Valuation
26% of the score, 28% here after data gaps
19median 13
CorVel Corporation is valued at 21.9x its operating profit, including debt: a rich multiple.
25x
20x
15x
10x
6x
21.9x
Full points at 6x or less, none from 25xfull points
CRVLCorVel Corporation
$73.92-18% 1Y
$73.92
$46.0052 weeks$88.21
RyuScore
Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
RyuScore 67 out of 100, Above average
Above average. CorVel Corporation scores higher than 79% of the 1,794 companies Ryufin scores.
Carried by return on capital and return on new capital, held back by valuation and cycle position.
Financial Services median 58 · all companies 50
Return on capital
18% of the score, 20% here after data gaps
100median 34
Over 7 years the business earned 46% a year after tax on the capital it uses.
2%
8%
15%
25%
46%
None at 2% or less, full points from 25%full points
7 years agolatest 62%
Return on new capital
16% of the score, 17% here after data gaps
95median 49
For every dollar of operating profit earned over 6 years, yearly profit grew by 11 cents. New capital earned 110%, and 10% of profit went back into the business.
-5%
12%
11%
None at minus 5 cents, full points from 12 centsfull points
Capital allocation
14% of the score, 15% here after data gaps
86median 64
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countDown 1.1% a year over 5 years: buybacks
765%
-3%
-1.1%
0 pointsfull points
Assets against salesAssets grew 8.6% a year, sales 12%
10012%
-2%
-3%
0 pointsfull points
Cycle position
12% of the score, 13% here after data gaps
44median 62
Today's operating margin of 15% is 1.26x its normal 12%: above its usual level. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.
2x
1.5x
1x
0.7x
1.3x
A trough earns points, a peak costs themfull points
10 years agonow 15%
Balance sheet
Taken out: its 8% is shared by the others
n/ano data
No debt or interest figures on file.
Earnings quality
6% of the score, 7% here after data gaps
99median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
Cash against profitOperating cash flow was 1.36x profit over 3 years
1000.7x
1x
1.3x
1.4x
0 pointsfull points
AccrualsCash ran ahead of profit by 7.6% of assets
988%
0%
-8%
-7.6%
0 pointsfull points
How the RyuScore works
Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. For CRVL, balance sheet could not be measured from the filings, so it is taken out and the remaining weights scale up.
Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there.