Stock Analysis on Net

HCA Healthcare Inc. (NYSE:HCA)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 3, 2022.

Price to Sales (P/S)
since 2011

Microsoft Excel

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Calculation

HCA Healthcare Inc., P/S, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of HCA Healthcare Inc. Annual Report.


Share Price Trends
The share price showed a consistent upward trend over the period analyzed. Beginning at $26.74 in February 2012, it increased steadily year over year, reaching $244.10 by February 2022. Notable increments occurred in the later years, particularly from 2018 onwards, indicating growing market confidence or improved company performance.
Sales Per Share Patterns
Sales per share also displayed a positive trajectory, rising from $67.83 in 2012 to $193.52 in 2022. While growth was somewhat steady, there was a slight plateau around 2020 and 2021, with values at $151.69 and $151.60 respectively, before accelerating again in the final year. This suggests strong operational performance with minor interruptions or stabilization phases.
Price-to-Sales Ratio (P/S) Analysis
The P/S ratio increased from 0.39 in 2012 to 1.26 in 2022, indicating that the market valuation relative to sales per share has grown substantially. Although the ratio fluctuated slightly during the years — decreasing in 2016 and 2020 — the general progression reflects heightened investor valuation multiples, possibly due to improved profitability expectations, market conditions, or perceived growth potential.
Overall Insights
Over the ten-year horizon, both share price and sales per share exhibited robust growth, with the share price showing a particularly strong increase relative to sales per share. The rising P/S ratio confirms increasing market optimism towards the company, potentially signaling enhanced market positioning or investor confidence. The temporary stabilization in sales per share around 2020–2021 might indicate external challenges or strategic shifts, but the subsequent rebound underscores resilience.

Comparison to Competitors

HCA Healthcare Inc., P/S, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).


Comparison to Sector (Health Care Equipment & Services)

HCA Healthcare Inc., P/S, long-term trends, comparison to sector (health care equipment & services)

Microsoft Excel

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).


Comparison to Industry (Health Care)

HCA Healthcare Inc., P/S, long-term trends, comparison to industry (health care)

Microsoft Excel

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).