AKUMIN INC chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 7.72
Dividend & YieldN/AC$ (N/A)
Beta 0.97
Market capitalization 217.4M
Operating cash flow 35.37M
ESG Scores unknown

Company description

Akumin Inc. provides outpatient diagnostic imaging services in the United States. It operates in two segments, Radiology and Oncology. The company offers various medical imaging services, including magnetic resonance imaging, computed tomography, positron emission tomography, nuclear medicine, mammography, ultrasound, digital radiography, fluoroscopy, and other diagnostic or interventional radiology procedures through a network of approximately 200 owned and/or operated imaging locations. It provides outpatient radiology, and oncology services and solutions to approximately 1,000 hospitals and health systems across 46 states. Akumin Inc. was founded in 2015 and is headquartered in Plantation, Florida.

Sector: Healthcare - Industry: Diagnostics & Research

Financial Ratios
Quick Ratio1.13
Working Capital-2.06
Return On Equity-0.41
Debt To Equity11.39
Fixed Asset Ratio0.24
Fixed Interest Cover0.22

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities -2.46M 1.37M 9.04M 4.13M
Total Cashflows From Investing Activities -45.05M -231.11M -9.01M -779.17M
Net Borrowings 35.3M 237.82M 33.25M 792.71M
Total Cash From Financing Activities 45.81M 222.59M 11.4M 766.14M
Change To Operating Activities -1.05M -1.28M 3.23M 4.18M
Issuance Of Stock 35.7M 1.31M 10.51M 10.51M
Net Income 5M 9.43M -36.74M -43.29M
Change In Cash 7.18M 4.06M 21.01M 4.02M
Effect Of Exchange Rate
Total Cash From Operating Activities 6.42M 12.58M 18.61M 17.05M
Depreciation 9.82M 15.56M 17.06M 44.9M
Change To Account Receivables -15.52M -25.24M -3.08M 12.31M
Other Cashflows From Financing Activities -25.19M -16.54M -21.85M -37.07M
Change To Netincome 10.6M 12.72M 25.87M -6.68M
Capital Expenditures -9.74M -12.45M -5.34M -17.87M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 6.05M 15.36M -33.59M -65.2M
Net Income 5M 9.43M -36.74M -43.29M
Selling General Administrative 51.48M 21.69M 24.98M 32.21M
Gross Profit 85.83M 81.32M 64.97M 93.56M
Ebit 18.79M 40.49M 20.85M 13.82M
Operating Income 18.79M 40.49M 20.85M 13.82M
Interest Expense -5.98M -20.78M -32.78M -62.58M
Income Tax Expense -1.53M 3.74M 562k -30.39M
Total Revenue 154.78M 247.44M 245.63M 421.08M
Cost Of Revenue 68.95M 166.11M 180.65M 327.52M
Total Other Income ExpenseNet -12.75M -25.13M -54.44M -79.03M
Net Income From Continuing Ops 7.57M 11.63M -34.16M -34.81M
Net Income Applicable To Common Shares 5M 9.43M -36.74M -43.29M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 134.37M 525.94M 579.88M 1.6B
Total Stockholder Equity 103.94M 152.52M 80.83M 105.19M
Other Current Liabilities 7.53M 7.77M 2.4M
Total Assets 240.78M 683M 665.05M 1.92B
Common Stock 123.75M 152M 160.97M 228.59M
Other Current Assets 1.44M 7.03M
Retained Earnings -26.64M -6.36M -80.13M -123.42M
Treasury Stock 1.74M 2.03M 18k
Cash 19.33M 23.39M 44.4M 48.42M
Total Current Liabilities 20.58M 48.56M 52M 164.18M
Other Stockholder Equity 1.74M 2.03M 18k
Property, Plant, and Equipment 55.57M 202.61M 190.78M 453.69M
Total Current Assets 50.19M 110.18M 111.09M 185.16M
Net Tangible Assets -30.27M -215.72M -277.53M -1.15B
Net Receivables 29.81M 82.87M 62.26M 121.53M
Accounts Payable 14.9M 21.71M 16.21M 34.33M


Insider Transactions

Here are the insider transactions of stock shares related to AKUMIN INC:

Filer Name Transaction Text Ownership Date Filer Relation Shares
KRETSCHMER R. DAVIDPurchase at price 1.33 - 1.38 per share.D2022-08-30Chief Financial Officer11.84k
KRETSCHMER R. DAVIDPurchase at price 1.07 - 1.16 per share.D2022-08-19Chief Financial Officer20k
LEE MURRAY CPAPurchase at price 1.10 - 1.43 per share.D/I2022-08-18Director26k
SCW CAPITAL MANAGEMENT, L.P.Purchase at price 0.52 per share.I2022-07-21Beneficial Owner of more than 10% of a Class of Security3.07M
SCW CAPITAL MANAGEMENT, L.P.Sale at price 0.52 per share.I2022-07-21Beneficial Owner of more than 10% of a Class of Security3.07M
VIVIANO PAUL SD2022-03-31Director114.16k
HUANG HAICHEND2022-03-31Director114.16k
WYPER JAMESD2022-03-31Director114.16k
DAVIES THOMAS CLIFFORD CPAD2022-03-31Director114.16k
DUNFORD STANLEY GEORGED2022-03-31Director114.16k
WEBB JAMES HAROLDD2022-03-31Director114.16k
LEE MURRAY CPAD2022-03-31Director114.16k
SCW CAPITAL MANAGEMENT, L.P.Sale at price 0.97 - 1.00 per share.I2022-03-09Beneficial Owner of more than 10% of a Class of Security20.3k
SCW CAPITAL MANAGEMENT, L.P.Purchase at price 1.66 per share.I2022-01-07Beneficial Owner of more than 10% of a Class of Security75k
SCW CAPITAL MANAGEMENT, L.P.Sale at price 1.66 per share.I2022-01-07Beneficial Owner of more than 10% of a Class of Security75k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to AKUMIN INC. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on AKUMIN INC

Here is the result of two systematic investment strategies applied to AKUMIN INC. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on AKUMIN INC

The following chart shows the equity curve of the two systematic investment strategies applied to AKUMIN INC:

AKUMIN INC automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -67.17% on the backtest period.

Performance at glance

Performance

-67.17 %

Latent gain

-1342.77 C$

Invested capital

1999.09 C$

Annualized return

-17.77 %
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Momentum strategy results on AKUMIN INC

This is the result of two momentum investment strategies applied to AKUMIN INC. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on AKUMIN INC

The following chart shows all the entries opened by the momentum investment system on AKUMIN INC:

AKUMIN INC momentum entries
  • The first momentum investment strategy would give -65.7% of return on AKUMIN INC. That represents -2957.74C$ of latent gain with 4502.22C$ of employed capital.
  • The second momentum investment strategy would give -64.45% of return on AKUMIN INC. That represents -1930.64C$ of latent gain with 2995.76C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-65.7 %

Latent gain

-2957.74 C$

Invested capital

4502.22 C$

Annualized return

-26.22 %
Performance at glance (2Q Momentum)

Performance

-64.45 %

Latent gain

-1930.64 C$

Invested capital

2995.76 C$

Annualized return

-19.53 %

Momentum equity curve on AKUMIN INC

The following chart shows the equity curve of the two momentum strategies applied to AKUMIN INC:

AKUMIN INC momentum equity

Note: the dividends potentially given by AKUMIN INC are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on AKUMIN INC

The following chart shows the employed capital evolution of the two momentum strategies on AKUMIN INC since the beginning:

AKUMIN INC

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250C$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000C$.


Buy the dip strategy result on AKUMIN INC

Buy the dip entry openings on AKUMIN INC

AKUMIN INC

The performance achieved by the robo-advisor on AKUMIN INC is -46.67%. That represents -116.62$ of latent gain with 249.9C$ of employed capital. The following chart shows AKUMIN INC stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of AKUMIN INC, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

-46.67 %

Latent gain

-116.62 C$

Invested capital

249.9 C$

Annualized return

-26.22 %

Equity curve of the strategy applied to AKUMIN INC

The following chart shows the result of the investment strategy applied to AKUMIN INC:

AKUMIN INC

Note: the dividends potentially given by AKUMIN INC are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on AKUMIN INC

The following chart shows the employed capital evolution since the beginning of the investment strategy on AKUMIN INC:

AKUMIN INC

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on AKUMIN INC

In this section, I will compare the three previous investment strategies applied to AKUMIN INC.

Equity curve comparison on AKUMIN INC

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

AKUMIN INC investment strategy comparison

Employed capital comparison on AKUMIN INC

AKUMIN INC investment comparison

Performance comparison on AKUMIN INC

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -67.17% -1342.77C$ 1999.09C$ -17.77%
Momentum 1 quarter -65.7% -2957.74C$ 4502.22C$ -18.56%
Momentum 2 quarters -64.45% -1930.64C$ 2995.76C$ -19.53%
Non-directional -46.67% -116.62C$ 249.9C$ -26.22%
Annualized return comparison

Automatic investment

-17.77 %

Momentum 1Q

-19.53 %

Momentum 2Q

-19.53 %

Non-directional

-26.22 %

Correlated stocks

Here are the most positively and negatively correlated stocks with AKUMIN INC:

Positive correlations

Most correlated stocks this year

  • AKUMIN INC

  • Most correlated stocks last 3 months

  • AKUMIN INC

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months

  • SEMBCORP MARINE
  • HONG LEONG ASIA
  • First US Bancshares Inc

  • Note: The algorithm computes the probability of correlation between AKUMIN INC and the other stocks. There may be false positives or some missing correlated stocks. If the price of AKUMIN INC does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name AKUMIN INC
    Country United States
    City Plantation
    Address 8300 West Sunrise Boulevard
    Phone 954 577 6000
    Website www.akumin.com
    FullTime employees
    Industry Diagnostics & Research
    Sector Healthcare
    Exchange XTSE
    Ticker AKU.XTSE
    Market

    AKUMIN INC ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown