The Discounted Cash Flow (DCF) valuation of AMN Healthcare Services Inc (AMN) is (2.85) USD. With the latest stock price at 21.77 USD, the upside of AMN Healthcare Services Inc based on DCF is -113.1%.

Is AMN a buy or a sell?

Based on the latest price of 21.77 USD and our DCF valuation, AMN Healthcare Services Inc (AMN) is a sell. Selling AMN stocks now will result in a potential gain of 113.1%.

Note: valuation result may not be accurate due to the company's negative earnings.

	Range	Selected
WACC / Discount Rate	5.5% - 9.3%	7.4%
Long-term Growth Rate	1.0% - 3.0%	2.0%
Fair Price	(10.34) - 21.82	(2.85)
Upside	-147.5% - 0.3%	-113.1%

21.77 USD

Stock Price

(2.85) USD

Fair Price

REVENUE & EXPENSES

CAPEX

D&A

WORKING CAPITAL

TERMINAL VALUE

AMN DCF Valuation: Revenue & Expenses Forecast

(USD in millions)		Projections

	12-2024	12-2025	12-2026	12-2027	12-2028	12-2029

Revenue	2,984	2,677	2,741	2,871	2,929	2,987
% Growth	21%	-10%	2%	5%	2%	2%

Cost of goods sold	(2,064)	(1,815)	(1,821)	(1,870)	(1,869)	(1,868)
% of Revenue	69%	68%	66%	65%	64%	63%

Selling, G&A expenses	(632)	(567)	(581)	(609)	(621)	(633)
% of Revenue	21%	21%	21%	21%	21%	21%

Research & Development	0	0	0	0	0	0
% of Revenue	0%	0%	0%	0%	0%	0%

Net interest & other expenses	(459)	(412)	(422)	(442)	(451)	(460)
% of Revenue	15%	15%	15%	15%	15%	15%

Tax expense	26	30	22	13	3	(7)
Tax rate	-15%	26%	26%	26%	26%	26%

Net profit	(147)	(87)	(62)	(36)	(9)	19
% Margin	-5%	-3%	-2%	-1%	0%	1%