Heartflow, Inc. (NASDAQ: HTFL)

Sector: Healthcare Industry: Health Information Services CIK: 0001464521
Market Cap 171.99 Mn
P/B 0.68
P/E -1.78
P/S 1.37
ROIC (Qtr) 0.00
Div Yield % 0.00
Rev 1y % (Qtr) 40.51
Total Debt (Qtr) 21.79 Mn
Debt/Equity (Qtr) 0.09

About

Price action

Investment thesis

Bull case

  • Healthy cash reserves of 291.17M provide 52.72x coverage of short-term debt 5.52M, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 364.40M provides 16.72x coverage of total debt 21.79M, indicating robust asset backing and low credit risk.
  • Tangible assets of 364.40M provide robust 12x coverage of other current liabilities 30.37M, indicating strong asset backing.
  • Cash reserves of 291.17M provide robust 7.69x coverage of current liabilities 37.85M, indicating strong short-term solvency.
  • Strong cash position of 291.17M provides 9.59x coverage of other current liabilities 30.37M, indicating excellent liquidity.

Bear case

  • Tangible assets of 364.40M provide limited backing for working capital of 289.94M, which is 1.26x, suggesting increased operational risk in market downturns.
  • Other current liabilities of 30.37M represent a high 1.09x of receivables 27.86M, suggesting potential short-term liquidity pressure.

Peer comparison

Companies in the Health Information Services
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 TEM Tempus AI, Inc. 45.63 Bn -223.83 41.29 1.34 Bn
2 GEHC GE HealthCare Technologies Inc. 38.75 Bn 19.85 2.19 10.28 Bn
3 VEEV Veeva Systems Inc 37.30 Bn 43.36 12.11 0.09 Bn
4 DOCS Doximity, Inc. 7.81 Bn 30.87 12.57 0.01 Bn
5 BTSG BrightSpring Health Services, Inc. 7.70 Bn 59.42 0.62 2.70 Bn
6 HQY Healthequity, Inc. 7.32 Bn 38.14 5.67 1.03 Bn
7 WAY Waystar Holding Corp. 5.00 Bn 44.97 4.81 1.25 Bn
8 PRVA Privia Health Group, Inc. 2.79 Bn 153.67 1.37 0.01 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.00 2.77
EV to Cash from Ops. EV to Cash from Ops. 0.00 -10.86
EV to Debt EV to Debt 0.00 161.93
EV to EBIT EV to EBIT 0.00 -106.48
EV to EBITDA EV to EBITDA 0.00 4.22
EV to Free Cash Flow [EV/FCF] EV to Free Cash Flow [EV/FCF] 0.00 7.46
EV to Market Cap EV to Market Cap 0.00 -14.93
EV to Revenue EV to Revenue 0.00 1.76
Price to Book Value [P/B] P/B 0.68 10.57
Price to Earnings [P/E] P/E -1.78 147.14
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 -8.65
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 5.00
Dividend per Basic Share Div per Share (Qtr) 0.00 0.04
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 4.57
Interest Coverage Int. cover (Qtr) 0.00 -584.72
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 0.00 -24.09
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 0.00 172.48
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 -1.05
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 0.00 -17.73
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 0.00 39.85
EBIT Growth (1y) % EBIT 1y % (Qtr) 0.00 -38.83
EBT Growth (1y) % EBT 1y % (Qtr) 0.00 -4.52
EPS Growth (1y) % EPS 1y % (Qtr) 0.00 2.60
FCF Growth (1y) % FCF 1y % (Qtr) 0.00 -48.57
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 0.00 5.49
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.00 0.66
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.03
Cash Ratio Cash Ratio (Qtr) 7.69 1.87
Current Ratio Curr Ratio (Qtr) 8.66 3.27
Debt to Equity Ratio Debt/Equity (Qtr) 0.09 -0.43
Interest Cover Ratio Int Coverage (Qtr) 0.00 -584.72
Times Interest Earned Times Interest Earned (Qtr) 0.00 -584.72
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) 0.00 -435.80
EBIT Margin % EBIT Margin % (Qtr) 0.00 -464.70
EBT Margin % EBT Margin % (Qtr) 0.00 -461.74
Gross Margin % Gross Margin % (Qtr) 0.00 44.03
Net Profit Margin % Net Margin % (Qtr) 0.00 -468.01