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Performant Financial

Nasdaq:PFMT
Snowflake Description

Reasonable growth potential with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PFMT
Nasdaq
$64M
Market Cap
  1. Home
  2. US
  3. Commercial Services
Company description

Performant Financial Corporation provides technology-enabled audit, recovery, outsource customer, and related analytics services in the United States. The last earnings update was 4 days ago. More info.


Add to Portfolio Compare Print
  • Performant Financial has significant price volatility in the past 3 months.
PFMT Share Price and Events
7 Day Returns
1.7%
NasdaqGS:PFMT
-0.4%
US Commercial Services
-1%
US Market
1 Year Returns
-37.2%
NasdaqGS:PFMT
5.9%
US Commercial Services
-0.4%
US Market
PFMT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Performant Financial (PFMT) 1.7% -9.1% -14.3% -37.2% -43.3% -88%
US Commercial Services -0.4% -1.3% 3.6% 5.9% 53.2% 76.7%
US Market -1% -3.3% 0.4% -0.4% 30.4% 37.1%
1 Year Return vs Industry and Market
  • PFMT underperformed the Commercial Services industry which returned 5.9% over the past year.
  • PFMT underperformed the Market in United States of America which returned -0.4% over the past year.
Price Volatility
PFMT
Industry
5yr Volatility vs Market

Value

 Is Performant Financial undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Performant Financial. This is due to cash flow or dividend data being unavailable. The share price is $1.2.
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 Performant Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Performant Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:PFMT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-0.52
NasdaqGS:PFMT Share Price ** NasdaqGS (2019-08-16) in USD $1.2
United States of America Commercial Services Industry PE Ratio Median Figure of 47 Publicly-Listed Commercial Services Companies 23.97x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Performant Financial.

NasdaqGS:PFMT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:PFMT Share Price ÷ EPS (both in USD)

= 1.2 ÷ -0.52

-2.29x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Performant Financial is loss making, we can't compare its value to the US Commercial Services industry average.
  • Performant Financial is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Performant Financial's expected growth come at a high price?
Raw Data
NasdaqGS:PFMT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.29x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
93.7%per year
United States of America Commercial Services Industry PEG Ratio Median Figure of 34 Publicly-Listed Commercial Services Companies 1.66x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Performant Financial, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Performant Financial's assets?
Raw Data
NasdaqGS:PFMT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $1.19
NasdaqGS:PFMT Share Price * NasdaqGS (2019-08-16) in USD $1.2
United States of America Commercial Services Industry PB Ratio Median Figure of 88 Publicly-Listed Commercial Services Companies 1.71x
United States of America Market PB Ratio Median Figure of 5,265 Publicly-Listed Companies 1.7x
NasdaqGS:PFMT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:PFMT Share Price ÷ Book Value per Share (both in USD)

= 1.2 ÷ 1.19

1.01x

* Primary Listing of Performant Financial.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Performant Financial is good value based on assets compared to the US Commercial Services industry average.
X
Value checks
We assess Performant Financial's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Performant Financial has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Performant Financial expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
93.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Performant Financial expected to grow at an attractive rate?
  • Performant Financial's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Performant Financial's earnings growth is expected to exceed the United States of America market average.
  • Performant Financial's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:PFMT Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:PFMT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 93.7%
NasdaqGS:PFMT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 17.1%
United States of America Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
United States of America Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:PFMT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:PFMT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 213 5 1
2020-12-31 195 -4 1
2019-12-31 159 -19 1
NasdaqGS:PFMT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 138 -12 -28
2019-03-31 134 -2 -25
2018-12-31 156 -12 -8
2018-09-30 149 -8 -2
2018-06-30 151 -8 -2
2018-03-31 156 -7 -1
2017-12-31 132 3 -13
2017-09-30 133 -2 -26
2017-06-30 134 0 -18
2017-03-31 136 7 -14
2016-12-31 141 18 -11
2016-09-30 149 18 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Performant Financial's earnings are expected to grow significantly at over 20% yearly.
  • Performant Financial's revenue is expected to grow by 17.1% 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.
Raw Data
NasdaqGS:PFMT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Performant Financial Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PFMT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.09 0.09 0.09 1.00
2020-12-31 -0.08 -0.08 -0.08 1.00
2019-12-31 -0.35 -0.35 -0.35 1.00
NasdaqGS:PFMT Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -0.52
2019-03-31 -0.48
2018-12-31 -0.15
2018-09-30 -0.04
2018-06-30 -0.05
2018-03-31 -0.03
2017-12-31 -0.25
2017-09-30 -0.51
2017-06-30 -0.37
2017-03-31 -0.29
2016-12-31 -0.23
2016-09-30 0.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Performant Financial is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Performant Financial's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Performant Financial has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Performant Financial performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Performant Financial's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Performant Financial does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Performant Financial's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Performant Financial's 1-year growth to the US Commercial Services industry average as it is not currently profitable.
Earnings and Revenue History
Performant Financial's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Performant Financial Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PFMT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 138.02 -27.76
2019-03-31 133.52 -24.95
2018-12-31 155.67 -8.01
2018-09-30 149.23 -2.22
2018-06-30 151.39 -2.47
2018-03-31 155.96 -1.32
2017-12-31 132.05 -12.73
2017-09-30 132.57 -25.55
2017-06-30 134.02 -18.41
2017-03-31 136.19 -14.49
2016-12-31 141.36 -11.45
2016-09-30 148.60 3.04
2016-06-30 155.91 3.44
2016-03-31 159.10 2.69
2015-12-31 159.38 -1.80
2015-09-30 158.02 -6.37
2015-06-30 159.16 -6.53
2015-03-31 175.31 -1.35
2014-12-31 195.38 9.40
2014-09-30 215.66 19.65
2014-06-30 252.83 35.58
2014-03-31 264.56 40.86
2013-12-31 255.30 36.34
2013-09-30 251.30 34.44
2013-06-30 227.89 25.37
2013-03-31 213.56 21.79
2012-12-31 210.07 20.91
2012-09-30 196.74 10.86

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Performant Financial has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Performant Financial has efficiently used its assets last year compared to the US Commercial Services industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Performant Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Performant Financial's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. 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.
Performant Financial has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Performant Financial's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Performant Financial's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Performant Financial is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Performant Financial's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Performant Financial's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Performant Financial Company Filings, last reported 1 month ago.

NasdaqGS:PFMT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 63.95 52.90 4.31
2019-03-31 69.11 43.56 4.36
2018-12-31 77.23 43.33 5.46
2018-09-30 81.94 40.45 5.65
2018-06-30 86.37 40.15 7.98
2018-03-31 89.24 40.37 8.66
2017-12-31 80.33 40.58 21.73
2017-09-30 79.03 40.31 23.18
2017-06-30 82.82 42.95 21.26
2017-03-31 84.14 50.63 26.96
2016-12-31 86.25 53.62 32.98
2016-09-30 97.34 63.38 48.30
2016-06-30 97.20 65.71 53.19
2016-03-31 95.03 67.71 48.06
2015-12-31 93.86 92.14 71.18
2015-09-30 90.18 96.53 78.28
2015-06-30 89.57 100.07 76.06
2015-03-31 87.75 109.34 77.32
2014-12-31 91.17 111.80 80.30
2014-09-30 92.32 114.25 84.97
2014-06-30 88.92 116.70 81.46
2014-03-31 81.72 130.61 90.74
2013-12-31 74.23 133.30 81.91
2013-09-30 65.03 136.00 69.55
2013-06-30 48.12 138.69 51.30
2013-03-31 31.52 145.01 39.35
2012-12-31 24.07 147.77 37.84
2012-09-30 17.32 150.53 32.20
  • Performant Financial's level of debt (82.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (131.2% vs 82.7% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Performant Financial's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Performant Financial's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Performant Financial has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Performant Financial dividends.
If you bought $2,000 of Performant Financial shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Performant Financial's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Performant Financial's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:PFMT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 41 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:PFMT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Performant Financial has not reported any payouts.
  • Unable to verify if Performant Financial's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Performant Financial's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Performant Financial has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Performant Financial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Performant Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Performant Financial has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Performant Financial's salary, the management and board of directors tenure and is there insider trading?

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.
CEO
Lisa Im
COMPENSATION $423,848
AGE 54
TENURE AS CEO 15.3 years
CEO Bio

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 since August 12, 2014. She served as the President of Performant Financial Corporation. She served as President of Diversified Collection Services Inc. She serves as the Chairman of Diversified Collection Services Inc. She serves as the Chairman of DCS Holdings Inc. Ms. Im joined DCS in 2002 and has taken on increasing responsibility during her tenure, starting as Assistant to the Chair of the Board and Managing Director, then as the Chief Financial Officer. Upon the recapitalization of DCS in January 2004, Ms. Im served as the President. She held executive positions with Bestfoods Baking Company, a division of Bestfoods, Inc., where she was responsible for an organization of 1,500 employees. She has been a Director of Performant Financial Corporation since January 2004. Ms. Im received a Bachelor of Business Administration in Marketing from Loma Linda University and a Masters in Business Administration, Finance from California State University, East Bay.

CEO Compensation
  • Lisa's compensation has increased whilst company is loss making.
  • Lisa's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Performant Financial management team in years:

2.8
Average Tenure
57.5
Average Age
  • The tenure for the Performant Financial management team is about average.
Management Team

Lisa Im

TITLE
Chairman & CEO
COMPENSATION
$424K
AGE
54
TENURE
15.3 yrs

Ian Johnston

TITLE
Vice President
COMPENSATION
$387K
AGE
64
TENURE
2.1 yrs

Hal Leach

TITLE
Chief Compliance Officer
COMPENSATION
$552K
AGE
61
TENURE
3.3 yrs

Simeon Kohl

TITLE
VP of Healthcare & GM of Healthcare
COMPENSATION
$424K
AGE
52
TENURE
2.3 yrs

Jeff Nelson

TITLE
Vice President of Technology

Richard Zubek

TITLE
Investor Relations Professional
Board of Directors Tenure

Average tenure and age of the Performant Financial board of directors in years:

5.5
Average Tenure
54
Average Age
  • The tenure for the Performant Financial board of directors is about average.
Board of Directors

Lisa Im

TITLE
Chairman & CEO
COMPENSATION
$424K
AGE
54
TENURE
5 yrs

Todd Ford

TITLE
Director
COMPENSATION
$136K
AGE
52
TENURE
7.8 yrs

Brad Fluegel

TITLE
Director
COMPENSATION
$122K
AGE
57
TENURE
5.5 yrs

William Hansen

TITLE
Lead Independent Director
COMPENSATION
$136K
AGE
60
TENURE
5.5 yrs

Jeffrey Stein

TITLE
Director
AGE
54
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Performant Financial's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Performant Financial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is Performant Financial (NASDAQ:PFMT) Using Debt Sensibly?

We note that Performant Financial Corporation (NASDAQ:PFMT) does have debt on its balance sheet. … NasdaqGS:PFMT Historical Debt, August 6th 2019 A Look At Performant Financial's Liabilities According to the last reported balance sheet, Performant Financial had liabilities of US$20.7m due within 12 months, and liabilities of US$52.8m due beyond 12 months. … When we look at that and recall the liabilities on its balance sheet, relative to cash, it seems unwise to us for the company to have any debt.

Simply Wall St -

Could Performant Financial Corporation's (NASDAQ:PFMT) Investor Composition Influence The Stock Price?

Taking a look at our data on the ownership groups (below), it's seems that institutional investors have bought into the company. … See our latest analysis for Performant Financial NasdaqGS:PFMT Ownership Summary, July 2nd 2019 What Does The Institutional Ownership Tell Us About Performant Financial? … Insider Ownership Of Performant Financial While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders.

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How Financially Strong Is Performant Financial Corporation (NASDAQ:PFMT)?

PFMT’s Debt (And Cash Flows) PFMT's debt levels surged from US$40m to US$54m over the last 12 months – this includes long-term debt. … At the current liabilities level of US$21m, it appears that the company has maintained a safe level of current assets to meet its obligations, with the current ratio last standing at 1.34x. … Next Steps: PFMT’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

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Breakeven On The Horizon For Performant Financial Corporation (NASDAQ:PFMT)

Performant Financial Corporation's (NASDAQ:PFMT):. … Performant Financial Corporation provides technology-enabled audit, recovery, customer care, and related analytics services in the United States. … View our latest analysis for Performant Financial

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Should You Worry About Performant Financial Corporation's (NASDAQ:PFMT) CEO Salary Level?

Lisa Im has been the CEO of Performant Financial Corporation (NASDAQ:PFMT) since 2004. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Lisa Im's Compensation Compare With Similar Sized Companies?

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Performant Financial Corporation (NASDAQ:PFMT): Time For A Financial Health Check

Performant Financial Corporation (NASDAQ:PFMT) is a small-cap stock with a market capitalization of US$105m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … the current state of its operations and pathway to profitability.

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How Do Performant Financial Corporation’s (NASDAQ:PFMT) Returns On Capital Compare To Peers?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Understanding Return On Capital Employed (ROCE). … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

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Is Performant Financial Corporation's (NASDAQ:PFMT) CEO Paid Enough Relative To Peers?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Lisa Im's Compensation Compare With Similar Sized Companies. … Our data indicates that Performant Financial Corporation is worth US$72m, and total annual CEO compensation is US$424k.

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Should You Be Concerned About Performant Financial Corporation's (NASDAQ:PFMT) Historical Volatility?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

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Are Performant Financial Corporation's (NASDAQ:PFMT) Interest Costs Too High?

Investors are always looking for growth in small-cap stocks like Performant Financial Corporation (NASDAQ:PFMT), with a market cap of US$104m. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

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Company Info

Description

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.

Details
Name: Performant Financial Corporation
PFMT
Exchange: NasdaqGS
Founded: 1976
$64,389,523
53,657,936
Website: http://performantcorp.com
Address: Performant Financial Corporation
333 North Canyons Parkway,
Suite 100,
Livermore,
California, 94551,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS PFMT Common Stock Nasdaq Global Select US USD 10. Aug 2012
DB PF3 Common Stock Deutsche Boerse AG DE EUR 10. Aug 2012
Number of employees
Current staff
Staff numbers
1,892
Performant Financial employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/18 00:36
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/05/13
Last earnings filing: 2019/08/14
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.