Company Valuation: CorVel Corporation

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 1,834 2,968 3,265 4,495 5,751 2,795
Change - 61.83% 10.01% 37.68% 27.93% -51.39%
Enterprise Value (EV) 1 1,749 2,914 3,227 4,421 5,608 2,591
Change - 66.59% 10.77% 36.98% 26.85% -53.81%
P/E 40.2x 46x 50.5x 59.8x 61.2x 25.5x
PBR 8.32x 13.9x 16.2x 18.2x 17.9x 7.06x
PEG - 1.1x 16.79x 3.6x 2.5x 1.5x
Capitalization / Revenue 3.32x 4.59x 4.54x 5.65x 6.42x 2.92x
EV / Revenue 3.16x 4.51x 4.49x 5.56x 6.26x 2.7x
EV / EBITDA 21.2x 26.9x 29.4x 36.4x 37.3x 14.8x
EV / EBIT 29.6x 34.5x 38.2x 46.5x 46.4x 18.1x
EV / FCF 23.7x 131x 61.8x 80.6x 73.9x 27.9x
FCF Yield 4.23% 0.76% 1.62% 1.24% 1.35% 3.59%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.85 1.22 1.257 1.467 1.83 2.14
Distribution rate - - - - - -
Net sales 1 552.6 646.2 718.6 795.3 895.6 958.5
EBITDA 1 82.61 108.4 109.7 121.4 150.4 174.9
EBIT 1 59.18 84.51 84.55 95.1 120.8 143.1
Net income 1 46.36 66.41 66.36 76.25 95.16 110.3
Net Debt 1 -85.05 -54.36 -37.57 -74.17 -142.5 -205
Reference price 2 34.20 56.15 63.43 87.65 111.97 54.65
Nbr of stocks (in thousands) 53,631 52,862 51,477 51,283 51,359 51,152
Announcement Date 5/28/21 A 5/27/22 A 5/26/23 A 5/24/24 A 5/23/25 A 5/22/26 A
1USD in Million2USD
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 4.24B
13.75x0.41x8.65x2.82% 121B
15.76x1.92x9.61x0.67% 101B
-279.64x20.1x-339.84x-.--% 59.59B
13.54x1.51x9.12x2.58% 28.59B
23.52x2.61x13.23x1.37% 26.85B
23.68x2.16x12.4x0.88% 26.76B
8.22x1.47x6.64x-.--% 21.79B
28.71x5.25x21.8x2.43% 19.57B
20.37x1.82x9.16x3.48% 19.03B
Average -14.68x 4.14x -27.69x 1.58% 42.84B
Weighted average by Cap. -25.05x 4.20x -38.99x 1.54%

Y-o-Y evolution of P/E

Valuation ratios - P/E - CorVel Corporation

Historical PBR trend

Valuation ratios - PBR - CorVel Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - CorVel Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - CorVel Corporation

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