Healthcare Services Group Inc Stock Research

Market Summary

USD13.92+0.46

Market Closed

3.42%

HCSG Stock Price

HCSG RSI Chart

HCSG Valuation

Market Cap

998.7M

Price/Earnings (Trailing)

27.75

Price/Sales (Trailing)

0.59

EV/EBITDA

15.22

Price/Free Cashflow

1.1K

HCSG Price/Sales (Trailing)

HCSG Profitability

EBT Margin

2.67%

Return on Equity

8.13%

Return on Assets

4.82%

Free Cashflow Yield

0.09%

HCSG Fundamentals

HCSG Revenue

Revenue (TTM)

1.7B

Revenue Y/Y

-2.24%

Revenue Q/Q

-1.6%

HCSG Earnings

Earnings (TTM)

36.0M

Earnings Y/Y

11.96%

Earnings Q/Q

-21.51%

Price Action

52 Week Range

11.5518.19

(Low)(High)

Last 7 days

-3.3%

Last 30 days

-10.6%

Last 90 days

4.0%

Trailing 12 Months

-20.2%

HCSG Financial Health

Current Ratio

2.85

HCSG Investor Care

Dividend Yield

6.39%

Dividend/Share (TTM)

0.86

Buy Backs (1Y)

0.18%

Diluted EPS (TTM)

0.48

Peers (Alternatives to Healthcare Services Group)

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
WM	67.1B	19.9B	-2.35%	3.12%	29.72	3.37	7.84%	18.34%
CTAS	49.0B	8.6B	3.73%	22.45%	37.77	5.69	13.01%	7.22%
RSG	45.8B	14.1B	-1.54%	6.92%	30.12	3.24	21.02%	12.77%
CPRT	42.0B	3.7B	11.52%	55.50%	38.78	11.42	16.24%	-0.79%
ROL	20.0B	2.8B	-3.80%	15.61%	52.09	7.25	11.44%	13.83%
MID-CAP
RBA	9.6B	1.9B	-5.73%	-11.38%	84.66	5.19	20.31%	-58.30%
IAA	5.3B	2.1B	-7.80%	0.87%	18.25	2.54	14.23%	-0.68%
BCO	3.2B	4.6B	7.73%	14.04%	27.58	0.7	8.16%	-30.88%
UNF	3.2B	2.1B	4.67%	2.53%	30.61	1.49	11.04%	-20.01%
ABM	3.1B	7.9B	5.00%	-7.79%	15.84	0.39	17.82%	51.06%
MGRC	2.2B	752.2M	0.20%	10.81%	12.99	2.9	17.34%	84.41%
SMALL-CAP
HCSG	998.7M	1.7B	-10.62%	-20.25%	27.75	0.59	1.18%	10.59%
VVI	583.5M	1.1B	27.87%	-25.41%	25.13	0.52	122.20%	125.06%
ARC	125.7M	285.4M	-8.74%	-1.24%	11.36	0.44	1.96%	7.13%
QRHC	108.9M	286.6M	0.18%	27.78%	-18.49	0.38	47.50%	-301.71%

Financials for Healthcare Services Group

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	-0.6%	1,681	1,690	1,687	1,688	1,661
S&GA Expenses	3.1%	145	140	145	148	169
EBITDA	19.4%	63.00	53.00	61.00	-	-
EBITDA Margin	19.2%	0.04*	0.03*	0.04*	-	-
Earnings Before Taxes	3.9%	47.00	45.00	27.00	38.00	45.00
EBT Margin	68.4%	0.03*	0.02*	0.02*	0.03*	-
Interest Expenses	-	3.00	-	-	-	-
Net Income	3.9%	36.00	35.00	21.00	30.00	33.00
Net Income Margin	67.9%	0.02*	0.01*	0.02*	0.02*	-
Free Cahsflow	-151.9%	-13.38	-5.31	-19.07	-2.82	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	0.1%	719	718	722	740	747
Current Assets	0.3%	510	509	513	522	525
Cash Equivalents	-38.5%	16.00	26.00	20.00	32.00	33.00
Goodwill	0%	76.00	76.00	76.00	76.00	76.00
Current Liabilities	-9.2%	162	179	182	184	174
Shareholder's Equity	3.4%	441	426	422	438	447
Retained Earnings	8.2%	167	154	155	170	179
Additional Paid-In Capital	0.4%	304	302	300	298	296
Shares Outstanding	0.1%	74.00	74.00	74.00	74.00	74.00

* denotes actual numbers (not divided by Thousands)
Cashflow (Last 12 Months)					(In Thousands)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	170.1%	5,725	-8,167	317	-12,898	3,424
Share Based Compensation	-3.7%	8,876	9,214	9,015	9,026	8,952
Cashflow From Investing	24.5%	3,212	2,580	-5,802	-7,716	-20,662
Cashflow From Financing	34.0%	-25,683	-38,928	-54,464	-72,292	-73,517
Dividend Payments	-24.8%	47,669	63,373	62,943	62,691	62,458
Buy Backs	Infinity%	2,223	0.00	16,138	19,700	26,267

Risks for HCSG

What is the probability of a big loss on HCSG?

99.2%

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

83.8%

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

30.8%

Probability that Healthcare Services Group 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 HCSG drawdown profile look like?

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

Drawdowns

Returns for HCSG

Cumulative Returns on HCSG

-2.5%

10-Year Cumulative Returns

-11.9%

7-Year Cumulative Returns

-15.2%

5-Year Cumulative Returns

-14.6%

3-Year Cumulative Returns

What are the long-term rolling returns for HCSG?

FIve years rolling returns for Healthcare Services Group.

Annualized Returns

Which funds bought or sold HCSG recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-26	ProShare Advisors LLC	added	9.07	2,101,860	10,164,700	0.03%
2023-05-25	Legato Capital Management LLC	unchanged	-	85,792	636,328	0.12%
2023-05-23	ROYCE & ASSOCIATES LP	added	31.7	8,710,130	25,387,700	0.25%
2023-05-23	Toroso Investments, LLC	added	115	637,000	1,064,000	0.02%
2023-05-22	AMERIPRISE FINANCIAL INC	added	11.97	3,264,760	14,360,800	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-3.27	513,000	4,863,000	0.01%
2023-05-18	JPMORGAN CHASE & CO	added	6.49	535,000	2,852,000	-%
2023-05-17	Advisory Services Network, LLC	unchanged	-	2,841	21,069	-%
2023-05-17	Thrivent Financial for Lutherans	added	51.56	686,000	1,598,000	-%
2023-05-16	Rockefeller Capital Management L.P.	added	611	3,918,000	4,460,000	0.02%

Latest Funds Activity

Are funds buying HCSG calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own HCSG

No. of Funds

Healthcare Services Group News

Schedule 13G FIlings of Healthcare Services Group

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	11.31%	8,381,297	SC 13G/A
Feb 01, 2023	state street corp	5.92%	4,389,272	SC 13G
Jan 27, 2023	mackenzie financial corp	5.63%	4,173,445	SC 13G/A
Jan 26, 2023	blackrock inc.	16.4%	12,151,434	SC 13G/A
Jan 20, 2023	blackrock inc.	16.4%	12,151,434	SC 13G/A
Feb 10, 2022	vanguard group inc	11.80%	8,796,411	SC 13G/A
Feb 07, 2022	blackrock inc.	15.7%	11,710,965	SC 13G/A
Feb 04, 2022	mackenzie financial corp	5.68%	4,232,391	SC 13G/A
Jan 21, 2022	riverbridge partners llc	4.62%	3,447,345	SC 13G/A
Apr 12, 2021	vanguard group inc	10.24%	7,654,706	SC 13G/A

HCSG Fair Value

Show Fair-Value

Recent SEC filings of Healthcare Services Group

View All Filings

Date Filed	Form Type	Document
Jun 01, 2023	8-K	Current Report
May 31, 2023	4	Insider Trading
May 31, 2023	4	Insider Trading
May 31, 2023	4	Insider Trading
May 31, 2023	4	Insider Trading
May 31, 2023	4	Insider Trading
May 31, 2023	4	Insider Trading
May 31, 2023	4	Insider Trading
May 31, 2023	4	Insider Trading
May 01, 2023	DEFR14A	DEFR14A

Latest Insider Trading transactions for HCSG

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-30	Ottaviano Dino D	acquired	40,001	14.11	2,835	-
2023-05-30	Casey Diane S	acquired	40,001	14.11	2,835	-
2023-05-30	Castagnino Daniela	acquired	40,001	14.11	2,835	-
2023-05-30	Visconto Jude	acquired	40,001	14.11	2,835	-
2023-05-30	FROME ROBERT L	acquired	40,001	14.11	2,835	-
2023-05-30	Simmons Kurt JR	acquired	40,001	14.11	2,835	-
2023-05-30	McFadden John J JR	acquired	40,001	14.11	2,835	-
2023-05-30	Grant Laura K	acquired	40,001	14.11	2,835	-
2023-03-31	Simmons Kurt JR	acquired	15,007	13.87	1,082	-
2023-03-31	FROME ROBERT L	acquired	2,510	13.87	181	-

About Healthcare Services Group

Theodore Wahl

www.hcsgcorp.com

39200

Healthcare Services Group, Inc. provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary. The Housekeeping segment engages in the cleaning, disinfecting, and sanitizing of resident rooms and common areas of the client's facility, as well as laundering and processing of the bed linens, uniforms, resident personal clothing, and other assorted linen items utilized at a client's facility. The Dietary segment provides food purchasing, meal preparation, and professional dietitian services, which include the development of menus that meet the dietary needs of residents. This segment also offers on-site management and clinical consulting services to facilities. As of December 31, 2021, the company provided its services to approximately 3,000 facilities. Healthcare Services Group, Inc. was incorporated in 1976 and is based in Bensalem, Pennsylvania.

HCSG Income Statement

2023-03-31

Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Revenues	$ 417,230	$ 426,811
Operating costs and expenses:
Costs of services provided	360,978	373,262
Selling, general and administrative expense	40,047	35,736
Other income (expense):
Investment and other income (loss), net	3,102	(1,523)
Interest expense	(1,751)	(509)
Income before income taxes	17,556	15,781
Income tax provision	4,872	4,452
Net income	$ 12,684	$ 11,329
Per share data:
Basic earnings per common share (in dollars per share)	$ 0.17	$ 0.15
Diluted earnings per common share (in dollars per share)	$ 0.17	$ 0.15
Weighted average number of common shares outstanding:
Basic (in shares)	74,497	74,326
Diluted (in shares)	74,518	74,333
Comprehensive income:
Net income	$ 12,684	$ 11,329
Other comprehensive gain (loss):
Unrealized gain (loss) on available-for-sale marketable securities, net of taxes	1,207	(5,269)
Total comprehensive income	$ 13,891	$ 6,060

HCSG Balance Sheet

2023-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 16,153	$ 26,279
Marketable securities, at fair value	95,985	95,200
Accounts and notes receivable, less allowance for doubtful accounts of $73,030 and $70,192 as of March 31, 2023 and December 31, 2022, respectively	350,784	336,777
Inventories and supplies	20,229	21,164
Taxes receivable	1,748	6,629
Prepaid expenses and other assets	25,188	22,583
Total current assets	510,087	508,632
Property and equipment, net	23,400	22,975
Goodwill	75,529	75,529
Other intangible assets, less accumulated amortization of $33,941 and $32,738 as of March 31, 2023 and December 31, 2022, respectively	14,743	15,946
Notes receivable — long–term portion, less allowance for doubtful accounts of $3,837 and $3,273 as of March 31, 2023 and December 31, 2022, respectively	32,327	32,609
Deferred compensation funding, at fair value	34,312	33,493
Deferred tax asset	27,975	28,338
Other long-term assets	760	812
Total assets	719,133	718,334
Current liabilities:
Accounts payable	64,351	68,296
Accrued payroll and related taxes	20,394	42,704
Other accrued expenses	17,088	17,835
Borrowings under line of credit	35,000	25,000
Deferred compensation liability — short-term	1,357	1,618
Accrued insurance claims	23,974	23,166
Total current liabilities	162,164	178,619
Accrued insurance claims — long-term	67,100	65,541
Deferred compensation liability — long-term	34,263	33,764
Lease liability — long-term	8,586	8,097
Other long-term liabilities	6,448	6,141
Commitments and contingencies (Note 15)
STOCKHOLDERS’ EQUITY:
Common stock, $0.01 par value; 100,000 shares authorized; 76,329 and 76,161 shares issued, and 74,194 and 74,088 shares outstanding as of March 31, 2023 and December 31, 2022, respectively	763	762
Additional paid-in capital	303,582	302,304
Retained earnings	167,190	154,495
Accumulated other comprehensive loss, net of taxes	(2,270)	(3,477)
Common stock in treasury, at cost, 2,135 and 2,073 shares as of March 31, 2023 and December 31, 2022, respectively	(28,693)	(27,912)
Total stockholders’ equity	440,572	426,172
Total liabilities and stockholders’ equity	$ 719,133	$ 718,334