dentalcorp Holdings Ltd

DNTL

Equity

ISIN CA24874B1085 / Valor 111405816

Toronto Stock Exchange (2024-09-18)

CAD 8.17-1.80%

dentalcorp Holdings Ltd
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About company

Dentalcorp Holdings Ltd is a prominent Canadian company that specializes in acquiring and partnering with leading dental practices across the country. Its business model is centered on providing these practices with a comprehensive range of resources, support, and advanced technology to maintain high standards of oral care. Additionally, Dentalcorp offers continuous education and skill development opportunities for its team members through the DC Institute, ensuring that dental professionals within its network remain at the cutting edge of their field. The company also operates a proprietary online directory, hellodent, which facilitates the connection between patients and Dentalcorp-affiliated dental practices. This platform emphasizes convenience and choice, allowing patients to easily find trusted dental care providers in their local area.

Summarized from source with an LLMView SourceSector: Healthcare

Revenue Growth

Dentalcorp Holdings Ltd. reported revenue of $399.8 million for the second quarter of 2024, marking an 8.6% increase compared to the same period in 2023. This growth was partly driven by a Same Practice Revenue Growth of 2.0%.

Adjusted EBITDA

The company achieved an Adjusted EBITDA of $73.9 million in Q2 2024, which represents a 10.3% increase over the second quarter of 2023. The Adjusted EBITDA Margin also saw an improvement, rising to 18.5%, up by 0.3% from the previous year.

Adjusted Free Cash Flow

Dentalcorp Holdings Ltd. generated an Adjusted Free Cash Flow of $40.7 million in the second quarter of 2024, reflecting a significant 21.1% increase compared to Q2 2023. This contributed to a reduction in leverage levels for the third consecutive quarter.

Practice Acquisitions

During Q2 2024, Dentalcorp Holdings Ltd. acquired nine new practices, which are expected to generate $6.2 million in PF Adjusted EBITDA after rent. These acquisitions were self-funded for the fifth consecutive quarter.

Third Quarter 2024 Outlook

For the third quarter of 2024, Dentalcorp Holdings Ltd. anticipates revenue growth of 8% to 10% compared to Q3 2023, with Same Practice Revenue Growth expected to be between 3.5% and 4.5%. The Adjusted EBITDA Margin is projected to remain consistent with the third quarter of 2023.

Summarized from source with an LLMView Source

Key figures

28.1%1Y

-54.1%3Y

%5Y

Performance

34.5%1Y

41.2%3Y

40.5%5Y

Volatility