Financials Molina Healthcare, Inc.

Equities

MOH

US60855R1005

Managed Healthcare

Market Closed - Nyse Other stock markets 21:00:02 11/12/2024 GMT			5-day change	1st Jan Change
300.31 ^USD	+0.70%		-3.22%	-16.88%

12-10	Jefferies Adjusts Price Target on Molina Healthcare to $312 From $348, Maintains Hold Rating	MT
11-18	Molina Healthcare Closes $750 Million Offering of 6.25% Notes Due 2033	MT

Projected Income Statement: Molina Healthcare, Inc.

income-statement-evolution-chart MOLINA-HEALTHCARE-INC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	16,829	19,423	27,771	31,974	34,072	40,390	43,398	47,110
Change	-	15.41%	42.98%	15.13%	6.56%	18.54%	7.45%	8.55%
EBITDA ¹	1,148	1,330	1,244	1,606	1,751	2,054	2,256	2,516
Change	-	15.83%	-6.45%	29.1%	9.03%	17.32%	9.82%	11.52%
EBIT ¹	1,044	1,242	1,113	1,430	1,648	1,874	2,072	2,333
Change	-	18.94%	-10.37%	28.48%	15.24%	13.68%	10.59%	12.62%
Interest Paid ¹	-87	-102	-120	-110	-109	-114.1	-115	-114.9
Earnings before Tax (EBT) ¹	972	961	875	1,063	1,464	1,702	1,923	2,212
Change	-	-1.13%	-8.95%	21.49%	37.72%	16.29%	12.93%	15.05%
Net income ¹	737	673	659	792	1,091	1,257	1,412	1,623
Change	-	-8.68%	-2.08%	20.18%	37.75%	15.21%	12.36%	14.89%
Announcement Date	10/02/20	10/02/21	09/02/22	08/02/23	07/02/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2019 Q4	2020 Q1	2020 Q2	2020 Q3	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
Net sales ¹	4,274	4,549	4,618	5,021	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	10,319	10,523	10,676	11,047	11,321	11,580	11,655	12,011
Change	-	6.43%	1.52%	8.73%	4.26%	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%	-0.2%	1.98%	1.45%	3.48%	2.48%	2.29%	0.64%	3.06%
EBITDA ¹	263	294	445	329	389.6	398	310	270	275	434	408	392	371	499	487	444	362	494	498	521	517.6	576.2	595.8	561.3	522.1	653.9	678.8	618.4
Change	-	11.79%	51.36%	-26.07%	18.41%	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%	0.81%	4.62%	-0.66%	11.33%	3.4%	-5.79%	-6.98%	25.24%	3.82%	-8.9%
EBIT ¹	242	274	424	306	365.6	365	279	238	240	394	367	347	324	455	445	402	346	449	452	474	478.7	534.3	554.8	516.6	489.2	615.2	639.6	578.3
Change	-	13.22%	54.74%	-27.83%	19.47%	-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%	0.67%	4.87%	1%	11.6%	3.85%	-6.88%	-5.31%	25.76%	3.97%	-9.59%
Charge d'intérêts ¹	-20	-21	-24	-27	-30	-30	-30	-30	-30	-28	-27	-28	-27	-28	-27	-27	-27	-27	-28	-29	-29.94	-28.6	-28.32	-28.58	-28.58	-29.2	-29.53	-29.53
Earnings before Tax (EBT) ¹	222	253	395	262	51	305	243	191	136	344	334	307	78	427	416	332	289	399	406	438	437.4	488.5	503	488.1	455.8	563.3	581	561.1
Change	-	13.96%	56.13%	-33.67%	-80.53%	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%	-0.14%	11.68%	2.98%	-2.97%	-6.62%	23.59%	3.14%	-3.43%
Net income ¹	168	178	276	185	34	228	185	143	103	258	248	230	56	321	309	245	216	301	301	326	315.2	358.8	364.7	355.2	328.2	417.8	426.7	409.8
Change	-	5.95%	55.06%	-32.97%	-81.62%	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%	-3.31%	13.82%	1.66%	-2.61%	-7.61%	27.33%	2.12%	-3.97%
Announcement Date	10/02/20	30/04/20	30/07/20	28/10/20	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	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Molina Healthcare, Inc.

balance-sheet-analysis-chart MOLINA-HEALTHCARE-INC

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-3,143	-3,902	-5,467	-5,329	-6,927	-3,014	-4,702	-6,471
Change	-	-224.15%	-240.11%	-197.48%	-229.99%	-143.51%	-256.01%	-237.62%
Announcement Date	10/02/20	10/02/21	09/02/22	08/02/23	07/02/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Molina Healthcare, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	57	74	77	91	84	109.1	120.4	125.6
Change	-	29.82%	4.05%	18.18%	-7.69%	29.94%	10.27%	4.33%
Free Cash Flow (FCF) ¹	370	1,816	2,042	682	1,578	1,265	1,877	1,666
Change	-	390.81%	12.44%	-66.6%	131.38%	-19.83%	48.4%	-11.26%
Announcement Date	10/02/20	10/02/21	09/02/22	08/02/23	07/02/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Molina Healthcare, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	6.82%	6.85%	4.48%	5.02%	5.14%	5.09%	5.2%	5.34%
EBIT Margin (%)	6.2%	6.39%	4.01%	4.47%	4.84%	4.64%	4.77%	4.95%
EBT Margin (%)	5.78%	4.95%	3.15%	3.32%	4.3%	4.21%	4.43%	4.7%
Net margin (%)	4.38%	3.46%	2.37%	2.48%	3.2%	3.11%	3.25%	3.44%
FCF margin (%)	2.2%	9.35%	7.35%	2.13%	4.63%	3.13%	4.33%	3.54%
FCF / Net Income (%)	50.2%	269.84%	309.86%	86.11%	144.64%	100.65%	132.93%	102.68%
Profitability
ROA	10.57%	8.25%	6.06%	8.55%	8.02%	8.21%	8.1%	8.29%
ROE	40.86%	33.19%	27.89%	37.47%	30.39%	28.58%	25.28%	23%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	0.34%	0.38%	0.28%	0.28%	0.25%	0.27%	0.28%	0.27%
CAPEX / EBITDA (%)	4.97%	5.57%	6.19%	5.67%	4.8%	5.31%	5.33%	4.99%
CAPEX / FCF (%)	15.41%	4.07%	3.77%	13.34%	5.32%	8.63%	6.41%	7.54%
Items per share
Cash flow per share ¹	6.651	-	36.16	13.21	28.61	35.19	39.48	41.9
Change	-	-	-	-63.46%	116.49%	23.01%	12.21%	6.13%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	31.61	35.53	45.34	51.1	72.67	88.43	114.3	141.9
Change	-	12.38%	27.64%	12.7%	42.21%	21.68%	29.32%	24.07%
EPS ¹	11.47	11.23	11.25	13.55	18.77	21.73	24.71	28.26
Change	-	-2.09%	0.18%	20.44%	38.52%	15.78%	13.69%	14.37%
Nbr of stocks (in thousands)	62,700	59,300	58,400	58,400	58,300	57,200	57,200	57,200
Announcement Date	10/02/20	10/02/21	09/02/22	08/02/23	07/02/24	-	-	-