InnovAge Holding Corp INNV

Morningstar Rating
$9.30 +0.14 (1.53%)
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About Quantitative Ratings

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.

Price vs Fair Value

INNV is trading at a 865% premium.
Price
$9.15
Fair Value
$6.16
Uncertainty
Rty
1-Star Price
$12.63
5-Star Price
$1.33
Economic Moat
Fdyg
Capital Allocation

Trading Information

Previous Close Price
$9.15
Day Range
$9.019.33
52-Week Range
$3.1510.67
Bid/Ask
$9.27 / $9.30
Shares Outstanding
135.74M
Market Cap
$1.25B
Volume/Avg
152,470 / 294,817

Key Statistics

Price/Earnings (Normalized)
43.30
Price/Sales
1.30
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Total Yield
0.02%

Company Profile

InnovAge Holding Corp is a healthcare delivery platform comprising multiple participants focused on providing all-inclusive, capitated care to high-cost seniors, many of whom are dual-eligible. Its programs are designed to address two of the pressing challenges facing the U.S. healthcare industry: rising costs and poor outcomes. The purpose of the participant-centered care delivery approach is to improve the quality of care participants receive, while keeping them in their homes for as long as possible and reducing the overutilization of high-cost care settings, such as hospitals and nursing homes. The company manages its business as one reportable segment, PACE.
Sector
Healthcare
Industry
Medical Care Facilities
Stock Style Box
Small Core
Total Number of Employees
2,440

Valuation

Metric
INNV
Price/Earnings (Normalized)
43.30
Price/Book Value
5.40
Price/Sales
1.30
Price/Cash Flow
46.22
Price/Earnings
INNV

Financial Strength

Metric
INNV
Quick Ratio
0.87
Current Ratio
1.03
Interest Coverage
−2.11
Quick Ratio
INNV

Profitability

Metric
INNV
Return on Assets (Normalized)
−0.37%
Return on Equity (Normalized)
−0.82%
Return on Invested Capital (Normalized)
0.40%
Return on Assets
INNV

Medical Care Facilities Industry Comparables

1-Day Chart
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Morningstar Rating for Stocks
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Economic Moat
Market Cap
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Encompass Health Corp
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Universal Health Services Inc Class B
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Genesis Healthcare Inc Class A
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