Surgery Partners Inc. (SGRY) exhibits 41.0% gross margins and 9.9% return on invested capital within Health Care (Hospital/Nursing Management), balanced against a 9.7x enterprise multiple and 6.9% implied options volatility.
Sustained 41.0% gross profitability converts into 45.8% operating margin and 9.9% ROIC, outpacing sector cost of capital.
ROIC: 9.9% // GM: 41.0%YoY revenue trajectory of +6.6% paired with 6.44% free cash flow yield supports self-funded R&D and capital return.
REV YOY: +6.6% // FCF YLD: 6.44%Altman Z-Score of 0.67 and Piotroski F-Score of 8/9 indicate low near-term refinancing stress.
ALTMAN Z: 0.67 // F-SCORE: 8/9Trading at 24.0x trailing P/E (22.0x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 24.0x // EV/EBITDA: 9.7xOptions market prices a ±6.9% implied move with a 0.77 put/call ratio around $23.00 max pain.
IMPL MOVE: ±6.9% // P/C: 0.77Elevated industry capital intensity and customer concentration in Hospital/Nursing Management require continuous execution to defend -9.2% net margins.
NET MARGIN: -9.2% // D/E: 0.96x| FILER | SIDE | $ VALUE |
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| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
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| INSPECT GEX & CHAIN IN OPT <GO> | ||
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