Ardent Health Partners, LLC

ARDT

ARDTArdent Health Partners, LLC US flag

New York Stock Exchange

7.83

USD

-1.44

- -

1.12BMarket Cap

Profitability (USD)

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	2016 Y	2017 Y	2018 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	372.05	41.95	80.71	31.31
Return on Assets (%)	- -	-2.06	-2.72	11.33	8.44	1.17	4.34	2.65
Return on Capital (%)	- -	-8.39	- -	18.6	12.57	1.43	5.83	2.74
Return on Invested Capital (%)	- -	0.19	- -	35.47	10.7	5.49	9.16	6.68
Gross Margin (%)	33.55	34.34	33.37	33.85	34.37	37.56	40.2	40.85
EBITDA Margin (%)	6.45	7.7	7.19	11.78	6.92	6.75	9.25	7.61
Operating Margin (%)	3.05	4.06	3.67	8.96	4.23	4.15	6.8	5.15
Incremental Operating Margin (%)	- -	6.41	2.61	36.09	-84.67	2.6	32.6	-22.38
Pretax Margin (%)	2.11	1.69	-0.17	6.08	6.07	2.8	6.09	4.53
Profit Margin (%)	0.69	-1.19	-1.7	3.17	3.68	1	3.53	2.15
Net Income to Common Margin (%)	0.69	-1.19	-1.7	3.17	3.68	1	3.53	2.15
Effective Tax Rate (%)	18.08	98.47	- -	17.34	14.8	14.93	17.45	19.63
Dvd Payout Ratio (%)	- -	- -	- -	18.55	51.14	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	181.79	41.95	80.71	31.31

Credit (USD)

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	2016 Y	2017 Y	2018 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	240	953	1,261	- -	2,388	2,397	2,282	2,318
ST Debt	8	17	9	- -	58	61	56	77
LT Debt	233	936	1,252	- -	2,330	2,336	2,227	2,241
Total Debt/EBITDA	1.77	4.12	4.3	- -	6.72	6.56	4.13	4.82
Net Debt/EBITDA	1.09	3.81	4.1	- -	2.03	2.05	0.98	0.81
Total Debt/EBIT	3.74	7.82	8.42	- -	11	10.68	5.62	7.12
Net Debt/EBIT	2.3	7.23	8.02	- -	3.33	3.34	1.33	1.2
EBITDA to Interest Expense	5.04	3.27	2.7	6.11	4.33	4.91	8.42	8.72
EBITDA-CapEx/Interest Expense	2.05	1.55	1.22	4.63	2.49	3.06	5.56	4.88
EBIT to Interest Expense	2.39	1.72	1.38	4.65	2.65	3.02	6.19	5.9
Interest Expense	27	71	109	94	82	74	66	55
Common Equity/Total Assets	1.06	-1.02	-4.4	- -	2.27	3.29	7.38	9.48
Long-Term Debt/Equity (%)	58.76	123.09	164.91	- -	221.83	215.8	146.26	133
Long-Term Debt/Capital (%)	61.02	71.38	82.3	- -	80.31	78.81	73.27	69.67
Long-Term Debt/Total Assets (%)	21.44	39.41	45.96	- -	52.02	49.36	44.93	42.36
Total Debt/Equity (%)	60.7	125.31	166.09	- -	227.4	221.43	149.91	137.57
Total Debt/Capital (%)	63.03	72.66	82.89	- -	82.32	80.87	75.1	72.06
Total Debt/Total Assets (%)	22.15	40.12	46.29	- -	53.33	50.65	46.05	43.82
Net Debt to Equity	37.31	115.84	158.24	- -	68.73	69.23	35.36	23.12
Net Debt/Capital (%)	51.17	71.08	82.19	- -	29.52	29.66	21.69	15.54
EBITDA	136	231	293	574	355	365	552	481
EBITDA-CapEx	55	110	132	435	204	228	365	269
Operating Income (Loss)	64	122	150	437	217	224	406	326

Liquidity (USD)

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	2016 Y	2017 Y	2018 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.28	0.14	0.11	- -	0.56	0.44	0.59	0.68
Current Ratio	1.44	1.45	1.51	- -	1.74	1.63	1.94	1.97
Quick Ratio	1.08	1.04	1.06	- -	1.31	1.22	1.37	1.33
CFO/Avg Current Liab	- -	0.29	0.3	0.53	-0.09	0.25	0.32	0.47
Common Equity/Total Assets	1.06	-1.02	-4.4	- -	2.27	3.29	7.38	9.48
Long-Term Debt/Equity (%)	58.76	123.09	164.91	- -	221.83	215.8	146.26	133
Long-Term Debt/Capital (%)	61.02	71.38	82.3	- -	80.31	78.81	73.27	69.67
Long-Term Debt/Total Assets (%)	21.44	39.41	45.96	- -	52.02	49.36	44.93	42.36
Total Debt/Equity (%)	60.7	125.31	166.09	- -	227.4	221.43	149.91	137.57
Total Debt/Capital (%)	63.03	72.66	82.89	- -	82.32	80.87	75.1	72.06
Total Debt/Total Assets (%)	22.15	40.12	46.29	- -	53.33	50.65	46.05	43.82
CFO/Total Liabilities	12.44	7.4	8.12	- -	-1.12	6.08	9.17	13.05
CFO/CapEx	1.07	0.98	0.99	1.06	-0.25	1.61	1.68	2.22
Altman's Z-Score	3.26	2.47	2.6	- -	1.89	1.87	2.6	2.16

Working Capital (USD)

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	2016 Y	2017 Y	2018 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	8.4	8.29	18.41	17	7.85	7.86	8.85
Days Sales Outstanding	- -	43.46	44.01	19.83	21.47	46.52	46.45	41.24
Inventory Turnover	- -	30.03	32.14	75.97	62.84	31.77	32.35	32.01
Days Inventory Outstanding	- -	12.15	11.36	4.8	5.81	11.49	11.28	11.4
Accounts Payable Turnover	- -	11.21	11.89	27.23	21.66	8.49	8.17	8.72
Accounts Payable Turnover Days	- -	32.57	30.69	13.4	16.85	43	44.68	41.88
Cash Conversion Cycle	- -	23.04	24.68	11.23	10.42	15.01	13.06	10.76
Inventory to Cash Days	- -	31.31	32.66	15.02	15.66	35.03	35.17	29.84
Inventories	47	84	85	- -	107	105	115	119
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	47	84	85	- -	107	105	115	119

Enterprise Value (USD)

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	2016 Y	2017 Y	2018 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	- -	- -	- -	- -	2,262	- -
- Cash & Cash Equivalents	93	72	60	- -	456	438	557	710
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	129	383	380	- -	411	411	391	397
+ Total Debt	240	953	1,261	- -	2,388	2,397	2,282	2,318
Enterprise Value	277	1,263	1,581	- -	2,343	2,370	4,378	2,005
Total Capital	381	1,311	1,521	- -	2,901	2,963	3,039	3,217
Total Debt/Capital (%)	63.03	72.66	82.89	- -	82.32	80.87	75.1	72.06
Total Debt / EV	0.87	0.75	0.8	- -	1.02	1.01	0.52	1.16
EV/Sales	0.13	0.42	0.39	- -	0.46	0.44	0.73	0.32
EV/EBITDA	2.04	5.46	5.4	- -	6.6	6.49	7.93	4.17
EV/EBIT	4.31	10.37	10.56	- -	10.8	10.57	10.79	6.16
EV/Cash Flow to Firm	2.57	10.48	3.05	- -	74.29	8.32	11.86	3.89
EV/Free Cash Flow to Firm	1.47	5.22	2.33	- -	12.83	5.61	7.87	2.76
Diluted Market Cap	- -	- -	- -	- -	- -	- -	2,267	- -
Diluted Enterprise Value	277	1,263	1,581	- -	2,343	2,370	4,384	2,005
EV per Share	1.97	8.96	11.22	- -	16.62	16.82	33.06	- -
TTM Sales	2,105	3,002	4,076	4,870	5,130	5,409	5,966	6,324
TTM EBITDA	136	231	293	574	355	365	552	481
TTM Operating Income	64	122	150	437	217	224	406	326
TTM Cash Flow to Firm	108	121	519	224	32	285	369	515
TTM Free Cash Flow to Firm	188	242	679	363	183	422	557	727

Multiples (USD)

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	2016 Y	2017 Y	2018 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	4.51	- -
EV/EBIT	4.31	10.37	10.56	- -	10.8	10.57	10.79	6.16
Enterprise Value	277	1,263	1,581	- -	2,343	2,370	4,378	2,005
Low Price	- -	- -	- -	- -	- -	- -	- -	8.28
EV/Sales	0.13	0.42	0.39	- -	0.46	0.44	0.73	0.32
EV/EBITDA	2.04	5.46	5.4	- -	6.6	6.49	7.93	4.17
Price/Earnings	- -	- -	- -	- -	- -	- -	10.75	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	10.91	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	13.05	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	6.18	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	6.28	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	7.5	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	3.81	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	3.87	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	4.62	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales	- -	- -	- -	- -	- -	- -	0.38	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	0.38	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	0.46	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	7.18	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	7.29	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	8.71	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	4.58	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	5.47	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	0.13	0.42	0.39	- -	0.46	0.44	0.74	0.32
EV/Sales High	0.13	0.42	0.39	- -	0.46	0.44	0.81	0.32
EV/Sales Low	0.13	0.42	0.39	- -	0.46	0.44	0.35	0.32
EV/EBITDA Average	2.04	5.46	5.4	- -	6.6	6.49	7.99	4.17
EV/EBITDA High	2.04	5.46	5.4	- -	6.6	6.49	8.8	4.17
EV/EBITDA Low	2.04	5.46	5.4	- -	6.6	6.49	3.83	4.17
EV/EBIT Average	4.31	10.37	10.56	- -	10.8	10.57	10.87	6.16
EV/EBIT High	4.31	10.37	10.56	- -	10.8	10.57	11.98	6.16
EV/EBIT Low	4.31	10.37	10.56	- -	10.8	10.57	5.22	6.16
Last Price	- -	- -	- -	- -	- -	- -	17.08	8.83
High Price	- -	- -	- -	- -	- -	- -	20.72	17.29
Enterprise Value Average	277	1,263	1,581	- -	2,343	2,370	4,412	2,005
Enterprise Value High	277	1,263	1,581	- -	2,343	2,370	4,861	2,005
Enterprise Value Low	277	1,263	1,581	- -	2,343	2,370	2,116	2,005

Profitability (USD)

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	2016 Y	2017 Y	2018 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	372.05	41.95	80.71	31.31
Return on Assets (%)	- -	-2.06	-2.72	11.33	8.44	1.17	4.34	2.65
Return on Capital (%)	- -	-8.39	- -	18.6	12.57	1.43	5.83	2.74
Return on Invested Capital (%)	- -	0.19	- -	35.47	10.7	5.49	9.16	6.68
Gross Margin (%)	33.55	34.34	33.37	33.85	34.37	37.56	40.2	40.85
EBITDA Margin (%)	6.45	7.7	7.19	11.78	6.92	6.75	9.25	7.61
Operating Margin (%)	3.05	4.06	3.67	8.96	4.23	4.15	6.8	5.15
Incremental Operating Margin (%)	- -	6.41	2.61	36.09	-84.67	2.6	32.6	-22.38
Pretax Margin (%)	2.11	1.69	-0.17	6.08	6.07	2.8	6.09	4.53
Profit Margin (%)	0.69	-1.19	-1.7	3.17	3.68	1	3.53	2.15
Net Income to Common Margin (%)	0.69	-1.19	-1.7	3.17	3.68	1	3.53	2.15
Effective Tax Rate (%)	18.08	98.47	- -	17.34	14.8	14.93	17.45	19.63
Dvd Payout Ratio (%)	- -	- -	- -	18.55	51.14	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	181.79	41.95	80.71	31.31

Credit (USD)

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	2016 Y	2017 Y	2018 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	240	953	1,261	- -	2,388	2,397	2,282	2,318
ST Debt	8	17	9	- -	58	61	56	77
LT Debt	233	936	1,252	- -	2,330	2,336	2,227	2,241
Total Debt/EBITDA	1.77	4.12	4.3	- -	6.72	6.56	4.13	4.82
Net Debt/EBITDA	1.09	3.81	4.1	- -	2.03	2.05	0.98	0.81
Total Debt/EBIT	3.74	7.82	8.42	- -	11	10.68	5.62	7.12
Net Debt/EBIT	2.3	7.23	8.02	- -	3.33	3.34	1.33	1.2
EBITDA to Interest Expense	5.04	3.27	2.7	6.11	4.33	4.91	8.42	8.72
EBITDA-CapEx/Interest Expense	2.05	1.55	1.22	4.63	2.49	3.06	5.56	4.88
EBIT to Interest Expense	2.39	1.72	1.38	4.65	2.65	3.02	6.19	5.9
Interest Expense	27	71	109	94	82	74	66	55
Common Equity/Total Assets	1.06	-1.02	-4.4	- -	2.27	3.29	7.38	9.48
Long-Term Debt/Equity (%)	58.76	123.09	164.91	- -	221.83	215.8	146.26	133
Long-Term Debt/Capital (%)	61.02	71.38	82.3	- -	80.31	78.81	73.27	69.67
Long-Term Debt/Total Assets (%)	21.44	39.41	45.96	- -	52.02	49.36	44.93	42.36
Total Debt/Equity (%)	60.7	125.31	166.09	- -	227.4	221.43	149.91	137.57
Total Debt/Capital (%)	63.03	72.66	82.89	- -	82.32	80.87	75.1	72.06
Total Debt/Total Assets (%)	22.15	40.12	46.29	- -	53.33	50.65	46.05	43.82
Net Debt to Equity	37.31	115.84	158.24	- -	68.73	69.23	35.36	23.12
Net Debt/Capital (%)	51.17	71.08	82.19	- -	29.52	29.66	21.69	15.54
EBITDA	136	231	293	574	355	365	552	481
EBITDA-CapEx	55	110	132	435	204	228	365	269
Operating Income (Loss)	64	122	150	437	217	224	406	326

Liquidity (USD)

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	2016 Y	2017 Y	2018 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.28	0.14	0.11	- -	0.56	0.44	0.59	0.68
Current Ratio	1.44	1.45	1.51	- -	1.74	1.63	1.94	1.97
Quick Ratio	1.08	1.04	1.06	- -	1.31	1.22	1.37	1.33
CFO/Avg Current Liab	- -	0.29	0.3	0.53	-0.09	0.25	0.32	0.47
Common Equity/Total Assets	1.06	-1.02	-4.4	- -	2.27	3.29	7.38	9.48
Long-Term Debt/Equity (%)	58.76	123.09	164.91	- -	221.83	215.8	146.26	133
Long-Term Debt/Capital (%)	61.02	71.38	82.3	- -	80.31	78.81	73.27	69.67
Long-Term Debt/Total Assets (%)	21.44	39.41	45.96	- -	52.02	49.36	44.93	42.36
Total Debt/Equity (%)	60.7	125.31	166.09	- -	227.4	221.43	149.91	137.57
Total Debt/Capital (%)	63.03	72.66	82.89	- -	82.32	80.87	75.1	72.06
Total Debt/Total Assets (%)	22.15	40.12	46.29	- -	53.33	50.65	46.05	43.82
CFO/Total Liabilities	12.44	7.4	8.12	- -	-1.12	6.08	9.17	13.05
CFO/CapEx	1.07	0.98	0.99	1.06	-0.25	1.61	1.68	2.22
Altman's Z-Score	3.26	2.47	2.6	- -	1.89	1.87	2.6	2.16

Working Capital (USD)

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	2016 Y	2017 Y	2018 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	8.4	8.29	18.41	17	7.85	7.86	8.85
Days Sales Outstanding	- -	43.46	44.01	19.83	21.47	46.52	46.45	41.24
Inventory Turnover	- -	30.03	32.14	75.97	62.84	31.77	32.35	32.01
Days Inventory Outstanding	- -	12.15	11.36	4.8	5.81	11.49	11.28	11.4
Accounts Payable Turnover	- -	11.21	11.89	27.23	21.66	8.49	8.17	8.72
Accounts Payable Turnover Days	- -	32.57	30.69	13.4	16.85	43	44.68	41.88
Cash Conversion Cycle	- -	23.04	24.68	11.23	10.42	15.01	13.06	10.76
Inventory to Cash Days	- -	31.31	32.66	15.02	15.66	35.03	35.17	29.84
Inventories	47	84	85	- -	107	105	115	119
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	47	84	85	- -	107	105	115	119

Enterprise Value (USD)

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	2016 Y	2017 Y	2018 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	- -	- -	- -	- -	2,262	- -
- Cash & Cash Equivalents	93	72	60	- -	456	438	557	710
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	129	383	380	- -	411	411	391	397
+ Total Debt	240	953	1,261	- -	2,388	2,397	2,282	2,318
Enterprise Value	277	1,263	1,581	- -	2,343	2,370	4,378	2,005
Total Capital	381	1,311	1,521	- -	2,901	2,963	3,039	3,217
Total Debt/Capital (%)	63.03	72.66	82.89	- -	82.32	80.87	75.1	72.06
Total Debt / EV	0.87	0.75	0.8	- -	1.02	1.01	0.52	1.16
EV/Sales	0.13	0.42	0.39	- -	0.46	0.44	0.73	0.32
EV/EBITDA	2.04	5.46	5.4	- -	6.6	6.49	7.93	4.17
EV/EBIT	4.31	10.37	10.56	- -	10.8	10.57	10.79	6.16
EV/Cash Flow to Firm	2.57	10.48	3.05	- -	74.29	8.32	11.86	3.89
EV/Free Cash Flow to Firm	1.47	5.22	2.33	- -	12.83	5.61	7.87	2.76
Diluted Market Cap	- -	- -	- -	- -	- -	- -	2,267	- -
Diluted Enterprise Value	277	1,263	1,581	- -	2,343	2,370	4,384	2,005
EV per Share	1.97	8.96	11.22	- -	16.62	16.82	33.06	- -
TTM Sales	2,105	3,002	4,076	4,870	5,130	5,409	5,966	6,324
TTM EBITDA	136	231	293	574	355	365	552	481
TTM Operating Income	64	122	150	437	217	224	406	326
TTM Cash Flow to Firm	108	121	519	224	32	285	369	515
TTM Free Cash Flow to Firm	188	242	679	363	183	422	557	727

Multiples (USD)

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	2016 Y	2017 Y	2018 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	4.51	- -
EV/EBIT	4.31	10.37	10.56	- -	10.8	10.57	10.79	6.16
Enterprise Value	277	1,263	1,581	- -	2,343	2,370	4,378	2,005
Low Price	- -	- -	- -	- -	- -	- -	- -	8.28
EV/Sales	0.13	0.42	0.39	- -	0.46	0.44	0.73	0.32
EV/EBITDA	2.04	5.46	5.4	- -	6.6	6.49	7.93	4.17
Price/Earnings	- -	- -	- -	- -	- -	- -	10.75	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	10.91	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	13.05	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	6.18	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	6.28	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	7.5	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	3.81	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	3.87	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	4.62	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales	- -	- -	- -	- -	- -	- -	0.38	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	0.38	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	0.46	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	7.18	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	7.29	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	8.71	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	4.58	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	5.47	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	0.13	0.42	0.39	- -	0.46	0.44	0.74	0.32
EV/Sales High	0.13	0.42	0.39	- -	0.46	0.44	0.81	0.32
EV/Sales Low	0.13	0.42	0.39	- -	0.46	0.44	0.35	0.32
EV/EBITDA Average	2.04	5.46	5.4	- -	6.6	6.49	7.99	4.17
EV/EBITDA High	2.04	5.46	5.4	- -	6.6	6.49	8.8	4.17
EV/EBITDA Low	2.04	5.46	5.4	- -	6.6	6.49	3.83	4.17
EV/EBIT Average	4.31	10.37	10.56	- -	10.8	10.57	10.87	6.16
EV/EBIT High	4.31	10.37	10.56	- -	10.8	10.57	11.98	6.16
EV/EBIT Low	4.31	10.37	10.56	- -	10.8	10.57	5.22	6.16
Last Price	- -	- -	- -	- -	- -	- -	17.08	8.83
High Price	- -	- -	- -	- -	- -	- -	20.72	17.29
Enterprise Value Average	277	1,263	1,581	- -	2,343	2,370	4,412	2,005
Enterprise Value High	277	1,263	1,581	- -	2,343	2,370	4,861	2,005
Enterprise Value Low	277	1,263	1,581	- -	2,343	2,370	2,116	2,005

	2016 Y	2017 Y	2018 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	141	141	141	- -	141	141	143	143
Diluted Weighted Avg Shares	141	141	141	141	141	141	133	- -
Basic Weighted Avg Shares	141	141	141	141	141	141	132	- -
Revenue per Share	14.93	21.3	28.91	34.55	36.39	38.38	45.05	- -
EBITDA per Share	0.96	1.64	2.08	4.07	2.52	2.59	4.17	- -
Operating Income per Share	0.46	0.86	1.06	3.1	1.54	1.59	3.06	- -
Basic EPS, GAAP	0.1	-0.25	-0.49	1.09	1.34	0.38	1.59	- -
Basic EPS from Cont Ops	0.26	0.01	-0.16	1.74	1.88	0.91	2.26	- -
Diluted EPS, GAAP	0.1	-0.25	-0.49	1.09	1.34	0.38	1.58	- -
Diluted EPS from Cont Ops	0.26	0.01	-0.16	1.74	1.88	0.91	2.26	- -
Dividend per Share	- -	- -	- -	0.44	1.24	- -	- -	- -
Cash Flow per Share	0.61	0.85	1.13	1.04	-0.27	1.57	2.38	- -
Free Cash Flow per Basic Share	0.04	-0.01	-0.01	0.06	-1.34	0.6	0.96	- -
Cash & Equivalents per Share	0.66	0.51	0.42	- -	3.24	3.1	4.2	- -
Book Value per Share	0.08	-0.17	-0.85	- -	0.72	1.1	2.76	- -
Tangible Book Value per Share	0.57	-0.97	-1	- -	0.91	1.14	4.48	- -

Ardent Health Partners, LLC

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)