Molina Healthcare Inc Stock Research

Market Summary

USD263.78+3.14

Market Closed

1.20%

MOH Alerts

1 major insider sales recently.
Big fall in earnings (Y/Y)

MOH Stock Price

MOH RSI Chart

MOH Valuation

Market Cap

15.3B

Price/Earnings (Trailing)

19.32

Price/Sales (Trailing)

0.48

EV/EBITDA

8.37

Price/Free Cashflow

22.43

MOH Price/Sales (Trailing)

MOH Profitability

EBT Margin

3.32%

Return on Equity

26.72%

Return on Assets

6.43%

Free Cashflow Yield

4.46%

MOH Fundamentals

MOH Revenue

Revenue (TTM)

32.0B

Revenue Y/Y

10.99%

Revenue Q/Q

3.73%

MOH Earnings

Earnings (TTM)

792.0M

Earnings Y/Y

-45.63%

Earnings Q/Q

-75.65%

Price Action

52 Week Range

249.78374.00

(Low)(High)

Last 7 days

-3.3%

Last 30 days

-12.9%

Last 90 days

-23.1%

Trailing 12 Months

-20.5%

MOH Financial Health

Current Ratio

1.47

MOH Investor Care

Diluted EPS (TTM)

13.55

Peers (Alternatives to Molina Healthcare)

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
UNH	440.9B	324.2B	-6.04%	-5.61%	21.91	1.36	12.71%	16.40%
CI	91.1B	180.5B	-9.45%	16.50%	13.64	1.92	3.70%	24.58%
HUM	62.6B	92.9B	-3.60%	10.39%	22.31	0.67	11.81%	-4.33%
CNC	34.8B	144.5B	-13.05%	-25.78%	28.95	0.24	14.74%	-10.76%
MID-CAP
LHCG	5.2B	2.3B	3.17%	35.63%	86.23	2.28	2.85%	-58.05%
HQY	5.0B	831.2M	-11.67%	3.11%	-84.99	6.01	12.11%	-862.52%
AMN	3.6B	5.2B	-10.88%	-15.90%	8.03	0.68	31.60%	35.63%
CRVL	3.2B	704.5M	-0.70%	13.53%	47.24	4.55	13.56%	10.15%
PDCO	2.5B	6.4B	-14.06%	-14.67%	12.88	0.39	-0.52%	17.01%
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%
BKD	524.3M	2.8B	-3.12%	-59.80%	-2.2	0.19	2.43%	-140.13%

Financials for Molina Healthcare

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	2.6%	31,974	31,160	30,273	29,019	27,771
S&GA Expenses	2.2%	2,311	2,261	2,233	2,166	2,068
Costs and Expenses	3.0%	30,801	29,901	29,128	27,962	26,751
EBITDA	-3.5%	1,349	1,398	1,271	1,170	-
EBITDA Margin	-6.0%	0.04*	0.04*	0.04*	0.04*	-
Earnings Before Taxes	-5.2%	1,063	1,121	1,005	914	875
EBT Margin	-7.6%	0.03*	0.04*	0.03*	0.03*	-
Interest Expenses	-2.7%	110	113	115	118	120
Net Income	-5.6%	792	839	752	689	659
Net Income Margin	-8.0%	0.02*	0.03*	0.02*	0.02*	-
Free Cahsflow	-53.9%	682	1,480	1,691	1,830	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	-3.7%	12,314	12,793	12,572	12,360	12,209
Current Assets	-3.9%	10,084	10,492	10,332	10,146	10,064
Cash Equivalents	-5.6%	4,006	4,242	4,312	4,804	4,438
Liabilities	-4.1%	9,350	9,752	9,742	9,566	9,579
Current Liabilities	-5.3%	6,855	7,242	7,225	7,041	7,047
LT Debt, Non Current	0.0%	2,176	2,175	2,175	2,174	2,173
Shareholder's Equity	-2.5%	2,964	3,041	2,830	2,794	2,630
Retained Earnings	-4.8%	2,796	2,937	2,707	2,657	2,399
Additional Paid-In Capital	13.5%	328	289	251	218	236
Accumulated Depreciation	-	632	-	-	-	-
Shares Outstanding	0%	58.00	58.00	58.00	59.00	58.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-51.1%	773	1,582	1,789	1,914	2,119
Share Based Compensation	0%	103	103	94.00	82.00	72.00
Cashflow From Investing	46.8%	-790	-1,485	-1,836	-1,492	-1,653
Cashflow From Financing	-86.1%	-441	-237	-251	-53.00	-183
Buy Backs	100.0%	400	200	200	6.00	128

Risks for MOH

What is the probability of a big loss on MOH?

74.6%

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

13.8%

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

Probability that Molina Healthcare 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 MOH drawdown profile look like?

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

Drawdowns

Returns for MOH

Cumulative Returns on MOH

23.0%

10-Year Cumulative Returns

22.0%

7-Year Cumulative Returns

27.7%

5-Year Cumulative Returns

21.2%

3-Year Cumulative Returns

What are the long-term rolling returns for MOH?

FIve years rolling returns for Molina Healthcare.

Annualized Returns

Which funds bought or sold MOH recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	reduced	-1.31	-4,939	347,061	0.01%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-7.99	-21,715,200	253,771,000	0.28%
2023-03-08	SHEETS SMITH WEALTH MANAGEMENT	unchanged	-	834	335,834	0.05%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-19.99	-653,000	2,623,000	0.01%
2023-02-28	Voya Investment Management LLC	reduced	-15.71	-2,614,580	14,133,400	0.02%
2023-02-27	ST GERMAIN D J CO INC	new	-	36,324	36,324	0.01%
2023-02-24	NATIXIS	added	100	7,589,810	15,151,800	0.09%
2023-02-24	National Pension Service	reduced	-1.73	-629,874	30,982,600	0.06%
2023-02-24	SRS Capital Advisors, Inc.	reduced	-25.00	-9.00	991	-%
2023-02-23	Chesapeake Wealth Management	reduced	-59.98	-518,600	346,400	0.15%

Latest Funds Activity

Are funds buying MOH calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own MOH

No. of Funds

Molina Healthcare News

Schedule 13G FIlings of Molina Healthcare

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	price t rowe associates inc /md/	4.1%	2,374,111	SC 13G/A
Feb 13, 2023	capital world investors	7.2%	4,197,757	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G
Feb 09, 2023	vanguard group inc	11.32%	6,613,211	SC 13G/A
Feb 06, 2023	wellington management group llp	3.17%	1,853,625	SC 13G/A
Feb 03, 2023	blackrock inc.	8.4%	4,919,391	SC 13G/A
Apr 08, 2022	vanguard group inc	10.99%	6,449,375	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	7.0%	4,061,719	SC 13G/A
Feb 11, 2022	capital world investors	9.1%	5,339,026	SC 13G/A
Feb 04, 2022	wellington management group llp	5.08%	2,968,697	SC 13G

MOH Fair Value

Molina Healthcare fair value in different scenarios

The table shows the Fair Value estimates for Molina Healthcare 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	182.22 -30.92%	270.58 2.58%	472.96 79.30%	772.27 192.77%	943.28 257.60%
Current Inflation	168.88 -35.98%	245.29 -7.01%	418.36 58.60%	671.82 154.69%	814.31 208.71%
Very High Inflation	152.24 -42.29%	214.67 -18.62%	354.04 34.22%	555.41 110.56%	666.09 152.52%

Historical Molina Healthcare Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Molina Healthcare

View All Filings

Date Filed	Form Type	Document
Mar 06, 2023	8-K	Current Report
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	4	Insider Trading
Feb 14, 2023	SC 13G/A	Major Ownership Report
Feb 13, 2023	10-K	Annual Report

Latest Insider Trading transactions for MOH

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-03	COOPERMAN DANIEL	sold	-1,383,830	276	-5,000	-
2023-03-03	COOPERMAN DANIEL	acquired	165,100	33.02	5,000	-
2023-03-01	WOYS JAMES	acquired	6,762,040	273	24,697	evp, health plan services
2023-03-01	Keim Mark Lowell	sold (taxes)	-3,751,200	273	-13,708	chief financial officer
2023-03-01	Keim Mark Lowell	acquired	8,280,880	273	30,324	chief financial officer
2023-03-01	WOYS JAMES	sold (taxes)	-2,506,090	273	-9,153	evp, health plan services
2023-03-01	Russo Marc	sold (taxes)	-5,689,560	273	-20,780	evp, health plans
2023-03-01	HEBERT MAURICE	sold (taxes)	-378,392	273	-1,382	chief accounting officer
2023-03-01	Zubretsky Joseph M	sold (taxes)	-21,444,800	273	-78,323	president & ceo
2023-03-01	Russo Marc	acquired	12,885,600	273	47,062	evp, health plans

About Molina Healthcare

Joseph M. Zubretsky

www.molinahealthcare.com

14000

Molina Healthcare, Inc. provides managed health care services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. It operates in four segments, Medicaid, Medicare, Marketplace, and Other. As of December 31, 2021, the company served the company served approximately 5.2 million members eligible for Medicaid, Medicare, and other government-sponsored healthcare programs in 18 states. The company was founded in 1980 and is headquartered in Long Beach, California.

MOH Income Statement

2022-09-30

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenue:
Premium revenue	$ 7,636	$ 6,800	$ 22,966	$ 19,689
Premium tax revenue	223	204	646	576
Investment income	49	20	82	39
Other revenue	19	16	57	58
Total revenue	7,927	7,040	23,751	20,362
Operating expenses:
Medical care costs	6,748	6,049	20,183	17,342
General and administrative expenses	560	532	1,682	1,489
Premium tax expenses	223	204	646	576
Depreciation and amortization	45	32	129	96
Other	16	2	43	30
Total operating expenses	7,592	6,819	22,683	19,533
Operating income	335	221	1,068	829
Other expenses, net:
Interest expense	28	30	83	90
Total other expenses, net	28	30	83	90
Income before income tax expense	307	191	985	739
Income tax expense	77	48	249	183
Net income	$ 230	$ 143	$ 736	$ 556
Net income per share:
Net income per share - Basic (in dollars per share)	$ 4.00	$ 2.49	$ 12.74	$ 9.63
Net income per share - Diluted (in dollars per share)	$ 3.95	$ 2.46	$ 12.58	$ 9.51

MOH Balance Sheet

2022-09-30

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 4,242	$ 4,438
Investments	3,639	3,202
Receivables	2,220	2,177
Prepaid expenses and other current assets	391	247
Total current assets	10,492	10,064
Property, equipment, and capitalized software, net	412	396
Goodwill, and intangible assets, net	1,263	1,252
Restricted investments	242	212
Deferred income taxes	198	106
Other assets	186	179
Total assets	12,793	12,209
Current liabilities:
Medical claims and benefits payable	3,622	3,363
Amounts due government agencies	2,139	2,472
Accounts payable, accrued liabilities and other	818	842
Deferred revenue	663	370
Total current liabilities	7,242	7,047
Long-term debt	2,175	2,173
Finance lease liabilities	217	219
Other long-term liabilities	118	140
Total liabilities	9,752	9,579
Stockholders’ equity:
Common stock, $0.001 par value, 150 million shares authorized; outstanding: 58 million shares at September 30, 2022 and December 31, 2021	0	0
Preferred stock, $0.001 par value; 20 million shares authorized, no shares issued and outstanding	0	0
Additional paid-in capital	289	236
Accumulated other comprehensive loss	(185)	(5)
Retained earnings	2,937	2,399
Total stockholders’ equity	3,041	2,630
Total liabilities and stockholders’ equity	$ 12,793	$ 12,209