企業概要
SelectQuote, Inc. operates a technology-enabled, direct-to-consumer distribution and engagement platform that facilitates the sale of insurance policies and healthcare services across the United States market. The company functions within the Financial Services sector, specifically categorized under the Insurance Brokers industry, which implies a business model focused on intermediating insurance products rather than underwriting risk directly. Its operational scale is defined by a market capitalization of $115.05M, annual revenue of $1.62B, and a workforce comprising 4,269 employees. These financial figures indicate that while the company generates substantial top-line revenue in the billions, its market valuation remains relatively modest compared to its revenue base, suggesting a positioning as a high-growth or niche player within the broader insurance brokerage landscape rather than a mature, mega-cap utility.
財務健全性
The company reports revenue of $1.62B for the trailing twelve months, net income of $19.57M, and EBITDA of $58.33M, revealing a significant gap between gross revenue and bottom-line profit that underscores a substantial cost structure involving operational overhead and potentially high sales commissions. Despite generating $23.99M in free cash flow, which provides a baseline for financial flexibility to fund operations or potential capital allocations, the company carries a total debt load of $436.06M against $18.32M in cash, resulting in a debt-to-equity ratio of 70.37 that characterizes a highly leveraged balance sheet. The profitability analysis shows a gross margin of 35.0%, an operating margin of 14.0%, and a profit margin of 4.8%, indicating that while the core business retains significant value after direct costs, operating expenses consume a large portion of that value, leaving a thin margin for the final profit. Liquidity is supported by a current ratio of 1.81, which suggests the company holds sufficient current assets to cover its short-term liabilities without immediate distress. However, the return on equity stands at 16.4% while the return on assets is only 2.3%, a disparity that highlights how the high leverage amplifies shareholder returns but also exposes the asset base to significant financial risk.
バリュエーション評価
Valuation metrics present a complex picture with a trailing P/E ratio listed as N/A due to recent earnings contraction, while the forward P/E stands at 3.11, implying that the market prices in a significant expected recovery in earnings relative to current depressed levels. The price-to-book ratio is 0.32, indicating that the market values the company at less than one-third of its book value, which suggests the market is pricing in substantial intangible asset risks or expects future profitability challenges. Alternative valuation measures include a price-to-sales ratio of 0.07 and an EV/EBITDA of 13.59, where the extremely low multiple relative to sales suggests the stock is undervalued on a revenue basis but reflects the current earnings volatility. Historical price data shows a 52-week high of $3.73 and a 52-week low of $0.56, meaning the stock has experienced extreme volatility within a range of nearly 667% over the last year. The beta value of 1.35 indicates that the stock's price volatility is 35% higher than the broader market, reflecting the high sensitivity of this specific financial services stock to market swings.
Growth & Income
Growth dynamics are mixed with revenue growth year-over-year at 11.6% while earnings growth year-over-year is -12.6%, demonstrating that earnings are growing significantly slower than revenue, which implies that revenue expansion is currently being offset by declining profitability or increased costs per unit. The company does not pay a dividend, evidenced by a dividend yield of N/A and a payout ratio of 0.0%, indicating that the firm retains all earnings rather than distributing them to shareholders. This retention strategy suggests the management prioritizes reinvesting capital into the technology platform or business segments to fuel future growth rather than providing immediate income to investors. Consequently, the overall profile presents a high-revenue growth stock with negative earnings growth and no income distribution, relying entirely on capital appreciation potential driven by future operational improvements.