Definitive Analysis
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Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Apollo Medical Holdings, Inc. (AMEH)

Company Dividend Discount ModelIndustry: Medical - Care FacilitiesSector: Healthcare

Valuation Snapshot

Stable Growth$1.11 - $1.54$1.32
Multi-Stage$1.72 - $1.87$1.79
Blended Fair Value$1.56
Current Price$39.67
Upside-96.07%
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 Rate11.64%11.64%11.64%
Growth Rate-2.00%-1.00%0.00%
Fair Value$1.11$1.32$1.54
Upside / Downside-97.20%-96.66%-96.13%

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 Rate11.64%11.64%11.64%
Growth Rate-2.00%-1.00%0.00%
Year 1 PV (M)7.497.567.64
Year 2 PV (M)6.526.656.79
Year 3 PV (M)5.685.856.03
Year 4 PV (M)4.955.155.36
Year 5 PV (M)4.314.534.76
PV of Terminal Value (M)52.7755.5158.38
Equity Value (M)81.7185.2788.96
Shares Outstanding (M)47.5247.5247.52
Fair Value$1.72$1.79$1.87
Upside / Downside-95.67%-95.48%-95.28%

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