PFMT

Performant FinancialNasdaqGS:PFMT Stock Report

Market Cap

US$287.1m

7D

-4.7%

1Y

615.1%

Updated

22 Sep, 2021

Data

Company Financials +
PFMT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance0/6
Financial Health4/6
Dividends0/6

PFMT Overview

Performant Financial Corporation provides technology-enabled audit, recovery, outsource customer, and related analytics services in the United States.

Performant Financial Competitors

Accenture

NYSE:ACN

US$210.0b

Cognizant Technology Solutions

NasdaqGS:CTSH

US$39.2b

HP

NYSE:HPQ

US$30.9b

DXC Technology

NYSE:DXC

US$8.7b

Price History & Performance

Summary of all time highs, changes and price drops for Performant Financial
Historical stock prices
Current Share PriceUS$4.29
52 Week HighUS$0.58
52 Week LowUS$5.29
Beta-0.81
1 Month Change1.66%
3 Month Change20.51%
1 Year Change615.12%
3 Year Change134.43%
5 Year Change43.00%
Change since IPO-59.53%

Recent News & Updates

Aug 10

Auditing Performant's Upside

Recent business wins are driving big growth for Performant. Continued RFP wins should drive continued revenue growth. Chris Krug breaks down why PFMT keeps winning business and how large they can get.

Aug 04
Here's Why Performant Financial (NASDAQ:PFMT) Can Manage Its Debt Responsibly

Here's Why Performant Financial (NASDAQ:PFMT) Can Manage Its Debt Responsibly

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Jul 16
Performant Financial Corporation's (NASDAQ:PFMT) Intrinsic Value Is Potentially 49% Above Its Share Price

Performant Financial Corporation's (NASDAQ:PFMT) Intrinsic Value Is Potentially 49% Above Its Share Price

In this article we are going to estimate the intrinsic value of Performant Financial Corporation ( NASDAQ:PFMT ) by...

Jun 08

Performant Financial to join Russell Microcap Index

Performant Financial ([[PFMT]] -9.1%) is set to be added to Russell Microcap Index at the conclusion of the Russell US Indexes annual reconstitution, effective opening of the equity markets on  June 28.“Our addition to the Russell Microcap Index is a validation of our growth efforts, and we are excited for this next chapter of our Company’s history,” says Lisa Im, CEO.

Shareholder Returns

PFMTUS Commercial ServicesUS Market
7D-4.7%-1.4%-1.8%
1Y615.1%26.3%31.5%

Return vs Industry: PFMT exceeded the US Commercial Services industry which returned 27.6% over the past year.

Return vs Market: PFMT exceeded the US Market which returned 33% over the past year.

Price Volatility

Is PFMT's price volatile compared to industry and market?
PFMT volatility
PFMT Beta-0.81
Industry Beta1.04
Market Beta1

Stable Share Price: PFMT is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: PFMT's weekly volatility has decreased from 18% to 12% over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
19761,269Lisa Imhttps://performantcorp.com

Performant Financial Corporation provides technology-enabled audit, recovery, outsource customer, and related analytics services in the United States. The company offers recovery services to the clients in Federal guaranteed student loan program and private institutions; identifies and tracks defaulted borrowers across its clients’ portfolios of student loans; rehabilitates and recovers past due student loans; provides tax recovery services to federal, state and municipal agencies; recovers government debt for various federal agencies; and offers audit and recovery services to identify improper healthcare payments for public and private healthcare clients. It also identifies improper payments resulting from incorrect coding, procedures that were not medically necessary, incomplete documentation, and claims submitted based on outdated fee schedules; and provides default aversion and/or first party call center services.

Valuation

Is Performant Financial undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PFMT ($4.29) is trading below our estimate of fair value ($17.65)

Significantly Below Fair Value: PFMT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PFMT is unprofitable, so we can't compare its PE Ratio to the US Commercial Services industry average.

PE vs Market: PFMT is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PFMT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PFMT is overvalued based on its PB Ratio (6.7x) compared to the US Commercial Services industry average (2.7x).


Future Growth

How is Performant Financial forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

133.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PFMT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: PFMT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PFMT's is expected to become profitable in the next 3 years.

Revenue vs Market: PFMT's revenue (7.5% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: PFMT's revenue (7.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PFMT's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Performant Financial performed over the past 5 years?

-17.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PFMT is currently unprofitable.

Growing Profit Margin: PFMT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PFMT is unprofitable, and losses have increased over the past 5 years at a rate of 17.4% per year.

Accelerating Growth: Unable to compare PFMT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PFMT is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (30.4%).


Return on Equity

High ROE: PFMT has a negative Return on Equity (-0.62%), as it is currently unprofitable.


Financial Health

How is Performant Financial's financial position?


Financial Position Analysis

Short Term Liabilities: PFMT's short term assets ($46.1M) exceed its short term liabilities ($26.9M).

Long Term Liabilities: PFMT's short term assets ($46.1M) exceed its long term liabilities ($44.7M).


Debt to Equity History and Analysis

Debt Level: PFMT's debt to equity ratio (110.5%) is considered high.

Reducing Debt: PFMT's debt to equity ratio has increased from 67.6% to 110.5% over the past 5 years.


Balance Sheet


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: Whilst unprofitable PFMT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: PFMT is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 15.6% per year.


Dividend

What is Performant Financial current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PFMT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PFMT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PFMT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PFMT'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 PFMT's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.4yrs

Average management tenure


CEO

Lisa Im (56 yo)

17.42yrs

Tenure

US$625,405

Compensation

Ms. Lisa C. Im serves as the Chief Executive Officer of Performant Recovery, Inc and serves as Secretary. Ms. Im has been the Chief Executive Officer of Performant Financial Corporation since April 2004 an...


CEO Compensation Analysis

Compensation vs Market: Lisa's total compensation ($USD625.41K) is below average for companies of similar size in the US market ($USD1.10M).

Compensation vs Earnings: Lisa's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: PFMT's management team is considered experienced (4.4 years average tenure).


Board Members

Experienced Board: PFMT's board of directors are considered experienced (7.1 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 22.3%.


Top Shareholders

Company Information

Performant Financial Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Performant Financial Corporation
  • Ticker: PFMT
  • Exchange: NasdaqGS
  • Founded: 1976
  • Industry: Diversified Support Services
  • Sector: Commercial Services
  • Market Cap: US$287.128m
  • Shares outstanding: 66.93m
  • Website: https://performantcorp.com

Number of Employees


Location

  • Performant Financial Corporation
  • 333 North Canyons Parkway
  • Suite 100
  • Livermore
  • California
  • 94551
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/22 00:18
End of Day Share Price2021/09/21 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.