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RadNet Inc Stock Research

RDNT

20.36USD-0.03(-0.15%)Market Closed

Market Summary

USD20.36-0.03
Market Closed
-0.15%

RDNT Stock Price

RDNT RSI Chart

RDNT Valuation

Market Cap

1.2B

Price/Earnings (Trailing)

150.26

Price/Sales (Trailing)

0.85

EV/EBITDA

5.44

Price/Free Cashflow

8.22

RDNT Price/Sales (Trailing)

RDNT Profitability

EBT Margin

2.83%

Return on Equity

2.48%

Return on Assets

0.35%

Free Cashflow Yield

12.17%

RDNT Fundamentals

RDNT Revenue

Revenue (TTM)

1.4B

Revenue Y/Y

5.22%

Revenue Q/Q

-1.22%

RDNT Earnings

Earnings (TTM)

7.8M

Earnings Y/Y

-95.88%

Earnings Q/Q

-91.55%

Price Action

52 Week Range

12.0326.84
(Low)(High)

Last 7 days

-1.3%

Last 30 days

12.6%

Last 90 days

6.4%

Trailing 12 Months

-15.6%

RDNT Financial Health

Current Ratio

0.79

RDNT Investor Care

Shares Dilution (1Y)

8.48%

Diluted EPS (TTM)

0.11

Peers (Alternatives to RadNet)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
72.3B
59.8B
7.77% 11.91%
13.45
1.21
3.14% -18.15%
22.8B
15.3B
9.96% -3.47%
12.98
1.49
-39.13% -36.44%
16.9B
10.3B
-6.95% 9.46%
13.68
1.64
-6.81% -43.45%
10.5B
13.2B
4.19% 14.96%
14.25
0.8
6.21% -30.27%
MID-CAP
6.1B
5.9B
4.69% 26.49%
22.29
1.03
24.45% -32.81%
5.1B
2.9B
-2.11% 24.48%
23.8
1.74
13.49% 10.78%
4.8B
2.3B
-2.49% 37.37%
57.41
2.08
6.43% -45.22%
4.2B
5.5B
-6.29% -2.86%
8.73
0.76
68.51% 116.77%
3.2B
430.8M
23.72% -48.90%
-5.49
7.48
25.27% -44.75%
3.0B
2.2B
13.61% -25.33%
25.02
1.36
0.68% -45.06%
SMALL-CAP
1.2B
1.4B
12.61% -15.62%
150.26
0.85
6.94% -77.50%
552.4M
2.8B
8.46% -42.72%
-1.88
0.2
-6.67% -377.23%
68.7M
98.8M
10.16% -55.66%
-2.58
0.7
-14.50% -605.55%
45.2M
45.4M
15.90% -68.20%
-1.13
0.99
-5.93% -72.41%
31.3M
26.0M
12.81% -22.38%
-15.53
1.21
9.09% -588.38%

Financials for RadNet

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue1.3%1,3791,3621,3421,3151,290
Operating Expenses3.3%1,3531,3101,2811,2421,198
EBITDA-6.1%197210199204-
EBITDA Margin-7.3%0.14*0.15*0.15*0.16*-
Earnings Before Taxes-31.3%3957515972
EBT Margin-32.2%0.03*0.04*0.04*0.04*-
Interest Expenses0.8%4747484949
Net Income-66.7%823182535
Net Income Margin-67.1%0.01*0.02*0.01*0.02*-
Free Cahsflow-9.3%142157122149-
* denotes actual numbers (not divided by Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets0.3%2,2472,2412,1422,0582,042
  Current Assets1.7%325319289324340
    Cash Equivalents-4.2%959971135151
  Net PPE0.2%516515489484452
  Goodwill-0.5%575578570514503
Liabilities0.0%1,7891,7891,7201,7121,703
  Current Liabilities1.2%409405381375371
Shareholder's Equity-30.7%313451421229339
  Retained Earnings0.8%-81.69-82.35-90.26-93.27-89.45
  Additional Paid-In Capital1.2%424419410343336
Shares Outstanding0.0%5757565453
Minority Interest4.4%145139123117115
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-9.3%142157122149164
  Share Based Compensation-4.6%2324282524
Cashflow From Investing6.5%-185.05-197.84-195.73-221.51-197.47
Cashflow From Financing-679.1%-13.74-1.7611310596

Risks for RDNT

What is the probability of a big loss on RDNT?

73.5%


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

58.9%


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

36.9%


Probability that RadNet 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 RDNT drawdown profile look like?

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

Drawdowns

Returns for RDNT

Cumulative Returns on RDNT

20.5%


10-Year Cumulative Returns

19.1%


7-Year Cumulative Returns

14.6%


5-Year Cumulative Returns

-3.3%


3-Year Cumulative Returns

What are the long-term rolling returns for RDNT?

FIve years rolling returns for RadNet.

Annualized Returns

Which funds bought or sold RDNT recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-01-26
State of Tennessee, Treasury Department
added
104.06
397,000
680,000
-%
2023-01-26
Vigilant Capital Management, LLC
unchanged
-
-1,000
19,000
-%
2023-01-26
OREGON PUBLIC EMPLOYEES RETIREMENT FUND
added
0.34
-23,464
305,536
-%
2023-01-26
COMERICA BANK
reduced
-22.15
-125,000
578,000
-%
2023-01-25
Alpha Cubed Investments, LLC
unchanged
-
-22,608
283,392
0.02%
2023-01-25
Lindbrook Capital, LLC
sold off
-100
-2,000
-
-%
2023-01-25
FIFTH THIRD BANCORP
added
34.74
820
4,820
-%
2023-01-25
Steel Peak Wealth Management LLC
unchanged
-
-30,400
376,600
0.03%
2023-01-24
NATIONAL BANK OF CANADA /FI/
new
-
979,160
979,160
-%
2023-01-24
Louisiana State Employees Retirement System
reduced
-0.43
-37,000
437,000
0.01%

1–10 of 46

Latest Funds Activity

Are funds buying RDNT calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own RDNT
No. of Funds

RadNet News

Stocks Register

NeoGenomics Inc. (NEO) Crosses $11.51: At This Price, The Risk ....

Stocks Register,
19 hours ago

Simply Wall St

Radiology Business

Simply Wall St

Seeking Alpha

Schedule 13G FIlings of RadNet

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Jan 23, 2023
blackrock inc.
12.2%
6,976,634
SC 13G/A
Feb 10, 2022
vanguard group inc
5.89%
3,145,333
SC 13G/A
Jan 27, 2022
blackrock inc.
12.0%
6,410,361
SC 13G/A
Jan 25, 2022
blackrock inc.
12.0%
6,410,361
SC 13G/A
Aug 03, 2021
jb capital partners lp
4.02%
2,117,095
SC 13D/A
Feb 10, 2021
vanguard group inc
5.18%
2,673,250
SC 13G/A
Feb 08, 2021
fmr llc
-
0
SC 13G/A
Jan 27, 2021
blackrock inc.
12.7%
6,540,626
SC 13G/A
Feb 14, 2020
moab capital partners llc
0%
0
SC 13G/A
Feb 11, 2020
vanguard group inc
5.09%
2,560,767
SC 13G

RDNT Fair Value

Recent SEC filings of RadNet

View All Filings
Date Filed Form Type Document
Jan 23, 2023
SC 13G/A
Major Ownership Report
Jan 05, 2023
4
Insider Trading
Jan 05, 2023
4
Insider Trading
Jan 05, 2023
4
Insider Trading
Jan 05, 2023
4
Insider Trading
Jan 05, 2023
4
Insider Trading
Jan 05, 2023
4
Insider Trading
Jan 05, 2023
4
Insider Trading
Jan 05, 2023
4
Insider Trading
Jan 05, 2023
4
Insider Trading

Latest Insider Trading transactions for RDNT

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-01-03
Murdock Michael N
acquired
-
-
15,790
evp. chief development offcr
2023-01-03
Patel Mital
acquired
-
-
15,423
evp, chief admin officer
2023-01-03
Jayanathan Ranjan
acquired
-
-
26,316
chief information officer
2023-01-03
Gordon Christine Nayoma
acquired
-
-
8,772
-
2023-01-03
Forthuber Stephen M
acquired
-
-
17,435
pres & coo-eastern operations
2022-12-19
HAMES NORMAN R
sold
-97,225
19.445
-5,000
pres and coo-west operations
2022-12-19
Gordon Christine Nayoma
sold
-58,695
19.565
-3,000
-
2022-12-08
Levitt Lawrence L
gifted
-
-
-9,300
-
2022-06-08
Jacobs Laura Pastre
acquired
-
-
6,269
-
2022-06-08
Levitt Lawrence L
acquired
-
-
6,269
-

1–10 of 50

Howard G. Berger
8970
RadNet, Inc., together with its subsidiaries, provides outpatient diagnostic imaging services in the United States. Its services include magnetic resonance imaging, computed tomography, positron emission tomography, nuclear medicine, mammography, ultrasound, diagnostic radiology, fluoroscopy, and other related procedures, as well as multi-modality imaging services. The company also develops and sells computerized systems for the diagnostic imaging industry, including picture archiving communications systems and related services; and develops and deploys AI suites to enhance radiologist interpretation of images in the field of mammography, as well as AI solutions for lung and prostate cancer. As of December 31, 2021, it owned and managed 347 centers in Arizona, California, Delaware, Florida, Maryland, New Jersey, and New York. The company was founded in 1981 and is headquartered in Los Angeles, California.

RDNT Income Statement

2022-09-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUE    
Total service revenue$ 350,044$ 332,690$ 1,046,185$ 981,928
Provider relief funding0006,291
OPERATING EXPENSES    
Cost of operations, excluding depreciation and amortization313,943272,756934,757838,609
Depreciation and amortization29,22924,60685,20971,272
(Gain) loss on sale and disposal of equipment and other(247)2,595962(279)
Severance costs195163496715
Total operating expenses343,120300,1201,021,424910,317
INCOME FROM OPERATIONS6,92432,57024,76177,902
OTHER INCOME AND EXPENSES    
Interest expense12,42012,03235,39837,028
Equity in earnings of joint ventures(3,085)(2,853)(8,350)(8,259)
Non-cash change in fair value of interest rate swaps(12,451)(2,870)(39,576)(14,149)
Debt restructuring and extinguishment expenses0006,044
Other expenses (income)1,405(167)1,5621,699
Total other (income) expenses(1,711)6,142(10,966)22,363
INCOME BEFORE INCOME TAXES8,63526,42835,72755,539
Provision for income taxes(2,188)(5,284)(7,087)(12,534)
NET INCOME6,44721,14428,64043,005
Net income attributable to noncontrolling interests5,7794,92417,05514,455
NET INCOME ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS$ 668$ 16,220$ 11,585$ 28,550
BASIC NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share)$ 0.01$ 0.31$ 0.21$ 0.55
DILUTED NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share)$ 0.01$ 0.30$ 0.19$ 0.54
WEIGHTED AVERAGE SHARES OUTSTANDING    
Basic (in shares)56,744,41952,810,64456,041,01752,323,360
Diluted (in shares)57,651,76153,817,84057,036,41753,249,698
Service fee revenue    
REVENUE    
Total service revenue$ 312,043$ 295,407$ 931,819$ 870,479
Revenue under capitation arrangements    
REVENUE    
Total service revenue$ 38,001$ 37,283$ 114,366$ 111,449

RDNT Balance Sheet

2022-09-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS  
Cash and cash equivalents$ 95,006$ 134,606
Accounts receivable172,507135,062
Due from affiliates3,6485,384
Prepaid expenses and other current assets53,34449,212
Total current assets324,505324,264
PROPERTY, EQUIPMENT AND RIGHT-OF-USE ASSETS  
Property and equipment, net515,569484,247
Operating lease right-of-use assets631,338584,291
Total property, equipment and right-of-use assets1,146,9071,068,538
OTHER ASSETS  
Goodwill575,092513,820
Other intangible assets88,64056,603
Deferred financing costs1,7582,135
Investment in joint ventures52,02042,229
Deferred tax assets3,51214,853
Deposits and other54,73036,032
Total assets2,247,1642,058,474
CURRENT LIABILITIES  
Accounts payable, accrued expenses and other296,333263,937
Due to affiliates31,66423,530
Deferred revenue3,56510,701
Current operating lease liability66,87265,452
Current portion of notes payable10,78911,164
Total current liabilities409,223374,784
LONG-TERM LIABILITIES  
Long-term operating lease liability625,278577,675
Notes payable, net of current portion735,500743,498
Other non-current liabilities18,77316,360
Total liabilities1,788,7741,712,317
EQUITY  
Common stock - $0.0001 par value, 200,000,000 shares authorized; 57,290,756 and 53,548,227 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively55
Additional paid-in-capital424,369342,592
Accumulated other comprehensive loss(29,680)(20,421)
Accumulated deficit(81,688)(93,272)
Total RadNet, Inc.'s stockholders' equity313,006228,904
Noncontrolling interests145,384117,253
Total equity458,390346,157
Total liabilities and equity$ 2,247,164$ 2,058,474