NasdaqGS:CCRN

Stock Analysis Report

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Executive Summary

Cross Country Healthcare, Inc. provides talent management and other consultative services for healthcare clients in the United States.


Snowflake Analysis

Excellent balance sheet and fair value.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-4.2%

CCRN

-1.0%

US Healthcare

2.3%

US Market


1 Year Return

-38.0%

CCRN

12.3%

US Healthcare

6.7%

US Market

Return vs Industry: CCRN underperformed the US Healthcare industry which returned 12.3% over the past year.

Return vs Market: CCRN underperformed the US Market which returned 6.7% over the past year.


Shareholder returns

CCRNIndustryMarket
7 Day-4.2%-1.0%2.3%
30 Day-12.2%-7.0%-0.7%
90 Day-13.4%9.1%17.1%
1 Year-38.0%-38.0%13.8%12.3%9.0%6.7%
3 Year-53.6%-53.6%27.6%21.9%36.7%27.8%
5 Year-56.1%-56.1%35.2%25.9%65.2%46.9%

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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CCRN ($5.7) is trading below our estimate of fair value ($24.08)

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


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 good value based on its PB Ratio (1.3x) compared to the US Healthcare industry average (2.7x).


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?

92.5%

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 (2.2%).

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 (2.3% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: CCRN's revenue (2.3% 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 (7.5%).


Next Steps

Past Performance

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

-32.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CCRN is currently unprofitable.

Growing Profit Margin: CCRN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CCRN is unprofitable, and losses have increased over the past 5 years at a rate of -32.5% 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 (10.1%).


Return on Equity

High ROE: CCRN has a negative Return on Equity (-34.9%), as it is currently unprofitable.


Next Steps

Financial Health

How is Cross Country Healthcare's financial position?


Financial Position Analysis

Short Term Liabilities: CCRN's short term assets ($190.6M) exceed its short term liabilities ($99.0M).

Long Term Liabilities: CCRN's short term assets ($190.6M) exceed its long term liabilities ($126.6M).


Debt to Equity History and Analysis

Debt Level: CCRN's debt to equity ratio (46.4%) is considered high.

Reducing Debt: CCRN's debt to equity ratio has reduced from 56.1% to 46.4% 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 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, due to free cash flow being positive and growing by 20.9% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate CCRN'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 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

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

1.5yrs

Average management tenure


CEO

Kevin Clark (59yo)

1.5yrs

Tenure

US$3,458,440

Compensation

Mr. Kevin Cronin Clark serves as the Chief Executive Officer of OGH, LLC. Mr. Clark serves as the Chairman and Chief Executive Officer of Onward Healthcare. He is a Co-Founder of Cross Country Healthcare,  ...


CEO Compensation Analysis

Compensation vs Market: Kevin's total compensation ($USD3.46M) is above average for companies of similar size in the US market ($USD1.34M).

Compensation vs Earnings: Insufficient data to compare Kevin's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Kevin Clark
Co-Founder1.5yrsUS$3.46m1.38% $2.9m
William Burns
Executive VP1.42yrsUS$1.35m0.68% $1.4m
Stephen Saville
Executive Vice President of Operations1.25yrsUS$943.38k0.17% $362.2k
Christopher Pizzi
Senior VP & Chief Accounting Officer1.42yrsUS$607.48k0.13% $283.1k
Susan Ball
Executive VP16.17yrsUS$919.55k0.57% $1.2m
Buffy White
President of Workforce Solutions & Servicesno dataUS$872.92k0.17% $372.3k
William Halnon
Chief Information Officer3.42yrsno data0.12% $265.5k
Corrie Keller
Director of Corporate Communicationsno datano datano data
Kip Havel
Senior VP & Chief Marketing Officer2yrsno data0.031% $66.9k
Colin McDonald
Senior Vice President of Human Resourcesno datano data0.057% $122.1k

1.5yrs

Average Tenure

52yo

Average Age

Experienced Management: CCRN's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Kevin Clark
Co-Founder1.5yrsUS$3.46m1.38% $2.9m
Thomas Dircks
Independent Chairman of the Board6.92yrsUS$265.00k0.49% $1.0m
Mark Perlberg
Independent Director5.17yrsUS$180.00k0.18% $379.3k
W. Cash
Lead Independent Director1.5yrsUS$230.00k0.44% $945.5k
Gale Fitzgerald
Independent Director13.17yrsUS$190.00k0.39% $832.0k
Joseph Trunfio
Independent Director18.75yrsUS$195.00k0.50% $1.1m
Darrell Freeman
Independent Director1.92yrsUS$180.00k0.13% $284.9k
Janice Nevin
Independent Director0.17yrno data0.048% $102.1k

3.5yrs

Average Tenure

63yo

Average Age

Experienced Board: CCRN's board of directors are considered experienced (3.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CCRN 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

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: 1986
  • Industry: Health Care Services
  • Sector: Healthcare
  • Market Cap: US$213.525m
  • Shares outstanding: 37.46m
  • 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 talent management and other consultative services for healthcare clients in the United States. The company operates in three segments: Nurse and Allied Staffing, Physician Staffing, and Search. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing; short-term staffing of registered nurses, licensed practical nurses, certified nurse assistants, practitioners, pharmacists, and other allied professionals on per diem and short-term assignments; and travel allied professionals on long-term contract assignments, as well as workforce solutions, including MSP, OWS, RPO, IRP, EMR, and consulting services. It serves public and private acute care and non-acute care hospitals, government facilities, public and charter schools, outpatient clinics, ambulatory care facilities, physician practice groups, retailers, and other healthcare providers under the Cross Country brand. The Physician Staffing segment provides physicians in various specialties, certified registered nurse anesthetists, nurse practitioners, and physician assistants under the Cross Country Locums brand as independent contractors on temporary assignments at various healthcare facilities, such as acute and non-acute care facilities, medical group practices, government facilities, and managed care organizations. The Search segment offers retained and contingent search services for physicians, healthcare executives, and other healthcare professionals, as well as recruitment process outsourcing. The company was founded in 1986 and is headquartered in Boca Raton, Florida. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/09 23:59
End of Day Share Price2020/07/09 00:00
Earnings2020/03/31
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.