Quipt Home Medical Corp T.QIPT

Adapth trade a 6 times ebitda less Capex

[besttobe]

• Adjusted EBITDA less Patient Equipment Capex of $365 million to $375 million, up from prior guidance of $360 million to $375 million.

Adapth health trades at 6 times EBITDA less Capex and VMD is about the same. Maybe Crawford should update his presentation comparitive, now that he has let the cat out of the bag. IMO. 

[lscfa]

Add the huge net debt of Adapt to mkt cap to get accurate ev/ebitda, numbnuts.  

[besttobe]

Quipt year ended  2021 ebitda was 21 million and capex for rental equipent was $18 million. Thus after capex EBIDTA-capex was $3 million.  Apria trades at 10X ebitda less equipemt Capex and Adapthhealth 6 times. Quipt? 78 times... Hmmmmm...how over valued is it?

[lscfa]

Flawed analysis.   Capex was not all for replacing/sustaining equipment fleet. There was  new equipment purchased too.   

[besttobe]

ISFCA wrote "Flawed analysis.   Capex was not all for replacing/sustaining equipment fleet. There was  new equipment purchased too.   Of course it is flawed to you, as it doesn't fit your narrative.  Quipt...78 times!! hahha Too funny. IFSCA...you have been schooled. Just like your 5% rate increase straight to the bottom line predication. Like Quipt lives in a

[lscfa]

Also, flawed comparison because Apria and Adapthealth define patient equipment capex differently.   Apria   Adjusted EBITDA less Patient Equipment Capex = Adjusted EBITDA less purchases of patient equipment net of dispositions (“Patient Equipment Capex”).      Adapthealth   Adjusted EBITDA less Patient Equipment Capex = Adjusted EBITDA less patient

[besttobe]

ISFCA wrote "Also, flawed comparison because Apria and Adapthealth define patient equipment capex differently". Apria   Adjusted EBITDA less Patient Equipment Capex = Adjusted EBITDA less purchases of patient equipment net of dispositions (“Patient Equipment Capex”).    Ok....Quipt EBITDA  $21 mil - $8 mil Equipt rental capex less disposals = 13mil

[lscfa]

Still flawed. Co. does give enough data to calc sustaining equip. capex. Acquisitions are likely muddying the waters too. You can't rely on note 6. 2021 transfers in + acquistions - disposals = $8,578      2020 transfers in + acquistions - disposals = -$4,149 ????    

[lscfa]

See image...

[lscfa]

Stockhouse editor sucks today

[lscfa]

Should say co. does NOT give enough info to calc sustaining equip. capex

[besttobe]

ISFCA wrote "Should say co. does NOT give enough info to calc sustaining equip. capex" ISFCA ....They all follow the same accounting rules. They all have aquisitions.  You my friend have once again been schooled.  The S/P is the S/P and Overvalued to peers according to the CEO's own statement re Aprai multiples. Have good day...going for a sunny day of golf. Maybe

[Carlito3311]

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