Molina Healthcare's ($MOH) ACCE composite score dropped 11 points, moving from 37 to 26 out of 100. That's a meaningful single-step decline, and the current score breakdown tells you where the pressure is concentrated: Growth sits at just 7/100, Quality at 25/100, and Value at 45/100 — the only subscore holding any real ground.
A score move of this size typically reflects deterioration across at least two of those three dimensions simultaneously, and the underlying data gives a clear picture of why.
What it means
Growth is the core problem. A Growth subscore of 7/100 is near the floor. Year-over-year revenue is down 4.3%, and year-over-year earnings are down 95.0%. That kind of earnings collapse — not a miss, not a soft quarter, but a near-total wipeout of the prior year's profit — is exactly the kind of data point that drags a composite score down sharply. When earnings fall that far, forward estimates get revised, momentum turns negative, and the score model responds accordingly.
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Quality is under pressure too. A Quality subscore of 25/100 reflects what the underlying metrics confirm: net margin of just 0.4%, ROE of 4.5%, and a FCF yield of -5.3%. Negative free cash flow yield means the business is consuming more cash than it generates relative to its market value. That's a red flag for quality-focused scoring models, even when earnings quality is labelled strong — a reminder that accounting quality and cash generation are two different things.
Value offers some offset, but not enough. At 45/100, Value is the strongest subscore, which makes sense given that $MOH has fallen 24.2% over the past year. A lower price can mechanically improve value metrics. But the trailing P/E of 62.5 and forward P/E of 42.7 suggest the market is still pricing in a recovery that hasn't shown up in the numbers yet. Notably, the analyst consensus target of $191.76 sits below the current price of $232.03 — an unusual setup that signals analysts, on average, see further downside from here.
What typically drives an 11-point score drop. Score moves of this magnitude usually involve a combination of: a sharp earnings revision that hits the Growth subscore, margin compression or negative cash flow that pressures Quality, and negative price momentum reinforcing both. All three appear present in $MOH's current data.
The score of 26/100 places $MOH in the lower tier of the ACCE universe. For the score to recover, the business would need to show revenue stabilisation, meaningful margin improvement, and a return to positive free cash flow — none of which are visible in the current figures.
See the full scorecard and live price at acceinvestments.com/stocks/MOH.
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