Financials Maximus, Inc.

Equities

MMS

US5779331041

Business Support Services

Market Closed - Nyse 04:00:01 2024-04-26 pm EDT 5-day change 1st Jan Change
80.43 USD -0.25% Intraday chart for Maximus, Inc. -1.24% -4.09%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 4,930 4,194 5,114 3,504 4,539 4,909 -
Enterprise Value (EV) 1 4,834 4,194 5,114 3,504 4,539 4,909 4,909
P/E ratio 20.8 x 20.2 x 17.8 x 17.6 x 28.4 x 18.6 x 16.4 x
Yield 1.29% - - - - - -
Capitalization / Revenue 1.71 x 1.21 x 1.2 x 0.76 x 0.93 x 0.95 x 0.91 x
EV / Revenue 1.71 x 1.21 x 1.2 x 0.76 x 0.93 x 0.95 x 0.91 x
EV / EBITDA 12.2 x 10.8 x 10.2 x 7.64 x 10.2 x 8.55 x 8.01 x
EV / FCF 17 x 20.6 x 10.6 x 15 x 20.3 x 13.6 x 13.7 x
FCF Yield 5.88% 4.86% 9.4% 6.67% 4.93% 7.36% 7.29%
Price to Book 3.96 x - - - - - -
Nbr of stocks (in thousands) 63,811 61,313 61,472 60,551 60,784 61,031 -
Reference price 2 77.26 68.41 83.20 57.87 74.68 80.43 80.43
Announcement Date 11/19/19 11/19/20 11/18/21 11/21/22 11/15/23 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025
Net sales 1 2,887 3,462 4,254 4,631 4,905 5,172 5,384
EBITDA 1 402.6 388.4 499.2 458.7 444.1 574.3 612.5
EBIT 1 317.1 288.3 408.5 325.9 294.8 431.1 469
Operating Margin 10.98% 8.33% 9.6% 7.04% 6.01% 8.34% 8.71%
Earnings before Tax (EBT) 1 317.3 287.1 383.7 277.1 210.3 357.3 410.2
Net income 1 240.8 214.5 291.2 203.8 161.8 268.1 307
Net margin 8.34% 6.2% 6.84% 4.4% 3.3% 5.18% 5.7%
EPS 2 3.720 3.390 4.670 3.290 2.630 4.327 4.917
Free Cash Flow 1 289.9 203.9 480.8 233.7 223.6 361.4 357.8
FCF margin 10.04% 5.89% 11.3% 5.05% 4.56% 6.99% 6.65%
FCF Conversion (EBITDA) 72.01% 52.49% 96.3% 50.95% 50.36% 62.93% 58.42%
FCF Conversion (Net income) 120.37% 95.05% 165.1% 114.65% 138.23% 134.8% 116.57%
Dividend per Share 1.000 - - - - - -
Announcement Date 11/19/19 11/19/20 11/18/21 11/21/22 11/15/23 - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 1,106 1,151 1,177 1,126 1,177 1,249 1,207 1,189 1,260 1,327 1,281 1,256 1,307 1,363 1,327
EBITDA 1 101.5 115.3 108 85.92 149.5 110.6 100.2 92.59 140.7 139.3 140.4 141.6 149.4 150.1 148.8
EBIT 1 68.18 81.53 75.29 54.56 114.5 74.78 62.5 58.39 99.12 107.5 104.4 105.6 113.3 114.4 113.3
Operating Margin 6.16% 7.08% 6.39% 4.85% 9.73% 5.99% 5.18% 4.91% 7.87% 8.1% 8.15% 8.41% 8.67% 8.39% 8.54%
Earnings before Tax (EBT) 1 56.96 71.58 66.56 41.27 97.68 53.44 42.32 36.36 78.18 85.52 85.53 88.22 97.74 99.31 98.99
Net income 1 52.01 53.33 50.1 31.34 69.07 40 31.79 30.86 59.15 64.15 64.15 66.17 73.3 74.23 74
Net margin 4.7% 4.63% 4.26% 2.78% 5.87% 3.2% 2.63% 2.6% 4.69% 4.83% 5.01% 5.27% 5.61% 5.44% 5.58%
EPS 2 0.8300 0.8500 0.8000 0.5100 1.120 0.6500 0.5200 0.5000 0.9600 1.040 1.037 1.063 1.177 1.190 1.185
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 11/18/21 2/3/22 5/4/22 8/3/22 11/21/22 2/8/23 5/3/23 8/2/23 11/15/23 2/7/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025
Net Debt - - - - - - -
Net Cash position 95.9 - - - - - -
Leverage (Debt/EBITDA) - - - - - - -
Free Cash Flow 1 290 204 481 234 224 361 358
ROE (net income / shareholders' equity) - - - - - - -
ROA (Net income/ Total Assets) - - - - - - -
Assets 1 - - - - - - -
Book Value Per Share 19.50 - - - - - -
Cash Flow per Share - - - - - - -
Capex 1 66.8 40.7 36.6 56.1 90.7 90.3 69.2
Capex / Sales 2.32% 1.18% 0.86% 1.21% 1.85% 1.75% 1.29%
Announcement Date 11/19/19 11/19/20 11/18/21 11/21/22 11/15/23 - -
1USD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
80.43 USD
Average target price
102.5 USD
Spread / Average Target
+27.44%
Consensus
  1. Stock Market
  2. Equities
  3. MMS Stock
  4. Financials Maximus, Inc.