RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:SOC Telemed (TLMD) Acquired by Patient Square Capitalbrandinvestor wrote: Don't forget they also look at market conditions and comparibles.
WELL last year compared to it's competition was worth $10-$12 but the entirety of Health Tech is down which means comparibly we are worth $8 now compared to the competition's comparibles.
that's exactly what happened - the analysts valued the telehealth piece of WELL far higher last year based on what TDOC/AMWL/etc were trading at. multiples were like 10X Revenues and more. a bit rich. when those stocks got decimated, WELL went down with it, along with their price target.
the big difference is Circle/WISP don't appear to be in the same level of the cash burn cycle as companies like TDOC/AMWL, so I would expect to see some multiple expansion if WELL can prove out the value of this side of the business to the market.
the market cap of WELL is ~$1bn which is effectively what CRH and MyHealth are worth. there's hidden value here. this was highlighted recently by Scotia in that research note.