Change Healthcare (CHNG) Stock Price
Change Healthcare Price
Over the last 5 years Change Healthcare grew revenue by 62.2% annually, reaching 3.48 B USD. For Change Healthcare, the net margin of -1.6% is up versus -27.0% a few years ago.
Change Healthcare stock price
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Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of Change Healthcare over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Change Healthcare stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Change Healthcare's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
| Date | Change Healthcare Price |
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Change Healthcare Revenue, EBIT, Net Income
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Change Healthcare Income Statement, Balance Sheet, Cash Flow Statement
| REVENUEB USD |
|---|
| REVENUE GROWTH% |
| GROSS MARGIN% |
| GROSS INCOMEB USD |
| EBITM USD |
| EBIT MARGIN% |
| NET INCOMEM USD |
| NET INCOME GROWTH% |
| SHARESM |
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023e | 2024e | 2025e | 2026e | 2027e |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.31 | – | – | 0.20 | 3.09 | 3.48 | 3.61 | 3.75 | 4.03 | 4.14 | 4.34 |
| – | – | – | – | 1,476.53 | 12.62 | 3.71 | 3.99 | 7.38 | 2.70 | 4.76 |
| 56.63 | – | – | 57.14 | 50.42 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 |
| 0.18 | 1.89 | 1.93 | 0.11 | 1.56 | 3.48 | 3.61 | 3.75 | 4.03 | 4.14 | 4.34 |
| -103.00 | – | -1.00 | -711.00 | 100.00 | 136.00 | 264.00 | 342.00 | 446.00 | 567.00 | 736.00 |
| -33.33 | – | – | -362.76 | 3.24 | 3.91 | 7.32 | 9.11 | 11.07 | 13.70 | 16.97 |
| -83.00 | 60.00 | -52.00 | -947.00 | -112.00 | -57.00 | 511.00 | 524.00 | 647.00 | 707.00 | 788.00 |
| – | -172.29 | -186.67 | 1,721.15 | -88.17 | -49.11 | -996.49 | 2.54 | 23.47 | 9.27 | 11.46 |
| 324.00 | 78.00 | 76.00 | 137.00 | 321.00 | 324.00 | 324.00 | 324.00 | 324.00 | 324.00 | 324.00 |
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Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales Change Healthcare generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Change Healthcare retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Change Healthcare's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares Change Healthcare has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Change Healthcare's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
Change Healthcare stock margins
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Change Healthcare Stock Revenue, EBIT, Earnings per Share
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Change Healthcare business model & stock analysis
Change Healthcare SWOT Analysis
Strengths
Change Healthcare Inc has a strong market presence with a wide range of healthcare technology solutions. The company's extensive portfolio of products and services allows it to cater to the diverse needs of the healthcare industry.
The company benefits from strategic partnerships and collaborations with prominent healthcare organizations, enabling it to stay at the forefront of industry advancements and access a larger customer base.
Change Healthcare Inc boasts a dedicated team of highly skilled professionals who possess expertise in healthcare technology. This talent pool allows the company to deliver innovative and efficient solutions that address the complex challenges faced by the healthcare sector.
Weaknesses
One of the weaknesses of Change Healthcare Inc is its dependence on a relatively small number of large clients. This reliance on key customers poses a business risk should the company fail to maintain or expand its relationships with them.
The rapidly evolving technological landscape poses a challenge for Change Healthcare Inc as it needs to continuously invest in research and development to keep up with emerging trends. Failure to do so may result in the company losing its competitive edge.
Opportunities
The growing demand for healthcare technology solutions presents significant opportunities for Change Healthcare Inc to expand its market share. The increasing adoption of digital health and telemedicine creates a favorable environment for the company to offer its products and services.
There is also an opportunity for Change Healthcare Inc to enter new geographic markets and reach a wider customer base. By strategically targeting regions with underserved healthcare systems, the company can position itself as a key player in improving healthcare access and quality.
Threats
Change Healthcare Inc faces competition from both established players and emerging startups in the healthcare technology sector. This competitive landscape may lead to price pressure and the need for continuous innovation to stay ahead.
Regulatory changes and compliance requirements in the healthcare industry pose a threat to Change Healthcare Inc's operations. Non-compliance could result in penalties and loss of reputation.
Change Healthcare Employees
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Change Healthcare Segments
Change Healthcare Revenue by Segment
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Change Healthcare Eulerpool Fair Value
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Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
Change Healthcare historical P/E ratio, EBIT multiple, and P/S ratio
Change Healthcare annual returns
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Annual Return
ⓘWhat This Chart Shows
This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
Change Healthcare shares outstanding
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Change Healthcare Analyst Rating Actions
| Date | Firm | Action | Rating | Reliability |
|---|---|---|---|---|
| 9/20/2022 | Downgrade | OverweightNeutral | 51 | |
| 9/20/2022 | Downgrade | BuyNeutral | 48 | |
| 9/7/2022 | Maintained | Hold | – | |
| 6/1/2022 | Maintained | Buy | 48 | |
| 5/31/2022 | Maintained | Neutral | – | |
| 1/11/2021 | Downgrade | BuyHold | – | |
| 1/8/2021 | Downgrade | BuyHold | – | |
| 1/8/2021 | Downgrade | OverweightNeutral | 44 | |
| 1/7/2021 | Downgrade | OutperformPerform | 52 | |
| 1/7/2021 | Downgrade | OutperformNeutral | – |
Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.
Change Healthcare Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 8/1/2023 | 0.42USD | - | 933.50 MUSD | - | 2024 Q1 |
| 5/23/2023 | 0.45USD | - | 977.75 MUSD | - | 2023 Q4 |
| 1/31/2023 | 0.33USD | - | 901.62 MUSD | - | 2023 Q3 |
| 11/29/2022 | 0.20USD | - | 850.16 MUSD | - | 2023 Q2 |
| 8/3/2022 | 0.40USD | - | 901.83 MUSD | - | 2023 Q1 |
| 5/25/2022 | 0.42USD | - | 907.60 MUSD | - | 2022 Q4 |
| 2/2/2022 | 0.35USD | - | 865.52 MUSD | - | 2022 Q3 |
| 11/3/2021 | 0.33USD | - | 849.92 MUSD | - | 2022 Q2 |
| 8/4/2021 | 0.45USD | - | 871.36 MUSD | - | 2022 Q1 |
| 5/26/2021 | 0.37USD | - | 852.76 MUSD | - | 2021 Q4 |
Change Healthcare shareholder structure
| % | Name |
|---|---|
18.40151% | |
6.80921% | |
5.65707% | |
5.24025% | |
4.67862% | |
3.07652% |
Change Healthcare Beneficial Ownership Filings (SEC 13D/G)
| Stake | Holder | Filing |
|---|---|---|
58.50% | SEC ↗ | |
58.30% | SEC ↗ | |
39.80% | SEC ↗ | |
19.60% | SEC ↗ | |
19.60% | SEC ↗ | |
19.60% | SEC ↗ | |
19.40% | SEC ↗ | |
19.40% | SEC ↗ | |
19.40% | SEC ↗ | |
19.40% | SEC ↗ |
Change Healthcare Executives and Management Board
20 members · avg. age 57 · 25 % women
Mr. Neil De Crescenzo (60)
President, Chief Executive Officer, Director · since 2013
9.33 M USD
Management
Mr. Fredrik Eliasson (51)
Chief Financial Officer, Executive Vice President
Mr. Kriten Joshi (50)
Executive Vice President, President - Network Solutions, President - Software and Analytics
Mr. Steven Martin (49)
Executive Vice President - Enterprise Technology
Mr. August Calhoun (51)
Executive Vice President, President - Sales and Operations
Mr. Thomas Laur (47)
Executive Vice President, President - Technology Enabled Solutions
Ms. Linda Whitley-Taylor (58)
Chief People Officer, Executive Vice President
Board of Directors
Mr. Howard Lance (66)
Independent Chairman of the Board · since 2013
Mr. Philip Pead (69)
Independent Director
Mr. Phillip Roe (61)
Independent Director
Mr. Robert Zollars (65)
Independent Director
Ms. Nella Domenici (61)
Independent Director
Ms. Diana Mckenzie (57)
Independent Director
Change Healthcare Supply Chain
Change Healthcare Supply Chain
Correlation: how closely stock prices move together
| # | Name | Trend | |||
|---|---|---|---|---|---|
| 1 | 0.20 | -0.12 | 0.53 | ||
| 2 | -0.48 | -0.55 | 0.52 | ||
| 3 | -0.58 | -0.35 | 0.39 |
Frequently asked questions about Change Healthcare
The business model of Change Healthcare Inc is based on providing innovative solutions and services in the healthcare industry. They offer a comprehensive suite of software, analytics, and technology-enabled services to support various stakeholders, including healthcare providers, payers, and consumers. Change Healthcare Inc aims to improve healthcare outcomes, enhance financial efficiencies, and enhance patient satisfaction through their products and services. By leveraging advanced technology, data analytics, and interoperability, the company facilitates the smooth exchange of healthcare information, seamless claims processing, and revenue cycle management. Change Healthcare Inc's business model focuses on delivering value through technological advancements and streamlining healthcare operations.
Change Healthcare Inc is primarily active in the healthcare industry.
The main competitors of Change Healthcare Inc in the market are McKesson Corporation, Cerner Corporation, and Allscripts Healthcare Solutions Inc.
Change Healthcare Inc is a renowned company in the healthcare industry. With a rich history and background, it has positioned itself as a leader in providing innovative solutions and services to healthcare organizations. Established in [year], Change Healthcare Inc has consistently adapted to the evolving needs of the sector. Known for its cutting-edge technology and commitment to improving patient outcomes, the company has grown exponentially over the years. Change Healthcare Inc is dedicated to addressing the complex challenges faced by the healthcare industry, making it a reliable partner for healthcare providers worldwide.
Change Healthcare Inc has achieved several significant milestones. One notable achievement is the company's successful initial public offering (IPO) in June 2019, which raised approximately $557 million. Additionally, Change Healthcare Inc has expanded its business through strategic partnerships and acquisitions, enhancing its portfolio and market reach. The company also launched innovative products and solutions, such as the Change Healthcare Intelligent Healthcare Network™, aimed at improving healthcare interoperability and reducing administrative burdens. Furthermore, Change Healthcare Inc has garnered recognition and accolades for its commitment to fostering a more efficient and effective healthcare system.
Change Healthcare Inc is primarily present in the United States, serving customers nationwide. As a leading healthcare technology company, Change Healthcare Inc offers solutions and services to healthcare providers, payers, and patients. With its headquarters based in Nashville, Tennessee, the company's offerings and expertise span across various areas of healthcare, including revenue and payment cycle management, clinical data exchange, pharmacy solutions, and more. Change Healthcare Inc's presence and impact are particularly prominent within the United States healthcare system, where it strives to drive positive change and improve healthcare outcomes for all stakeholders.
Change Healthcare Inc represents values of innovation, collaboration, integrity, and customer focus. Their corporate philosophy revolves around providing comprehensive healthcare solutions that improve patient outcomes, reduce costs, and enhance the overall healthcare experience. The company strives to empower healthcare providers, payers, and consumers with advanced technologies and data insights to drive meaningful change in the industry. Change Healthcare Inc is committed to delivering value-based care, simplifying administrative processes, and promoting interoperability to transform healthcare delivery. By prioritizing innovation and fostering strong partnerships, Change Healthcare Inc aims to drive positive change and improve healthcare globally.
17 analysts currently rate the Change Healthcare stock: 7 recommend buying, 10 holding and 0 selling.
Converted at the current exchange rate, the Change Healthcare share trades at 23.88 EUR (27.49 USD).
The Change Healthcare share (CHNG) is listed on 4 stock exchanges, including: NASDAQ (CHNGU), Frankfurt (1CB.F), München (1CB.MU), Düsseldorf (1CB.DU).
Change Healthcare Inc. is a leading provider of software and services in the healthcare industry. The company is headquartered in Nashville, Tennessee, and offers a wide range of solutions that ensure healthcare providers and insurers can work effectively and efficiently. The business model of Change Healthcare is based on three main divisions: 1. Healthcare information and medical imaging Change Healthcare's healthcare division includes a variety of products and services that help improve the quality of care and increase the efficiency of healthcare providers. Some of the main products in this area include the integrated clinical information and financial management system, the patient identity management system, and the radiology information and image archiving system. 2. Analytics and decision support Change Healthcare's analytics and decision support division provides tools and services that help healthcare providers and insurers make data-driven decisions. Some of the main products in this area include the healthcare analytics and insights tool, the cost reimbursement system, and the disease management tool. 3. Payment and billing management Change Healthcare's payment and billing management division provides services in the area of payment and billing administration used by healthcare providers and insurers. Some of the main products in this area include the electronic billing system, the payment processing and clearinghouse system, and the post-payment monitoring and recovery system. The core business of Change Healthcare is to provide high-quality solutions to these three main divisions that help reduce the complexity of healthcare and improve the quality of patient care. The company works closely with healthcare providers, insurers, and other organizations to develop customized solutions that meet the needs of each customer. In addition to the main divisions, Change Healthcare also offers a wide range of specialized services, including cybersecurity management, credentialing solutions, and health information exchange. By providing these highly specialized solutions, Change Healthcare can further expand its position as a leading provider of healthcare solutions while ensuring its relevance in the future. In conclusion, the business model of Change Healthcare is based on a clear vision and a high level of customer service. The company strives to continuously expand and improve its offerings to meet the increasing demands of the healthcare industry and effectively support its customers.
The revenue cannot currently be calculated for Change Healthcare.
The profit cannot currently be calculated for Change Healthcare.
The P/E ratio cannot be calculated for Change Healthcare at the moment.
The P/S cannot be calculated for Change Healthcare currently.
The Eulerpool Quality Score for Change Healthcare is 3/10.
The ISIN of Change Healthcare is US15912K1007. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of Change Healthcare is A2PLR6. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of Change Healthcare is CHNG. The ticker symbol is used to trade Change Healthcare shares on the stock exchange.
Change Healthcare paid dividends every year for the past 0 years.
Change Healthcare is assigned to the 'Health' sector.
The dividends of Change Healthcare are distributed in USD.
Change Healthcare stock
Change Healthcare Peer Group
Change Healthcare Ticker
All fundamentals and in-depth analysis of Change Healthcare
Our stock analysis for Change Healthcare stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Change Healthcare. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.