ModivCare Inc

Chart & Performance

D1W1MN

P/E

—

P/S

0.06

EPS

—

Div Yield, %

0.00%

Shrs. gr., 5y

1.69%

Rev. gr., 5y

14.71%

Revenues

2.75b

+9.85%

Net income

-204m

L+10,999.89%

CFO

-83m

L+694.59%

Earnings

Feb 20, 2025

Profile

ModivCare Inc., a technology-enabled healthcare services company, provides a suite of integrated supportive care solutions for public and private payors and patients. The company operates through four segments: Non-Emergency Medical Transportation (NEMT), Personal Care, Remote Patient Monitoring (RPM), and the Matrix Investment. The NEMT segment offers 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. The Personal Care segment provides 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. The RPM segment offers personal emergency response systems, vitals monitoring, medication management, and data-driven patient engagement solutions. The Matrix Investment segment provides in-home and on-site care services, as well as a fleet of mobile health clinics that offers community-based care with advanced diagnostic capabilities and care options. 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 headquartered in Denver, Colorado.

URL

https://modivcare.com/

IPO date

Aug 19, 2003

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	2,751,170 9.85%	2,504,393 25.41%	1,996,892 45.90%
Cost of revenue	2,608,782	2,354,245	1,855,564
Unusual Expense (Income)
NOPBT	142,388	150,148	141,328
NOPBT Margin	5.18%	6.00%	7.08%
Operating Taxes	(4,319)	(3,035)	8,729
Tax Rate			6.18%
NOPAT	146,707	153,183	132,599
Net income	(204,460) 10,999.89%	(1,842) -105.76%	31,961 -64.02%
Dividends
Dividend yield
Proceeds from repurchase of equity	31	5,997	(37,663)
BB yield	0.00%	-0.48%	1.81%
Debt
Debt current	131,254	9,640	9,873
Long-term debt	1,060,052	1,053,177	1,054,146
Deferred revenue			(94,611)
Other long-term liabilities	33,553	29,434	117,175
Net debt	1,147,558	1,007,063	847,811
Cash flow
Cash from operating activities	(82,971)	(10,442)	186,840
CAPEX	(42,288)	(33,004)	(21,316)
Cash from investing activities	(42,288)	(111,813)	(685,625)
Cash from financing activities	113,066	3,808	448,851
FCF	(17,475)	169,632	199,841
Balance
Cash	2,217	14,451	133,139
Long term investments	41,531	41,303	83,069
Excess cash			116,363
Stockholders' equity	(24,417)	180,043	211,849
Invested Capital	1,362,960	1,405,079	1,299,090
ROIC	10.60%	11.33%	12.65%
ROCE	10.33%	10.27%	9.36%
EV
Common stock shares outstanding	14,174	14,062	14,054
Price	43.99 -50.98%	89.73 -39.49%	148.29 6.97%
Market cap	623,512 -50.58%	1,261,769 -39.46%	2,084,077 9.87%
EV	1,771,070	2,268,832	2,931,888
EBITDA	259,003	250,563	198,326
EV/EBITDA	6.84	9.05	14.78
Interest	69,120	61,961	49,081
Interest/NOPBT	48.54%	41.27%	34.73%