Intrinsic Value of HealthStream, Inc. (HSTM)

Previous Close$21.99
Intrinsic Value
Upside potential
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This valuation is based on fiscal year data as of 2022-12-31 and quarterly data as of 2023-06-30.

  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

show cash flow forecast


Fiscal year2022(a)2023202420252026202720282029203020312032203320342035203620372038203920402041204220432044204520462047


Revenue growth rate, %3.9NaN
Revenue, $267NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m254NaN
Operating income, $m12NaN
Interest expense (income), $mNaN
Earnings before tax, $m16NaN
Tax expense, $m3NaN
Net income, $m12NaN


Cash and short-term investments, $m54NaN
Total assets, $m498NaN
Adjusted assets (=assets-cash), $m444NaN
Average production assets, $m290NaN
Working capital, $m-3NaN
Total debt, $m26NaN
Total liabilities, $m164NaN
Total equity, $m334NaN
Debt-to-equity ratio0.078NaN
Adjusted equity ratio0.638NaN


Net income, $m12NaN
Depreciation, amort., depletion, $m49NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m51NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-2NaN
Free cash flow, $m53NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m-3
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN

Company description

HealthStream, Inc. provides workforce and provider solutions for healthcare organizations in the United States. It offers workforce solutions, including software-as-a-service (SaaS) based services and subscription-based solutions to meet the range of its clinical development, talent management, training, education, certification, scheduling, competency assessment, performance appraisal, and other needs, as well as implementation, training, account management services. The company also provides applications for learning, performance appraisal, competency management, disclosure management, clinical assessment and development, simulation-based education, quality management, and industry training. In addition, it offers VerityStream that delivers enterprise-class solutions to transform the healthcare provider experience for ambulatory surgery centers, urgent care facilities, clinics, medical groups, and other healthcare organizations; EchoCredentialing and MSOW platforms that manage medical staff credentialing, enrollment, and privileging processes for hospitals; and EchoOneApp, a provider enrollment platform for medical groups. Further, the company provides CredentialMyDoc, a credentialing and enrollment SaaS solution for medical groups and surgery centers; and CredentialStream, a SaaS-based provider credentialing, privileging, and enrollment solution. It offers its solutions in healthcare industry companies that include private, not-for-profit, and government entities, as well as pharmaceutical and medical device companies through direct sales teams. The company was incorporated in 1990 and is headquartered in Nashville, Tennessee.