Professional
Added to YB: 2021-01-15
Pitch date: 2021-01-15
JYNT [bullish]
The Joint Corp.
-70.46%
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 franchises chiropractic clinics in the United States. The company was incorporated in 2010 and is headquartered in Scottsdale, Arizona.
Market Cap
$122.2M
Pitch Price
$29.49
Price Target
N/A
Dividend
N/A
EV/EBITDA
-79.35
P/E
-570.95
EV/Sales
1.75
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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