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CHE

Chemed Corporation
$520.15
+1.72% Oct 22 close
Health CareS&P 400 CompareTechnicals
-17%-6%+5%+16%+27%Oct 2025Oct 2026Apr 202652w high $557.0052w low $365.21
CHESPY
1W
+0.9%
1M
+4.7%
3M
+3.5%
6M
+36.2%
YTD
+22.1%
1Y
+19.0%

Health check

Financial health
DistressGrey zoneSafe
Safe zone
Altman Z-score 10.4
Above 2.99 is the safe zone, below 1.81 the distress zone.
Quality
WeakAverageStrong
Average
Piotroski F-score 5 of 9
See the tests
  • ✓Positive net income
  • ✓Positive operating cash flow
  • ✗Return on assets improved
  • ✓Cash flow above net income
  • ✗Long-term debt / assets fell
  • ✗Current ratio improved
  • ✓No share dilution
  • ✗Gross margin improved
  • ✓Asset turnover improved

Computed by Coteau from the company's SEC filings (latest balance sheet Jun 30, 2026). Descriptive, not a forecast.

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What they do

Chemed Corporation provides hospice and palliative care services to patients through a network of physicians, doctors, registered nurses, home health aides, social workers, clergy, and volunteers primarily in the United States. The company operates through two segments: VITAS and Roto-Rooter segments. The company offers plumbing, drain cleaning, excavation, water restoration.

Healthcare · Medical Care Facilities

For information only · Important disclosures

Grades vs sector

Momentum
50th percentile in sector
C+
12-1 return: +17.7%
Percentile within its GICS sector across the S&P 1500.
Growth
52nd percentile in sector
C+
Revenue growth (YoY): +8.8%
Percentile within its GICS sector across the S&P 1500.
Value
45th percentile in sector
C
Forward E/P: 5.4% · EBITDA/EV: 6.0%
Percentile within its GICS sector across the S&P 1500.
Profitability
72nd percentile in sector
B+
Profit margin: +10.6% · Return on equity: +27.1%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Systematic Models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
Outside this model's universe or screens
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
3 Healthcare Stocks That Concern Us
StockStory · Oct 19

Key stats

Market value$6.7B
P/E (last 12 months)25.7
P/E (next 12 months, estimated)18.6
52-week range$365.21 – $557.00
Revenue growth (latest quarter vs a year ago)+8.8%
Dividend yield0.54%
Average analyst price target$571.60 (+10%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Leans undervalued
Model read-out from the numbers below, not advice. Score +2 (DCF counts double).
▲DCF (base case)above the price by 45%
•Forward P/E vs sector18.6x vs median 17.6x
•Piotroski F-score5/9
▲Altman Z10.4 (safe)
▲Net debt / EBITDA0.3x
•Analyst target+10% (5 analysts)

Discounted cash flow

Bear
$428
-18%
growth 2% · disc. 8.0% · term. 2.0%
Base
$755
+45%
growth 7% · disc. 7.0% · term. 2.5%
Bull
$1,342
+158%
growth 10% · disc. 6.0% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal
Today's price assumes free cash flow grows about 1% a year for 10 years.
Implied
+1%/yr
FCF, last 3 yrs
+9%/yr
FCF, last 5 yrs
-5%/yr
Revenue, last 3 yrs
+6%/yr
Revenue, last 5 yrs
+4%/yr
Same inputs as the DCF above: trailing free cash flow 0.3B, 7.0% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 0.51 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Health Care

P/E (trailing)
sector median 29.9× · 40th pct
25.7×
cheaper
Forward P/E
sector median 17.6× · 56th pct
18.6×
pricier
EV / EBITDA
sector median 15.8× · 53rd pct
16.3×
pricier
Price / sales
sector median 3.1× · 42nd pct
2.6×
cheaper
Price / book
sector median 3.5× · 82nd pct
8.0×
pricier
FCF yield
sector median 4.1% · 59th pct
4.8%
cheaper

Forward EPS $27.52 vs trailing $19.88 (+38% expected growth). Forward P/E uses analysts' next-12-month estimate.

Quality & financial health

Gross margin
33.1%
Operating margin
13.5%
FCF margin
12.5%
Net margin
10.6%
Return on equity
33.1%
Return on invested capital
27.8%
Net debt / EBITDA
0.3×
Current ratio
0.9×
Interest cover
106.5×
Cash conversion (OCF/NI)
1.4×
Piotroski F-score 5/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✗ Long-term debt / assets fell✗ Current ratio improved✓ No share dilution✗ Gross margin improved✓ Asset turnover improved

Altman Z-score 10.4 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target
$572
+10%
Analysts
5
None
Range
$520–$650
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$2.5B$265.2M$325.5M
2024$2.4B$302.0M$368.0M
2023$2.3B$272.5M$273.4M
2022$2.1B$249.6M$252.6M
2021$2.1B$268.6M$249.9M
2020$2.1B$319.5M$430.5M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +5.8%.

Earnings

Next report: 2026-10-27 · after close · EPS est 6.44
24-1025-0225-0425-0725-1026-0226-0426-070.007.03
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-07-285.606.06+8.2%
2026-04-235.305.65+6.6%
2026-02-257.036.42-8.7%
2025-10-285.375.27-1.8%
2025-07-294.984.27-14.3%
2025-04-235.555.63+1.5%
2025-02-266.786.83+0.7%
2024-10-295.765.64-2.1%

Quarterly revenue

QuarterRevenueYoY
2026-03-31$657.5M+1.6%
2025-12-31$639.3M–
2025-09-30$624.9M–
2025-06-30$618.8M–
2025-03-31$646.9M–
Rating changes
Initiated
2026-09-25 · UBS started covering CHE at Buy
Reiterated
2026-07-31 · Oppenheimer reiterated Outperform on CHE
Reiterated
2026-07-30 · RBC Capital reiterated Sector Perform on CHE
Reiterated
2026-07-09 · B of A Securities reiterated Neutral on CHE
Reiterated
2026-04-27 · RBC Capital reiterated Sector Perform on CHE
Downgrade
2026-02-27 · RBC Capital downgraded CHE from Outperform to Sector Perform

Third-party analyst actions, not Coteau's views. All rating changes

Recent dividends

2026-08-17: $0.700 · 2026-05-28: $0.600 · 2026-02-23: $0.600 · 2025-11-17: $0.600 · 2025-08-11: $0.600 · 2025-05-29: $0.500 · 2025-02-24: $0.500 · 2024-11-18: $0.500
Insider trades
Mcnamara Kevin J
Director, president and CEO · 2026-09-28
Sell
$1.0M
Mcnamara Kevin J
Director, president and CEO · 2026-09-18
Sell
$1.0M
Mcnamara Kevin J
Director, president and CEO · 2026-08-21
Sell
$1.1M
Lee Spencer S
executive vice president · 2026-08-21
Sell
$541.0K
Mcnamara Kevin J
Director, president and CEO · 2026-08-03
Sell
$1.1M
Grace Patrick P
Director · 2026-07-31
Sell
$101.1K
None
None · None
Sell
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Sell
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None · None
Sell
–
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None · None
Sell
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Sell
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None · None
Sell
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Stats refreshed 2026-10-21 18:23:17 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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Independent research · Not investment advice · Hypothetical unless marked Live · Data: Yahoo Finance (15-min delayed), SEC EDGAR, House Clerk · Important disclosures · Contact desk@coteau.app

Beta 0.9 · Oct 21, 2026