MultiPlan Corporation (NYSE:MPLN) Looks Inexpensive After Falling 29% But Perhaps Not Attractive Enough
May 09
U.S. Healthtech Industry Analysis
UpdatedMay 09, 2024
DataAggregated Company Financials
Companies69
- 7D-0.09%
- 3M-10.3%
- 1Y-7.8%
- YTD-6.8%
Over the last 7 days, the Healthtech industry has remained flat, although notably Certara declined by 7.2%. As for the longer term, the industry has declined 7.8% in the last year. Earnings are forecast to grow by 29% annually.
Industry Valuation and Performance
Has the U.S. Healthtech Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | US$58.6b | US$12.7b | -US$2,026,338,984.00 | 47.2x | -28.9x | 4.6x |
| Sat, 06 Apr 2024 | US$61.0b | US$12.7b | -US$1,616,515,745.00 | 51.3x | -37.7x | 4.8x |
| Mon, 04 Mar 2024 | US$64.0b | US$14.1b | -US$1,435,324,794.00 | 50.8x | -44.6x | 4.5x |
| Wed, 31 Jan 2024 | US$74.4b | US$18.3b | -US$5,780,316,752.00 | 59.9x | -12.9x | 4.1x |
| Fri, 29 Dec 2023 | US$72.6b | US$18.3b | -US$5,781,192,665.00 | 60.7x | -12.6x | 4x |
| Sun, 26 Nov 2023 | US$65.9b | US$18.2b | -US$5,807,346,665.00 | 52.5x | -11.3x | 3.6x |
| Tue, 24 Oct 2023 | US$67.1b | US$18.0b | -US$5,559,240,965.00 | 52.3x | -12.1x | 3.7x |
| Thu, 21 Sep 2023 | US$71.1b | US$18.0b | -US$5,514,972,389.00 | 50.9x | -12.9x | 3.9x |
| Sat, 19 Aug 2023 | US$69.9b | US$17.9b | -US$5,552,073,447.00 | 55.2x | -12.6x | 3.9x |
| Mon, 17 Jul 2023 | US$80.2b | US$17.7b | -US$8,580,548,318.00 | 62.8x | -9.3x | 4.5x |
| Wed, 14 Jun 2023 | US$74.7b | US$17.7b | -US$8,581,046,209.00 | 60.6x | -8.7x | 4.2x |
| Fri, 12 May 2023 | US$70.5b | US$17.6b | -US$8,612,821,065.00 | 56.9x | -8.2x | 4x |
| Sun, 09 Apr 2023 | US$72.3b | US$17.4b | -US$14,978,932,055.00 | 55.5x | -4.8x | 4.1x |
| Tue, 07 Mar 2023 | US$73.9b | US$17.7b | -US$15,417,568,105.00 | 55.8x | -4.8x | 4.2x |
| Thu, 02 Feb 2023 | US$74.7b | US$17.5b | -US$10,800,869,310.00 | 52.1x | -6.9x | 4.3x |
| Sat, 31 Dec 2022 | US$68.3b | US$35.5b | -US$8,887,710,310.00 | 34x | -7.7x | 1.9x |
| Mon, 28 Nov 2022 | US$72.0b | US$17.4b | -US$10,605,197,310.00 | 44.2x | -6.8x | 4.1x |
| Wed, 26 Oct 2022 | US$69.1b | US$17.1b | -US$10,591,461,342.00 | 29.6x | -6.5x | 4x |
| Fri, 23 Sep 2022 | US$71.0b | US$17.1b | -US$10,593,627,342.00 | 30.7x | -6.7x | 4.1x |
| Sun, 21 Aug 2022 | US$84.2b | US$17.0b | -US$10,450,720,342.00 | 33.8x | -8.1x | 4.9x |
| Tue, 19 Jul 2022 | US$92.2b | US$17.4b | -US$7,974,433,542.00 | 62.6x | -11.6x | 5.3x |
| Thu, 16 Jun 2022 | US$111.6b | US$23.2b | -US$7,415,282,621.00 | 48.9x | -15x | 4.8x |
| Sat, 14 May 2022 | US$111.0b | US$23.0b | -US$7,397,860,493.00 | 52x | -15x | 4.8x |
| Mon, 11 Apr 2022 | US$137.2b | US$23.4b | -US$644,404,428.00 | 70.9x | -212.9x | 5.9x |
| Wed, 09 Mar 2022 | US$133.3b | US$23.6b | -US$573,336,298.00 | 79x | -232.4x | 5.6x |
| Fri, 04 Feb 2022 | US$151.7b | US$23.8b | -US$1,748,539,995.00 | 94.4x | -86.8x | 6.4x |
| Sun, 02 Jan 2022 | US$170.6b | US$23.7b | -US$1,729,005,566.00 | 98.8x | -98.7x | 7.2x |
| Tue, 30 Nov 2021 | US$178.0b | US$23.0b | -US$1,137,090,240.00 | 105.7x | -156.5x | 7.7x |
| Thu, 28 Oct 2021 | US$192.9b | US$22.1b | -US$1,257,938,210.00 | 104.1x | -153.4x | 8.7x |
| Sat, 25 Sep 2021 | US$196.1b | US$22.0b | -US$1,255,851,452.00 | 108.4x | -156.2x | 8.9x |
| Mon, 23 Aug 2021 | US$189.3b | US$21.9b | -US$1,229,889,348.31 | 91.3x | -153.9x | 8.6x |
| Sat, 10 Jul 2021 | US$186.1b | US$21.8b | -US$1,188,198,161.31 | 94.7x | -156.6x | 8.5x |
Price to Earnings Ratio
-122.2x
Current Industry PE
- Investors are pessimistic on the American Healthcare Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 5.3x is higher than the industry's current PS ratio of 4.6x.
Past Earnings Growth
- The earnings for companies in the Healthcare Services industry have deteriorated over the last three years.
- Revenues have also declined 14% per year.
- This means overall sales from these companies are declining and losses are subsequently expanding as well.
Industry Trends
Which industries have driven the changes within the U.S. Healthcare industry?
| US Market | 3.30% | |
| Healthcare | 0.69% | |
| Healthtech | -0.088% | |
| Healthtech | -0.088% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| VEEV Veeva Systems | US$201.77 | 1.4% +US$463.8m | 12.8% | PE62x | |
| GDRX GoodRx Holdings | US$7.61 | 9.2% +US$240.0m | 58.5% | PS3.8x | |
| PHR Phreesia | US$21.94 | 4.4% +US$52.4m | -27.3% | PS3.5x | |
| SLP Simulations Plus | US$48.01 | 3.6% +US$33.8m | 12.4% | PE91.2x | |
| HSTM HealthStream | US$27.13 | 4.1% +US$32.2m | 13.8% | PE46.3x |
