$14.90
+4.6%Alignment Healthcare, Inc., a tech-enabled Medicare advantage company, operates consumer-centric health care platform. It provides customized health care in the United States to seniors and those who need it through its Medicare advantage plans. The company owns Medicare advantage plans in the states of California, North Carolina, and Nevada. It also coordinates and provides covered health care services, including professional, institutional, and ancillary services to members enrolled in certain benefit plans of unaffiliated Medicare Advantage Health Maintenance Organizations. The company was founded in 2013 and is based in Orange, California.
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
Base year metrics used for projections
Forecast period and terminal assumptions
Calculation flow from present value to intrinsic value per share
Operating Cash Flow - Maintenance CapEx = Owner Earnings
| Metric | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $279.9M | $559.7M | $1.1B | $2.2B | $4.5B | $9.0B | $17.9B | $35.8B | $71.6B | $143.3B |
| Maintenance CapEx | -$10.7M | -$21.4M | -$42.8M | -$85.7M | -$171.4M | -$342.8M | -$685.6M | -$1.4B | -$2.7B | -$5.5B |
| Owner Earnings | $269.1M | $538.3M | $1.1B | $2.2B | $4.3B | $8.6B | $17.2B | $34.5B | $68.9B | $137.8B |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $249.2M | $461.5M | $854.6M | $1.6B | $2.9B | $5.4B | $10.1B | $18.6B | $34.5B | $63.8B |
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