MOH - Molina Healthcare, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$181.00
DETAILS
HIGH:
$224.00
LOW:
$158.00
MEDIAN:
$170.00
CONSENSUS:
$181.00
DOWNSIDE:
5.43%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 40,650.0 | 34,072.0 | 31,974.0 | 27,771.0 | 19,423.0 | 16,829.0 | 18,890.0 | 19,883.0 | 17,711.0 | 14,072.0 |
| Cost of Revenue | 35,914.0 | 29,738.0 | 28,048.0 | 24,491.0 | 16,746.0 | 14,394.0 | 16,266.0 | 18,003.0 | 15,941.0 | 12,434.0 |
| Gross Profit | 4,736.0 | 4,334.0 | 3,926.0 | 3,280.0 | 2,677.0 | 2,435.0 | 2,624.0 | 1,880.0 | 1,770.0 | 1,638.0 |
| Operating Expenses | ||||||||||
| R&D Expenses | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| SG&A Expenses | 2,743.0 | 2,462.0 | 2,311.0 | 2,068.0 | 1,480.0 | 1,296.0 | 1,333.0 | 1,594.0 | 1,393.0 | 1,147.0 |
| Other Expenses | 286.0 | 299.0 | 442.0 | 192.0 | 119.0 | 89.0 | 15,680.0 | 18,352.0 | 139.0 | 104.0 |
| Operating Expenses | 3,029.0 | 2,761.0 | 2,753.0 | 2,260.0 | 1,599.0 | 1,385.0 | 17,013.0 | 19,946.0 | 1,532.0 | 1,251.0 |
| Operating Income | ||||||||||
| Operating Income | 1,707.0 | 1,573.0 | 1,173.0 | 1,020.0 | 1,078.0 | 1,044.0 | 1,131.0 | (555.0) | 306.0 | 387.0 |
| Interest Expense | 118.0 | 109.0 | 110.0 | 120.0 | 102.0 | 87.0 | 115.0 | 118.0 | 101.0 | 66.0 |
| Interest Income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Profitability | ||||||||||
| EBITDA | 1,893.0 | 1,744.0 | 1,349.0 | 1,126.0 | 1,151.0 | 1,148.0 | 1,241.0 | (316.0) | 488.0 | 514.0 |
| EBIT | 1,707.0 | 1,573.0 | 1,173.0 | 995.0 | 1,063.0 | 1,059.0 | 1,114.0 | (494.0) | 306.0 | 388.0 |
| Income Before Tax | 1,589.0 | 1,464.0 | 1,063.0 | 875.0 | 961.0 | 972.0 | 999.0 | (612.0) | 137.0 | 322.0 |
| Income Tax Expense | 410.0 | 373.0 | 271.0 | 216.0 | 288.0 | 235.0 | 292.0 | (100.0) | 129.0 | 179.0 |
| Net Income | 1,179.0 | 1,091.0 | 792.0 | 659.0 | 673.0 | 737.0 | 707.0 | (512.0) | 8.0 | 143.0 |
| Per Share Data | ||||||||||
| EPS (Basic) | 20.52 | 18.71 | 13.70 | 11.40 | 11.41 | 11.85 | 10.61 | -9.14 | 0.93 | 2.75 |
| EPS (Diluted) | 20.42 | 18.78 | 13.54 | 11.25 | 11.24 | 11.48 | 10.55 | -9.14 | 0.92 | 2.58 |
| Shares Outstanding | 57.4 | 58.1 | 57.8 | 57.8 | 59.0 | 62.2 | 66.6 | 56.0 | 55.0 | 52.0 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 4,662.0 | 4,848.0 | 4,006.0 | 4,438.0 | 4,154.0 | 2,452.0 | 2,826.0 | 3,186.0 | 2,819.0 | 2,329.0 |
| Short-Term Investments | 4,325.0 | 4,259.0 | 3,499.0 | 3,202.0 | 1,875.0 | 1,946.0 | 1,681.0 | 2,524.0 | 1,758.0 | 1,801.0 |
| Net Receivables | 3,299.0 | 3,104.0 | 2,302.0 | 2,177.0 | 1,672.0 | 1,406.0 | 1,330.0 | 871.0 | 1,013.0 | 610.0 |
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Current Assets | 487.0 | 331.0 | 277.0 | 0.0 | 0.0 | 0.0 | 476.0 | 691.0 | 267.0 | 374.0 |
| Total Current Assets | 12,773.0 | 12,542.0 | 10,084.0 | 10,064.0 | 7,876.0 | 5,967.0 | 6,462.0 | 7,511.0 | 5,988.0 | 5,306.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 288.0 | 270.0 | 259.0 | 396.0 | 391.0 | 385.0 | 241.0 | 342.0 | 454.0 | 393.0 |
| Goodwill | 1,671.0 | 1,241.0 | 1,115.0 | 982.0 | 692.0 | 143.0 | 143.0 | 186.0 | 620.0 | 519.0 |
| Intangible Assets | 267.0 | 208.0 | 275.0 | 270.0 | 249.0 | 29.0 | 47.0 | 69.0 | 140.0 | 122.0 |
| Long-Term Investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 79.0 | 120.0 | 119.0 | 110.0 | 109.0 |
| Other Non-Current Assets | 424.0 | 404.0 | 361.0 | 391.0 | 255.0 | 105.0 | 24.0 | 141.0 | 127.0 | 109.0 |
| Total Non-Current Assets | 2,857.0 | 2,350.0 | 2,230.0 | 2,145.0 | 1,656.0 | 820.0 | 692.0 | 960.0 | 1,460.0 | 1,270.0 |
| Total Assets | 15,630.0 | 14,892.0 | 12,314.0 | 12,209.0 | 9,532.0 | 6,787.0 | 7,154.0 | 8,471.0 | 7,449.0 | 6,576.0 |
| Current Liabilities | ||||||||||
| Account Payables | 1,331.0 | 1,252.0 | 889.0 | 842.0 | 641.0 | 502.0 | 390.0 | 366.0 | 385.0 | 362.0 |
| Short-Term Debt | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 18.0 | 240.0 | 652.0 | 471.0 | 449.0 |
| Deferred Revenue | 51.0 | 418.0 | 359.0 | 370.0 | 375.0 | 249.0 | 211.0 | 282.0 | 315.0 | 223.0 |
| Other Current Liabilities | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (18.0) | 476.0 | 522.0 | 267.0 | 374.0 |
| Total Current Liabilities | 7,896.0 | 8,168.0 | 6,855.0 | 7,047.0 | 4,965.0 | 3,269.0 | 4,246.0 | 5,557.0 | 4,570.0 | 3,822.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 2,923.0 | 2,180.0 | 2,176.0 | 2,173.0 | 2,127.0 | 1,237.0 | 1,020.0 | 1,318.0 | 975.0 | 962.0 |
| Deferred Tax Liabilities | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 15.0 | 0.0 |
| Other Non-Current Liabilities | 120.0 | 124.0 | 104.0 | 140.0 | 119.0 | 90.0 | 44.0 | 61.0 | 42.0 | 37.0 |
| Total Non-Current Liabilities | 3,238.0 | 2,509.0 | 2,495.0 | 2,532.0 | 2,471.0 | 1,558.0 | 1,261.0 | 1,577.0 | 1,230.0 | 1,197.0 |
| Total Liabilities | 11,134.0 | 10,677.0 | 9,350.0 | 9,579.0 | 7,436.0 | 4,827.0 | 5,507.0 | 7,134.0 | 5,800.0 | 5,019.0 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | 4,091.0 | 3,887.0 | 2,796.0 | 2,399.0 | 1,860.0 | 1,781.0 | 1,012.0 | 298.0 | 810.0 | 758.0 |
| Accumulated Other Comprehensive Income | (57.0) | (82.0) | (160.0) | (5.0) | 37.0 | 4.0 | (8.0) | (5.0) | (2.0) | (4.0) |
| Total Stockholders' Equity | 4,496.0 | 4,215.0 | 2,964.0 | 2,630.0 | 2,096.0 | 1,960.0 | 1,647.0 | 1,337.0 | 1,649.0 | 1,557.0 |
| Total Liabilities & Equity | 15,630.0 | 14,892.0 | 12,314.0 | 12,209.0 | 9,532.0 | 6,787.0 | 7,154.0 | 8,471.0 | 7,449.0 | 6,576.0 |
| Debt Metrics | ||||||||||
| Total Debt | 3,118.0 | 2,385.0 | 2,391.0 | 2,392.0 | 2,352.0 | 1,486.0 | 1,458.0 | 2,169.0 | 1,645.0 | 1,609.0 |
| Net Debt | (1,544.0) | (2,463.0) | (1,615.0) | (2,046.0) | (1,802.0) | (966.0) | (1,368.0) | (1,017.0) | (1,174.0) | (720.0) |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 1,179.0 | 1,091.0 | 792.0 | 659.0 | 673.0 | 737.0 | 707.0 | (512.0) | 8.0 | 143.0 |
| Depreciation & Amortization | 186.0 | 171.0 | 176.0 | 131.0 | 88.0 | 89.0 | 127.0 | 178.0 | 182.0 | 126.0 |
| Stock-Based Compensation | 116.0 | 115.0 | 103.0 | 72.0 | 57.0 | 39.0 | 27.0 | 46.0 | 26.0 | 23.0 |
| Change in Working Capital | (898.0) | 314.0 | (448.0) | 1,223.0 | 1,064.0 | (433.0) | (1,249.0) | 589.0 | 388.0 | 791.0 |
| Other Non-Cash Items | 8.0 | 2.0 | 216.0 | 58.0 | 27.0 | (15.0) | 80.0 | 597.0 | 47.0 | 49.0 |
| Operating Cash Flow | 644.0 | 1,662.0 | 773.0 | 2,119.0 | 1,890.0 | 427.0 | (314.0) | 804.0 | 673.0 | 1,125.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (100.0) | (84.0) | (91.0) | (77.0) | (74.0) | (57.0) | (30.0) | (86.0) | (176.0) | (132.0) |
| Acquisitions | (344.0) | (3.0) | (134.0) | (129.0) | (755.0) | 0.0 | 190.0 | 0.0 | (48.0) | (450.0) |
| Purchases of Investments | (1,132.0) | (1,433.0) | (1,913.0) | (2,713.0) | (670.0) | (2,536.0) | (1,444.0) | (2,718.0) | (1,929.0) | (1,923.0) |
| Sales/Maturities of Investments | 1,111.0 | 772.0 | 1,398.0 | 1,329.0 | 1,097.0 | 2,302.0 | 2,445.0 | 1,771.0 | 1,966.0 | 1,126.0 |
| Other Investing Activities | 1.0 | 4.0 | (50.0) | (63.0) | 2.0 | (2.0) | (18.0) | (40.0) | (15.0) | (41.0) |
| Investing Cash Flow | (464.0) | (744.0) | (790.0) | (1,653.0) | (400.0) | (293.0) | 1,143.0 | (1,073.0) | (202.0) | (1,420.0) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 740.0 | 0.0 | 0.0 | 17.0 | 859.0 | (20.0) | (662.0) | 625.0 | 0.0 | 689.0 |
| Stock Repurchased | (1,000.0) | (60.0) | (400.0) | (128.0) | (606.0) | (47.0) | 0.0 | 0.0 | 0.0 | 0.0 |
| Dividends Paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Other Financing Activities | (87.0) | 2.0 | (41.0) | (19.0) | (36.0) | (485.0) | (531.0) | (8.0) | 1.0 | 5.0 |
| Financing Cash Flow | (347.0) | (58.0) | (441.0) | (183.0) | 217.0 | (552.0) | (1,193.0) | 636.0 | 19.0 | 1,085.0 |
| Cash Position | ||||||||||
| Net Change in Cash | (167.0) | 860.0 | (458.0) | 283.0 | 1,715.0 | (418.0) | (364.0) | 367.0 | 490.0 | 790.0 |
| Cash at Beginning | 4,908.0 | 4,048.0 | 4,506.0 | 4,223.0 | 2,508.0 | 2,926.0 | 3,290.0 | 2,819.0 | 2,329.0 | 1,539.0 |
| Cash at End | 4,741.0 | 4,908.0 | 4,048.0 | 4,506.0 | 4,223.0 | 2,508.0 | 2,926.0 | 3,186.0 | 2,819.0 | 2,329.0 |
| Free Cash Flow | 544.0 | 1,578.0 | 682.0 | 2,042.0 | 1,816.0 | 370.0 | (344.0) | 718.0 | 497.0 | 993.0 |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 40,650.0 | 34,072.0 | 31,974.0 | 27,771.0 | 19,423.0 | 16,829.0 | 18,890.0 | 19,883.0 | 17,711.0 | 14,072.0 |
| Gross Profit | 4,736.0 | 4,334.0 | 3,926.0 | 3,280.0 | 2,677.0 | 2,435.0 | 2,624.0 | 1,880.0 | 1,770.0 | 1,638.0 |
| Operating Income | 1,707.0 | 1,573.0 | 1,173.0 | 1,020.0 | 1,078.0 | 1,044.0 | 1,131.0 | (555.0) | 306.0 | 387.0 |
| Net Income | 1,179.0 | 1,091.0 | 792.0 | 659.0 | 673.0 | 737.0 | 707.0 | (512.0) | 8.0 | 143.0 |
| EPS (Diluted) | 20.42 | 18.78 | 13.54 | 11.25 | 11.24 | 11.48 | 10.55 | -9.14 | 0.92 | 2.58 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 4,662.0 | 4,848.0 | 4,006.0 | 4,438.0 | 4,154.0 | 2,452.0 | 2,826.0 | 3,186.0 | 2,819.0 | 2,329.0 |
| Total Assets | 15,630.0 | 14,892.0 | 12,314.0 | 12,209.0 | 9,532.0 | 6,787.0 | 7,154.0 | 8,471.0 | 7,449.0 | 6,576.0 |
| Total Debt | 3,118.0 | 2,385.0 | 2,391.0 | 2,392.0 | 2,352.0 | 1,486.0 | 1,458.0 | 2,169.0 | 1,645.0 | 1,609.0 |
| Stockholders' Equity | 4,496.0 | 4,215.0 | 2,964.0 | 2,630.0 | 2,096.0 | 1,960.0 | 1,647.0 | 1,337.0 | 1,649.0 | 1,557.0 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 644.0 | 1,662.0 | 773.0 | 2,119.0 | 1,890.0 | 427.0 | (314.0) | 804.0 | 673.0 | 1,125.0 |
| Capital Expenditure | (100.0) | (84.0) | (91.0) | (77.0) | (74.0) | (57.0) | (30.0) | (86.0) | (176.0) | (132.0) |
| Free Cash Flow | 544.0 | 1,578.0 | 682.0 | 2,042.0 | 1,816.0 | 370.0 | (344.0) | 718.0 | 497.0 | 993.0 |