Innovage Holding Corp.

  • Moat Score
  • Safety Score
  • Market Cap $449.36M
  • PE -16
  • Debt $67.89M
  • Cash $46.09M
  • EV $471.15M
  • FCF -$2.68M

Earnings

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Sales & Net Margins

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Earnings-$27.64M
EBIT-$28.13M
ROE-11%
ROA-5%
FCF-$2.68M
Equity$256.34M
Growth Stability1
PE-16.26
PB1.75
P/FCF-167.55
P/S0.56
Price/Cash0.1
Debt/Equity0.26
Debt/FCF-25.31
Net Margins-5%
Gross Margins18%
Op. Margins-3%
Sales Growth YoY11%
Sales Growth QoQ2%
Sales CAGR6%
Equity CAGR11%
Earnings Growth YoY253%
Earnings Growth QoQ136%
Sales CAGR 5Y6%
Equity CAGR 5Y11%
Earnings CAGR 3Y6%
Sales CAGR 3Y6%
Equity CAGR 3Y-10%
Market Cap$449.36M
Revenue$806.61M
Assets$524.78M
Total Debt$67.89M
Cash$46.09M
Shares Outstanding135.35M
EV471.15M
Moat Score8%
Safety Score71%
Working Capital22.98M
Current Ratio1.16
Gross Profit$142.18M
Shares Growth 3y0%
Equity Growth QoQ-5%
Equity Growth YoY-12%

Assets & ROA

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Stockholders Equity & ROE

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InnovAge Holding Corp is a healthcare delivery platform by several participants focused on providing all-inclusive, capitated care to high-cost, dual-eligible seniors. Its patient-centered care delivery approach improves the quality of care while keeping them in their homes and reducing over-utilization of high-cost care settings such as hospitals and nursing homes. The company's segment includes PACE and others. It generates maximum revenue from the PACE segment.

SEC Filings

Direct access to Innovage Holding Corp. (INNV) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-Q Dec 31
    • 10-Q Sep 30
    • 10-K Jun 30
    • 10-Q Mar 31
  • 2023
    • 10-Q Dec 31
    • 10-Q Sep 30
    • 10-K Jun 30
    • 10-Q Mar 31
  • 2022
    • 10-Q Dec 31
    • 10-Q Sep 30
    • 10-K Jun 30
    • 10-Q Mar 31

Sector Comparison

How does Innovage Holding Corp. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Innovage Holding Corp. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

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Innovage Holding Corp. Discounted Cash Flow

Fully customizable DCF calculator online for Innovage Holding Corp..

= -$27M
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fcf-$2.7M-$2.7M-$2.7M-$2.7M-$2.7M-$2.7M-$2.7M-$2.7M-$2.7M-$2.7M-$2.7M-$27M
DCF-$2.4M-$2.2M-$2M-$1.8M-$1.7M-$1.5M-$1.4M-$1.3M-$1.1M-$1M-$10M
Value-$27M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years06/202006/202106/202206/202306/2024TTM
Net Margins5%-7%-1%-6%-3%-5%
ROA--2%-1%-9%-4%-5%
ROE--12%-2%-14%-8%-11%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years06/202006/202106/202206/202306/2024TTM
Debt over FCF--3.23-7.07-23.6-1.56-25.31
Debt over Equity2.010.230.230.240.250.26
Growth Stability-----1

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years06/202006/202106/202206/202306/2024CAGR 5Y
Revenue YoY growth-12%10%-2%11%6%
Earnings YoY growth--274%-82%447%-47%-
Equity YoY growth-232%-5%-11%-8%11%
FCF YoY growth--178%-56%-71%1K%-