DaVita Inc.DVANYSE
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Executive Summary
Latest Data: Dec 2025Healthcare•Medical - Care Facilities
$10.1BLarge Cap
A large-scale business, operating profitably valued in line with the market.
Key Investment Themes
Mature business (6% growth)
Business Narrative
DaVita Inc. provides kidney dialysis services for patients suffering from chronic kidney failure. The company operates kidney dialysis centers and provides related lab services in outpatient dialysis centers.
HealthcareMedical - Care Facilities
Mature & Stable
high confidence
Revenue Mix
Single segment business
Company at a Glance
Business Performance
Key Highlights
Positive Signals
- Conservative balance sheet with low debt levels
Watch Areas
- Trading 33% above 5-year average valuation
Financial Health
Liquidity
Watch
Current Ratio1.29
1.0-2.0 = Adequate
Cash & Equivalents$758M
Leverage
Watch
Debt / Equity-23.12
<1.0 = Low leverage
Interest Coverage3.66x
2-5x = Adequate
Efficiency
Concern
Return on Equity-114.7%
<8% = Weak
Return on Capital10.6%
8-15% = Fair
Valuation Assessment
Market Cap
$10.1B
Large Cap
P/E (TTM)
17.3x
In-line
vs 5Y avg: 13.0x (+33%)
P/S (TTM)
0.7x
Discounted
vs 5Y avg: 0.8x (-11%)
EV/EBITDA
9.2x
Discounted
vs 5Y avg: 9.0x
(+2%)
(+2%)
P/E Historical Range (5Y)
Min: 12.2xAvg: 13.0xNow: 17.3xMax: 13.8x
P/S Historical Range (5Y)
Min: 0.6xAvg: 0.8xNow: 0.7xMax: 1.0x
EV/EBITDA Historical Range (5Y)
Min: 8.7xAvg: 9.0xNow: 9.2xMax: 9.5x
Valuation Corridor
CHEAP
FCF Yield
13.0%
vs Cost of Capital ~8.0% = Strong
P/E Corridor (5Y)17.3x
12.2xFair: 12.3x-13.7x13.8x
P/S Corridor (5Y)0.7x
0.6xFair: 0.6x-1.0x1.0x
EV/EBITDA Corridor (5Y)9.2x
8.7xFair: 8.7x-9.3x9.5x
Detailed Financials
Comprehensive financial statement data for deep analysis
| Metric | Dec 21 | Dec 22 | Dec 23 | Dec 24 | Dec 25 |
|---|---|---|---|---|---|
| Return on Equity | - | - | - | - | - |
| Return on Invested Capital | - | - | - | - | - |
| Gross Margin | 31.4% | 29.3%↓6.7% | 31.5%↑7.4% | 32.9%↑4.6% | 27.0%↓17.9% |
| Operating Margin | 15.5% | 11.5%↓25.4% | 13.2%↑14.5% | 16.3%↑23.6% | 14.7%↓9.7% |
| Net Margin | 8.4% | 4.8%↓42.7% | 5.7%↑18.0% | 7.3%↑28.3% | 5.5%↓25.1% |
| Earnings Yield | - | - | - | - | - |
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