Community Health Systems
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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.
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- Community Health Systems has significant price volatility in the past 3 months.
CYH Share Price and Events
7 Day Returns
1 Year Returns
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.
Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Community Health Systems.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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?
| 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 |
| 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.
Value checks
We assess Community Health Systems'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) 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
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
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Community Health Systems'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)
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
Past Earnings growth analysis
- 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
All data from Community Health Systems 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 | 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.
Past performance checks
We assess Community Health Systems'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)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Community Health Systems Company Filings, last reported 3 months ago.
| 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.
Financial health checks
We assess Community Health Systems'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) Community Health Systems has a total score of 1/6, 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.
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
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
- 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.
| 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.
| 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.
Income/ dividend checks
We assess Community Health Systems'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 Community Health Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) 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
CEO
| 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:
- The tenure for the Community Health Systems management team is about average.
Management Team
Wayne Smith
Chairman & CEO
$5M
72
22 yrs
Tim Hingtgen
President
$2M
50
2.6 yrs
Tom Aaron
Executive VP & CFO
$2M
56
1.9 yrs
Ben Fordham
Executive VP
$2M
65
2 yrs
Lynn Simon
President of Clinical Operations & Chief Medical Officer
$1M
58
9.3 yrs
Kevin Hammons
Senior VP
52
7.1 yrs
Manish Shah
Chief Information Officer and Senior Vice President
3.3 yrs
Ross Comeaux
Vice President of Investor Relation
Andi Bosshart
Senior VP
Tomi Galin
Senior Vice President of Corporate Communications
Board of Directors Tenure
Average tenure and age of the Community Health Systems board of directors in years:
- The tenure for the Community Health Systems board of directors is about average.
Board of Directors
Tim Hingtgen
President
$2M
50
2.3 yrs
John Clerico
Independent Director
$307K
76
16.2 yrs
Wayne Smith
Chairman & CEO
$5M
72
18.3 yrs
Judi North
Lead Independent Director
$302K
71
James Ely
Independent Director
$300K
60
9.9 yrs
John Fry
Independent Director
$290K
58
14.9 yrs
William Jennings
Independent Director
$290K
74
10.9 yrs
H. Williams
Independent Director
$290K
63
3.3 yrs
K. Ranga Krishnan
Independent Director
$7K
61
1.3 yrs
Mike Dinkins
Independent Director
$7K
64
1.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess Community Health Systems'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) 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 - – Full articleIs 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 - – Full articleCommunity 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 - – Full articleWhat 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 - – Full articleWho 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 - – Full articleShould 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 - – Full articleWhy 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 - – Full articleWhy 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 - – Full articleDoes 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 - – Full articleAnalysts 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 - – Full articleCompany 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
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.
