Humana AB (publ), together with its subsidiaries, provides individual and family care services for children, adolescents, and adults in Sweden, Norway, Denmark, and Finland.
The last earnings update was 17 days ago.
Discounted Cash Flow Calculation for DB:47H using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for
is arrived at by discounting future cash flows to their present value using the 2 stage method.
We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
DB:47H DCF 1st Stage: Next 10 year cash flow forecast
Amount off the current price
is available for.
Share price is
vs Future cash flow value of
Current Discount Checks
to be considered undervalued it must be available for at least 20% below the
current price. Less than 40% is even better.
Humana's share price is below the future cash flow value, and at a moderate discount (> 20%).
Humana's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
Humana's earnings available for a low price, and how does
this compare to other companies in the same industry?
Humana's earnings are expected to grow by 12.9% yearly, however this is not considered high growth (20% yearly).
Humana's revenue is expected to grow by 7.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Humana's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
has a total score of
3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. Rasmus Nerman has been Chief Executive Officer and President of Humana AB since 2015. Mr. Nerman served as Deputy Chief Executive Officer of Humana. He served as Business Area Manager in Humana Individ & Familj. He served as Chief Executive Officer of INOM – Innovativ Omsorg i Norden AB. He served as Management consultant of mainly within healthcare services, Boston Consulting Group. He serves as Board member of Vårdföretagarna Individ & Familj. Mr. Nerman holds MBA from Stockholm School of Economics and M.Sc. in International Management from CEMS MIM.
Rasmus's compensation has been consistent with company performance over the past year, both up more than 20%.
Rasmus's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure
Average tenure and age of the
management team in years:
The tenure for the Humana management team is about average.
CEO & President
CFO & VP
Head of Investor Relations
Director of Marketing & Communication
Director of Human Resource
Head of Business Development
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The tenure for the Humana board of directors is about average.
Board of Directors
Chair of the Board
Who owns this company?
Recent Insider Trading
More shares have been bought than sold by Humana insiders in the past 3 months.
Humana AB (publ), together with its subsidiaries, provides individual and family care services for children, adolescents, and adults in Sweden, Norway, Denmark, and Finland. The company operates through four segments: Individual & Family, Personal Assistance, Elderly Care, and Other Nordics. The Individual & Family segment provides care and treatment in psychiatry and psychosocial change processes through residential care homes, temporary and regular family homes, special service housing, outpatient care and assisted living homes, and specially adapted housing. The Personal Assistance segment provides care services and assistance to individuals with functional impairments. The Elderly Care segment consists of elderly housing, as well as provides day care, flats adapted for the elderly, meeting places, and family member services. The Other Nordics segment provides care and treatment for children, adolescents, and adults by offering various forms of housing, family homes, outpatient care and other support services; and offers personal assistance and special services housing. Humana AB (publ) was founded in 2001 and is headquartered in Stockholm, Sweden.
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