Projected Income Statement: HealthEquity, Inc.

Forecast Balance Sheet: HealthEquity, Inc.

Fiscal Period: January 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 1,029 658 705 671 471 369 127 -20.4
Change - -36.05% 7.14% -4.82% -29.81% -21.65% -65.58% -116.06%
Announcement Date 3/16/20 3/15/21 3/22/22 3/21/23 3/19/24 - - -
1USD in Million
Estimates

Cash Flow Forecast: HealthEquity, Inc.

Fiscal Period: January 2020 2021 2022 2023 2024 2025 2026 2027
CAPEX 1 32.94 13.09 8.908 3.371 1.694 2.497 3.982 6
Change - -60.25% -31.96% -62.16% -49.75% 47.4% 59.47% 50.68%
Free Cash Flow (FCF) 1 72.07 117 132.1 105.5 241.1 295 402 469
Change - 62.38% 12.87% -20.15% 128.61% 22.34% 36.27% 16.67%
Announcement Date 3/16/20 3/15/21 3/22/22 3/21/23 3/19/24 - - -
1USD in Million
Estimates

Forecast Financial Ratios: HealthEquity, Inc.

Fiscal Period: January 2020 2021 2022 2023 2024 2025 2026 2027

Profitability

        
EBITDA Margin (%) 36.93% 32.83% 31.2% 31.6% 36.93% 40.05% 41.58% 44.37%
EBIT Margin (%) 14.48% 4.87% -3.2% 1.05% 11.77% 13.34% 19.23% 22.95%
EBT Margin (%) 8.11% 0.56% -8.82% -4.42% 7.51% 9.03% 15.67% 20.28%
Net margin (%) 7.46% 1.2% -5.85% -3.03% 5.57% 7.9% 12.28% 16.04%
FCF margin (%) 13.55% 15.95% 17.46% 12.24% 24.12% 24.72% 30.76% 32.19%
FCF / Net Income (%) 181.7% 1,324.72% -298.24% -403.46% 432.82% 312.86% 250.37% 200.64%

Profitability

        
ROA 7.48% 0.33% -1.52% -0.84% 6.25% 5.21% 6.3% 10.2%
ROE 15.26% 10.46% 6.81% 6.11% 9.95% 8.76% 9.93% 14.9%

Financial Health

        
Leverage (Debt/EBITDA) 5.24x 2.73x 2.99x 2.46x 1.28x 0.77x 0.23x -
Debt / Free cash flow 14.28x 5.62x 5.34x 6.36x 1.95x 1.25x 0.32x -

Capital Intensity

        
CAPEX / Current Assets (%) 6.19% 1.78% 1.18% 0.39% 0.17% 0.21% 0.3% 0.41%
CAPEX / EBITDA (%) 16.77% 5.44% 3.77% 1.24% 0.46% 0.52% 0.73% 0.93%
CAPEX / FCF (%) 45.71% 11.19% 6.74% 3.2% 0.7% 0.85% 0.99% 1.28%

Items per share

        
Cash flow per share 1 1.534 2.4 1.696 1.784 2.792 3.73 4.305 -
Change - 56.44% -29.33% 5.19% 56.52% 33.55% 15.42% -
Dividend per Share 1 - - - - - - - -
Change - - - - - - - -
Book Value Per Share 1 14.5 17.87 22.11 22.37 23.63 23.51 24.56 -
Change - 23.21% 23.76% 1.14% 5.65% -0.52% 4.47% -
EPS 1 0.58 0.12 -0.53 -0.31 0.64 1.056 1.801 2.651
Change - -79.31% -541.67% -41.51% -306.45% 65.06% 70.51% 47.2%
Nbr of stocks (in thousands) 70,879 76,991 83,601 84,640 85,801 86,663 86,663 86,663
Announcement Date 3/16/20 3/15/21 3/22/22 3/21/23 3/19/24 - - -
1USD
Estimates
2025 *2026 *
P/E ratio 106x 62.2x
PBR 4.76x 4.56x
EV / Sales 8.44x 7.52x
Yield - -
More valuation ratios * Estimated data

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Trading Rating
Investor Rating
ESG MSCI
A
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
111.97USD
Average target price
114.29USD
Spread / Average Target
+2.07%
Consensus

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. HQY Stock
  4. Financials HealthEquity, Inc.