TSX:SIA

Stock Analysis Report

Sienna Senior Living

Executive Summary

Sienna Senior Living Inc., through its subsidiaries, provides senior housing and long-term care (LTC) services in Canada.

Snowflake

Fundamentals

Moderate growth potential second-rate dividend payer.

Share Price & News

How has Sienna Senior Living's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.1%

SIA

1.6%

CA Healthcare

0.2%

CA Market


1 Year Return

16.8%

SIA

-5.9%

CA Healthcare

3.5%

CA Market

Return vs Industry: SIA exceeded the Canadian Healthcare industry which returned -5.9% over the past year.

Return vs Market: SIA exceeded the Canadian Market which returned 3.5% over the past year.


Shareholder returns

SIAIndustryMarket
7 Day0.1%1.6%0.2%
30 Day1.3%0.5%-3.3%
90 Day-0.8%-7.9%-1.9%
1 Year22.9%16.8%-3.2%-5.9%7.3%3.5%
3 Year39.3%19.3%-0.6%-14.4%14.7%4.4%
5 Year82.6%40.3%55.4%17.1%26.2%7.7%

Price Volatility Vs. Market

How volatile is Sienna Senior Living's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sienna Senior Living undervalued compared to its fair value and its price relative to the market?

161.77x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SIA (CA$19.52) is trading above our estimate of fair value (CA$7.47)

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


Price To Earnings Ratio

PE vs Industry: SIA is poor value based on its PE Ratio (161.8x) compared to the Healthcare industry average (52.3x).

PE vs Market: SIA is poor value based on its PE Ratio (161.8x) compared to the Canadian market (13.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

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


Next Steps

Future Growth

How is Sienna Senior Living forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

25.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIA's forecast earnings growth (25.4% per year) is above the savings rate (1.9%).

Earnings vs Market: SIA's earnings (25.4% per year) are forecast to grow faster than the Canadian market (13% per year).

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

Revenue vs Market: SIA's revenue (2.1% per year) is forecast to grow slower than the Canadian market (5.5% per year).

High Growth Revenue: SIA's revenue (2.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has Sienna Senior Living performed over the past 5 years?

56.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SIA has become profitable over the past 5 years, growing earnings by 56% per year.

Accelerating Growth: SIA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SIA had negative earnings growth (-46%) over the past year, making it difficult to compare to the Healthcare industry average (-46%).


Return on Equity

High ROE: SIA's Return on Equity (1.5%) is considered low.


Return on Assets

ROA vs Industry: SIA's Return on Assets is below or equal to the Healthcare industry average last year.


Return on Capital Employed

ROCE Improving: SIA's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Sienna Senior Living's financial position?


Financial Position Analysis

Short Term Liabilities: SIA's short term assets (CA$47.9M) do not cover its short term liabilities (CA$249.5M)

Long Term Liabilities: SIA's short term assets (47.9M) do not cover its long term liabilities (918.9M)


Debt to Equity History and Analysis

Debt Level: SIA's debt to equity ratio (182.9%) is considered high

Reducing Debt: SIA's debt to equity ratio has reduced from 293.7% to 182.9% over the past 5 years.

Debt Coverage: SIA's debt is not well covered by operating cash flow (9.2%).

Interest Coverage: SIA's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet

Inventory Level: SIA has a high level of physical assets or inventory.

Debt Coverage by Assets: SIA's debt is not covered by short term assets (assets are 0x debt).


Next Steps

Dividend

What is Sienna Senior Living's current dividend yield, its reliability and sustainability?

4.80%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Sienna Senior Living before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company4.8%marketbottom25%2.0%markettop25%5.9%industryaverage1.6%forecastin3Years4.8%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SIA's dividend (4.8%) is higher than the bottom 25% of dividend payers in the Canadian market (1.98%).

High Dividend: SIA's dividend (4.8%) is low compared to the top 25% of dividend payers in the Canadian market (5.92%).

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (759.5%), SIA's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SIA's dividends in 3 years are not forecast to be well covered by earnings (452% payout ratio).


Next Steps

Management

What is the CEO of Sienna Senior Living's salary, the management and board of directors tenure and is there insider trading?

3.1yrs

Average management tenure


CEO

Lois Cormack (58yo)

6.5yrs

Tenure

CA$1,669,168

Compensation

Ms. Lois Cormack, MHSc, ICD.D, RN, has been Director at Allied Properties REIT since May 12, 2018. She has been President and Chief Executive Officer at Sienna Senior Living Inc. since April 22, 2013. For  ...


CEO Compensation Analysis

Compensation vs. Market: Lois's total compensation ($USD1.28M) is about average for companies of similar size in the Canadian market ($USD1.63M).

Compensation vs Earnings: Lois's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

3.1yrs

Average Tenure

Experienced Management: SIA's management team is considered experienced (3.1 years average tenure).


Board Age and Tenure

5.9yrs

Average Tenure

64yo

Average Age

Experienced Board: SIA's board of directors are considered experienced (5.9 years average tenure).


Insider Trading

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


Recent Insider Transactions

SellCA$317,86322 May 19
Paula Coleman
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares16,800
Max PriceCA$18.96
SellCA$170,80517 May 19
Paula Coleman
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares9,000
Max PriceCA$19.02
SellCA$180,72809 Apr 19
Joanne Dykeman
EntityIndividual
Role
Co-Chief Operating Officer
Executive Vice-President of Operations
Shares9,839
Max PriceCA$18.52
SellCA$338,28513 Mar 19
Paula Coleman
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares18,400
Max PriceCA$18.39
SellCA$453,58305 Mar 19
Paula Coleman
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares25,000
Max PriceCA$18.17
SellCA$414,12527 Feb 19
Paula Coleman
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares23,000
Max PriceCA$18.05
SellCA$394,82225 Feb 19
Paula Coleman
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares22,000
Max PriceCA$18.00
SellCA$1,69404 Dec 18
Paula Coleman
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares100
Max PriceCA$16.94
SellCA$101,17729 Nov 18
Paula Coleman
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares6,000
Max PriceCA$16.91
BuyCA$82,64628 Nov 18
Stephen Sender
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares4,940
Max PriceCA$16.73
BuyCA$74,38520 Nov 18
Jack MacDonald
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares4,500
Max PriceCA$16.53

Ownership Breakdown


Management Team

  • Cristina Alaimo

    General Counsel & Corporate Secretary

    • Tenure: 4.8yrs
    • Compensation: CA$283.15k
  • Lois Cormack (58yo)

    President

    • Tenure: 6.5yrs
    • Compensation: CA$1.67m
  • Tracy Jones

    President of Preferred Healthcare Services

    • Tenure: 0yrs
    • Compensation: CA$180.51k
  • Nitin Jain

    CFO & Chief Investment Officer

    • Tenure: 5.3yrs
    • Compensation: CA$960.75k
  • Faruq Rashid

    Interim Vice President of Corporate Finance

    • Tenure: 0yrs
  • Joanne Dykeman

    Executive Vice-President of Operations

    • Tenure: 3.1yrs
    • Compensation: CA$631.75k
  • Lisa Kachur

    Executive Vice-President of Operations

    • Tenure: 3.1yrs
    • Compensation: CA$621.89k
  • Olga Giovanniello

    Executive Vice President of People & Culture

    • Tenure: 0.8yrs
  • Nancy Webb

    Vice President of Marketing & Communications

    • Tenure: 0.8yrs

Board Members

  • Dino Chiesa (70yo)

    Independent Chairman of the Board

    • Tenure: 9.6yrs
    • Compensation: CA$207.30k
  • Brian Johnston (60yo)

    Independent Director

    • Tenure: 0.4yrs
  • Janet Graham (64yo)

    Independent Director

    • Tenure: 9.6yrs
    • Compensation: CA$137.30k
  • Lois Cormack (58yo)

    President

    • Tenure: 6.5yrs
    • Compensation: CA$1.67m
  • Jack MacDonald (73yo)

    Independent Director

    • Tenure: 9.6yrs
    • Compensation: CA$116.30k
  • Paula Coleman (66yo)

    Independent Director

    • Tenure: 5.7yrs
    • Compensation: CA$107.30k
  • Stephen Sender (60yo)

    Independent Director

    • Tenure: 2.4yrs
    • Compensation: CA$117.30k

Company Information

Sienna Senior Living Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sienna Senior Living Inc.
  • Ticker: SIA
  • Exchange: TSX
  • Founded: 1972
  • Industry: Health Care Facilities
  • Sector: Healthcare
  • Market Cap: CA$1.301b
  • Shares outstanding: 66.65m
  • Website: https://www.siennaliving.ca

Number of Employees


Location

  • Sienna Senior Living Inc.
  • 302 Town Center Boulevard
  • Suite 300
  • Markham
  • Ontario
  • L3R 0E8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SIATSX (The Toronto Stock Exchange)YesCommon SharesCACADMar 2010
LWSC.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDMar 2010
636DB (Deutsche Boerse AG)YesCommon SharesDEEURMar 2010

Biography

Sienna Senior Living Inc., through its subsidiaries, provides senior housing and long-term care (LTC) services in Canada. It operates through LTC and Retirement segments. The company offers a range of seni ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 00:15
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.