National Bankshares Cuts Extendicare’s Price Target to C$7.50
October 26, 2022
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Extendicare Inc Intrinsic Stock Value – EXTENDICARE INC ($TSX:EXE) is a Canadian company that provides health care services. National Bankshares has cut Extendicare’s price target to C$7.50. This is due to the company’s recent poor financial performance.
Extendicare has been struggling to improve its profitability, and the cut in price target reflects this. Despite the challenges, Extendicare remains a leader in the long-term care industry and is well-positioned to benefit from the aging population.
Share Price
The company has been in the news recently, mostly for negative reasons. This follows a pattern of negative news for the company, which has seen its stock price decline significantly over the past year. Despite this, Extendicare Inc remains a large and well-established company, with a strong presence in both the Canadian and American healthcare markets. The company has a long history of providing quality care to its patients, and is committed to continuing to do so in the future.
VI Analysis – Extendicare Inc Intrinsic Stock Value
EXTENDICARE INC is a Canadian healthcare company with a focus on long-term care. The company’s fundamentals reflect its long-term potential. The company’s shares are currently trading at CA$7.0, which is a fair price overvalued by 10%. The company’s share price is supported by its strong fundamentals and long-term growth potential.
VI Peers
In the healthcare industry, there is intense competition between Extendicare Inc and its closest rivals Ambea AB, Attendo AB, and Charm Care Corp. All four companies are vying for a share of the market in providing long-term care and other health services to the elderly. Each company has its own strengths and weaknesses, and it is up to the consumer to decide which one best meets their needs.
– Ambea AB ($LTS:0RNX)
As of 2022, Ambea AB had a market cap of 3.68B and a ROE of 9.28%. The company provides health and social care services in the Nordic region, with a focus on elderly care and disability care. It operates through three segments: Home Care, Residential Care, and Health Care. The company was founded in 1883 and is headquartered in Stockholm, Sweden.
– Attendo AB ($LTS:0RCY)
Attendo AB is a healthcare company that provides services to the elderly, disabled, and those with chronic illnesses. The company has a market cap of 3.38B as of 2022 and a Return on Equity of 8.46%. Attendo AB operates in three segments: Home Care, Residential Care, and Health Care Staffing. The company was founded in 1985 and is headquartered in Stockholm, Sweden.
– Charm Care Corp ($TSE:6062)
Charm Care Corp is a leading provider of home health care services. The company has a market cap of $34.15 billion as of 2022 and a return on equity of 23.73%. Charm Care Corp provides a full range of home health care services, including skilled nursing, physical therapy, occupational therapy, speech therapy, and home health aides. The company serves patients of all ages, from infants to the elderly. Charm Care Corp is dedicated to providing high-quality, compassionate care to its patients and their families.
Summary
If you’re considering investing in Extendicare Inc, it’s important to be aware that the company has been facing some challenges in recent years. In particular, Extendicare has been struggling with declining occupancy levels at its nursing homes and has been selling off some of its properties. Given these challenges, Extendicare is not a stock for the faint of heart.
However, if you’re willing to take on some risk, there could be potential rewards down the road. For example, Extendicare’s new CEO, Michael Guerriere, is focused on turning the company around and has laid out a plan to do so. Of course, only time will tell if Extendicare can successfully execute on its turnaround plan. But if it can, the stock could offer investors substantial upside.
