PACS - PACS Group, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$48.50
DETAILS
HIGH:
$52.00
LOW:
$42.00
MEDIAN:
$50.00
CONSENSUS:
$48.50
UPSIDE:
28.48%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | |||||
| Revenue | 5,288.9 | 4,089.7 | 3,111.5 | 2,422.0 | 1,166.6 |
| Cost of Revenue | 4,129.7 | 3,297.1 | 2,664.4 | 2,021.3 | 979.2 |
| Gross Profit | 1,159.2 | 792.6 | 447.1 | 400.7 | 187.3 |
| Operating Expenses | |||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 415.1 | 343.8 | 213.7 | 149.0 | 96.8 |
| Other Expenses | 434.6 | 325.8 | 25.6 | 22.3 | 7.2 |
| Operating Expenses | 849.6 | 669.6 | 239.3 | 171.3 | 104.0 |
| Operating Income | |||||
| Operating Income | 309.6 | 123.1 | 207.8 | 229.4 | 83.4 |
| Interest Expense | 28.4 | 44.3 | 49.9 | 25.5 | 5.3 |
| Interest Income | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||
| EBITDA | 365.6 | 186.7 | 232.9 | 254.9 | 93.9 |
| EBIT | 309.9 | 145.9 | 207.2 | 232.6 | 86.7 |
| Income Before Tax | 284.4 | 101.6 | 157.3 | 207.0 | 81.4 |
| Income Tax Expense | 93.0 | 46.2 | 44.4 | 56.5 | 33.5 |
| Net Income | 191.5 | 55.8 | 112.9 | 150.5 | 47.9 |
| Per Share Data | |||||
| EPS (Basic) | 1.23 | 0.38 | 0.75 | 1.00 | 0.32 |
| EPS (Diluted) | 1.22 | 0.38 | 0.75 | 1.00 | 0.32 |
| Shares Outstanding | 156.2 | 146.7 | 150.2 | 150.2 | 150.2 |
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Current Assets | ||||
| Cash & Cash Equivalents | 197.0 | 157.7 | 73.4 | 66.1 |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Net Receivables | 702.1 | 716.5 | 600.1 | 420.1 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Current Assets | 170.6 | 64.1 | 48.7 | 24.9 |
| Total Current Assets | 1,069.7 | 938.3 | 722.1 | 511.2 |
| Non-Current Assets | ||||
| Property, Plant & Equipment | 4,169.3 | 3,985.1 | 2,585.3 | 1,775.6 |
| Goodwill | 68.1 | 60.8 | 59.0 | 55.2 |
| Intangible Assets | 0 | 6.3 | 6.3 | 6.3 |
| Long-Term Investments | 87.2 | 91.4 | 56.0 | 48.3 |
| Other Non-Current Assets | 189.8 | 161.1 | 84.0 | 65.3 |
| Total Non-Current Assets | 4,514.3 | 4,304.6 | 2,790.6 | 1,950.7 |
| Total Assets | 5,584.0 | 5,242.9 | 3,512.7 | 2,461.9 |
| Current Liabilities | ||||
| Account Payables | 192.2 | 175.1 | 140.9 | 110.6 |
| Short-Term Debt | 157.5 | 156.9 | 16.8 | 61.4 |
| Deferred Revenue | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 651.7 | 489.1 | 0 | 113.5 |
| Total Current Liabilities | 1,001.4 | 978.4 | 456.9 | 483.9 |
| Non-Current Liabilities | ||||
| Long-Term Debt | 3,039.9 | 251.0 | 715.7 | 438.3 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 590.3 | 236.6 | 235.6 | 166.3 |
| Total Non-Current Liabilities | 3,630.2 | 3,548.8 | 2,954.1 | 1,909.4 |
| Total Liabilities | 4,631.6 | 4,527.2 | 3,411.0 | 2,393.2 |
| Stockholders' Equity | ||||
| Common Stock | 0.2 | 0.2 | 0.0 | 0.0 |
| Retained Earnings | 309.6 | 118.0 | 96.1 | 63.6 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 946.8 | 709.6 | 96.1 | 63.6 |
| Total Liabilities & Equity | 5,584.0 | 5,242.9 | 3,512.7 | 2,461.9 |
| Debt Metrics | ||||
| Total Debt | 3,197.4 | 3,626.5 | 2,845.7 | 1,925.5 |
| Net Debt | 3,000.4 | 3,468.8 | 2,772.3 | 1,859.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 0 | 55.8 | 112.9 | 150.5 | 47.9 |
| Depreciation & Amortization | 0 | 40.8 | 25.6 | 22.3 | 7.2 |
| Stock-Based Compensation | 0 | 115.5 | 0 | 0 | 0 |
| Change in Working Capital | 72.7 | 158.2 | (94.7) | (94.3) | (4.4) |
| Other Non-Cash Items | 331.5 | 41.5 | 29.8 | 16.0 | (1.0) |
| Operating Cash Flow | 404.2 | 367.3 | 63.7 | 92.6 | 57.6 |
| Investing Activities | |||||
| Capital Expenditure | (105.4) | (66.5) | (45.8) | (78.2) | (124.1) |
| Acquisitions | 0 | (281.3) | (127.0) | 0 | (79.7) |
| Purchases of Investments | 0 | (90.9) | (2.6) | 0 | (15.7) |
| Sales/Maturities of Investments | 0 | 0 | 1.9 | 0 | 0.9 |
| Other Investing Activities | (264.0) | (4.0) | 0.8 | 2.9 | 0 |
| Investing Cash Flow | (264.0) | (442.7) | (172.8) | (75.3) | (218.6) |
| Financing Activities | |||||
| Net Debt Issuance | (60.2) | (325.1) | 209.4 | 69.4 | 235.8 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | (33.7) | (80.4) | (60.3) | (53.8) |
| Other Financing Activities | (8.8) | (33.1) | 0.6 | 3.2 | 0 |
| Financing Cash Flow | (69.0) | 117.5 | 129.6 | 12.3 | 182.0 |
| Cash Position | |||||
| Net Change in Cash | 71.2 | 42.1 | 20.5 | 29.6 | 21.1 |
| Cash at Beginning | 160.8 | 118.7 | 98.2 | 68.6 | 47.5 |
| Cash at End | 232.1 | 160.8 | 118.7 | 98.2 | 68.6 |
| Free Cash Flow | 298.8 | 300.9 | 17.9 | 14.4 | (66.5) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 5,288.9 | 4,089.7 | 3,111.5 | 2,422.0 | 1,166.6 |
| Gross Profit | 1,159.2 | 792.6 | 447.1 | 400.7 | 187.3 |
| Operating Income | 309.6 | 123.1 | 207.8 | 229.4 | 83.4 |
| Net Income | 191.5 | 55.8 | 112.9 | 150.5 | 47.9 |
| EPS (Diluted) | 1.22 | 0.38 | 0.75 | 1.00 | 0.32 |
| Balance Sheet | |||||
| Cash & Equivalents | 197.0 | 157.7 | 73.4 | 66.1 | |
| Total Assets | 5,584.0 | 5,242.9 | 3,512.7 | 2,461.9 | |
| Total Debt | 3,197.4 | 3,626.5 | 2,845.7 | 1,925.5 | |
| Stockholders' Equity | 946.8 | 709.6 | 96.1 | 63.6 | |
| Cash Flow | |||||
| Operating Cash Flow | 404.2 | 367.3 | 63.7 | 92.6 | 57.6 |
| Capital Expenditure | (105.4) | (66.5) | (45.8) | (78.2) | (124.1) |
| Free Cash Flow | 298.8 | 300.9 | 17.9 | 14.4 | (66.5) |