I have revised my initial relative valuation model for North American Telehealth companies, specifically JNH, DOC, and WELL.
If you refer to the summary table at the bottom, it shows the relative values of each company in relation to the industry average multiples for EV/SALES and EV/EBITDA.
What I did here was take an average of the EV/SALES and EV/EBITDA multiple, and compare that average valuation with the current share prices of each company to come up with an implied return %.
Some of you may not be pleased with these results but this is a relative valuation model, not a fortune telling device.
- SmallCapInvestor AKA @numbersguy