CYH - Embedded Expectations Analysis - 2020 09 18
Community Health Systems Inc. (CYH:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) earnings, with a 17.3x Uniform P/E. Even at these levels, the market has bullish expectations for the firm, but management may be concerned about patient care access, growth opportunities, and their coronavirus plansSpecifically, management may lack confidence in their ability to ensure the safety of their patients, manage the clinical and operational aspects of a large-scale pandemic, and provide care access to the community while continuing to monitor for new coronavirus cases. Furthermore, they may be exaggerating the benefits incurred from their early-stage coronavirus planning and the effectiveness of their internally developed coronavirus tracking dashboard. Finally, they may have concerns about the continued negative impact of the crisis on their revenues, and they may lack confidence in their ability to further invest in growth opportunities
Community Health Systems is a holding company. Through its subsidiaries, the company operates general acute care hospitals and outpatient facilities. The company provides healthcare services through the hospitals that it owns and operates and affiliated businesses in non-urban and selected urban markets. Services provided through the company's hospitals and affiliated businesses include general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric and rehabilitation services. The company also provides additional outpatient services at urgent care centers, occupational medicine clinics, imaging centers, cancer centers and ambulatory surgery centers.
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