Omada Health, Inc. (NASDAQ: OMDA)

Sector: Healthcare Industry: Health Information Services CIK: 0001611115
Market Cap 374.54 Mn
P/B 1.72
P/E -7.95
P/S 2.21
ROIC (Qtr) 0.00
Div Yield % 0.00
Rev 1y % (Qtr) 49.47
Total Debt (Qtr) 0.00
Debt/Equity (Qtr) 0.00

About

Price action

Investment thesis

Bull case

  • Tangible assets of 271.38M provide exceptional 9.99x coverage of deferred revenue 27.16M, showing strong service capability backing.
  • Tangible assets of 271.38M provide robust 4.19x coverage of other current liabilities 64.78M, indicating strong asset backing.
  • Strong cash position of 198.63M provides 3.07x coverage of other current liabilities 64.78M, indicating excellent liquidity.
  • Cash reserves of 198.63M provide robust 2.83x coverage of current liabilities 70.12M, indicating strong short-term solvency.
  • Cash position of 198.63M represents healthy 1.07x of working capital 184.78M, demonstrating strong operational liquidity.

Bear case

  • High receivables of 41.45M relative to inventory of 3.15M (13.17 ratio) suggests aggressive credit terms or collection difficulties, potentially masking revenue quality issues.
  • Operating cash flow of 0 provides insufficient coverage of deferred revenue obligations of 27.16M, which is 0x, raising concerns about future service delivery capabilities.
  • Tangible assets of 271.38M provide limited backing for working capital of 184.78M, which is 1.47x, suggesting increased operational risk in market downturns.
  • Other current liabilities of 64.78M represent a high 1.56x of receivables 41.45M, 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 1.72 10.57
Price to Earnings [P/E] P/E -7.95 147.14
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) 2.83 1.87
Current Ratio Curr Ratio (Qtr) 3.64 3.27
Debt to Equity Ratio Debt/Equity (Qtr) 0.00 -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