Definitive Analysis
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Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Apollo Medical Holdings, Inc. (AMEH)

Company Dividend Discount ModelIndustry: Medical - Care FacilitiesSector: Healthcare

Valuation Snapshot

Stable Growth$1.17 - $1.64$1.40
Multi-Stage$1.87 - $2.04$1.96
Blended Fair Value$1.68
Current Price$39.67
Upside-95.77%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720172016
DPS0.00%0.00%0.001.310.300.651.081.300.370.220.000.00
YoY Growth---100.00%342.44%-54.87%-39.42%-16.85%247.53%69.98%0.00%0.00%0.00%
Dividend Yield--0.00%3.41%0.81%1.35%3.99%10.05%1.97%1.38%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)9.18
(-) Cash Dividends Paid (M)8.60
(=) Cash Retained (M)0.59
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)1.841.150.69
Cash Retained (M)0.590.590.59
(-) Cash Required (M)-1.84-1.15-0.69
(=) Excess Retained (M)-1.25-0.56-0.10
(/) Shares Outstanding (M)47.5247.5247.52
(=) Excess Retained per Share-0.03-0.010.00
LTM Dividend per Share0.180.180.18
(+) Excess Retained per Share-0.03-0.010.00
(=) Adjusted Dividend0.150.170.18
WACC / Discount Rate10.91%10.91%10.91%
Growth Rate-2.00%-1.00%0.00%
Fair Value$1.17$1.40$1.64
Upside / Downside-97.04%-96.46%-95.87%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)9.189.099.008.918.828.738.99
Payout Ratio93.62%92.89%92.17%91.45%90.72%90.00%92.50%
Projected Dividends (M)8.608.448.298.158.007.868.32

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate10.91%10.91%10.91%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)7.547.617.69
Year 2 PV (M)6.616.746.88
Year 3 PV (M)5.795.976.15
Year 4 PV (M)5.085.295.50
Year 5 PV (M)4.454.684.92
PV of Terminal Value (M)59.5262.6265.85
Equity Value (M)88.9892.9196.99
Shares Outstanding (M)47.5247.5247.52
Fair Value$1.87$1.96$2.04
Upside / Downside-95.28%-95.07%-94.86%

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