BFYT

Benefytt Technologies Inc

Healthcare, Finance/Real Estate


Presented:01/15/2020
Price:$20.20
Cap:$0.25B
Current Price:$31.00
Cap:$0.38B

Presented

Date01/15/2020
Price$20.20
Market Cap$0.25B
Ent Value$0.49B
P/E Ratio18.2x
Book Value$6.34
Div Yield0%
Shares O/S12.30M
Ave Daily Vol692,813
Short Int131.10%

Current

Price$31.00
Market Cap$0.38B
Health Insurance Innovations, Inc. engages in the distribution of individual and family health insurance plans. It offers short-term medical; accident, sickness, and hospital; ancillary; lifestyle and discount services; and dental insurance plans. The company was founded by Michael W. Kosloske in 2008 and is headquartered in Tampa, FL.

Please note, on 3/6/20 Health Insurance Innovations, Inc. (HIIQ) changed its company name and ticker to Benefytt Technologies Inc (BFYT). The content of this idea will make reference to the original company name and ticker symbol.

Publicly traded companies mentioned herein: Health Insurance Innovations (HIIQ), eHealth Inc (EHTH), Prudential Financial Inc (PRU), Willis Towers Watson PLC (WLTW)

Highlights

The presenter is long shares of Health Insurance Innovations (HIIQ), a web-based, supplemental insurance provider with a ~$280M market cap. He sees upside due to the company’s pivot from a short term medical (STM) play into a top 5 Medicare Advantage (MA) technology platform, and is bullish on the company’s fundamentals as well as the potential for a strategic acquisition of the company. On the back of these catalysts, the presenter models significant upside from the current $20 per share and offers 3 different scenarios for valuation: sum of the parts/revenue model ($74 - $84); industry revenue and EBITDA comps ($99 - $169) and Medicare Advantage enrollments based on eHealth enrollments ($52- $132). 

HIIQ is pivoting to MA from STM, while the STM business is good in that it generates cash, it also carries risk going into an election year in the event of an Elizabeth Warren or Bernie Sanders presidency. 

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.