Performant Financial Corporation provides technology-enabled audit, recovery, outsource customer, and related analytics services in the United States.
Reasonable growth potential with imperfect balance sheet.
Share Price & News
How has Performant Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PF3's share price has been volatile over the past 3 months.
7 Day Return
DE Commercial Services
1 Year Return
DE Commercial Services
Return vs Industry: PF3 underperformed the German Commercial Services industry which returned -4.3% over the past year.
Return vs Market: PF3 underperformed the German Market which returned 14.1% over the past year.
Price Volatility Vs. Market
How volatile is Performant Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Performant Financial undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate PF3's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate PF3's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: PF3 is unprofitable, so we can't compare its PE Ratio to the Commercial Services industry average.
PE vs Market: PF3 is unprofitable, so we can't compare its PE Ratio to the German market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PF3's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PF3 is good value based on its PB Ratio (1.1x) compared to the DE Commercial Services industry average (3.3x).
How is Performant Financial forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PF3 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.4%).
Earnings vs Market: PF3 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: PF3's is expected to become profitable in the next 3 years.
Revenue vs Market: PF3's revenue (15.5% per year) is forecast to grow faster than the German market (5% per year).
High Growth Revenue: PF3's revenue (15.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PF3's Return on Equity is forecast to be low in 3 years time (3.5%).
How has Performant Financial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PF3 is currently unprofitable.
Growing Profit Margin: PF3 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PF3 is unprofitable, and losses have increased over the past 5 years at a rate of -52.7% per year.
Accelerating Growth: Unable to compare PF3's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PF3 is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (10.8%).
Return on Equity
High ROE: PF3 has a negative Return on Equity (-49.74%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is Performant Financial's financial position?
Financial Position Analysis
Short Term Liabilities: PF3's short term assets ($33.8M) exceed its short term liabilities ($20.5M).
Long Term Liabilities: PF3's short term assets ($33.8M) do not cover its long term liabilities ($68.5M).
Debt to Equity History and Analysis
Debt Level: PF3's debt to equity ratio (109.7%) is considered high.
Reducing Debt: PF3's debt to equity ratio has reduced from 123.7% to 109.7% over the past 5 years.
Inventory Level: PF3 has a low level of unsold assets or inventory.
Debt Coverage by Assets: PF3's debt is not covered by short term assets (assets are 0.5x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: PF3 has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: PF3 has been profitable on average in the past, therefore cash runway is not a concern.
What is Performant Financial's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate PF3's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate PF3's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if PF3's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PF3's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PF3's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Lisa Im (54yo)
Ms. Lisa C. Im serves as the Chief Executive Officer of Performant Recovery, Inc. Ms. Im has been the Chief Executive Officer of Performant Financial Corporation since April 2004 and as its Chairwoman sinc ...
CEO Compensation Analysis
Compensation vs Market: Lisa's total compensation ($USD423.85K) is about average for companies of similar size in the German market ($USD413.42K).
Compensation vs Earnings: Lisa's compensation has increased whilst the company is unprofitable.
|Chairman & CEO||15.8yrs||US$423.85k||2.63% $1.5m|
|Vice President||2.6yrs||US$387.05k||0.19% $105.4k|
|Chief Compliance Officer||3.8yrs||US$551.82k||0.81% $458.7k|
|VP of Healthcare & GM of Healthcare||2.8yrs||US$424.25k||0.11% $62.5k|
|Vice President of Technology||0yrs||no data||no data|
|Investor Relations Professional||0yrs||no data||no data|
Experienced Management: PF3's management team is considered experienced (3.3 years average tenure).
|Chairman & CEO||15.8yrs||US$423.85k||2.63% $1.5m|
|Director||0.8yrs||no data||no data|
|Lead Independent Director||6yrs||US$136.00k||0.22% $122.8k|
|Independent Director||6yrs||US$122.00k||0.24% $136.9k|
|Director||0.3yrs||no data||no data|
Experienced Board: PF3's board of directors are considered experienced (5.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.3%.
Performant Financial Corporation's company bio, employee growth, exchange listings and data sources
- Name: Performant Financial Corporation
- Ticker: PF3
- Exchange: DB
- Founded: 1976
- Industry: Diversified Support Services
- Sector: Commercial Services
- Market Cap: US$60.907m
- Listing Market Cap: US$56.418m
- Shares outstanding: 53.90m
- Website: https://performantcorp.com
Number of Employees
- Performant Financial Corporation
- 333 North Canyons Parkway
- Suite 100
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PFMT||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Aug 2012|
|PF3||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Aug 2012|
Performant Financial Corporation provides technology-enabled audit, recovery, outsource customer, and related analytics services in the United States. The company offers recovery services primarily to the government-supported student loan industry serving guaranty agencies, private financial institutions, and the Department of Education; and restructures and recovers student loans issued directly by banks to students outside of federal lending programs. It also provides audit and recovery services related to improper payments in the healthcare market; and recovery and risk management advisory services to the Department of the Treasury and various financial institutions, as well as to federal, state, and municipal tax authorities. In addition, the company offers services from post-and pre-payment audit of healthcare claims to detection of fraud, waste and abuse of healthcare claims, to coordination of benefits and pharmacy fraud detection. The company was formerly known as DCS Holdings, Inc. and changed its name to Performant Financial Corporation in 2005. Performant Financial Corporation was founded in 1976 and is headquartered in Livermore, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/19 22:20|
|End of Day Share Price||2020/02/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.