Financials Molina Healthcare, Inc.

Equities

MOH

US60855R1005

Managed Healthcare

Market Closed - Nyse Other stock markets 21:00:02 05/12/2025 GMT			5-day change	1st Jan Change
151.86 ^USD	+0.86%		+2.43%	-47.82%

11-24	US health insurers buoyed by prospect of extended Obamacare subsidies
11-24	Health insurers rise on report Trump considering ACA subsidy extension	RE

Projected Income Statement: Molina Healthcare, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	19,423	27,771	31,974	34,072	40,650	44,864	47,063	50,241
Change	-	42.98%	15.13%	6.56%	19.31%	10.37%	4.9%	6.75%
EBITDA ¹	1,330	1,244	1,606	1,751	1,975	1,254	1,230	1,388
Change	-	-6.45%	29.1%	9.03%	12.79%	-36.53%	-1.88%	12.88%
EBIT ¹	1,242	1,113	1,430	1,648	1,789	1,085	1,129	1,296
Change	-	-10.37%	28.48%	15.24%	8.56%	-39.37%	4.09%	14.8%
Interest Paid ¹	-102	-120	-110	-109	-118	-188.8	-194.3	-186.2
Earnings before Tax (EBT) ¹	961	875	1,063	1,464	1,589	846	838.6	987.5
Change	-	-8.95%	21.49%	37.72%	8.54%	-46.76%	-0.88%	17.76%
Net income ¹	673	659	792	1,091	1,179	632.9	600.6	691.3
Change	-	-2.08%	20.18%	37.75%	8.07%	-46.32%	-5.11%	15.1%
Announcement Date	10/02/21	09/02/22	08/02/23	07/02/24	05/02/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	5,235	6,522	6,800	7,040	7,409	7,770	8,054	7,927	8,223	8,149	8,327	8,548	9,048	9,931	9,880	10,340	10,499	11,147	11,427	11,477	10,916	11,624	11,812	11,935	11,800	12,753	12,973	13,089
Change	-	24.58%	4.26%	3.53%	5.24%	4.87%	3.66%	-1.58%	3.73%	-0.9%	2.18%	2.65%	5.85%	9.76%	-0.51%	4.66%	1.54%	6.17%	2.51%	0.44%	-4.89%	6.49%	1.61%	1.04%	-1.13%	8.08%	1.72%	0.9%
EBITDA ¹	389.6	398	310	270	275	434	408	392	371	499	487	444	362	494	512	521	448	506	450	185	101.9	364.4	343.7	282.4	222.7	435.4	377.8	290.5
Change	-	2.16%	-22.11%	-12.9%	1.85%	57.82%	-5.99%	-3.92%	-5.36%	34.5%	-2.4%	-8.83%	-18.47%	36.46%	3.64%	1.76%	-14.01%	12.95%	-11.07%	-58.89%	-44.92%	257.61%	-5.67%	-17.85%	-21.12%	95.5%	-13.23%	-23.11%
EBIT ¹	365.6	365	279	238	240	394	367	347	324	455	445	402	346	449	466	474	400	458	392	140	65.35	342.9	312	245.7	166.4	401.5	344.2	256.9
Change	-	-0.16%	-23.56%	-14.7%	0.84%	64.17%	-6.85%	-5.45%	-6.63%	40.43%	-2.2%	-9.66%	-13.93%	29.77%	3.79%	1.72%	-15.61%	14.5%	-14.41%	-64.29%	-53.32%	424.68%	-9.02%	-21.24%	-32.28%	141.32%	-14.27%	-25.36%
Charge d'intérêts ¹	-30	-30	-30	-30	-30	-28	-27	-28	-27	-28	-27	-27	-27	-27	-28	-29	-34	-43	-48	-49	-48.83	-53.53	-52.91	-59.54	-57.54	-39	-40	-41
Earnings before Tax (EBT) ¹	51	305	243	191	136	344	334	307	78	427	416	332	289	399	406	438	346	390	325	88	10.39	259.1	247	194.6	125.9	260	282	274
Change	-	498.04%	-20.33%	-21.4%	-28.8%	152.94%	-2.91%	-8.08%	-74.59%	447.44%	-2.58%	-20.19%	-12.95%	38.06%	1.75%	7.88%	-21%	12.72%	-16.67%	-72.92%	-88.19%	2,393.79%	-4.69%	-21.19%	-35.29%	106.44%	8.46%	-2.84%
Net income ¹	34	228	185	143	103	258	248	230	56	321	309	245	216	301	301	326	251	298	255	79	-4.023	203.3	176	127.8	87.23	257.2	208.8	144.9
Change	-	570.59%	-18.86%	-22.7%	-27.97%	150.49%	-3.88%	-7.26%	-75.65%	473.21%	-3.74%	-20.71%	-11.84%	39.35%	0%	8.31%	-23.01%	18.73%	-14.43%	-69.02%	-105.09%	5,153.28%	-13.41%	-27.41%	-31.74%	194.82%	-18.8%	-30.62%
Announcement Date	10/02/21	28/04/21	28/07/21	27/10/21	09/02/22	27/04/22	27/07/22	26/10/22	08/02/23	26/04/23	26/07/23	25/10/23	07/02/24	24/04/24	24/07/24	23/10/24	05/02/25	23/04/25	23/07/25	22/10/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Molina Healthcare, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-3,902	-5,467	-5,329	-6,927	-1,544	-601	-1,022	-1,228
Change	-	-40.11%	2.52%	-29.99%	77.71%	61.08%	-70.05%	-20.16%
Announcement Date	10/02/21	09/02/22	08/02/23	07/02/24	05/02/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Molina Healthcare, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	74	77	91	84	100	129.2	139.3	159.5
Change	-	4.05%	18.18%	-7.69%	19.05%	29.2%	7.79%	14.53%
Free Cash Flow (FCF) ¹	1,816	2,042	682	1,578	544	-120	847	1,127
Change	-	12.44%	-66.6%	131.38%	-65.53%	-122.06%	805.83%	33.06%
Announcement Date	10/02/21	09/02/22	08/02/23	07/02/24	05/02/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Molina Healthcare, Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	6.85%	4.48%	5.02%	5.14%	4.86%	2.79%	2.61%	2.76%
EBIT Margin (%)	6.39%	4.01%	4.47%	4.84%	4.4%	2.42%	2.4%	2.58%
EBT Margin (%)	4.95%	3.15%	3.32%	4.3%	3.91%	1.89%	1.78%	1.97%
Net margin (%)	3.46%	2.37%	2.48%	3.2%	2.9%	1.41%	1.28%	1.38%
FCF margin (%)	9.35%	7.35%	2.13%	4.63%	1.34%	-0.27%	1.8%	2.24%
FCF / Net Income (%)	269.84%	309.86%	86.11%	144.64%	46.14%	-18.96%	141.03%	163.03%
Profitability
ROA	8.25%	6.06%	8.55%	8.02%	7.73%	4.43%	4.16%	5.48%
ROE	33.19%	27.89%	37.47%	30.39%	30.03%	16.79%	15.51%	16.09%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	0.38%	0.28%	0.28%	0.25%	0.25%	0.29%	0.3%	0.32%
CAPEX / EBITDA (%)	5.57%	6.19%	5.67%	4.8%	5.06%	10.31%	11.32%	11.49%
CAPEX / FCF (%)	4.07%	3.77%	13.34%	5.32%	18.38%	-107.67%	16.44%	14.15%
Items per share
Cash flow per share ¹	-	36.16	13.21	28.61	11.16	3.902	20.5	-
Change	-	-	-63.46%	116.49%	-60.98%	-65.04%	425.53%	-
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	35.53	45.34	51.1	72.67	80.29	80.43	101	132.8
Change	-	27.64%	12.7%	42.21%	10.48%	0.18%	25.53%	31.52%
EPS ¹	11.23	11.25	13.55	18.77	20.42	11.88	11.95	14.61
Change	-	0.18%	20.44%	38.52%	8.79%	-41.83%	0.57%	22.3%
Nbr of stocks (in thousands)	59,300	58,400	58,400	58,300	57,200	51,400	51,400	51,400
Announcement Date	10/02/21	09/02/22	08/02/23	07/02/24	05/02/25	-	-	-