Performant Financial Corporation (PFMT) Company Bio
Performant Financial Corporation provides technology-enabled recovery and related analytics services in the United States. Its services help identify and recover delinquent or defaulted assets and improper payments for government and private clients in various markets. The company was founded in 1976 and is based in Livermore, California.
PFMT Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for PFMT, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Performant Financial Corp ranked in the 56th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. The most interesting components of our discounted cash flow analysis for Performant Financial Corp ended up being:
Interest coverage, a measure of earnings relative to interest payments, is -2.45 -- which is good for besting only 12.07% of its peer stocks (US stocks in the Industrials sector with positive cash flow).
50% of the company's capital comes from equity, which is greater than merely 20.4% of stocks in our cash flow based forecasting set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
DXPE, RBC, SHYF, NMM, and AGCO can be thought of as valuation peers to PFMT, in the sense that they are in the Industrials sector and have a similar price forecast based on DCF valuation.
LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq:PFMT),(“the Company”), a provider of technology-enabled recovery and related analytics services, announced today that on December 23, 2020, the Company received a letter from the Listing Qualifications Department of the NASDAQ Stock Market (“NASDAQ”) indicating that, based upon the closing bid price of the Company’s common stock for the 30 consecutive business days beginning on November 6, 2020 and ending on December 2
LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq: PFMT), (the "Company"), a leading provider of technology-enabled recovery and related analytics services in the United States, today reported the following financial results for its third quarter ended September 30, 2020: Third quarter Financial Highlights Total revenues of $36.2 million, compared to revenues of $35.9 million in the prior year period Net income of approximately $2.0 million, or $0.04 per diluted share
LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq:PFMT), a provider of technology-enabled recovery and related analytics services, will report its third quarter 2020 results after the market closes on Tuesday, November 10, 2020. The company will also hold a conference call to discuss results at 5:00 pm (Eastern Time) that day. The conference call can be accessed by dialing 877-705-6003 (domestic) or 201-493-6725 (international). A replay will be available approximatel
LIVERMORE, Calif.--(BUSINESS WIRE)--Performant Financial Corporation (Nasdaq:PFMT), (“the Company”), a provider of technology-enabled recovery and related analytics services, today announced that it has contracted over four million lives for its recently launched Premium Accuracy offering, a Medicare Secondary Payer (MSP) service for Medicare Advantage Plans. Medicare Advantage (MA) is the fastest-growing segment of private Health insurance with 8% enrollment growth per year. When MA enrollees