DCF Tool


AMN Healthcare Services Inc. – Dental Laboratories
amn healthcare is the innovator in healthcare workforce solutions and staffing services to healthcare facilities across the nation. amn healthcare’s workforce solutions - including managed services programs and recruitment process outsourcing - enable providers to successfully reduce complexity, increase efficiency and improve patient outcomes within the rapidly evolving healthcare environment. the company provides unparalleled access to the largest network of quality clinicians and physicians through its innovative recruitment strategies and breadth of career opportunities. clients include acute-care hospitals, government facilities, community health centers and clinics, physician practice groups and many other healthcare settings. for more information, visit http://www.amnhealthcare.com or http://jobs.amncareers.com/ to learn about amn career opportunities.
Analysis Results
Intrinsic Value $1,588.27
Latest Price $69.21
Relative Value 96% undervalued
Thoughts on this result? Let us know.
Cash Flow (Billions)
Analysis Parameters
New Ticker
Analysis Details
Growth Rate Projection

An exponential growth model was fit to the past cash flow data, giving more weight to more recent years. This model determined a growth rate estimate of 34.1%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 3.2%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 34.1%, the cash flows for the next 5 years are projected.

The present value of each year's flow is adjusted to present value using the discount rate.

Year Future flow (billion) Present value (billion)
2023 0.675 0.654
2024 0.905 0.85
2025 1.21 1.1
2026 1.63 1.43
2027 2.18 1.86
Terminal Value

Assuming the company was sold after the projection period at an exit multiple of 30, the terminal value of the company would be 65.5 billion. This corresponds to a present value of 54.1 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 5.9 billion. Adding in the terminal value gives a total present value of 60.0 billion.

There are presently 37.8 million outstanding shares, so the intrinsic value per share is 1588.27.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 1,093,645,000
Current Cash 64,524,000
Current Liabilities 857,933,000
Current Debt 0
Non-Cash Working Capital (NCWC) 171,188,000
Change in NCWC -27,562,000
EBIT 647,101,000
Tax Provision 162,653,000
Depreciation and Amortization 137,111,000
Capital Expenditure -80,922,000
Unlevered Free Cash Flow 502,244,567
Current Assets 1,349,068,000
Current Cash 180,928,000
Current Liabilities 969,390,000
Current Debt 0
Non-Cash Working Capital (NCWC) 198,750,000
Change in NCWC 112,497,000
EBIT 477,998,000
Tax Provision 116,533,000
Depreciation and Amortization 103,697,000
Capital Expenditure -53,663,000
Unlevered Free Cash Flow 515,050,500
Current Assets 533,735,000
Current Cash 29,213,000
Current Liabilities 422,957,000
Current Debt 4,688,000
Non-Cash Working Capital (NCWC) 86,253,000
Change in NCWC -13,156,000
EBIT 149,265,000
Tax Provision 20,858,000
Depreciation and Amortization 94,187,000
Capital Expenditure -39,102,000
Unlevered Free Cash Flow 157,176,656
Current Assets 560,499,000
Current Cash 82,985,000
Current Liabilities 378,105,000
Current Debt 0
Non-Cash Working Capital (NCWC) 99,409,000
Change in NCWC -61,631,000
EBIT 176,915,000
Tax Provision 34,500,000
Depreciation and Amortization 58,520,000
Capital Expenditure -35,218,000
Unlevered Free Cash Flow 97,481,213
Current Assets 482,166,000
Current Cash 13,856,000
Current Liabilities 307,270,000
Current Debt 0
Non-Cash Working Capital (NCWC) 161,040,000
Change in NCWC -32,694,000
EBIT 202,828,000
Tax Provision 44,944,000
Depreciation and Amortization 41,237,000
Capital Expenditure -35,206,000
Unlevered Free Cash Flow 127,334,608
Current Assets 474,153,000
Current Cash 15,147,000
Current Liabilities 265,272,000
Current Debt 0
Non-Cash Working Capital (NCWC) 193,734,000
Change in NCWC 24,768,000
EBIT 212,440,000
Tax Provision 60,205,000
Depreciation and Amortization 32,279,000
Capital Expenditure -26,529,000
Unlevered Free Cash Flow 176,607,350
Current Assets 450,628,000
Current Cash 10,622,000
Current Liabilities 274,790,000
Current Debt 3,750,000
Non-Cash Working Capital (NCWC) 168,966,000
Change in NCWC 16,307,000
EBIT 191,632,000
Tax Provision 70,329,000
Depreciation and Amortization 29,620,000
Capital Expenditure -21,956,000
Unlevered Free Cash Flow 139,100,096
Current Assets 375,628,000
Current Cash 9,576,000
Current Liabilities 251,017,000
Current Debt 37,624,000
Non-Cash Working Capital (NCWC) 152,659,000
Change in NCWC 29,519,000
EBIT 128,879,000
Tax Provision 39,198,000
Depreciation and Amortization 20,953,000
Capital Expenditure -27,010,000
Unlevered Free Cash Flow 110,621,281
Current Assets 282,670,000
Current Cash 13,073,000
Current Liabilities 178,295,000
Current Debt 31,838,000
Non-Cash Working Capital (NCWC) 123,140,000
Change in NCWC 38,679,000
EBIT 67,903,000
Tax Provision 25,449,000
Depreciation and Amortization 15,993,000
Capital Expenditure -19,134,000
Unlevered Free Cash Flow 73,985,038
Current Assets 230,099,000
Current Cash 15,580,000
Current Liabilities 140,292,000
Current Debt 10,234,000
Non-Cash Working Capital (NCWC) 84,461,000
Change in NCWC -4,077,000
EBIT 65,502,000
Tax Provision 22,904,000
Depreciation and Amortization 13,545,000
Capital Expenditure -9,047,000
Unlevered Free Cash Flow 39,054,475
Current Assets 203,744,000
Current Cash 5,681,000
Current Liabilities 109,525,000
Current Debt 0
Non-Cash Working Capital (NCWC) 88,538,000
Change in NCWC -14,561,000
EBIT 53,342,000
Tax Provision 11,010,000
Depreciation and Amortization 14,151,000
Capital Expenditure -5,472,000
Unlevered Free Cash Flow 25,965,456

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