Description
This is our first report on cloud-based tech service provider, HealthEquity. The company recently released its third quarter 2024 earnings where it reported double-digit YoY revenue growth of 15%, in addition to impressive growth rates of 30% for adjusted EBITDA, 12% for HSA (health savings account) assets, 8% for HSA members, and fairly conservative 5% for total accounts by the end of Q3. Notably, total accounts reached 15.3 million. Despite uncertainties, such as negative market action, which resulted in the sequential reduction of invested HSA assets by $0.6 billion, HealthEquity reported that HSA members continued to invest their assets, thereby partially offsetting market declines.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures
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