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Hanger

NYSE:HNGR
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HNGR
NYSE
$749M
Market Cap
  1. Home
  2. US
  3. Healthcare
Company description

Hanger, Inc. provides orthotic and prosthetic (O&P) services; and distributes O&P devices and components, manages O&P networks, and provides therapeutic solutions to patients and businesses in acute, post-acute, and clinic settings in the United States. The last earnings update was 105 days ago. More info.


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HNGR Share Price and Events
7 Day Returns
-0.1%
NYSE:HNGR
0.7%
US Healthcare
1.4%
US Market
1 Year Returns
37.4%
NYSE:HNGR
11.3%
US Healthcare
2.3%
US Market
HNGR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hanger (HNGR) -0.1% 0.4% 10.2% 37.4% 58.9% -42.7%
US Healthcare 0.7% 3.5% 0.1% 11.3% 38.7% 88%
US Market 1.4% 5.6% 5.7% 2.3% 44.2% 40.9%
1 Year Return vs Industry and Market
  • HNGR outperformed the Healthcare industry which returned 11.3% over the past year.
  • HNGR outperformed the Market in United States of America which returned 2.3% over the past year.
Price Volatility
HNGR
Industry
5yr Volatility vs Market

Value

 Is Hanger 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 Hanger 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    Our calculation method for this is changing soon.

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

NYSE:HNGR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.3%
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:HNGR
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 0.77
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.77 (1 + (1- 21%) (68.31%))
1.185
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.19
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.185 * 7.27%)
11.35%

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

The calculations below outline how an intrinsic value for Hanger 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:HNGR DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 41.12 55.00 55.21 55.42 55.63
Source Analyst x2 Analyst x1 Est @ 0.38% Est @ 0.38% Est @ 0.38%
Present Value
Discounted (@ 11.35%)
36.93 44.36 39.99 36.05 32.50
Present value of next 5 years cash flows $189.84
NYSE:HNGR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $55.63 × (1 + 2.73%) ÷ (11.35% – 2.73%)
$663.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $663.21 ÷ (1 + 11.35%)5
$387.48
NYSE:HNGR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $189.84 + $387.48
$577.32
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $577.32 / 36.85
$15.67
NYSE:HNGR Discount to Share Price
Calculation Result
Value per share (USD) From above. $15.67
Current discount Discount to share price of $20.34
= -1 x ($20.34 - $15.67) / $15.67
-29.8%

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

  • The current share price of Hanger is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Hanger's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hanger's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:HNGR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-2.45
NYSE:HNGR Share Price ** NYSE (2019-02-21) in USD $20.34
United States of America Healthcare Industry PE Ratio Median Figure of 52 Publicly-Listed Healthcare Companies 21.37x
United States of America Market PE Ratio Median Figure of 3,045 Publicly-Listed Companies 17.39x

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

** Primary Listing of Hanger.

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

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

= 20.34 ÷ -2.45

-8.3x

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

  • Hanger is loss making, we can't compare its value to the US Healthcare industry average.
  • Hanger 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 Hanger's expected growth come at a high price?
Raw Data
NYSE:HNGR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
83.5%per year
United States of America Healthcare Industry PEG Ratio Median Figure of 39 Publicly-Listed Healthcare Companies 1.62x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.44x

*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 Hanger, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hanger's assets?
Raw Data
NYSE:HNGR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $-0.69
NYSE:HNGR Share Price * NYSE (2019-02-21) in USD $20.34
United States of America Healthcare Industry PB Ratio Median Figure of 91 Publicly-Listed Healthcare Companies 2.53x
United States of America Market PB Ratio Median Figure of 5,129 Publicly-Listed Companies 1.87x
NYSE:HNGR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 20.34 ÷ -0.69

-29.29x

* Primary Listing of Hanger.

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

  • Hanger has negative assets, we can't compare the value of its assets to the US Healthcare industry average.
X
Value checks
We assess Hanger'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. Hanger has a total score of 0/6, 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 Hanger expected to perform in the next 1 to 3 years based on estimates from 3 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
83.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hanger expected to grow at an attractive rate?
  • Hanger's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Hanger's earnings growth is expected to exceed the United States of America market average.
  • Hanger's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:HNGR Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:HNGR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 83.5%
NYSE:HNGR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 2.3%
United States of America Healthcare Industry Earnings Growth Rate Market Cap Weighted Average 15.9%
United States of America Healthcare Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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:HNGR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:HNGR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 1,103 36 2
2019-12-31 1,072 66 29 3
2018-12-31 1,052 60 7 3
NYSE:HNGR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 1,050 68 -90
2018-06-30 1,045 53 -98
2018-03-31 1,041 33 -110
2017-12-31 1,041 30 -105
2016-12-31 1,042 69 -107
2015-12-31 1,067 60 -319

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hanger's earnings are expected to grow significantly at over 20% yearly.
  • Hanger's revenue is expected to grow by 2.3% 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:HNGR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Hanger Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HNGR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.94 1.03 0.85 2.00
2019-12-31 0.76 0.80 0.72 2.00
2018-12-31 0.18 0.20 0.16 2.00
NYSE:HNGR Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -2.45
2018-06-30 -2.69
2018-03-31 -3.01
2017-12-31 -2.89
2016-12-31 -2.99
2015-12-31 -8.96

*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 Hanger will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Hanger'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.
Hanger 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 Hanger 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 Hanger'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.
  • Hanger does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Hanger's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Hanger's 1-year growth to the US Healthcare industry average as it is not currently profitable.
Earnings and Revenue History
Hanger'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 Hanger Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HNGR 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 1,049.64 -89.73 137.79
2018-06-30 1,044.66 -98.26 139.57
2018-03-31 1,041.08 -109.56 142.56
2017-12-31 1,040.77 -104.67 150.12
2016-12-31 1,042.05 -107.41 152.46
2015-12-31 1,067.17 -319.12 144.31
2014-12-31 1,012.10 -3.02 134.31
2014-06-30 1,060.75 58.63 4.50
2014-03-31 1,052.69 60.09 5.25
2013-12-31 975.77 45.88 88.54
2013-09-30 1,037.84 65.56 4.20
2013-06-30 1,009.32 61.24 4.20
2013-03-31 985.69 64.55 5.87
2012-12-31 923.52 48.26 89.58
2012-09-30 952.88 60.25
2012-06-30 945.61 58.32
2012-03-31 936.19 56.36

*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 Hanger has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Hanger has efficiently used its assets last year compared to the US Healthcare industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Hanger 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 Hanger'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.
Hanger 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 Hanger'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 Hanger's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Hanger is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Hanger's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Hanger'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.
  • Hanger 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 Hanger Company Filings, last reported 4 months ago.

NYSE:HNGR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 -25.60 511.99 61.04
2018-06-30 -35.30 514.54 48.79
2018-03-31 -53.58 515.55 32.91
2017-12-31 -28.05 450.26 1.51
2016-12-31 65.41 472.65 7.16
2015-12-31 165.25 566.43 58.75
2014-12-31 483.54 528.98 11.70
2014-06-30 606.04 539.89 4.90
2014-03-31 590.50 561.94 55.62
2013-12-31 491.31 487.55 1.61
2013-09-30 557.10 471.06 7.22
2013-06-30 533.05 508.90 5.77
2013-03-31 515.63 524.01 15.03
2012-12-31 503.09 520.65 19.21
2012-09-30 480.72 508.99 55.62
2012-06-30 460.42 512.22 41.61
2012-03-31 439.84 506.10 32.25
  • Hanger has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Hanger'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.

  • Whilst loss making Hanger has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Hanger has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 14.9% per year.
X
Financial health checks
We assess Hanger'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. Hanger has a total score of 3/6, 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 Hanger'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 Hanger dividends.
If you bought $2,000 of Hanger 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 Hanger's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Hanger'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:HNGR 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 3 Analyst Estimates (S&P Global) See Below
United States of America Healthcare Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 1.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2001 Stocks 2.5%
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 3.5%

Industry and Market average data is calculated daily.

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

NYSE:HNGR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
2018-12-31

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

  • Unable to perform a dividend volatility check as Hanger has not reported any payouts.
  • Unable to verify if Hanger's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Hanger's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Hanger has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Hanger'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 Hanger afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hanger 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 Hanger'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
Vinit Asar
COMPENSATION $6,454,442
AGE 52
TENURE AS CEO 6.8 years
CEO Bio

Mr. Vinit K. Asar has been the Chief Executive Officer and President of Hanger Orthopedic Group Inc. (known as Hanger, Inc.) since May 21, 2012 and September 12, 2011 respectively. Mr. Asar served as the President of Hanger Orthopedic Group from September 12, 2011 to May 21, 2012. He also served as Chief Growth Officer of Hanger Orthopedic Group since December 2008. He served as an Executive Vice President of Hanger Orthopedic Group Inc. from December 2008 to September 12, 2011. He has nearly 20 years of extensive global experience developing new health product and service businesses and growing existing organizations, both organically and through acquisitions. Additionally, he has held positions in finance, global product management, sales and marketing and product development at J&J. He serves as a Director of Hanger, Inc. Mr. Asar holds a BS in Business Administration from Aquinas College in Grand Rapids, MI and an MBA from Lehigh University in Bethlehem, PA.

CEO Compensation
  • Vinit's compensation has increased whilst company is loss making.
  • Vinit'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 Hanger management team in years:

3.6
Average Tenure
54
Average Age
  • The tenure for the Hanger management team is about average.
Management Team

Vinit Asar

TITLE
CEO, President & Director
COMPENSATION
$6M
AGE
52
TENURE
6.8 yrs

Tom Kiraly

TITLE
CFO & Executive VP
COMPENSATION
$3M
AGE
58
TENURE
4.1 yrs

Tom Hartman

TITLE
Senior VP
COMPENSATION
$2M
AGE
55
TENURE
9.7 yrs

Sam Liang

TITLE
President of Hanger Clinic
COMPENSATION
$3M
AGE
55
TENURE
1.1 yrs

Gabrielle Adams

TITLE
VP & Chief Accounting Officer
AGE
49
TENURE
1.8 yrs

Paul Severt

TITLE
VP of Corporate Finance & Treasurer
TENURE
3.8 yrs

C. Ranson

TITLE
Executive VP of Corporate Services & Chief Information Officer
AGE
53
TENURE
3.6 yrs

Seth Frank

TITLE
Vice President of Treasury & Investor Relations
TENURE
1.1 yrs

Mitchell Dobson

TITLE
Senior VP & Chief Compliance Officer
TENURE
0.3 yrs

Krisita Burket

TITLE
Director of Public Relations & Communications
Board of Directors Tenure

Average tenure and age of the Hanger board of directors in years:

3.8
Average Tenure
64
Average Age
  • The tenure for the Hanger board of directors is about average.
Board of Directors

Chris Begley

TITLE
Non-Executive Chairman
COMPENSATION
$225K
AGE
66
TENURE
1.1 yrs

Steve Hare

TITLE
Director
COMPENSATION
$231K
AGE
64
TENURE
8.8 yrs

Richard Pettingill

TITLE
Director
COMPENSATION
$217K
AGE
69
TENURE
5 yrs

Tom Freyman

TITLE
Director
COMPENSATION
$77K
AGE
64
TENURE
1.3 yrs

Asif Ahmad

TITLE
Independent Director
COMPENSATION
$211K
AGE
50
TENURE
4.5 yrs

Cindy Lucchese

TITLE
Director
COMPENSATION
$232K
AGE
58
TENURE
3.8 yrs

Kathryn Sullivan

TITLE
Director
COMPENSATION
$228K
AGE
61
TENURE
4.1 yrs

John Fox

TITLE
Director
COMPENSATION
$77K
AGE
66
TENURE
1.3 yrs

Thomas Cooper

TITLE
Director Emeritus
COMPENSATION
$296K
AGE
74
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Nov 18 Sell Thomas Hartman Individual 12. Nov 18 13. Nov 18 -6,000 $20.26 $-119,337
27. Sep 18 Sell KKR & Co. Inc. Company 25. Sep 18 25. Sep 18 -1,462,300 $21.00 $-30,708,300
17. Sep 18 Sell KKR & Co. Inc. Company 12. Sep 18 17. Sep 18 -572,279 $23.79 $-13,233,439
X
Management checks
We assess Hanger'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. Hanger 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

What Kind Of Shareholders Own Hanger, Inc. (NYSE:HNGR)?

Generally speaking, as a company grows, institutions will increase their ownership. … Conversely, insiders often decrease their ownership over time. … We also tend to see lower insider ownership in companies that were previously publicly owned.

Simply Wall St -

A Look At The Fair Value Of Hanger, Inc. (NYSE:HNGR)

by projecting its future cash flows and then discounting them to today's value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Should You Be Worried About Insider Transactions At Hanger Inc (NYSE:HNGR)?

So before you buy or sell Hanger Inc (NYSE:HNGR), you may well want to know whether insiders have been buying or selling. … We don't think shareholders should simply follow insider transactions. … Hanger Insider Transactions Over The Last Year.

Simply Wall St -

Hanger Inc (NYSE:HNGR)'s Return on Capital

and want a simplistic look at the return on Hanger Inc (NYSE:HNGR) stock. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Thus, to understand how your money can grow by investing in Hanger, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Could Hanger Inc's (NYSE:HNGR) Investor Composition Influence The Stock Price?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Hanger is not a large company by global standards. … institutions own shares in the company.

Simply Wall St -

Company Info

Map
Description

Hanger, Inc. provides orthotic and prosthetic (O&P) services; and distributes O&P devices and components, manages O&P networks, and provides therapeutic solutions to patients and businesses in acute, post-acute, and clinic settings in the United States. It operates through two segments, Patient Care and Products & Services. The Patient Care segment owns and operates Hanger clinic, which specializes in the design, fabrication, and delivery of custom O&P devices through patient care clinics and satellite locations; and provides payor network contracting services to other O&P providers. The Products & Services segment procures and distributes O&P parts, componentry, and devices to independent O&P providers; and develops specialized rehabilitation technologies and provides evidence-based clinical programs for post-acute rehabilitation to patients at approximately 4,000 skilled nursing and post-acute providers. This segment also manufactures and sells therapeutic footwear for diabetic patients in the podiatric market. As of May 14, 2018, the company owned and operated approximately 800 patient care clinics in the United States. The company was formerly known as Hanger Orthopedic Group, Inc. and changed its name to Hanger, Inc. in June 2012. Hanger, Inc. was founded in 1861 and is headquartered in Austin, Texas.

Details
Name: Hanger, Inc.
HNGR
Exchange: NYSE
Founded: 1861
$749,494,218
36,848,290
Website: http://www.hanger.com
Address: Hanger, Inc.
10910 Domain Drive,
Suite 300,
Austin,
Texas, 78758,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HNGR Common Shares New York Stock Exchange US USD 14. Feb 1986
Number of employees
Current staff
Staff numbers
4,600
Hanger employees.
Industry
Health Care Facilities
Healthcare
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/21 23:39
End of day share price update: 2019/02/21 00:00
Last estimates confirmation: 2019/02/05
Last earnings filing: 2018/11/08
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.