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Medical Facilities

TSX:DR
Snowflake Description

Good value average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DR
TSX
CA$401M
Market Cap
  1. Home
  2. CA
  3. Healthcare
Company description

Medical Facilities Corporation, through its subsidiaries, owns and operates specialty surgical hospitals and an ambulatory surgery center in the United States. The last earnings update was 46 days ago. More info.


Add to Portfolio Compare Print
  • Medical Facilities has significant price volatility in the past 3 months.
DR Share Price and Events
7 Day Returns
0.5%
TSX:DR
-0.5%
CA Healthcare
1.2%
CA Market
1 Year Returns
-10.9%
TSX:DR
18.2%
CA Healthcare
-2.6%
CA Market
DR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Medical Facilities (DR) 0.5% 1.2% -25.2% -10.9% -31.3% -28.9%
CA Healthcare -0.5% -2.3% -1.1% 18.2% -4.2% 28.1%
CA Market 1.2% 1.3% 1% -2.6% 12.8% 2.2%
1 Year Return vs Industry and Market
  • DR underperformed the Healthcare industry which returned 18.2% over the past year.
  • DR underperformed the Market in Canada which returned -2.6% over the past year.
Price Volatility
DR
Industry
5yr Volatility vs Market

Value

 Is Medical Facilities undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Medical Facilities to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Medical Facilities.

TSX:DR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.9%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:DR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Healthcare Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.641 (1 + (1- 26.5%) (76.88%))
1.002
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.002 * 5.96%)
7.92%

Discounted Cash Flow Calculation for TSX:DR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Medical Facilities is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:DR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.92%)
2019 51.94 Est @ 0.03% 48.13
2020 52.25 Est @ 0.6% 44.87
2021 52.78 Est @ 1.01% 41.99
2022 53.46 Est @ 1.29% 39.41
2023 54.25 Est @ 1.49% 37.07
2024 55.13 Est @ 1.62% 34.90
2025 56.08 Est @ 1.72% 32.90
2026 57.09 Est @ 1.79% 31.03
2027 58.13 Est @ 1.84% 29.28
2028 59.22 Est @ 1.87% 27.64
Present value of next 10 years cash flows $367.23
TSX:DR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $59.22 × (1 + 1.95%) ÷ (7.92% – 1.95%)
$1,011.29
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,011.29 ÷ (1 + 7.92%)10
$472.04
TSX:DR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $367.23 + $472.04
$839.27
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $839.27 / 31.06
$27.02
TSX:DR Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSX:DR)
1.321
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $27.02 x 1.321
CA$35.71
Value per share (CAD) From above. CA$35.71
Current discount Discount to share price of CA$12.91
= -1 x (CA$12.91 - CA$35.71) / CA$35.71
63.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Medical Facilities is available for.
Intrinsic value
>50%
Share price is CA$12.91 vs Future cash flow value of CA$35.71
Current Discount Checks
For Medical Facilities to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Medical Facilities's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Medical Facilities's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Medical Facilities's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Medical Facilities's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:DR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.21
TSX:DR Share Price ** TSX (2019-06-21) in CAD CA$12.91
TSX:DR Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.757 $9.77
Canada Healthcare Industry PE Ratio Median Figure of 7 Publicly-Listed Healthcare Companies 47.26x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 15.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Medical Facilities.

TSX:DR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:DR Share Price ÷ EPS (both in USD)

= 9.77 ÷ 0.21

47.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Medical Facilities is good value based on earnings compared to the CA Healthcare industry average.
  • Medical Facilities is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Medical Facilities's expected growth come at a high price?
Raw Data
TSX:DR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 47.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
62.7%per year
North America Healthcare Industry PEG Ratio Median Figure of 47 Publicly-Listed Healthcare Companies 1.67x
Canada Market PEG Ratio Median Figure of 248 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

TSX:DR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 47.26x ÷ 62.7%

0.75x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Medical Facilities is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Medical Facilities's assets?
Raw Data
TSX:DR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $3.88
TSX:DR Share Price * TSX (2019-06-21) in CAD CA$12.91
TSX:DR Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.757 $9.77
Canada Healthcare Industry PB Ratio Median Figure of 23 Publicly-Listed Healthcare Companies 2.35x
Canada Market PB Ratio Median Figure of 2,425 Publicly-Listed Companies 1.43x
TSX:DR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:DR Share Price ÷ Book Value per Share (both in USD)

= 9.77 ÷ 3.88

2.52x

* Primary Listing of Medical Facilities.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Medical Facilities is overvalued based on assets compared to the CA Healthcare industry average.
X
Value checks
We assess Medical Facilities's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Healthcare industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Healthcare industry average (and greater than 0)? (1 check)
  5. Medical Facilities has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Medical Facilities expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
62.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Medical Facilities expected to grow at an attractive rate?
  • Medical Facilities's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Medical Facilities's earnings growth is expected to exceed the Canada market average.
  • Medical Facilities's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:DR Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:DR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 62.7%
TSX:DR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 2.7%
Canada Healthcare Industry Earnings Growth Rate Market Cap Weighted Average 53.7%
Canada Healthcare Industry Revenue Growth Rate Market Cap Weighted Average 16%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.9%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:DR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:DR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 463 2
2020-12-31 454 78 18 5
2019-12-31 439 89 8 5
TSX:DR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 433 80 6
2018-12-31 432 81 21
2018-09-30 420 83 23
2018-06-30 404 79 18
2018-03-31 394 85 25
2017-12-31 385 80 21
2017-09-30 382 79 38
2017-06-30 372 88 35
2017-03-31 353 76 15
2016-12-31 339 78 10
2016-09-30 321 82 -5
2016-06-30 316 72 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Medical Facilities's earnings are expected to grow significantly at over 20% yearly.
  • Medical Facilities's revenue is expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:DR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Medical Facilities Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:DR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.91 0.91 0.91 1.00
2020-12-31 0.68 0.78 0.58 2.00
2019-12-31 0.27 0.42 0.12 2.00
TSX:DR Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.21
2018-12-31 0.68
2018-09-30 0.75
2018-06-30 0.57
2018-03-31 0.82
2017-12-31 0.67
2017-09-30 1.23
2017-06-30 1.12
2017-03-31 0.48
2016-12-31 0.31
2016-09-30 -0.16
2016-06-30 0.18

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Medical Facilities will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Medical Facilities's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Medical Facilities has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Medical Facilities performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Medical Facilities's growth in the last year to its industry (Healthcare).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Medical Facilities's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Medical Facilities's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Medical Facilities's 1-year earnings growth is negative, it can't be compared to the CA Healthcare industry average.
Earnings and Revenue History
Medical Facilities's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Medical Facilities Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:DR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 433.08 6.41 76.67
2018-12-31 431.60 20.93 78.87
2018-09-30 419.59 23.21 75.08
2018-06-30 404.35 17.51 72.51
2018-03-31 393.94 25.38 67.80
2017-12-31 385.33 20.64 65.27
2017-09-30 382.06 38.20 64.61
2017-06-30 371.89 34.93 61.49
2017-03-31 352.53 15.05 57.75
2016-12-31 339.47 9.75 53.36
2016-09-30 321.24 -4.99 46.97
2016-06-30 315.57 5.54 45.81
2016-03-31 312.48 8.63 45.42
2015-12-31 308.78 24.76 45.00
2015-09-30 301.48 7.98 46.75
2015-06-30 302.56 21.60 45.42
2015-03-31 300.15 39.32 44.01
2014-12-31 297.38 19.48 43.88
2014-09-30 304.55 32.74 44.22
2014-06-30 303.30 16.51 43.54
2014-03-31 305.75 8.80 43.44
2013-12-31 309.16 11.02 42.92
2013-09-30 291.41 32.25 41.30
2013-06-30 272.75 26.87 38.79
2013-03-31 253.36 21.35 35.86
2012-12-31 239.38 32.82 32.38
2012-09-30 226.01 2.67 26.47
2012-06-30 223.55 22.88 27.21

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Medical Facilities has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Medical Facilities used its assets more efficiently than the CA Healthcare industry average last year based on Return on Assets.
  • Medical Facilities's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Medical Facilities's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Healthcare industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Medical Facilities has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Medical Facilities's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Medical Facilities's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Medical Facilities is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Medical Facilities's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Medical Facilities's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Medical Facilities Company Filings, last reported 2 months ago.

TSX:DR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 176.54 168.78 46.53
2018-12-31 195.64 171.02 46.97
2018-09-30 186.40 169.64 44.38
2018-06-30 195.53 167.88 46.76
2018-03-31 198.35 167.37 45.13
2017-12-31 200.53 146.34 64.96
2017-09-30 197.29 148.39 63.12
2017-06-30 210.41 150.77 67.29
2017-03-31 203.30 151.87 60.64
2016-12-31 214.11 156.76 59.58
2016-09-30 184.03 147.42 70.90
2016-06-30 187.37 73.56 69.42
2016-03-31 200.77 73.34 73.81
2015-12-31 214.68 66.04 70.94
2015-09-30 206.38 68.52 68.30
2015-06-30 224.68 70.53 84.75
2015-03-31 201.30 75.54 45.82
2014-12-31 200.08 78.24 50.61
2014-09-30 207.91 77.30 43.54
2014-06-30 198.38 81.19 41.78
2014-03-31 192.96 83.29 41.47
2013-12-31 212.16 83.69 44.94
2013-09-30 208.70 85.54 41.09
2013-06-30 215.58 84.85 40.94
2013-03-31 177.07 129.24 47.95
2012-12-31 190.04 129.81 46.66
2012-09-30 130.63 92.52 35.69
2012-06-30 142.75 85.66 35.33
  • Medical Facilities's level of debt (95.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (43.1% vs 95.6% today).
  • Debt is well covered by operating cash flow (47.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.5x coverage).
X
Financial health checks
We assess Medical Facilities's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Medical Facilities has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Medical Facilities's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
8.62%
Current annual income from Medical Facilities dividends. Estimated to be 8.58% next year.
If you bought CA$2,000 of Medical Facilities shares you are expected to receive CA$172 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Medical Facilities's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.11%).
  • Medical Facilities's dividend is above the markets top 25% of dividend payers in Canada (5.71%).
Upcoming dividend payment

Purchase Medical Facilities before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:DR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
North America Healthcare Industry Average Dividend Yield Market Cap Weighted Average of 25 Stocks 1.6%
Canada Market Average Dividend Yield Market Cap Weighted Average of 335 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:DR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31 0.84 2.00
2019-12-31 0.84 3.00
TSX:DR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-06-19 0.843 8.750
2019-05-22 0.831 9.038
2019-04-17 0.834 7.581
2019-03-20 0.837 6.598
2019-02-19 0.837 6.839
2019-01-22 0.842 6.629
2018-12-18 0.824 7.153
2018-11-21 0.835 7.227
2018-10-22 0.847 7.589
2018-09-19 0.858 7.835
2018-08-22 0.851 7.370
2018-07-20 0.854 7.427
2018-06-20 0.844 7.859
2018-05-22 0.846 7.822
2018-04-19 0.867 8.020
2018-03-20 0.860 8.005
2018-02-16 0.859 7.349
2018-01-22 0.892 7.674
2017-12-18 0.872 7.987
2017-11-21 0.873 8.515
2017-10-20 0.872 8.339
2017-09-20 0.892 7.418
2017-08-22 0.891 7.521
2017-07-20 0.882 8.348
2017-06-21 0.845 7.932
2017-05-19 0.831 7.122
2017-04-19 0.818 6.797
2017-03-21 0.837 6.209
2017-02-16 0.832 6.043
2017-01-20 0.844 5.902
2016-12-19 0.830 6.181
2016-11-21 0.833 6.526
2016-10-20 0.828 5.499
2016-09-21 0.848 5.051
2016-08-22 0.851 5.363
2016-07-20 0.851 5.370
2016-06-21 0.858 5.891
2016-05-19 0.856 6.212
2016-04-20 0.856 6.544
2016-03-21 0.848 6.980
2016-02-18 0.815 7.588
2016-01-20 0.769 8.186
2015-12-18 0.769 8.115
2015-11-19 0.807 7.711
2015-10-21 0.842 6.813
2015-09-21 0.839 7.076
2015-08-20 0.847 7.012
2015-06-19 0.854 7.506
2015-05-20 0.896 6.942
2015-04-21 0.917 6.739
2015-03-20 0.886 6.678
2015-02-18 0.880 6.079
2015-01-21 0.886 5.791
2014-12-18 0.910 6.120
2014-11-19 0.966 6.068
2014-10-22 0.984 6.225
2014-09-19 0.996 6.873
2014-08-20 1.016 6.515
2014-07-21 1.025 6.498
2014-06-19 1.039 6.367
2014-05-20 1.028 6.283
2014-04-22 1.019 5.982
2014-03-20 1.001 5.651
2014-02-19 1.001 5.965
2014-01-22 1.006 5.960
2013-12-18 1.017 6.096
2013-11-20 1.052 6.574
2013-10-22 1.071 6.767
2013-09-19 1.081 7.083
2013-08-21 1.066 7.263
2013-07-22 1.077 7.248
2013-06-19 1.063 7.328
2013-05-22 1.084 7.511
2013-04-10 1.090 7.483
2013-03-19 1.095 7.469
2013-02-19 1.091 7.602
2013-01-22 1.112 7.762
2012-12-18 1.129 7.973
2012-11-21 1.127 8.086
2012-10-22 1.119 8.081
2012-09-19 1.131 7.876
2012-08-14 1.133 7.820
2012-07-20 1.079 7.841
2012-06-20 1.065 8.052
2012-05-22 1.056 8.068
2012-04-19 1.080 8.494
2012-03-20 1.097 8.729
2012-02-17 1.100 8.670
2012-01-20 1.085 9.065
2011-12-19 1.062 9.481
2011-11-21 1.050 9.758
2011-10-20 1.060 10.059
2011-09-20 1.036 10.949
2011-08-22 1.104 10.297
2011-07-20 1.107 10.160
2011-06-21 1.115 9.293
2011-05-19 0.369 2.976
2011-04-20 0.371 2.861
2011-03-17 0.367 2.848
2011-02-16 0.365 3.023
2011-01-20 0.362 3.078
2010-12-20 0.356 3.303
2010-11-19 0.353 3.472
2010-10-20 0.351 3.587
2010-09-21 0.350 3.802
2010-08-20 0.341 3.915
2010-07-21 0.345 4.202
2010-06-21 0.340 4.161
2010-05-19 0.336 3.963
2010-04-21 0.345 3.489
2010-03-22 0.352 3.319
2010-02-17 0.340 3.401
2010-01-20 0.337 3.498
2009-12-21 0.342 3.858
2009-11-19 0.338 4.328
2009-10-21 0.336 4.316
2009-09-21 0.333 4.429
2009-08-20 0.328 4.433
2009-07-22 0.327 4.255

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Medical Facilities's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.3x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Medical Facilities's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Medical Facilities afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Medical Facilities has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Medical Facilities's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rob Horrar
COMPENSATION $1,317,627
AGE 52
TENURE AS CEO 1.7 years
CEO Bio

Mr. Robert O. Horrar, also known as Rob, has been President and Chief Executive Officer of Medical Facilities Corporation since October 25, 2017. Mr. Horrar has been Executive Director of Medical Facilities Corp since November 8, 2017. He has been President and Chief Executive Officer of Medical Facilities America, Medical Facilities Holdings and Medical Facilities IMD Holdings since October 2017. He has been manager of UMASH and PAM since October 2017. He has been President of Division III, Operations at Community Health Systems, Inc. from 2016 to 2017. He has been Vice President of Division II, Operations at Community Health Systems, Inc. from 2010 to 2016. Mr. Horrar served as the Chief Operating Officer of Medical Facilities Corporation since July 2017 until October 25, 2017. He served as the President of Division III Operations at Community Health Systems, Inc. and CHS/Community Health Systems, Inc. since January 4, 2016 until May 3, 2017. Mr. Horrar served as Vice President of Division II Operations at Community Health Systems, Inc. until January 6, 2016. He served as Vice President of Division II Operations at CHS/Community Health Systems, Inc. He joined Community Health Systems in 1998 and served as its Vice President of Business Development and Managed Care. Formerly, he was with Humana, Inc., for over 11 years and held several key management positions, including Executive Director for Nevada Operations. Mr. Horrar is a seasoned healthcare leader with more than 25 years of experience in health plan and hospital operations. His experience includes managing the development of provider networks in Florida, Texas and Nevada, sales and marketing for HMO and PPO products and medical management functions including quality assurance and utilization review. Mr. Horrar holds a Bachelor of Science degree in Economics from Centre College in Kentucky and a Master of Science degree in HealthCare Administration from Trinity University in Texas.

CEO Compensation
  • Rob's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Rob's remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Medical Facilities management team in years:

2.6
Average Tenure
  • The tenure for the Medical Facilities management team is about average.
Management Team

Rob Horrar

TITLE
President
COMPENSATION
$1M
AGE
52
TENURE
1.7 yrs

Tyler Murphy

TITLE
Chief Financial Officer
COMPENSATION
$729K
AGE
48
TENURE
2.4 yrs

Jimmy Porter

TITLE
Vice President of Operations
COMPENSATION
$499K
TENURE
1.4 yrs

Jim Rolfe

TITLE
Chief Development Officer
COMPENSATION
$746K
TENURE
2.8 yrs

R. Curd

TITLE
Chief Executive Officer of Sioux Falls Specialty Hospital LLP
COMPENSATION
$667K
TENURE
4.3 yrs

William May

TITLE
Compliance Resource Director
COMPENSATION
$398K

Kevin Blaylock

TITLE
Chief Executive Officer of Oklahoma Spine Hospital LLC
COMPENSATION
$260K
TENURE
10.8 yrs

Carrie Helm

TITLE
Chief Executive Officer of Arkansas Surgical Hospital LLC
COMPENSATION
$456K
Board of Directors Tenure

Average tenure and age of the Medical Facilities board of directors in years:

3.3
Average Tenure
64
Average Age
  • The tenure for the Medical Facilities board of directors is about average.
Board of Directors

Jeff Lozon

TITLE
Chairman of the Board
COMPENSATION
$105K
AGE
66
TENURE
0.1 yrs

Rob Horrar

TITLE
President
COMPENSATION
$1M
AGE
52
TENURE
1.6 yrs

Dave Bellaire

TITLE
Independent Director
COMPENSATION
$117K
AGE
64
TENURE
5.3 yrs

Dale Lawr

TITLE
Independent Director
COMPENSATION
$105K
AGE
67
TENURE
4.6 yrs

Stephen Dineley

TITLE
Independent Director
COMPENSATION
$120K
AGE
66
TENURE
3.3 yrs

Marilynne Day-Linton

TITLE
Director
COMPENSATION
$162K
AGE
62
TENURE
6.4 yrs

Reza Shahim

TITLE
Non-Executive Non-Independent Director
COMPENSATION
$106K
AGE
50
TENURE
1.8 yrs

Erin Enright

TITLE
Director
COMPENSATION
$41K
AGE
57
TENURE
0.8 yrs

Pat Tlustos

TITLE
Director of Medical Facilities USA
AGE
68
TENURE
15.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Medical Facilities's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Medical Facilities has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Is It Time To Consider Buying Medical Facilities Corporation (TSE:DR)?

A question to answer is whether Medical Facilities's current trading price of CA$12.91 reflective of the actual value of the small-cap? … I find that Medical Facilities’s ratio of 47.26x is trading in-line with its industry peers’ ratio, which means if you buy Medical Facilities today, you’d be paying a relatively fair price for it. … Given that Medical Facilities’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on.

Simply Wall St -

Some Medical Facilities (TSE:DR) Shareholders Are Down 31%

Unfortunately, that's been the case for longer term Medical Facilities Corporation (TSE:DR) shareholders, since the share price is down 31% in the last three years, falling well short of the market return of around 24%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … Medical Facilities saw its EPS decline at a compound rate of 9.2% per year, over the last three years.

Simply Wall St -

Here's How We Evaluate Medical Facilities Corporation's (TSE:DR) Dividend

Today we'll take a closer look at Medical Facilities Corporation (TSE:DR) from a dividend investor's perspective. Owning a strong business and reinvesting the dividends is widely seen as an attractive way of growing your wealth. If you are hoping to live on the income from dividends, it's important to be a lot more stringent with your investments than the average punter. In this case, Medical Facilities likely looks attractive to investors, given its 8.9% dividend yield and a payment history of over ten years. We'd guess that plenty of investors have purchased it for the income. Some simple analysis can offer a lot of insights when buying a company for its dividend, and we'll go through this below. Click the interactive chart for our full dividend analysis TSX:DR Historical Dividend Yield, May 29th 2019 Payout ratios Dividends are typically paid from company earnings. If a company pays more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. As a result, we should always investigate whether a company can afford its dividend, measured as a percentage of a company's net income after tax. Looking at the data, we can see that 395% of Medical Facilities's profits were paid out as dividends in the last 12 months. Unless there are extenuating circumstances, from the perspective of an investor who hopes to own the company for many years, a payout ratio of above 100% is definitely a concern. In addition to comparing dividends against profits, we should inspect whether the company generated enough cash to pay its dividend. Of the free cash flow it generated last year, Medical Facilities paid out 46% as dividends, suggesting the dividend is affordable. It's good to see that while Medical Facilities's dividends were not covered by profits, at least they are affordable from a cash perspective. If executives were to continue paying more in dividends than the company reported in profits, we'd view this as a warning sign. Extraordinarily few companies are capable of persistently paying a dividend that is greater than their profits. Is Medical Facilities's Balance Sheet Risky? As Medical Facilities's dividend was not well covered by earnings, we need to check its balance sheet for signs of financial distress. A rough way to check this is with these two simple ratios: a) net debt divided by EBITDA (earnings before interest, tax, depreciation and amortisation), and b) net interest cover. … Medical Facilities has been paying dividends for a long time, but for the purpose of this analysis, we only examine the past 10 years of payments. … Dividend Growth Potential While dividend payments have been relatively reliable, it would also be nice if earnings per share (EPS) were growing, as this is essential to maintaining the dividend's purchasing power over the long term. It's not great to see that Medical Facilities's have fallen at approximately 11% over the past five years. If earnings continue to decline, the dividend may come under pressure. Every investor should make an assessment of whether the company is taking steps to stabilise the situation. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

What Kind Of Shareholders Own Medical Facilities Corporation (TSE:DR)?

Generally speaking, as a company grows, institutions will increase their ownership. … Medical Facilities is not a large company by global standards. … Taking a look at our data on the ownership groups (below), it's seems that

Simply Wall St -

What Can We Make Of Medical Facilities Corporation’s (TSE:DR) High Return On Capital?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.

Simply Wall St -

Does Market Volatility Impact Medical Facilities Corporation's (TSE:DR) Share Price?

Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … In comparison a stock with a beta of over one tends to be move in a similar direction to the market in the long term, but with greater changes in price.

Simply Wall St -

Do You Know Medical Facilities Corporation’s (TSE:DR) Cash Situation?

If you are currently a shareholder in Medical Facilities Corporation (TSE:DR), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … Today we will examine Medical Facilities’s ability to generate cash flows, as well as the level of capital expenditure it is expected to incur over the next couple of years, which will result in how much money goes to you. … Medical Facilities’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure.

Simply Wall St -

2 Days Left Until Medical Facilities Corporation (TSE:DR) Trades Ex-Dividend

Have you been keeping an eye on Medical Facilities Corporation's (TSE:DR) upcoming dividend of US$0.094 per share payable on the 15 April 2019? … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into Medical Facilities's latest financial data to analyse its dividend attributes. … 5 questions I ask before picking a dividend stock?

Simply Wall St -

Should You Be Happy With Medical Facilities Corporation's (TSE:DR) Performance Lately?

After reading Medical Facilities Corporation's (TSE:DR) latest earnings update (31 December 2018), I found it beneficial to look back at how the company has performed in the past and compare this against the most recent numbers. … DR's trailing twelve-month earnings (from 31 December 2018) of US$21m has. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 5.8%, indicating the rate at which DR is growing has slowed down

Simply Wall St -

Imagine Owning Medical Facilities And Wondering If The 12% Share Price Slide Is Justified

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During the five years over which the share price declined, Medical Facilities's earnings per share (EPS) dropped by 7.1% each year.

Simply Wall St -

Company Info

Description

Medical Facilities Corporation, through its subsidiaries, owns and operates specialty surgical hospitals and an ambulatory surgery center in the United States. The company’s specialty surgical hospitals provide scheduled surgical, imaging, diagnostic, and other pain management procedures; and other ancillary services, such as urgent care and occupational health. It also offers ambulatory surgery center, which performs scheduled outpatient surgical procedures; and third-party business solutions to healthcare entities. The company was founded in 2004 and is headquartered in Toronto, Canada.

Details
Name: Medical Facilities Corporation
DR
Exchange: TSX
Founded: 2004
CA$400,948,878
31,057,233
Website: http://www.medicalfacilitiescorp.ca
Address: Medical Facilities Corporation
45 St. Clair Avenue West,
Suite 200,
Toronto,
Ontario, M4V 1K6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX DR Common Shares The Toronto Stock Exchange CA CAD 29. Mar 2004
OTCPK MFCS.F Common Shares Pink Sheets LLC US USD 29. Mar 2004
DB 31F Common Shares Deutsche Boerse AG DE EUR 29. Mar 2004
Number of employees
Current staff
Staff numbers
1,833
Medical Facilities employees.
Industry
Health Care Facilities
Healthcare
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/24 00:34
End of day share price update: 2019/06/21 00:00
Last estimates confirmation: 2019/05/28
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.