MODV - ModivCare Stock

Market Summary

USD36.42+1.38

Delayedas of 20 Sep 2023, 11:36 am

3.94%

MODV Alerts

1 major insider buys recently.
Big fall in earnings (Y/Y)
Losses in recent quarter

MODV Stock Price

MODV RSI Chart

MODV Valuation

Market Cap

692.6M

Price/Earnings (Trailing)

-3.01

Price/Sales (Trailing)

0.26

EV/EBITDA

-3.96

Price/Free Cashflow

-3.27

MODV Price/Sales (Trailing)

MODV Profitability

EBT Margin

-0.47%

Return on Equity

-10.28%

Return on Assets

-1.86%

Free Cashflow Yield

-30.59%

MODV Fundamentals

MODV Revenue

Revenue (TTM)

2.7B

Revenue Y/Y

11.28%

Revenue Q/Q

5.56%

MODV Earnings

Earnings (TTM)

-230.4M

Earnings Y/Y

-5.8K%

Earnings Q/Q

-4.7K%

Price Action

52 Week Range

26.20113.53

(Low)(High)

Last 7 days

23.0%

Last 30 days

-14.8%

Last 90 days

-24.5%

Trailing 12 Months

-67.3%

MODV Financial Health

Current Ratio

0.7

MODV Investor Care

Shares Dilution (1Y)

40.72%

Diluted EPS (TTM)

-16.27

Historical Charts for Stock Metrics

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Net sales

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Latest Insider Trading transactions for MODV

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-09-15	Coliseum Capital Management, LLC	bought	7,153,440	35.0009	204,379	-
2023-09-13	Coliseum Capital Management, LLC	bought	842,489	28.66	29,396	-
2023-09-13	Coliseum Capital Management, LLC	bought	2,820,900	29.25	96,441	-
2023-09-12	Coliseum Capital Management, LLC	bought	2,272,190	28.5	79,726	-
2023-09-11	Coliseum Capital Management, LLC	bought	3,534,150	30.8724	114,476	-
2023-09-11	Coliseum Capital Management, LLC	bought	551,953	28.98	19,046	-
2023-09-08	Coliseum Capital Management, LLC	bought	6,477,670	28.7896	225,000	-
2023-09-07	Coliseum Capital Management, LLC	bought	3,008,700	27.23	110,492	-
2023-09-05	Toledo Henry	acquired	-	-	17,287	chief people officer
2023-08-31	Simpson Ilias	acquired	-	-	9,345	president, modivcare mobility

Which funds bought or sold MODV recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-08-24	Alberta Investment Management Corp	sold off	-100	-1,236,820	-	-%
2023-08-24	ProVise Management Group, LLC	new	-	1,027,940	1,027,940	0.09%
2023-08-22	Asset Dedication, LLC	unchanged	-	-9,000	11,000	-%
2023-08-21	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-2.75	-637,051	698,223	-%
2023-08-21	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	added	5.43	-134,000	175,000	-%
2023-08-21	OSAIC HOLDINGS, INC.	added	3,141	174,282	184,946	-%
2023-08-16	Nuveen Asset Management, LLC	added	20.03	-2,067,630	3,763,370	-%
2023-08-15	WELLS FARGO & COMPANY/MN	added	89.13	4,531	272,074	-%
2023-08-15	CM WEALTH ADVISORS LLC	sold off	-100	-252,000	-	-%
2023-08-15	State of Tennessee, Treasury Department	reduced	-46.48	-484,531	195,760	-%

Latest Funds Activity

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

Schedule 13G FIlings of ModivCare

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
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
Aug 11, 2023	coliseum capital management, llc	14.8%	2,103,795	SC 13D/A
Aug 10, 2023	coliseum capital management, llc	13.4%	1,898,795	SC 13D/A
May 10, 2023	coliseum capital management, llc	11.2%	1,582,814	SC 13D/A
Feb 14, 2023	fuller & thaler asset management, inc.	6.51%	920,828	SC 13G
Feb 14, 2023	price t rowe associates inc /md/	0.9%	132,376	SC 13G/A
Feb 14, 2023	t. rowe price investment management, inc.	8.0%	1,134,756	SC 13G
Feb 09, 2023	vanguard group inc	6.46%	913,180	SC 13G/A

Recent SEC filings of ModivCare

View All Filings

Date Filed	Form Type	Document
Sep 19, 2023	4	Insider Trading
Sep 18, 2023	SC 13D/A	13D - Major Acquisition
Sep 15, 2023	4	Insider Trading
Sep 13, 2023	4	Insider Trading
Sep 13, 2023	SC 13D/A	13D - Major Acquisition
Sep 11, 2023	4	Insider Trading
Sep 11, 2023	SC 13D/A	13D - Major Acquisition
Sep 07, 2023	3	Insider Trading
Sep 07, 2023	4	Insider Trading
Sep 05, 2023	4	Insider Trading

MODV Fair Value

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ModivCare News

Returns for MODV

Cumulative Returns on MODV

2.5%

10-Year Cumulative Returns

-4.3%

7-Year Cumulative Returns

-11.9%

5-Year Cumulative Returns

-26.7%

3-Year Cumulative Returns

Risks for MODV

What is the probability of a big loss on MODV?

98.8%

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

51.5%

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

27.7%

Probability that ModivCare 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 MODV drawdown profile look like?

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

Drawdowns

Financials for ModivCare

Income Statement (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2	2018Q1
Revenue	2.7%	2,663	2,592	2,504	2,426	2,371	2,166	1,997	1,647	1,455	1,369	1,355	1,428	1,509	1,510	1,486	1,436	1,416	1,385	1,431	1,497	1,561
Operating Expenses	10.6%	2,819	2,550	2,455	2,362	2,206	2,046	1,913	1,531	1,317	1,247	1,157	1,289	1,468	-	1,469	1,427	1,400	1,361	1,082	1,151	1,213
S&GA Expenses	-0.1%	325	325	322	324	317	294	272	201	176	142	101	83.00	69.00	67.00	76.00	77.00	79.00	77.00	69.00	71.00	71.00
EBITDA	-100.0%	-	27.00	34.00	44.00	27.00	28.00	49.00	98.00	141	123	115	73.00	16.00	10.00	-	-	-	-	-	-	-
EBITDA Margin	-100.0%	-	0.01*	0.01*	0.02*	0.01*	0.01*	0.02*	0.06*	0.10*	0.09*	0.09*	0.05*	0.01*	0.01*	-	-	-	-	-	-	-
Interest Expenses	-2.4%	-64.01	-62.52	-61.96	-61.10	-63.24	-56.06	-49.08	-32.57	-25.78	-17.60	-2.17	-1.98	-0.79	-0.85	-1.77	-1.83	-1.76	-1.78	-1.03	-1.08	-1.18
Earnings Before Taxes	-1641.2%	-212	-12.21	-4.88	10.00	8.00	19.00	40.00	85.00	118	104	126	86.00	30.00	24.00	7.00	7.00	15.00	23.00	53.00	56.00	60.00
EBT Margin	100.0%	-	0.00*	0.00*	0.00*	0.00*	0.01*	0.02*	0.05*	0.09*	0.08*	0.07*	0.04*	0.00*	0.00*	-	-	-	-	-	-	-
Net Income	-538.4%	-230	-36.09	-31.81	-56.38	-37.17	-23.38	-6.58	68.00	92.00	89.00	86.00	55.00	16.00	1.00	-13.33	-14.33	-23.83	-18.98	40.00	48.00	63.00
Net Income Margin	100.0%	-	-0.01*	-0.01*	-0.02*	-0.02*	-0.01*	0.00*	0.04*	0.06*	0.06*	0.06*	0.04*	0.01*	0.00*	-	-	-	-	-	-	-
Free Cashflow	100.0%	-	-122	-43.45	25.00	40.00	97.00	166	352	428	336	300	176	50.00	50.00	-	-	-	-	-	-	-

Balance Sheet
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Assets	-8.1%	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	704	680
Current Assets	12.8%	393	348	346	382	396	509	410	471	557	537	420	379	246	463	256	255	237	240	211	261	289
Cash Equivalents	-46.3%	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	47.00	30.00
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	47.00	47.00
Goodwill	-18.9%	786	969	969	236	968	925	925	237	449	445	445	135	135	135	135	135	135	135	135	40.00	-
Liabilities	2.1%	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	327	311
Current Liabilities	7.9%	533	494	492	534	553	613	527	576	529	486	318	271	201	329	150	166	161	171	143	264	256
Short Term Borrowings	743.3%	127	15.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	-	-	-	-	-	-	-	975	-	-	-	486	-	-	-	-	0.00	0.00	0.00	0.00	0.00	1.00
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	162	-	0.00	0.00	1.00	1.00	37.00	2.00
LT Debt, Non Current	0.1%	982	980	979	-	-	-	975	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shareholder's Equity	-54.0%	161	351	355	354	382	376	373	404	409	419	412	410	360	328	318	320	317	315	311	300	292
Retained Earnings	-108.5%	-14.88	176	180	187	215	212	212	243	251	237	218	222	186	199	184	191	184	187	187	209	203
Additional Paid-In Capital	0.3%	447	445	444	437	436	434	430	429	426	425	421	417	402	355	352	346	345	339	335	332	330
Shares Outstanding	0.1%	20.00	20.00	20.00	20.00	14.00	14.00	20.00	14.00	14.00	14.00	20.00	14.00	13.00	13.00	18.00	13.00	13.00	13.00	18.00	13.00	13.00
Minority Interest	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.81	-2.01

Cashflow (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Cashflow From Operations	-104.0%	-172	-84.58	-10.44	58.00	69.00	124	187	236	370	444	348	308	185	61.00	61.00	25.00	39.00	21.00	8.00	41.00	38.00
Share Based Compensation	-21.6%	5.00	6.00	7.00	7.00	8.00	7.00	6.00	5.00	5.00	4.00	4.00	4.00	4.00	4.00	5.00	7.00	8.00	10.00	9.00	9.00	9.00
Cashflow From Investing	66.3%	-39.32	-116	-111	-108	-756	-688	-685	-1,233	-578	-638	-635	-86.01	-86.58	-10.75	-10.86	5.00	-43.94	-42.02	-45.32	-62.85	-1.67
Cashflow From Financing	555.4%	131	20.00	4.00	-2.70	485	460	449	938	454	240	408	-76.99	-87.81	154	-0.78	-41.11	-0.29	-20.19	-51.55	-25.30	-61.04
Buy Backs	-	-	-	-	1.00	1.00	26.00	40.00	39.00	39.00	17.00	10.00	11.00	17.00	14.00	7.00	6.00	0.00	19.00	56.00	67.00	67.00

MODV Income Statement

2023-03-31

Unaudited Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Service revenue, net	$ 662,306	$ 574,475
Grant income (Note 2)	1,464	468
Operating expenses:
Service expense	550,266	459,315
General and administrative expense	79,713	76,808
Depreciation and amortization	25,693	23,946
Total operating expenses	655,672	560,069
Operating income	8,098	14,874
Interest expense, net	(15,958)	(15,400)
Loss before income taxes and equity method investment	(7,860)	(526)
Provision (benefit) for income taxes	(1,873)	(361)
Equity in net income of investee, net of tax	(2,025)	(483)
Net income (loss)	$ (3,962)	$ 318
Earnings (loss) per common share:
Basic (in dollars per share)	$ (0.28)	$ 0.02
Diluted (in dollars per share)	$ (0.28)	$ 0.02
Weighted-average number of common shares outstanding:
Basic (in shares)	14,163,511	14,023,585
Diluted (in shares)	14,163,511	14,123,825

MODV Balance Sheet

2023-03-31

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 12,848	$ 14,451
Accounts receivable, net of allowance of $2,205 and $2,078, respectively	296,745	294,341
Other receivables	2,246	2,506
Prepaid expenses and other current assets	35,860	34,332
Restricted cash	532	524
Total current assets	348,231	346,154
Property and equipment, net	76,252	69,138
Goodwill	968,654	968,654
Payor network, net	376,672	391,980
Other intangible assets, net	43,250	47,429
Equity investment	43,698	41,303
Operating lease right-of-use assets	40,311	39,405
Other assets	44,461	40,209
Total assets	1,941,529	1,944,272
Current liabilities:
Short-term borrowings	15,000	0
Accounts payable	54,987	54,959
Accrued contract payables	187,620	194,287
Accrued transportation costs	93,726	96,851
Accrued expenses and other current liabilities	132,978	135,860
Current portion of operating lease liabilities	9,852	9,640
Total current liabilities	494,163	491,597
Long-term debt, net of deferred financing costs of $19,567 and $20,639, respectively	980,433	979,361
Deferred tax liabilities	53,612	57,236
Operating lease liabilities, less current portion	32,867	32,088
Other long-term liabilities	29,356	29,434
Total liabilities	1,590,431	1,589,716
Commitments and contingencies (Note 12)
Stockholders’ equity
Common stock: Authorized 40,000,000 shares; $0.001 par value; 19,755,832 and 19,729,923, respectively, issued and outstanding (including treasury shares)	20	20
Additional paid-in capital	445,379	444,255
Retained earnings	176,061	180,023
Treasury shares, at cost, 5,579,529 and 5,573,529 shares, respectively	(270,362)	(269,742)
Total stockholders’ equity	351,098	354,556
Total liabilities and stockholders’ equity	$ 1,941,529	$ 1,944,272

ModivCare Inc Stock Research

Market Summary

MODV Alerts

MODV Stock Price

MODV RSI Chart

MODV Valuation

MODV Price/Sales (Trailing)

MODV Profitability

MODV Fundamentals

MODV Revenue

MODV Earnings

Price Action

52 Week Range

MODV Financial Health

MODV Investor Care

Historical Charts for Stock Metrics

Latest Insider Trading transactions for MODV

Which funds bought or sold MODV recently?

Latest Funds Activity

MODV Alerts

Schedule 13G FIlings of ModivCare

Recent SEC filings of ModivCare

MODV Fair Value

ModivCare News

Returns for MODV

Cumulative Returns on MODV

Risks for MODV

What is the probability of a big loss on MODV?

How does MODV drawdown profile look like?

Financials for ModivCare

Income Statement (Last 12 Months)
(In Millions)

Balance Sheet
(In Millions)

Cashflow (Last 12 Months)
(In Millions)

MODV Income Statement

MODV Balance Sheet

About ModivCare

Market Summary

MODV Alerts

MODV Stock Price

MODV RSI Chart

MODV Valuation

MODV Price/Sales (Trailing)

MODV Profitability

MODV Fundamentals

MODV Revenue

MODV Earnings

Price Action

52 Week Range

MODV Financial Health

MODV Investor Care

Historical Charts for Stock Metrics

Latest Insider Trading transactions for MODV

Which funds bought or sold MODV recently?

Latest Funds Activity

MODV Alerts

Schedule 13G FIlings of ModivCare

Recent SEC filings of ModivCare

MODV Fair Value

ModivCare News

Returns for MODV

Cumulative Returns on MODV

Risks for MODV

What is the probability of a big loss on MODV?

How does MODV drawdown profile look like?

Financials for ModivCare

Income Statement (Last 12 Months).css-zgnqz2{margin:0;font-family:"Roboto","Helvetica","Arial",sans-serif;font-weight:400;font-size:0.75rem;line-height:1.66;letter-spacing:0.03333em;color:#595959;}(In Millions)

Balance Sheet(In Millions)

Cashflow (Last 12 Months)(In Millions)

MODV Income Statement

MODV Balance Sheet

About ModivCare

Income Statement (Last 12 Months)
(In Millions)

Balance Sheet
(In Millions)

Cashflow (Last 12 Months)
(In Millions)