MPLN - MultiPlan Corporation Stock Price, Fair Value and News

0.59USD0.00 (0.00%)Delayed

Market Summary

USD0.590.00

Delayed

0.00%

MPLN Alerts

Big fall in earnings (Y/Y)

Losses in recent quarter

MPLN Stock Price

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MPLN RSI Chart

MPLN Valuation

Market Cap

380.5M

Price/Earnings (Trailing)

-0.6

Price/Sales (Trailing)

0.4

EV/EBITDA

-18.45

Price/Free Cashflow

9.3

MPLN Price/Sales (Trailing)

MPLN Profitability

EBT Margin

-69.90%

Return on Equity

-53.96%

Return on Assets

-9.92%

Free Cashflow Yield

10.76%

MPLN Fundamentals

MPLN Revenue

Revenue (TTM)

959.4M

Rev. Growth (Yr)

-0.88%

Rev. Growth (Qtr)

-3.94%

MPLN Earnings

Earnings (TTM)

-631.6M

Earnings Growth (Yr)

-258.3K%

Earnings Growth (Qtr)

-1.6K%

Breaking Down MPLN Revenue

Last 7 days

-16.9%

Last 30 days

-19.2%

Last 90 days

-52.0%

Trailing 12 Months

-45.9%

How does MPLN drawdown profile look like?

MPLN Financial Health

Current Ratio

0.98

Debt/Equity

3.85

Debt/Cashflow

0.03

MPLN Investor Care

Shares Dilution (1Y)

1.93%

Diluted EPS (TTM)

-0.98

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	959.4M	0	0	0
2023	1.0B	966.1M	958.5M	961.5M
2022	1.2B	1.2B	1.1B	1.1B
2021	940.6M	1.0B	1.1B	1.1B
2020	989.9M	951.1M	928.8M	937.8M
2019	1.0B	1.0B	997.4M	982.9M
2018	0	0	0	1.0B

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

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of MultiPlan Corporation

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 24, 2024	klein michael stuart	acquired	-	-	172,413	-
Apr 24, 2024	prince john michael	acquired	-	-	172,413	-
Apr 24, 2024	colaluca anthony jr	acquired	-	-	172,413	-
Apr 24, 2024	harris c martin	acquired	-	-	172,413	-
Apr 24, 2024	klapstein julie d	acquired	-	-	172,413	-
Apr 24, 2024	august glenn r	acquired	-	-	172,413	-
Apr 24, 2024	clarke richard a	acquired	-	-	172,413	-
Mar 29, 2024	kim michael	sold (taxes)	-2,033	0.81	-2,510	svp, chief information officer
Mar 29, 2024	kozel gerald	sold (taxes)	-2,395	0.81	-2,958	svp, chief accounting officer
Mar 29, 2024	white dale a.	sold (taxes)	-16,297	0.81	-20,120	executive chair

Which funds bought or sold MPLN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	COMERICA BANK	sold off	-100	-1,302	-	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-7.65	-203,571	220,724	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-26.85	-306,836	215,064	-%
May 15, 2024	Magnetar Financial LLC	sold off	-100	-22,089	-	-%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-69.53	-24,912	5,160	-%
May 15, 2024	TWO SIGMA ADVISERS, LP	added	19.04	-42,361	86,231	-%
May 15, 2024	TWO SIGMA SECURITIES, LLC	added	32.66	-11,786	34,856	-%
May 15, 2024	NOMURA HOLDINGS INC	sold off	-100	-26,010	-	-%
May 15, 2024	NOMURA HOLDINGS INC	reduced	-	-5,030,580	6,489,390	0.02%
May 15, 2024	Leonard Green & Partners, L.P.	unchanged	-	-24,185,000	31,182,900	0.57%

Are Funds Buying or Selling MPLN?

Are funds buying MPLN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MPLN

No. of Funds

Unveiling MultiPlan Corporation's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	klein michael stuart	5.7%	38,282,464	SC 13G/A
Feb 13, 2024	vanguard group inc	5.63%	36,563,785	SC 13G/A
Feb 12, 2024	public investment fund	9.5%	61,750,000	SC 13G/A
Feb 14, 2023	klein michael stuart	5.8%	38,282,464	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	0.1%	322,460	SC 13G/A
Feb 09, 2023	vanguard group inc	5.10%	32,613,544	SC 13G/A
May 13, 2022	hellman & friedman investors viii, l.p.	23.5%	150,270,487	SC 13D/A
Feb 14, 2022	price t rowe associates inc /md/	5.7%	37,322,747	SC 13G/A
Feb 11, 2022	gic private ltd	7.77%	49,612,794	SC 13G/A
Feb 11, 2022	klein michael stuart	7.8%	52,019,016	SC 13G/A

Recent SEC filings of MultiPlan Corporation

View All Filings

Date Filed	Form Type	Document
May 10, 2024	8-K	Current Report
May 09, 2024	10-Q	Quarterly Report
May 09, 2024	S-8	Employee Benefits Plan
May 08, 2024	8-K	Current Report
Apr 26, 2024	4	Insider Trading
Apr 26, 2024	8-K	Current Report
Apr 26, 2024	4	Insider Trading
Apr 26, 2024	4	Insider Trading
Apr 26, 2024	4	Insider Trading
Apr 26, 2024	4	Insider Trading

Peers (Alternatives to MultiPlan Corporation)

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%

MultiPlan Corporation News

Latest updates

MultiPlan Corporation 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	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-3.9%	235	244	243	238	237	241	250	290	298	298	288	276	255	255	224	207	252	246	246	246	245
Costs and Expenses	254.6%	721	203	203	203	190	855	214	192	181	189	184	186	173	296	423	187	164	144	165	146	160
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	296	423	187	164	144	165	146	160
S&GA Expenses	-100.0%	-	36.00	37.00	40.00	31.00	36.00	58.00	40.00	33.00	41.00	38.00	40.00	32.00	121	176	36.00	22.00	-	-	-	-
EBITDA Margin	-186.3%	-0.27*	0.32*	-0.33*	-0.30*	-0.23*	-0.17*	0.42*	0.48*	0.41*	0.42*	0.87*	0.55*	-	-	-	-	-	-	-	-	-
Interest Expenses	-1.0%	82.00	83.00	84.00	82.00	83.00	82.00	77.00	73.00	71.00	72.00	68.00	64.00	64.00	76.00	82.00	86.00	91.00	-	-	-	-
Income Taxes	-5593.3%	-21.98	-0.39	-6.87	-9.79	2.00	2.00	-10.69	6.00	14.00	10.00	20.00	-8.80	13.00	45.00	-1.08	-9.46	-0.68	-	-	-	-
Earnings Before Taxes	-1665.3%	-561	-31.82	-31.02	-46.16	2.00	-647	9.00	20.00	58.00	34.00	98.00	-55.73	59.00	494	-289	-65.70	-3.28	-	-	-	-
EBT Margin	-527.6%	-0.70*	-0.11*	-0.75*	-0.71*	-0.61*	-0.52*	0.11*	0.18*	0.12*	0.12*	0.55*	0.21*	-	-	-	-	-	-	-	-	-
Net Income	-1619.2%	-539	-31.39	-24.14	-36.37	0.00	-650	20.00	14.00	44.00	25.00	78.00	-46.93	46.00	-173	-288	-56.25	-2.59	12.00	5.00	1.00	-8.36
Net Income Margin	-590.3%	-0.66*	-0.10*	-0.74*	-0.69*	-0.61*	-0.53*	0.09*	0.14*	0.09*	0.09*	-0.09*	-0.46*	-	-	-	-	-	-	-	-	-
Free Cashflow	626.6%	19.00	-3.64	50.00	-24.31	41.00	2.00	88.00	22.00	170	6.00	147	15.00	-	-	-	-	-	-	-	-	-

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
Assets	-8.6%	6,367	6,965	7,058	7,136	7,215	7,371	8,192	8,216	8,276	8,220	8,279	8,339	8,355	8,284	1,108	1,108	1,108	8,360
Current Assets	-2.1%	190	194	212	209	371	447	529	469	455	319	306	281	212	209	3.00	3.00	4.00	116
Cash Equivalents	-3.3%	69.00	72.00	101	90.00	266	334	439	354	351	185	225	148	135	127	204	179	250	22.00
Goodwill	-13.5%	3,313	3,829	3,829	3,829	3,705	3,705	4,363	4,363	4,363	4,363	4,365	4,366	4,366	4,257	-	-	-	4,142
Liabilities	-1.1%	5,196	5,256	5,308	5,368	5,427	5,581	5,755	5,807	5,884	5,876	5,923	6,004	5,979	5,726	5,888	6,050	6,213	6,375
Current Liabilities	16.4%	194	167	172	147	156	176	230	148	202	142	167	112	216	112	9.00	2.00	0.00	86.00
Long Term Debt	-0.5%	4,511	4,533	4,558	4,604	4,604	4,742	4,877	4,878	4,878	4,879	4,893	4,882	4,879	4,578	-	-	-	5,397
LT Debt, Current	0%	13.00	13.00	13.00	13.00	13.00	13.00	13.00	13.00	13.00	13.00	-	-	-	-	-	-	-	-
Shareholder's Equity	-31.5%	1,170	1,709	1,750	1,769	1,788	1,791	2,437	2,409	2,391	2,345	2,355	2,335	2,377	2,558	1,938	1,964	1,992	1,985
Retained Earnings	-108.1%	-1,039	-499	-467	-443	-347	-347	302	283	269	225	200	122	169	117	-6.96	2.00	3.00	638
Additional Paid-In Capital	0.1%	2,351	2,349	2,343	2,339	2,334	2,330	2,327	2,318	2,314	2,312	2,308	2,305	2,298	2,530	12.00	3.00	2.00	1,348
Shares Outstanding	-0.6%	644	648	649	649	635	639	639	639	638	651	654	655	-	-	-	-	-	-
Float	-	-	-	-	865	-	-	-	1,453	-	-	-	2,566	-	-	-	1,187	-	-

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	2018Q4
Cashflow From Operations	79.5%	49,716	27,702	72,118	7,685	64,215	27,689	109,036	40,795	194,844	33,261	167,037	33,482	170,907	45,073	140,434	44,474	147,393	-	-
Share Based Compensation	22.2%	5,694	4,661	4,835	4,827	3,695	5,441	4,064	4,104	3,130	4,816	4,752	7,474	968	106,426	262,356	27,911	9,361	-	-
Cashflow From Investing	2.5%	-30,544	-31,343	-22,060	-173,288	-23,101	-25,526	-20,810	-33,945	-24,165	-27,182	-20,347	-18,452	-162,398	-60,517	-115,462	-17,530	-17,336	-	-
Cashflow From Financing	-40.1%	-31,488	-22,479	-38,338	-10,739	-109,437	-103,424	-3,493	-3,551	-5,270	-42,840	-69,521	-2,091	-232	-61,608	-25.00	-97,959	97,993	34.00	-
Buy Backs	399.0%	10,370	2,078	-	7,422	5,718	-	-	-	-	38,920	58,757	2,059	264	101,123	-	-	-	-	-

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MPLN Income Statement

2024-03-31

Unaudited Condensed Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenues	$ 234,508,000	$ 236,594,000
Costs of services (exclusive of depreciation and amortization of intangible assets shown below)	60,077,000	54,850,000
General and administrative expenses	34,857,000	31,467,000
Depreciation	20,989,000	18,206,000
Amortization of intangible assets	85,971,000	85,127,000
Loss on impairment of goodwill and intangible assets	519,050,000	0
Total expenses	720,944,000	189,650,000
Operating (loss) income	(486,436,000)	46,944,000
Interest expense	82,198,000	83,428,000
Interest income	(926,000)	(3,239,000)
Gain on extinguishment of debt	(5,913,000)	(36,778,000)
(Gain) loss on change in fair value of Private Placement Warrants and Unvested Founder Shares	(130,000)	1,631,000
Net (loss) income before taxes	(561,665,000)	1,902,000
(Benefit) provision for income taxes	(21,976,000)	1,693,000
Net (loss) income	$ (539,689,000)	$ 209,000
Weighted average shares outstanding – Basic (in shares)	646,334,247	638,721,991
Weighted average shares outstanding – Diluted (in shares)	646,334,247	640,901,289
Net (loss) income per share – Basic (in usd per share)	$ (0.83)	$ 0.00
Net (loss) income per share – Diluted (in usd per share)	$ (0.83)	$ 0.00
Change in unrealized losses on interest rate swaps, net of tax	$ 8,542,000	$ 0
Comprehensive (loss) income	$ (531,147,000)	$ 209,000

MPLN 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	$ 58,695	$ 71,547
Restricted cash	10,483	9,947
Trade accounts receivable, net	82,443	76,558
Prepaid expenses	24,377	23,432
Prepaid taxes	0	1,364
Other current assets, net	13,512	10,745
Total current assets	189,510	193,593
Property and equipment, net	277,921	267,429
Operating lease right-of-use assets	18,416	19,680
Goodwill	3,312,652	3,829,002
Other intangibles, net	2,544,536	2,633,207
Other assets, net	23,660	21,776
Total assets	6,366,695	6,964,687
Current liabilities:
Accounts payable	18,038	19,590
Accrued interest	75,358	56,827
Accrued taxes	31,627	0
Operating lease obligation, short-term	4,718	4,792
Current portion of long-term debt	13,250	13,250
Accrued compensation	22,683	44,720
Accrued legal contingencies	13,123	12,123
Other accrued expenses	15,315	15,437
Total current liabilities	194,112	166,739
Long-term debt	4,511,297	4,532,733
Operating lease obligation, long-term	15,902	17,124
Private Placement Warrants and Unvested Founder Shares	347	477
Deferred income taxes	467,543	521,707
Other liabilities	7,112	16,783
Total liabilities	5,196,313	5,255,563
Commitments and contingencies (Note 7)
Shareholders’ equity:
Preferred stock, $0.0001 par value — 10,000,000 shares authorized; no shares issued	0	0
Common stock, $0.0000 par value — 1,500,000 shares authorized; 673,900 and 667,808 issued; 644,185 and 648,319 shares outstanding	67	67
Additional paid-in capital	2,351,280	2,348,505
Accumulated other comprehensive loss	(3,236)	(11,778)
Retained deficit	(1,038,996)	(499,307)
Treasury stock — 29,714 and 19,489 shares	(138,733)	(128,363)
Total shareholders’ equity	1,170,382	1,709,124
Total liabilities and shareholders’ equity	$ 6,366,695	$ 6,964,687

About MultiPlan Corporation

MultiPlan Corporation, together with its subsidiaries, provides data analytics and technology-enabled cost management, payment, and revenue integrity solutions to the healthcare industry in the United States. The company offers analytics-based services that reduce medical costs, through data-driven algorithms and insights that detect claims over-charges and negotiate or recommend reimbursement; and network-based services that provide contracted discounts with healthcare providers, as well as outsourced network development and management services. It also provides payment and revenue integrity services, such as identifying and removing improper and unnecessary charges paid during the claim, as well as services to identify and help restore and preserve underpaid premium dollars. The company serves national and regional insurance companies, Blue Cross and Blue Shield plans, provider-sponsored and independent health plans, TPAs, self-insured health plans, property and casualty insurers, bill review companies, and other companies involved in the claim adjudication process. MultiPlan Corporation was founded in 1980 and is headquartered in New York, New York.

CEO	Mr. Dale A. White
WEBSITE	multiplan.us
INDUSTRY	Healthcare Plans
EMPLOYEES	2500

MultiPlan Corporation Frequently Asked Questions

What is the ticker symbol for MultiPlan Corporation? What does MPLN stand for in stocks?

MPLN is the stock ticker symbol of MultiPlan Corporation. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of MultiPlan Corporation (MPLN)?

As of Fri May 17 2024, market cap of MultiPlan Corporation is 380.47 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MPLN stock?

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

What is the fair value of MPLN stock?

You can check MPLN's fair value in chart for subscribers. The fair value of MultiPlan Corporation 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 MultiPlan Corporation 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 MPLN 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 MultiPlan Corporation a good stock to buy?

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

What is MultiPlan Corporation's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, MPLN's PE ratio (Price to Earnings) is -0.6 and Price to Sales (PS) ratio is 0.4. 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. MPLN PE ratio will change depending on the future growth rate expectations of investors.