Modivcare Stock Net Income
| MODV Stock | USD 16.84 0.24 1.41% |
ModivCare fundamentals help investors to digest information that contributes to ModivCare's financial success or failures. It also enables traders to predict the movement of ModivCare Stock. The fundamental analysis module provides a way to measure ModivCare's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ModivCare stock.
| Last Reported | Projected for Next Year | ||
| Net Loss | -28.6 M | -27.2 M | |
| Net Loss | -204.5 M | -194.2 M | |
| Net Loss | -206.2 M | -195.8 M | |
| Net Loss | (14.43) | (13.70) | |
| Net Income Per E B T | 0.98 | 1.03 |
ModivCare | Net Income |
ModivCare Company Net Income Analysis
ModivCare's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current ModivCare Net Income | (204.46 M) |
Most of ModivCare's fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ModivCare is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
ModivCare Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for ModivCare is extremely important. It helps to project a fair market value of ModivCare Stock properly, considering its historical fundamentals such as Net Income. Since ModivCare's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of ModivCare's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of ModivCare's interrelated accounts and indicators.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
ModivCare Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, ModivCare reported net income of (204.46 Million). This is 159.91% lower than that of the Health Care Providers & Services sector and significantly lower than that of the Health Care industry. The net income for all United States stocks is 135.81% higher than that of the company.
ModivCare Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ModivCare's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ModivCare could also be used in its relative valuation, which is a method of valuing ModivCare by comparing valuation metrics of similar companies.ModivCare is currently under evaluation in net income category among its peers.
ModivCare Current Valuation Drivers
We derive many important indicators used in calculating different scores of ModivCare from analyzing ModivCare's financial statements. These drivers represent accounts that assess ModivCare's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of ModivCare's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 766.9M | 1.9B | 2.1B | 1.3B | 623.5M | 452.1M | |
| Enterprise Value | 727.1M | 2.2B | 3.0B | 2.3B | 1.8B | 1.8B |
ModivCare ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, ModivCare's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to ModivCare's managers, analysts, and investors.Environmental | Governance | Social |
ModivCare Institutional Holders
Institutional Holdings refers to the ownership stake in ModivCare that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of ModivCare's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing ModivCare's value.| Shares | Renaissance Technologies Corp | 2024-06-30 | 304.3 K | Dimensional Fund Advisors, Inc. | 2024-06-30 | 301.6 K | Geode Capital Management, Llc | 2024-06-30 | 271.8 K | D. E. Shaw & Co Lp | 2024-06-30 | 271.8 K | William Blair Investment Management, Llc | 2024-06-30 | 257.7 K | Goldman Sachs Group Inc | 2024-06-30 | 217 K | Kennedy Capital Management Inc | 2024-06-30 | 190.3 K | Charles Schwab Investment Management Inc | 2024-06-30 | 177 K | Jane Street Group Llc | 2024-06-30 | 176.5 K | Coliseum Capital Management Llc | 2024-06-30 | 3 M | Neuberger Berman Group Llc | 2024-06-30 | 1.7 M |
ModivCare Fundamentals
| Return On Equity | -2.58 | ||||
| Return On Asset | 0.0086 | ||||
| Profit Margin | (0.07) % | ||||
| Operating Margin | 0.01 % | ||||
| Current Valuation | 1.46 B | ||||
| Shares Outstanding | 14.28 M | ||||
| Shares Owned By Insiders | 1.40 % | ||||
| Shares Owned By Institutions | 98.60 % | ||||
| Number Of Shares Shorted | 620.35 K | ||||
| Price To Earning | 52.70 X | ||||
| Price To Book | 19.01 X | ||||
| Price To Sales | 0.09 X | ||||
| Revenue | 2.75 B | ||||
| Gross Profit | 472.32 M | ||||
| EBITDA | 154.73 M | ||||
| Net Income | (204.46 M) | ||||
| Cash And Equivalents | 72.7 M | ||||
| Cash Per Share | 5.14 X | ||||
| Total Debt | 1.14 B | ||||
| Debt To Equity | 2.88 % | ||||
| Current Ratio | 0.71 X | ||||
| Book Value Per Share | (1.19) X | ||||
| Cash Flow From Operations | (82.97 M) | ||||
| Short Ratio | 1.85 X | ||||
| Earnings Per Share | (12.70) X | ||||
| Price To Earnings To Growth | 1.08 X | ||||
| Target Price | 25.0 | ||||
| Number Of Employees | 21.2 K | ||||
| Beta | 0.49 | ||||
| Market Capitalization | 243.82 M | ||||
| Total Asset | 1.77 B | ||||
| Retained Earnings | (24.44 M) | ||||
| Working Capital | (115.48 M) | ||||
| Net Asset | 1.77 B |
About ModivCare Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ModivCare's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ModivCare using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ModivCare based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Additional Tools for ModivCare Stock Analysis
When running ModivCare's price analysis, check to measure ModivCare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ModivCare is operating at the current time. Most of ModivCare's value examination focuses on studying past and present price action to predict the probability of ModivCare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ModivCare's price. Additionally, you may evaluate how the addition of ModivCare to your portfolios can decrease your overall portfolio volatility.