Chemed Corp Stock Buy Hold or Sell Recommendation
| CHE Stock | USD 617.95 1.44 0.23% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Chemed Corp is 'Strong Hold'. Macroaxis provides Chemed Corp buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding CHE positions. The advice algorithm takes into account all of Chemed Corp's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Chemed Corp's buy or sell advice are summarized below:
Real Value 552.45 | Target Price 592 | Hype Value 617.67 | Market Value 617.95 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Chemed Corp given historical horizon and risk tolerance towards Chemed Corp. When Macroaxis issues a 'buy' or 'sell' recommendation for Chemed Corp, the advice is generated through an automated system that utilizes algorithms and statistical models.
Chemed |
Execute Chemed Corp Buy or Sell Advice
The Chemed recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Chemed Corp. Macroaxis does not own or have any residual interests in Chemed Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Chemed Corp's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Hold
Market Performance | Modest | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Chemed Corp Trading Alerts and Improvement Suggestions
| The company has 155.11 M in debt with debt to equity (D/E) ratio of 0.38, which is OK given its current industry classification. Chemed Corp has a current ratio of 0.7, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Chemed Corp until it has trouble settling it off, either with new capital or with free cash flow. So, Chemed Corp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Chemed Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Chemed to invest in growth at high rates of return. When we think about Chemed Corp's use of debt, we should always consider it together with cash and equity. | |
| Over 97.0% of Chemed Corp shares are held by institutions such as insurance companies | |
| On 15th of March 2024 Chemed Corp paid $ 0.4 per share dividend to its current shareholders | |
| Latest headline from finance.yahoo.com: Heres Why You Should Retain Chemed Stock for Now |
Chemed Corp Returns Distribution Density
The distribution of Chemed Corp's historical returns is an attempt to chart the uncertainty of Chemed Corp's future price movements. The chart of the probability distribution of Chemed Corp daily returns describes the distribution of returns around its average expected value. We use Chemed Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Chemed Corp returns is essential to provide solid investment advice for Chemed Corp.
| Mean Return | 0.04 | Value At Risk | -1.54 | Potential Upside | 2.00 | Standard Deviation | 1.21 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Chemed Corp historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Chemed Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Chemed Corp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Chemed Corp backward and forwards among themselves. Chemed Corp's institutional investor refers to the entity that pools money to purchase Chemed Corp's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Wellington Management Company Llp | 2023-12-31 | 232.5 K | Td Asset Management Inc | 2023-12-31 | 205.8 K | Massachusetts Financial Services Company | 2023-12-31 | 203.1 K | Btim Corp | 2023-12-31 | 199.1 K | Victory Capital Management Inc. | 2023-12-31 | 188.7 K | Timessquare Capital Management, Llc | 2023-12-31 | 184.2 K | Northern Trust Corp | 2023-12-31 | 183.7 K | Fidelity International Ltd | 2023-12-31 | 168.1 K | Fmr Inc | 2023-12-31 | 164.8 K | Vanguard Group Inc | 2023-12-31 | 1.7 M | Blackrock Inc | 2023-12-31 | 1.4 M |
Chemed Corp Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (1.8M) | 367K | (3.0M) | (162K) | (1.7M) | (1.6M) | |
| Change In Cash | 1.3M | 156.5M | (129.8M) | 41.2M | 189.8M | 199.3M | |
| Free Cash Flow | 248.2M | 430.5M | 249.9M | 252.6M | 273.4M | 287.1M | |
| Depreciation | 45.2M | 56.6M | 59.1M | 59.2M | 60.9M | 30.9M | |
| Other Non Cash Items | 7.7M | 4.2M | (7.8M) | 37.9M | 13.3M | 8.8M | |
| Dividends Paid | 19.8M | 21.1M | 22.0M | 22.0M | 23.5M | 16.4M | |
| Capital Expenditures | 53.0M | 58.8M | 58.7M | 57.3M | 56.9M | 33.5M | |
| Net Income | 219.9M | 319.5M | 268.6M | 249.6M | 272.5M | 286.1M | |
| End Period Cash Flow | 6.2M | 162.7M | 32.9M | 74.1M | 264.0M | 277.2M | |
| Change To Netincome | 26.0M | 32.2M | 7.5M | 34.2M | 39.4M | 41.3M | |
| Change Receivables | (5.6M) | (19.2M) | 12.8M | (8.4M) | (9.7M) | (10.2M) | |
| Net Borrowings | (3.1M) | (99.8M) | 196.9M | (99.4M) | (114.3M) | (108.6M) | |
| Investments | (190.8M) | (61.6M) | (57.8M) | (59.4M) | (68.5M) | (71.9M) |
Chemed Corp Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Chemed Corp or Health Care Providers & Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Chemed Corp's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Chemed stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.02 | |
β | Beta against NYSE Composite | 0.70 | |
σ | Overall volatility | 1.23 | |
Ir | Information ratio | -0.04 |
Chemed Corp Volatility Alert
Chemed Corp has relatively low volatility with skewness of 1.28 and kurtosis of 5.57. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Chemed Corp's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Chemed Corp's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Chemed Corp Fundamentals Vs Peers
Comparing Chemed Corp's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Chemed Corp's direct or indirect competition across all of the common fundamentals between Chemed Corp and the related equities. This way, we can detect undervalued stocks with similar characteristics as Chemed Corp or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Chemed Corp's fundamental indicators could also be used in its relative valuation, which is a method of valuing Chemed Corp by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Chemed Corp to competition |
| Fundamentals | Chemed Corp | Peer Average |
| Return On Equity | 0.29 | -0.31 |
| Return On Asset | 0.14 | -0.14 |
| Profit Margin | 0.12 % | (1.27) % |
| Operating Margin | 0.19 % | (5.51) % |
| Current Valuation | 9.22 B | 16.62 B |
| Shares Outstanding | 15.14 M | 571.82 M |
| Shares Owned By Insiders | 2.39 % | 10.09 % |
| Shares Owned By Institutions | 96.79 % | 39.21 % |
| Number Of Shares Shorted | 451.55 K | 4.71 M |
| Price To Earning | 25.42 X | 28.72 X |
| Price To Book | 8.45 X | 9.51 X |
| Price To Sales | 4.13 X | 11.42 X |
| Revenue | 2.26 B | 9.43 B |
| Gross Profit | 765.09 M | 27.38 B |
| EBITDA | 403.69 M | 3.9 B |
| Net Income | 272.51 M | 570.98 M |
| Cash And Equivalents | 74.13 M | 2.7 B |
| Cash Per Share | 0.65 X | 5.01 X |
| Total Debt | 155.11 M | 5.32 B |
| Debt To Equity | 0.38 % | 48.70 % |
| Current Ratio | 0.71 X | 2.16 X |
| Book Value Per Share | 73.69 X | 1.93 K |
| Cash Flow From Operations | 330.3 M | 971.22 M |
| Short Ratio | 5.34 X | 4.00 X |
| Earnings Per Share | 17.92 X | 3.12 X |
| Price To Earnings To Growth | 2.63 X | 4.89 X |
| Target Price | 690.0 | |
| Number Of Employees | 15.09 K | 18.84 K |
| Beta | 0.42 | -0.15 |
| Market Capitalization | 9.35 B | 19.03 B |
| Total Asset | 1.76 B | 29.47 B |
| Retained Earnings | 2.45 B | 9.33 B |
| Working Capital | 188.79 M | 1.48 B |
Note: Acquisition by Kevin McNamara of 1081 shares of Chemed Corp at 586.49 subject to Rule 16b-3 [view details]
Chemed Corp Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Chemed . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Chemed Corp Buy or Sell Advice
When is the right time to buy or sell Chemed Corp? Buying financial instruments such as Chemed Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 323.5M | 247.0M | 155.1M | 148.7M | Total Assets | 1.3B | 1.4B | 1.8B | 1.8B |
Use Investing Ideas to Build Portfolios
In addition to having Chemed Corp in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Health Management Thematic Idea Now
Health Management
Major hospitals and healthcare providers. The Health Management theme has 46 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Health Management Theme or any other thematic opportunities.
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Check out Chemed Corp Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade Chemed Stock refer to our How to Trade Chemed Stock guide.Note that the Chemed Corp information on this page should be used as a complementary analysis to other Chemed Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Chemed Stock analysis
When running Chemed Corp's price analysis, check to measure Chemed Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chemed Corp is operating at the current time. Most of Chemed Corp's value examination focuses on studying past and present price action to predict the probability of Chemed Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chemed Corp's price. Additionally, you may evaluate how the addition of Chemed Corp to your portfolios can decrease your overall portfolio volatility.
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Is Chemed Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Chemed Corp. If investors know Chemed will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Chemed Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.432 | Dividend Share 1.56 | Earnings Share 17.92 | Revenue Per Share 150.46 | Quarterly Revenue Growth 0.072 |
The market value of Chemed Corp is measured differently than its book value, which is the value of Chemed that is recorded on the company's balance sheet. Investors also form their own opinion of Chemed Corp's value that differs from its market value or its book value, called intrinsic value, which is Chemed Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Chemed Corp's market value can be influenced by many factors that don't directly affect Chemed Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Chemed Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chemed Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chemed Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.