MPLN - MultiPlan Corporation Stock Price, Fair Value and News

0.73USD-0.03 (-3.95%)Delayed as of 16 Apr 2024, 12:54 pm ET

Market Summary

USD0.73-0.03

Delayedas of 16 Apr 2024, 12:54 pm

-3.95%

MPLN Stock Price

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MPLN RSI Chart

MPLN Valuation

Market Cap

489.7M

Price/Earnings (Trailing)

-5.34

Price/Sales (Trailing)

0.51

EV/EBITDA

16.32

Price/Free Cashflow

7.79

MPLN Price/Sales (Trailing)

MPLN Profitability

EBT Margin

-11.14%

Return on Equity

-5.37%

Return on Assets

-1.32%

Free Cashflow Yield

12.84%

MPLN Fundamentals

MPLN Revenue

Revenue (TTM)

961.5M

Rev. Growth (Yr)

1.26%

Rev. Growth (Qtr)

0.55%

MPLN Earnings

Earnings (TTM)

-91.7M

Earnings Growth (Yr)

95.17%

Earnings Growth (Qtr)

-30.01%

Breaking Down MPLN Revenue

52 Week Range

0.612.29

(Low)(High)

Last 7 days

-10.6%

Last 30 days

7.0%

Last 90 days

-36.1%

Trailing 12 Months

-30.9%

How does MPLN drawdown profile look like?

MPLN Financial Health

Current Ratio

1.16

Debt/Equity

2.65

Debt/Cashflow

0.04

MPLN Investor Care

Shares Dilution (1Y)

0.81%

Diluted EPS (TTM)

-0.14

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	1.0B	966.1M	958.5M	961.5M
2022	1.2B	1.2B	1.1B	1.1B
2021	940.6M	1.0B	1.1B	1.1B
2020	989.9M	951.1M	928.8M	937.8M
2019	1.0B	1.0B	997.4M	982.9M
2018	0	0	0	1.0B

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 MultiPlan Corporation

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 29, 2024	doctoroff jeffrey	sold (taxes)	-2,252	0.81	-2,781	evp, general counsel
Mar 29, 2024	kim michael	sold (taxes)	-2,033	0.81	-2,510	svp, chief information officer
Mar 29, 2024	kozel gerald	sold (taxes)	-2,395	0.81	-2,958	svp, chief accounting officer
Mar 29, 2024	white dale a.	sold (taxes)	-16,297	0.81	-20,120	executive chair
Mar 11, 2024	hogge jerome	acquired	-	-	1,041,670	evp, chief operating officer
Mar 01, 2024	carol nutter	sold (taxes)	-51,615	1.11	-46,500	svp, chief people officer
Mar 01, 2024	white dale a.	acquired	749,999	1.11	675,675	executive chair
Mar 01, 2024	doctoroff jeffrey	sold (taxes)	-79,568	1.11	-71,683	evp, general counsel
Mar 01, 2024	head james m	acquired	1,540,000	1.11	1,387,390	evp & chief financial officer
Mar 01, 2024	head james m	sold (taxes)	-251,967	1.11	-226,997	evp & chief financial officer

Which funds bought or sold MPLN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 11, 2024	Ballentine Partners, LLC	sold off	-100	-14,691	-	-%
Apr 05, 2024	CWM, LLC	new	-	-	-	-%
Mar 27, 2024	NOMURA HOLDINGS INC	unchanged	-	-3,720	26,010	-%
Mar 27, 2024	NOMURA HOLDINGS INC	added	25.18	783,088	11,520,000	0.03%
Mar 22, 2024	PNC FINANCIAL SERVICES GROUP, INC.	unchanged	-	-77.00	462	-%
Mar 11, 2024	VANGUARD GROUP INC	reduced	-1.25	-9,552,290	52,651,800	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	added	5.27	-335,319	3,097,160	-%
Feb 28, 2024	AMERICAN INTERNATIONAL GROUP, INC.	reduced	-2.27	-53,372	275,471	-%
Feb 26, 2024	Virtu Financial LLC	new	-	99,000	99,000	0.01%
Feb 16, 2024	HARBOUR INVESTMENTS, INC.	unchanged	-	-96.00	576	-%

Are Funds Buying or Selling MPLN?

Are funds buying MPLN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MPLN

No. of Funds

Unveiling MultiPlan Corporation's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	klein michael stuart	5.7%	38,282,464	SC 13G/A
Feb 13, 2024	vanguard group inc	5.63%	36,563,785	SC 13G/A
Feb 12, 2024	public investment fund	9.5%	61,750,000	SC 13G/A
Feb 14, 2023	klein michael stuart	5.8%	38,282,464	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	0.1%	322,460	SC 13G/A
Feb 09, 2023	vanguard group inc	5.10%	32,613,544	SC 13G/A
May 13, 2022	hellman & friedman investors viii, l.p.	23.5%	150,270,487	SC 13D/A
Feb 14, 2022	price t rowe associates inc /md/	5.7%	37,322,747	SC 13G/A
Feb 11, 2022	gic private ltd	7.77%	49,612,794	SC 13G/A
Feb 11, 2022	klein michael stuart	7.8%	52,019,016	SC 13G/A

Recent SEC filings of MultiPlan Corporation

View All Filings

Date Filed	Form Type	Document
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Mar 29, 2024	8-K	Current Report
Mar 13, 2024	DEF 14A	DEF 14A
Mar 13, 2024	DEFA14A	DEFA14A
Mar 12, 2024	3	Insider Trading
Mar 12, 2024	4	Insider Trading
Mar 07, 2024	8-K	Current Report

Peers (Alternatives to MultiPlan Corporation)

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%

MultiPlan Corporation News

Latest updates

MultiPlan Corporation 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	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	0.5%	244	243	238	237	241	250	290	298	298	288	276	255	255	224	207	252	246	246	246	245	-
Costs and Expenses	0.0%	203	203	203	190	855	214	192	181	189	184	186	173	296	423	187	164	144	165	146	160	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	296	423	187	164	144	165	146	160	-
S&GA Expenses	-2.0%	36.00	37.00	40.00	31.00	36.00	58.00	40.00	33.00	41.00	38.00	40.00	32.00	121	176	36.00	22.00	-	-	-	-	-
EBITDA Margin	195.5%	0.32*	-0.33*	-0.30*	-0.23*	-0.17*	0.42*	0.48*	0.41*	0.42*	0.23*	-0.12*	-0.12*	-	-	-	-	-	-	-	-	-
Interest Expenses	-1.5%	83.00	84.00	82.00	83.00	82.00	77.00	73.00	71.00	72.00	68.00	64.00	64.00	76.00	82.00	86.00	91.00	-	-	-	-	-
Income Taxes	94.4%	-0.39	-6.87	-9.79	2.00	2.00	-10.69	6.00	14.00	10.00	20.00	-8.80	13.00	45.00	-1.08	-9.46	-0.68	-	-	-	-	-
Earnings Before Taxes	-2.6%	-31.82	-31.02	-46.16	2.00	-647	9.00	20.00	58.00	34.00	98.00	-55.73	59.00	494	-289	-65.70	-3.28	-	-	-	-	-
EBT Margin	85.2%	-0.11*	-0.75*	-0.71*	-0.61*	-0.52*	0.11*	0.18*	0.12*	0.12*	-0.08*	-0.47*	-0.52*	-	-	-	-	-	-	-	-	-
Net Income	-30.0%	-31.39	-24.14	-36.37	0.00	-650	20.00	14.00	44.00	25.00	78.00	-46.93	46.00	-173	-288	-56.25	-2.59	12.00	5.00	1.00	-8.36	-
Net Income Margin	87.1%	-0.10*	-0.74*	-0.69*	-0.61*	-0.53*	0.09*	0.14*	0.09*	0.09*	-0.09*	-0.46*	-0.50*	-	-	-	-	-	-	-	-	-
Free Cashflow	-107.3%	-3.64	50.00	-24.31	41.00	2.00	88.00	22.00	170	6.00	147	15.00	153	-	-	-	-	-	-	-	-	-

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
Assets	-1.3%	6,965	7,058	7,136	7,215	7,371	8,192	8,216	8,276	8,220	8,279	8,339	8,355	8,284	1,108	1,108	1,108	8,360
Current Assets	-8.5%	194	212	209	371	447	529	469	455	319	306	281	212	209	3.00	3.00	4.00	116
Cash Equivalents	-29.4%	72.00	101	90.00	266	334	439	354	351	185	225	148	135	127	204	179	250	22.00
Goodwill	0%	3,829	3,829	3,829	3,705	3,705	4,363	4,363	4,363	4,363	4,365	4,366	4,366	4,257	-	-	-	4,142
Liabilities	-1.0%	5,256	5,308	5,368	5,427	5,581	5,755	5,807	5,884	5,876	5,923	6,004	5,979	5,726	5,888	6,050	6,213	6,375
Current Liabilities	-2.9%	167	172	147	156	176	230	148	202	142	167	112	216	112	9.00	2.00	0.00	86.00
Long Term Debt	-0.6%	4,533	4,558	4,604	4,604	4,742	4,877	4,878	4,878	4,879	4,893	4,882	4,879	4,578	-	-	-	5,397
LT Debt, Current	0%	13.00	13.00	13.00	13.00	13.00	13.00	13.00	13.00	13.00	-	-	-	-	-	-	-	-
Shareholder's Equity	-2.3%	1,709	1,750	1,769	1,788	1,791	2,437	2,409	2,391	2,345	2,355	2,335	2,377	2,558	1,938	1,964	1,992	1,985
Retained Earnings	-6.7%	-499	-467	-443	-347	-347	302	283	269	225	200	122	169	117	-6.96	2.00	3.00	638
Additional Paid-In Capital	0.2%	2,349	2,343	2,339	2,334	2,330	2,327	2,318	2,314	2,312	2,308	2,305	2,298	2,530	12.00	3.00	2.00	1,348
Shares Outstanding	-0.2%	648	649	649	635	639	639	639	638	651	654	655	655	-	-	-	-	-
Float	-	-	-	865	-	-	-	1,453	-	-	-	2,566	-	-	-	1,187	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																		(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2018Q4
Cashflow From Operations	-61.6%	28.00	72.00	8.00	64.00	28.00	109	41.00	195	33.00	167	33.00	171	45.00	140	44.00	147	-	-
Share Based Compensation	-3.6%	5.00	5.00	5.00	4.00	5.00	4.00	4.00	3.00	5.00	5.00	7.00	1.00	106	262	28.00	9.00	-	-
Cashflow From Investing	-42.1%	-31.34	-22.06	-173	-23.10	-25.53	-20.81	-33.94	-24.16	-27.18	-20.35	-18.45	-162	-60.52	-115	-17.53	-17.34	-	-
Cashflow From Financing	41.4%	-22.48	-38.34	-10.74	-109	-103	-3.49	-3.55	-5.27	-42.84	-69.52	-2.09	-0.23	-61.61	-0.02	-97.96	98.00	0.00	-
Buy Backs	-	2.00	-	7.00	6.00	-	-	-	-	39.00	59.00	2.00	0.00	101	-	-	-	-	-

MPLN Income Statement

2023-12-31

Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenues	$ 961,524	$ 1,079,716	$ 1,117,602
Costs of services (exclusive of depreciation and amortization of intangible assets shown below)	235,468	204,098	175,292
General and administrative expenses	144,057	166,837	151,095
Depreciation	77,323	68,756	64,885
Amortization of intangible assets	342,694	340,536	340,210
Loss on impairment of goodwill and intangible assets	0	662,221	0
Total expenses	799,542	1,442,448	731,482
Operating income (loss)	161,982	(362,732)	386,120
Interest expense	333,208	303,401	267,475
Interest income	(8,233)	(3,500)	(30)
(Gain) loss on extinguishment of debt	(53,968)	(34,551)	15,843
Gain on investments	0	(289)	(25)
Gain on change in fair value of Private Placement Warrants and Unvested Founder Shares	(1,965)	(67,050)	(32,596)
Net (loss) income before taxes	(107,060)	(560,743)	135,453
(Benefit) provision for income taxes	(15,363)	12,169	33,373
Net (loss) income	$ (91,697)	$ (572,912)	$ 102,080
Earnings Per Share, Basic, Other Disclosure [Abstract]
Weighted average shares outstanding – Basic (in shares)	645,134,657	638,925,689	651,006,567
Weighted average shares outstanding – Diluted (in shares)	645,134,657	638,925,689	651,525,791
Earnings Per Share, Basic [Abstract]
Net (loss) income per share – Basic (in usd per share)	$ (0.14)	$ (0.90)	$ 0.16
Net (loss) income per share – Diluted (in usd per share)	$ (0.14)	$ (0.90)	$ 0.16
Unrealized loss on interest rate swap, net of tax	$ (11,778)	$ 0	$ 0
Comprehensive (loss) income	$ (103,475)	$ (572,912)	$ 102,080

MPLN Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 71,547	$ 334,046
Restricted cash	9,947	6,513
Trade accounts receivable, net	76,558	78,907
Prepaid expenses	23,432	22,244
Prepaid taxes	1,364	1,351
Other current assets, net	10,745	3,676
Total current assets	193,593	446,737
Property and equipment, net	267,429	232,835
Operating lease right-of-use assets	19,680	24,237
Goodwill	3,829,002	3,705,199
Other intangibles, net	2,633,207	2,940,201
Other assets, net	21,776	21,895
Total assets	6,964,687	7,371,104
Current liabilities:
Accounts payable	19,590	13,295
Accrued interest	56,827	57,982
Operating lease obligation, short-term	4,792	6,363
Current portion of long-term debt	13,250	13,250
Accrued compensation	44,720	34,568
Accrued legal contingencies	12,123	33,923
Other accrued expenses	15,437	16,463
Total current liabilities	166,739	175,844
Long-term debt	4,532,733	4,741,856
Operating lease obligation, long-term	17,124	20,894
Private Placement Warrants and Unvested Founder Shares	477	2,442
Deferred income taxes	521,707	639,498
Other liabilities	16,783	28
Total liabilities	5,255,563	5,580,562
Commitments and contingencies (Note 13)
Shareholders’ equity:
Preferred stock, $0.0001 par value — 10,000,000 shares authorized; no shares issued	0	0
Common stock, $0.0001 par value — 1,500,000,000 shares authorized; 667,808,296 and 666,290,344 issued; 648,319,379 and 639,172,938 shares outstanding	67	67
Additional paid-in capital	2,348,505	2,330,444
Accumulated other comprehensive loss	(11,778)	0
Retained deficit	(499,307)	(347,800)
Treasury stock — 19,488,917 and 27,117,406 shares	(128,363)	(192,169)
Total shareholders’ equity	1,709,124	1,790,542
Total liabilities and shareholders’ equity	$ 6,964,687	$ 7,371,104

About MultiPlan Corporation

MultiPlan Corporation, together with its subsidiaries, provides data analytics and technology-enabled cost management, payment, and revenue integrity solutions to the healthcare industry in the United States. The company offers analytics-based services that reduce medical costs, through data-driven algorithms and insights that detect claims over-charges and negotiate or recommend reimbursement; and network-based services that provide contracted discounts with healthcare providers, as well as outsourced network development and management services. It also provides payment and revenue integrity services, such as identifying and removing improper and unnecessary charges paid during the claim, as well as services to identify and help restore and preserve underpaid premium dollars. The company serves national and regional insurance companies, Blue Cross and Blue Shield plans, provider-sponsored and independent health plans, TPAs, self-insured health plans, property and casualty insurers, bill review companies, and other companies involved in the claim adjudication process. MultiPlan Corporation was founded in 1980 and is headquartered in New York, New York.

CEO	Mr. Dale A. White
WEBSITE	multiplan.us
INDUSTRY	Healthcare Plans
EMPLOYEES	2500

MultiPlan Corporation Frequently Asked Questions

What is the ticker symbol for MultiPlan Corporation? What does MPLN stand for in stocks?

MPLN is the stock ticker symbol of MultiPlan Corporation. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of MultiPlan Corporation (MPLN)?

As of Mon Apr 15 2024, market cap of MultiPlan Corporation is 489.72 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MPLN stock?

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

What is the fair value of MPLN stock?

You can check MPLN's fair value in chart for subscribers. The fair value of MultiPlan Corporation 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 MultiPlan Corporation 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 MPLN 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 MultiPlan Corporation a good stock to buy?

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

What is MultiPlan Corporation's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Apr 15 2024, MPLN's PE ratio (Price to Earnings) is -5.34 and Price to Sales (PS) ratio is 0.51. 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. MPLN PE ratio will change depending on the future growth rate expectations of investors.