous year, while net income decreased by 0.4%.
Price History
This impressive result saw the company’s stock open at $14.6 and close at $14.7, a soar of 10.4% from its prior closing price of 13.3. The positive results experienced by ADAPTHEALTH CORP are thought to be attributed to the company’s focus on driving home health management solutions with an emphasis on data-driven approaches. This has enabled ADAPTHEALTH CORP to better serve the needs of its clients while also maintaining a competitive edge in the industry. The company’s strategic investments in technology have also allowed for greater efficiency and cost effectiveness, leading to increased profitability. The positive results achieved by ADAPTHEALTH CORP also highlight the company’s strong focus on delivering quality patient outcomes.
With an emphasis on evidence-based care models, the company has been able to provide optimal patient outcomes while also reducing costs and improving efficiencies. This is evidenced by the company’s impressive growth in revenue and profits in the second quarter. As ADAPTHEALTH CORP continues to focus on delivering quality patient care solutions, investors are optimistic about the company’s future performance in the healthcare market. The stock’s recent surge is a testament to this, as it demonstrates investor confidence in the company’s continued growth and success moving forward. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Adapthealth Corp. More…
| Total Revenues | Net Income | Net Margin |
| 3.05k | 39.56 | 0.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Adapthealth Corp. More…
| Operations | Investing | Financing |
| 430.51 | -430.9 | -73.29 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Adapthealth Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.2k | 3.02k | 16.25 |
Key Ratios Snapshot
Some of the financial key ratios for Adapthealth Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 62.7% | 65.7% | 6.1% |
| FCF Margin | ROE | ROA |
| 0.7% | 5.3% | 2.2% |
Analysis – Adapthealth Corp Stock Fair Value
At GoodWhale, we offer a comprehensive analysis of the fundamentals of ADAPTHEALTH CORP. Our proprietary Valuation Line enables us to accurately assess the fair value of ADAPTHEALTH CORP shares at around $31.0. The current share price of ADAPTHEALTH CORP is $14.7, making it significantly undervalued by 52.6%. This presents a great opportunity for investors to get into the stock at a significant discount. We believe that investing in ADAPTHEALTH CORP at this stage could be a great long-term move. More…
Peers
The company operates in the United States, Canada, and Puerto Rico. AdaptHealth Corp was founded in 1992 and is headquartered in Plymouth, MN. Quipt Home Medical Corp is a home medical equipment company that provides oxygen and sleep therapy products and services. The company operates in the United States, Canada, and Puerto Rico. Quipt Home Medical Corp was founded in 2004 and is headquartered in Eden Prairie, MN. Viemed Healthcare Inc is a home medical equipment company that provides respiratory and sleep products and services. The company operates in the United States, Canada, and Puerto Rico. Viemed Healthcare Inc was founded in 2006 and is headquartered in Baton Rouge, LA. Apria Inc is a home medical equipment company that provides respiratory and sleep products and services. The company operates in the United States, Canada, and Puerto Rico. Apria Inc was founded in 1981 and is headquartered in Lake Forest, CA.
– Quipt Home Medical Corp ($TSXV:QIPT)
Quipt Home Medical Corp is a leading provider of home medical equipment and services. The company has a market capitalization of 207.5 million and a return on equity of 2.53%. Quipt Home Medical Corp provides a full range of home medical equipment and services, including oxygen therapy, sleep therapy, and mobility products. The company also offers a wide variety of home medical equipment rentals, repairs, and maintenance services.
– Viemed Healthcare Inc ($TSX:VMD)
Veemed Healthcare Inc. is a healthcare company that provides medical products and services. The company has a market cap of $351.69 million and a return on equity of 7.14%. The company provides medical products and services to hospitals, clinics, and other healthcare facilities.
Summary
ADAPTHEALTH CORP reported strong second quarter results for FY 2023, with total revenue of USD 793.3 million, a 9.0% year-over-year increase. Net income was USD 14.0 million, a slight 0.4% decrease from the same period the year before. The stock price rose on news of this positive performance, which suggests that investors view ADAPTHEALTH CORP as a favorable investment opportunity.
The company’s revenue growth indicates that it is well-positioned to increase market share, while its strong net income indicates that it is able to effectively manage costs. Investors should monitor ADAPTHEALTH CORP closely as it continues to expand and capitalize on growth opportunities in FY2023.
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