MODV - ModivCare Inc. Stock Price, Fair Value and News

22.48USD0.00 (0.00%)Market Closed

Market Summary

USD22.480.00

Market Closed

0.00%

MODV Stock Price

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MODV RSI Chart

MODV Valuation

Market Cap

319.2M

Price/Earnings (Trailing)

-1.56

Price/Sales (Trailing)

0.12

EV/EBITDA

-7.48

Price/Free Cashflow

-2.55

MODV Price/Sales (Trailing)

MODV Profitability

EBT Margin

-7.60%

Return on Equity

-130.9%

Return on Assets

-11.57%

Free Cashflow Yield

-39.24%

MODV Fundamentals

MODV Revenue

Revenue (TTM)

2.8B

Rev. Growth (Yr)

7.48%

Rev. Growth (Qtr)

2.32%

MODV Earnings

Earnings (TTM)

-204.5M

Earnings Growth (Yr)

24.4%

Earnings Growth (Qtr)

-22.08%

Breaking Down MODV Revenue

Last 7 days

-4.3%

Last 30 days

-23.1%

Last 90 days

-43%

Trailing 12 Months

-71.7%

How does MODV drawdown profile look like?

MODV Financial Health

Current Ratio

0.78

Debt/Equity

6.3

Debt/Cashflow

-0.08

MODV Investor Care

Shares Dilution (1Y)

0.36%

Diluted EPS (TTM)

-14.43

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
2023	2.6B	2.7B	2.7B	2.8B
2022	2.1B	2.2B	2.4B	2.5B
2021	1.5B	1.6B	1.8B	2.0B
2020	1.5B	1.4B	1.4B	1.4B
2019	1.4B	1.4B	1.5B	1.5B
2018	1.6B	1.5B	1.4B	1.4B
2017	1.6B	1.6B	1.6B	1.6B
2016	1.5B	1.5B	1.6B	1.6B
2015	1.3B	1.4B	1.5B	1.5B
2014	1.0B	1.0B	1.0B	1.1B
2013	1.1B	1.1B	1.1B	1.1B
2012	975.3M	1.0B	1.1B	1.1B
2011	886.5M	899.5M	917.9M	943.0M
2010	0	827.2M	853.5M	879.7M
2009	0	0	0	801.0M

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

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of ModivCare Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 29, 2024	coulter david a	acquired	23,121	23.45	986	-
Mar 29, 2024	wright frank j	acquired	13,436	23.45	573	-
Feb 16, 2024	coliseum capital management, llc	back to issuer	-65,424	49.79	-1,314	-
Feb 16, 2024	coliseum capital management, llc	acquired	-	-	1,314	-
Feb 14, 2024	graham garth	acquired	-	-	2,658	-
Feb 14, 2024	kral jessica	acquired	-	-	4,345	chief information officer
Feb 14, 2024	simpson ilias	acquired	-	-	6,134	president, modivcare mobility
Feb 14, 2024	carter todd j	acquired	-	-	2,658	-
Feb 14, 2024	toledo henry	acquired	-	-	5,214	chief people officer
Feb 14, 2024	sampson l heath	acquired	-	-	12,433	president, ceo

Which funds bought or sold MODV recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 12, 2024	AdvisorNet Financial, Inc	sold off	-100	-8,798	-	-%
Apr 11, 2024	City State Bank	unchanged	-	-10,000	11,000	-%
Apr 09, 2024	MASSMUTUAL TRUST CO FSB/ADV	reduced	-25.00	-423	281	-%
Apr 05, 2024	CWM, LLC	reduced	-12.36	-11,000	9,000	-%
Apr 05, 2024	GAMMA Investing LLC	reduced	-11.46	-5,969	6,519	-%
Apr 03, 2024	Versant Capital Management, Inc	unchanged	-	-2,301	2,626	-%
Mar 27, 2024	NOMURA HOLDINGS INC	reduced	-75.92	-947,162	479,579	-%
Mar 22, 2024	PNC FINANCIAL SERVICES GROUP, INC.	reduced	-9.53	16,701	80,194	-%
Mar 11, 2024	VANGUARD GROUP INC	reduced	-2.12	10,682,400	39,827,700	-%
Mar 01, 2024	READYSTATE ASSET MANAGEMENT LP	reduced	-1.09	296,441	1,074,900	0.04%

Are Funds Buying or Selling MODV?

Are funds buying MODV calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MODV

No. of Funds

Unveiling ModivCare Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Apr 12, 2024	millennium management llc	5.6%	797,918	SC 13G
Feb 14, 2024	silvercrest asset management group llc	5.0%	709,360	SC 13G
Feb 14, 2024	t. rowe price investment management, inc.	0.0%	0	SC 13G/A
Feb 13, 2024	neuberger berman group llc	6.36%	902,564	SC 13G
Feb 13, 2024	vanguard group inc	6.38%	905,381	SC 13G/A
Feb 12, 2024	fuller & thaler asset management, inc.	6.11%	866,173	SC 13G/A
Jan 23, 2024	blackrock inc.	14.1%	2,002,136	SC 13G/A
Sep 18, 2023	coliseum capital management, llc	21.0%	2,982,751	SC 13D/A
Sep 13, 2023	coliseum capital management, llc	18.7%	2,652,535	SC 13D/A
Sep 11, 2023	coliseum capital management, llc	17.2%	2,439,287	SC 13D/A

Recent SEC filings of ModivCare Inc.

View All Filings

Date Filed	Form Type	Document
Apr 12, 2024	SC 13G	Major Ownership Report
Apr 02, 2024	4	Insider Trading
Apr 02, 2024	4	Insider Trading
Apr 01, 2024	8-K	Current Report
Feb 26, 2024	10-K	Annual Report
Feb 22, 2024	4	Insider Trading
Feb 22, 2024	4	Insider Trading
Feb 22, 2024	4	Insider Trading
Feb 22, 2024	4	Insider Trading
Feb 22, 2024	4	Insider Trading

Peers (Alternatives to ModivCare Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
UNH	410.7B	371.6B	-9.23%	-12.95%	18.35	1.11	14.64%	11.24%
CI	102.0B	195.3B	-0.90%	34.65%	18.99	0.52	8.17%	-20.79%
CVS	86.8B	357.8B	-10.90%	-7.68%	10.39	0.24	10.95%	93.52%
HCA	85.3B	65.0B	0.18%	18.00%	16.28	1.31	7.86%	-7.11%
CNC	38.9B	154.0B	-3.67%	6.80%	14.39	0.25	6.54%	124.79%
UHS	11.5B	14.3B	-4.30%	22.39%	16.07	0.81	6.59%	6.24%
DVA	11.4B	12.1B	-4.93%	54.73%	16.48	0.94	4.57%	23.40%
MID-CAP
CHE	9.3B	2.3B	-4.81%	9.59%	34.17	4.11	6.06%	9.17%
ACHC	6.7B	2.9B	-6.00%	-3.46%	-311.45	2.3	12.20%	-107.93%
AMEH	2.2B	1.4B	-1.50%	0.56%	35.86	1.57	21.19%	34.42%
AMN	2.2B	3.8B	-2.74%	-34.13%	10.27	0.57	-27.73%	-52.50%
SMALL-CAP
ADUS	1.6B	1.1B	0.06%	-12.91%	25.13	1.48	11.31%	35.83%
BKD	1.2B	3.0B	5.33%	55.67%	-6.33	0.4	6.74%	20.73%
BEAT	48.4M	-	-23.65%	-14.81%	-3.31	-	-	-12.94%
AMS	18.2M	21.3M	11.67%	2.14%	34.08	0.85	8.00%	-62.25%

ModivCare Inc. News

Latest updates

ModivCare Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In null)

Income Statement (Quarterly)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q2	2022Q1	2021Q4	2021Q3	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2
Revenue	2.3%	703	687	699	662	654	648	628	601	574	576	493	484	474	454	399	321	282	367	385	393	364
Operating Expenses	1.8%	688	675	878	656	650	636	608	-	560	558	480	-	448	427	379	277	233	357	-	376	367
S&GA Expenses	7.6%	75.00	70.00	79.00	80.00	90.00	76.00	79.00	-	77.00	92.00	68.00	-	56.00	55.00	55.00	34.00	31.00	21.00	15.00	16.00	17.00
EBITDA Margin	4.0%	-0.06*	-0.07*	-0.07*	0.01*	0.01*	0.02*	0.01*	0.01*	0.02*	0.02*	0.01*	0.05*	0.06*	-	-	-	-	-	-	-	-
Interest Expenses	-2.8%	-18.35	-17.84	-16.97	-15.96	-15.53	-15.56	-15.47	-	-15.40	-14.67	-17.70	-	-8.29	-8.42	-15.48	-0.38	-1.50	-0.24	-0.06	-0.19	-0.30
Income Taxes	102.6%	0.00	-1.66	-0.83	-1.87	-3.91	-1.05	2.00	-	-0.36	0.00	-2.00	-	6.00	5.00	2.00	14.00	14.00	-9.05	3.00	5.00	-1.39
Earnings Before Taxes	53.9%	-2.67	-5.80	-192	-7.86	-8.91	-3.11	8.00	-	-0.53	6.00	-4.73	-	19.00	20.00	-7.86	53.00	52.00	7.00	14.00	14.00	-4.80
EBT Margin	4.6%	-0.08*	-0.08*	-0.08*	0.00*	0.00*	0.00*	0.00*	0.01*	0.01*	0.02*	0.01*	0.05*	0.05*	-	-	-	-	-	-	-	-
Net Income	-22.1%	-5.25	-4.30	-190	-3.96	-6.95	-28.50	3.00	-	0.00	-31.52	-7.57	-	14.00	19.00	-3.06	39.00	37.00	16.00	-6.06	8.00	-1.71
Net Income Margin	2.6%	-0.07*	-0.08*	-0.09*	-0.01*	-0.01*	0.00*	0.00*	0.00*	0.00*	0.00*	0.04*	0.04*	0.04*	-	-	-	-	-	-	-	-
Free Cashflow	-182.4%	-36.79	45.00	-117	-15.97	-63.45	-15.30	-27.59	63.00	63.00	5.00	-0.14	32.00	32.00	-	-	-	-	-	-	-	-

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	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	0.2%	1,767	1,763	1,785	1,942	1,944	1,990	2,060	2,113	2,027	2,135	1,576	1,532	1,426	792	654	797	597	621	606	160	570
Current Assets	4.4%	405	388	393	348	346	382	396	509	410	471	557	537	420	379	246	463	256	255	237	240	211
Cash Equivalents	-72.5%	2.00	8.00	7.00	13.00	14.00	73.00	88.00	194	133	127	291	300	183	183	42.00	254	62.00	41.00	30.00	42.00	12.00
Net PPE	-	-	-	-	-	-	67.00	63.00	58.00	54.00	53.00	30.00	30.00	28.00	21.00	21.00	23.00	23.00	22.00	22.00	22.00	23.00
Goodwill	0%	786	786	786	969	969	236	968	925	925	237	449	445	445	135	135	135	135	135	135	135	-
Liabilities	0.4%	1,611	1,604	1,624	1,590	1,590	1,636	1,678	1,737	1,654	1,731	1,167	1,113	1,014	382	289	392	203	224	211	221	181
Current Liabilities	0.7%	520	517	533	494	492	534	553	613	527	576	529	486	318	271	201	329	150	166	161	171	143
Short Term Borrowings	37.1%	114	83.00	127	15.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	0.1%	984	983	982	980	979	-	-	-	975	-	-	-	486	-	-	-	-	0.00	0.00	0.00	0.00
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	162	-	0.00	0.00	1.00	1.00
LT Debt, Non Current	0.1%	984	983	982	980	979	-	-	-	975	-	-	-	-	-	-	-	-	-	-	-	-
Shareholder's Equity	-1.7%	156	159	161	351	355	354	382	376	373	404	409	419	412	410	360	328	318	320	317	315	311
Retained Earnings	-27.4%	-24.44	-19.18	-14.88	176	180	187	215	212	212	243	251	237	218	222	186	199	184	191	184	187	187
Additional Paid-In Capital	0.6%	451	448	447	445	444	437	436	434	430	429	426	425	421	417	402	355	352	346	345	339	335
Shares Outstanding	0.0%	20.00	20.00	20.00	20.00	20.00	14.00	14.00	14.00	14.00	14.00	14.00	14.00	-	-	-	-	-	-	-	-	-
Minority Interest	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Float	-	-	-	635	-	-	-	1,176	-	-	-	2,359	-	-	-	950	-	-	-	669	-	-

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	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-147.9%	-25,644	53,547	-108,219	-2,655	-55,968	-5,680	-20,279	71,485	12,146	5,581	34,549	134,564	61,209	140,038	108,389	38,799	20,871	16,998	-15,760	38,831	-14,573
Share Based Compensation	39.2%	2,427	1,743	1,162	1,124	1,720	656	2,447	2,049	1,679	1,566	1,472	1,187	981	1,177	727	1,045	1,167	855	1,289	2,103	2,784
Cashflow From Investing	-25.5%	-11,145	-8,878	-8,945	-13,320	-7,423	-9,630	-86,176	-8,584	-4,545	-657,105	-18,587	-5,388	-552,561	-2,456	-78,421	-1,574	-3,556	-3,025	-2,595	-1,682	12,671
Cashflow From Financing	171.1%	30,957	-43,521	111,250	14,380	5,635	57.00	-35.00	-1,849	-871	487,288	-24,641	-12,925	487,892	4,146	-239,324	155,546	2,638	-6,674	2,152	1,108	-37,699
Buy Backs	-	-	-	-	-	-	-	-	-	954	-	24,590	14,450	-	-	2,887	7,299	434	5,991	155	217	79.00

MODV Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($)	12 Months Ended
Consolidated Statements of Operations - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Service revenue, net	$ 2,751,170,000	$ 2,504,393,000	$ 1,996,892,000
Grant income (Note 2)	5,037,000	7,351,000	5,441,000
Operating expenses:
Service expense	2,304,218,000	2,032,074,000	1,584,298,000
General and administrative expense	304,564,000	322,171,000	271,674,000
Depreciation and amortization	104,271,000	100,415,000	56,998,000
Impairment of goodwill	183,100,000	0	0
Total operating expenses	2,896,153,000	2,454,660,000	1,912,970,000
Operating income (loss)	(139,946,000)	57,084,000	89,363,000
Interest expense, net	69,120,000	61,961,000	49,081,000
Income (loss) before income taxes and equity method investment	(209,066,000)	(4,877,000)	40,282,000
Income tax benefit (provision)	4,319,000	3,035,000	(8,617,000)
Equity in net income (loss) of investee, net of tax	287,000	(29,964,000)	(38,250,000)
Net loss	$ (204,460,000)	$ (31,806,000)	$ (6,585,000)
Loss per common share:
Basic (in dollars per share)	$ (14.43)	$ (2.26)	$ (0.47)
Diluted (in dollars per share)	$ (14.43)	$ (2.26)	$ (0.47)
Weighted-average number of common shares outstanding:
Basic (in shares)	14,173,957	14,061,839	14,054,060
Diluted (in shares)	14,173,957	14,061,839	14,054,060

MODV Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 2,217	$ 14,451
Accounts receivable, net of allowance of $969 and $2,078, respectively	222,537	223,210
Contract receivables	143,960	71,131
Other receivables	8,616	2,506
Prepaid expenses and other current assets	27,028	34,332
Restricted cash	565	524
Total current assets	404,923	346,154
Property and equipment, net	85,629	69,138
Goodwill	785,554	968,654
Payor network, net	330,738	391,980
Other intangible assets, net	30,197	47,429
Equity investment	41,531	41,303
Operating lease right-of-use assets	39,776	39,405
Other assets	48,927	40,209
Total assets	1,767,275	1,944,272
Current liabilities:
Accounts payable	55,241	54,959
Accrued contract payables	117,488	194,287
Accrued transportation costs	97,245	96,851
Accrued expenses and other current liabilities	127,901	135,860
Current portion of operating lease liabilities	8,727	9,640
Short-term borrowings	113,800	0
Total current liabilities	520,402	491,597
Long-term debt, net of deferred financing costs of $16,243 and $24,775, respectively	983,757	979,361
Deferred tax liabilities	39,584	57,236
Operating lease liabilities, less current portion	33,784	32,088
Other long-term liabilities	33,553	29,434
Total liabilities	1,611,080	1,589,716
Commitments and contingencies (Note 17)
Stockholders’ equity
Common stock: Authorized 40,000,000 shares; $0.001 par value; 19,775,041 and 19,729,923, respectively, issued and outstanding (including treasury shares)	20	20
Additional paid-in capital	450,945	444,255
Retained earnings (accumulated deficit)	(24,437)	180,023
Treasury shares, at cost, 5,571,004 and 5,573,529 shares, respectively	(270,333)	(269,742)
Total stockholders’ equity	156,195	354,556
Total liabilities and stockholders’ equity	$ 1,767,275	$ 1,944,272

About ModivCare Inc.

ModivCare Inc., a technology-enabled healthcare services company, provides a suite of integrated supportive care solutions for public and private payors and their members. The company operates through four segments: Non-Emergency Medical Transportation (NEMT), Personal Care, Remote Patient Monitoring (RPM), and Corporate and Other. The company offers risk underwriting, contact center management, network credentialing, claims management, and non-emergency medical transport management services for Medicaid or Medicare eligible members, whose limited mobility or financial resources hinder their ability to access necessary healthcare and social services. It also provides in-home personal care services, such as bathing, personal hygiene, grooming, oral care, dressing, medication reminders, meal planning, preparation and feeding, housekeeping, transportation services, prescription reminders, and assistance with dressing and ambulation services through placing non-medical personal care assistants, home health aides, and skilled nurses primarily to Medicaid patients in need of care monitoring and assistance in performing daily living activities, including senior citizens and disabled adults. Ina addition, the company offers remote patient monitoring solutions, including personal emergency response systems, vitals monitoring, medication management, and data-driven patient engagement solutions. It serves federal, state, and local government agencies, MCOs, commercial insurers, private individuals, and health systems. The company was formerly known as The Providence Service Corporation and changed its name to ModivCare Inc. in January 2021. ModivCare Inc. was incorporated in 1996 and is based in Denver, Colorado.

CEO	Mr. L. Heath Sampson
WEBSITE	modivcare.com
INDUSTRY	Healthcare Plans
EMPLOYEES	20000

ModivCare Inc. Frequently Asked Questions

What is the ticker symbol for ModivCare Inc.? What does MODV stand for in stocks?

MODV is the stock ticker symbol of ModivCare Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of ModivCare Inc. (MODV)?

As of Mon Apr 15 2024, market cap of ModivCare Inc. is 319.17 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MODV stock?

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

What is the fair value of MODV stock?

You can check MODV's fair value in chart for subscribers. The fair value of ModivCare 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 ModivCare 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 MODV 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 ModivCare Inc. a good stock to buy?

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

What is ModivCare Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Apr 15 2024, MODV's PE ratio (Price to Earnings) is -1.56 and Price to Sales (PS) ratio is 0.12. 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. MODV PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on ModivCare Inc.'s stock?

In the past 10 years, ModivCare Inc. has provided -0.06 (multiply by 100 for percentage) rate of return.