VRT

Virtus HealthASX:VRT Stock Report

Market Cap

AU$504.7m

7D

-1.7%

1Y

60.4%

Updated

18 Sep, 2021

Data

Company Financials +
VRT fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health3/6
Dividends3/6

VRT Overview

Virtus Health Limited provides various healthcare services in Australia, Denmark, the United Kingdom, Ireland, and Singapore.

Share Price & News

How has Virtus Health's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VRT is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: VRT's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-1.7%

VRT

1.9%

AU Healthcare

-0.02%

AU Market


1 Year Return

60.4%

VRT

23.6%

AU Healthcare

27.0%

AU Market

Return vs Industry: VRT exceeded the Australian Healthcare industry which returned 23.6% over the past year.

Return vs Market: VRT exceeded the Australian Market which returned 27% over the past year.


Shareholder returns

VRTIndustryMarket
7 Day-1.7%1.9%-0.02%
30 Day-18.9%1.6%-0.5%
90 Day-3.0%10.0%0.7%
1 Year63.8%60.4%26.6%23.6%32.4%27.0%
3 Year23.1%7.4%52.5%41.3%35.9%19.3%
5 Year-6.9%-25.8%30.9%14.0%65.4%32.7%

Long-Term Price Volatility Vs. Market

How volatile is Virtus Health's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Virtus Health Fundamentals Summary

How do Virtus Health's earnings and revenue compare to its market cap?
VRT fundamental statistics
Market CapAU$504.74m
Earnings (TTM)AU$43.14m
Revenue (TTM)AU$333.92m

11.7x

P/E Ratio

1.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VRT income statement (TTM)
RevenueAU$333.92m
Cost of RevenueAU$210.23m
Gross ProfitAU$123.69m
ExpensesAU$80.55m
EarningsAU$43.14m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.54
Gross Margin37.04%
Net Profit Margin12.92%
Debt/Equity Ratio48.9%

How did VRT perform over the long term?

See historical performance and comparison

Dividends

4.1%

Current Dividend Yield

45%

Payout Ratio

Does VRT pay a reliable dividends?

See VRT dividend history and benchmarks
When do you need to buy VRT by to receive an upcoming dividend?
Virtus Health dividend dates
Ex Dividend DateOct 08 2021
Dividend Pay DateOct 29 2021
Days until Ex dividend19 days
Days until Dividend pay date40 days

Does VRT pay a reliable dividends?

See VRT dividend history and benchmarks

Valuation

Is Virtus Health undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VRT (A$5.92) is trading below our estimate of fair value (A$14.12)

Significantly Below Fair Value: VRT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: VRT is good value based on its PE Ratio (11.7x) compared to the Australian Healthcare industry average (26.5x).

PE vs Market: VRT is good value based on its PE Ratio (11.7x) compared to the Australian market (18.7x).


Price to Earnings Growth Ratio

PEG Ratio: VRT is poor value based on its PEG Ratio (77.6x)


Price to Book Ratio

PB vs Industry: VRT is good value based on its PB Ratio (1.7x) compared to the AU Healthcare industry average (2.4x).


Future Growth

How is Virtus Health forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

0.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VRT's forecast earnings growth (0.2% per year) is below the savings rate (1.9%).

Earnings vs Market: VRT's earnings (0.2% per year) are forecast to grow slower than the Australian market (11.5% per year).

High Growth Earnings: VRT's earnings are forecast to grow, but not significantly.

Revenue vs Market: VRT's revenue (3.8% per year) is forecast to grow slower than the Australian market (5.3% per year).

High Growth Revenue: VRT's revenue (3.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VRT's Return on Equity is forecast to be low in 3 years time (12.2%).


Past Performance

How has Virtus Health performed over the past 5 years?

-8.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VRT has high quality earnings.

Growing Profit Margin: VRT's current net profit margins (12.9%) are higher than last year (0.2%).


Past Earnings Growth Analysis

Earnings Trend: VRT's earnings have declined by 8.5% per year over the past 5 years.

Accelerating Growth: VRT's earnings growth over the past year (9097.2%) exceeds its 5-year average (-8.5% per year).

Earnings vs Industry: VRT earnings growth over the past year (9097.2%) exceeded the Healthcare industry 61.3%.


Return on Equity

High ROE: VRT's Return on Equity (14.6%) is considered low.


Financial Health

How is Virtus Health's financial position?


Financial Position Analysis

Short Term Liabilities: VRT's short term assets (A$55.0M) do not cover its short term liabilities (A$79.3M).

Long Term Liabilities: VRT's short term assets (A$55.0M) do not cover its long term liabilities (A$225.4M).


Debt to Equity History and Analysis

Debt Level: VRT's debt to equity ratio (48.9%) is considered high.

Reducing Debt: VRT's debt to equity ratio has reduced from 49.8% to 48.9% over the past 5 years.

Debt Coverage: VRT's debt is well covered by operating cash flow (44.7%).

Interest Coverage: VRT's interest payments on its debt are well covered by EBIT (7.5x coverage).


Balance Sheet


Dividend

What is Virtus Health current dividend yield, its reliability and sustainability?

4.05%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 19 2021Ex Dividend DateOct 08 2021Dividend Pay DateOct 29 202121 days from Ex DividendBuy in the next 19 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: VRT's dividend (4.05%) is higher than the bottom 25% of dividend payers in the Australian market (2.3%).

High Dividend: VRT's dividend (4.05%) is low compared to the top 25% of dividend payers in the Australian market (5.41%).


Stability and Growth of Payments

Stable Dividend: VRT has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: VRT has only been paying a dividend for 8 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44.6%), VRT's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: VRT's dividends in 3 years are forecast to be covered by earnings (61.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure


CEO

Kate Munnings

1.5yrs

Tenure

AU$1,611,400

Compensation

Ms. Kathryn Marian Munnings, also known as Kate, serves as Group Chief Executive Officer, Managing Director and Executive Director at Virtus Health Limited since March 18, 2020. She serves as Director of D...


CEO Compensation Analysis

Compensation vs Market: Kate's total compensation ($USD1.17M) is above average for companies of similar size in the Australian market ($USD722.58K).

Compensation vs Earnings: Kate's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: VRT's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: VRT's board of directors are considered experienced (3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.7%.


Top Shareholders

Company Information

Virtus Health Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Virtus Health Limited
  • Ticker: VRT
  • Exchange: ASX
  • Founded: 2008
  • Industry: Health Care Facilities
  • Sector: Healthcare
  • Market Cap: AU$504.742m
  • Shares outstanding: 85.26m
  • Website: https://www.virtushealth.com.au

Number of Employees


Location

  • Virtus Health Limited
  • 176 Pacific Highway
  • Level 3
  • Greenwich
  • New South Wales
  • 2065
  • Australia

Listings


Biography

Virtus Health Limited provides various healthcare services in Australia, Denmark, the United Kingdom, Ireland, and Singapore. The company operates through two segments, Healthcare Services Australia and He...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 08:03
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.