SGRY - Surgery Partners Inc Stock Price, Fair Value and News

25.83USD-0.62 (-2.34%)Market Closed

Market Summary

USD25.83-0.62

Market Closed

-2.34%

SGRY Alerts

Big jump in Earnings (Y/Y)

Losses in recent quarter

SGRY Stock Price

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SGRY RSI Chart

SGRY Valuation

Market Cap

3.3B

Price/Earnings (Trailing)

5.5K

Price/Sales (Trailing)

1.17

Price/Free Cashflow

18.81

SGRY Price/Sales (Trailing)

SGRY Profitability

Operating Margin

49.63%

Return on Equity

0.02%

Return on Assets

0.01%

Free Cashflow Yield

5.32%

SGRY Fundamentals

SGRY Revenue

Revenue (TTM)

2.8B

Rev. Growth (Yr)

7.69%

Rev. Growth (Qtr)

-2.45%

SGRY Earnings

Earnings (TTM)

600.0K

Earnings Growth (Yr)

50.2%

Earnings Growth (Qtr)

-1.1K%

Breaking Down SGRY Revenue

Last 7 days

-2.9%

Last 30 days

5.6%

Last 90 days

-24.5%

Trailing 12 Months

-30.1%

How does SGRY drawdown profile look like?

SGRY Financial Health

Current Ratio

1.71

Debt/Equity

0.92

Debt/Cashflow

0.09

SGRY Investor Care

Shares Dilution (1Y)

0.49%

Diluted EPS (TTM)

0.01

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	2.8B	0	0	0
2023	2.6B	2.7B	2.7B	2.7B
2022	2.3B	2.4B	2.4B	2.5B
2021	1.9B	2.1B	2.2B	2.2B
2020	1.9B	1.8B	1.8B	1.9B
2019	1.8B	1.8B	1.8B	1.8B
2018	1.5B	1.7B	1.9B	1.8B
2017	1.2B	1.2B	1.1B	1.4B
2016	1.0B	1.1B	1.1B	1.1B
2015	557.0M	713.0M	876.3M	959.9M
2014	314.3M	343.9M	373.6M	403.3M
2013	0	0	0	284.6M

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

GRUFITY'S FAIR VALUE MODEL

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

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Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Surgery Partners Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 14, 2024	doherty david t	sold	-20,613	28.59	-721	chief financial officer
Mar 13, 2024	evans jason eric	sold	-143,796	29.71	-4,840	chief executive officer
Mar 12, 2024	taparo anthony	sold	-23,507	29.87	-787	chief growth officer
Mar 12, 2024	burkhalter danielle	sold	-3,301	29.74	-111	chief human resources officer
Mar 12, 2024	baldock jennifer	sold	-27,420	29.74	-922	chief admin & dev officer
Mar 12, 2024	owens bradley r.	sold	-82,989	29.82	-2,783	national group president
Mar 11, 2024	taparo anthony	sold	-19,230	29.54	-651	chief growth officer
Mar 11, 2024	burkhalter danielle	sold	-3,757	29.59	-127	chief human resources officer
Mar 11, 2024	evans jason eric	sold	-58,409	29.44	-1,984	chief executive officer
Mar 11, 2024	owens bradley r.	sold	-18,637	29.49	-632	national group president

Which funds bought or sold SGRY recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.6	-285,108	2,095,140	-%
May 16, 2024	COMERICA BANK	added	1.24	-1,727	29,271	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-41.78	-2,423,630	2,878,300	-%
May 15, 2024	Magnetar Financial LLC	added	511	4,070,490	4,935,850	0.11%
May 15, 2024	Penn Capital Management Company, LLC	new	-	9,450,210	9,450,210	0.84%
May 15, 2024	SEGALL BRYANT & HAMILL, LLC	added	19.81	961,297	9,165,800	0.17%
May 15, 2024	Man Group plc	new	-	690,027	690,027	-%
May 15, 2024	DEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C)	added	51.36	27,707,100	95,062,300	1.65%
May 15, 2024	D. E. Shaw & Co., Inc.	new	-	2,073,960	2,073,960	-%
May 15, 2024	Royal Bank of Canada	reduced	-22.02	-801,000	2,135,000	-%

Are Funds Buying or Selling SGRY?

Are funds buying SGRY calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SGRY

No. of Funds

Unveiling Surgery Partners Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	5.86%	7,417,609	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Feb 08, 2024	wellington management group llp	6.58%	8,318,176	SC 13G/A
Dec 21, 2023	bcpe seminole holdings lp	8.5%	10,708,102	SC 13D/A
Mar 03, 2023	bcpe seminole holdings lp	10.2%	12,888,766	SC 13D/A
Feb 13, 2023	durable capital partners lp	4.6%	5,672,185	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	5.02%	5,870,110	SC 13G
Feb 06, 2023	wellington management group llp	5.81%	6,794,478	SC 13G
Dec 27, 2022	bcpe seminole holdings lp	10.5%	12,888,766	SC 13D/A

Recent SEC filings of Surgery Partners Inc

View All Filings

Date Filed	Form Type	Document
May 07, 2024	10-Q	Quarterly Report
May 07, 2024	8-K	Current Report
Apr 25, 2024	ARS	ARS
Apr 25, 2024	DEF 14A	DEF 14A
Apr 25, 2024	DEFA14A	DEFA14A
Apr 10, 2024	8-K	Current Report
Apr 05, 2024	4	Insider Trading
Apr 05, 2024	4	Insider Trading
Apr 05, 2024	4	Insider Trading
Apr 05, 2024	4	Insider Trading

Peers (Alternatives to Surgery Partners Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
UNH	482.9B	379.5B	9.53%	9.48%	31.44	1.27	12.96%	-25.81%
CI	96.2B	206.0B	-2.11%	32.08%	24.97	0.47	12.55%	-43.95%
HCA	84.6B	66.7B	3.80%	15.55%	15.46	1.27	9.59%	-4.59%
CVS	72.4B	360.9B	-15.92%	-16.78%	9.89	0.2	9.07%	78.49%
CNC	41.7B	155.5B	8.44%	18.66%	15.24	0.27	6.34%	84.42%
DVA	12.3B	12.3B	9.53%	38.52%	15.03	0.99	5.77%	58.74%
UHS	11.9B	14.7B	11.04%	30.82%	14.63	0.81	7.99%	19.23%
MID-CAP
CHE	8.5B	2.3B	-6.47%	5.37%	30.15	3.73	5.96%	18.29%
ACHC	6.2B	3.0B	-5.49%	-7.73%	-545.12	2.06	10.92%	-104.06%
AMEH	2.3B	1.5B	9.06%	20.53%	36.62	1.57	19.34%	40.15%
AMN	2.2B	3.5B	4.01%	-38.44%	15.49	0.64	-27.67%	-62.43%
SMALL-CAP
ADUS	1.8B	1.1B	14.53%	25.72%	27.59	1.67	11.45%	30.74%
BKD	1.3B	3.0B	6.97%	85.25%	-7.66	0.44	4.98%	4.88%
BEAT	54.5M	-	-4.17%	-6.33%	-3.61	-	-	-1.05%
AMS	22.0M	21.6M	16.05%	23.93%	39.79	1.02	9.04%	-50.63%

Surgery Partners Inc News

Latest updates

Surgery Partners Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(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
Revenue	-2.4%	717	735	674	668	666	707	621	615	596	610	559	543	512	548	496	375	441	517	452	445	417
Cost Of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	388	353	340	326
Operating Expenses	1.2%	641	634	592	570	620	613	547	539	496	495	496	484	448	452	478	330	418	445	393	390	367
S&GA Expenses	-100.0%	-	21.00	37.00	31.00	32.00	29.00	18.00	26.00	30.00	27.00	26.00	25.00	27.00	24.00	25.00	25.00	23.00	24.00	20.00	23.00	22.00
Income Taxes	-26.7%	4.00	6.00	3.00	-7.80	-1.60	10.00	8.00	4.00	1.00	12.00	1.00	-2.70	0.00	-5.60	1.00	-0.60	-15.20	4.00	2.00	1.00	2.00
Net Income	-1140.0%	-12.40	-1.00	-4.90	19.00	-24.90	-23.40	-25.00	-18.40	12.00	-0.10	-22.90	-26.90	-21.00	6.00	-61.60	-32.50	-27.50	-19.20	-15.70	-19.80	-20.10
Net Income Margin	105.0%	0.00*	0.00*	-0.01*	-0.02*	-0.04*	-0.02*	-0.01*	-0.01*	-0.02*	-0.03*	-0.03*	-0.05*	-	-	-	-	-	-	-	-	-
Free Cashflow	-54.0%	20.00	43.00	86.00	26.00	50.00	-15.50	12.00	20.00	62.00	6.00	-0.60	-11.20	-	-	-	-	-	-	-	-	-

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	1.4%	6,976	6,877	6,780	6,621	6,643	6,682	6,537	6,292	6,290	6,118	5,632	5,621	5,639	5,413	5,313	5,245	5,091	5,019	4,918	4,891	4,881
Current Assets	0.1%	896	895	876	810	869	921	738	788	937	946	842	953	1,018	802	893	747	615	526	518	529	535
Cash Equivalents	-5.5%	185	196	236	177	246	283	155	227	379	390	330	465	542	318	450	327	195	93.00	112	118	143
Inventory	2.4%	77.00	75.00	69.00	70.00	72.00	71.00	69.00	64.00	63.00	61.00	59.00	57.00	56.00	56.00	51.00	49.00	49.00	46.00	44.00	44.00	44.00
Goodwill	1.7%	4,398	4,326	-	-	-	4,137	-	-	-	3,912	-	-	-	3,468	-	-	-	3,402	3,406	3,402	3,393
Current Liabilities	0.1%	523	523	501	459	475	493	624	522	542	537	541	532	575	557	591	571	412	398	382	369	360
Long Term Debt	3.4%	2,794	2,702	2,640	2,505	2,531	2,559	3,103	3,019	3,025	2,878	2,792	2,786	2,790	2,792	2,761	2,623	2,627	2,525	2,403	2,397	2,385
Shareholder's Equity	52.9%	3,038	1,987	2,005	2,983	2,943	1,998	2,105	2,041	2,013	1,970	1,552	1,527	1,105	882	801	896	923	983	1,007	1,045	1,084
Retained Earnings	-2.2%	-581	-569	-568	-563	-582	-557	-533	-508	-490	-502	-502	-479	-452	-431	-	-	-343	-315	-284	-268	-249
Additional Paid-In Capital	-0.1%	2,496	2,498	2,495	2,501	2,478	2,478	1,623	1,619	1,625	1,622	1,306	1,298	843	608	-	-	655	663	670	678	674
Accumulated Depreciation	-	-	-	-	-	-	-	-	-	-	-	-	231	216	189	171	152	130	111	98.00	75.00	60.00
Shares Outstanding	0.4%	127	127	126	126	126	126	89.00	88.00	88.00	72.00	81.00	69.00	-	-	-	-	-	-	-	-	-
Minority Interest	2.2%	1,071	1,047	982	965	981	943	933	885	852	881	796	762	769	767	700	692	687	687	678	686	693
Float	-	-	-	-	4,700	-	-	-	1,100	-	-	-	2,100	-	-	-	256	-	-	-	175	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(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
Cashflow From Operations	-35.0%	41.00	63.00	105	52.00	75.00	7.00	30.00	42.00	80.00	20.00	15.00	2.00	50.00	9.00	27.00	182	29.00	25.00	57.00	27.00	21.00
Share Based Compensation	8.9%	5.00	5.00	4.00	5.00	4.00	5.00	5.00	4.00	4.00	4.00	4.00	4.00	5.00	3.00	3.00	3.00	4.00	3.00	3.00	3.00	2.00
Cashflow From Investing	-43.0%	-83.10	-58.10	-25.60	-71.20	-70.70	-72.20	-54.30	-134	-47.10	-190	-101	-26.40	-14.30	-95.20	29.00	-14.80	-7.70	-23.40	-18.90	-24.50	-18.40
Cashflow From Financing	171.1%	32.00	-44.60	-20.40	-49.00	-41.20	193	-48.00	-59.30	-43.70	230	-48.30	-53.00	188	-45.80	68.00	-35.40	80.00	-20.60	-44.10	-27.30	-43.90
Buy Backs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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SGRY Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions

3 Months Ended

Mar. 31, 2024

Mar. 31, 2023

Income Statement [Abstract]

Revenues

$ 717.4

$ 666.2

Operating expenses:

Salaries and benefits

215.2

202.2

Supplies

188.8

188.4

Professional and medical fees

82.6

74.6

Lease expense

21.4

Other operating expenses

54.1

45.6

Cost of revenues

562.1

532.2

General and administrative expenses

33.2

32.0

Depreciation and amortization

33.7

Transaction and integration costs

17.4

12.5

Net loss on disposals, consolidations and deconsolidations

1.5

10.5

Equity in earnings of unconsolidated affiliates

(2.7)

(3.3)

Litigation settlements

(1.8)

3.0

Other income, net

(2.0)

(0.8)

Total operating expenses

641.4

619.8

Operating income

76.0

46.4

Interest expense, net

(47.3)

(46.8)

Income (loss) before income taxes

28.7

(0.4)

Income tax (expense) benefit

(4.4)

1.6

Net income

24.3

1.2

Less: Net income attributable to non-controlling interests

(36.7)

(26.1)

Net loss attributable to Surgery Partners, Inc.

$ (12.4)

$ (24.9)

Net loss per share attributable to common stockholders:

Basic (in USD per share)

$ (0.10)

$ (0.20)

Diluted (in USD per share)

^[1]

$ (0.10)

$ (0.20)

Weighted average common shares outstanding:

Basic (shares)

125,972

125,206

Diluted (shares)

^[1]

125,972

125,206

[1]	The impact of potentially dilutive securities for all periods were not considered because the effect would be anti-dilutive.

SGRY Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 185.2	$ 195.9
Accounts receivable	494.3	496.4
Inventories	77.0	75.2
Prepaid expenses	31.7	31.0
Other current assets	107.7	96.5
Total current assets	895.9	895.0
Property and equipment, net of accumulated depreciation of $485.4 and $454.4, respectively	982.8	968.7
Goodwill and other intangible assets, net	4,451.1	4,380.8
Investments in and advances to affiliates	188.7	184.1
Right-of-use operating lease assets	257.7	255.3
Long-term deferred tax assets	87.0	89.5
Other long-term assets	112.4	103.3
Total assets	6,975.6	6,876.7
Current liabilities:
Accounts payable	174.1	171.8
Accrued payroll and benefits	68.6	73.8
Other current liabilities	203.5	204.1
Current maturities of long-term debt	77.2	73.3
Total current liabilities	523.4	523.0
Long-term debt, less current maturities	2,793.8	2,701.8
Right-of-use operating lease liabilities	250.5	248.9
Other long-term liabilities	46.3	41.1
Non-controlling interests—redeemable	323.7	327.4
Stockholders' equity:
Preferred stock, $0.01 par value; shares authorized - 20,310,000; shares issued or outstanding - none	0.0	0.0
Common stock, $0.01 par value; shares authorized - 300,000,000; shares issued and outstanding - 127,101,670 and 126,593,727, respectively	1.3	1.3
Additional paid-in capital	2,495.6	2,497.6
Accumulated other comprehensive income	52.0	57.5
Retained deficit	(581.6)	(569.2)
Total Surgery Partners, Inc. stockholders' equity	1,967.3	1,987.2
Non-controlling interests—non-redeemable	1,070.6	1,047.3
Total stockholders' equity	3,037.9	3,034.5
Total liabilities and stockholders' equity	$ 6,975.6	$ 6,876.7

About Surgery Partners Inc

Surgery Partners, Inc., through its subsidiaries, owns and operates a network of surgical facilities and ancillary services in the United States. The company operates through two segments, Surgical Facility Services and Ancillary Services. Its surgical facilities comprise ambulatory surgery centers and surgical hospitals that offer non-emergency surgical procedures in various specialties, including orthopedics and pain management, ophthalmology, gastroenterology, and general surgery. The company's surgical hospitals also provide ancillary services, such as diagnostic imaging, laboratory, obstetrics, oncology, pharmacy, physical therapy, and wound care; and ancillary services, including multi-specialty physician practices, urgent care facilities, and anesthesia services. The company was founded in 2004 and is headquartered in Brentwood, Tennessee.

CEO	Mr. J. Eric Evans
WEBSITE	surgerypartners.com
INDUSTRY	Healthcare Plans
EMPLOYEES	9100

Surgery Partners Inc Frequently Asked Questions

What is the ticker symbol for Surgery Partners Inc? What does SGRY stand for in stocks?

SGRY is the stock ticker symbol of Surgery Partners Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Surgery Partners Inc (SGRY)?

As of Fri May 17 2024, market cap of Surgery Partners Inc is 3.28 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SGRY stock?

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

What is the fair value of SGRY stock?

You can check SGRY's fair value in chart for subscribers. The fair value of Surgery Partners 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 Surgery Partners 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 SGRY 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 Surgery Partners Inc a good stock to buy?

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

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

As of Fri May 17 2024, SGRY's PE ratio (Price to Earnings) is 5.47 Thousand and Price to Sales (PS) ratio is 1.17. 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. SGRY PE ratio will change depending on the future growth rate expectations of investors.