ATIP - ATI Physical Therapy, Inc. Stock Price, Fair Value and News

4.06USD+0.01 (+0.25%)Market Closed

Market Summary

USD4.06+0.01

Market Closed

0.25%

ATIP Stock Price

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ATIP RSI Chart

ATIP Valuation

Market Cap

17.1M

Price/Earnings (Trailing)

-0.24

Price/Sales (Trailing)

0.02

EV/EBITDA

0.75

Price/Free Cashflow

-0.57

ATIP Price/Sales (Trailing)

ATIP Profitability

EBT Margin

0.25%

Return on Equity

72.81%

Return on Assets

-6.96%

Free Cashflow Yield

-174.11%

ATIP Fundamentals

ATIP Revenue

Revenue (TTM)

699.0M

Rev. Growth (Yr)

12.69%

Rev. Growth (Qtr)

2.73%

ATIP Earnings

Earnings (TTM)

-69.8M

Earnings Growth (Yr)

94.53%

Earnings Growth (Qtr)

63%

Breaking Down ATIP Revenue

Last 7 days

-5.6%

Last 30 days

-33.4%

Last 90 days

-37.2%

Trailing 12 Months

-69.2%

How does ATIP drawdown profile look like?

ATIP Financial Health

Current Ratio

1.08

Debt/Equity

-0.83

Debt/Cashflow

-0.16

ATIP Investor Care

Shares Dilution (1Y)

1.55%

Diluted EPS (TTM)

-31.85

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	648.8M	657.8M	678.5M	699.0M
2022	632.6M	631.9M	629.7M	635.7M
2021	570.5M	626.8M	637.1M	627.9M
2020	0	721.1M	656.7M	592.3M
2019	0	0	0	785.5M

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Tracking the Latest Insider Buys and Sells of ATI Physical Therapy, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 22, 2024	kantz erik	sold (taxes)	-8,736	6.08	-1,437	chief legal officer
Mar 22, 2024	cox christopher l	sold (taxes)	-34,990	6.08	-5,755	chief operating officer
Mar 22, 2024	cox christopher l	sold (taxes)	-35,112	6.08	-5,775	chief operating officer
Mar 22, 2024	gregerson scott	sold (taxes)	-20,617	6.08	-3,391	chief growth officer
Mar 22, 2024	oakes augustus	sold (taxes)	-8,736	6.08	-1,437	chief information officer
Mar 22, 2024	jordan joseph francis	sold (taxes)	-42,292	6.08	-6,956	chief financial officer
Mar 22, 2024	rhodes brent michael	sold (taxes)	-5,928	6.08	-975	chief accounting officer
Mar 22, 2024	vitti sharon	sold (taxes)	-92,531	6.08	-15,219	chief executive officer
Mar 22, 2024	tansey eimile	sold (taxes)	-17,467	6.08	-2,873	chief people officer
Mar 16, 2024	kantz erik	sold (taxes)	-76.92	6.41	-12.00	chief legal officer

Which funds bought or sold ATIP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	AMALGAMATED BANK	sold off	-100	-	-	-%
Apr 19, 2024	LAKE STREET PRIVATE WEALTH, LLC	unchanged	-	-10.00	6.00	-%
Apr 19, 2024	Cutler Group LLC / CA	sold off	-100	-	-	-%
Mar 11, 2024	VANGUARD GROUP INC	unchanged	-	-181,053	408,696	-%
Feb 28, 2024	AMERICAN INTERNATIONAL GROUP, INC.	unchanged	-	-6.00	12.00	-%
Feb 14, 2024	Fortress Investment Group LLC	unchanged	-	-871,760	1,967,870	0.23%
Feb 14, 2024	Advent International, L.P.	unchanged	-	-6,301,190	14,224,000	0.19%
Feb 14, 2024	Knighthead Capital Management, LLC	unchanged	-	-703,392	1,587,800	0.04%
Feb 14, 2024	BANK OF AMERICA CORP /DE/	unchanged	-	-8,502	19,194	-%
Feb 14, 2024	GROUP ONE TRADING, L.P.	unchanged	-	-3,217	7,264	-%

Are Funds Buying or Selling ATIP?

Are funds buying ATIP calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own ATIP

No. of Funds

Unveiling ATI Physical Therapy, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 08, 2024	knighthead capital management, llc	59.1%	5,700,453	SC 13D/A
Feb 08, 2024	marathon asset management gp, l.l.c.	49.9%	4,195,671	SC 13D/A
Jun 27, 2023	caspian capital lp	9.4%	430,067	SC 13D
Jun 26, 2023	onex corp	15.4%	758,040	SC 13D
Jun 26, 2023	marathon asset management gp, l.l.c.	45.0%	3,407,940	SC 13D
Jun 20, 2023	knighthead capital management, llc	53.8%	4,554,986	SC 13D/A
Apr 21, 2023	advent international corp/ma	55.9%	115,830,656	SC 13D/A
Apr 21, 2023	knighthead capital management, llc	8.56%	18,196,845	SC 13D/A
Mar 17, 2023	advent international corp/ma	55.9%	115,830,656	SC 13D/A
Oct 20, 2022	knighthead capital management, llc	8.36%	17,753,345	SC 13D/A

Recent SEC filings of ATI Physical Therapy, Inc.

View All Filings

Date Filed	Form Type	Document
Mar 27, 2024	4/A	Insider Trading
Mar 26, 2024	4	Insider Trading
Mar 26, 2024	4	Insider Trading
Mar 26, 2024	4	Insider Trading
Mar 26, 2024	4	Insider Trading
Mar 26, 2024	4	Insider Trading
Mar 26, 2024	4	Insider Trading
Mar 26, 2024	4	Insider Trading
Mar 26, 2024	4	Insider Trading
Mar 18, 2024	4	Insider Trading

Peers (Alternatives to ATI Physical Therapy, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
UNH	448.5B	371.6B	-0.74%	-0.51%	20.04	1.21	14.64%	11.24%
CI	103.1B	195.3B	0.26%	37.72%	19.19	0.53	8.17%	-20.79%
CVS	86.2B	357.8B	-12.72%	-6.73%	10.32	0.24	10.95%	93.52%
HCA	84.5B	65.0B	-3.19%	11.59%	16.12	1.3	7.86%	-7.11%
CNC	40.6B	154.0B	-1.43%	12.08%	15.01	0.26	6.54%	124.79%
DVA	11.7B	12.1B	-0.12%	51.97%	16.99	0.97	4.57%	23.40%
UHS	11.4B	14.3B	-8.62%	17.22%	15.93	0.8	6.59%	6.24%
MID-CAP
CHE	9.3B	2.3B	-4.84%	8.83%	34.2	4.12	6.06%	9.17%
ACHC	6.5B	2.9B	-7.52%	-4.24%	-301.31	2.23	12.20%	-107.93%
AMN	2.2B	3.8B	-10.62%	-35.16%	10.28	0.57	-27.73%	-52.50%
AMEH	2.1B	1.4B	-5.65%	-0.29%	34.21	1.5	21.19%	34.42%
SMALL-CAP
ADUS	1.5B	1.1B	-8.44%	-16.43%	24.6	1.45	11.31%	35.83%
BKD	1.3B	3.0B	7.61%	59.68%	-6.94	0.44	6.74%	20.73%
BEAT	53.7M	-	-3.27%	-3.72%	-3.67	-	-	-12.94%
AMS	19.0M	21.3M	13.26%	5.28%	35.63	0.89	8.00%	-62.25%

ATI Physical Therapy, Inc. News

Latest updates

ATI Physical Therapy, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2019Q4
Revenue	2.7%	182,292,000	177,455,000	172,337,000	166,932,000	161,764,000	156,792,000	163,293,000	153,822,000	155,763,000	159,013,000	164,033,000	149,062,000	165,016,453	148,655,000	107,754,000	-
Operating Expenses	0.1%	153,250,000	153,134,000	148,124,000	147,706,000	142,244,000	144,523,000	143,517,000	144,135,000	137,978,000	136,117,000	128,581,000	131,121,000	125,273,000	120,160,000	96,615,000	-
S&GA Expenses	5.5%	26,475,000	25,085,000	36,573,000	30,595,000	27,629,000	25,263,000	31,808,000	30,024,000	29,897,000	30,795,000	26,391,000	24,726,000	30,032,000	26,026,000	24,791,000	-
EBITDA Margin	-2.2%	0.13	0.13	0.14	0.14	0.13	0.12	0.11	0.11	0.13	0.14	0.16	0.24	0.17	0.13	-	-
Interest Expenses	-2.8%	13,895,000	14,300,000	15,135,000	9,563,000	12,164,000	11,631,000	13,890,000	3,932,000	6,603,000	6,618,000	13,726,000	14,990,000	15,346,000	12,738,000	48,195,000	-
Income Taxes	2192.5%	2,292,500	100,000	89,000	62,000	-5,005,000	-7,218,000	-13,000,000	-23,300,000	-5,381,000	-35,333,000	-19,700,000	-10,515,000	-2,023,000	2,300,000	3,568,000	-
Earnings Before Taxes	-	-	-	-	-	-	-	-	-	-	-	-	-28,333,000	-	-	-	-
EBT Margin	-2.9%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.05	-	-
Net Income	63.0%	-5,623,000	-15,197,000	-22,705,000	-26,270,000	-102,765,000	-116,318,000	-135,546,000	-137,750,000	821,000	-324,665,000	-435,357,000	-19,127,000	1,203,000	121,000	2,741,000	-
Net Income Margin	59.4%	-0.10	-0.25	-0.41	-0.59	-0.77	-0.62	-0.95	-1.42	-1.24	-1.23	-0.73	-0.03	-0.01	-	-	-
Free Cashflow	115.7%	2,679,000	-17,077,000	4,325,000	-19,634,000	-12,484,000	-30,593,000	-15,075,000	-35,503,000	-16,029,000	-21,069,000	-6,847,000	-38,448,000	-6,516,717	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2019Q4
Assets	2.5%	1,003	979	1,010	1,046	1,079	1,157	1,310	1,457	1,563	1,568	2,100	346	2,610	347	1,316	2,286
Current Assets	36.5%	169	124	139	167	194	157	191	198	144	163	186	1.00	239	2.00	0.00	152
Cash Equivalents	86.5%	37.00	20.00	38.00	63.00	83.00	49.00	80.00	95.00	49.00	66.00	91.00	98.00	142	154	142	38.00
Net PPE	-8.4%	100	110	115	120	124	130	135	137	140	135	134	134	137	-	-	155
Goodwill	0%	290	290	290	286	286	338	404	492	609	603	911	1,300	1,330	-	-	1,330
Liabilities	3.2%	879	851	870	885	890	865	902	919	1,051	1,066	1,265	1,487	1,709	1,545	-	1,381
Current Liabilities	31.0%	156	119	126	111	117	116	132	122	137	125	129	6.00	143	2.00	0.00	78.00
Long Term Debt	-16.7%	79.00	95.00	97.00	534	-	480	479	478	544	545	547	990	991	-	-	989
LT Debt, Current	-	-	-	-	-	-	-	-	-	8.00	8.00	8.00	8.00	8.00	-	-	8.00
LT Debt, Non Current	-	-	-	-	534	532	480	479	478	544	545	547	990	991	-	-	989
Shareholder's Equity	-Infinity%	-95.85	-	-	20.00	44.00	152	267	398	512	509	836	881	901	901	901	905
Retained Earnings	-0.4%	-1,409	-1,403	-1,388	-1,365	-1,339	-1,236	-1,120	-984	-847	-855	-523	-5.81	-68.80	-8.81	-0.02	-63.03
Additional Paid-In Capital	-0.1%	1,308	1,309	1,310	1,380	1,379	1,377	1,375	1,373	1,352	1,351	1,349	11.00	955	14.00	0.00	953
Shares Outstanding	0%	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	3.00	3.00	-	-	-
Minority Interest	15.9%	5.00	4.00	5.00	5.00	4.00	5.00	6.00	6.00	7.00	7.00	10.00	15.00	17.00	-	-	16.00
Float	-	-	-	17.00	-	-	-	147	-	-	-	734	-	367	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																		(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2018Q4
Cashflow From Operations	143.4%	5,409	-12,475	8,924	-14,224	-6,428	-26,343	-6,006	-26,731	-3,437	-11,554	2,963	-30,072	-317	-450	118,740	1,872	-	-
Share Based Compensation	-3.7%	2,216	2,300	2,800	1,500	1,529	1,900	2,000	1,960	890	1,248	3,112	504	503	473	466	494	-	-
Cashflow From Investing	39.5%	-2,730	-4,511	-5,046	-5,079	-6,186	-4,244	-8,960	-8,658	-11,186	-9,760	-10,181	-8,762	-3,058	-345,000	-4,274	-6,958	-	-
Cashflow From Financing	1565.7%	14,393	-982	-29,255	-761	47,184	-524	-151	81,570	-2,853	-3,163	110	-5,617	-2,668	346,916	-21,041	15,405	-	-

ATIP Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Net revenue	$ 699,016	$ 635,671
Cost of services:
Salaries and related costs	382,370	357,982
Rent, clinic supplies, contract labor and other	208,593	202,568
Provision for doubtful accounts	11,251	13,869
Total cost of services	602,214	574,419
Selling, general and administrative expenses	118,728	114,724
Goodwill, intangible and other asset impairment charges	5,591	486,262
Operating loss	(27,517)	(539,734)
Change in fair value of 2L Notes	(24,471)	0
Change in fair value of warrant liability	(95)	(4,243)
Change in fair value of contingent common shares liability	(2,257)	(42,525)
Interest expense, net	61,039	45,278
Other expense, net	1,777	3,333
Loss before taxes	(63,510)	(541,577)
Income tax expense (benefit)	2,568	(48,530)
Net loss	(66,078)	(493,047)
Net income (loss) attributable to non-controlling interests	3,717	(668)
Net loss attributable to ATI Physical Therapy, Inc.	(69,795)	(492,379)
Less: Series A Senior Preferred Stock redemption value adjustments	38,958	0
Less: Series A Senior Preferred Stock cumulative dividend	23,219	17,876
Net loss available to common stockholders, diluted	(131,972)	(510,255)
Net loss available to common stockholders, basic	$ (131,972)	$ (510,255)
Loss per share of Class A common stock:
Basic (in dollars per share)	$ (31.93)	$ (125.59)
Diluted (in dollars per share)	$ (31.93)	$ (125.59)
Weighted average shares outstanding:
Basic (in shares)	4,133	4,063
Diluted (in shares)	4,133	4,063
Net patient revenue
Net revenue	$ 636,095	$ 575,940
Other revenue
Net revenue	$ 62,921	$ 59,731

ATIP Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Current assets:

Cash and cash equivalents

$ 36,802

$ 83,139

Accounts receivable (net of allowance for doubtful accounts of $48,055 and $47,620 at December 31, 2023 and December 31, 2022, respectively)

88,512

80,673

Prepaid expenses

12,920

13,526

Insurance recovery receivable

23,981

933

Other current assets

4,367

9,107

Assets held for sale

2,056

6,755

Total current assets

168,638

194,133

Property and equipment, net

100,422

123,690

Operating lease right-of-use assets

194,423

226,092

Goodwill, net

289,650

286,458

Trade name and other intangible assets, net

245,858

246,582

Other non-current assets

4,290

2,030

Total assets

1,003,281

1,078,985

Current liabilities:

Accounts payable

14,704

12,559

Accrued expenses and other liabilities

88,435

53,672

Current portion of operating lease liabilities

51,530

47,676

Liabilities held for sale

1,778

2,614

Total current liabilities

156,447

116,521

Long-term debt, net

^[1]

433,578

531,600

2L Notes due to related parties, at fair value

79,472

Warrant liability

Contingent common shares liability

578

2,835

Deferred income tax liabilities

21,367

18,886

Operating lease liabilities

185,602

218,424

Other non-current liabilities

1,696

1,834

Total liabilities

878,743

890,198

Commitments and contingencies (Note 17)

Mezzanine equity:

Series A Senior Preferred Stock, $0.0001 par value; 1.0 million shares authorized; 0.2 million shares issued and outstanding; $1,249.06 stated value per share at December 31, 2023; $1,108.34 stated value per share at December 31, 2022

220,393

140,340

Stockholders' equity:

Class A common stock, $0.0001 par value; 470.0 million shares authorized; 4.2 million shares issued, 4.0 million shares outstanding at December 31, 2023; 4.1 million shares issued, 4.0 million shares outstanding at December 31, 2022

Treasury stock, at cost, 0.007 million shares and 0.002 million shares at December 31, 2023 and December 31, 2022, respectively

(219)

(146)

Additional paid-in capital

1,308,119

1,378,716

Accumulated other comprehensive income

406

4,899

Accumulated deficit

(1,409,306)

(1,339,511)

Total ATI Physical Therapy, Inc. equity

(101,000)

43,958

Non-controlling interests

5,145

4,489

Total stockholders' equity

(95,855)

48,447

Total liabilities, mezzanine equity and stockholders' equity

$ 1,003,281

$ 1,078,985

[1]	Includes $17.0 million of principal amount of debt due to related parties as of December 31, 2023.

About ATI Physical Therapy, Inc.

ATI Physical Therapy, Inc. operates as an outpatient physical therapy provider that specializes in outpatient rehabilitation and adjacent healthcare services in the United States. It offers a range of services to its patients, including physical therapy to treat spine, shoulder, knee, and neck injuries or pain; work conditioning and work hardening; and hand therapy, aquatic therapy, functional capacity assessment, and wellness programs. It also provides ATI worksite solutions comprising injury prevention programs, work-related injury assessment services, wellness offerings, and consultations for employers; proprietary electronic medical records (EMR) integration, caseload management, and continuing education in progressive therapies; and sports medicine, including onsite sports physical therapy, clinical evaluation and diagnosis, immediate and emergency care, nutrition programs, and concussion management services. The company offers outpatient physical therapy services under the ATI Physical Therapy name. ATI Physical Therapy, Inc. was founded in 1996 and is based in Bolingbrook, Illinois.

CEO	Ms. Sharon Vitti
WEBSITE	atipt.com
INDUSTRY	Healthcare Plans
EMPLOYEES	5700

ATI Physical Therapy, Inc. Frequently Asked Questions

What is the ticker symbol for ATI Physical Therapy, Inc.? What does ATIP stand for in stocks?

ATIP is the stock ticker symbol of ATI Physical Therapy, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of ATI Physical Therapy, Inc. (ATIP)?

As of Tue Apr 23 2024, market cap of ATI Physical Therapy, Inc. is 17.05 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of ATIP stock?

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

What is the fair value of ATIP stock?

You can check ATIP's fair value in chart for subscribers. The fair value of ATI Physical Therapy, Inc. 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 ATI Physical Therapy, Inc. 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 ATIP 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 ATI Physical Therapy, Inc. a good stock to buy?

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

What is ATI Physical Therapy, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Apr 23 2024, ATIP's PE ratio (Price to Earnings) is -0.24 and Price to Sales (PS) ratio is 0.02. 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. ATIP PE ratio will change depending on the future growth rate expectations of investors.