Post by
thinkyourmoney on May 14, 2021 1:45pm
TDOC vs WELL
I just did a little comparison of Well vs TDOC. I know Tech and Telehealth were "consolidating" lately so I figured I best just crunch a couple of numbers and the closest to WELL is TDOC.
TDOC is half the price that it was when it peaked. Earnings per share are -$6.27 per share.
WELL is 70% of its peak price right now. Net income was -$.04 per share basic and diluted.
TDOC just bought Luvongo which is comparable to WELL buying CRH (or vice versa). However, in the first quarter TDOC took some big hits and declared substantial losses with paying Livongo stock awards.
I did not see any such thing on the Q1 report for WELL but then they did not take over CRH until April 22. What we did get was this update:
CRH is on track to meet and exceed its business plan goal of generating over US$150 million in revenues, US$60 million in EBITDA and US$40 million in free cashflow before leverage and tax costs in 2021. As a result, WELL’s combined pro forma revenue is now approaching C$300 million with over C$80 million in EBITDA(2) on a run-rate basis
The one thing that is missing for me right now is that CRH as far as I know did not declare a first quarter earnings report. I gather they would not have to report as they are no longer a listed company. We will have to wait for a press release from WELL that clarifies that the transition of CRH to WELL was accomplished with a much more positive result that the deal that was made between TDOC and Livongo.
I am under the impression the WELL is moving to positive earnings this year and as early as next quarter.
Could this be why everyone is holding their breath before the next big bump up??? If we don't hear something before then we will know for sure in August when Q2 earnings are released.