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AMN Healthcare Services Inc AMN

Morningstar Rating
$57.16 −2.00 (3.38%)
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Company Report

AMN Healthcare Earnings: Margin Under Substantial Pressure as Clients Reflect on Workforce Demands

Narrow-moat AMN Healthcare's fourth-quarter results came in line with our expectations. However, we are lowering our fair value estimate to $95 per share from $115 mainly due to the firm's lower margin outlook. We think AMN's performance is under substantial pressure as healthcare organizations make efforts to reduce contract labor costs and cater to normalized medical utilization trends with permanent hires. However, AMN still benefits from its network effect with the company continuing to enhance its locum tenens and technology offerings.

Price vs Fair Value

AMN is trading at a 40% discount.
Price
$57.16
Fair Value
$84.00
Uncertainty
High
1-Star Price
$687.81
5-Star Price
$21.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Anticipated challenges with producing enough nurses to more than offset the expected retirements offer favorable business conditions for AMN.

Bears

If unemployment rates spike, history shows that the temporary healthcare staffing industry will be negatively affected.

Is it the right time to buy, sell, or hold?
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News

Trading Information

Previous Close Price
$59.16
Day Range
$55.8058.82
52-Week Range
$55.80112.44
Bid/Ask
$42.68 / $71.12
Market Cap
$2.16 Bil
Volume/Avg
1.3 Mil / 678,038

Key Statistics

Price/Earnings (Normalized)
8.36
Price/Sales
0.77
Dividend Yield (Trailing)
Dividend Yield (Forward)
Total Yield
27.76%

Company Profile

AMN Healthcare Services is one of the largest healthcare staffing company in the United States. In 2023, it offered more than 13,000 nurses and allied healthcare full-time workers with provider clients nationwide. About two thirds of its business is generated from its temporary nursing division; the other third is generated from its physician placement and technology-backed workplace solutions divisions.
Sector
Healthcare
Industry
Medical Care Facilities
Stock Style Box
Small Value
Total Number of Employees
4,230

Comparables

Valuation

Metric
AMN
AGL
DANE
Price/Earnings (Normalized)
8.3622.24
Price/Book Value
3.583.333.61
Price/Sales
0.770.700.74
Price/Cash Flow
6.0410.43
Price/Earnings
AMN
AGL
DANE

Financial Strength

Metric
AMN
AGL
DANE
Quick Ratio
1.091.471.07
Current Ratio
1.181.501.07
Interest Coverage
9.26−12.546.11
Quick Ratio
AMN
AGL
DANE

Profitability

Metric
AMN
AGL
DANE
Return on Assets (Normalized)
13.50%−1.85%8.91%
Return on Equity (Normalized)
40.32%−3.86%22.85%
Return on Invested Capital (Normalized)
21.83%−3.18%14.74%
Return on Assets
AMN
AGL
DANE
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Name
Morningstar Rating for Stocks
Economic Moat
Market Cap
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FSNUF
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FSNUY
Fresenius SE & Co KGaA ADRDkvym$15.7 Bil
BDULF
Bangkok Dusit Medical Services PCL Shs Foreign RegisteredZfft$13.3 Bil
JDHIF
JD Health International IncClpplm$12.5 Bil
JDHIY
JD Health International Inc ADRXwntvd$12.5 Bil
FMS
Fresenius Medical Care AG ADRHmtsdkn$11.4 Bil
DVA
DaVita IncQvvkmd$10.7 Bil
THC
Tenet Healthcare CorpPyl$9.2 Bil

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