Performant Financial Financials

PFMT Stock  USD 3.14  0.03  0.96%   
Based on the analysis of Performant Financial's profitability, liquidity, and operating efficiency, Performant Financial is not in a good financial situation at this time. It has a very high probability of going through financial hardship in January. At this time, Performant Financial's Property Plant And Equipment Gross is comparatively stable compared to the past year. Total Current Assets is likely to gain to about 53.2 M in 2024, whereas Total Current Liabilities is likely to drop slightly above 11.8 M in 2024. Key indicators impacting Performant Financial's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Current Ratio1.743.2134
Way Down
Slightly volatile
The essential information of the day-to-day investment outlook for Performant Financial includes many different criteria found on its balance sheet. An individual investor should monitor Performant Financial's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Performant Financial.

Net Income

(7.14 Million)

  
Understanding current and past Performant Financial Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Performant Financial's financial statements are interrelated, with each one affecting the others. For example, an increase in Performant Financial's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Performant Financial's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Performant Financial. Check Performant Financial's Beneish M Score to see the likelihood of Performant Financial's management manipulating its earnings.

Performant Financial Stock Summary

Performant Financial competes with Network 1, Rentokil Initial, Wilhelmina, Mader Group, and First Advantage. Performant Financial Corporation provides technology-enabled audit, recovery, outsource customer, and related analytics services in the United States. Performant Financial Corporation was founded in 1976 and is headquartered in Livermore, California. Performant Financial operates under Specialty Business Services classification in the United States and is traded on NASDAQ Exchange. It employs 929 people.
Specialization
Industrials, Commercial & Professional Services
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS71377E1055
CUSIP71377E105
LocationCalifornia; U.S.A
Business Address900 South Pine
SectorCommercial Services & Supplies
IndustryIndustrials
BenchmarkDow Jones Industrial
Websiteperformantcorp.com
Phone925 960 4800
CurrencyUSD - US Dollar

Performant Financial Key Financial Ratios

Performant Financial Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets138.9M126.2M122.0M118.8M99.0M138.5M
Other Current Liab10.7M11.3M11.5M9.1M10.7M13.5M
Other Liab2.3M3.6M1.2M881K792.9K753.3K
Net Debt66.3M49.7M5.9M(1.9M)(1.7M)(1.6M)
Retained Earnings(27.0M)(41.0M)(51.2M)(57.8M)(65.3M)(62.0M)
Accounts Payable2.5M407K1.1M1.3M727K968.9K
Cash3.4M16.0M17.3M23.4M7.3M6.9M
Other Assets975K6.1M963K1M900K1.6M
Long Term Debt41.1M58.6M19.1M18.2M5M4.8M
Net Receivables28.7M27.7M32.1M30.4M28.8M25.5M
Inventory1.6M2.3M2.2M81K1.00.95
Other Current Assets3.3M10.8M5.3M3.7M2.2M2.1M
Total Liab85.2M84.2M39.6M34.3M18.3M17.4M
Total Current Assets37.0M54.5M54.7M57.5M39.8M53.2M
Short Term Debt6.1M64.6M4.2M3.4M500K475K
Intangible Assets4.9M1.2M925K689K620.1K589.1K
Net Tangible Assets(21.7M)(6.1M)35.1M37.1M42.7M44.8M
Long Term Debt Total41.1M58.6M19.1M18.2M16.4M15.5M
Capital Surpluse80.6M82.9M133.7M142.3M163.6M86.0M

Performant Financial Key Income Statement Accounts

The reason investors look at the income statement is to determine what Performant Financial's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense7.6M7.2M11.3M1.0M2.0M1.9M
Total Revenue150.4M155.9M124.4M109.2M113.7M125.1M
Gross Profit35.2M55.3M(1.3M)(6.9M)(6.1M)(5.8M)
Operating Income(127.6M)13.1M(1.3M)(6.9M)(6.1M)(5.8M)
Ebit(127.6M)(14.0M)(1.3M)(5.4M)(5.9M)(5.6M)
Ebitda(1.3M)(7.0M)5.7M304K828K786.6K
Cost Of Revenue115.2M100.7M125.7M116.1M119.9M107.0M
Income Before Tax(27.2M)(21.2M)(10.2M)(6.4M)(7.9M)(7.5M)
Net Income(26.8M)(14.0M)(10.3M)(6.5M)(7.5M)(7.1M)
Income Tax Expense(377K)(7.2M)62K132K(340K)(323K)
Research Development5.8M3.1M3M3.4M4.3M4.5M
Non Recurring1.1M3.0M7.2M27M31.1M32.6M
Tax Provision(377K)(7.2M)62K132K(285K)(299.3K)
Interest Income28K41K21K3K240K228K
Net Interest Income(7.5M)(7.2M)(11.3M)(1.0M)(1.5M)(1.5M)

Performant Financial Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory(3.2M)(5.9M)(5.8M)1.5M1.4M1.5M
Change In Cash(2.3M)13.3M1.3M3.9M(16.1M)(15.3M)
Free Cash Flow(20.3M)17.0M(2.5M)(6.5M)(283K)(268.9K)
Depreciation11.1M7.0M7.0M5.7M6.7M9.2M
Other Non Cash Items7.2M1.1M3.6M(1.4M)983K539.8K
Capital Expenditures4.9M3.8M3.4M3.6M4.1M5.5M
Net Income(26.8M)(14.0M)(10.3M)(6.5M)(7.5M)(7.1M)
End Period Cash Flow5.0M18.3M19.6M23.5M7.3M7.0M
Change Receivables(6.3M)4.0M1.7M5.0M5.8M6.1M
Net Borrowings18.4M(3.5M)(40.9M)(502K)(577.3K)(606.2K)
Change To Netincome8.3M29.3M4.3M2.0M2.3M2.1M
Investments(4.9M)(3.8M)(270K)1.7M(4.3M)(4.6M)

Performant Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Performant Financial's current stock value. Our valuation model uses many indicators to compare Performant Financial value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Performant Financial competition to find correlations between indicators driving Performant Financial's intrinsic value. More Info.
Performant Financial is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . At this time, Performant Financial's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Performant Financial by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Performant Financial Systematic Risk

Performant Financial's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Performant Financial volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Performant Financial correlated with the market. If Beta is less than 0 Performant Financial generally moves in the opposite direction as compared to the market. If Performant Financial Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Performant Financial is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Performant Financial is generally in the same direction as the market. If Beta > 1 Performant Financial moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Performant Financial Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Performant Financial's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Performant Financial growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(2.97)

At this time, Performant Financial's Price Earnings To Growth Ratio is comparatively stable compared to the past year.

Performant Financial December 1, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Performant Financial help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Performant Financial. We use our internally-developed statistical techniques to arrive at the intrinsic value of Performant Financial based on widely used predictive technical indicators. In general, we focus on analyzing Performant Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Performant Financial's daily price indicators and compare them against related drivers.

Additional Tools for Performant Stock Analysis

When running Performant Financial's price analysis, check to measure Performant Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Performant Financial is operating at the current time. Most of Performant Financial's value examination focuses on studying past and present price action to predict the probability of Performant Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Performant Financial's price. Additionally, you may evaluate how the addition of Performant Financial to your portfolios can decrease your overall portfolio volatility.