Addus Homecare Corp Stock Research

Market Summary

USD88.81-0.03

Market Closed

-0.03%

ADUS Alerts

Big jump in Earnings (Y/Y)

ADUS Stock Price

ADUS RSI Chart

ADUS Valuation

Market Cap

1.4B

Price/Earnings (Trailing)

28.65

Price/Sales (Trailing)

1.47

EV/EBITDA

19.48

Price/Free Cashflow

13.09

ADUS Price/Sales (Trailing)

ADUS Profitability

EBT Margin

6.33%

Return on Equity

7.26%

Return on Assets

4.91%

Free Cashflow Yield

7.64%

ADUS Fundamentals

ADUS Revenue

Revenue (TTM)

976.1M

Revenue Y/Y

11.02%

Revenue Q/Q

1.84%

ADUS Earnings

Earnings (TTM)

50.2M

Earnings Y/Y

49.65%

Earnings Q/Q

-14.14%

Price Action

52 Week Range

73.66114.99

(Low)(High)

Last 7 days

0.3%

Last 30 days

-21.1%

Last 90 days

-15.1%

Trailing 12 Months

3.9%

ADUS Financial Health

Current Ratio

1.7

ADUS Investor Care

Shares Dilution (1Y)

0.85%

Diluted EPS (TTM)

3.09

Peers (Alternatives to Addus Homecare)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
HCA	73.0B	60.9B	-4.91%	25.24%	12.73	1.2	1.94%	-15.77%
LH	20.7B	14.8B	-2.77%	-13.32%	16.22	1.39	-6.96%	-52.35%
DGX	15.0B	9.6B	-8.90%	-4.59%	18.89	1.56	-10.08%	-57.84%
MID-CAP
UHS	9.9B	13.6B	-10.37%	3.84%	14.64	0.74	5.04%	-26.87%
CHE	8.1B	2.2B	-3.35%	8.33%	33.85	3.75	1.03%	-10.38%
LHCG	5.2B	2.3B	3.17%	35.63%	86.23	2.28	2.85%	-58.05%
ENSG	5.0B	3.2B	-11.17%	9.89%	21.14	1.55	17.88%	19.62%
AMN	3.9B	4.8B	11.84%	2.65%	10.12	0.8	3.57%	-4.88%
GH	2.9B	482.2M	34.10%	-27.10%	-4.41	5.98	23.29%	-70.12%
AMED	2.5B	2.2B	0.86%	-34.14%	22.43	1.13	0.55%	-41.23%
SMALL-CAP
RDNT	1.7B	1.5B	6.01%	44.82%	-126.07	1.14	10.24%	-173.11%
ADUS	1.4B	976.1M	-21.09%	3.91%	28.65	1.47	10.19%	12.37%
NHC	919.4M	1.1B	3.90%	-11.21%	51.63	0.85	-2.36%	-86.62%
VMD	394.4M	146.1M	-12.69%	63.35%	63.38	2.84	20.87%	-35.06%

Financials for Addus Homecare

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	2.6%	976	951	929	905	886
Gross Profit	2.7%	308	300	294	286	279
Operating Expenses	1.4%	234	231	226	219	212
S&GA Expenses	1.5%	220	217	212	204	197
EBITDA	-1.4%	66.00	67.00	68.00	69.00	-
EBITDA Margin	-3.8%	0.07*	0.07*	0.08*	0.08*	-
Earnings Before Taxes	7.5%	65.00	60.00	60.00	60.00	61.00
EBT Margin	-1.6%	0.06*	0.06*	0.07*	0.07*	-
Interest Expenses	-13.2%	-8.57	-7.56	-6.75	-6.11	-
Net Income	9.1%	50.00	46.00	44.00	44.00	45.00
Net Income Margin	1.4%	0.05*	0.05*	0.05*	0.05*	-
Free Cahsflow	-4.8%	97.00	102	101	59.00	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-0.7%	931	938	946	965	987
Current Assets	-6.1%	209	223	240	256	276
Cash Equivalents	-8.0%	74.00	80.00	106	121	125
Net PPE	-4.4%	20.00	21.00	17.00	18.00	19.00
Goodwill	0.2%	584	583	9.00	575	574
Liabilities	-7.3%	282	304	331	365	401
Current Liabilities	-4.9%	125	131	128	128	104
LT Debt, Non Current	-17.7%	108	132	164	196	256
Shareholder's Equity	2.4%	649	634	615	600	586
Retained Earnings	5.3%	253	240	226	214	203
Additional Paid-In Capital	0.7%	396	393	389	386	383
Shares Outstanding	0.5%	16.00	16.00	16.00	16.00	16.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	12.2%	118	105	106	105	64.00
Share Based Compensation	1.5%	11.00	11.00	10.00	10.00	10.00
Cashflow From Investing	78.7%	-22.74	-106	-96.94	-126	-126
Cashflow From Financing	-67.4%	-146	-87.45	-55.82	2.00	62.00

Risks for ADUS

What is the probability of a big loss on ADUS?

58.9%

Probability that Addus Homecare stock will be more than 20% underwater in next one year

46.9%

Probability that Addus Homecare stock will be more than 30% underwater in next one year.

24.2%

Probability that Addus Homecare stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ADUS drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Addus Homecare was unfortunately bought at previous high price.

Drawdowns

Returns for ADUS

Cumulative Returns on ADUS

17.9%

10-Year Cumulative Returns

24.0%

7-Year Cumulative Returns

9.6%

5-Year Cumulative Returns

-2.7%

3-Year Cumulative Returns

What are the long-term rolling returns for ADUS?

FIve years rolling returns for Addus Homecare.

Annualized Returns

Which funds bought or sold ADUS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-23	Brookfield Corp /ON/	new	-	1,217,170	1,217,170	-%
2023-05-23	ROYCE & ASSOCIATES LP	added	29.92	477,311	1,688,300	0.02%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-6.72	42,464	44,257,500	0.01%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-27.4	-432,000	1,525,000	-%
2023-05-18	JPMORGAN CHASE & CO	added	59.69	2,137,000	5,131,000	-%
2023-05-17	Thrivent Financial for Lutherans	reduced	-3.39	60,000	1,704,000	-%
2023-05-17	Advisory Services Network, LLC	unchanged	-	255	3,737	-%
2023-05-16	Rockefeller Capital Management L.P.	sold off	-100	-	-	-%
2023-05-16	JANE STREET GROUP, LLC	reduced	-11.38	-38,481	746,893	-%
2023-05-16	SUSQUEHANNA INTERNATIONAL GROUP, LLP	reduced	-7.54	-7,302	930,093	-%

Latest Funds Activity

Are funds buying ADUS calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own ADUS

No. of Funds

ADUS Alerts

Big jump in Earnings (Y/Y)

Addus Homecare News

Schedule 13G FIlings of Addus Homecare

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2023	capital world investors	4.3%	689,350	SC 13G/A
Feb 09, 2023	vanguard group inc	6.88%	1,107,995	SC 13G/A
Feb 08, 2023	morgan stanley	5.3%	847,893	SC 13G
Jan 26, 2023	blackrock inc.	16.0%	2,584,679	SC 13G/A
Jan 20, 2023	blackrock inc.	16.0%	2,584,679	SC 13G
Feb 11, 2022	capital world investors	5.9%	938,900	SC 13G
Feb 09, 2022	vanguard group inc	6.67%	1,063,121	SC 13G/A
Jan 27, 2022	blackrock inc.	16.5%	2,627,059	SC 13G/A
Jan 26, 2022	blackrock inc.	16.5%	2,627,059	SC 13G/A
Feb 12, 2021	dimensional fund advisors lp	3.9%	614,509	SC 13G/A

ADUS Fair Value

Addus Homecare fair value in different scenarios

The table shows the Fair Value estimates for Addus Homecare for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	55.62 -37.37%	70.36 -20.77%	95.28 7.29%	120.01 35.13%	138.60 56.06%
Current Inflation	51.66 -41.83%	64.28 -27.62%	85.20 -4.06%	105.94 19.29%	121.46 36.76%
Very High Inflation	46.77 -47.34%	56.93 -35.90%	73.31 -17.45%	89.57 0.86%	101.67 14.48%

Historical Addus Homecare Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Addus Homecare

View All Filings

Date Filed	Form Type	Document
May 02, 2023	10-Q	Quarterly Report
May 02, 2023	4	Insider Trading
May 01, 2023	8-K	Current Report
Apr 26, 2023	ARS	ARS
Apr 26, 2023	DEF 14A	DEF 14A
Apr 03, 2023	4	Insider Trading
Mar 15, 2023	4	Insider Trading
Mar 10, 2023	4/A	Insider Trading
Mar 06, 2023	4	Insider Trading
Mar 06, 2023	4	Insider Trading

Latest Insider Trading transactions for ADUS

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-01	GAFFNEY SEAN	sold	-41,382	83.6	-495	evp / chief legal officer
2023-03-31	Stevenson Roberton James	sold	-11,378	103	-110	evp & chief hr officer
2023-03-14	WATTENBARGER MICHAEL D.	sold	-77,340	98.7743	-783	evp/chief information officer
2023-03-03	RAINES MONICA	sold	-12,170	106	-114	evp/cco and quality officer
2023-03-03	TUCKER DAVID W.	sold	-27,437	106	-257	evp / chief strategy officer
2023-03-03	BICKHAM W BRADLEY	sold	-107,721	106	-1,009	president and coo
2023-03-03	WATTENBARGER MICHAEL D.	sold	-26,049	106	-244	evp/chief information officer
2023-03-03	ALLISON R DIRK	sold	-293,590	106	-2,750	ceo and chairman
2023-03-03	GAFFNEY SEAN	sold	-58,824	106	-551	evp / chief legal officer
2023-03-03	Anderson Darby	sold	-50,177	106	-470	evp/chief legislative officer

About Addus Homecare

R. Dirk Allison

www.addus.com

31900

Addus HomeCare Corporation, together with its subsidiaries, provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. It operates through three segments: Personal Care, Hospice, and Home Health. The Personal Care segment provides non-medical assistance with activities of daily living. This segment offers services that include assistance with bathing, grooming, oral care, feeding and dressing, medication reminders, meal planning and preparation, housekeeping, and transportation services. The Hospice segment provides palliative nursing care, social work, spiritual counseling, homemaker, and bereavement counseling services for people who are terminally ill, as well as related services for their families. The Home Health segment offers skilled nursing and physical, occupational, and speech therapy for the individuals who requires assistance during an illness or after hospitalization. The company's payor clients include federal, state, and local governmental agencies; managed care organizations; commercial insurers; and private individuals. As of December 31, 2021, the company served consumers through 206 offices located in 22 states. Addus HomeCare Corporation was founded in 1979 and is based in Frisco, Texas.

ADUS Income Statement

2023-03-31

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Net service revenues	$ 251,599	$ 226,634
Cost of service revenues	173,184	156,448
Gross profit	78,415	70,186
General and administrative expenses	56,360	53,152
Depreciation and amortization	3,447	3,521
Total operating expenses	59,807	56,673
Operating income	18,608	13,513
Interest income	(106)	(58)
Interest expense	2,461	1,820
Total interest expense, net	2,355	1,762
Income before income taxes	16,253	11,751
Income tax expense	3,578	3,281
Net income	$ 12,675	$ 8,470
Net income per common share
Basic income per share	$ 0.79	$ 0.54
Diluted income per share	$ 0.78	$ 0.53
Weighted average number of common shares and potential common shares outstanding:
Basic	15,949	15,811
Diluted	16,297	16,079

ADUS Balance Sheet

2023-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets
Cash	$ 73,543	$ 79,961
Accounts receivable, net of allowances	125,441	125,501
Prepaid expenses and other current assets	10,226	17,345
Total current assets	209,210	222,807
Property and equipment, net of accumulated depreciation and amortization	20,248	21,182
Other assets
Goodwill	583,972	582,837
Intangibles, net of accumulated amortization	70,604	72,188
Operating lease assets, net	47,049	38,980
Total other assets	701,625	694,005
Total assets	931,083	937,994
Current liabilities
Accounts payable	21,758	22,092
Accrued payroll	34,105	44,937
Accrued expenses	34,018	27,507
Operating lease liabilities, current portion	11,099	10,801
Government stimulus advances	10,996	12,912
Accrued workers' compensation insurance	12,683	12,897
Total current liabilities	124,659	131,146
Long-term liabilities
Long-term debt, less current portion, net of debt issuance costs	108,487	131,772
Long-term operating lease liabilities	42,994	35,479
Other long-term liabilities	6,057	6,057
Total long-term liabilities	157,538	173,308
Total liabilities	282,197	304,454
Stockholders' equity
Common stock -$.001 par value; 40,000 authorized and 16,204 and 16,128 shares issued and outstanding as of March 31, 2023 and December 31, 2022, respectively	16	16
Additional paid-in capital	395,879	393,208
Retained earnings	252,991	240,316
Total stockholders' equity	648,886	633,540
Total liabilities and stockholders' equity	$ 931,083	$ 937,994