-3.80%
-3.55%
-35.92%
-36.98%
-34.03%
-26.64%
-84.30%
AI Spotlight on INNV
Company Description
InnovAge Holding Corp.manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in their homes and communities.It manages its business through Program of All-Inclusive Care for the Elderly (PACE) approach.
The company offers in-home care services consisting of skilled, unskilled, and personal care; in-center services, such as primary care, physical therapy, occupational therapy, speech therapy, dental services, mental health and psychiatric services, meals, and activities; transportation to the PACE center and third-party medical appointments; and care management.It serves approximately 6,850 PACE participants in the United States; and operates 18 PACE centers in Colorado, California, New Mexico, Pennsylvania, and Virginia.The company was formerly known as TCO Group Holdings, Inc.
and changed its name to InnovAge Holding Corp.in January 2021.InnovAge Holding Corp.
was founded in 2007 and is headquartered in Denver, Colorado.
Market Data
| Last Price | 3.8 |
| Change Percentage | -3.80% |
| Open | 3.99 |
| Previous Close | 3.95 |
| Market Cap ( Millions) | 515 |
| Volume | 34850 |
| Year High | 6.69 |
| Year Low | 3.5 |
| M A 50 | 4.2 |
| M A 200 | 5.07 |
Financial Ratios
| FCF Yield | -3.69% |
| Dividend Yield | 0.00% |
| ROE | -5.82% |
| Debt / Equity | 42.14% |
| Net Debt / EBIDTA | 853.91% |
| Price To Book | 1.98 |
| Price Earnings Ratio | -32.32 |
| Price To FCF | -27.13 |
| Price To sales | 0.65 |
| EV / EBITDA | 70.5 |
News
- Jan -21 - InnovAge to Announce Fiscal Second Quarter 2025 Financial Results and Host Conference Call Tuesday, February 4, 2025
- Nov -06 - InnovAge Holding Corp. (INNV) Q1 2025 Earnings Call Transcript
- Nov -05 - InnovAge Holding Corp. (INNV) Reports Q1 Loss, Tops Revenue Estimates
- Nov -05 - InnovAge Announces Financial Results for the Fiscal First Quarter Ended September 30, 2024
- Nov -04 - InnovAge Appoints Michael Scarbrough as New President and Chief Operating Officer and Maria Lozzano as President, Pharmacy Services
- Oct -29 - InnovAge Holding Corp. (INNV) Expected to Beat Earnings Estimates: Should You Buy?
- Oct -11 - InnovAge Provides Update on Clinical & Operational Transformations at National PACE Association Annual Conference
- Sep -16 - UPDATE – Leading PACE Provider InnovAge Selected to Participate in National Study Focused on Preventing Falls by Seniors
- Sep -16 - Leading PACE Provider InnovAge Selected to Participate in National Study Focused on Preventing Falls by Seniors
- Sep -10 - InnovAge Holding Corp. (INNV) Q4 2024 Earnings Call Transcript
- Sep -10 - InnovAge Holding Corp. (INNV) Reports Q4 Loss, Tops Revenue Estimates
- Sep -10 - InnovAge Announces Financial Results for the Fourth Quarter and Fiscal Year Ended June 30, 2024
- Aug -22 - CORRECTION -- InnovAge PACE Celebrates Anniversary of Vibrant Sacramento Center
- Aug -16 - InnovAge PACE Celebrates Anniversary of Vibrant Sacramento Center
- Jun -10 - InnovAge Holding Corp. Announces $5.0 Million Share Repurchase Program
- Jun -03 - InnovAge PACE Recertified as a Great Place to Work
- May -29 - InnovAge Celebrates Grand Opening of Orlando's First PACE Center in Partnership with Orlando Health
- May -20 - InnovAge Welcomes John Koehn as Senior Vice President of External Affairs
- May -12 - InnovAge Holding Corp. (INNV) Q3 2024 Earnings Call Transcript
- Apr -30 - Stock Market Crash Warning: Don't Get Caught Holding These 3 Healthcare Stocks
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Program of All-inclusive Care for the Elderly
Expected Growth : 9 %
What the company do ?
The Program of All-inclusive Care for the Elderly (PACE) by InnovAge Holding Corp. provides comprehensive medical and social services to frail elderly individuals in their homes and communities.
Why we expect these perspectives ?
InnovAge Holding Corp's Program of All-inclusive Care for the Elderly (PACE) growth is driven by increasing demand for senior care, expansion into new markets, and strategic partnerships. Additionally, the company's focus on value-based care, technology integration, and caregiver support contribute to its 9% growth rate.
Segment n°2 -> All Other
Expected Growth : 7 %
What the company do ?
All Other from InnovAge Holding Corp. refers to the company's miscellaneous revenue streams, including management fees, investment income, and other non-core business activities.
Why we expect these perspectives ?
InnovAge Holding Corp.'s 7% growth in All Other segment is driven by increasing demand for its healthcare services, expansion into new markets, and strategic partnerships. Additionally, the company's focus on value-based care and cost savings initiatives has led to increased adoption of its services, resulting in revenue growth.
Innovage Holding Corp. Products
| Product Range | What is it ? |
|---|---|
| Program of All-inclusive Care for the Elderly (PACE) | A comprehensive healthcare program that provides medical, social, and recreational services to frail elderly individuals |
| InnovAge Living | A senior living community that offers independent living, assisted living, and memory care services |
| InnovAge Home Care | A home-based care service that provides medical and non-medical care to seniors in the comfort of their own homes |
| InnovAge Adult Day Program | A daytime program that provides socialization, meals, and activities for seniors |
InnovAge Holding Corp.'s Porter Forces
Threat Of Substitutes
InnovAge Holding Corp. operates in a highly competitive industry, with many substitutes available to customers. However, the company's focus on providing high-quality services and building strong relationships with its customers helps to mitigate the threat of substitutes.
Bargaining Power Of Customers
InnovAge Holding Corp.'s customers have limited bargaining power due to the company's strong brand reputation and the lack of alternative service providers in the market.
Bargaining Power Of Suppliers
InnovAge Holding Corp. relies on a few key suppliers for its operations, giving them some bargaining power. However, the company's strong relationships with its suppliers and its ability to negotiate favorable terms help to mitigate this risk.
Threat Of New Entrants
The home healthcare industry is highly competitive, and new entrants can easily enter the market. InnovAge Holding Corp. must continue to innovate and differentiate itself to stay ahead of the competition.
Intensity Of Rivalry
The home healthcare industry is highly competitive, with many established players competing for market share. InnovAge Holding Corp. must focus on differentiating itself and providing high-quality services to maintain its market position.
Strength
Capital Structure
| Value | |
|---|---|
| Debt Weight | 26.86% |
| Debt Cost | 3.95% |
| Equity Weight | 73.14% |
| Equity Cost | 5.10% |
| WACC | 4.79% |
| Leverage | 36.73% |
InnovAge Holding Corp. : Quality Control
InnovAge Holding Corp. passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| MODV | ModivCare Inc., a technology-enabled healthcare services company, provides a suite of integrated supportive care solutions for public and private payors and patients. The company operates through four segments: Non-Emergency Medical … |
| CYH | Community Health Systems, Inc. owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal … |
| PIII | P3 Health Partners Inc., a patient-centered and physician-led population health management company, provides superior care services in the United States. It operates clinics and wellness centers. The company is based … |
| AONC | American Oncology Network, Inc., through its subsidiaries, provides oncology services in the United States. The company provides various services to patients, including laboratory services for routine and specialized testing; in-house … |
| TOI | The Oncology Institute, Inc., an oncology company, provides medical oncology services in the United States. Its services include physician services, in-house infusion and dispensary, clinical trial services, radiation, outpatient stem … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Community Health Systems
A-Score
1-Year Total Return ->
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American Oncology Network
A-Score
1-Year Total Return ->
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P3 Health Partners
A-Score
1-Year Total Return ->
4
InnovAge Holding
A-Score
1-Year Total Return ->
5
ModivCare
A-Score
1-Year Total Return ->
6
