Chartwell Retirement Residences (TSX:CSH.UN) - Share price, News & Analysis

CSH.UN fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	3/6
Financial Health	0/6
Dividends	3/6

CSH.UN Stock Overview

Rewards

Earnings grew by 16.7% over the past year

Risk Analysis

Earnings have declined by 42.2% per year over past 5 years

Interest payments are not well covered by earnings

Dividend of 4.89% is not well covered by earnings or forecast to be in the next 3 years

Large one-off items impacting financial results

+ 1 more risk

Chartwell Retirement Residences Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Chartwell Retirement Residences
Historical stock prices
Current Share Price	CA$12.52
52 Week High	CA$13.76
52 Week Low	CA$10.74
Beta	1.19
1 Month Change	-3.69%
3 Month Change	2.04%
1 Year Change	-4.79%
3 Year Change	-16.37%
5 Year Change	-21.70%
Change since IPO	7.01%

Recent News & Updates

May 18

Calculating The Fair Value Of Chartwell Retirement Residences (TSE:CSH.UN)

Today we will run through one way of estimating the intrinsic value of Chartwell Retirement Residences ( TSE:CSH.UN...

Apr 22

Chartwell Retirement Residences (TSE:CSH.UN) Will Pay A Dividend Of CA$0.051

Chartwell Retirement Residences' ( TSE:CSH.UN ) investors are due to receive a payment of CA$0.051 per share on 16th of...

Shareholder Returns

	CSH.UN	CA Healthcare	CA Market
7D	4.2%	1.7%	0.8%
1Y	-4.8%	-25.2%	4.9%

Return vs Industry: CSH.UN exceeded the Canadian Healthcare industry which returned -25.2% over the past year.

Return vs Market: CSH.UN underperformed the Canadian Market which returned 4.8% over the past year.

Price Volatility

Is CSH.UN's price volatile compared to industry and market?
CSH.UN volatility
CSH.UN Average Weekly Movement	2.8%
Healthcare Industry Average Movement	8.9%
Market Average Movement	9.9%
10% most volatile stocks in CA Market	16.9%
10% least volatile stocks in CA Market	4.3%

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

Volatility Over Time: CSH.UN's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2003	15,589	Vlad Volodarski	https://www.chartwell.com

Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent supportive living through assisted living to long term care. It is the largest operator in the Canadian seniors living sector with over 200 quality retirement communities in four provinces including properties under development. Chartwell is committed to its vision of Making People's Lives BETTER and to providing a happier, healthier and more fulfilling life experience for its residents.

Chartwell Retirement Residences Fundamentals Summary

How do Chartwell Retirement Residences's earnings and revenue compare to its market cap?
CSH.UN fundamental statistics
Market Cap	CA$2.95b
Earnings (TTM)	CA$945.00k
Revenue (TTM)	CA$898.80m

3,122x

P/E Ratio

3.3x

P/S Ratio

Is CSH.UN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CSH.UN income statement (TTM)
Revenue	CA$898.80m
Cost of Revenue	CA$642.29m
Gross Profit	CA$256.51m
Other Expenses	CA$255.57m
Earnings	CA$945.00k

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.004
Gross Margin	28.54%
Net Profit Margin	0.10%
Debt/Equity Ratio	290.2%

How did CSH.UN perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

15,026%

Payout Ratio

Does CSH.UN pay a reliable dividends?

See CSH.UN dividend history and benchmarks

When do you need to buy CSH.UN by to receive an upcoming dividend?
Chartwell Retirement Residences dividend dates
Ex Dividend Date	May 30 2022
Dividend Pay Date	Jun 15 2022
Days until Ex dividend	8 days
Days until Dividend pay date	24 days

Does CSH.UN pay a reliable dividends?

See CSH.UN dividend history and benchmarks

Valuation

Is Chartwell Retirement Residences undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

3122.19x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: CSH.UN (CA$12.52) is trading above our estimate of fair value (CA$10.68)

Significantly Below Fair Value: CSH.UN is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: CSH.UN is poor value based on its PE Ratio (3122.2x) compared to the Canadian Healthcare industry average (48.2x).

PE vs Market: CSH.UN is poor value based on its PE Ratio (3122.2x) compared to the Canadian market (11.5x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CSH.UN's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: CSH.UN is overvalued based on its PB Ratio (3.7x) compared to the CA Healthcare industry average (2x).

Future Growth

How is Chartwell Retirement Residences forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

-0.8%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if CSH.UN's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if CSH.UN's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CSH.UN's revenue is expected to decline over the next 3 years (-0.8% per year).

High Growth Revenue: CSH.UN's revenue is forecast to decline over the next 3 years (-0.8% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if CSH.UN's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Chartwell Retirement Residences performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-42.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CSH.UN has a large one-off gain of CA$42.8M impacting its March 31 2022 financial results.

Growing Profit Margin: CSH.UN's current net profit margins (0.1%) are higher than last year (0.09%).

Past Earnings Growth Analysis

Earnings Trend: CSH.UN's earnings have declined by 42.2% per year over the past 5 years.

Accelerating Growth: CSH.UN's earnings growth over the past year (16.7%) exceeds its 5-year average (-42.2% per year).

Earnings vs Industry: CSH.UN earnings growth over the past year (16.7%) exceeded the Healthcare industry -38.1%.

Return on Equity

High ROE: CSH.UN's Return on Equity (0.1%) is considered low.

Financial Health

How is Chartwell Retirement Residences's financial position?

Financial Health Score

0/6

Financial Health Score 0/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: CSH.UN's short term assets (CA$412.6M) do not cover its short term liabilities (CA$599.6M).

Long Term Liabilities: CSH.UN's short term assets (CA$412.6M) do not cover its long term liabilities (CA$2.1B).

Debt to Equity History and Analysis

Debt Level: CSH.UN's net debt to equity ratio (270.1%) is considered high.

Reducing Debt: CSH.UN's debt to equity ratio has increased from 239.7% to 290.2% over the past 5 years.

Debt Coverage: CSH.UN's debt is not well covered by operating cash flow (6.7%).

Interest Coverage: CSH.UN's interest payments on its debt are not well covered by EBIT (0.5x coverage).

Balance Sheet

Dividend

What is Chartwell Retirement Residences's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

4.89%

Current Dividend Yield

Upcoming Dividend Payment

Dividend Yield vs Market

Notable Dividend: CSH.UN's dividend (4.89%) is higher than the bottom 25% of dividend payers in the Canadian market (1.91%).

High Dividend: CSH.UN's dividend (4.89%) is low compared to the top 25% of dividend payers in the Canadian market (4.91%).

Stability and Growth of Payments

Stable Dividend: CSH.UN's dividends per share have been stable in the past 10 years.

Growing Dividend: CSH.UN's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (15025.8%), CSH.UN's dividend payments are not well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (92.7%), CSH.UN's dividend payments are not well covered by cash flows.

Discover strong dividend paying companies

Management

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

6.3yrs

Average management tenure

CEO

Vlad Volodarski (50 yo)

2.17yrs

Tenure

CA$2,097,238

Compensation

Mr. Vlad Volodarski, C.A. has been Chief Executive Officer of Chartwell Retirement Residences since March 16, 2020. He is Trustee at Chartwell Retirement Residences since March 2020. Mr. Volodarski served...

CEO Compensation Analysis

Compensation vs Market: Vlad's total compensation ($USD1.63M) is about average for companies of similar size in the Canadian market ($USD2.24M).

Compensation vs Earnings: Vlad's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: CSH.UN's management team is seasoned and experienced (6.3 years average tenure).

Board Members

Experienced Board: CSH.UN's board of directors are seasoned and experienced ( 11.8 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 8.4%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/21 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31