NasdaqGS:PFMT

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Reasonable growth potential with imperfect balance sheet.

Risks

  • Performant Financial has significant price volatility in the past 3 months.
  • Performant Financial is covered by less than 3 analysts.

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


Market Performance


7 Day Return

-5.9%

NasdaqGS:PFMT

-0.08%

US Commercial Services

0.2%

US Market


1 Year Return

-47.1%

NasdaqGS:PFMT

5.1%

US Commercial Services

-0.7%

US Market

PFMT underperformed the Commercial Services industry which returned 6.4% over the past year.

PFMT underperformed the Market in United States of America which returned 0.3% over the past year.


Share holder returns

PFMTIndustryMarket
7 Day-5.9%-0.08%0.2%
30 Day-14.6%-1.1%-2.7%
90 Day-23.4%2.7%1.6%
1 Year-47.1%-47.1%9.2%5.1%1.6%-0.7%
3 Year-47.9%-47.9%62.8%51.8%40.0%30.9%
5 Year-88.5%-88.5%95.5%75.9%53.8%36.8%

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 based on future cash flows and its price relative to the stock market?

0.93x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Performant Financial to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Performant Financial to establish if it is available at substantial discount.


Price Based on Earnings

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

Unable to calculate PEG ratio for Performant Financial, we can't assess if its growth is good value.


Price Based on Value of Assets

Performant Financial is good value based on assets compared to the US Commercial Services industry average.


Next Steps

Future Growth

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

89.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Performant Financial's revenue is expected to grow by 17.1% yearly, however this is not considered high growth (20% yearly).

Performant Financial's earnings are expected to grow significantly at over 20% yearly.

Performant Financial's revenue growth is expected to exceed the United States of America market average.

Performant Financial's earnings growth is expected to exceed the United States of America market average.

Performant Financial's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Performant Financial will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.


Next Steps

Past Performance

How has Performant Financial performed over the past 5 years?

-60.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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.


Return on Equity

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.


Return on Assets

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.


Return on Capital Employed

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.


Next Steps

Financial Health

How is Performant Financial's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

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.


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.5x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

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.

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

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.


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Lisa Im (54yo)

15.3yrs

Tenure

US$423,848

Compensation

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

Lisa's remuneration is about average for companies of similar size in United States of America.

Lisa's compensation has increased whilst company is loss making.


Management Age and Tenure

2.8yrs

Average Tenure

57.5yo

Average Age

The tenure for the Performant Financial management team is about average.


Board Age and Tenure

5.5yrs

Average Tenure

54yo

Average Age

The tenure for the Performant Financial board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Ian Johnston (64yo)

    Vice President

    • Tenure: 2.1yrs
    • Compensation: US$387.05k
  • Lisa Im (54yo)

    Chairman & CEO

    • Tenure: 15.3yrs
    • Compensation: US$423.85k
  • Hal Leach (61yo)

    Chief Compliance Officer

    • Tenure: 3.3yrs
    • Compensation: US$551.82k
  • Jeff Nelson

    Vice President of Technology

    • Tenure: 0.0yrs
  • Simeon Kohl (52yo)

    VP of Healthcare & GM of Healthcare

    • Tenure: 2.3yrs
    • Compensation: US$424.25k
  • Richard Zubek

    Investor Relations Professional

    • Tenure: 0.0yrs

Board Members

  • Jeffrey Stein (54yo)

    Director

    • Tenure: 0.3yrs
  • Todd Ford (52yo)

    Director

    • Tenure: 7.8yrs
    • Compensation: US$136.00k
  • William Hansen (60yo)

    Lead Independent Director

    • Tenure: 5.5yrs
    • Compensation: US$136.00k
  • Lisa Im (54yo)

    Chairman & CEO

    • Tenure: 15.3yrs
    • Compensation: US$423.85k
  • Brad Fluegel (57yo)

    Director

    • Tenure: 5.5yrs
    • Compensation: US$122.00k

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$59.560m
  • Shares outstanding: 53.66m
  • 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 Analysis2019/08/21 00:20
End of Day Share Price2019/08/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.