Performant Financial Corporation
Performant Healthcare, Inc. provides technology-enabled payment integrity, eligibility, and related analytics services. It supports healthcare payers in identifying, preventing, and recovering waste and improper payments through advanced technology, analytics, and proprietary data assets. The company offers coordination-of-benefits services, as well as claims-based services, which includes the au… Read more
Performant Financial Corporation (PFMT) - Net Assets
Latest net assets as of September 2024: $75.24 Million USD
Based on the latest financial reports, Performant Financial Corporation (PFMT) has net assets worth $75.24 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($101.84 Million) and total liabilities ($26.61 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $75.24 Million |
| % of Total Assets | 73.88% |
| Annual Growth Rate | N/A |
| 5-Year Change | 50.5% |
| 10-Year Change | -11.48% |
| Growth Volatility | 66.58 |
Performant Financial Corporation - Net Assets Trend (2011–2023)
This chart illustrates how Performant Financial Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Performant Financial Corporation (2011–2023)
The table below shows the annual net assets of Performant Financial Corporation from 2011 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $80.71 Million | -4.47% |
| 2022-12-31 | $84.48 Million | +2.50% |
| 2021-12-31 | $82.42 Million | +96.34% |
| 2020-12-31 | $41.98 Million | -21.72% |
| 2019-12-31 | $53.62 Million | -30.56% |
| 2018-12-31 | $77.23 Million | -3.86% |
| 2017-12-31 | $80.33 Million | -6.86% |
| 2016-12-31 | $86.25 Million | -8.11% |
| 2015-12-31 | $93.86 Million | +2.94% |
| 2014-12-31 | $91.17 Million | +22.82% |
| 2013-12-31 | $74.23 Million | +208.37% |
| 2012-12-31 | $24.07 Million | +253.28% |
| 2011-12-31 | $-15.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Performant Financial Corporation'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 3248800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $8.00K | 0.01% |
| Other Components | $146.00 Million | 180.90% |
| Total Equity | $80.71 Million | 100.00% |
Performant Financial Corporation Competitors by Market Cap
The table below lists competitors of Performant Financial Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhe Jiang Li Zi Yuan Food Co Ltd
SHG:605337
|
$200.24 Million |
|
XIAO FANG ORD A (SHH) EQSW Exp:
SHG:603207
|
$200.26 Million |
|
Achieve Life Sciences Inc
NASDAQ:ACHV
|
$200.27 Million |
|
Ribbon Communications Inc
NASDAQ:RBBN
|
$200.29 Million |
|
Sky Network Television Ltd
AU:SKT
|
$200.24 Million |
|
Eimskipafélag Íslands hf
IC:EIM
|
$200.24 Million |
|
Regal Real Estate Investment Trust
OTCGREY:RREIF
|
$200.17 Million |
|
Yongtaiyun Chemical Logistics Co.Ltd
SHE:001228
|
$200.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Performant Financial Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 84,485,000 to 80,707,000, a change of -3,778,000 (-4.5%).
- Net loss of 7,519,000 reduced equity.
- Share repurchases of 196,000 reduced equity.
- Other factors increased equity by 3,937,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-7.52 Million | -9.32% |
| Share Repurchases | $196.00K | -0.24% |
| Other Changes | $3.94 Million | +4.88% |
| Total Change | $- | -4.47% |
Book Value vs Market Value Analysis
This analysis compares Performant Financial Corporation'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
- Current price-to-book ratio: 3.36x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $-0.35 | $3.56 | x |
| 2012-12-31 | $0.51 | $3.56 | x |
| 2013-12-31 | $1.50 | $3.56 | x |
| 2014-12-31 | $1.83 | $3.56 | x |
| 2015-12-31 | $1.90 | $3.56 | x |
| 2016-12-31 | $1.72 | $3.56 | x |
| 2017-12-31 | $1.58 | $3.56 | x |
| 2018-12-31 | $1.48 | $3.56 | x |
| 2019-12-31 | $1.00 | $3.56 | x |
| 2020-12-31 | $0.77 | $3.56 | x |
| 2021-12-31 | $1.36 | $3.56 | x |
| 2022-12-31 | $1.16 | $3.56 | x |
| 2023-12-31 | $1.06 | $3.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Performant Financial Corporation 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): -9.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.61%
- • Asset Turnover: 1.15x
- • Equity Multiplier: 1.23x
- Recent ROE (-9.32%) is below the historical average (0.02%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 0.00% | 7.59% | 0.89x | 0.00x | $13.94 Million |
| 2012 | 95.34% | 10.93% | 0.99x | 8.80x | $20.54 Million |
| 2013 | 48.95% | 14.23% | 0.99x | 3.47x | $28.92 Million |
| 2014 | 10.31% | 4.81% | 0.74x | 2.88x | $282.80K |
| 2015 | -1.91% | -1.13% | 0.65x | 2.61x | $-11.18 Million |
| 2016 | -13.28% | -8.10% | 0.76x | 2.15x | $-20.08 Million |
| 2017 | -15.85% | -9.64% | 0.80x | 2.05x | $-20.76 Million |
| 2018 | -10.37% | -5.15% | 1.13x | 1.78x | $-15.73 Million |
| 2019 | -50.01% | -17.83% | 1.08x | 2.59x | $-32.18 Million |
| 2020 | -33.32% | -8.97% | 1.24x | 3.01x | $-18.19 Million |
| 2021 | -12.48% | -8.27% | 1.02x | 1.48x | $-18.53 Million |
| 2022 | -7.74% | -5.99% | 0.92x | 1.41x | $-14.99 Million |
| 2023 | -9.32% | -6.61% | 1.15x | 1.23x | $-15.59 Million |
Industry Comparison
This section compares Performant Financial Corporation's net assets metrics with peer companies in the Health Information Services industry.
Industry Context
- Industry: Health Information Services
- Average net assets among peers: $79,108,599
- Average return on equity (ROE) among peers: -247.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Performant Financial Corporation (PFMT) | $75.24 Million | 0.00% | 0.35x | $200.24 Million |
| Accolade, Inc. (ACCD) | $473.79 Million | -97.02% | 0.91x | $448.32 Million |
| Achiko AG (ACHKF) | $-4.58 Million | 0.00% | 0.00x | $314.42K |
| Ascom Holding AG (ACMLF) | $78.70 Million | 22.11% | 1.51x | $152.13 Million |
| Accelera Innovations Inc (ACNV) | $-462.52K | 0.00% | 0.00x | $5.72K |
| Aclarion Inc (ACON) | $-7.08 Million | 0.00% | 0.00x | $1.89 Million |
| Alternate Health Corp (AHGIF) | $1.07 Million | -2231.82% | 7.94x | $6.50K |
| AI/ML Innovations Inc (AIMLF) | $2.09 Million | -130.52% | 0.72x | $6.84 Million |
| NetraMark Holdings Inc. (AINMF) | $-198.56K | 0.00% | 0.00x | $70.13 Million |
| AMJ Global Technology (AMJT) | $-21.78K | 0.00% | 0.00x | $10.99 Million |
| American Well Corp (AMWL) | $247.79 Million | -38.62% | 0.31x | $78.62 Million |