Financials BrightSpring Health Services, Inc.

Equities

BTSG

US10950A1060

Healthcare Facilities & Services

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-16 pm EDT			5-day change	1st Jan Change
11.4 ^USD	-1.98%		-0.96%	0.00%

May. 06	Wells Fargo Adjusts Price Target on BrightSpring Health Services to $16 From $15, Maintains Overweight Rating	MT
May. 03	Deutsche Bank Adjusts BrightSpring Health Services Price Target to $13 From $11.50, Maintains Buy Rating	MT

Valuation

Fiscal Period: December	2024	2025	2026
Capitalization ¹	1,953	-	-
Enterprise Value (EV) ¹	4,277	4,149	3,920
P/E ratio	14.3 x	11.2 x	9.3 x
Yield	-	-	-
Capitalization / Revenue	0.18 x	0.17 x	0.16 x
EV / Revenue	0.4 x	0.37 x	0.32 x
EV / EBITDA	7.58 x	6.75 x	5.88 x
EV / FCF	21.6 x	17.8 x	-
FCF Yield	4.63%	5.63%	-
Price to Book	1.25 x	1.11 x	0.97 x
Nbr of stocks (in thousands)	171,320	-	-
Reference price ²	11.40	11.40	11.40
Announcement Date	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2022	2023	2024	2025	2026
Net sales ¹	-	8,826	10,609	11,308	12,301
EBITDA ¹	-	537.8	564.4	614.8	666.8
EBIT ¹	-	335.5	355.5	377	426.1
Operating Margin	-	3.8%	3.35%	3.33%	3.46%
Earnings before Tax (EBT) ¹	-	-177.4	146.6	194.5	248.6
Net income ¹	-53.91	-154.6	147.9	217	279.2
Net margin	-	-1.75%	1.39%	1.92%	2.27%
EPS ²	-7.180	-1.310	0.7996	1.014	1.226
Free Cash Flow ¹	-	137.3	197.9	233.6	-
FCF margin	-	1.56%	1.87%	2.07%	-
FCF Conversion (EBITDA)	-	25.52%	35.07%	38%	-
FCF Conversion (Net income)	-	-	133.83%	107.69%	-
Dividend per Share ²	-	-	-	-	-
Announcement Date	8/28/23	2/29/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	2,375	2,577	2,616	2,656	2,759	2,786	2,834
EBITDA ¹	142.6	130.5	144.5	139.3	149.6	143	157.2
EBIT ¹	91.59	81.58	94.05	84.3	90.66	87.72	89.57
Operating Margin	3.86%	3.17%	3.6%	3.17%	3.29%	3.15%	3.16%
Earnings before Tax (EBT)	-14.79	-	-	-	-	-	-
Net income ¹	-6.537	-45.75	45.69	44.57	53.46	63.42	68.27
Net margin	-0.28%	-1.78%	1.75%	1.68%	1.94%	2.28%	2.41%
EPS ²	-0.0600	-0.2600	0.2165	0.2156	0.2596	0.3054	0.3282
Dividend per Share ²	-	-	-	-	-	-	-
Announcement Date	2/29/24	5/2/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2022	2023	2024	2025	2026
Net Debt ¹	-	3,385	2,324	2,196	1,966
Net Cash position ¹	-	-	-	-	-
Leverage (Debt/EBITDA)	-	6.294 x	4.118 x	3.571 x	2.949 x
Free Cash Flow ¹	-	137	198	234	-
ROE (net income / shareholders' equity)	-	1.77%	9.75%	9.01%	9.71%
ROA (Net income/ Total Assets)	-	0.22%	5.72%	6.4%	6.57%
Assets ¹	-	-71,609	2,583	3,392	4,249
Book Value Per Share ²	-	4.960	9.090	10.20	11.70
Cash Flow per Share ²	-	1.790	0.4000	1.740	2.210
Capex ¹	-	73.5	78	91.8	94.5
Capex / Sales	-	0.83%	0.73%	0.81%	0.77%
Announcement Date	8/28/23	2/29/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for BrightSpring Health Services, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

11.4 USD

Average target price

16.23 USD

Spread / Average Target

+42.34%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Home Healthcare Services

	1st Jan change	Capi.
BRIGHTSPRING HEALTH SERVICES, INC.	0.00%	1.95B
AMEDISYS, INC.	-0.12%	3.1B
ADDUS HOMECARE CORPORATION	+18.78%	1.78B
THE PENNANT GROUP, INC.	+60.99%	673M
ENHABIT, INC.	-19.32%	419M
BASTIDE LE CONFORT MÉDICAL	-20.71%	171M
SAINT-CARE HOLDING CORPORATION	-14.74%	134M
KATO (HONG KONG) HOLDINGS LIMITED	+3.85%	67.93M

Home Healthcare Services