NasdaqGS:CCRN

Stock Analysis Report

Executive Summary

Cross Country Healthcare, Inc. provides healthcare staffing, recruiting, and workforce solutions in the United States.

Snowflake

Fundamentals

Excellent balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has Cross Country Healthcare's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CCRN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.4%

CCRN

3.9%

US Healthcare

0.7%

US Market


1 Year Return

43.0%

CCRN

-0.3%

US Healthcare

12.9%

US Market

Return vs Industry: CCRN exceeded the US Healthcare industry which returned -0.3% over the past year.

Return vs Market: CCRN exceeded the US Market which returned 12.9% over the past year.


Shareholder returns

CCRNIndustryMarket
7 Day-3.4%3.9%0.7%
30 Day14.8%13.5%4.4%
90 Day22.1%11.0%7.2%
1 Year43.0%43.0%1.4%-0.3%15.4%12.9%
3 Year-18.2%-18.2%52.0%45.1%49.1%39.5%
5 Year22.9%22.9%69.9%58.3%62.7%44.7%

Price Volatility Vs. Market

How volatile is Cross Country Healthcare's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Cross Country Healthcare undervalued compared to its fair value and its price relative to the market?

37.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CCRN ($12.23) is trading below our estimate of fair value ($19.65)

Significantly Below Fair Value: CCRN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CCRN is unprofitable, so we can't compare its PE Ratio to the Healthcare industry average.

PE vs Market: CCRN 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 CCRN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CCRN is overvalued based on its PB Ratio (2.7x) compared to the US Healthcare industry average (2.6x).


Next Steps

Future Growth

How is Cross Country Healthcare forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

110.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCRN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.7%).

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

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

Revenue vs Market: CCRN's revenue (4% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: CCRN's revenue (4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CCRN's Return on Equity is forecast to be low in 3 years time (9.8%).


Next Steps

Past Performance

How has Cross Country Healthcare performed over the past 5 years?

3.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CCRN has large one-off items impacting its financial results.

Growing Profit Margin: CCRN's current net profit margins (-9.4%) are lower than last year (3.7%).


Past Earnings Growth Analysis

Earnings Trend: CCRN is unprofitable, but has reduced losses over the past 5 years at a rate of 3.8% per year.

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

Earnings vs Industry: CCRN is unprofitable, making it difficult to compare its past year earnings growth to the Healthcare industry (9.7%).


Return on Equity

High ROE: CCRN has a negative Return on Equity (-45.64%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Cross Country Healthcare's financial position?


Financial Position Analysis

Short Term Liabilities: CCRN's short term assets ($189.7M) exceeds its short term liabilities ($93.5M)

Long Term Liabilities: CCRN's short term assets (189.7M) exceeds its long term liabilities (136.9M)


Debt to Equity History and Analysis

Debt Level: CCRN's debt to equity ratio (43.1%) is considered high

Reducing Debt: CCRN's debt to equity ratio has reduced from 43.5% to 43.1% over the past 5 years.


Balance Sheet

Inventory Level: CCRN has a low level of unsold assets or inventory.

Debt Coverage by Assets: CCRN's debt is covered by short term assets (assets are 2.7x debt).


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 CCRN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: CCRN is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -14.2% per year.


Next Steps

Dividend

What is Cross Country Healthcare's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.6%industryaverage1.5%forecastin3Years0%

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Next Steps

Management

What is the CEO of Cross Country Healthcare's salary, the management and board of directors tenure and is there insider trading?

1.6yrs

Average management tenure


CEO

Kevin Clark (58yo)

0.8yrs

Tenure

0

Mr. Kevin C. Clark serves as the Chief Executive Officer of OGH, LLC. Mr. Clark serves as the Chairman and Chief Executive Officer of Onward Healthcare. He serves as a President, Chief Executive Officer &  ...


Management Age and Tenure

1.6yrs

Average Tenure

52yo

Average Age

Experienced Management: CCRN's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Age and Tenure

7.3yrs

Average Tenure

65.5yo

Average Age

Experienced Board: CCRN's board of directors are considered experienced (7.3 years average tenure).


Insider Trading

Insider Buying: CCRN insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

SellUS$104,31913 Nov 19
Christopher Pizzi
EntityIndividual
Role
Chief Accounting Officer
Chief Accounting Officer
Shares8,379
Max PriceUS$12.45
BuyUS$61,95008 Nov 19
W. Cash
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,000
Max PriceUS$12.39
SellUS$308,75008 Nov 19
Richard Mastaler
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares25,000
Max PriceUS$12.35
BuyUS$66,64017 Jun 19
Kevin Clark
EntityIndividual
Role
Chief Executive Officer
President
Shares8,330
Max PriceUS$8.00

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Kevin Clark (58yo)

    President

    • Tenure: 0.8yrs
  • Bill Halnon (60yo)

    Chief Information Officer

    • Tenure: 2.8yrs
  • Susan Ball (55yo)

    Executive VP

    • Tenure: 15.5yrs
    • Compensation: US$795.01k
  • John Gramer

    President of Cejka Search

    • Tenure: 0yrs
  • Daniele Addis (59yo)

    Senior Vice President of Business Services

    • Tenure: 5.8yrs
  • Bill Burns (49yo)

    Executive VP & CFO

    • Tenure: 0.8yrs
    • Compensation: US$1.37m
  • Steve Saville

    Executive VP of Operations

    • Tenure: 0.6yrs
  • Christopher Pizzi (48yo)

    Chief Accounting Officer

    • Tenure: 0yrs
    • Compensation: US$818.64k
  • Buffy White (45yo)

    President of Travel Nurse & Allied and Workforce Solutions

    • Tenure: 1.8yrs
    • Compensation: US$595.11k
  • Kip Havel (42yo)

    Senior VP & Chief Marketing Officer

    • Tenure: 1.3yrs

Board Members

  • Tom Dircks (61yo)

    Independent Chairman of the Board

    • Tenure: 6.3yrs
    • Compensation: US$265.00k
  • Mark Perlberg (63yo)

    Independent Director

    • Tenure: 4.5yrs
    • Compensation: US$180.00k
  • W. Cash (70yo)

    Independent Director

    • Tenure: 18.1yrs
    • Compensation: US$205.00k
  • Kevin Clark (58yo)

    President

    • Tenure: 0.8yrs
  • Gale Fitzgerald (68yo)

    Independent Director

    • Tenure: 12.5yrs
    • Compensation: US$190.00k
  • Rich Mastaler (73yo)

    Independent Director

    • Tenure: 8.4yrs
    • Compensation: US$180.00k
  • Joseph Trunfio (72yo)

    Independent Director

    • Tenure: 18.1yrs
    • Compensation: US$195.00k
  • Darrell Freeman (54yo)

    Independent Director

    • Tenure: 1.3yrs
    • Compensation: US$150.01k

Company Information

Cross Country Healthcare, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cross Country Healthcare, Inc.
  • Ticker: CCRN
  • Exchange: NasdaqGS
  • Founded: 1996
  • Industry: Health Care Services
  • Sector: Healthcare
  • Market Cap: US$451.006m
  • Shares outstanding: 36.88m
  • Website: https://www.crosscountryhealthcare.com

Number of Employees


Location

  • Cross Country Healthcare, Inc.
  • 5201 Congress Avenue
  • Suite 100B
  • Boca Raton
  • Florida
  • 33487
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CCRNNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDOct 2001
XXYDB (Deutsche Boerse AG)YesCommon StockDEEUROct 2001

Biography

Cross Country Healthcare, Inc. provides healthcare staffing, recruiting, and workforce solutions in the United States. The company operates in three segments: Nurse and Allied Staffing, Physician Staffing, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/16 23:34
End of Day Share Price2019/11/15 00:00
Earnings2019/09/30
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.