Our analysis is based on comparing Digirad Corp. with the following peers – RadNet, Inc., American Shared Hospital Services, Fonar Corporation, Community Health Systems, Inc., Tenet Healthcare Corporation, Concord Medical Services Holding Ltd. ADR and iCAD, Inc. (RDNT-US, AMS-US, FONR-US, CYH-US, THC-US, CCM-US and ICAD-US).
Dividend Quality Overview
- Over the last twelve months (prior to September 30, 2017), DRAD-US paid a low quality dividend, which represents a yield of 8.57% at the current price.
- Dividend quality trend has not been consistent over the last five years. Dividends were paid during 4 of these years — of these 2 were high quality and 2 were low quality.
- The ending cash balance is less than the last full year dividend payment and cannot be relied on to cushion any significant reduction of cash flows in the future.
Quadrant label definitions. Hover to know more
Over the last twelve months (prior to September 30, 2017), DRAD-US paid a low quality dividend.
The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 1.99x), investing cash flow (coverage of -0.55x), issuance cash flow (coverage of -0.75x) and twelve-month prior cash (coverage of 0.96x), for a total dividend coverage of 1.38x.
DRAD-US’s issuance cash flow includes outflows from net debt repayment (coverage of -1.45x).
These coverage ratio factors imply that the firm had to dip into the beginning cash balance to pay the dividend, which suggests a low dividend quality.
|Dividend Yield (%)||0||1.35||4.57||3.41||3.93||8.57|
|Dividend Payout (%)||0||1000||153.85||18.18||28.17||-36.21|
A complete list of metrics and analysis is available on the company page.
Digirad Corp. engages in the design and development of diagnostic imaging solutions. It operates through the Imaging Solutions and Diagnostic Imaging segments. The Imaging Solutions segment offers in-office nuclear cardiology imaging and ultrasound services to physician practices, hospitals, and imaging centers. The Diagnostic Imaging segment sells medical diagnostic imaging systems, such as gamma cameras for nuclear cardiology and general nuclear medicine applications. The company founded in 1997 and is headquartered in Suwanee, GA.
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