Professional
Added to YB: 2021-01-15
Pitch date: 2021-01-15
JYNT [bullish]
The Joint Corp.
-70.09%
current return
Author Info
1 Main Capital is a long-biased investment partnership that invests primarily in high-quality, attractively valued, growing businesses. Visit their fund website.
Company Info
The Joint Corp. operates and is a franchisor and operator of chiropractic clinics in the United States.
Market Cap
$118.9M
Pitch Price
$29.49
Price Target
N/A
Dividend
N/A
EV/EBITDA
36.92
P/E
100.45
EV/Sales
1.77
Sector
Health Care Providers and Services
Category
growth
1 Main Holdings top position: The Joint (JYNT)
JYNT: Rapidly growing chiropractic franchisor with 600 clinics. Convenient, affordable care model with high patient satisfaction. Doctors see 3x patients vs traditional, average spend $29/visit. Corporate locations generate 50% ROIC, 3yr payback. Franchise 35% ROIC, 3.5yr payback. Accelerating corporate store growth to drive 5x EBITDA & EPS growth in 3-5yrs to $50M & $2. Sees 1800+ clinics in NA vs 50k market. Upside remains.
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