NasdaqGS:PFMT

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Executive Summary

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


Snowflake Analysis

Fair value with mediocre balance sheet.


Similar Companies

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: PFMT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.7%

PFMT

1.8%

US Commercial Services

1.8%

US Market


1 Year Return

-41.9%

PFMT

8.3%

US Commercial Services

14.2%

US Market

Return vs Industry: PFMT underperformed the US Commercial Services industry which returned 8.3% over the past year.

Return vs Market: PFMT underperformed the US Market which returned 14.2% over the past year.


Shareholder returns

PFMTIndustryMarket
7 Day-1.7%1.8%1.8%
30 Day-0.2%1.0%0.04%
90 Day-1.7%16.1%9.8%
1 Year-41.9%-41.9%10.0%8.3%16.7%14.2%
3 Year-67.1%-67.1%49.8%40.2%41.6%32.2%
5 Year-74.8%-74.8%110.1%88.9%90.9%69.5%

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

Valuation

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

36.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PFMT ($0.64) is trading below our estimate of fair value ($1.01)

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 good value based on its PB Ratio (1x) compared to the US Commercial Services industry average (1.6x).


Next Steps

Future Growth

How is Performant Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

26.6%

Forecasted Commercial Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Performant Financial has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Performant Financial performed over the past 5 years?

-41.6%

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 41.6% 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 (-8%).


Return on Equity

High ROE: PFMT has a negative Return on Equity (-90.24%), as it is currently unprofitable.


Next Steps

Financial Health

How is Performant Financial's financial position?


Financial Position Analysis

Short Term Liabilities: PFMT's short term assets ($43.6M) exceed its short term liabilities ($16.5M).

Long Term Liabilities: PFMT's short term assets ($43.6M) do not cover its long term liabilities ($65.0M).


Debt to Equity History and Analysis

Debt Level: PFMT's debt to equity ratio (173.9%) is considered high.

Reducing Debt: PFMT's debt to equity ratio has increased from 111.6% to 173.9% 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 55.3% per year.


Next Steps

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?

3.9yrs

Average management tenure


CEO

Lisa Im (55 yo)

16.42yrs

Tenure

US$422,102

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 ($USD422.10K) is about average for companies of similar size in the US market ($USD594.44K).

Compensation vs Earnings: Lisa's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Lisa Im
Chairman16.42yrsUS$422.10k2.59%
$ 904.8k
Ian Johnston
VP & Chief Accounting Officer3.42yrsUS$377.90k0.24%
$ 83.0k
Harold Leach
Chief Compliance Officer4.42yrsUS$267.01k0.86%
$ 302.1k
Simeon Kohl
VP of Healthcare & GM of Healthcare3.42yrsUS$395.10k0.18%
$ 64.5k
Rohit Ramchandani
Vice President of Finance & Strategyno datano datano data
Jeffrey Nelson
Vice President of Technologyno datano datano data
Richard Zubek
Investor Relations Professionalno datano datano data

3.9yrs

Average Tenure

58.5yo

Average Age

Experienced Management: PFMT's management team is considered experienced (3.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Lisa Im
Chairman16.42yrsUS$422.10k2.59%
$ 904.8k
William Hansen
Lead Independent Director6.58yrsUS$136.00k0.28%
$ 97.5k
Bradley Fluegel
Independent Director6.58yrsUS$127.00k0.30%
$ 106.1k
Eric Yanagi
Independent Director0.33yrno datano data
James LaCamp
Director0.83yrUS$182.63k0.00082%
$ 286.6

6.1yrs

Average Tenure

56.5yo

Average Age

Experienced Board: PFMT's board of directors are considered experienced (6.1 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Performant Financial Corporation's company bio, 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$34.950m
  • Shares outstanding: 54.71m
  • Website: https://performantcorp.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PFMTNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDAug 2012
PF3DB (Deutsche Boerse AG)YesCommon StockDEEURAug 2012

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/18 06:17
End of Day Share Price2020/09/17 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.