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Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2024-05-16), Performant Financial's Intrinsic Value: Projected FCF is $0.10. The stock price of Performant Financial is $3.21. Therefore, Performant Financial's Price-to-Intrinsic-Value-Projected-FCF of today is 32.3.
The historical rank and industry rank for Performant Financial's Intrinsic Value: Projected FCF or its related term are showing as below:
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Performant Financial was 60.17. The lowest was 0.37. And the median was 1.92.
The historical data trend for Performant Financial's Intrinsic Value: Projected FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Performant Financial Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | 0.98 | 0.32 | 0.40 | 0.06 | 0.21 |
Performant Financial Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | 0.06 | 0.14 | 0.18 | 0.21 | 0.10 |
For the Specialty Business Services subindustry, Performant Financial's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Business Services industry and Industrials sector, Performant Financial's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Performant Financial's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)
In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)
Add all the Free Cash Flow together and divide 6 will get Performant Financial's Free Cash Flow(6 year avg) = $-5.73.
Performant Financial's Intrinsic Value: Projected FCF for today is calculated as
Intrinsic Value: Projected FCF | = | (Growth Multiple | * | Free Cash Flow (6 year avg) | + | Total Stockholders Equity (Mar24) | * | 0.8) | / | Shares Outstanding (Diluted Average) |
= | (9.5203515959648 | * | -5.73312 | + | 77.647 | * | 0.8) | / | 76.920 | |
= | 0.10 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Performant Financial (NAS:PFMT) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Performant Financial's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF | = | Share Price | / | Intrinsic Value: Projected FCF |
= | 3.21 | / | 0.097975583179176 | |
= | 32.76 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thank you for viewing the detailed overview of Performant Financial's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Prescott Group Capital Management, L.l.c. | 10 percent owner | 1924 SOUTH UTICA, SUITE 1120, TULSA OK 74104-6429 |
Rohit Ramchandani | officer: Chief Financial Officer | 333 NORTH CANYONS PARKWAY, LIVERMORE CA 94551 |
Ecmc Group, Inc. | 10 percent owner | 1 IMATION PLACE, BLDG 2, SUITE 392A, OAKDALE MN 55128 |
Pcp Managers Gp, Llc | 10 percent owner | FOUR EMBARCADERO CENTER, SUITE 3610, SAN FRANCISCO CA 94111 |
Parthenon Dcs Holdings, Llc | 10 percent owner | C/O PARTHENON CAPITAL PARTNERS, FOUR EMBARCADERO CENTER, SAN FRANCISCO CA 94111 |
Eric Yanagi | director | 400 OYSTER POINT BOULEVARD, SUITE 526, SOUTH SAN FRANCISCO CA 94080 |
Pcp Managers, L.p. | 10 percent owner | C/O PARTHENON CAPITAL PARTNERS, FOUR EMBARCADERO CENTER, SUITE 3610, SAN FRANCISCO CA 94111 |
Pcap Ii, Llc | 10 percent owner | C/O PARTHENON CAPITAL PARTNERS, FOUR EMBARCADERO CENTER, SAN FRANCISCO CA 94111 |
Pcap Partners Ii, Llc | 10 percent owner | C/O PARTHENON CAPITAL PARTNERS, FOUR EMBARCADERO CENTER, SAN FRANCISCO CA 94111 |
Parthenon Investors Ii. L.p. | 10 percent owner | C/O PARTHENON CAPITAL PARTNERS, 400 EMBARCADERO CENTER, SAN FRANCISCO CA 94111 |
James Lacamp | director | 333 NORTH CANYONS PARKWAY, LIVERMORE CA 94551 |
Prescott Group Aggressive Small Cap Lp | 10 percent owner | 1924 SOUTH IRICA SUITE 1120, TULSA OK 741046529 |
Prescott Group Aggressive Small Cap Master Fund Gp | 10 percent owner | 1924 S UTICA SUITE # 1120, TULSA OK 74104-6529 |
Prescott Group Aggressive Small Cap Ii Lp | 10 percent owner | 1924 S UTICA SUITE # 1120, TULSA OK 74104-6529 |
Phil Frohlich | 10 percent owner | 1924 SOUTH IRICA SUITE 1120, TULSA OK 741046529 |
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