AMN Healthcare Services Inc Stock Research

Market Summary

USD83.47+0.51

Delayedas of 23 Mar 2023, 11:58 am

0.61%

AMN Alerts

Big fall in Revenue (Y/Y)

AMN Stock Price

AMN RSI Chart

AMN Valuation

Market Cap

3.6B

Price/Earnings (Trailing)

8.03

Price/Sales (Trailing)

0.68

EV/EBITDA

6.91

Price/Free Cashflow

6.17

AMN Price/Sales (Trailing)

AMN Profitability

EBT Margin

12.09%

Return on Equity

42.55%

Return on Assets

15.37%

Free Cashflow Yield

16.21%

AMN Fundamentals

AMN Revenue

Revenue (TTM)

5.2B

Revenue Y/Y

-17.43%

Revenue Q/Q

-1.15%

AMN Earnings

Earnings (TTM)

444.1M

Earnings Y/Y

-29.62%

Earnings Q/Q

-11.52%

Price Action

52 Week Range

82.76129.04

(Low)(High)

Last 7 days

-3.6%

Last 30 days

-10.9%

Last 90 days

-19.2%

Trailing 12 Months

-15.9%

AMN Financial Health

Current Ratio

1.27

Debt/Equity

0.81

Debt/Cashflow

0.62

AMN Investor Care

Buy Backs (1Y)

11.39%

Diluted EPS (TTM)

9.9

Peers (Alternatives to AMN Healthcare Services)

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	70.6B	60.2B	-4.86%	-6.89%	12.5	1.17	2.52%	-18.88%
LH	19.6B	14.9B	-11.65%	-18.57%	15.35	1.32	-7.72%	-46.20%
DGX	15.5B	9.9B	-9.17%	-4.78%	16.43	1.57	-8.39%	-52.58%
MID-CAP
DVA	7.1B	11.6B	-9.20%	-31.27%	12.59	0.61	-0.08%	-42.73%
ACHC	6.3B	2.6B	-15.59%	6.40%	23.12	2.42	12.79%	43.28%
LHCG	5.2B	2.3B	3.17%	35.63%	86.23	2.28	2.85%	-58.05%
AMN	3.6B	5.2B	-10.88%	-15.90%	8.03	0.68	31.60%	35.63%
PGNY	3.2B	700.1M	4.89%	-19.30%	104.74	4.54	47.91%	-53.84%
GH	2.9B	449.5M	-3.81%	-45.08%	-4.43	6.45	20.31%	-70.12%
AMED	2.5B	2.2B	-17.56%	-48.92%	20.74	1.11	0.41%	-43.27%
SMALL-CAP
TVTY	1.6B	-	0.59%	17.88%	18.77	3.24	-	-
ADUS	1.6B	951.1M	-7.28%	30.41%	34.53	1.67	10.02%	1.99%
RDNT	1.3B	1.4B	12.22%	10.36%	120.12	0.89	8.74%	-56.93%
HNGR	732.6M	1.2B	0.48%	-14.75%	19.64	0.62	11.71%	25.50%
VMD	371.1M	138.8M	11.23%	101.09%	59.65	2.67	18.60%	-31.82%

Financials for AMN Healthcare Services

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-4.3%	5,243	5,481	5,220	4,651	3,984
Gross Profit	-3.3%	1,717	1,776	1,697	1,517	1,310
Operating Expenses	-0.9%	1,070	1,079	1,031	935	832
S&GA Expenses	-2.0%	937	956	915	827	730
EBITDA	13.3%	782	690	579	-	-
EBITDA Margin	1.0%	0.15*	0.15*	0.15*	-	-
Earnings Before Taxes	-	444	-	-	-	-
EBT Margin	2.8%	0.12*	0.12*	0.11*	-	-
Interest Expenses	5.1%	40.00	38.00	35.00	35.00	34.00
Net Income	-7.1%	444	478	459	402	327
Net Income Margin	-2.9%	0.08*	0.09*	0.09*	0.09*	-
Free Cahsflow	5.0%	578	550	458	411	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-4.3%	2,888	3,018	3,009	3,249	3,132
Current Assets	-9.3%	1,094	1,206	1,190	1,479	1,349
Cash Equivalents	-58.6%	65.00	156	79.00	113	181
Net PPE	5.9%	149	141	136	130	127
Goodwill	0.0%	935	936	27.00	892	892
Liabilities	-2.2%	1,845	1,886	1,969	2,168	1,970
Current Liabilities	-3.7%	858	891	957	1,148	969
Long Term Debt	-	842	-	-	-	-
LT Debt, Current	-	-	-	-	-	-
Shareholder's Equity	-7.9%	1,044	1,133	1,039	1,081	1,162
Retained Earnings	7.1%	1,241	1,159	1,067	943	797
Additional Paid-In Capital	0.8%	502	498	497	489	487
Accumulated Depreciation	7.0%	228	213	204	200	190
Shares Outstanding	-3.3%	42.00	43.00	43.00	45.00	47.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	6.1%	654	616	519	466	305
Share Based Compensation	-6.0%	30.00	32.00	30.00	27.00	25.00
Cashflow From Investing	3.3%	-170	-176	-169	-133	-107
Cashflow From Financing	-41.2%	-591	-419	-415	-297	-34.90
Buy Backs	42.6%	577	405	405	231	3.00

Risks for AMN

What is the probability of a big loss on AMN?

86.2%

Probability that AMN Healthcare Services stock will be more than 20% underwater in next one year

36.9%

Probability that AMN Healthcare Services stock will be more than 30% underwater in next one year.

17.7%

Probability that AMN Healthcare Services 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 AMN drawdown profile look like?

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

Drawdowns

Returns for AMN

Cumulative Returns on AMN

18.9%

10-Year Cumulative Returns

15.1%

7-Year Cumulative Returns

7.4%

5-Year Cumulative Returns

4.6%

3-Year Cumulative Returns

What are the long-term rolling returns for AMN?

FIve years rolling returns for AMN Healthcare Services.

Annualized Returns

Which funds bought or sold AMN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-64.63	-6,878,310	3,594,690	-%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-27.1	-34,000	82,000	-%
2023-02-28	Voya Investment Management LLC	reduced	-0.31	-116,167	3,435,830	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	reduced	-6.15	-135,000	1,364,000	0.01%
2023-02-21	MACQUARIE GROUP LTD	reduced	-7.43	-2,560,000	22,046,000	0.03%
2023-02-21	NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	added	36.4	115,404	470,404	-%
2023-02-21	Empowered Funds, LLC	new	-	688,174	688,174	0.04%
2023-02-17	EQUITABLE TRUST CO	sold off	-100	-680,000	-	-%
2023-02-17	TRUIST FINANCIAL CORP	added	145	351,946	606,946	-%
2023-02-17	Linden Thomas Advisory Services, LLC	new	-	358,738	358,738	0.10%

Latest Funds Activity

Are funds buying AMN calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own AMN

No. of Funds

AMN Alerts

Big fall in Revenue (Y/Y)

AMN Healthcare Services News

Schedule 13G FIlings of AMN Healthcare Services

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	12.59%	5,456,661	SC 13G/A
Jan 26, 2023	blackrock inc.	16.5%	7,152,134	SC 13G/A
Jan 20, 2023	blackrock inc.	16.5%	7,152,134	SC 13G
Feb 09, 2022	vanguard group inc	11.85%	5,602,447	SC 13G/A
Jan 28, 2022	blackrock inc.	15.5%	7,331,318	SC 13G/A
Feb 10, 2021	vanguard group inc	10.56%	4,965,173	SC 13G/A
Jan 25, 2021	blackrock inc.	15.7%	7,404,306	SC 13G
Feb 12, 2020	vanguard group inc	10.50%	4,908,866	SC 13G/A
Feb 04, 2020	blackrock inc.	17.0%	7,932,387	SC 13G/A

AMN Fair Value

AMN Healthcare Services fair value in different scenarios

The table shows the Fair Value estimates for AMN Healthcare Services 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	167.23 100.35%	208.62 149.93%	353.52 323.53%	498.08 496.72%	906.59 986.13%
Current Inflation	153.88 84.35%	189.33 126.82%	313.54 275.63%	435.88 422.20%	783.55 838.72%
Very High Inflation	137.34 64.54%	165.89 98.74%	266.23 218.95%	363.33 335.28%	641.44 668.47%

Historical AMN Healthcare Services Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of AMN Healthcare Services

View All Filings

Date Filed	Form Type	Document
Mar 10, 2023	4	Insider Trading
Feb 27, 2023	4/A	Insider Trading
Feb 22, 2023	10-K	Annual Report
Feb 17, 2023	4	Insider Trading
Feb 17, 2023	4	Insider Trading
Feb 16, 2023	8-K	Current Report
Feb 09, 2023	SC 13G/A	Major Ownership Report
Jan 26, 2023	SC 13G/A	Major Ownership Report
Jan 20, 2023	SC 13G	Major Ownership Report
Jan 18, 2023	4	Insider Trading

Latest Insider Trading transactions for AMN

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-09	Hagan Mark Christopher	acquired	-	-	2,603	chief information and digital
2023-03-09	Hagan Mark Christopher	sold (taxes)	-114,215	88.47	-1,291	chief information and digital
2023-02-15	Jackson Denise L	sold (taxes)	-256,106	97.49	-2,627	chief legal officer
2023-02-15	Jackson Denise L	acquired	-	-	6,315	chief legal officer
2023-02-15	Hagan Mark Christopher	sold (taxes)	-287,888	97.49	-2,953	chief information and digital
2023-02-15	Hagan Mark Christopher	acquired	-	-	6,031	chief information and digital
2023-01-15	Jackson Denise L	sold (taxes)	-35,727	103	-344	chief legal officer
2023-01-15	Hagan Mark Christopher	sold (taxes)	-47,879	103	-461	chief information and digital
2023-01-15	Knudson Jeffrey R	sold (taxes)	-47,464	103	-457	cfo

About AMN Healthcare Services

Susan R. Salka

www.amnhealthcare.com

3800

AMN Healthcare Services, Inc. provides healthcare workforce solutions and staffing services to hospitals and healthcare facilities in the United States. It operates through three segments: Nurse and Allied Solutions, Physician and Leadership Solutions, and Technology and Workforce Solutions. The Nurse and Allied Solutions segment offers travel nurse staffing, rapid response nurse staffing and labor disruption, allied staffing, local staffing, and revenue cycle solutions. The Physician and Leadership Solutions segment provides locum tenens staffing, healthcare interim leadership staffing, executive search, and physician permanent placement solutions. The Technology and Workforce Solutions segment offers language services, vendor management systems, workforce optimization, telehealth, credentialing, and outsourced solutions. The company also provides allied health professionals, such as physical therapists, respiratory therapists, occupational therapists, medical and radiology technologists, lab technicians, speech pathologists, rehabilitation assistants, and pharmacists. It offers its services under the brands, including American Mobile, Nursefinders, NurseChoice, HealthSource Global Staffing, Onward Healthcare, O'Grady Peyton International, Med Travelers, Club Staffing, Staff Care, B.E. Smith, and Merritt Hawkins, as well as AMN Revenue Cycle Solutions and AMN Language Services. The company was founded in 1985 and is based in Dallas, Texas.

AMN Income Statement

2022-12-31

Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Revenue	$ 5,243,242	$ 3,984,235	$ 2,393,714
Cost of revenue	3,526,558	2,674,634	1,601,936
Gross profit	1,716,684	1,309,601	791,778
Operating expenses:
Selling, general and administrative	936,576	730,451	549,747
Depreciation and amortization (exclusive of depreciation included in cost of revenue)	133,007	101,152	92,766
Total operating expenses	1,069,583	831,603	642,513
Income from operations	647,101	477,998	149,265
Interest expense, net, and other	40,398	34,077	57,742
Income before income taxes	606,703	443,921	91,523
Income tax expense	162,653	116,533	20,858
Net income	444,050	327,388	70,665
Other comprehensive loss:
Unrealized losses on available-for-sale securities, net, and other	(644)	(335)	(112)
Other comprehensive loss	(644)	(335)	(112)
Comprehensive income	$ 443,406	$ 327,053	$ 70,553
Net income per common share:
Basic (in dollars per share)	$ 9.96	$ 6.87	$ 1.49
Diluted (in dollars per share)	$ 9.90	$ 6.81	$ 1.48
Weighted average common shares outstanding:
Basic (in shares)	44,591	47,685	47,424
Diluted (in shares)	44,870	48,045	47,690

AMN Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 64,524	$ 180,928
Accounts receivable, net of allowances of $31,910 and $6,838 at December 31, 2022 and 2021, respectively	675,650	789,131
Accounts receivable, subcontractor	268,726	239,719
Prepaid expenses	18,708	72,460
Other current assets	66,037	66,830
Total current assets	1,093,645	1,349,068
Restricted cash, cash equivalents and investments	61,218	64,482
Fixed assets, net of accumulated depreciation of $227,617 and $189,954 at December 31, 2022 and 2021, respectively	149,276	127,114
Operating lease right-of-use assets	16,266	27,771
Other assets	155,750	156,670
Goodwill	935,364	892,341
Intangible assets, net of accumulated amortization of $361,327 and $278,249 at December 31, 2022 and 2021, respectively	476,832	514,460
Total assets	2,888,351	3,131,906
Current liabilities:
Accounts payable and accrued expenses	476,452	425,257
Accrued compensation and benefits	333,244	354,381
Current portion of operating lease liabilities	8,090	11,383
Deferred revenue	11,825	15,950
Other current liabilities	28,322	162,419
Total current liabilities	857,933	969,390
Notes payable, net of unamortized fees and premium	843,505	842,322
Deferred income taxes, net	22,713	47,814
Operating lease liabilities	9,360	13,364
Other long-term liabilities	111,206	96,989
Total liabilities	1,844,717	1,969,879
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.01 par value; 10,000 shares authorized; none issued and outstanding at December 31, 2022 and 2021	0	0
Common stock, $0.01 par value; 200,000 shares authorized; 50,109 issued and 41,879 outstanding at December 31, 2022 and 49,849 issued and 47,263 outstanding at December 31, 2021	501	498
Additional paid-in capital	501,674	486,709
Treasury stock, at cost; 8,230 and 2,586 shares at December 31, 2022 and 2021, respectively	(698,598)	(121,831)
Retained earnings	1,240,996	796,946
Accumulated other comprehensive loss	(939)	(295)
Total stockholders’ equity	1,043,634	1,162,027
Total liabilities and stockholders’ equity	$ 2,888,351	$ 3,131,906