MDRX Investment Analysis Report & Stock Research, Allscripts-Misys Healthcare Solutions, Inc.

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Allscripts-Misys Healthcare Solutions, Incorporated (MDRX)

MDRX Stock Report

2-Year Price History

Recent Price
(7/6 4:00PM) -2.0%
$15.33
52-Week Price
$4.20 - $16.67
Market Capitalization
$2.2 Billion
Dividend Yield
0.00%
Most Recent Dividend
$0.00

Ockham's Rating

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MDRX Revenue

As we have often noted, in our valuation methodology, "Cash is King." Well, it goes without saying that if a company cannot produce sales then there is no ability to generate cash flow. By that logic we look very closely at revenue numbers as our second most important factor in valuing a company's stock. We have established reasonable Price to Sales per share ranges based on historical data of the last 10 years. For, MDRX the high and low end of the Price to Sales per share ratios are 6.07x and 2.10x respectively.

Notice that MDRX's current Price to Sales per share ratio is 2.31x, which is quite a bit below what we consider a normal Price to Sales ratio for this stock. Given normal conditions and a price of $15.65, MDRX is 44% below where we would expect to see it. This will beneficially factor into our final analysis of MDRX as it is not often that this stock sinks to these levels.

MDRX Cash Earnings

As the old saying goes, "Cash is King!" However, we prefer to capture a few other items within our analysis to identify "cash earnings". Nevertheless, an analysis of Cash Earnings is absolutely pivotal to assessing a company's value, and currently MDRX is significantly above their historical average multiples of Cash Earnings, as calculated by our proprietary analysis. It is incredibly important to understand that for MDRX, the current level of Cash Earnings compared to its historical levels helps identify where MDRX is in relation to what the investing community was willing to pay for this level of Cash Earnings in the past. With a historical high Cash Earnings per share ratio of 55.48 and a historical low Cash Earnings per share ratio of 20.53, an investor can relate where value becomes optimal.

Just recall that when a stock's price, as in the cases of MDRX, is significantly elevated to the level of Cash Earnings being generated, the market has already priced in much of that value. For example, the historical average for MDRX's Price to Cash Earnings ratio is 42% below the current ratio of 53.97. That is not an insignificant amount, and diminishes our overall outlook on MDRX. However, you need to review several areas of a company's potential, and as management would point out, one metric is not the end-all-be-all of any analysis.

MDRX Dividends

While it is not necessary to pay an attractive dividend or a dividend at all, to receive a positive rating from Ockham, we view dividends as an additionally helpful measure in determining the future potential of any company. As of the time of this report, our data provider does not have historical data for MDRX. Therefore, we are not utilizing the dividends portion in our study. So, we do not know whether MDRX currently pays a dividend at present or not, we have an "expected dividend" payment listed in key fundamentals but cannot varify it.

Peer Comparison

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Allscripts-Misys Healthcare Solutions, Inc. Industry Grouping

(7/2/2009)
Company Ticker Market Cap (Ml) Latest
Price
Price/Cash Earnings Price/Sales 5-Yr. Rev.
Growth Rate
5-Yr.
Avg. ROE.
Current 10-Yr. Range* Current 10-Yr. Range*
Peer Company Averages (not incuding MDRX) 11.43 5.71 » 25.51 2.23 1.07 » 4.49 13.18% 15.95%
*10 year range does not include current year values
Konami Corp ADS KNM $2.6 Billion $18.91 7.39 4.99 » 19.34 0.78 0.53 » 2.09 7.06% 12.58%
Sybase, Inc. SY $2.5 Billion $30.46 10.19 3.42 » 23.19 2.29 0.89 » 3.02 7.79% 13.10%
FactSet Research Systems, Inc. FDS $2.3 Billion $49.35 13.71 8.65 » 31.68 3.78 2.26 » 8.97 20.96% 27.78%
Allscripts-Misys Healthcare Solutions, Inc. MDRX $2.2 Billion $15.65 53.97 14.48 » 68.90 2.31 0.73 » 47.93 29.04% 4.71%
Interactive Data Corp. IDC $2.1 Billion $22.65 10.68 3.33 » 20.13 2.67 0.90 » 5.21 11.14% 11.72%
Micros Systems, Inc. MCRS $2.0 Billion $24.72 15.17 8.14 » 33.23 1.63 0.77 » 3.18 18.98% 14.58%
>
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The latest TV Media Discussion

6:20:43 PM MDRX $15.30 Allscripts-Misys Healthcare Solutions, Inc.
Mad Money
10 days ago (06/26)
“…I bring up a piece of research from deutsche bank which says sell. It says in a press release announcing its earnings call, MDRX announced it expects fourth quarter and fiscal year 2009 slightly above. Our take, we'll spare names because I am a benevolent guy. It is tough to discern the …” …more details…
6:41:26 PM MDRX $14.38 Allscripts-Misys Healthcare Solutions, Inc.
Mad Money
12 days ago (06/24)
“…I'm calling on allscript. >> you cougar, you snp aren't they the cougars? I went to ut in austin. Anyway, i'm calling on allscript, MDRX. It's had a 20% increase in the i'm just wondering what's moving the stock and when do I get out? >> people are saying this is the …” …more details…
6:46:24 PM MDRX $12.26 Allscripts-Misys Healthcare Solutions, Inc.
Mad Money
5/18/2009 6:46 PM
“…Good san diego boo-yah for you. >> man, that's a sweet one. California, florida, we've got all the bases covered. Hey, how about a kobe boo-yah? Looked pretty good yesterday. >> caller: hey, man, i'm calling about MDRX. I was wondering if you think I could ride it out. I hopped in at about $9.07 -- >> you know what, that stock is on the move again because the president's deeply committed to the health care reform, of which MDRX is a big part of it. But I don't want you to be greedy you're now up 33%. Using cramer's rules, let's take a little off the table. I want you to schnitzel 33% of that. With a little more of the house's money. …” …more details…
6:52:06 PM MDRX $8.90 Allscripts-Misys Healthcare Solutions, Inc.
Mad Money
2/26/2009 6:52 PM
“…I am a little conflicted with regard to health care solutions. I have had a nice run of about 25% to date. I want to avoid being a big. MDRX does appear to be one of the few winners from the pelosi what are your thoughts regarding the stimulus plan and MDRX? >> it doesn't matter. We are in sell mode. For all I know, obama is going to say they made too much money. I want you out of that stock. …” …more details…
6:42:46 PM MDRX $9.23 Allscripts-Misys Healthcare Solutions, Inc.
Mad Money
2/13/2009 6:42 PM
“…>> caller: also driving the family crazy with the bobblehead. >> caller: okay, here's my I want to take advantage of the potential of the centrally computerized medical records do we like MDRX? >> we not only like MDRX, but let me get this fella's name, because he's been on the show a number of times, and he's our guy, man. We like glen tollman, he's been on a number of times. …” …more details…
View All Allscripts-Misys Healthcare Solutions, Inc. News

Key Fundamentals

MDRX - Allscripts-Misys Healthcare Solutions, Incorporated Fundamentals
Price (7/6 4:00PM) $15.33
Volume (7/6 4:00PM) 1.4 Million
Last Close Price $15.65
10 Day Average Volume 3.6 Million
13 Week Price Range $10.12 - $16.67
52 Week Price Range $4.20 - $16.67
LTM Revenue $281.9 Million
 
Shares Outstanding (12/2007) 142.6 Million
Market Capitalization $2.2 Billion
Shares Held By Institutions 59.0 Million
Institutional Holders 187
% Shares Held By Institutions 41.40%
Earnings Per Share (EPS) $0.35
P/E Ratio 44.70
Book Value Per Share $5.04
 
Gross Margin 53.70%
Annual Dividend 0.00
Dividend Yield 0.00%
Beta 1.91
Fiscal Year Ends December

About Allscripts-Misys Healthcare Solutions, Inc.

Allscripts-Misys Healthcare Solutions, Incorporated is considered to operate in the Technology sector. They specifically operate in the Healthcare Infomation Services business segment contained within the Computer Software & Services industry.

The Company is a provider of clinical software, connectivity and information solutions that physicians use to improve the quality of healthcare.

NASDAQ 1787.4

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