#56 - Teladoc Analysis - Company Overview, Valuation, M&A and Positioning on the Mental Health Market Update 6/26/2020

24:10
 
Share
 

Manage episode 265512713 series 2570554
By Stephen Hays. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Mental Health Market Update: 6/26/2020 – Teladoc Overview: Teladoc (Ticker: TDOC) provides integrated healthcare services including telehealth, mental health, expert medical services remotely.

In today’s market update, we dig into the company’s primary business units, its growth, valuation, M&A history, growth prospects and what we in the behavioral health startup ecosystem can learn from digging into the numbers around Teladoc.

SOME OF WHAT WE COVER IN THIS EPISODE:

  1. What exactly Teledoc does, how they have grown via relationships with UnitedHealth, CVS, Medicare/Medicaid and through an aggressive M&A strategy.
  2. We highlight their M&A history and what they paid for a lot of their key acquisitions.
  3. We dig into their current stock price, valuation levels, peer group, and how the Company has traded versus its peers lately, and in recent years. We make note that the Company started to out-pace its peers in terms of valuation long before COVID happened.
  4. We question whether the Company should trade at 20x revenue or 200x EBITDA and what it means that they are trading at those levels as of today.
  5. What is the stock worth? Should it be trading at $200 a share?
  6. Finally, we give two key takeaways that founders of behavioral health or really any digital health startup should take into consideration based on the performance of Teladoc and how they position their business.

LINKS REFERENCED IN THE SHOW:

Teladoc March 2020 Investor Deck: https://s21.q4cdn.com/672268105/files/doc_presentations/2020/03/InvestorDay2020.pdf

Q1 2020 earnings press release: https://s21.q4cdn.com/672268105/files/doc_financials/2020/q1/Teladoc-Health-1Q20-Earnings-Web.pdf

Mental health startup slack community: https://join.slack.com/t/mhealthstartups/shared_invite/zt-cfi5utx3-iE4pHU58NjCEXXMpaOiVxQ

You can support Stigma Podcast and get deeper insights and white papers here on Patreon: https://www.patreon.com/stigmapodcast

Connect with the Stigma Podcast in the following ways: Website, Twitter, Facebook, LinkedIn, Email

Connect with host Stephen Hays here: Stephen Hays Personal Website, Twitter, LinkedIn, What If Ventures (Mental Health Venture Fund)

62 episodes