CorVel
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CorVel Corporation provides workers’ compensation solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. The last earnings update was 68 days ago. More info.
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CRVL Share Price and Events
7 Day Returns
1 Year Returns
CRVL Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| CorVel (CRVL) | 1.2% | 3.3% | 5.8% | 31% | 55.6% | 36.5% |
| US Healthcare | -3.9% | -4.5% | -6% | -0.6% | 18.2% | 68.1% |
| US Market | 0.4% | 2.6% | 11% | 6.8% | 38.1% | 45.7% |
1 Year Return vs Industry and Market
- CRVL outperformed the Healthcare industry which returned -0.6% over the past year.
- CRVL outperformed the Market in United States of America which returned 6.8% over the past year.
CRVL Value
Is CorVel 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
Here we compare the current
share
price of
CorVel
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for CorVel.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Extrapolated from most recent financials. | See below |
| Discount Rate (Cost of Equity) | See below | 7.6% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Healthcare Unlevered Beta | Simply Wall St/ S&P Global | 0.72 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.721 (1 + (1- 21%) (0%)) |
0.813 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.81 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.813 * 5.96%) |
7.58% |
Discounted Cash Flow Calculation for NasdaqGS:CRVL using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for CorVel is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 7.58%) |
|
|---|---|---|---|
| 2019 | 64.61 | Est @ 20.01% | 60.06 |
| 2020 | 74.19 | Est @ 14.82% | 64.10 |
| 2021 | 82.49 | Est @ 11.2% | 66.26 |
| 2022 | 89.63 | Est @ 8.66% | 66.93 |
| 2023 | 95.80 | Est @ 6.88% | 66.49 |
| 2024 | 101.20 | Est @ 5.63% | 65.29 |
| 2025 | 106.02 | Est @ 4.76% | 63.58 |
| 2026 | 110.42 | Est @ 4.15% | 61.56 |
| 2027 | 114.53 | Est @ 3.73% | 59.36 |
| 2028 | 118.46 | Est @ 3.43% | 57.07 |
| Present value of next 10 years cash flows | $630.69 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $118.46 × (1 + 2.73%) ÷ (7.58% – 2.73%) |
$2,510.75 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $2,510.75 ÷ (1 + 7.58%)10 |
$1,209.53 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $630.69 + $1,209.53 |
$1,840.22 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $1,840.22 / 18.64 |
$98.73 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $98.73 |
| Current discount | Discount to share price of
$67.39
= -1 x ($67.39 - $98.73) / $98.73 |
31.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- CorVel's share price is below the future cash flow value, and at a moderate discount (> 20%).
- CorVel's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 CorVel's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
CorVel's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $2.32 |
| NasdaqGS:CRVL Share Price ** | NasdaqGS (2019-04-16) in USD | $67.39 |
| United States of America Healthcare Industry PE Ratio | Median Figure of 53 Publicly-Listed Healthcare Companies | 23.08x |
| United States of America Market PE Ratio | Median Figure of 3,072 Publicly-Listed Companies | 18.08x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of CorVel.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:CRVL Share Price ÷ EPS (both in USD) = 67.39 ÷ 2.32 |
29x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- CorVel is overvalued based on earnings compared to the US Healthcare industry average.
- CorVel is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
CorVel's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 29x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
6.1%per year |
| United States of America Healthcare Industry PEG Ratio | Median Figure of 40 Publicly-Listed Healthcare Companies | 1.59x |
| United States of America Market PEG Ratio | Median Figure of 2,107 Publicly-Listed Companies | 1.56x |
*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 CorVel, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
CorVel's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $10.28 |
| NasdaqGS:CRVL Share Price * | NasdaqGS (2019-04-16) in USD | $67.39 |
| United States of America Healthcare Industry PB Ratio | Median Figure of 93 Publicly-Listed Healthcare Companies | 2.39x |
| United States of America Market PB Ratio | Median Figure of 5,176 Publicly-Listed Companies | 1.91x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:CRVL Share Price ÷ Book Value per Share (both in USD) = 67.39 ÷ 10.28 |
6.55x |
* Primary Listing of CorVel.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- CorVel is overvalued based on assets compared to the US Healthcare industry average.
Value checks
We assess CorVel's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Healthcare industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Healthcare industry average (and greater than 0)? (1 check) CorVel 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.
CRVL Future Performance
How is CorVel expected to perform in the next 1 to 3 years based on estimates from 0 analysts?
- No analysts cover CorVel, future earnings growth has been estimated based on fundamentals.
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!
Earnings growth vs Low Risk Savings
- CorVel's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- CorVel's earnings growth is positive but not above the United States of America market average.
- Unable to compare CorVel's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:CRVL Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts | 6.1% |
| United States of America Healthcare Industry Earnings Growth Rate | Market Cap Weighted Average | 13.1% |
| United States of America Healthcare Industry Revenue Growth Rate | Market Cap Weighted Average | 7.2% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 588 | 80 | 44 |
| 2018-09-30 | 583 | 80 | 43 |
| 2018-06-30 | 571 | 64 | 39 |
| 2018-03-31 | 558 | 62 | 36 |
| 2017-12-31 | 548 | 65 | 35 |
| 2017-09-30 | 536 | 62 | 32 |
| 2017-06-30 | 528 | 65 | 31 |
| 2017-03-31 | 519 | 52 | 29 |
| 2016-12-31 | 513 | 51 | 28 |
| 2016-09-30 | 509 | 47 | 28 |
| 2016-06-30 | 505 | 44 | 29 |
| 2016-03-31 | 504 | 51 | 29 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from CorVel Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 2.32 |
| 2018-09-30 | 2.28 |
| 2018-06-30 | 2.05 |
| 2018-03-31 | 1.90 |
| 2017-12-31 | 1.84 |
| 2017-09-30 | 1.69 |
| 2017-06-30 | 1.60 |
| 2017-03-31 | 1.52 |
| 2016-12-31 | 1.44 |
| 2016-09-30 | 1.42 |
| 2016-06-30 | 1.48 |
| 2016-03-31 | 1.44 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess CorVel's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
CorVel has a total score of 1/6, 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.
CRVL Past Performance
How has CorVel 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
Past Earnings growth analysis
- CorVel's year on year earnings growth rate has been positive over the past 5 years.
- CorVel's 1-year earnings growth exceeds its 5-year average (26.2% vs 4.7%)
- CorVel's earnings growth has exceeded the US Healthcare industry average in the past year (26.2% vs 7.3%).
Earnings and Revenue History
All data from CorVel Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 588.23 | 43.82 | 62.39 | |
| 2018-09-30 | 582.88 | 43.09 | 62.08 | |
| 2018-06-30 | 571.14 | 38.70 | 60.66 | |
| 2018-03-31 | 558.35 | 35.70 | 59.35 | |
| 2017-12-31 | 548.38 | 34.72 | 58.80 | |
| 2017-09-30 | 536.05 | 32.20 | 57.44 | |
| 2017-06-30 | 527.84 | 30.76 | 58.41 | |
| 2017-03-31 | 518.69 | 29.48 | 57.24 | |
| 2016-12-31 | 513.38 | 28.16 | 58.05 | |
| 2016-09-30 | 508.86 | 27.80 | 58.42 | |
| 2016-06-30 | 505.10 | 29.12 | 56.98 | |
| 2016-03-31 | 503.58 | 28.53 | 58.48 | |
| 2015-12-31 | 497.49 | 27.44 | 56.29 | |
| 2015-09-30 | 495.95 | 27.58 | 55.62 | |
| 2015-06-30 | 495.20 | 27.19 | 55.16 | |
| 2015-03-31 | 492.63 | 28.59 | 54.41 | |
| 2014-12-31 | 490.68 | 31.35 | 54.49 | |
| 2014-09-30 | 489.42 | 33.29 | 53.86 | |
| 2014-06-30 | 485.07 | 34.08 | 53.34 | |
| 2014-03-31 | 478.82 | 34.39 | 51.97 | |
| 2013-12-31 | 470.53 | 33.64 | 50.17 | |
| 2013-09-30 | 456.72 | 30.79 | 48.68 | |
| 2013-06-30 | 442.82 | 28.74 | 48.43 | |
| 2013-03-31 | 429.31 | 26.73 | 47.77 | |
| 2012-12-31 | 421.78 | 24.22 | 49.05 | |
| 2012-09-30 | 415.87 | 23.70 | 49.67 | |
| 2012-06-30 | 414.97 | 24.95 | 50.29 |
*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.
- CorVel has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- CorVel used its assets more efficiently than the US Healthcare industry average last year based on Return on Assets.
- CorVel's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess CorVel's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Healthcare industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
CorVel has a total score of 5/6, 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.
CRVL Health
How is CorVel'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 CorVel's finances.
The net worth of a company is the difference between its assets and liabilities.
- CorVel is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- CorVel's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- CorVel has no debt, it does not need to be covered by short term assets.
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.
All data from CorVel Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 192.27 | 0.00 | 96.48 |
| 2018-09-30 | 190.06 | 0.00 | 90.13 |
| 2018-06-30 | 181.87 | 0.00 | 73.34 |
| 2018-03-31 | 171.18 | 0.00 | 55.77 |
| 2017-12-31 | 160.18 | 0.00 | 53.59 |
| 2017-09-30 | 147.70 | 0.00 | 38.13 |
| 2017-06-30 | 138.66 | 0.00 | 35.01 |
| 2017-03-31 | 138.65 | 0.00 | 28.61 |
| 2016-12-31 | 143.00 | 0.00 | 38.81 |
| 2016-09-30 | 146.15 | 0.00 | 40.86 |
| 2016-06-30 | 140.55 | 0.00 | 36.23 |
| 2016-03-31 | 131.95 | 0.00 | 32.78 |
| 2015-12-31 | 128.06 | 0.00 | 26.50 |
| 2015-09-30 | 127.60 | 0.00 | 24.89 |
| 2015-06-30 | 127.20 | 0.00 | 27.10 |
| 2015-03-31 | 127.92 | 0.00 | 25.52 |
| 2014-12-31 | 130.39 | 0.00 | 31.03 |
| 2014-09-30 | 132.20 | 0.00 | 28.16 |
| 2014-06-30 | 130.52 | 0.00 | 34.13 |
| 2014-03-31 | 126.52 | 0.00 | 34.87 |
| 2013-12-31 | 119.00 | 0.00 | 32.75 |
| 2013-09-30 | 112.39 | 0.00 | 22.19 |
| 2013-06-30 | 114.31 | 0.00 | 25.03 |
| 2013-03-31 | 111.40 | 0.00 | 19.82 |
| 2012-12-31 | 109.97 | 0.00 | 20.77 |
| 2012-09-30 | 119.89 | 0.00 | 20.01 |
| 2012-06-30 | 115.19 | 0.00 | 14.57 |
- CorVel has no debt.
- CorVel has not taken on any debt in the past 5 years.
- CorVel has no debt, it does not need to be covered by operating cash flow.
- CorVel has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess CorVel's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) CorVel has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
CRVL Dividends
What is CorVel'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
If you bought
$2,000 of
CorVel
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate CorVel's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate CorVel'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.
| 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 0 Analyst Estimates (S&P Global) | See Below |
| United States of America Healthcare Industry Average Dividend Yield | Market Cap Weighted Average of 21 Stocks | 1.6% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2008 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as CorVel has not reported any payouts.
- Unable to verify if CorVel's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess CorVel's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can CorVel afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) CorVel 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.
CRVL Management
CEO
| COMPENSATION | $1,452,117 |
| AGE | 54 |
| TENURE AS CEO | 0.3 years |
CEO Bio
Mr. Michael G. Combs has been as the President of CorVel Corporation since April 1, 2017 and has been its Chief Executive Officer since January 18, 2019. Mr. Combs Chief Information Officer at CorVel Corp from April 30, 2015 to April 2017. Mr. Combs has been with CorVel for 25 years, joining it as a software engineer in October 1991. His prior positions include Vice President of MedCheck Development and a promotion to Deputy Chief Information Officer in 2014. Prior to joining Company, he was with Science Applications International Corporation as a Software Engineer where he developed software for the Naval Oceans System Center Anti-Submarine Warfare program. Mr. Combs holds a Bachelor’s degree in Computer Science from San Diego State University.
CEO Compensation
- Michael's compensation has increased by more than 20% in the past year.
- Michael's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the CorVel management team in years:
- The tenure for the CorVel management team is about average.
Management Team
Victor Clemons
Chairman & COO
$401K
74
7 yrs
Michael Combs
President & CEO
$1M
54
0.3 yrs
Richard Schweppe
Chief Financial Officer & Secretary
$223K
63
Maxim Shishin
Chief Information Officer
$466K
43
2 yrs
Diane Blaha
Chief Marketing Officer
$682K
63
2.4 yrs
Michael Saverien
Executive Vice President of Risk Management Services
$651K
47
2 yrs
Brandon O’Brien
Chief Financial Officer
38
0.5 yrs
Jennifer Yoss
VP of Accounting & Principal Accounting Officer
40
4.8 yrs
Stefani Wendel
Investor Relation
Sharon O'Connor
Vice President of Legal & Human Resources
3 yrs
Board of Directors Tenure
Average tenure and age of the CorVel board of directors in years:
- The average tenure for the CorVel board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Victor Clemons
Chairman & COO
$401K
74
28 yrs
R. Jessup
Lead Independent Director
$80K
70
Alan Hoops
Director
$70K
70
15.9 yrs
Steve Hamerslag
Director
$69K
61
27.9 yrs
Jeff Michael
Director
$67K
61
28.6 yrs
Jean Macino
Director
$67K
75
11.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 30. Nov 18 | Sell | Victor Clemons | Individual | 28. Nov 18 | 28. Nov 18 | -1,000 | $66.35 | $-66,345 | ||
| 29. Nov 18 | Sell | R. Jessup | Individual | 27. Nov 18 | 28. Nov 18 | -3,000 | $66.14 | $-197,674 | ||
| 27. Nov 18 | Sell | Victor Clemons | Individual | 23. Nov 18 | 26. Nov 18 | -1,700 | $65.83 | $-111,583 | ||
| 21. Nov 18 | Sell | Victor Clemons | Individual | 20. Nov 18 | 21. Nov 18 | -2,200 | $65.24 | $-143,441 | ||
| 19. Nov 18 | Sell | Victor Clemons | Individual | 15. Nov 18 | 19. Nov 18 | -4,700 | $65.48 | $-305,720 | ||
| 14. Nov 18 | Sell | Victor Clemons | Individual | 12. Nov 18 | 14. Nov 18 | -722 | $64.52 | $-46,577 | ||
| 09. Nov 18 | Sell | Victor Clemons | Individual | 07. Nov 18 | 08. Nov 18 | -2,600 | $65.40 | $-169,420 | ||
| 06. Nov 18 | Sell | Victor Clemons | Individual | 02. Nov 18 | 06. Nov 18 | -3,000 | $63.81 | $-187,022 | ||
| 07. Sep 18 | Sell | Victor Clemons | Individual | 05. Sep 18 | 06. Sep 18 | -2,000 | $60.00 | $-119,500 | ||
| 30. Aug 18 | Sell | Victor Clemons | Individual | 28. Aug 18 | 29. Aug 18 | -2,500 | $60.40 | $-150,550 | ||
| 27. Aug 18 | Sell | Victor Clemons | Individual | 23. Aug 18 | 24. Aug 18 | -802 | $60.35 | $-48,376 | ||
| 27. Aug 18 | Sell | Corstar Holdings, Inc. | Company | 23. Aug 18 | 24. Aug 18 | -4,741 | $60.42 | $-285,903 | ||
| 22. Aug 18 | Sell | Victor Clemons | Individual | 20. Aug 18 | 22. Aug 18 | -4,916 | $60.33 | $-294,177 | ||
| 15. Aug 18 | Sell | Victor Clemons | Individual | 13. Aug 18 | 14. Aug 18 | -3,000 | $58.78 | $-172,814 | ||
| 08. Aug 18 | Sell | Victor Clemons | Individual | 06. Aug 18 | 08. Aug 18 | -2,929 | $57.00 | $-166,578 | ||
| 18. Jun 18 | Sell | Corstar Holdings, Inc. | Company | 14. Jun 18 | 15. Jun 18 | -30,985 | $51.54 | $-1,596,648 | ||
| 12. Jun 18 | Sell | Corstar Holdings, Inc. | Company | 08. Jun 18 | 11. Jun 18 | -17,584 | $52.03 | $-914,469 | ||
| 08. Jun 18 | Sell | Victor Clemons | Individual | 06. Jun 18 | 06. Jun 18 | -5,000 | $51.59 | $-257,943 | ||
| 08. Jun 18 | Sell | R. Jessup | Individual | 04. Jun 18 | 05. Jun 18 | -6,000 | $52.33 | $-309,272 | ||
| 08. Jun 18 | Sell | Corstar Holdings, Inc. | Company | 05. Jun 18 | 07. Jun 18 | -2,009 | $52.14 | $-104,649 | ||
Management checks
We assess CorVel's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) CorVel 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.
CRVL News
Simply Wall St News
How CorVel Corporation (NASDAQ:CRVL) Could Add Value To Your Portfolio
CorVel Corporation (NASDAQ:CRVL) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of CRVL, it.
Simply Wall St - – Full articleDoes CorVel Corporation's (NASDAQ:CRVL) 26% Earnings Growth Reflect The Long-Term Trend?
After looking at CorVel Corporation's (NASDAQ:CRVL) latest earnings update (31 December 2018), I found it helpful to revisit the company's performance in the past couple of years and compare this against the latest numbers. … How CRVL fared against its long-term earnings performance and its industry. … CRVL's trailing twelve-month earnings (from 31 December 2018) of US$44m has
Simply Wall St - – Full articleIf You Had Bought CorVel Shares Three Years Ago You'd Have Made 64%
For example, the CorVel Corporation (NASDAQ:CRVL) share price is up 64% in the last three years, clearly besting than the market return of around 41% (not including dividends). … One flawed but reasonable way to assess how sentiment around a company has changed, is to compare the earnings per share (EPS) with the share price. … CorVel was able to grow its EPS at 19% per year over three years, sending the share price higher.
Simply Wall St - – Full articleShould You Like CorVel Corporation’s (NASDAQ:CRVL) High Return On Capital Employed?
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. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleWhy CorVel Corporation (NASDAQ:CRVL) Looks Like A Quality Company
Our data shows CorVel has a return on equity of 23% for the last year. … That means that for every $1 worth of shareholders' equity, it generated $0.23 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleIs CorVel Corporation (NASDAQ:CRVL) A Financially Sound Company?
CorVel Corporation (NASDAQ:CRVL), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … Is CRVL growing fast enough to value financial flexibility over lower cost of capital. … Debt capital generally has lower cost of capital compared to equity funding
Simply Wall St - – Full articleRead This Before Buying CorVel Corporation (NASDAQ:CRVL) Shares
So shareholders might well want to know whether insiders have been buying or selling shares in CorVel Corporation (NASDAQ:CRVL). … That means that an insider was selling shares at below the current price (US$64.26). … It's not ideal to see that insiders have sold at around the current price
Simply Wall St - – Full articleWith 34% Earnings Growth, Did CorVel Corporation (NASDAQ:CRVL) Outperform The Industry?
Today I will take a look at CorVel Corporation's (NASDAQ:CRVL) most recent earnings update (30 September 2018) and compare these latest figures against its performance over the past few years, as well as how the rest of the healthcare industry performed. … Did CRVL's recent earnings growth beat the long-term trend and the industry. … CRVL's trailing twelve-month earnings (from 30 September 2018) of US$43m has.
Simply Wall St - – Full articleIs CorVel Corporation's (NASDAQ:CRVL) CEO Overpaid Relative To Its Peers?
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Victor Clemons's Compensation Compare With Similar Sized Companies. … Most shareholders would consider it a positive that Victor Clemons takes less compensation than the CEOs of most similar size companies, leaving more for shareholders.
Simply Wall St - – Full articleInterested In CorVel Corporation (NASDAQ:CRVL)? Here's How It Performed Recently
Below, I will examine CorVel Corporation's (NASDAQ:CRVL) track record on a high level, to give you some insight into how the company has been performing against its long term trend and its industry peers. … Did CRVL's recent earnings growth beat the long-term trend and the industry. … CRVL's trailing twelve-month earnings (from 30 June 2018) of US$38.70m has
Simply Wall St - – Full articleCRVL Company Info
Description
CorVel Corporation provides workers’ compensation solutions for employers, third party administrators, insurance companies, and government agencies seeking to control costs and promote positive outcomes. It applies technology, intelligence, and a human touch to the risk management process that enables its clients to intervene early and connected to the critical intelligence they need to proactively manage risk. The company offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement services, retrospective utilization review, facility claim review, professional review, pharmacy services, directed care services, medicare solutions, clearinghouse services, independent medical examinations, and inpatient medical bill review. It also provides a range of patient management services comprising claims management, case management, 24/7 nurse triage, utilization management, vocational rehabilitation, life care planning, disability management, liability claims management, and auto claims management services. CorVel Corporation was incorporated in 1987 and is based in Irvine, California.
Details
| Name: | CorVel Corporation |
| CRVL | |
| Exchange: | NasdaqGS |
| Founded: | 1987 |
| $1,256,026,882 | |
| 18,638,179 | |
| Website: | http://www.corvel.com |
| Address: |
CorVel Corporation 2010 Main Street, Suite 600, Irvine, California, 92614, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | CRVL | Common Stock | Nasdaq Global Select | US | USD | 28. Jun 1991 |
Number of employees
Current staff
Industry
| Health Care Services | |
| Healthcare |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/16 23:35 |
| End of day share price update: | 2019/04/16 00:00 |
| Last earnings filing: | 2019/02/07 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/03/31 |
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.
