MODV - ModivCare Inc. Stock Price, Fair Value and News

26.33USD0.00 (0.00%)Delayed as of 08 May 2024, 12:49 pm ET

Market Summary

USD26.330.00

Delayedas of 08 May 2024, 12:49 pm

0.00%

MODV Alerts

Big fall in earnings (Y/Y)

Losses in recent quarter

MODV Stock Price

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MODV RSI Chart

MODV Valuation

Market Cap

374.2M

Price/Earnings (Trailing)

-1.68

Price/Sales (Trailing)

0.13

EV/EBITDA

-7.12

Price/Free Cashflow

-3.48

MODV Price/Sales (Trailing)

MODV Profitability

EBT Margin

-8.05%

Return on Equity

-164.01%

Return on Assets

-12.63%

Free Cashflow Yield

-28.75%

MODV Fundamentals

MODV Revenue

Revenue (TTM)

2.8B

Rev. Growth (Yr)

3.34%

Rev. Growth (Qtr)

-2.62%

MODV Earnings

Earnings (TTM)

-222.8M

Earnings Growth (Yr)

-462.85%

Earnings Growth (Qtr)

-324.6%

Breaking Down MODV Revenue

52 Week Range

25.8559.51

(Low)(High)

Last 7 days

12.4%

Last 30 days

12.3%

Last 90 days

-34.8%

Trailing 12 Months

-51.0%

How does MODV drawdown profile look like?

MODV Financial Health

Current Ratio

0.75

Debt/Equity

7.25

Debt/Cashflow

-0.07

MODV Investor Care

Shares Dilution (1Y)

0.31%

Diluted EPS (TTM)

-15.72

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	2.8B	0	0	0
2023	2.6B	2.7B	2.7B	2.8B
2022	2.1B	2.2B	2.4B	2.5B
2021	1.5B	1.6B	1.8B	2.0B
2020	1.5B	1.4B	1.4B	1.4B
2019	1.4B	1.4B	1.5B	1.5B
2018	1.6B	1.5B	1.4B	1.4B
2017	1.6B	1.6B	1.6B	1.6B
2016	1.5B	1.5B	1.6B	1.6B
2015	1.3B	1.4B	1.5B	1.5B
2014	1.0B	1.0B	1.0B	1.1B
2013	1.1B	1.1B	1.1B	1.1B
2012	975.3M	1.0B	1.1B	1.1B
2011	886.5M	899.5M	917.9M	943.0M
2010	0	827.2M	853.5M	879.7M
2009	0	0	0	801.0M

Get all data in R, Python etc through our Historical Stock Data APIs

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Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of ModivCare Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 29, 2024	coulter david a	acquired	23,121	23.45	986	-
Mar 29, 2024	wright frank j	acquired	13,436	23.45	573	-
Feb 16, 2024	coliseum capital management, llc	back to issuer	-65,424	49.79	-1,314	-
Feb 16, 2024	coliseum capital management, llc	acquired	-	-	1,314	-
Feb 14, 2024	graham garth	acquired	-	-	2,658	-
Feb 14, 2024	kral jessica	acquired	-	-	4,345	chief information officer
Feb 14, 2024	simpson ilias	acquired	-	-	6,134	president, modivcare mobility
Feb 14, 2024	carter todd j	acquired	-	-	2,658	-
Feb 14, 2024	toledo henry	acquired	-	-	5,214	chief people officer
Feb 14, 2024	sampson l heath	acquired	-	-	12,433	president, ceo

Which funds bought or sold MODV recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	Manchester Capital Management LLC	sold off	-100	-3,432	-	-%
May 06, 2024	Parallel Advisors, LLC	unchanged	-	-1,314	1,501	-%
May 06, 2024	TEXAS PERMANENT SCHOOL FUND CORP	added	2.31	-211,139	253,307	-%
May 06, 2024	SG Americas Securities, LLC	sold off	-100	-187,000	-	-%
May 03, 2024	HUNTINGTON NATIONAL BANK	unchanged	-	-21.00	23.00	-%
May 03, 2024	OREGON PUBLIC EMPLOYEES RETIREMENT FUND	reduced	-8.32	-81,102	77,526	-%
May 03, 2024	SIGNATUREFD, LLC	reduced	-53.94	-22,335	7,270	-%
May 03, 2024	GSA CAPITAL PARTNERS LLP	sold off	-100	-1,701,000	-	-%
May 03, 2024	Skylands Capital, LLC	added	182	672,078	2,004,980	0.28%
May 02, 2024	MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC	sold off	-100	-1,719,660	-	-%

Are Funds Buying or Selling MODV?

Are funds buying MODV calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MODV

No. of Funds

Unveiling ModivCare Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Apr 12, 2024	millennium management llc	5.6%	797,918	SC 13G
Feb 14, 2024	silvercrest asset management group llc	5.0%	709,360	SC 13G
Feb 14, 2024	t. rowe price investment management, inc.	0.0%	0	SC 13G/A
Feb 13, 2024	neuberger berman group llc	6.36%	902,564	SC 13G
Feb 13, 2024	vanguard group inc	6.38%	905,381	SC 13G/A
Feb 12, 2024	fuller & thaler asset management, inc.	6.11%	866,173	SC 13G/A
Jan 23, 2024	blackrock inc.	14.1%	2,002,136	SC 13G/A
Sep 18, 2023	coliseum capital management, llc	21.0%	2,982,751	SC 13D/A
Sep 13, 2023	coliseum capital management, llc	18.7%	2,652,535	SC 13D/A
Sep 11, 2023	coliseum capital management, llc	17.2%	2,439,287	SC 13D/A

Recent SEC filings of ModivCare Inc.

View All Filings

Date Filed	Form Type	Document
May 03, 2024	10-Q	Quarterly Report
May 02, 2024	8-K	Current Report
Apr 30, 2024	DEFA14A	DEFA14A
Apr 29, 2024	DEF 14A	DEF 14A
Apr 12, 2024	SC 13G	Major Ownership Report
Apr 02, 2024	4	Insider Trading
Apr 02, 2024	4	Insider Trading
Apr 01, 2024	8-K	Current Report
Feb 26, 2024	10-K	Annual Report
Feb 22, 2024	8-K	Current Report

Peers (Alternatives to ModivCare Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
UNH	462.0B	371.6B	9.96%	1.73%	20.64	1.24	14.64%	11.24%
CI	98.5B	206.0B	-4.33%	31.01%	25.56	0.48	12.55%	-43.95%
HCA	82.4B	66.7B	-4.37%	13.20%	15.06	1.23	9.59%	-4.59%
CVS	70.0B	360.9B	-25.27%	-20.02%	9.55	0.19	9.07%	78.49%
CNC	40.5B	155.5B	4.29%	11.16%	14.81	0.26	6.34%	84.42%
DVA	12.1B	12.3B	3.05%	54.33%	14.8	0.98	5.77%	58.74%
UHS	11.7B	14.3B	-2.27%	18.37%	16.37	0.82	6.59%	6.24%
MID-CAP
CHE	8.8B	2.3B	-7.98%	4.98%	30.96	3.83	5.96%	18.29%
ACHC	6.3B	3.0B	-11.24%	-2.13%	-553.66	2.09	10.92%	-104.06%
AMN	2.3B	3.8B	3.83%	-33.34%	10.82	0.6	-27.73%	-52.50%
AMEH	2.1B	1.4B	-9.08%	8.52%	34.65	1.52	21.19%	34.42%
SMALL-CAP
ADUS	1.7B	1.1B	2.42%	25.02%	26.07	1.57	11.45%	30.74%
BKD	1.4B	3.0B	8.71%	84.46%	-7.37	0.46	6.74%	20.73%
BEAT	54.0M	-	-2.35%	-2.35%	-3.69	-	-	-12.94%
AMS	19.6M	21.3M	10.24%	15.77%	36.7	0.92	8.00%	-62.25%

ModivCare Inc. News

Latest updates

ModivCare Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In null)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q2	2022Q1	2021Q4	2021Q3	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3
Revenue	-2.6%	684	703	687	699	662	654	648	628	601	574	576	493	484	474	454	399	321	282	367	385	393
Operating Expenses	0.0%	688	688	675	878	656	650	636	608	-	560	558	480	-	448	427	379	277	233	357	-	376
S&GA Expenses	-100.0%	-	75.00	70.00	79.00	80.00	90.00	76.00	79.00	-	77.00	92.00	68.00	-	56.00	55.00	55.00	34.00	31.00	21.00	15.00	16.00
EBITDA Margin	-8.1%	-0.07*	-0.06*	-0.07*	-0.07*	0.01*	0.01*	0.02*	0.01*	0.01*	0.02*	0.02*	0.01*	0.05*	-	-	-	-	-	-	-	-
Interest Expenses	-1.8%	-18.69	-18.35	-17.84	-16.97	-15.96	-15.53	-15.56	-15.47	-	-15.40	-14.67	-17.70	-	-8.29	-8.42	-15.48	-0.38	-1.50	-0.24	-0.06	-0.19
Income Taxes	-1362.8%	-0.54	0.00	-1.66	-0.83	-1.87	-3.91	-1.05	2.00	-	-0.36	0.00	-2.00	-	6.00	5.00	2.00	14.00	14.00	-9.05	3.00	5.00
Earnings Before Taxes	-725.5%	-22.08	-2.67	-5.80	-192	-7.86	-8.91	-3.11	8.00	-	-0.53	6.00	-4.73	-	19.00	20.00	-7.86	53.00	52.00	7.00	14.00	14.00
EBT Margin	-5.9%	-0.08*	-0.08*	-0.08*	-0.08*	0.00*	0.00*	0.00*	0.00*	0.01*	0.01*	0.02*	0.01*	0.05*	-	-	-	-	-	-	-	-
Net Income	-324.6%	-22.30	-5.25	-4.30	-190	-3.96	-6.95	-28.50	3.00	-	0.00	-31.52	-7.57	-	14.00	19.00	-3.06	39.00	37.00	16.00	-6.06	8.00
Net Income Margin	-8.1%	-0.08*	-0.07*	-0.08*	-0.09*	-0.01*	-0.01*	0.00*	0.00*	0.00*	0.00*	0.00*	0.04*	0.04*	-	-	-	-	-	-	-	-
Free Cashflow	104.6%	2.00	-36.79	45.00	-117	-15.97	-63.45	-15.30	-27.59	63.00	63.00	5.00	-0.14	32.00	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.2%	1,764	1,767	1,763	1,785	1,942	1,944	1,990	2,060	2,113	2,027	2,135	1,576	1,532	1,426	792	654	797	597	621	606	160
Current Assets	-0.2%	404	405	388	393	348	346	382	396	509	410	471	557	537	420	379	246	463	256	255	237	240
Cash Equivalents	390.1%	11.00	2.00	8.00	7.00	13.00	14.00	73.00	88.00	194	133	127	291	300	183	183	42.00	254	62.00	41.00	30.00	42.00
Net PPE	-	-	-	-	-	-	-	67.00	63.00	58.00	54.00	53.00	30.00	30.00	28.00	21.00	21.00	23.00	23.00	22.00	22.00	22.00
Goodwill	0%	786	786	786	786	969	969	236	968	925	925	237	449	445	445	135	135	135	135	135	135	-
Liabilities	1.1%	1,628	1,611	1,604	1,624	1,590	1,590	1,636	1,678	1,737	1,654	1,731	1,167	1,113	1,014	382	289	392	203	224	211	221
Current Liabilities	3.6%	539	520	517	533	494	492	534	553	613	527	576	529	486	318	271	201	329	150	166	161	171
Short Term Borrowings	6.3%	121	114	83.00	127	15.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	0.1%	985	984	983	982	980	979	-	-	-	975	-	-	-	486	-	-	-	-	0.00	0.00	0.00
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	162	-	0.00	0.00	1.00
LT Debt, Non Current	-100.0%	-	984	983	982	980	979	-	-	-	975	-	-	-	-	-	-	-	-	-	-	-
Shareholder's Equity	-13.0%	136	156	159	161	351	355	354	382	376	373	404	409	419	412	410	360	328	318	320	317	315
Retained Earnings	-91.3%	-46.74	-24.44	-19.18	-14.88	176	180	187	215	212	212	243	251	237	218	222	186	199	184	191	184	187
Additional Paid-In Capital	0.4%	453	451	448	447	445	444	437	436	434	430	429	426	425	421	417	402	355	352	346	345	339
Shares Outstanding	0.1%	20.00	20.00	20.00	20.00	20.00	20.00	14.00	14.00	14.00	14.00	14.00	14.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	635	-	-	-	1,176	-	-	-	2,359	-	-	-	950	-	-	-	669	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	137.3%	9,560	-25,644	53,547	-108,219	-2,655	-55,968	-5,680	-20,279	71,485	12,146	5,581	34,549	134,564	61,209	140,038	108,389	38,799	20,871	16,998	-15,760	38,831
Share Based Compensation	-17.2%	2,010	2,427	1,743	1,162	1,124	1,720	656	2,447	2,049	1,679	1,566	1,472	1,187	981	1,177	727	1,045	1,167	855	1,289	2,103
Cashflow From Investing	29.5%	-7,856	-11,145	-8,878	-8,945	-13,320	-7,423	-9,630	-86,176	-8,584	-4,545	-657,105	-18,587	-5,388	-552,561	-2,456	-78,421	-1,574	-3,556	-3,025	-2,595	-1,682
Cashflow From Financing	-79.4%	6,380	30,957	-43,521	111,250	14,380	5,635	57.00	-35.00	-1,849	-871	487,288	-24,641	-12,925	487,892	4,146	-239,324	155,546	2,638	-6,674	2,152	1,108
Buy Backs	-	-	-	-	-	-	-	-	-	-	954	-	24,590	14,450	-	-	2,887	7,299	434	5,991	155	217

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MODV Income Statement

2024-03-31

Unaudited Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Service revenue, net	$ 684,451	$ 662,306
Grant income	0	1,464
Operating expenses:
Service expense	583,566	550,266
General and administrative expense	77,177	79,713
Depreciation and amortization	27,103	25,693
Total operating expenses	687,846	655,672
Operating income (loss)	(3,395)	8,098
Interest expense, net	18,686	15,958
Loss before income taxes and equity method investment	(22,081)	(7,860)
Income tax benefit	543	1,873
Equity in net income (loss) of investee, net of tax	(762)	2,025
Net loss	$ (22,300)	$ (3,962)
Loss per common share:
Basic (in dollars per share)	$ (1.57)	$ (0.28)
Diluted (in dollars per share)	$ (1.57)	$ (0.28)
Weighted-average number of common shares outstanding:
Basic (in shares)	14,202,000	14,163,511
Diluted (in shares)	14,202,000	14,163,511

MODV Balance Sheet

2024-03-31

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 10,341	$ 2,217
Accounts receivable, net of allowance of $411 and $969, respectively	214,106	222,537
Contract receivables	134,680	143,960
Other receivables	14,094	8,616
Prepaid expenses and other current assets	30,255	27,028
Restricted cash	525	565
Total current assets	404,001	404,923
Property and equipment, net	86,238	85,629
Long-term contract receivables	19,598	0
Goodwill	785,554	785,554
Payor network, net	315,300	330,738
Other intangible assets, net	25,778	30,197
Equity investment	40,247	41,531
Operating lease right-of-use assets	40,565	39,776
Other assets	46,767	48,927
Total assets	1,764,048	1,767,275
Current liabilities:
Accounts payable	54,645	55,241
Accrued contract payables	128,399	117,488
Accrued transportation costs	86,846	97,245
Accrued expenses and other current liabilities	139,812	127,901
Current portion of operating lease liabilities	8,612	8,727
Short-term borrowings	121,000	113,800
Total current liabilities	539,314	520,402
Long-term debt, net of deferred financing costs of $15,104 and $16,243, respectively	984,896	983,757
Deferred tax liabilities	35,806	39,584
Operating lease liabilities, less current portion	34,886	33,784
Other long-term liabilities	33,305	33,553
Total liabilities	1,628,207	1,611,080
Commitments and contingencies (Note 12)
Stockholders’ equity
Common stock: Authorized 40,000,000 shares; $0.001 par value; 19,799,177 and 19,775,041, respectively, issued and outstanding (including treasury shares)	20	20
Additional paid-in capital	452,955	450,945
Retained earnings (accumulated deficit)	(46,737)	(24,437)
Treasury shares, at cost, 5,572,611 and 5,571,004 shares, respectively	(270,397)	(270,333)
Total stockholders’ equity	135,841	156,195
Total liabilities and stockholders’ equity	$ 1,764,048	$ 1,767,275

About ModivCare Inc.

ModivCare Inc., a technology-enabled healthcare services company, provides a suite of integrated supportive care solutions for public and private payors and their members. The company operates through four segments: Non-Emergency Medical Transportation (NEMT), Personal Care, Remote Patient Monitoring (RPM), and Corporate and Other. The company offers risk underwriting, contact center management, network credentialing, claims management, and non-emergency medical transport management services for Medicaid or Medicare eligible members, whose limited mobility or financial resources hinder their ability to access necessary healthcare and social services. It also provides in-home personal care services, such as bathing, personal hygiene, grooming, oral care, dressing, medication reminders, meal planning, preparation and feeding, housekeeping, transportation services, prescription reminders, and assistance with dressing and ambulation services through placing non-medical personal care assistants, home health aides, and skilled nurses primarily to Medicaid patients in need of care monitoring and assistance in performing daily living activities, including senior citizens and disabled adults. Ina addition, the company offers remote patient monitoring solutions, including personal emergency response systems, vitals monitoring, medication management, and data-driven patient engagement solutions. It serves federal, state, and local government agencies, MCOs, commercial insurers, private individuals, and health systems. The company was formerly known as The Providence Service Corporation and changed its name to ModivCare Inc. in January 2021. ModivCare Inc. was incorporated in 1996 and is based in Denver, Colorado.

CEO	Mr. L. Heath Sampson
WEBSITE	modivcare.com
INDUSTRY	Healthcare Plans
EMPLOYEES	20000

ModivCare Inc. Frequently Asked Questions

What is the ticker symbol for ModivCare Inc.? What does MODV stand for in stocks?

MODV is the stock ticker symbol of ModivCare Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of ModivCare Inc. (MODV)?

As of Tue May 07 2024, market cap of ModivCare Inc. is 374.17 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MODV stock?

You can check MODV's fair value in chart for subscribers.

What is the fair value of MODV stock?

You can check MODV's fair value in chart for subscribers. The fair value of ModivCare Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of ModivCare Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MODV so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is ModivCare Inc. a good stock to buy?

The fair value guage provides a quick view whether MODV is over valued or under valued. Whether ModivCare Inc. is cheap or expensive depends on the assumptions which impact ModivCare Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MODV.

What is ModivCare Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, MODV's PE ratio (Price to Earnings) is -1.68 and Price to Sales (PS) ratio is 0.13. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MODV PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on ModivCare Inc.'s stock?

In the past 10 years, ModivCare Inc. has provided -0.037 (multiply by 100 for percentage) rate of return.