Loading...

Community Health Systems

NYSE:CYH
Snowflake Description

Slightly overvalued with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CYH
NYSE
$364M
Market Cap
  1. Home
  2. US
  3. Healthcare
Company description

Community Health Systems, Inc., together with its subsidiaries, owns, leases, and operates general acute care hospitals in the United States. The last earnings update was 60 days ago. More info.


Add to Portfolio Compare Print
  • Community Health Systems has significant price volatility in the past 3 months.
CYH Share Price and Events
7 Day Returns
-6.5%
NYSE:CYH
-3%
US Healthcare
-0.8%
US Market
1 Year Returns
-16.8%
NYSE:CYH
-5.1%
US Healthcare
7%
US Market
CYH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Community Health Systems (CYH) -6.5% -26.6% -17.2% -16.8% -83.5% -92%
US Healthcare -3% -7.7% -11.8% -5.1% 10.9% 60.2%
US Market -0.8% 2.7% 7.5% 7% 37.9% 47%
1 Year Return vs Industry and Market
  • CYH underperformed the Healthcare industry which returned -5.1% over the past year.
  • CYH underperformed the Market in United States of America which returned 7% over the past year.
Price Volatility
CYH
Industry
5yr Volatility vs Market

Value

 Is Community Health Systems 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 Community Health Systems 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 Community Health Systems.

NYSE:CYH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.7%
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:CYH
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 0.71
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.712 (1 + (1- 21%) (3737.74%))
14.891
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

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

The calculations below outline how an intrinsic value for Community Health Systems 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.

NYSE:CYH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.65%)
2019 12.79 Analyst x2 11.15
2020 137.50 Analyst x2 104.61
2021 201.00 Analyst x1 133.37
2022 255.47 Est @ 27.1% 147.86
2023 306.02 Est @ 19.79% 154.48
2024 350.92 Est @ 14.67% 154.51
2025 389.83 Est @ 11.09% 149.71
2026 423.28 Est @ 8.58% 141.79
2027 452.18 Est @ 6.83% 132.11
2028 477.49 Est @ 5.6% 121.68
Present value of next 10 years cash flows $1,251.28
NYSE:CYH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $477.49 × (1 + 2.73%) ÷ (14.65% – 2.73%)
$4,115.11
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,115.11 ÷ (1 + 14.65%)10
$1,048.67
NYSE:CYH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,251.28 + $1,048.67
$2,299.96
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,299.96 / 114.76
$20.04
NYSE:CYH Discount to Share Price
Calculation Result
Value per share (USD) From above. $20.04
Current discount Discount to share price of $3.17
= -1 x ($3.17 - $20.04) / $20.04
84.2%

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

Current Discount
Amount off the current price Community Health Systems is available for.
Intrinsic value
>50%
Share price is $3.17 vs Future cash flow value of $20.04
Current Discount Checks
For Community Health Systems to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Community Health Systems's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Community Health Systems's share price is below the future cash flow value, and 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 Community Health Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Community Health Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CYH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-6.99
NYSE:CYH Share Price ** NYSE (2019-04-22) in USD $3.17
United States of America Healthcare Industry PE Ratio Median Figure of 53 Publicly-Listed Healthcare Companies 20.9x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.21x

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

** Primary Listing of Community Health Systems.

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

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

= 3.17 ÷ -6.99

-0.45x

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

  • Community Health Systems is loss making, we can't compare its value to the US Healthcare industry average.
  • Community Health Systems is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Community Health Systems's expected growth come at a high price?
Raw Data
NYSE:CYH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.45x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
89.9%per year
United States of America Healthcare Industry PEG Ratio Median Figure of 40 Publicly-Listed Healthcare Companies 1.48x
United States of America Market PEG Ratio Median Figure of 2,109 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 Community Health Systems, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Community Health Systems's assets?
Raw Data
NYSE:CYH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $-13.59
NYSE:CYH Share Price * NYSE (2019-04-22) in USD $3.17
United States of America Healthcare Industry PB Ratio Median Figure of 92 Publicly-Listed Healthcare Companies 2.33x
United States of America Market PB Ratio Median Figure of 5,186 Publicly-Listed Companies 1.91x
NYSE:CYH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 3.17 ÷ -13.59

-0.23x

* Primary Listing of Community Health Systems.

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

  • Community Health Systems has negative assets, we can't compare the value of its assets to the US Healthcare industry average.
X
Value checks
We assess Community Health Systems'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. Community Health Systems has a total score of 2/6, 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 Community Health Systems expected to perform in the next 1 to 3 years based on estimates from 14 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
89.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Community Health Systems expected to grow at an attractive rate?
  • Unable to compare Community Health Systems's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Community Health Systems's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
  • Community Health Systems's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CYH Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CYH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 89.9%
NYSE:CYH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts -2.8%
United States of America Healthcare Industry Earnings Growth Rate Market Cap Weighted Average 13.2%
United States of America Healthcare Industry Revenue Growth Rate Market Cap Weighted Average 7.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
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
Raw Data
NYSE:CYH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CYH Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 13,354 647 4
2020-12-31 13,030 714 -155 14
2019-12-31 12,945 645 -173 14
NYSE:CYH Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 14,155 274 -788
2018-09-30 13,760 596 -2,471
2018-06-30 13,975 364 -2,254
2018-03-31 14,556 637 -2,274
2017-12-31 15,353 773 -2,447
2017-09-30 16,764 944 -647
2017-06-30 17,478 1,008 -616
2017-03-31 17,925 1,085 -1,916
2016-12-31 18,438 1,137 -1,706
2016-09-30 18,767 1,116 -1,569
2016-06-30 19,233 1,049 -1,433
2016-03-31 19,525 1,276 114

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Community Health Systems is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Community Health Systems's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:CYH 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 14 Analyst Estimates (S&P Global) See Below

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

NYSE:CYH Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 -1.26 -1.02 -1.56 4.00
2019-12-31 -1.46 -1.15 -1.85 6.00
NYSE:CYH Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -6.99
2018-09-30 -21.97
2018-06-30 -20.08
2018-03-31 -20.30
2017-12-31 -21.89
2017-09-30 -5.80
2017-06-30 -5.54
2017-03-31 -17.26
2016-12-31 -15.41
2016-09-30 -14.11
2016-06-30 -12.76
2016-03-31 1.01

*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 Community Health Systems will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Community Health Systems'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.
Community Health Systems has a total score of 0/6, 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 Community Health Systems 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 Community Health Systems'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.
  • Community Health Systems does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Community Health Systems's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Community Health Systems's 1-year growth to the US Healthcare industry average as it is not currently profitable.
Earnings and Revenue History
Community Health Systems'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 Community Health Systems Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CYH Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 14,155.00 -788.00 337.00
2018-09-30 13,760.00 -2,471.00 345.00
2018-06-30 13,975.00 -2,254.00 353.00
2018-03-31 14,556.00 -2,274.00 374.00
2017-12-31 15,353.00 -2,447.00 394.00
2017-09-30 16,764.00 -647.00 416.00
2017-06-30 17,478.00 -616.00 433.00
2017-03-31 17,925.00 -1,916.00 440.00
2016-12-31 18,438.00 -1,706.00 450.00
2016-09-30 18,767.00 -1,569.00 453.00
2016-06-30 19,233.00 -1,433.00 459.00
2016-03-31 19,525.00 114.00 460.00
2015-12-31 19,437.00 194.00 457.00
2015-09-30 19,557.00 397.00 459.00
2015-06-30 19,491.00 400.00 454.00
2015-03-31 19,374.00 331.00 452.00
2014-12-31 18,639.00 149.00 434.00
2014-09-30 16,912.00 58.00 390.00
2014-06-30 15,307.00 6.00 349.00
2014-03-31 13,733.00 -6.00 308.00
2013-12-31 12,819.00 166.00 279.00
2013-09-30 12,904.95 190.57 278.51
2013-06-30 12,941.98 224.81 278.14
2013-03-31 12,993.95 272.17 274.61
2012-12-31 12,833.00 278.00 264.00
2012-09-30 12,757.86 236.96 267.02
2012-06-30 12,491.31 270.20 262.87

*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.
  • It is difficult to establish if Community Health Systems has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • Community Health Systems used its assets less efficiently than the US Healthcare industry average last year based on Return on Assets.
  • It is difficult to establish if Community Health Systems improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Community Health Systems'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.
Community Health Systems has a total score of 0/6, 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 Community Health Systems'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 Community Health Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Community Health Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Community Health Systems's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Community Health Systems'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.
  • High level of physical assets or inventory.
  • Community Health Systems has negative shareholder equity (liabilities exceed assets) therefore debt is not 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.
Raw Data

All data from Community Health Systems Company Filings, last reported 3 months ago.

NYSE:CYH Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 -959.00 13,598.00 196.00
2018-09-30 -635.00 13,570.00 335.00
2018-06-30 -289.00 13,715.00 208.00
2018-03-31 -178.00 13,896.00 424.00
2017-12-31 -165.00 13,931.00 563.00
2017-09-30 1,839.00 13,974.00 590.00
2017-06-30 1,941.00 14,788.00 768.00
2017-03-31 2,093.00 15,285.00 247.00
2016-12-31 2,282.00 15,293.00 238.00
2016-09-30 2,480.00 15,415.00 133.00
2016-06-30 2,548.00 15,471.00 461.00
2016-03-31 4,683.00 17,019.00 181.00
2015-12-31 4,676.00 16,861.00 184.00
2015-09-30 4,845.00 16,989.00 186.00
2015-06-30 4,808.00 16,937.00 365.00
2015-03-31 4,680.00 17,050.00 222.00
2014-12-31 4,614.00 16,984.00 509.00
2014-09-30 4,665.00 17,069.00 221.00
2014-06-30 4,554.00 17,005.00 389.00
2014-03-31 4,478.00 17,071.00 613.00
2013-12-31 3,490.00 9,541.00 373.00
2013-09-30 3,419.75 9,655.54 143.61
2013-06-30 3,393.77 9,631.07 251.23
2013-03-31 3,316.05 9,695.10 285.05
2012-12-31 3,164.19 9,722.91 387.81
2012-09-30 3,083.26 9,781.27 240.65
2012-06-30 3,028.68 9,547.49 115.11
  • Community Health Systems has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Community Health Systems's debt level has increased considering it has negative shareholder equity.
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.

  • Community Health Systems has less than a year of cash runway based on current free cash flow.
  • Community Health Systems has less than a year of cash runway if free cash flow continues to grow at historical rates of 45.8% each year.
X
Financial health checks
We assess Community Health Systems'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. Community Health Systems has a total score of 1/6, 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 Community Health Systems'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 Community Health Systems dividends. Estimated to be 0% next year.
If you bought $2,000 of Community Health Systems 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 Community Health Systems's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Community Health Systems'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:CYH 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 14 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.

NYSE:CYH Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 5.00
2020-12-31 0.00 6.00
2019-12-31 0.00 6.00

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

  • Unable to perform a dividend volatility check as Community Health Systems has not reported any payouts.
  • Unable to verify if Community Health Systems's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Community Health Systems's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Community Health Systems has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Community Health Systems'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 Community Health Systems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Community Health Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Community Health Systems 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 Community Health Systems'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
Wayne Smith
COMPENSATION $4,945,992
AGE 72
TENURE AS CEO 22 years
CEO Bio

Mr. Wayne T. Smith serves as the Chief Executive Officer at CHSPSC, LLC. Mr. Smith has been the Chairman and Chief Executive Officer at Community Health Systems, Inc. since February 2001 and April 1997 respectively. Mr. Smith has been the Chief Executive Officer of CHS/Community Health Systems, Inc. since April 1997 and serves as its President. He serves as a Director At-Large of Nashville Health Care Council. He served as the President of Community Health Systems Inc. from January 1997 to January 8, 2014. Mr. Smith served as President of Humana Medical Plan Inc. and served as an Advisor to numerous other health care related entities. He was with Humana Inc. for 23 years. Prior to joining Community Health Systems Inc. in February 2001, he served as the President and Chief Operating Officer of Humana Inc., from 1993 to mid-1996. He served a wide variety of senior management positions with Humana including Executive Vice President of Health Care Operations, President of the Health Care Division, President of the Group Health Division and Executive Vice President of the Central Region. He was a Captain at the U.S. Army for four years. He has been the Chairman of CHS/Community Health Systems, Inc. since February 2001. He served as the Chairman of Nashville Area Chamber Of Commerce from 2012 to July 3, 2014. He served as Chairman of the Federation of American Hospitals. He serves as the Chairman of CHSPSC, LLC. He has been the Chairman of Community Health Systems Inc. since February 2001 and has been its Director since April 1997. He has been a Director of CHS/Community Health Systems, Inc. since April 1997. He serves as a Director of Nashville Area Chamber Of Commerce. He has been an Independent Director of Praxair Inc. since 2001. He serves as a Director of Gordian Health Solutions, Inc. He served as a Director of Spheris Inc. from August 2001 to October 31, 2008. He served as Director of LifeCare Holdings, Inc., from August 2005 to August 22, 2007, Humana Inc., from 1993 to 1996 and Almost Family Inc. since March 1997. He served as a Director of Citadel Broadcasting Corporation from April 2006 to June 3, 2010. He served as Director of The Broadlane Group, Inc., Spheris Holding III, Inc. and American Association of Health Plans. He served as the Chairman of Louisville Fund for the Arts Board and the Louisville Collegiate School Board. He served as an Independent Director of SP Wind Down Inc. from August 2001 to October 3, 2008. He serves as a Member of Bellarmine University and The Nashville Healthcare Council. Mr. Smith also serves on the board of trustees of Auburn University. He serves as a Director of the Health Insurance Association of America, Actors Theatre of Louisville, Kentucky Center of the Arts, Kentucky Derby Museum, Kentucky Governor's Scholars, Louisville Orchestra, University of Louisville, Louisville Area Chamber of Commerce and J. B. Speed Art Museum. Mr. Smith holds B.S. and M.S. degrees from Auburn University. He also holds M.S. degree in Health Care Administration from Trinity University. He studied at the King's Fund College of Hospital Administration in London, England.

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

Average tenure and age of the Community Health Systems management team in years:

3.3
Average Tenure
57
Average Age
  • The tenure for the Community Health Systems management team is about average.
Management Team

Wayne Smith

TITLE
Chairman & CEO
COMPENSATION
$5M
AGE
72
TENURE
22 yrs

Tim Hingtgen

TITLE
President
COMPENSATION
$2M
AGE
50
TENURE
2.6 yrs

Tom Aaron

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
56
TENURE
1.9 yrs

Ben Fordham

TITLE
Executive VP
COMPENSATION
$2M
AGE
65
TENURE
2 yrs

Lynn Simon

TITLE
President of Clinical Operations & Chief Medical Officer
COMPENSATION
$1M
AGE
58
TENURE
9.3 yrs

Kevin Hammons

TITLE
Senior VP
AGE
52
TENURE
7.1 yrs

Manish Shah

TITLE
Chief Information Officer and Senior Vice President
TENURE
3.3 yrs

Ross Comeaux

TITLE
Vice President of Investor Relation

Andi Bosshart

TITLE
Senior VP

Tomi Galin

TITLE
Senior Vice President of Corporate Communications
Board of Directors Tenure

Average tenure and age of the Community Health Systems board of directors in years:

9.9
Average Tenure
63.5
Average Age
  • The tenure for the Community Health Systems board of directors is about average.
Board of Directors

Tim Hingtgen

TITLE
President
COMPENSATION
$2M
AGE
50
TENURE
2.3 yrs

John Clerico

TITLE
Independent Director
COMPENSATION
$307K
AGE
76
TENURE
16.2 yrs

Wayne Smith

TITLE
Chairman & CEO
COMPENSATION
$5M
AGE
72
TENURE
18.3 yrs

Judi North

TITLE
Lead Independent Director
COMPENSATION
$302K
AGE
71

James Ely

TITLE
Independent Director
COMPENSATION
$300K
AGE
60
TENURE
9.9 yrs

John Fry

TITLE
Independent Director
COMPENSATION
$290K
AGE
58
TENURE
14.9 yrs

William Jennings

TITLE
Independent Director
COMPENSATION
$290K
AGE
74
TENURE
10.9 yrs

H. Williams

TITLE
Independent Director
COMPENSATION
$290K
AGE
63
TENURE
3.3 yrs

K. Ranga Krishnan

TITLE
Independent Director
COMPENSATION
$7K
AGE
61
TENURE
1.3 yrs

Mike Dinkins

TITLE
Independent Director
COMPENSATION
$7K
AGE
64
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
20. Aug 18 Buy Patton Smith Individual 20. Aug 18 20. Aug 18 10,000 $3.51 $35,130
15. Aug 18 Buy Thomas Aaron Individual 15. Aug 18 15. Aug 18 5,000 $3.33 $16,645
14. Aug 18 Buy Benjamin Fordham Individual 14. Aug 18 14. Aug 18 10,000 $3.16 $31,560
14. Jun 18 Buy Michael Dinkins Individual 13. Jun 18 13. Jun 18 5,655 $4.42 $24,995
X
Management checks
We assess Community Health Systems'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. Community Health Systems 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

Simply Wall St News

Does Market Volatility Impact Community Health Systems Inc's (NYSE:CYH) Share Price?

If you're interested in Community Health Systems Inc (NYSE:CYH), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … The first thing to understand about beta is that the beta of the overall market is one.

Simply Wall St -

Is Community Health Systems Inc's (NYSE:CYH) CEO Overpaid Relative To Its Peers?

Wayne Smith is the CEO of Community Health Systems Inc (NYSE:CYH), which has recently grown to a market capitalization of US$476.09m. … CEOs leading companies of similar size and profitability … Check out our latest analysis for Community Health Systems

Simply Wall St -

Community Health Systems And Other Top Stocks Insiders Bought

In total, individual insiders own over 5 million shares in the business, which makes up around 4.69% of total shares outstanding. … In total, individual insiders own over 45 million shares in the business, which makes up around 7.97% of total shares outstanding. … In total, individual insiders own less than one million shares in the business, or around 1.02% of total shares outstanding.

Simply Wall St -

What Is Community Health Systems Inc's (NYSE:CYH) Share Price Doing?

Community Health Systems Inc (NYSE:CYH), a healthcare company based in United States,. … Check out our latest analysis for Community Health Systems … Great news for investors – Community Health Systems is still trading at a fairly cheap price.

Simply Wall St -

Who Are The Top Investors In Community Health Systems Inc (NYSE:CYH)?

When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … See our latest analysis for Community Health Systems NYSE:CYH Ownership_summary Jun 5th 18 Institutional Ownership Institutions account for 97.37% of CYH's outstanding shares, a significant enough holding to move stock prices if they start buying and selling in large quantities, especially when there are relatively small amounts of shares available on the market to trade. … Insider ownership has to do more with how the company is managed and less to do with the direct impact of the magnitude of shares trading on the market.

Simply Wall St -

Should You Buy Community Health Systems Inc (NYSE:CYH)?

Community Health Systems Inc (NYSE:CYH), a healthcare company based in United States, received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $6.18 at one point, and dropping to the lows of $3.71. … Great news for investors – Community Health Systems is still trading at a fairly cheap price. … This is because Community Health Systems’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market.

Simply Wall St -

Why Community Health Systems Inc's (NYSE:CYH) CEO Salary Matters To You

Therefore I will use earnings as a proxy of Smith's performance in the past year. … During times of negative earnings, the company may be facing a period of reinvestment and growth, or it can be an indication of some headwind. … Typically I would look at market cap and earnings as a proxy for performance, however, CYH's negative earnings reduces the usefulness of my formula.

Simply Wall St -

Why Did Community Health Systems Inc's' (NYSE:CYH) Insiders Buy Up More Shares?

View our latest analysis for Community Health Systems Who Are The Insiders? … In the past three months, Community Health Systems’s share price reached a high of $6.18 and a low of $3.97. … Next Steps: Community Health Systems’s net buying tells us the stock is in favour with some insiders, coherent with the sizeable growth in expected earnings, and a fairly high volatility in share price over the same time period.

Simply Wall St -

Does Community Health Systems Inc's (NYSE:CYH) Past Performance Indicate A Weaker Future?

Today I will take a look at Community Health Systems Inc's (NYSE:CYH) most recent earnings update (31 December 2017) and compare these latest figures against its performance over the past few years, as well as how the rest of the healthcare industry performed. … NYSE:CYH Income Statement Mar 10th 18 We can further evaluate Community Health Systems's loss by looking at what the industry has been experiencing over the past few years. … Each year, for the past five years Community Health Systems's top-line has increased by a mere 7.95%, on average.

Simply Wall St -

Analysts Expect Breakeven On The Horizon For Community Health Systems Inc (NYSE:CYH)

Many investors are wondering the rate at which CYH will turn a profit, with the big question being “when will the company breakeven?” I’ve put together a brief outline of industry analyst expectations for CYH, its year of breakeven and its implied growth rate. … Check out our latest analysis for Community Health Systems CYH is bordering on breakeven, according to analysts. … NYSE:CYH Past Future Earnings Feb 27th 18 Underlying developments driving CYH’s growth isn’t the focus of this broad overview, but, keep in mind that typically a high growth rate is not out of the ordinary, particularly when a company is in a period of investment.

Simply Wall St -

Company Info

Description

Community Health Systems, Inc., together with its subsidiaries, owns, leases, and operates general acute care hospitals in the United States. The company offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services. It also provides outpatient services at urgent care centers, occupational medicine clinics, imaging centers, cancer centers, and ambulatory surgery centers. As of December 31, 2018, it owned or leased 113 hospitals, including 111 general acute care hospitals and 2 stand-alone rehabilitation or psychiatric hospitals with an aggregate of 18,227 licensed beds. Community Health Systems, Inc. was founded in 1985 and is headquartered in Franklin, Tennessee.

Details
Name: Community Health Systems, Inc.
CYH
Exchange: NYSE
Founded: 1985
$363,803,056
114,764,371
Website: http://www.chs.net
Address: Community Health Systems, Inc.
4000 Meridian Boulevard,
Franklin,
Tennessee, 37067,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CYH Common Stock New York Stock Exchange US USD 09. Jun 2000
DB CG5 Common Stock Deutsche Boerse AG DE EUR 09. Jun 2000
Number of employees
Current staff
Staff numbers
78,500
Community Health Systems employees.
Industry
Health Care Facilities
Healthcare
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 23:35
End of day share price update: 2019/04/22 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.