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HealthStream

Nasdaq:HSTM
Snowflake Description

Flawless balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HSTM
Nasdaq
$784M
Market Cap
  1. Home
  2. US
  3. Healthcare
Company description

HealthStream, Inc. provides workforce and provider solutions for healthcare organizations in the United States. The last earnings update was 37 days ago. More info.


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HSTM Share Price and Events
7 Day Returns
6.3%
NasdaqGS:HSTM
2.4%
US Healthcare Services
-4.1%
US Market
1 Year Returns
-14.8%
NasdaqGS:HSTM
16.3%
US Healthcare Services
-14.9%
US Market
HSTM Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
HealthStream (HSTM) 6.3% -3.4% -10.5% -14.8% 2.5% -5.8%
US Healthcare Services 2.4% -4.3% -2.4% 16.3% 61.9% 36.3%
US Market -4.1% -19.1% -23.4% -14.9% 3.5% 14.5%
1 Year Return vs Industry and Market
  • HSTM underperformed the Healthcare Services industry which returned 16.3% over the past year.
  • HSTM matched the United States of America Market (-14.9%) over the past year.
Price Volatility
HSTM
Industry
5yr Volatility vs Market
Related Companies

Value

 Is HealthStream undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of HealthStream to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for HealthStream.

NasdaqGS:HSTM Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:HSTM
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Healthcare Services Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.974 (1 + (1- 21%) (4.28%))
1.005
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.005 * 5.44%)
7.21%

Discounted Cash Flow Calculation for NasdaqGS:HSTM using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for HealthStream is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGS:HSTM DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.21%)
2020 30.50 Analyst x1 28.45
2021 20.37 Analyst x2 17.72
2022 29.30 Analyst x1 23.78
2023 32.90 Analyst x1 24.91
2024 36.50 Analyst x1 25.77
2025 39.12 Est @ 7.19% 25.77
2026 41.30 Est @ 5.55% 25.37
2027 43.12 Est @ 4.41% 24.71
2028 44.67 Est @ 3.61% 23.88
2029 46.04 Est @ 3.05% 22.96
Present value of next 10 years cash flows $243.00
NasdaqGS:HSTM DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $46.04 × (1 + 1.74%) ÷ (7.21% – 1.74%)
$856.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $856.82 ÷ (1 + 7.21%)10
$427.25
NasdaqGS:HSTM Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $243.00 + $427.25
$670.25
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $670.25 / 32.38
$20.7
NasdaqGS:HSTM Discount to Share Price
Calculation Result
Value per share (USD) From above. $20.70
Current discount Discount to share price of $24.20
= -1 x ($24.20 - $20.70) / $20.70
-16.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of HealthStream is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for HealthStream's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are HealthStream's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:HSTM PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.44
NasdaqGS:HSTM Share Price ** NasdaqGS (2020-04-02) in USD $24.2
United States of America Healthcare Services Industry PE Ratio Median Figure of 12 Publicly-Listed Healthcare Services Companies 39.64x
United States of America Market PE Ratio Median Figure of 2,944 Publicly-Listed Companies 12.5x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of HealthStream.

NasdaqGS:HSTM PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:HSTM Share Price ÷ EPS (both in USD)

= 24.2 ÷ 0.44

55.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • HealthStream is overvalued based on earnings compared to the US Healthcare Services industry average.
  • HealthStream is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does HealthStream's expected growth come at a high price?
Raw Data
NasdaqGS:HSTM PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 55.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
-36.3%per year
United States of America Healthcare Services Industry PEG Ratio Median Figure of 11 Publicly-Listed Healthcare Services Companies 3.11x
United States of America Market PEG Ratio Median Figure of 2,008 Publicly-Listed Companies 0.91x

*Line of best fit is calculated by linear regression .

NasdaqGS:HSTM PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 55.18x ÷ -36.3%

-1.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • HealthStream earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on HealthStream's assets?
Raw Data
NasdaqGS:HSTM PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $10.44
NasdaqGS:HSTM Share Price * NasdaqGS (2020-04-02) in USD $24.2
United States of America Healthcare Services Industry PB Ratio Median Figure of 38 Publicly-Listed Healthcare Services Companies 3.36x
United States of America Market PB Ratio Median Figure of 5,142 Publicly-Listed Companies 1.22x
NasdaqGS:HSTM PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:HSTM Share Price ÷ Book Value per Share (both in USD)

= 24.2 ÷ 10.44

2.32x

* Primary Listing of HealthStream.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • HealthStream is good value based on assets compared to the US Healthcare Services industry average.
X
Value checks
We assess HealthStream's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Healthcare Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Healthcare Services industry average (and greater than 0)? (1 check)
  5. HealthStream has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is HealthStream expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-36.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is HealthStream expected to grow at an attractive rate?
  • HealthStream's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.7%.
Growth vs Market Checks
  • HealthStream's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • HealthStream's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:HSTM Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:HSTM Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts -36.3%
NasdaqGS:HSTM Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 2.2%
United States of America Healthcare Services Industry Earnings Growth Rate Market Cap Weighted Average 23.8%
United States of America Healthcare Services Industry Revenue Growth Rate Market Cap Weighted Average 14.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:HSTM Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:HSTM Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 294 2
2023-12-31 273 2
2022-12-31 254 2
2021-12-31 237 36 7 4
2020-12-31 251 24 11 6
2020-04-03
NasdaqGS:HSTM Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 254 66 14
2019-09-30 251 67 14
2019-06-30 249 65 13
2019-03-31 242 51 14
2018-12-31 232 43 13
2018-09-30 227 40 13
2018-06-30 222 39 12
2018-03-31 218 39 11
2017-12-31 215 47 9
2017-09-30 218 45 5
2017-06-30 222 47 5
2017-03-31 224 35 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • HealthStream's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • HealthStream's revenue is expected to grow by 2.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:HSTM Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from HealthStream Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:HSTM Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 0.20 0.35 0.08 3.00
2020-12-31 0.31 0.38 0.23 5.00
2020-04-03
NasdaqGS:HSTM Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.44
2019-09-30 0.42
2019-06-30 0.41
2019-03-31 0.45
2018-12-31 0.41
2018-09-30 0.42
2018-06-30 0.38
2018-03-31 0.34
2017-12-31 0.28
2017-09-30 0.17
2017-06-30 0.15
2017-03-31 0.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if HealthStream will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess HealthStream's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
HealthStream has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has HealthStream performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare HealthStream's growth in the last year to its industry (Healthcare Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • HealthStream's year on year earnings growth rate has been positive over the past 5 years.
  • HealthStream's 1-year earnings growth is less than its 5-year average (7.1% vs 11.7%)
  • HealthStream's earnings growth has not exceeded the US Healthcare Services industry average in the past year (7.1% vs 23.3%).
Earnings and Revenue History
HealthStream's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from HealthStream Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:HSTM Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 254.11 14.20 78.46 29.11
2019-09-30 251.24 13.57 77.40 28.35
2019-06-30 248.72 13.15 75.95 27.75
2019-03-31 241.95 14.40 72.83 26.66
2018-12-31 231.62 13.25 69.82 25.74
2018-09-30 227.06 13.49 70.36 25.37
2018-06-30 221.88 12.19 70.32 24.77
2018-03-31 217.79 10.76 70.12 24.37
2017-12-31 214.90 8.84 70.09 24.15
2017-09-30 218.37 5.36 69.51 25.30
2017-06-30 221.99 4.79 71.17 26.56
2017-03-31 223.86 3.96 71.96 27.65
2016-12-31 192.12 4.79 65.39 24.23
2016-09-30 223.10 5.88 71.05 29.08
2016-06-30 218.57 7.33 67.42 28.02
2016-03-31 215.92 7.40 66.97 26.59
2015-12-31 209.00 8.62 63.88 24.21
2015-09-30 198.48 9.46 59.88 21.07
2015-06-30 189.17 10.28 57.96 19.08
2015-03-31 179.50 11.17 53.49 17.56
2014-12-31 170.69 10.39 52.01 16.46
2014-09-30 162.40 9.51 49.88 15.22
2014-06-30 151.53 8.37 46.69 14.21
2014-03-31 140.98 8.43 44.35 12.70
2013-12-31 132.27 8.42 42.10 11.76
2013-09-30 123.06 8.48 38.72 10.88
2013-06-30 115.78 8.16 36.17 9.94

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • HealthStream has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • HealthStream used its assets less efficiently than the US Healthcare Services industry average last year based on Return on Assets.
  • HealthStream has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess HealthStream's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Healthcare Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
HealthStream has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is HealthStream's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up HealthStream's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • HealthStream is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • HealthStream's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of HealthStream's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • HealthStream has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from HealthStream Company Filings, last reported 3 months ago.

NasdaqGS:HSTM Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 338.17 0.00 172.87
2019-09-30 333.89 0.00 172.64
2019-06-30 329.67 0.00 161.59
2019-03-31 325.14 0.00 146.93
2018-12-31 318.95 0.00 168.82
2018-09-30 315.69 0.00 174.31
2018-06-30 312.19 0.00 165.54
2018-03-31 309.04 0.00 195.37
2017-12-31 300.17 0.00 131.12
2017-09-30 295.66 0.00 123.40
2017-06-30 292.62 0.00 115.69
2017-03-31 289.76 0.00 115.30
2016-12-31 286.11 0.00 103.17
2016-09-30 286.39 0.00 100.57
2016-06-30 284.08 0.00 138.81
2016-03-31 282.14 0.00 150.48
2015-12-31 280.32 0.00 148.99
2015-09-30 278.76 0.00 144.81
2015-06-30 271.90 0.00 139.90
2015-03-31 171.05 28.00 64.38
2014-12-31 167.86 0.00 120.97
2014-09-30 161.24 0.00 116.42
2014-06-30 157.16 0.00 111.76
2014-03-31 154.32 0.00 102.00
2013-12-31 149.43 0.00 108.20
2013-09-30 143.26 0.00 104.70
2013-06-30 138.74 0.00 101.43
  • HealthStream has no debt.
  • HealthStream has no debt compared to 5 years ago when it was 0.2%.
  • HealthStream has no debt, it does not need to be covered by operating cash flow.
  • HealthStream has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess HealthStream's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. HealthStream has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is HealthStream's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from HealthStream dividends.
If you bought $2,000 of HealthStream shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate HealthStream's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate HealthStream's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:HSTM Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Global Healthcare Services Industry Average Dividend Yield Market Cap Weighted Average of 29 Stocks 0.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1941 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:HSTM Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2020-04-03

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as HealthStream has not reported any payouts.
  • Unable to verify if HealthStream's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of HealthStream's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as HealthStream has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess HealthStream's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can HealthStream afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. HealthStream has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of HealthStream's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bobby Frist
COMPENSATION $602,395
AGE 52
TENURE AS CEO 30.3 years
CEO Bio

Mr. Robert A. Frist, Jr., also known as Bobby, is a Co-founder of Healthstream, Inc. and has been its Chief Executive Officer since 1990. Mr. Frist has been the Chairman at Healthstream, Inc. since 1990. He served as President of Healthstream, Inc. from 2001 to May 15, 2018. He serves as a Director at Hearing Planet Inc. and HealthLeaders Inc. He serves as a Member of Advisory Board at The Breakaway Group. He served as Director of Adventure Science Center. He graduated with a Bachelor of Science in business with concentrations in finance, economics and marketing from Trinity University.

CEO Compensation
  • Bobby's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Bobby's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the HealthStream management team in years:

2.8
Average Tenure
50.5
Average Age
  • The tenure for the HealthStream management team is about average.
Management Team

Bobby Frist

TITLE
Chairman & CEO
COMPENSATION
$602K
AGE
52
TENURE
30.3 yrs

J. Pearson

TITLE
President & COO
COMPENSATION
$696K
AGE
56
TENURE
1.9 yrs

Jeff Cunningham

TITLE
Senior VP & CTO
COMPENSATION
$482K
AGE
52
TENURE
2.8 yrs

Michael Sousa

TITLE
Senior Vice President
COMPENSATION
$729K
AGE
50
TENURE
5.8 yrs

Scott Roberts

TITLE
CFO and Senior VP of Accounting & Finance
AGE
42
TENURE
1.2 yrs

Mollie Condra

TITLE
Vice President of Investor Relations & Communications

Michael Collier

TITLE
Senior VP of Corporate Development
AGE
43
TENURE
8.7 yrs

Scott Fenstermacher

TITLE
Head of Sales & VP
TENURE
2.8 yrs

Trisha Coady

TITLE
Senior VP & GM of Clinical Solutions
AGE
43
TENURE
1.4 yrs

Michael McQuigg

TITLE
Senior Vice President of hStream Solutions
AGE
51
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the HealthStream board of directors in years:

18.3
Average Tenure
63
Average Age
  • The average tenure for the HealthStream board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Tom Dent

TITLE
Lead Independent Director
COMPENSATION
$98K
AGE
69
TENURE
5.3 yrs

Bobby Frist

TITLE
Chairman & CEO
COMPENSATION
$602K
AGE
52
TENURE
30.3 yrs

Frank Gordon

TITLE
Independent Director
COMPENSATION
$92K
AGE
56
TENURE
18.3 yrs

Michael Shmerling

TITLE
Independent Director
COMPENSATION
$90K
AGE
64
TENURE
15.3 yrs

Jeff McLaren

TITLE
Independent Director
COMPENSATION
$90K
AGE
52
TENURE
30.3 yrs

William Stead

TITLE
Independent Director
COMPENSATION
$90K
AGE
70
TENURE
22.3 yrs

Linda Rebrovick

TITLE
Independent Director
COMPENSATION
$90K
AGE
63
TENURE
19.3 yrs

C. Harris

TITLE
Independent Director
COMPENSATION
$90K
AGE
63
TENURE
10.3 yrs

Deborah Tate

TITLE
Independent Director
COMPENSATION
$90K
AGE
62
TENURE
10.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
01. Nov 19 Sell Deborah Tate Individual 31. Oct 19 31. Oct 19 -6,495 $28.29 $-183,738
12. Aug 19 Sell Jeffrey McLaren Individual 12. Aug 19 12. Aug 19 -5,000 $28.58 $-142,907
16. May 19 Sell C. Harris Individual 15. May 19 15. May 19 -1,116 $25.72 $-28,699
X
Management checks
We assess HealthStream's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. HealthStream has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is HealthStream, Inc.'s (NASDAQ:HSTM) High P/E Ratio A Problem For Investors?

The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for HealthStream: P/E of 64.73 = $26.31 ÷ $0.41 (Based on the trailing twelve months to June 2019.) Is A High Price-to-Earnings Ratio Good? … NasdaqGS:HSTM Price Estimation Relative to Market, August 29th 2019 Its relatively high P/E ratio indicates that HealthStream shareholders think it will perform better than other companies in its industry classification. … HealthStream saw earnings per share improve by -6.9% last year.

Simply Wall St -

The Director of HealthStream, Inc. (NASDAQ:HSTM), Jeffrey McLaren, Just Sold -26.051164% Of Their Holding

View our latest analysis for HealthStream HealthStream Insider Transactions Over The Last Year Notably, that recent sale by Jeffrey McLaren is the biggest insider sale of HealthStream shares that we've seen in the last year. … NasdaqGS:HSTM Recent Insider Trading, August 14th 2019 Insider Ownership of HealthStream Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. … HealthStream insiders own about US$188m worth of shares (which is 20% of the company).

Simply Wall St -

I Built A List Of Growing Companies And HealthStream (NASDAQ:HSTM) Made The Cut

You can't deny that HealthStream has grown its earnings per share at a very impressive rate. … Although HealthStream certainly looks good to me, I would like it more if insiders were buying up shares. … If you like to see insider buying, too, then this free list of growing companies that insiders are buying, could be exactly what you're looking for.

Simply Wall St -

Why HealthStream, Inc.’s (NASDAQ:HSTM) Return On Capital Employed Looks Uninspiring

Author Edwin Whiting says to be careful when comparing the ROCE of different businesses, since 'No two businesses are exactly alike.' How Do You Calculate Return On Capital Employed? … Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for HealthStream: 0.04 = US$15m ÷ (US$476m - US$98m) (Based on the trailing twelve months to June 2019.) Therefore, HealthStream has an ROCE of 4.0%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

Did HealthStream, Inc.'s (NASDAQ:HSTM) Recent Earnings Growth Beat The Trend?

Today I will examine HealthStream, Inc.'s (NASDAQ:HSTM) latest earnings update (31 March 2019) and compare these figures against its performance over the past couple of years, in addition to how the rest of HSTM's industry performed. … Let's see if it is only owing to an industry uplift, or if HealthStream has experienced some company-specific growth. … You should continue to research HealthStream to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for HSTM’s future growth?

Simply Wall St -

Is HealthStream, Inc. (NASDAQ:HSTM) Excessively Paying Its CEO?

First, this article will compare CEO compensation with compensation at similar sized companies. … View our latest analysis for HealthStream How Does Bobby Frist's Compensation Compare With Similar Sized Companies? … A first glance this seems like a real positive for shareholders, since Bobby Frist is paid less than the average total compensation paid by similar sized companies.

Simply Wall St -

Does HealthStream, Inc.'s (NASDAQ:HSTM) P/E Ratio Signal A Buying Opportunity?

The formula for price to earnings is: Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS) Or for HealthStream: P/E of 56.9 = $25.35 ÷ $0.45 (Based on the trailing twelve months to March 2019.) Is A High Price-to-Earnings Ratio Good? … Earnings growth means that in the future the 'E' will be higher. … NasdaqGS:HSTM Price Estimation Relative to Market, May 21st 2019 Its P/E ratio suggests that HealthStream shareholders think that in the future it will perform about the same as other companies in its industry classification.

Simply Wall St -

Is HealthStream, Inc.'s (NASDAQ:HSTM) ROE Of 4.4% Concerning?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every $1 worth of shareholders' equity, it generated $0.044 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Does HealthStream's (NASDAQ:HSTM) Share Price Gain of 26% Match Its Business Performance?

(NASDAQ:HSTM) share price return of 26% over three years lags the market return in the same period. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … HealthStream was able to grow its EPS at 13% per year over three years, sending the share price higher.

Simply Wall St -

Why HealthStream, Inc.’s (NASDAQ:HSTM) Return On Capital Employed Might Be A Concern

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Company Info

Description

HealthStream, Inc. provides workforce and provider solutions for healthcare organizations in the United States. It operates through two segments, Workforce Solutions and Provider Solutions. The company offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the training, certification, assessment, development, clinical development, talent management, performance appraisal, and other needs, as well as training, implementation, and account management services for the healthcare community. It also provides applications for recruiting and applicant tracking, learning, performance appraisal, compensation management, succession planning, competency management, disclosure management, clinical development, simulation-based education, and industry-sponsored training. In addition, the company offers Verity, a SaaS-based credentialing, privileging, and enrollment solution. It provides its solutions to private, not-for-profit, and government entities, as well as pharmaceutical and medical device companies. The company was founded in 1990 and is headquartered in Nashville, Tennessee.

Details
Name: HealthStream, Inc.
HSTM
Exchange: NasdaqGS
Founded: 1990
$783,589,732
32,379,741
Website: http://www.healthstream.com
Address: HealthStream, Inc.
500 11th Avenue North,
Suite 1000,
Nashville,
Tennessee, 37203,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS HSTM Common Stock Nasdaq Global Select US USD 11. Apr 2000
DB HL5 Common Stock Deutsche Boerse AG DE EUR 11. Apr 2000
BRSE HL5 Common Stock Berne Stock Exchange CH CHF 11. Apr 2000
Number of employees
Current staff
Staff numbers
863
HealthStream employees.
Industry
Health Care Technology
Healthcare
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 05:03
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2020/03/11
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.