USPH - U.S. Physical Therapy Inc.: Unique Value Proposition Backed By Market Crosscurrents
- U.S. Physical Therapy Inc. presents a unique value proposition, backed by market crosscurrents that look attractive to share prices in FY2021.
- Fundamentally, USPH continues to put the balance sheet to effective use, completing 4 transactions on acquisition targets since January 2020 alone.
- Management looks set on acquisition-style expansion, which adds to the value proposition, by estimation.
- Short-term price target of $143 reflects normalised 3-year FCF multiples of 20X on FY2021 FCF estimates of $93 million.
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U.S. Physical Therapy Inc.: Unique Value Proposition Backed By Market Crosscurrents