Acadia Healthcare Company, Inc. (ACHC) vs National HealthCare Corporation (NHC)

Acadia Healthcare Company, Inc. and National HealthCare Corporation are both Medical Care Facilities companies. National HealthCare Corporation is the larger, with a market value of $3.5B against $2.6B — 1.3× the size. Acadia Healthcare Company, Inc. has negative trailing earnings, so its P/E is not meaningful; National HealthCare Corporation trades at 25.2×. National HealthCare Corporation grew revenue faster over the last twelve months: 6.92% against 4.27%. National HealthCare Corporation has the higher net margin (9.00% vs −33.4%) and the higher return on invested capital (10.5% vs 5.01%). Across the 19 metrics below, National HealthCare Corporation leads on 13 and Acadia Healthcare Company, Inc. on 6.

Valuation

Metric ACHC NHC Medical Care Facilities median
P/E n/m 25.21 19.16
P/S 0.76 2.28 0.90
P/B 1.29 3.15 2.91
Price to free cash flow n/m 24.23 12.62
EV/EBITDA 8.88 17.64 10.06
EV/Sales 1.42 2.15 1.35
Earnings yield (44.32%) 3.97% 2.30%
Free cash flow yield (3.93%) 4.13% 4.14%

Profitability

Metric ACHC NHC Medical Care Facilities median
Gross margin 100.00% 100.00% 30.78%
Operating margin 10.06% 9.28% 5.74%
Net margin (33.44%) 9.00% 2.32%
Free cash flow margin (2.98%) 9.40% 5.46%
Return on equity (44.54%) 13.03% 8.76%
Return on assets (19.00%) 9.05% 2.18%
Return on invested capital 5.01% 10.49% 5.40%

Growth

Metric ACHC NHC Medical Care Facilities median
Revenue growth (TTM) 4.27% 6.92% 7.12%
EPS growth (last fiscal year) (537.41%) 17.46% —
Revenue growth, 5-year CAGR 9.65% 8.10% 9.58%
Net income growth, 5-year CAGR 0.00% 23.44% 0.00%

Health

Metric ACHC NHC Medical Care Facilities median
Debt to equity 1.22 0.00 0.30
Current ratio 1.57 1.86 1.22
Net debt to EBITDA 4.07 (1.74) 1.32

Dividend

Metric ACHC NHC Medical Care Facilities median
Dividend yield — 2.57% 0.85%
Payout ratio 0.00 1.11 0.00

Size

Metric ACHC NHC Medical Care Facilities median
Market cap 2.59b 3.47b 1.34b

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