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BRIGHT HEALTH GROUP INC (BHG) Stock Fundamental Analysis

NYSE:BHG - New York Stock Exchange, Inc. - US10920V4041 - Common Stock - Currency: USD

16.35  +1.4 (+9.36%)

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to BHG. BHG was compared to 105 industry peers in the Health Care Providers & Services industry. Both the profitability and financial health of BHG have multiple concerns. BHG is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

In the past year BHG has reported negative net income.
BHG had a negative operating cash flow in the past year.
BHG had negative earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: BHG reported negative operating cash flow in multiple years.
BHG Yearly Net Income VS EBIT VS OCF VS FCFBHG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 0 -500M -1B

1.2 Ratios

BHG's Return On Assets of -79.71% is on the low side compared to the rest of the industry. BHG is outperformed by 90.43% of its industry peers.
Industry RankSector Rank
ROA -79.71%
ROE N/A
ROIC N/A
ROA(3y)-26.23%
ROA(5y)N/A
ROE(3y)-110.76%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
BHG Yearly ROA, ROE, ROICBHG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 -50 -100 -150 -200

1.3 Margins

BHG does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
BHG Yearly Profit, Operating, Gross MarginsBHG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 -20 -40 -60

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2. Health

2.1 Basic Checks

BHG does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, BHG has about the same amount of shares outstanding.
BHG has a worse debt/assets ratio than last year.
BHG Yearly Shares OutstandingBHG Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2M 4M 6M
BHG Yearly Total Debt VS Total AssetsBHG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 1B 2B 3B 4B

2.2 Solvency

BHG has an Altman-Z score of -1.98. This is a bad value and indicates that BHG is not financially healthy and even has some risk of bankruptcy.
BHG has a Altman-Z score of -1.98. This is amonst the worse of the industry: BHG underperforms 81.74% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Altman-Z -1.98
ROIC/WACCN/A
WACC6.5%
BHG Yearly LT Debt VS Equity VS FCFBHG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 0 200M 400M 600M 800M 1B

2.3 Liquidity

BHG has a Current Ratio of 1.09. This is a normal value and indicates that BHG is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of BHG (1.09) is worse than 66.09% of its industry peers.
BHG has a Quick Ratio of 1.09. This is a normal value and indicates that BHG is financially healthy and should not expect problems in meeting its short term obligations.
BHG has a Quick ratio (1.09) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.09
Quick Ratio 1.09
BHG Yearly Current Assets VS Current LiabilitesBHG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 200M 400M 600M 800M 1B

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3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 47.41% over the past year.
BHG shows a strong growth in Revenue. In the last year, the Revenue has grown by 367.50%.
BHG shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 104.82% yearly.
EPS 1Y (TTM)47.41%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%78.68%
Revenue 1Y (TTM)367.5%
Revenue growth 3Y104.82%
Revenue growth 5YN/A
Sales Q2Q%39.3%

3.2 Future

BHG is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.13% yearly.
The Revenue is expected to decrease by -15.72% on average over the next years. This is quite bad
EPS Next Y25.96%
EPS Next 2Y38.14%
EPS Next 3Y24.13%
EPS Next 5YN/A
Revenue Next Year-45.23%
Revenue Next 2Y-27.55%
Revenue Next 3Y-15.72%
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
BHG Yearly Revenue VS EstimatesBHG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B
BHG Yearly EPS VS EstimatesBHG Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 -50 -100

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for BHG. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for BHG. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
BHG Price Earnings VS Forward Price EarningsBHG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
BHG Per share dataBHG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 200 -200

4.3 Compensation for Growth

A more expensive valuation may be justified as BHG's earnings are expected to grow with 24.13% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y38.14%
EPS Next 3Y24.13%

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5. Dividend

5.1 Amount

BHG does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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BRIGHT HEALTH GROUP INC

NYSE:BHG (1/26/2024, 8:04:13 PM)

16.35

+1.4 (+9.36%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Providers & Services
Earnings (Last)11-07 2023-11-07/bmo
Earnings (Next)03-01 2024-03-01/amc
Inst Owners65.17%
Inst Owner Change0%
Ins Owners1738.12%
Ins Owner Change0%
Market Cap130.47M
Analysts49.09
Price Target27.2 (66.36%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-33.04%
Min EPS beat(2)-93.71%
Max EPS beat(2)27.63%
EPS beat(4)2
Avg EPS beat(4)-29.92%
Min EPS beat(4)-93.71%
Max EPS beat(4)33.99%
EPS beat(8)2
Avg EPS beat(8)-51.14%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-33.49%
Min Revenue beat(2)-60.77%
Max Revenue beat(2)-6.22%
Revenue beat(4)1
Avg Revenue beat(4)-30.07%
Min Revenue beat(4)-61.47%
Max Revenue beat(4)8.17%
Revenue beat(8)1
Avg Revenue beat(8)-79.17%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-29.82%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-20.06%
EPS NY rev (1m)0%
EPS NY rev (3m)-293.09%
Revenue NQ rev (1m)-1.13%
Revenue NQ rev (3m)0.14%
Revenue NY rev (1m)13.29%
Revenue NY rev (3m)-0.38%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.05
P/FCF N/A
P/OCF N/A
P/B N/A
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-54.11
EYN/A
EPS(NY)-11.81
Fwd EYN/A
FCF(TTM)-285.84
FCFYN/A
OCF(TTM)-284.79
OCFYN/A
SpS345.44
BVpS-16.62
TBVpS-28.67
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -79.71%
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-26.23%
ROA(5y)N/A
ROE(3y)-110.76%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover1.34
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 27.54%
Cap/Sales 0.3%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.09
Quick Ratio 1.09
Altman-Z -1.98
F-Score3
WACC6.5%
ROIC/WACCN/A
Cap/Depr(3y)72.7%
Cap/Depr(5y)72.16%
Cap/Sales(3y)1.47%
Cap/Sales(5y)1.05%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)47.41%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%78.68%
EPS Next Y25.96%
EPS Next 2Y38.14%
EPS Next 3Y24.13%
EPS Next 5YN/A
Revenue 1Y (TTM)367.5%
Revenue growth 3Y104.82%
Revenue growth 5YN/A
Sales Q2Q%39.3%
Revenue Next Year-45.23%
Revenue Next 2Y-27.55%
Revenue Next 3Y-15.72%
Revenue Next 5YN/A
EBIT growth 1Y-91.36%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year100.46%
EBIT Next 3Y26.39%
EBIT Next 5YN/A
FCF growth 1Y-1745.74%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-1480.68%
OCF growth 3YN/A
OCF growth 5YN/A