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Civitas Solutions

NYSE:CIVI
Snowflake Description

Acceptable track record with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CIVI
NYSE
$639M
Market Cap
  1. Home
  2. US
  3. Healthcare
Company description

Civitas Solutions, Inc. provides home- and community-based health and human services to must-serve individuals with intellectual, developmental, behavioral, and/or medically complex challenges in the United States. The last earnings update was 37 days ago. More info.


Add to Portfolio Compare Print
  • Civitas Solutions has significant price volatility in the past 3 months.
CIVI Share Price and Events
7 Day Returns
0.1%
NYSE:CIVI
1.5%
US Healthcare
0.9%
US Market
1 Year Returns
1.1%
NYSE:CIVI
-0.3%
US Healthcare
-8%
US Market
CIVI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Civitas Solutions (CIVI) 0.1% 0.6% 14.9% 1.1% -31.5% -
US Healthcare 1.5% -4.3% -9.1% -0.3% 33% 79.5%
US Market 0.9% -0.3% -8.1% -8% 37.1% 32.9%
1 Year Return vs Industry and Market
  • CIVI outperformed the Healthcare industry which returned -0.3% over the past year.
  • CIVI outperformed the Market in United States of America which returned -8% over the past year.
Price Volatility
CIVI
Industry
5yr Volatility vs Market

Value

 Is Civitas Solutions 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 Civitas Solutions 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Civitas Solutions.

NYSE:CIVI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.2%
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:CIVI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
Healthcare Unlevered Beta Simply Wall St/ S&P Global 0.69
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.691 (1 + (1- 21%) (110.74%))
1.296
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.3
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.296 * 7.27%)
12.15%

Discounted Cash Flow Calculation for NYSE:CIVI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Civitas Solutions is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:CIVI DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 61.98 70.35 81.62 93.88 107.22
Source Analyst x1 Analyst x1 Analyst x1 Analyst x1 Analyst x1
Present Value
Discounted (@ 12.15%)
55.26 55.93 57.86 59.34 60.43
Present value of next 5 years cash flows $288.82
NYSE:CIVI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $107.22 × (1 + 2.73%) ÷ (12.15% – 2.73%)
$1,169.14
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $1,169.14 ÷ (1 + 12.15%)5
$658.93
NYSE:CIVI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $288.82 + $658.93
$947.76
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $947.76 / 36.28
$26.12
NYSE:CIVI Discount to Share Price
Calculation Result
Value per share (USD) From above. $26.12
Current discount Discount to share price of $17.60
= -1 x ($17.60 - $26.12) / $26.12
32.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Civitas Solutions is available for.
Intrinsic value
33%
Share price is $17.6 vs Future cash flow value of $26.12
Current Discount Checks
For Civitas Solutions to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Civitas Solutions's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Civitas Solutions'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 Civitas Solutions's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Civitas Solutions's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CIVI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $0.40
NYSE:CIVI Share Price ** NYSE (2019-01-18) in USD $17.6
United States of America Healthcare Industry PE Ratio Median Figure of 53 Publicly-Listed Healthcare Companies 19.75x
United States of America Market PE Ratio Median Figure of 3,018 Publicly-Listed Companies 16.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Civitas Solutions.

NYSE:CIVI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CIVI Share Price ÷ EPS (both in USD)

= 17.6 ÷ 0.40

43.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Civitas Solutions is overvalued based on earnings compared to the US Healthcare industry average.
  • Civitas Solutions is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Civitas Solutions's expected growth come at a high price?
Raw Data
NYSE:CIVI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 43.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
36%per year
United States of America Healthcare Industry PEG Ratio Median Figure of 42 Publicly-Listed Healthcare Companies 1.28x
United States of America Market PEG Ratio Median Figure of 2,101 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

NYSE:CIVI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 43.52x ÷ 36%

1.21x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Civitas Solutions is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Civitas Solutions's assets?
Raw Data
NYSE:CIVI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $4.62
NYSE:CIVI Share Price * NYSE (2019-01-18) in USD $17.6
United States of America Healthcare Industry PB Ratio Median Figure of 89 Publicly-Listed Healthcare Companies 2.4x
United States of America Market PB Ratio Median Figure of 5,086 Publicly-Listed Companies 1.72x
NYSE:CIVI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CIVI Share Price ÷ Book Value per Share (both in USD)

= 17.6 ÷ 4.62

3.81x

* Primary Listing of Civitas Solutions.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Civitas Solutions is overvalued based on assets compared to the US Healthcare industry average.
X
Value checks
We assess Civitas Solutions's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Healthcare industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Healthcare industry average (and greater than 0)? (1 check)
  5. Civitas Solutions 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.

Future Performance

 How is Civitas Solutions expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

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!
Annual Growth Rate
36%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Civitas Solutions expected to grow at an attractive rate?
  • Civitas Solutions's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Civitas Solutions's earnings growth is expected to exceed the United States of America market average.
  • Civitas Solutions's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CIVI Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CIVI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 36%
NYSE:CIVI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 4.8%
United States of America Healthcare Industry Earnings Growth Rate Market Cap Weighted Average 14.8%
United States of America Healthcare Industry Revenue Growth Rate Market Cap Weighted Average 8.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*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
Raw Data
NYSE:CIVI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CIVI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-09-30
2022-09-30
2021-09-30
2020-09-30 1,764 33 4
2019-09-30 1,679 29 4
NYSE:CIVI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 1,602 107 15
2018-06-30 1,573 94 6
2018-03-31 1,541 100 4
2017-12-31 1,511 90 12
2017-09-30 1,475 97 6
2017-06-30 1,456 117 20
2017-03-31 1,438 98 17
2016-12-31 1,421 116 19
2016-09-30 1,408 107 9
2016-06-30 1,397 100 11
2016-03-31 1,389 107 8
2015-12-31 1,378 103 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Civitas Solutions's earnings are expected to grow significantly at over 20% yearly.
  • Civitas Solutions's revenue is expected to grow by 4.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:CIVI 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 4 Analyst Estimates (S&P Global) See Below

All data from Civitas Solutions Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CIVI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-09-30
2022-09-30
2021-09-30
2020-09-30 0.91 0.98 0.88 4.00
2019-09-30 0.80 0.82 0.78 4.00
NYSE:CIVI Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 0.40
2018-06-30 0.16
2018-03-31 0.10
2017-12-31 0.31
2017-09-30 0.17
2017-06-30 0.53
2017-03-31 0.46
2016-12-31 0.52
2016-09-30 0.25
2016-06-30 0.30
2016-03-31 0.21
2015-12-31 0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Civitas Solutions will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Civitas Solutions's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Civitas Solutions has a total score of 3/6, 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.

Past Performance

  How has Civitas Solutions 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
Below we compare Civitas Solutions's growth in the last year to its industry (Healthcare).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Civitas Solutions has delivered over 20% year on year earnings growth in the past 5 years.
  • Civitas Solutions's 1-year earnings growth exceeds its 5-year average (135.1% vs 61.9%)
  • Civitas Solutions's earnings growth has exceeded the US Healthcare industry average in the past year (135.1% vs 28.2%).
Earnings and Revenue History
Civitas Solutions's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Civitas Solutions Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CIVI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 1,602.20 14.89 153.80
2018-06-30 1,573.09 5.80 170.76
2018-03-31 1,540.94 3.58 170.90
2017-12-31 1,510.53 11.55 168.92
2017-09-30 1,474.51 6.33 166.38
2017-06-30 1,456.33 19.69 165.47
2017-03-31 1,437.95 17.18 165.10
2016-12-31 1,421.23 19.21 161.09
2016-09-30 1,407.59 9.46 172.40
2016-06-30 1,396.58 11.08 173.45
2016-03-31 1,388.61 7.63 172.76
2015-12-31 1,378.10 1.88 174.46
2015-09-30 1,366.95 4.07 162.26
2015-06-30 1,343.06 -4.72 156.68
2015-03-31 1,315.25 -6.13 154.12
2014-12-31 1,286.44 -20.14 150.40
2014-09-30 1,255.84 -21.43 146.53
2014-06-30 1,217.52 -17.25 142.49
2014-03-31 1,203.66 -19.64 143.03
2013-12-31 1,191.90 -14.20 144.54
2013-09-30 1,182.51 -16.31 146.54
2012-09-30 1,107.35 -14.51 140.96

*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.
  • Civitas Solutions has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Civitas Solutions used its assets less efficiently than the US Healthcare industry average last year based on Return on Assets.
  • Civitas Solutions's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Civitas Solutions's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Healthcare industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Civitas Solutions has a total score of 3/6, 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.

Health

 How is Civitas Solutions'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 Civitas Solutions's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Civitas Solutions is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Civitas Solutions's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Civitas Solutions's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.3x debt.
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.
Raw Data

All data from Civitas Solutions Company Filings, last reported 3 months ago.

NYSE:CIVI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 166.73 707.14 11.62
2018-06-30 168.56 718.10 2.79
2018-03-31 168.87 712.65 2.12
2017-12-31 174.56 709.22 2.09
2017-09-30 162.92 631.47 7.30
2017-06-30 171.84 633.58 26.10
2017-03-31 162.48 634.90 17.18
2016-12-31 154.50 636.61 53.73
2016-09-30 145.59 637.52 50.68
2016-06-30 141.30 652.17 19.25
2016-03-31 135.53 652.40 7.13
2015-12-31 129.45 649.11 34.19
2015-09-30 121.28 653.05 41.69
2015-06-30 120.06 651.87 18.98
2015-03-31 116.99 653.55 0.42
2014-12-31 113.26 649.77 5.18
2014-09-30 115.54 809.70 196.15
2014-06-30 -62.05 811.71 47.53
2014-03-31 -62.61 813.67 20.05
2013-12-31 -46.52 795.22 19.44
2013-09-30 -46.52 795.22 19.44
2012-09-30 -29.93 791.18 0.13
  • Civitas Solutions's level of debt (424.1%) compared to net worth is high (greater than 40%).
  • Civitas Solutions had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is not well covered by operating cash flow (15.1%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Civitas Solutions's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Civitas Solutions has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

Dividends

 What is Civitas Solutions'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
Dividend payments
0%
Current annual income from Civitas Solutions dividends. Estimated to be 0% next year.
If you bought $2,000 of Civitas Solutions shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Civitas Solutions's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Civitas Solutions'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.
Raw Data
NYSE:CIVI Annualized Past and Future Dividends
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 4 Analyst Estimates (S&P Global) See Below
United States of America Healthcare Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1986 Stocks 2.7%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:CIVI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-09-30
2022-09-30
2021-09-30
2020-09-30 0.00 1.00
2019-09-30 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Civitas Solutions has not reported any payouts.
  • Unable to verify if Civitas Solutions's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Civitas Solutions's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Civitas Solutions has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Civitas Solutions's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Civitas Solutions's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Civitas Solutions afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Civitas Solutions 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.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bruce Nardella
COMPENSATION $2,651,947
AGE 61
TENURE AS CEO 5 years
CEO Bio

Mr. Bruce F. Nardella has been the Chief Executive Officer and President of National Mentor Holdings, Inc. since January 1, 2014 and December 4, 2009 respectively. Mr. Nardella is responsible for ensuring National Mentor’s leadership talent and organizational structure can effectively sustain continued service expansion. He has been the Chief Executive Officer and President of Civitas Solutions, Inc. since January 1, 2014 and December 2009 respectively. He is responsible for ensuring the Civitas’ leadership talent and organizational structure can effectively sustain continued service expansion. Mr. Nardella served as the Chief Operating Officer of National Mentor Holdings, Inc. from May 22, 2007 to January 1, 2014 and its Executive Vice President from May 22, 2007 to December 4, 2009. He served as President of Eastern Division of National Mentor Holdings Inc., since May 2003. He served as Chief Operating Officer and Executive Vice President of Civitas Solutions, Inc., from May 2007 to December 2014 and from May 2007 to December 2009 respectively. Mr. Nardella joined the Civitas Solutions, Inc. in 1996 as a State Director. In May 2003, he was named President of Eastern Division at Civitas Solutions. Before he joined The Mentor Network, in 1996, Mr. Nardella served as the state director for Massachusetts, where he managed a Massachusetts human service agency. He managed operations for the Massachusetts Department of Youth Services as deputy commissioner of the agency, which was responsible for adjudicated youth. He has been the Chairman of the Board at Civitas Solutions, Inc. since March 2016. He has been a Director of Civitas Solutions, Inc. since January 1, 2014. Mr. Nardella began his career in human services more than 30 years ago in direct care for youth at risk in an 18-bed shelter facility for court-involved boys. He has knowledge and experience in the human services industry and the public, private and nonprofit sectors. He was awarded the Bradford Fellowship to Harvard University’s Kennedy School of Government. Mr. Nardella holds an M.P.A. from Harvard University, an MA and M.Ed. from Boston University and a B.A. from Colgate University.

CEO Compensation
  • Bruce's compensation has been consistent with company performance over the past year.
  • Bruce's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Civitas Solutions management team in years:

4.5
Average Tenure
50
Average Age
  • The tenure for the Civitas Solutions management team is about average.
Management Team

Bruce Nardella

TITLE
Chairman
COMPENSATION
$3M
AGE
61
TENURE
5 yrs

Denis Holler

TITLE
Chief Financial Officer
COMPENSATION
$1M
AGE
64
TENURE
11.7 yrs

Brett Cohen

TITLE
Chief Operating Officer
COMPENSATION
$1M
AGE
45
TENURE
3.2 yrs

Jeffrey Cohen

TITLE
Chief Information Officer
COMPENSATION
$1M
AGE
50
TENURE
7.2 yrs

Gina Martin

TITLE
Chief Legal Officer
AGE
47
TENURE
1 yrs

Dwight Robson

TITLE
Chief Public Strategy & Marketing Officer
AGE
47
TENURE
7.8 yrs

Maria McGee

TITLE
Chief Human Resources Officer
TENURE
1 yrs

Gerry Morrissey

TITLE
Chief Quality Officer
AGE
65
TENURE
4.5 yrs

Bill Duffy

TITLE
President of Specialty Rehabilitation Services
TENURE
1.9 yrs
Board of Directors Tenure

Average tenure and age of the Civitas Solutions board of directors in years:

3.3
Average Tenure
62
Average Age
  • The tenure for the Civitas Solutions board of directors is about average.
Board of Directors

Chris Durbin

TITLE
Director
AGE
53
TENURE
8.1 yrs

Bruce Nardella

TITLE
Chairman
COMPENSATION
$3M
AGE
61
TENURE
2.8 yrs

Jim Elrod

TITLE
Director
AGE
62
TENURE
12.6 yrs

Patrick Gray

TITLE
Director
COMPENSATION
$218K
AGE
69
TENURE
4.3 yrs

Pam Lenehan

TITLE
Presiding Director
COMPENSATION
$208K
AGE
66
TENURE
3 yrs

Guy Sansone

TITLE
Director
COMPENSATION
$203K
AGE
54
TENURE
9.1 yrs

Greg Roth

TITLE
Independent Director
COMPENSATION
$205K
AGE
62
TENURE
3.3 yrs

Mary Tocio

TITLE
Independent Director
COMPENSATION
$198K
AGE
70
TENURE
3.3 yrs

Rob Rosner

TITLE
Independent Director
AGE
58
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
22. May 18 Sell David Petersen Individual 18. May 18 18. May 18 -3,614 $15.38 $-55,583
X
Management checks
We assess Civitas Solutions's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Civitas Solutions 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.

News

External News
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Simply Wall St News

Investors Are Undervaluing Civitas Solutions Inc (NYSE:CIVI) By 33.46%

In this article I am going to calculate the intrinsic value of Civitas Solutions Inc (NYSE:CIVI). … by taking the foreast future cash flows of the company and discounting them back to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

What Does Civitas Solutions Inc's (NYSE:CIVI) P/E Ratio Tell You?

To keep it practical, we'll show how Civitas Solutions Inc's (NYSE:CIVI) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Civitas Solutions's P/E ratio is 94.42. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Should You Be Concerned About Civitas Solutions Inc's (NYSE:CIVI) Earnings Growth?

When Civitas Solutions Inc (NYSE:CIVI) announced its most recent earnings (30 June 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Being able to interpret how well Civitas Solutions has done so far requires weighing its performance against a benchmark, rather than looking at a standalone number at a point in time. … CIVI recently turned a profit of US$5.80m (most recent trailing twelve-months) compared to its average loss of -US$2.53m over the past five years

Simply Wall St -

Is Civitas Solutions Inc's (NYSE:CIVI) CEO Paid Enough Relative To Peers?

Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … CEOs leading companies of similar size and profitability

Simply Wall St -

How Financially Strong Is Civitas Solutions Inc (NYSE:CIVI)?

While small-cap stocks, such as Civitas Solutions Inc (NYSE:CIVI) with its market cap of US$619.78m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

What You Must Know About Civitas Solutions Inc's (NYSE:CIVI) 2.12% ROE

and want to begin learning the link between Civitas Solutions Inc (NYSE:CIVI)’s return fundamentals and stock market performance. … Civitas Solutions Inc’s (NYSE:CIVI) most recent return on equity was a substandard 2.12% relative to its industry performance of 13.80% over the past year. … Though CIVI's recent performance is underwhelming, it is useful to understand what ROE is made up of and how it should be interpreted.

Simply Wall St -

Interested In Civitas Solutions Inc (NYSE:CIVI)? Here's How It Performed Recently

Assessing Civitas Solutions Inc's (NYSE:CIVI) past track record of performance is a useful exercise for investors. … Check out our latest analysis for Civitas Solutions How Did CIVI's Recent Performance Stack Up Against Its Past? … For Civitas Solutions, its most recent bottom-line (trailing twelve month) is US$11.55M, which, relative to the previous year's level, has plunged by a significant -39.90%.

Simply Wall St -

Is It The Right Time To Buy Civitas Solutions Inc (NYSE:CIVI)?

Great news for investors – Civitas Solutions is still trading at a fairly cheap price. … What’s more interesting is that, Civitas Solutions’s share price is quite stable, which could mean two things: firstly, it may take the share price a while to move to its intrinsic value, and secondly, there may be less chances to buy low in the future once it reaches that value. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price.

Simply Wall St -

Is There An Opportunity With Civitas Solutions Inc's (NYSE:CIVI) 25% Undervaluation?

5-year cash flow estimate 2018 2019 2020 2021 2022 Levered FCF ($, Millions) $59.62 $72.23 $76.31 $80.61 $85.16 Source Analyst x2 Analyst x1 Extrapolated @ (5.64%) Extrapolated @ (5.64%) Extrapolated @ (5.64%) Present Value Discounted @ 12.46% $53.02 $57.11 $53.65 $50.40 $47.34 Present Value of 5-year Cash Flow (PVCF)= $262 We now need to calculate the Terminal Value, which accounts for all the future cash flows after the five years. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = $85 × (1 + 2.5%) ÷ (12.5% – 2.5%) = $874 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = $874 / ( 1 + 12.5%)5 = $486 The total value, or equity value, is then the sum of the present value of the cash flows, which in this case is $747. … NYSE:CIVI Intrinsic Value Mar 21st 18 The assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

Civitas Solutions Inc (NYSE:CIVI): Should The Recent Earnings Drop Worry You?

Today I will take you through a basic sense check to gain perspective on how Civitas Solutions is doing by evaluating its latest earnings with its longer term trend as well as its industry peers' performance over the same period. … For Civitas Solutions, its latest earnings (trailing twelve month) is US$6.33M, which, relative to last year’s figure, has declined by a non-trivial -33.06%. … Given that these values may be fairly nearsighted, I have determined an annualized five-year value for CIVI's earnings, which stands at -US$4.04M This suggests that while earnings growth was negative against last year, over the past couple of years, Civitas Solutions's earnings have been growing on average.

Simply Wall St -

Company Info

Map
Description

Civitas Solutions, Inc. provides home- and community-based health and human services to must-serve individuals with intellectual, developmental, behavioral, and/or medically complex challenges in the United States. It operates through three segments: Community Support Services (CSS), Specialty Rehabilitation Services (SRS), and Children & Family Services (CFS). The CSS segment offers services to adults and children with intellectual and developmental disabilities. Its services include residential support, day habilitation, vocational, case management, crisis intervention, and hourly support care. The SRS segment delivers services to individuals who have suffered acquired brain injury, spinal injuries, and other catastrophic injuries and illnesses. Its services range from sub-acute healthcare for individuals with intensive medical needs to day treatment programs comprising neurorehabilitation, neurobehavioral rehabilitation, specialized nursing, physical, occupational and speech therapies, supported living, outpatient treatment, and pre-vocational services. The CFS segment offers services to youth with emotional, behavioral, and/or medically complex challenges. Its services include therapeutic foster care, family preservation, adoption services, early intervention, school-based services, and juvenile offender programs. The company also delivers elder services, such as case management, nursing oversight, medication management, nutrition, daily living assistance, therapeutic services, and transportation. It serves state, local, and other government payors and non-public payors. As of September 30, 2018, the company served approximately 12,700 individuals in residential settings and 19,000 individuals in non-residential settings in 36 states. The company was formerly known as NMH Holdings, Inc. The company was founded in 1980 and is based in Boston, Massachusetts. Civitas Solutions, Inc. is a subsidiary of Vestar Capital Partners.

Details
Name: Civitas Solutions, Inc.
CIVI
Exchange: NYSE
Founded: 1980
$638,536,800
36,280,500
Website: http://civitas-solutions.com
Address: Civitas Solutions, Inc.
313 Congress Street,
6th Floor,
Boston,
Massachusetts, 02210,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CIVI Common Stock New York Stock Exchange US USD 17. Sep 2014
DB 1CI Common Stock Deutsche Boerse AG DE EUR 17. Sep 2014
Number of employees
Current staff
Staff numbers
23,600
Civitas Solutions employees.
Industry
Health Care Services
Healthcare
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/01/19 00:41
End of day share price update: 2019/01/18 00:00
Last estimates confirmation: 2018/12/21
Last earnings filing: 2018/12/13
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/09/30


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.