Community Health Systems, Inc. (CYH) vs InnovAge Holding Corp. (INNV)

Community Health Systems, Inc. and InnovAge Holding Corp. are both Medical Care Facilities companies. InnovAge Holding Corp. is the larger, with a market value of $1.2B against $406.1M — 3.0× the size. InnovAge Holding Corp. has negative trailing earnings, so its P/E is not meaningful; Community Health Systems, Inc. trades at 1.6×. InnovAge Holding Corp. grew revenue faster over the last twelve months: 15.9% against −5.24%. Community Health Systems, Inc. has the higher net margin (2.10% vs −0.26%) and the higher return on invested capital (10.3% vs 1.06%). Across the 19 metrics below, Community Health Systems, Inc. leads on 12 and InnovAge Holding Corp. on 7.

Valuation

Metric CYH INNV Medical Care Facilities median
P/E 1.56 n/m 19.16
P/S 0.03 1.23 0.90
P/B n/m 5.12 2.91
Price to free cash flow n/m 24.10 12.62
EV/EBITDA 5.46 46.32 10.06
EV/Sales 0.82 1.15 1.35
Earnings yield 64.04% (0.22%) 2.30%
Free cash flow yield (46.00%) 4.15% 4.14%

Profitability

Metric CYH INNV Medical Care Facilities median
Gross margin 85.41% 23.01% 30.78%
Operating margin 11.37% 0.26% 5.74%
Net margin 2.10% (0.26%) 2.32%
Free cash flow margin (1.52%) 5.47% 5.46%
Return on equity (19.57%) (1.06%) 8.76%
Return on assets 1.95% (0.47%) 2.18%
Return on invested capital 10.30% 1.06% 5.40%

Growth

Metric CYH INNV Medical Care Facilities median
Revenue growth (TTM) (5.24%) 15.93% 7.12%
EPS growth (last fiscal year) 196.67% 90.91% —
Revenue growth, 5-year CAGR 1.15% 9.19% 9.58%
Net income growth, 5-year CAGR (0.08%) 0.00% 0.00%

Health

Metric CYH INNV Medical Care Facilities median
Debt to equity (8.23) 0.24 0.30
Current ratio 1.53 1.05 1.22
Net debt to EBITDA 5.30 (3.47) 1.32

Dividend

Metric CYH INNV Medical Care Facilities median
Dividend yield — — 0.85%
Payout ratio 0.00 0.00 0.00

Size

Metric CYH INNV Medical Care Facilities median
Market cap 406.11m 1.21b 1.34b

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