National Healthcare Corp

Health Care
Hospital/Nursing Management
www.nhccare.com

Earnings Score
Moat Score
Safety Score

Market Cap $1.46B
PE 14
Debt $144.50M
Cash $96.92M
EV $1.51B
FCF $79.70M

Earnings

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Sales & Net Margins

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Earnings	$101.93M
EBIT	$136.41M
ROE	10%
ROA	9%
FCF	$79.70M
Equity	$983.16M
Growth Stability	24%
PE	14.34
PEG	1.28
PB	1.49
P/FCF	18.34
P/S	1.12
Price/Cash	0.07
Debt/Equity	0.15
Debt/FCF	1.81
Net Margins	8%
Op. Margins	10%
Earnings CAGR	3%
Sales Growth YoY	23%
Sales Growth QoQ	9%
Sales CAGR	3%
FCF CAGR	4%
Equity CAGR	4%
Earnings Stability	0.01
Earnings Growth YoY	-78%
Earnings Growth QoQ	-86%
Earnings CAGR 5Y	11%

Sales CAGR 5Y	4%
FCF CAGR 5Y	-8%
Equity CAGR 5Y	5%
Earnings CAGR 3Y	6%
Sales CAGR 3Y	6%
FCF CAGR 3Y	82%
Equity CAGR 3Y	4%
Market Cap	$1.46B
Revenue	$1.31B
Dividend Yield	3%
Payout Ratio	36%
Assets	$1.52B
Total Debt	$144.50M
Cash	$96.92M
Shares Outstanding	15.39M
EV	1.51B
Earnings Score	6%
Moat Score	89%
Safety Score	66%
Final Score	53%
Working Capital	189.61M
Current Ratio	1.81
Shares Growth 3y	2%
Equity Growth QoQ	-0%
Equity Growth YoY	8%

Assets & ROA

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Stockholders Equity & ROE

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National Healthcare Corp Provides long-term care facilities. Its principal business includes the operation of skilled nursing facilities, assisted living facilities, independent living facilities, and home care programs. The company's activities include providing sub-acute and post-acute skilled nursing care, intermediate nursing care, rehabilitative care, memory and Alzheimer's care, senior living services, and home health care services. In addition, the company also provides management services, accounting, and financial services, as well as insurance services to third-party operators of healthcare facilities. Its reportable segments include Inpatient services, and Home care hospice services. Generating, a majority of its revenue from Inpatient services.

SEC Filings

Direct access to National Healthcare Corp (NHC) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

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

Sector Comparison

How does National Healthcare Corp compare to its competitors?

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Peter Lynch's Chart

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

CAGR 3%

Stability 1%

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National Healthcare Corp Discounted Cash Flow

Fully customizable DCF calculator online for National Healthcare Corp.

Years

Calculation mode

= $1B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$80M	$83M	$86M	$89M	$92M	$96M	$99M	$103M	$107M	$111M	$115M	$1.1B
DCF		$75M	$71M	$67M	$63M	$59M	$56M	$53M	$50M	$47M	$44M	$442M
Value	$1B

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.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	5%	5%	6%	6%	7%	4%	13%	2%	6%	8%	8%
ROA	-	6%	5%	5%	4%	4%	4%	3%	7%	9%	9%
ROE	-	8%	8%	8%	9%	5%	15%	2%	7%	10%	10%

Net Margins (7.8%)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

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.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	4.24	1.61	0.8	0.27	0	-	-	0	1.81	1.81
Debt over Equity	0.19	0.18	0.14	0.07	0.03	0	-	-	0	0.15	0.15
Growth Stability	-	-	-	100%	100%	69%	100%	24%	98%	100%	24%

Good Debt/FCF ratio (1.81)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.15)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (24%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

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.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	2%	4%	2%	2%	3%	4%	1%	5%	15%	4%
Earnings YoY growth	-	9%	10%	5%	16%	-38%	231%	-86%	227%	56%	11%
Equity YoY growth	-	6%	5%	4%	6%	2%	14%	-3%	4%	8%	5%
FCF YoY growth	-	13%	120%	11%	7%	146%	-87%	-193%	-488%	-4%	-8%