Financials Universal Health Services, Inc.

Equities

UHS

US9139031002

Healthcare Facilities & Services

Market Closed - Nyse Other stock markets 16:00:01 2024-12-06 EST			5-day change	1st Jan Change
194.22 ^USD	-0.93%		-5.26%	+27.41%

11-26	TD Cowen Adjusts Price Target on Universal Health Services to $251 From $275, Maintains Buy Rating	MT
11-25	Wells Fargo Adjusts Price Target on Universal Health Services to $230 From $285, Keeps Overweight Rating	MT

Projected Income Statement: Universal Health Services, Inc.

income-statement-evolution-chart UNIVERSAL-HEALTH-SERVICES

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	11,378	11,559	12,642	13,399	14,282	15,720	16,708	17,660
Change	-	1.59%	9.37%	5.99%	6.59%	10.07%	6.29%	5.7%
EBITDA ¹	1,802	1,869	1,896	1,643	1,743	2,206	2,369	2,508
Change	-	3.7%	1.47%	-13.36%	6.11%	26.55%	7.36%	5.87%
EBIT ¹	1,325	1,358	1,363	1,004	1,175	1,615	1,746	1,860
Change	-	2.52%	0.35%	-26.38%	17.12%	37.43%	8.11%	6.49%
Interest Paid ¹	-162.7	-106.3	-83.67	-126.9	-206.7	-194.1	-194.1	-187.4
Earnings before Tax (EBT) ¹	1,066	1,252	1,293	866.3	940.4	1,418	1,539	1,667
Change	-	17.42%	3.29%	-33.02%	8.56%	50.73%	8.57%	8.31%
Net income ¹	814.9	944	991.6	675.6	717.8	1,086	1,168	1,256
Change	-	15.84%	5.05%	-31.87%	6.24%	51.33%	7.56%	7.52%
Announcement Date	2/26/20	2/25/21	2/24/22	2/27/23	2/27/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: Dezember	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	2,896	2,830	2,730	2,913	3,087	3,013	3,198	3,156	3,275	3,293	3,323	3,336	3,447	3,468	3,548	3,563	3,704	3,844	3,908	3,963	4,009	4,085	4,152	4,208	4,263	4,295	4,377	4,431
Change	-	-2.3%	-3.53%	6.7%	5.99%	-2.4%	6.14%	-1.31%	3.78%	0.54%	0.92%	0.38%	3.33%	0.6%	2.33%	0.41%	3.95%	3.78%	1.67%	1.42%	1.17%	1.89%	1.64%	1.33%	1.31%	0.76%	1.91%	1.22%
EBITDA ¹	465.8	361.1	484.2	475.6	547.9	427.1	573	442.6	447	376.6	377.3	415.7	467.3	420.3	423.9	411.1	476.7	529.8	578.4	533.7	570.6	566.9	610.4	571.5	613.6	602.1	639.1	602.3
Change	-	-22.48%	34.11%	-1.78%	15.19%	-22.05%	34.16%	-22.76%	1.01%	-15.74%	0.17%	10.19%	12.4%	-10.05%	0.84%	-3.02%	15.96%	11.14%	9.18%	-7.72%	6.91%	-0.66%	7.68%	-6.38%	7.38%	-1.88%	6.15%	-5.75%
EBIT ¹	357.5	236.7	358	349.7	414	295.7	439	314.8	313.6	232.9	233.4	275.9	261.4	278.7	280.1	285.4	331.2	388.8	436.4	384.2	414.5	420.4	453.4	418.2	451.6	450.9	468.7	449.8
Change	-	-33.79%	51.26%	-2.34%	18.39%	-28.58%	48.47%	-28.28%	-0.37%	-25.76%	0.25%	18.18%	-5.25%	6.62%	0.51%	1.87%	16.06%	17.38%	12.25%	-11.97%	7.89%	1.42%	7.86%	-7.76%	7.97%	-0.15%	3.94%	-4.02%
Charge d'intérêts ¹	-39.16	-36.35	-25.47	-24.58	-19.89	-21.96	-21.3	-21.2	-19.22	-21.67	-25.68	-35.65	-43.89	-50.88	-48.83	-53.38	-53.59	-52.83	-48.9	-44.66	-47.75	-48.22	-47.98	-47.57	-47.26	-48.72	-48.79	-49.51
Earnings before Tax (EBT) ¹	321.2	190.8	335.7	323.3	-	272.9	426.8	286.9	306.7	200	209.7	234.2	222.3	214.1	224.7	220.5	281.1	336.1	382	341.5	367.7	373.6	410.8	380.4	403.5	398.7	417.4	399.9
Change	-	-40.6%	75.94%	-3.69%	-100%	-	56.41%	-32.78%	6.92%	-34.81%	4.87%	11.67%	-5.07%	-3.7%	4.95%	-1.86%	27.49%	19.55%	13.66%	-10.59%	7.66%	1.62%	9.95%	-7.41%	6.09%	-1.21%	4.69%	-4.19%
Net income ¹	245.2	142	251.9	241.3	308.7	209.1	325	218.4	239.1	153.9	164.1	182.8	174.8	163.1	171.3	167	216.4	261.8	289.2	258.7	280.9	281.8	311.7	283.4	306.4	296.3	317.1	299.2
Change	-	-42.07%	77.37%	-4.23%	27.95%	-32.27%	55.45%	-32.82%	9.51%	-35.63%	6.59%	11.43%	-4.37%	-6.7%	5.03%	-2.52%	29.58%	21.01%	10.43%	-10.53%	8.58%	0.33%	10.6%	-9.08%	8.11%	-3.31%	7.02%	-5.62%
Announcement Date	2/26/20	4/27/20	7/27/20	10/29/20	2/25/21	4/26/21	7/26/21	10/25/21	2/24/22	4/25/22	7/25/22	10/25/22	2/27/23	4/25/23	7/25/23	10/25/23	2/27/24	4/24/24	7/24/24	10/24/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Universal Health Services, Inc.

balance-sheet-analysis-chart UNIVERSAL-HEALTH-SERVICES

Fiscal Period: Dezember	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	3,923	2,632	4,075	4,705	4,793	4,826	4,449	4,031
Change	-	-32.91%	54.83%	15.46%	1.87%	0.69%	-7.81%	-9.4%
Announcement Date	2/26/20	2/25/21	2/24/22	2/27/23	2/27/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Universal Health Services, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	634.1	731.3	855.7	734	743.1	939.4	921.1	938.7
Change	-	15.33%	17%	-14.22%	1.23%	26.43%	-1.95%	1.91%
Free Cash Flow (FCF) ¹	804.4	1,629	28.04	262	524.7	1,074	968	1,120
Change	-	102.5%	-98.28%	834.59%	100.27%	104.67%	-9.87%	15.65%
Announcement Date	2/26/20	2/25/21	2/24/22	2/27/23	2/27/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Universal Health Services, Inc.

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	15.84%	16.17%	15%	12.26%	12.21%	14.04%	14.18%	14.2%
EBIT Margin (%)	11.64%	11.75%	10.78%	7.49%	8.23%	10.28%	10.45%	10.53%
EBT Margin (%)	9.37%	10.83%	10.23%	6.46%	6.58%	9.02%	9.21%	9.44%
Net margin (%)	7.16%	8.17%	7.84%	5.04%	5.03%	6.91%	6.99%	7.11%
FCF margin (%)	7.07%	14.09%	0.22%	1.96%	3.67%	6.83%	5.79%	6.34%
FCF / Net Income (%)	98.71%	172.56%	2.83%	38.78%	73.1%	98.87%	82.84%	89.11%
Profitability
ROA	7.78%	7.51%	7.46%	5.49%	5.23%	7.56%	7.94%	8.27%
ROE	16.37%	15.97%	15.99%	12.16%	11.89%	17.05%	17.39%	17.17%
Financial Health
Leverage (Debt/EBITDA)	2.18x	1.41x	2.15x	2.86x	2.75x	2.19x	1.88x	1.61x
Debt / Free cash flow	4.88x	1.62x	145.35x	17.96x	9.13x	4.49x	4.6x	3.6x
Capital Intensity
CAPEX / Current Assets (%)	5.57%	6.33%	6.77%	5.48%	5.2%	5.98%	5.51%	5.32%
CAPEX / EBITDA (%)	35.18%	39.13%	45.12%	44.68%	42.62%	42.58%	38.89%	37.43%
CAPEX / FCF (%)	78.83%	44.9%	3,052%	280.13%	141.6%	87.47%	95.16%	83.85%
Items per share
Cash flow per share ¹	16.16	27.58	10.56	13.49	18.08	27.91	28.53	-
Change	-	70.69%	-61.71%	27.76%	34.02%	54.39%	2.22%	-
Dividend per Share ¹	0.6	0.2	0.8	0.8	0.8	0.7975	0.8098	0.8161
Change	-	-66.67%	300%	0%	0%	-0.31%	1.54%	0.77%
Book Value Per Share ¹	62.83	74.27	73.8	83.83	87.69	105.8	113.3	128.8
Change	-	18.2%	-0.63%	13.59%	4.6%	20.66%	7.04%	13.76%
EPS ¹	9.13	10.99	11.82	9.14	10.23	16.04	17.79	19.46
Change	-	20.37%	7.55%	-22.67%	11.93%	56.76%	10.94%	9.37%
Nbr of stocks (in thousands)	87,582	84,982	80,377	71,410	68,259	65,966	65,966	65,966
Announcement Date	2/26/20	2/25/21	2/24/22	2/27/23	2/27/24	-	-	-