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- Market Cap.:
- $3.24 billion
- Book Value:
- Revenue TTM:
- $704.48 million
- Operating Margin TTM:
- Gross Profit TTM:
- $152.11 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
CorVel Corp had its IPO on 1991-06-28 under the ticker symbol CRVL.
The company operates in the Financial Services sector and Insurance Brokers industry. CorVel Corp has a staff strength of 4,233 employees.
Shares of CorVel Corp opened at $188.63 at the start of the last trading session i.e. 2023-03-30.
The stocks traded within a range of $188.52 - $190.35, and closed at $189.04.
This is a +0.11% increase from the previous day's closing price.
A total volume of 37,898 shares were traded at the close of the day’s session.
In the last one week, shares of CorVel Corp have increased by +1.72%.
CorVel Corp's Key Ratios
CorVel Corp has a market cap of $3.24 billion, indicating a price to book ratio of 12.8342 and a price to sales ratio of 3.5104.
In the last 12-months CorVel Corp’s revenue was $704.48 million with a gross profit of $152.11 million and an EBITDA of $113.10 million. The EBITDA ratio measures CorVel Corp's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, CorVel Corp’s operating margin was 12.52% while its return on assets stood at 13.26% with a return of equity of 33.11%.
In Q4, CorVel Corp’s quarterly earnings growth was a positive 26.3% while revenue growth was a positive 9%.
CorVel Corp’s PE and PEG Ratio
- Forward PE
- Trailing PE
Its diluted EPS in the last 12-months stands at $3.82 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into CorVel Corp’s profitability.
CorVel Corp stock is trading at a EV to sales ratio of 3.6258 and a EV to EBITDA ratio of 22.6977. Its price to sales ratio in the trailing 12-months stood at 3.5104.
CorVel Corp stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $407.69 million
- Total Liabilities
- $186.43 million
- Operating Cash Flow
- Capital Expenditure
- $5.77 million
- Dividend Payout Ratio
CorVel Corp ended 2023 with $407.69 million in total assets and $0 in total liabilities. Its intangible assets were valued at $407.69 million while shareholder equity stood at $194.81 million.
CorVel Corp ended 2023 with $683000.00 in deferred long-term liabilities, $186.43 million in other current liabilities, 3000.00 in common stock, $713.50 million in retained earnings and $36.81 million in goodwill. Its cash balance stood at $78.03 million and cash and short-term investments were $78.03 million. The company’s total short-term debt was $10,687,000 while long-term debt stood at $0.
CorVel Corp’s total current assets stands at $256.74 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $82.79 million compared to accounts payable of $14.70 million and inventory worth $0.
In 2023, CorVel Corp's operating cash flow was $-5768000.00 while its capital expenditure stood at $5.77 million.
Comparatively, CorVel Corp paid $0 in dividends in 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
CorVel Corp stock is currently trading at $189.04 per share. It touched a 52-week high of $192.13 and a 52-week low of $192.13. Analysts tracking the stock have a 12-month average target price of $.
Its 50-day moving average was $180.44 and 200-day moving average was $158.7 The short ratio stood at 3.22 indicating a short percent outstanding of 0%.
Around 4751.5% of the company’s stock are held by insiders while 5154.8% are held by institutions.
Frequently Asked Questions About CorVel Corp
Similar Industry Stocks (Insurance Brokers)
CorVel Corporation provides workers’ compensation, auto, liability, and health solutions for employers, third party administrators, insurance companies, and government agencies to assist them in managing the medical costs and monitoring the quality of care associated with healthcare claims. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. The company offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement services, retrospective utilization review, facility claim review, professional review, pharmacy services, directed care services, Medicare solutions, clearinghouse services, independent medical examinations, and inpatient medical bill review. It also provides a range of patient management services, such as claims management, case management, 24/7 nurse triage, utilization management, vocational rehabilitation, and life care planning, as well as processing of claims for self-insured payors with respect to property and casualty insurance. The company was incorporated in 1987 and is headquartered in Fort Worth, Texas.