Financials Select Medical Holdings Corporation

Equities

SEM

US81619Q1058

Healthcare Facilities & Services

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
27.41 USD +0.07% Intraday chart for Select Medical Holdings Corporation +1.29% +16.64%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,135 3,728 3,944 3,153 3,013 3,518 - -
Enterprise Value (EV) 1 6,244 6,552 7,486 6,935 6,587 6,925 6,691 6,402
P/E ratio 21.2 x 14.3 x 9.87 x 20.2 x 12.3 x 13.4 x 12.8 x 10.8 x
Yield - - 1.7% 2.01% 2.13% 1.82% 1.82% 1.82%
Capitalization / Revenue 0.57 x 0.67 x 0.64 x 0.5 x 0.45 x 0.5 x 0.48 x 0.46 x
EV / Revenue 1.14 x 1.18 x 1.21 x 1.09 x 0.99 x 0.99 x 0.92 x 0.84 x
EV / EBITDA 8.78 x 8.18 x 7.9 x 10.7 x 8.16 x 8.1 x 7.34 x 6.36 x
EV / FCF 21,677,727 x 7,432,230 x 33,920,109 x 73,419,152 x - - - -
FCF Yield 0% 0% 0% 0% - - - -
Price to Book 3.9 x 3.52 x 3.55 x 2.81 x 2.34 x 2.3 x 2.03 x 1.77 x
Nbr of stocks (in thousands) 134,326 134,763 134,145 126,984 128,214 128,358 - -
Reference price 2 23.34 27.66 29.40 24.83 23.50 27.41 27.41 27.41
Announcement Date 2/20/20 2/25/21 2/24/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,454 5,532 6,205 6,334 6,664 6,968 7,287 7,622
EBITDA 1 710.9 800.6 947.4 646.9 807.4 855.2 911.9 1,007
EBIT 1 471.9 567.7 713.8 403.3 554.9 614.9 682.3 741.8
Operating Margin 8.65% 10.26% 11.5% 6.37% 8.33% 8.83% 9.36% 9.73%
Earnings before Tax (EBT) 1 264.7 456.5 629.7 260.6 382.4 389.1 439.9 540.2
Net income 1 148.4 259 388.8 159 243.5 361.4 407.4 335.5
Net margin 2.72% 4.68% 6.27% 2.51% 3.65% 5.19% 5.59% 4.4%
EPS 2 1.100 1.930 2.980 1.230 1.910 2.042 2.150 2.527
Free Cash Flow 288.1 881.6 220.7 94.45 - - - -
FCF margin 5.28% 15.94% 3.56% 1.49% - - - -
FCF Conversion (EBITDA) 40.52% 110.13% 23.3% 14.6% - - - -
FCF Conversion (Net income) 194.04% 340.41% 56.76% 59.41% - - - -
Dividend per Share 2 - - 0.5000 0.5000 0.5000 0.5000 0.5000 0.5000
Announcement Date 2/20/20 2/25/21 2/24/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 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
Net sales 1 1,534 1,560 1,600 1,585 1,568 1,581 1,665 1,675 1,666 1,659 1,738 1,752 1,742 1,736 1,822
EBITDA 1 208.6 138.4 163.8 181 153.1 148.9 214.1 219.5 193.8 180.1 222.5 233 206.1 193.6 237.5
EBIT 1 150.3 77.54 104 121 91.47 86.86 151.5 159.2 130 114.3 159.7 172.8 144.9 132.9 177.6
Operating Margin 9.79% 4.97% 6.5% 7.63% 5.83% 5.49% 9.1% 9.51% 7.8% 6.89% 9.19% 9.87% 8.32% 7.66% 9.74%
Earnings before Tax (EBT) 1 127.9 57.67 73.87 86.08 54.35 46.28 111.4 120.7 76.56 73.47 112.1 130.7 103.1 71.45 118.9
Net income 1 74.38 48.2 49.12 53.29 27.17 27.5 70.8 75.36 48.18 46.27 91.12 105.4 80.23 51.05 74.9
Net margin 4.85% 3.09% 3.07% 3.36% 1.73% 1.74% 4.25% 4.5% 2.89% 2.79% 5.24% 6.02% 4.61% 2.94% 4.11%
EPS 2 0.5700 0.3700 0.3700 0.4300 0.2100 0.2200 0.5600 0.6100 0.3800 0.3600 0.5703 0.6580 0.4941 0.3173 0.5492
Dividend per Share 2 0.1250 - - - - 0.1250 0.1250 0.1250 - 0.1250 0.1250 0.1250 0.1250 0.1250 0.1250
Announcement Date 11/4/21 2/24/22 5/5/22 8/4/22 11/3/22 2/23/23 5/4/23 8/3/23 11/2/23 2/22/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,109 2,825 3,542 3,782 3,574 3,407 3,173 2,884
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.374 x 3.529 x 3.739 x 5.846 x 4.426 x 3.984 x 3.479 x 2.863 x
Free Cash Flow 288 882 221 94.5 - - - -
ROE (net income / shareholders' equity) 18.9% 28.3% 37.1% 14.2% 20.3% 17% 15.3% 15.7%
ROA (Net income/ Total Assets) 2.23% 3.45% 5.36% 2.12% 3.19% 3.29% 3.76% 4.14%
Assets 1 6,657 7,498 7,257 7,513 7,638 10,970 10,833 8,095
Book Value Per Share 2 5.980 7.860 8.290 8.820 10.00 11.90 13.50 15.50
Cash Flow per Share 2 3.420 7.920 3.080 2.290 4.730 4.640 4.900 5.280
Capex 1 157 146 181 190 229 231 214 219
Capex / Sales 2.88% 2.65% 2.91% 3.01% 3.44% 3.31% 2.94% 2.87%
Announcement Date 2/20/20 2/25/21 2/24/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
5
Last Close Price
27.41 USD
Average target price
35.8 USD
Spread / Average Target
+30.61%
Consensus
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