Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker / Industry / Sector

eHealth, Inc. (EHTH)

Company Dividend Discount ModelIndustry: Insurance - BrokersSector: Financial Services

Valuation Snapshot

Stable Growth$9.98 - $13.91$11.94
Multi-Stage$13.56 - $14.90$14.22
Blended Fair Value$13.08
Current Price$4.31
Upside203.45%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS0.00%0.00%0.180.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--2.74%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)50.34
(-) Cash Dividends Paid (M)2.82
(=) Cash Retained (M)47.52
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)10.076.293.78
Cash Retained (M)47.5247.5247.52
(-) Cash Required (M)-10.07-6.29-3.78
(=) Excess Retained (M)37.4541.2343.75
(/) Shares Outstanding (M)30.4030.4030.40
(=) Excess Retained per Share1.231.361.44
LTM Dividend per Share0.090.090.09
(+) Excess Retained per Share1.231.361.44
(=) Adjusted Dividend1.321.451.53
WACC / Discount Rate11.02%11.02%11.02%
Growth Rate-2.00%-1.00%0.00%
Fair Value$9.98$11.94$13.91
Upside / Downside131.45%177.01%222.65%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)50.3449.8449.3448.8548.3647.8849.31
Payout Ratio5.60%22.48%39.36%56.24%73.12%90.00%92.50%
Projected Dividends (M)2.8211.2119.4227.4735.3643.0945.61

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate11.02%11.02%11.02%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)9.9910.0910.20
Year 2 PV (M)15.4415.7616.08
Year 3 PV (M)19.4820.0820.69
Year 4 PV (M)22.3523.2824.23
Year 5 PV (M)24.2925.5526.87
PV of Terminal Value (M)320.72337.42354.81
Equity Value (M)412.27432.19452.88
Shares Outstanding (M)30.4030.4030.40
Fair Value$13.56$14.22$14.90
Upside / Downside214.69%229.89%245.68%

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