Addus HomeCare Corporation (ADUS) vs National HealthCare Corporation (NHC)

Addus HomeCare Corporation and National HealthCare Corporation are both Medical Care Facilities companies. National HealthCare Corporation is the larger, with a market value of $3.5B against $2.1B — 1.6× the size. Addus HomeCare Corporation trades at the lower P/E: 19.9× against 25.2×. Addus HomeCare Corporation grew revenue faster over the last twelve months: 15.9% against 6.92%. National HealthCare Corporation has the higher net margin (9.00% vs 7.13%) and the higher return on invested capital (10.5% vs 8.34%). Across the 22 metrics below, Addus HomeCare Corporation leads on 14 and National HealthCare Corporation on 8.

Valuation

Metric ADUS NHC Medical Care Facilities median
P/E 19.86 25.21 19.16
P/S 1.40 2.28 0.90
P/B 1.80 3.15 2.91
Price to free cash flow 13.39 24.23 12.62
EV/EBITDA 12.29 17.64 10.06
EV/Sales 1.38 2.15 1.35
Earnings yield 5.04% 3.97% 2.30%
Free cash flow yield 7.47% 4.13% 4.14%

Profitability

Metric ADUS NHC Medical Care Facilities median
Gross margin 32.36% 100.00% 30.78%
Operating margin 10.04% 9.28% 5.74%
Net margin 7.13% 9.00% 2.32%
Free cash flow margin 10.49% 9.40% 5.46%
Return on equity 9.71% 13.03% 8.76%
Return on assets 7.35% 9.05% 2.18%
Return on invested capital 8.34% 10.49% 5.40%

Growth

Metric ADUS NHC Medical Care Facilities median
Revenue growth (TTM) 15.88% 6.92% 7.12%
EPS growth (last fiscal year) 23.40% 17.46% —
Revenue growth, 5-year CAGR 13.22% 8.10% 9.58%
Net income growth, 5-year CAGR 23.69% 23.44% 0.00%

Health

Metric ADUS NHC Medical Care Facilities median
Debt to equity 0.05 0.00 0.30
Current ratio 1.69 1.86 1.22
Net debt to EBITDA 0.25 (1.74) 1.32

Dividend

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

Size

Metric ADUS NHC Medical Care Facilities median
Market cap 2.14b 3.47b 1.34b

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