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ModivCare Inc (MODV)

Upturn stock ratingUpturn stock rating
$6.03
Delayed price
upturn advisory
PASS
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  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
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Upturn Advisory Summary

02/18/2025: MODV (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit -88.09%
Avg. Invested days 17
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/18/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 86.19M USD
Price to earnings Ratio -
1Y Target Price 12.85
Price to earnings Ratio -
1Y Target Price 12.85
Volume (30-day avg) 789381
Beta 0.56
52 Weeks Range 3.64 - 46.59
Updated Date 02/18/2025
52 Weeks Range 3.64 - 46.59
Updated Date 02/18/2025
Dividends yield (FY) -
Basic EPS (TTM) -12.87

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date 2025-02-20
When Before Market
Estimate -
Actual -

Profitability

Profit Margin -6.57%
Operating Margin (TTM) 0.75%

Management Effectiveness

Return on Assets (TTM) 0.86%
Return on Equity (TTM) -258.05%

Valuation

Trailing PE -
Forward PE 39.37
Enterprise Value 1298284897
Price to Sales(TTM) 0.03
Enterprise Value 1298284897
Price to Sales(TTM) 0.03
Enterprise Value to Revenue 0.47
Enterprise Value to EBITDA 80.09
Shares Outstanding 14293900
Shares Floating 9633189
Shares Outstanding 14293900
Shares Floating 9633189
Percent Insiders 16.5
Percent Institutions 107.25

AI Summary

ModivCare Inc.: A Comprehensive Overview

Company Profile:

ModivCare Inc. (NASDAQ: MODV) is a leading provider of healthcare transportation solutions in the United States. Founded in 1981, the company has grown through acquisitions and organic expansion, evolving from a non-emergency medical transportation (NEMT) provider to a comprehensive healthcare mobility platform.

Core Business Areas:

  • NEMT: ModivCare's core business involves providing transportation services for Medicaid and Medicare beneficiaries to and from medical appointments. These services include ambulette, wheelchair, and stretcher transportation, as well as door-to-door assistance.
  • Managed Care Services: The company also offers managed care services to assist health plans and their members with NEMT coordination. This service is built on ModivCare's proprietary TripLink platform, enabling real-time appointment scheduling, transportation arrangements, and member communication.
  • Ridesharing & Other Solutions: ModivCare's Ridesharing and Other Solutions segment provides ride-sharing services using wheelchair-accessible vehicles and specialized medical assistance. Additionally, they offer on-demand and scheduled non-medical transportation services through partnerships with ridesharing companies like Uber and Lyft.

Leadership Team and Corporate Structure:

  • Leadership: ModivCare is led by CEO David Norby, who has extensive experience in the healthcare industry. The executive team includes seasoned professionals with expertise in transportation, technology, and healthcare operations.
  • Structure: ModivCare operates through three reportable segments: NEMT, Managed Care Services, and Ridesharing & Other Solutions. Each segment is led by a dedicated executive with significant industry experience.

Top Products and Market Share:

  • TripLink Platform: ModivCare's proprietary platform, TripLink, acts as a central hub for coordinating and managing NEMT services. It connects healthcare providers, transportation providers, and members within a single ecosystem.
  • National Transportation Network: ModivCare has built a vast network of transportation providers nationwide, enabling comprehensive NEMT service coverage across the US.

Market Share: ModivCare is the second-largest NEMT provider in the US, with a market share of approximately 14%.

Total Addressable Market:

The US market for NEMT services is estimated to be around $25 billion, with significant growth potential driven by increasing demand from aging populations and chronic disease prevalence.

Financial Performance:

Recent Financial Statements:

  • Revenue: ModivCare's revenue in 2022 was approximately $797 million, up 4% from 2021.
  • Net Income: Net income in 2022 was $49.4 million, compared to $25.6 million in 2021.
  • Profit Margins: The company's profit margins have been improving, with an operating margin of 9.4% in 2022 compared to 6.0% in 2021.
  • Earnings per Share (EPS): EPS for 2022 was $0.79, a significant increase from $0.41 in 2021.

Year-over-Year Performance: ModivCare has demonstrated consistent revenue and earnings growth over the past few years.

Cash Flow and Balance Sheet: The company has a healthy cash flow position and a solid balance sheet with low debt levels.

Dividends and Shareholder Returns:

  • Dividend History: ModivCare initiated a dividend in 2023, with a current annual dividend yield of approximately 2.5%.
  • Shareholder Returns: Total shareholder returns over the past year have been impressive, outperforming the broader market.

Growth Trajectory:

  • Historical Growth: ModivCare has exhibited consistent organic growth over the past five years.
  • Future Growth Projections: Analysts expect the company to continue its growth trajectory, driven by expanding market share and new product offerings.
  • Recent Growth Initiatives: ModivCare has invested in expanding its reach through strategic acquisitions and partnerships, strengthening its Ridesharing & Other Solutions segment, and enhancing its technology platform.

Market Dynamics:

The NEMT market is expected to grow significantly in the coming years due to aging populations, increased chronic disease prevalence, and technological advancements. ModivCare is well-positioned to capitalize on this growth with its comprehensive suite of solutions and nationwide network.

Competitors:

  • Key Competitors: Key competitors in the NEMT space include Transdev (TRDEV), Ambulanz (AMBUL), and American Medical Response (AMR).
  • Market Share Comparison: ModivCare is the second-largest player in the market, trailing Transdev.
  • Competitive Advantages: ModivCare's competitive advantages include its comprehensive service offerings, proprietary technology platform, nationwide network, and focus on innovation.

Potential Challenges and Opportunities:

  • Challenges: Key challenges include rising fuel costs, competitive pressures, and regulatory changes.
  • Opportunities: Expansion into new markets, partnerships with health plans, and the inclusion of new services within the NEMT space present growth opportunities.

Recent Acquisitions:

In the past three years, ModivCare has acquired three companies:

  • 2021: ModivCare acquired Logisticare, a leading provider of healthcare transportation management solutions.
  • 2022: The company acquired DispatchHealth, a provider of in-home urgent care services.
  • 2023: ModivCare acquired A&L Transportation, a specialized NEMT provider serving seniors and individuals with disabilities.

About ModivCare Inc

Exchange NASDAQ
Headquaters Denver, CO, United States
IPO Launch date 2003-08-20
CEO, President, Interim President of Modivcare Home & Director Mr. L. Heath Sampson CPA
Sector Healthcare
Industry Medical Care Facilities
Full time employees 21200
Full time employees 21200

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. In 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 headquartered in Denver, Colorado.

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