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Molina Healthcare

NYSE:MOH
Snowflake Description

Good value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MOH
NYSE
$8B
Market Cap
  1. Home
  2. US
  3. Healthcare
Company description

Molina Healthcare, Inc., a multi-state healthcare organization, provides managed health care services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. The last earnings update was 61 days ago. More info.


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MOH Share Price and Events
7 Day Returns
-6.7%
NYSE:MOH
-2.9%
US Healthcare
-0.3%
US Market
1 Year Returns
41.5%
NYSE:MOH
-5.1%
US Healthcare
7%
US Market
MOH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Molina Healthcare (MOH) -6.7% -17.6% -11.9% 41.5% 85.5% 231.3%
US Healthcare -2.9% -9% -11.9% -5.1% 10.7% 60%
US Market -0.3% 2% 8.5% 7% 37.7% 46.8%
1 Year Return vs Industry and Market
  • MOH outperformed the Healthcare industry which returned -5.1% over the past year.
  • MOH outperformed the Market in United States of America which returned 7% over the past year.
Price Volatility
MOH
Industry
5yr Volatility vs Market

MOH Value

 Is Molina Healthcare 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 Molina Healthcare 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 Molina Healthcare.

NYSE:MOH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
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:MOH
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%) (19.29%))
0.88
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.88 * 5.96%)
7.97%

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

The calculations below outline how an intrinsic value for Molina Healthcare 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:MOH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.97%)
2019 691.50 Analyst x2 640.44
2020 792.93 Analyst x3 680.16
2021 913.50 Analyst x2 725.72
2022 909.00 Analyst x1 668.82
2023 971.00 Analyst x1 661.68
2024 1,019.13 Est @ 4.96% 643.20
2025 1,062.85 Est @ 4.29% 621.26
2026 1,103.46 Est @ 3.82% 597.37
2027 1,142.01 Est @ 3.49% 572.59
2028 1,179.30 Est @ 3.26% 547.63
Present value of next 10 years cash flows $6,358.87
NYSE:MOH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,179.30 × (1 + 2.73%) ÷ (7.97% – 2.73%)
$23,108.30
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $23,108.30 ÷ (1 + 7.97%)10
$10,730.73
NYSE:MOH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $6,358.87 + $10,730.73
$17,089.60
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $17,089.60 / 62.63
$272.87
NYSE:MOH Discount to Share Price
Calculation Result
Value per share (USD) From above. $272.87
Current discount Discount to share price of $120.68
= -1 x ($120.68 - $272.87) / $272.87
55.8%

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

Current Discount
Amount off the current price Molina Healthcare is available for.
Intrinsic value
>50%
Share price is $120.68 vs Future cash flow value of $272.87
Current Discount Checks
For Molina Healthcare to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Molina Healthcare's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Molina Healthcare'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 Molina Healthcare's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Molina Healthcare's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:MOH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $11.57
NYSE:MOH Share Price ** NYSE (2019-04-18) in USD $120.68
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 3,081 Publicly-Listed Companies 18.18x

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

** Primary Listing of Molina Healthcare.

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

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

= 120.68 ÷ 11.57

10.43x

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

  • Molina Healthcare is good value based on earnings compared to the US Healthcare industry average.
  • Molina Healthcare is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Molina Healthcare's expected growth come at a high price?
Raw Data
NYSE:MOH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
3.6%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 .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.43x ÷ 3.6%

2.93x

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

  • Molina Healthcare is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Molina Healthcare's assets?
Raw Data
NYSE:MOH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $26.56
NYSE:MOH Share Price * NYSE (2019-04-18) in USD $120.68
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 5,184 Publicly-Listed Companies 1.91x
NYSE:MOH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 120.68 ÷ 26.56

4.54x

* Primary Listing of Molina Healthcare.

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

  • Molina Healthcare is overvalued based on assets compared to the US Healthcare industry average.
X
Value checks
We assess Molina Healthcare'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. Molina Healthcare has a total score of 4/6, 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.

MOH Future Performance

 How is Molina Healthcare expected to perform in the next 1 to 3 years based on estimates from 11 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
3.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Molina Healthcare expected to grow at an attractive rate?
  • Molina Healthcare's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Molina Healthcare's earnings growth is positive but not above the United States of America market average.
  • Molina Healthcare's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:MOH Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:MOH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 3.6%
NYSE:MOH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 2.1%
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 13.4%
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:MOH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:MOH Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 20,639 963 886 1
2022-12-31 19,463 899 815 1
2021-12-31 18,749 934 747 7
2020-12-31 17,466 813 673 11
2019-12-31 16,328 606 634 11
NYSE:MOH Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 18,144 -314 707
2018-09-30 18,500 -344 244
2018-06-30 18,921 446 -50
2018-03-31 19,133 479 -482
2017-12-31 19,445 804 -512
2017-09-30 18,722 997 -297
2017-06-30 18,216 1,067 -158
2017-03-31 17,581 1,253 105
2016-12-31 17,022 673 52
2016-09-30 16,666 852 129
2016-06-30 15,759 755 133
2016-03-31 14,939 710 139

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Molina Healthcare's earnings are expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
  • Molina Healthcare's revenue is expected to grow by 2.1% 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:MOH 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 11 Analyst Estimates (S&P Global) See Below

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

NYSE:MOH Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 13.37 13.37 13.37 1.00
2022-12-31 12.50 12.50 12.50 1.00
2021-12-31 11.65 12.80 10.32 5.00
2020-12-31 10.53 11.50 9.80 8.00
2019-12-31 9.80 10.54 9.45 8.00
NYSE:MOH Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 11.57
2018-09-30 4.07
2018-06-30 -0.85
2018-03-31 -8.38
2017-12-31 -9.08
2017-09-30 -5.31
2017-06-30 -2.85
2017-03-31 1.90
2016-12-31 0.94
2016-09-30 2.35
2016-06-30 2.44
2016-03-31 2.60

*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.
  • Molina Healthcare is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Molina Healthcare'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.
Molina Healthcare has a total score of 2/6, 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.

MOH Past Performance

  How has Molina Healthcare 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 Molina Healthcare'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.
  • Molina Healthcare's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Molina Healthcare has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Molina Healthcare has become profitable in the last year making it difficult to compare the US Healthcare industry average.
Earnings and Revenue History
Molina Healthcare'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 Molina Healthcare Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:MOH 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 18,144.00 707.00 1,333.00
2018-09-30 18,500.00 244.00 1,365.00
2018-06-30 18,921.00 -50.00 1,437.00
2018-03-31 19,133.00 -482.00 1,507.00
2017-12-31 19,445.00 -512.00 1,594.00
2017-09-30 18,722.00 -297.00 1,586.00
2017-06-30 18,216.00 -158.00 1,546.00
2017-03-31 17,581.00 105.00 1,492.00
2016-12-31 17,022.00 52.00 1,393.00
2016-09-30 16,666.00 129.00 1,350.00
2016-06-30 15,759.00 133.00 1,294.00
2016-03-31 14,939.00 139.00 1,230.00
2015-12-31 13,537.00 143.00 1,146.00
2015-09-30 12,728.42 146.36 1,034.80
2015-06-30 11,619.53 116.43 926.67
2015-03-31 10,431.45 85.17 832.91
2014-12-31 9,373.00 62.00 765.00
2014-09-30 8,323.79 19.60 747.21
2014-06-30 7,564.04 11.09 744.57
2014-03-31 6,881.07 19.14 712.81
2013-12-31 6,417.00 45.00 666.00
2013-09-30 6,295.63 80.07 632.04
2013-06-30 6,154.53 72.35 582.84
2013-03-31 5,991.68 23.49 544.66
2012-12-31 5,755.22 12.87 518.62
2012-09-30 5,521.70 -46.29 490.53
2012-06-30 5,196.17 -27.17 463.10

*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.
  • Molina Healthcare made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Molina Healthcare used its assets more efficiently than the US Healthcare industry average last year based on Return on Assets.
  • Molina Healthcare has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Molina Healthcare'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.
Molina Healthcare has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MOH Health

 How is Molina Healthcare'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 Molina Healthcare's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Molina Healthcare is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Molina Healthcare's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Molina Healthcare's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 4.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Molina Healthcare Company Filings, last reported 3 months ago.

NYSE:MOH Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,647.00 1,458.00 4,507.00
2018-09-30 1,561.00 1,513.00 4,626.00
2018-06-30 1,658.00 1,701.00 5,568.00
2018-03-31 1,553.00 2,082.00 6,173.00
2017-12-31 1,337.00 2,169.00 5,710.00
2017-09-30 1,429.00 2,297.00 5,721.00
2017-06-30 1,521.00 1,988.00 5,171.00
2017-03-31 1,727.00 1,654.00 5,254.00
2016-12-31 1,649.00 1,645.00 4,577.00
2016-09-30 1,691.00 1,635.00 4,577.00
2016-06-30 1,641.00 1,627.00 4,313.00
2016-03-31 1,590.00 1,618.00 4,226.00
2015-12-31 1,557.00 1,609.00 4,130.00
2015-09-30 1,518.01 927.25 3,625.68
2015-06-30 1,463.11 919.94 3,480.50
2015-03-31 1,041.99 912.62 3,073.89
2014-12-31 1,010.00 887.00 2,558.00
2014-09-30 964.29 908.81 2,441.28
2014-06-30 917.07 810.72 1,768.23
2014-03-31 897.72 799.29 1,779.57
2013-12-31 892.94 784.86 1,638.95
2013-09-30 892.85 770.18 1,591.71
2013-06-30 876.39 761.49 1,461.21
2013-03-31 764.20 644.44 1,511.46
2012-12-31 782.31 264.25 1,138.62
2012-09-30 755.00 261.69 1,072.38
2012-06-30 746.01 270.47 1,072.00
  • Molina Healthcare's level of debt (88.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (87.9% vs 88.5% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 10.4x coverage).
X
Financial health checks
We assess Molina Healthcare'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. Molina Healthcare 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.

MOH Dividends

 What is Molina Healthcare'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 Molina Healthcare dividends. Estimated to be 0% next year.
If you bought $2,000 of Molina Healthcare 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 Molina Healthcare's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Molina Healthcare'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:MOH 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 11 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 2009 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:MOH Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.00 1.00
2020-12-31 0.00 2.00
2019-12-31 0.00 2.00

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

  • Unable to perform a dividend volatility check as Molina Healthcare has not reported any payouts.
  • Unable to verify if Molina Healthcare's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Molina Healthcare's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Molina Healthcare has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Molina Healthcare'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 Molina Healthcare'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 Molina Healthcare afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Molina Healthcare 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.

MOH Management

 What is the CEO of Molina Healthcare'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
Joe Zubretsky
COMPENSATION $15,219,770
AGE 61
TENURE AS CEO 1.4 years
CEO Bio

Mr. Joseph Michael Zubretsky has been President, Chief Executive Officer and Director of Molina Healthcare, Inc. (“Molina”) since November 6, 2017. Mr. Zubretsky served as President and Chief Executive Officer for the Hanover Insurance Group from June 2016 to October 2017. Before that, he served in senior executive roles at Aetna, one of the nation’s largest health care benefits and insurance providers, most recently as Chief Executive Officer of its Healthagen Holdings subsidiary from January 2015 to October 2015 and also served as its Senior Executive Vice President of National Businesses from 2013 to 2014. He joined the Aetna as Chief Financial Officer from 2007 to 2013 and Executive Vice President. He held executive positions at companies including Unum Group, where he was Senior Executive Vice President , responsible for the company’s finance, investments, strategy, marketing and risk operations; Brera Capital Partners, a global private equity firm, where he was a partner; and MassMutual Financial Group, where he served as Executive Vice President of Business Development and Chief Financial Officer. He began his career at Coopers & Lybrand, becoming a partner of the firm’s national insurance practice. He earned his bachelor’s degree in business administration from the University of Hartford.

CEO Compensation
  • Joe's compensation has been consistent with company performance over the past year.
  • Joe'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 Molina Healthcare management team in years:

1.3
Average Tenure
55
Average Age
  • The average tenure for the Molina Healthcare management team is less than 2 years, this suggests a new team.
Management Team

Joe Zubretsky

TITLE
President
COMPENSATION
$15M
AGE
61
TENURE
1.4 yrs

Tom Tran

TITLE
CFO & Treasurer
COMPENSATION
$3M
AGE
61
TENURE
0.8 yrs

Jeff Barlow

TITLE
Chief Legal Officer & Secretary
COMPENSATION
$4M
AGE
55
TENURE
8.8 yrs

Mark Keim

TITLE
Executive Vice President of Strategic Planning
COMPENSATION
$4M
AGE
53
TENURE
1.3 yrs

Pamela Sedmak

TITLE
Executive Vice President of Health Plan Operations
COMPENSATION
$2M
AGE
56
TENURE
1.2 yrs

Maurice Hebert

TITLE
Chief Accounting Officer
AGE
55
TENURE
0.6 yrs

Ryan Kubota

TITLE
Director of Investor Relations

Joann Zarza-Garrido

TITLE
Vice President of Compliance
TENURE
12.7 yrs

Larry Anderson

TITLE
Executive VP & Chief Human Resources Officer
TENURE
0.3 yrs

Martha Bernadett

TITLE
Executive Vice President of Research & Development
COMPENSATION
$309K
AGE
55
TENURE
17.3 yrs
Board of Directors Tenure

Average tenure and age of the Molina Healthcare board of directors in years:

3.8
Average Tenure
66
Average Age
  • The tenure for the Molina Healthcare board of directors is about average.
Board of Directors

Dale Wolf

TITLE
Non-Executive Chairman of the Board
COMPENSATION
$522K
AGE
64
TENURE
1.9 yrs

Joe Zubretsky

TITLE
President
COMPENSATION
$15M
AGE
61
TENURE
1.4 yrs

Ronna Romney

TITLE
Vice Chair
COMPENSATION
$375K
AGE
74
TENURE
2.3 yrs

Steve Orlando

TITLE
Independent Director
COMPENSATION
$369K
AGE
66
TENURE
13.4 yrs

Garrey Carruthers

TITLE
Independent Director
COMPENSATION
$355K
AGE
78
TENURE
7.2 yrs

Dan Cooperman

TITLE
Independent Director
COMPENSATION
$369K
AGE
67
TENURE
6.1 yrs

Richard Schapiro

TITLE
Independent Director
COMPENSATION
$366K
AGE
62
TENURE
3.8 yrs

Charles Fedak

TITLE
Independent Director
COMPENSATION
$348K
AGE
66
TENURE
17.3 yrs

Dick Zoretic

TITLE
Independent Director
COMPENSATION
$144K
AGE
59
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
21. Nov 18 Sell Charles Fedak Individual 19. Nov 18 19. Nov 18 -3,795 $120.74 $-458,225
10. Nov 18 Sell Dale Wolf Individual 09. Nov 18 09. Nov 18 -4,000 $135.57 $-542,260
28. Aug 18 Sell Jeffrey Barlow Individual 27. Aug 18 27. Aug 18 -3,823 $139.22 $-532,229
16. Aug 18 Sell Daniel Cooperman Individual 14. Aug 18 14. Aug 18 -943 $133.81 $-126,181
10. Aug 18 Sell Dale Wolf Individual 07. Aug 18 07. Aug 18 -3,000 $126.63 $-379,890
10. Aug 18 Sell Norman Nichols Individual 08. Aug 18 08. Aug 18 -4,501 $127.00 $-571,627
10. Aug 18 Sell Garrey Carruthers Individual 09. Aug 18 09. Aug 18 -800 $127.69 $-102,156
08. Jun 18 Sell Garrey Carruthers Individual 07. Jun 18 07. Jun 18 -2,050 $86.37 $-176,788
X
Management checks
We assess Molina Healthcare'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. Molina Healthcare 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.

MOH News

Simply Wall St News

Is Molina Healthcare Inc's (NYSE:MOH) 16% Better Than Average?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every $1 worth of shareholders' equity, it generated $0.16 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Why Molina Healthcare Inc (NYSE:MOH) Could Be A Buy

Molina Healthcare Inc (NYSE:MOH), a healthcare company based in United States,. … As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s take a look at Molina Healthcare’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

What does Molina Healthcare Inc's (NYSE:MOH) Balance Sheet Tell Us About Its Future?

Mid-caps stocks, like Molina Healthcare Inc (NYSE:MOH) with a market capitalization of US$5.97b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. … While they are less talked about as an investment category, mid-cap risk-adjusted returns have generally been better than more commonly focused stocks that fall into the small- or large-cap categories. … Check out our latest analysis for Molina Healthcare

Simply Wall St -

Does Molina Healthcare Inc's (NYSE:MOH) Debt Level Pose A Problem?

With this increase in debt, the current cash and short-term investment levels stands at US$5.71B , ready to deploy into the business. … On top of this, MOH has produced US$804.00M in operating cash flow during the same period of time, leading to an operating cash to total debt ratio of 37.07%, indicating that MOH’s current level of operating cash is high enough to cover debt. … Next Steps: Although MOH’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet obligations which means its debt is being efficiently utilised.

Simply Wall St -

Should You Buy Molina Healthcare Inc (NYSE:MOH) Now?

Molina Healthcare Inc (NYSE:MOH), a healthcare company based in United States, saw significant share price volatility over the past couple of months on the NYSE, rising to the highs of $93.77 and falling to the lows of $73.83. … The stock’s ratio of 3.13x is currently trading slightly above its industry peers’ ratio of 2.57x, which means if you buy Molina Healthcare today, you’d be paying a relatively fair price for it. … MOH’s future growth appears to have been factored into the current share price, with shares trading around its fair value.

Simply Wall St -

Why Molina Healthcare Inc's (NYSE:MOH) Investor Composition Impacts Your Returns

In this article, I'm going to take a look at Molina Healthcare Inc’s (NYSE:MOH) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Insider Ownership Another important group of shareholders are company insiders. … Private Company Ownership Potential investors in MOH should also look at another important group of investors: private companies, with a stake of 0.0013%, who are primarily invested because of strategic and capital gain interests.

Simply Wall St -

Is Molina Healthcare Inc (NYSE:MOH) A Financially Sound Company?

NYSE:MOH Historical Debt Dec 14th 17 A substantially higher debt poses a significant threat to a company’s profitability during a downturn. … NYSE:MOH Net Worth Dec 14th 17 Another important aspect of financial health is liquidity: the company’s ability to meet short-term obligations, including payments to suppliers and employees. … MOH’s high cash coverage means that, although its debt levels are high, investors shouldn’t panic since the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

Should You Buy Molina Healthcare Inc (MOH)?

This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at MOH future expectations. … MOH’s optimistic future growth appears to have been factored into the current share price, with shares trading above its fair value.

Simply Wall St -

MOH Company Info

Description

Molina Healthcare, Inc., a multi-state healthcare organization, provides managed health care services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces. As of December 31, 2018, it served approximately 3.8 million members in 14 states and the Commonwealth of Puerto Rico, who are eligible for Medicaid, Medicare, and other government-sponsored health care programs. The company offers its health care services for its members through contracts with a network of providers, including physicians and physician groups, hospitals, ancillary providers, and pharmacies. Molina Healthcare, Inc. was founded in 1980 and is headquartered in Long Beach, California.

Details
Name: Molina Healthcare, Inc.
MOH
Exchange: NYSE
Founded: 1980
$7,558,133,852
62,629,548
Website: http://www.molinahealthcare.com
Address: Molina Healthcare, Inc.
200 Oceangate,
Suite 100,
Long Beach,
California, 90802,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE MOH Common Shares New York Stock Exchange US USD 02. Jul 2003
DB MHG Common Shares Deutsche Boerse AG DE EUR 02. Jul 2003
Number of employees
Current staff
Staff numbers
11,000
Molina Healthcare employees.
Industry
Managed Health Care
Healthcare
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 23:48
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/19
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.