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HCA Healthcare Inc HCA

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Stock XNYS Rating as of
$354.78 +1.99 (0.56%)
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As of Delayed Price Closed
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Company Report

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HCA Earnings: Increasing Fair Value Estimate on Strong Utilization Trends and Higher 2024 Outlook

Julie Utterback

Narrow-moat HCA Healthcare turned in better-than-anticipated second-quarter results on improving medical utilization trends, and the firm raised its guidance for 2024 above our previous expectations. After accounting for these strong trends and cash flows generated since our last valuation update, we are raising our fair value estimate by 11% to $316 per share from $285. We continue to view HCA shares as mildly overvalued, though, after investors have bid up this healthcare services bellwether in a rising medical utilization environment.

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Price vs Fair Value

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HCA is trading at a 524% premium.
Price
$354.78
Fair Value
$814.00
Uncertainty
Medium
1-Star Price
$514.40
5-Star Price
$256.80
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

HCA benefits when medical utilization rises, which looks likely to continue in the long run given favorable demographic trends.

Bears

Healthcare policy changes will likely remain a key ESG risk until universal, affordable coverage is achieved in the US.

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News

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Trading Information

Previous Close Price
$352.79
Day Range
$351.18–356.09
52-Week Range
$215.96–356.30
Bid/Ask
$299.34 / $365.00
Market Cap
$92.92 Bil
Volume/Avg
1.2 Mil / 1.2 Mil

Key Statistics

Price/Earnings (Normalized)
18.23
Price/Sales
1.40
Dividend Yield (Trailing)
0.71%
Dividend Yield (Forward)
0.74%
Total Yield
5.66%

Company Profile

HCA Healthcare is a Nashville-based healthcare provider organization operating the largest collection of acute-care hospitals in the United States. As of June 2024, the firm owned and operated 188 hospitals, 123 freestanding outpatient surgery centers, and a broad network of physician offices, urgent-care clinics, and freestanding emergency rooms across 20 states and a small foothold in England.
Sector
Healthcare
Industry
Medical Care Facilities
Stock Style Box
Large Value
Total Number of Employees
310,000
Website
https://www.hcahealthcare.com

Competitors

Valuation

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Metric
HCA
THC
DVA
Price/Earnings (Normalized)
 18.2317.2714.97
Price/Book Value
 —4.2613.01
Price/Sales
 1.400.741.03
Price/Cash Flow
 9.238.296.40
Price/Earnings
HCA
THC
DVA

Financial Strength

Metric
HCA
THC
DVA
Quick Ratio
 0.861.231.30
Current Ratio
 1.161.441.43
Interest Coverage
 5.075.814.36
Quick Ratio
HCA
THC
DVA

Profitability

Metric
HCA
THC
DVA
Return on Assets (Normalized)
 9.68%3.29%6.99%
Return on Equity (Normalized)
 —50.21%118.17%
Return on Invested Capital (Normalized)
 16.36%7.95%10.75%
Return on Assets
HCA
THC
DVA
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Medical Care Facilities Industry Comparables

Screen With Investor
1-Day Chart
Name
Price
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
Fresenius SE & Co KGaA
FSNUF
—Tjwby$19.5 Bil
 Fresenius SE & Co KGaA ADR
FSNUY
—Tqvxv$19.5 Bil
 Tenet Healthcare Corp
THC
VjnlrnxMzpwh$14.8 Bil
 Universal Health Services Inc Class B
UHS
—Mcbcnzy$14.3 Bil
 DaVita Inc
DVA
YsdfmmldYnhsdr$12.1 Bil
 Fresenius Medical Care AG
FMCQF
—Nzqr$11.8 Bil
 Fresenius Medical Care AG ADR
FMS
SbqvPblrpnz$11.8 Bil
 Bangkok Dusit Medical Services PCL Shs Foreign Registered
BDULF
—Msgmyc$11.6 Bil
 AMN Healthcare Services Inc
AMN
NmrrslsdGntyz$2.4 Bil

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