ModivCare Inc (MODV) - Net Assets
Based on the latest financial reports, ModivCare Inc (MODV) has net assets worth $-87.63 Million USD as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.68 Billion) and total liabilities ($1.76 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how strategically is ModivCare Inc's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-87.63 Million |
| % of Total Assets | -5.23% |
| Annual Growth Rate | N/A |
| 5-Year Change | -109.35% |
| 10-Year Change | -110.46% |
| Growth Volatility | 66.13 |
ModivCare Inc - Net Assets Trend (2000–2024)
This chart illustrates how ModivCare Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see ModivCare Inc market cap and net worth.
Annual Net Assets for ModivCare Inc (2000–2024)
The table below shows the annual net assets of ModivCare Inc from 2000 to 2024. Also explore MODV shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $-38.47 Million | -124.63% |
| 2023-12-31 | $156.19 Million | -55.95% |
| 2022-12-31 | $354.56 Million | -5.01% |
| 2021-12-31 | $373.27 Million | -9.32% |
| 2020-12-31 | $411.61 Million | +4.28% |
| 2019-12-31 | $394.71 Million | +1.63% |
| 2018-12-31 | $388.39 Million | -6.09% |
| 2017-12-31 | $413.56 Million | +10.21% |
| 2016-12-31 | $375.24 Million | +2.05% |
| 2015-12-31 | $367.71 Million | +66.07% |
| 2014-12-31 | $221.41 Million | +46.99% |
| 2013-12-31 | $150.64 Million | +26.92% |
| 2012-12-31 | $118.69 Million | +8.86% |
| 2011-12-31 | $109.02 Million | +22.84% |
| 2010-12-31 | $88.75 Million | +42.37% |
| 2009-12-31 | $62.34 Million | +64.52% |
| 2008-12-31 | $37.89 Million | -79.88% |
| 2007-12-31 | $188.31 Million | +18.39% |
| 2006-12-31 | $159.06 Million | +95.77% |
| 2005-12-31 | $81.25 Million | +25.77% |
| 2004-12-31 | $64.60 Million | +47.71% |
| 2003-12-31 | $43.73 Million | +1042.01% |
| 2002-12-31 | $-4.64 Million | -211.52% |
| 2001-12-31 | $4.16 Million | +66.12% |
| 2000-12-31 | $2.51 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to ModivCare Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 22571500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $20.00K | % |
| Other Components | $187.22 Million | % |
| Total Equity | $-38.47 Million | 100.00% |
ModivCare Inc Competitors by Market Cap
The table below lists competitors of ModivCare Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Inspire Veterinary Partners, Inc. Class A Common Stock
NASDAQ:IVP
|
$4.05 Million |
|
Flash Sports & Media Holdings, Inc.
NASDAQ:FLZH
|
$4.05 Million |
|
Forbidden Foods Ltd
AU:FFF
|
$4.05 Million |
|
New Plus Knitting Public Company Limited
BK:NPK
|
$4.05 Million |
|
Babylon Pump & Power Ltd
AU:BPP
|
$4.04 Million |
|
Duksung Co Ltd
KO:004835
|
$4.04 Million |
|
REY Resources Ltd
AU:REY
|
$4.04 Million |
|
CT Private Equity Trust PLC
LSE:CTPE
|
$4.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ModivCare Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 156,195,000 to -38,474,000, a change of -194,669,000 (-124.6%).
- Net loss of 201,278,000 reduced equity.
- Share repurchases of 620,000 reduced equity.
- Other factors increased equity by 7,229,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-201.28 Million | -523.15% |
| Share Repurchases | $620.00K | -1.61% |
| Other Changes | $7.23 Million | +18.79% |
| Total Change | $- | -124.63% |
Book Value vs Market Value Analysis
This analysis compares ModivCare Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $-2.29 | $0.28 | x |
| 2003-12-31 | $9.87 | $0.28 | x |
| 2004-12-31 | $6.90 | $0.28 | x |
| 2005-12-31 | $8.22 | $0.28 | x |
| 2006-12-31 | $13.62 | $0.28 | x |
| 2007-12-31 | $15.00 | $0.28 | x |
| 2008-12-31 | $2.44 | $0.28 | x |
| 2009-12-31 | $4.19 | $0.28 | x |
| 2010-12-31 | $5.47 | $0.28 | x |
| 2011-12-31 | $7.66 | $0.28 | x |
| 2012-12-31 | $8.37 | $0.28 | x |
| 2013-12-31 | $10.40 | $0.28 | x |
| 2014-12-31 | $14.74 | $0.28 | x |
| 2015-12-31 | $23.07 | $0.28 | x |
| 2016-12-31 | $25.39 | $0.28 | x |
| 2017-12-31 | $30.40 | $0.28 | x |
| 2018-12-31 | $29.80 | $0.28 | x |
| 2019-12-31 | $30.46 | $0.28 | x |
| 2020-12-31 | $30.08 | $0.28 | x |
| 2021-12-31 | $26.56 | $0.28 | x |
| 2022-12-31 | $25.21 | $0.28 | x |
| 2023-12-31 | $11.02 | $0.28 | x |
| 2024-12-31 | $-2.70 | $0.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ModivCare Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.22%
- • Asset Turnover: 1.69x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-14.04%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 15.72% | 1.60% | 3.10x | 3.17x | $143.40K |
| 2001 | 32.28% | 4.09% | 1.37x | 5.78x | $927.70K |
| 2002 | 0.00% | -20.75% | 0.92x | 0.00x | $-4.26 Million |
| 2003 | 6.05% | 4.46% | 1.11x | 1.22x | $-1.73 Million |
| 2004 | 10.97% | 7.31% | 1.28x | 1.18x | $625.27K |
| 2005 | 11.60% | 6.47% | 1.22x | 1.46x | $1.30 Million |
| 2006 | 5.90% | 4.89% | 1.00x | 1.21x | $-6.52 Million |
| 2007 | 7.96% | 5.05% | 0.52x | 3.06x | $-3.68 Million |
| 2008 | -508.10% | -22.50% | 1.89x | 11.94x | $-158.67 Million |
| 2009 | 38.15% | 2.64% | 2.09x | 6.92x | $15.59 Million |
| 2010 | 28.89% | 2.69% | 2.27x | 4.73x | $15.45 Million |
| 2011 | 16.60% | 1.80% | 2.49x | 3.71x | $6.73 Million |
| 2012 | 7.59% | 0.77% | 2.82x | 3.51x | $-2.69 Million |
| 2013 | 13.53% | 1.73% | 2.64x | 2.96x | $5.07 Million |
| 2014 | 9.16% | 1.37% | 1.27x | 5.26x | $-1.86 Million |
| 2015 | 22.73% | 4.94% | 1.61x | 2.86x | $46.88 Million |
| 2016 | 24.50% | 5.82% | 2.27x | 1.85x | $54.40 Million |
| 2017 | 12.84% | 3.29% | 2.31x | 1.69x | $11.80 Million |
| 2018 | -4.89% | -1.37% | 2.42x | 1.47x | $-57.82 Million |
| 2019 | -1.25% | -0.33% | 2.53x | 1.51x | $-44.42 Million |
| 2020 | 21.58% | 6.49% | 0.96x | 3.46x | $47.67 Million |
| 2021 | 8.56% | 1.60% | 0.98x | 5.43x | $-5.37 Million |
| 2022 | -0.52% | -0.07% | 1.29x | 5.48x | $-37.30 Million |
| 2023 | -130.90% | -7.43% | 1.56x | 11.31x | $-220.08 Million |
| 2024 | 0.00% | -7.22% | 1.69x | 0.00x | $-197.43 Million |
Industry Comparison
This section compares ModivCare Inc's net assets metrics with peer companies in the Medical Care Facilities industry.
Industry Context
- Industry: Medical Care Facilities
- Average net assets among peers: $468,452,981
- Average return on equity (ROE) among peers: 4.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ModivCare Inc (MODV) | $-87.63 Million | 15.72% | N/A | $4.04 Million |
| Acadia Healthcare Company Inc (ACHC) | $1.69 Billion | 7.07% | 1.54x | $1.52 Billion |
| Addus HomeCare Corporation (ADUS) | $34.55 Million | 0.57% | 2.43x | $1.69 Billion |
| agilon health Inc (AGL) | $-284.73 Million | 0.00% | 0.00x | $1.55 Billion |
| Airsculpt Technologies Inc (AIRS) | $83.99 Million | -5.33% | 1.43x | $153.56 Million |
| Amedisys Inc (AMED) | $736.34 Million | 18.45% | 0.59x | $3.32 Billion |
| AMN Healthcare Services Inc (AMN) | $819.68 Million | 8.62% | 1.87x | $624.22 Million |
| American Shared Hospital Service (AMS) | $11.70 Million | 13.68% | 4.25x | $8.87 Million |
| American Oncology Network Inc. (AONC) | $70.71 Million | -7.84% | 4.30x | $325.24 Million |
| Ardent Health Partners, Inc. (ARDT) | $1.52 Billion | 13.82% | 2.26x | $1.53 Billion |
| Astrana Health Inc (ASTH) | $-83.19K | 0.00% | 0.00x | $1.89 Billion |
About ModivCare Inc
ModivCare Inc., a technology-enabled healthcare services company, provides a suite of integrated supportive care solutions for public and private payors and their members in the United States. It operates through four segments: Non-Emergency Medical Transportation, Personal Care Services, Monitoring, and Corporate and Other. The Non-Emergency Medical Transportation segment offers risk underwritin… Read more