| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
NWH.UN Stock Overview
NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (NorthWest) is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 41.6% per year for the next 3 years
+ 1 more risk
NorthWest Healthcare Properties Real Estate Investment Trust Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$12.24 |
| 52 Week High | CA$14.42 |
| 52 Week Low | CA$11.90 |
| Beta | 0.79 |
| 1 Month Change | -6.92% |
| 3 Month Change | -12.63% |
| 1 Year Change | -4.82% |
| 3 Year Change | 3.91% |
| 5 Year Change | 14.61% |
| Change since IPO | 38.15% |
Recent News & Updates
Shareholder Returns
| NWH.UN | CA REITs | CA Market | |
|---|---|---|---|
| 7D | 0.6% | 0.8% | 0.1% |
| 1Y | -4.8% | -11.6% | -2.6% |
Return vs Industry: NWH.UN exceeded the Canadian REITs industry which returned -11.7% over the past year.
Return vs Market: NWH.UN matched the Canadian Market which returned -4% over the past year.
Price Volatility
| NWH.UN volatility | |
|---|---|
| NWH.UN Average Weekly Movement | 2.8% |
| REITs Industry Average Movement | 3.8% |
| Market Average Movement | 10.0% |
| 10% most volatile stocks in CA Market | 17.3% |
| 10% least volatile stocks in CA Market | 4.4% |
Stable Share Price: NWH.UN is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: NWH.UN's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | n/a | Paul Dalla Lana | https://www.nwhreit.com |
NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH UN) (NorthWest) is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. As at September 30, 2020, the REIT provides investors with access to a portfolio of high quality international healthcare real estate infrastructure comprised of interests in a diversified portfolio of 190 income-producing properties and 15.4 million square feet of gross leasable area located throughout major markets in Canada, Brazil, Europe, Australia and New Zealand.
NorthWest Healthcare Properties Real Estate Investment Trust Fundamentals Summary
| NWH.UN fundamental statistics | |
|---|---|
| Market Cap | CA$2.93b |
| Earnings (TTM) | CA$421.64m |
| Revenue (TTM) | CA$518.03m |
6.9x
P/E Ratio5.6x
P/S RatioIs NWH.UN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NWH.UN income statement (TTM) | |
|---|---|
| Revenue | CA$518.03m |
| Cost of Revenue | CA$88.67m |
| Gross Profit | CA$429.37m |
| Other Expenses | CA$7.73m |
| Earnings | CA$421.64m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 1.78 |
| Gross Margin | 82.88% |
| Net Profit Margin | 81.39% |
| Debt/Equity Ratio | 85.1% |
How did NWH.UN perform over the long term?
See historical performance and comparisonDividends
6.5%
Current Dividend Yield76%
Payout RatioDoes NWH.UN pay a reliable dividends?
See NWH.UN dividend history and benchmarks| NorthWest Healthcare Properties Real Estate Investment Trust dividend dates | |
|---|---|
| Ex Dividend Date | Jun 29 2022 |
| Dividend Pay Date | Jul 15 2022 |
| Days until Ex dividend | 0 days |
| Days until Dividend pay date | 16 days |
Does NWH.UN pay a reliable dividends?
See NWH.UN dividend history and benchmarksValuation
Is NWH.UN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NWH.UN?
Other financial metrics that can be useful for relative valuation.
| What is NWH.UN's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | CA$2.93b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 13.7x |
| Enterprise Value/EBITDA | 18.2x |
| PEG Ratio | -0.2x |
Price to Earnings Ratio vs Peers
How does NWH.UN's PE Ratio compare to its peers?
| NWH.UN PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 7.8x | ||
SMU.UN Summit Industrial Income REIT | 2.6x | n/a | CA$3.3b |
CRR.UN Crombie Real Estate Investment Trust | 19.2x | n/a | CA$2.8b |
DIR.UN Dream Industrial Real Estate Investment Trust | 3.2x | -67.3% | CA$3.3b |
KMP.UN Killam Apartment REIT | 6.2x | n/a | CA$2.1b |
NWH.UN NorthWest Healthcare Properties Real Estate Investment Trust | 6.9x | -41.6% | CA$2.9b |
Price-To-Earnings vs Peers: NWH.UN is good value based on its Price-To-Earnings Ratio (6.9x) compared to the peer average (7.8x).
Price to Earnings Ratio vs Industry
How does NWH.UN's PE Ratio compare vs other companies in the CA REITs Industry?
Price-To-Earnings vs Industry: NWH.UN is expensive based on its Price-To-Earnings Ratio (6.9x) compared to the Canadian REITs industry average (4.8x)
Price to Earnings Ratio vs Fair Ratio
What is NWH.UN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 6.9x |
| Fair PE Ratio | 8.8x |
Price-To-Earnings vs Fair Ratio: NWH.UN is good value based on its Price-To-Earnings Ratio (6.9x) compared to the estimated Fair Price-To-Earnings Ratio (8.8x).
Share Price vs Fair Value
What is the Fair Price of NWH.UN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NWH.UN (CA$12.24) is trading below our estimate of fair value (CA$32.21)
Significantly Below Fair Value: NWH.UN is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: NWH.UN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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Future Growth
How is NorthWest Healthcare Properties Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
-41.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NWH.UN's earnings are forecast to decline over the next 3 years (-41.6% per year).
Earnings vs Market: NWH.UN's earnings are forecast to decline over the next 3 years (-41.6% per year).
High Growth Earnings: NWH.UN's earnings are forecast to decline over the next 3 years.
Revenue vs Market: NWH.UN's revenue is expected to decline over the next 3 years (-3.2% per year).
High Growth Revenue: NWH.UN's revenue is forecast to decline over the next 3 years (-3.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if NWH.UN's Return on Equity is forecast to be high in 3 years time
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Past Performance
How has NorthWest Healthcare Properties Real Estate Investment Trust performed over the past 5 years?
Past Performance Score
3/6Past Performance Score 3/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
35.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NWH.UN has a large one-off gain of CA$528.4M impacting its March 31 2022 financial results.
Growing Profit Margin: NWH.UN's current net profit margins (81.4%) are higher than last year (59.4%).
Past Earnings Growth Analysis
Earnings Trend: NWH.UN's earnings have grown significantly by 35.7% per year over the past 5 years.
Accelerating Growth: NWH.UN's earnings growth over the past year (62.4%) exceeds its 5-year average (35.7% per year).
Earnings vs Industry: NWH.UN earnings growth over the past year (62.4%) underperformed the REITs industry 163.2%.
Return on Equity
High ROE: NWH.UN's Return on Equity (17.5%) is considered low.
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Financial Health
How is NorthWest Healthcare Properties Real Estate Investment Trust's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: NWH.UN's short term assets (CA$277.5M) do not cover its short term liabilities (CA$1.3B).
Long Term Liabilities: NWH.UN's short term assets (CA$277.5M) do not cover its long term liabilities (CA$2.5B).
Debt to Equity History and Analysis
Debt Level: NWH.UN's net debt to equity ratio (79.1%) is considered high.
Reducing Debt: NWH.UN's debt to equity ratio has reduced from 147.4% to 85.1% over the past 5 years.
Debt Coverage: NWH.UN's debt is not well covered by operating cash flow (4.5%).
Interest Coverage: NWH.UN's interest payments on its debt are well covered by EBIT (7.3x coverage).
Balance Sheet
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Dividend
What is NorthWest Healthcare Properties Real Estate Investment Trust current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
6.54%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NWH.UN's dividend (6.54%) is higher than the bottom 25% of dividend payers in the Canadian market (2.03%).
High Dividend: NWH.UN's dividend (6.54%) is in the top 25% of dividend payers in the Canadian market (5.33%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, NWH.UN has been paying a dividend for less than 10 years.
Growing Dividend: NWH.UN has only been paying a dividend for 7 years, and since then payments have not increased.
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (76.3%), NWH.UN's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (132.4%), NWH.UN's dividend payments are not well covered by cash flows.
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Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Paul Dalla Lana (54 yo)
10.08yrs
Tenure
CA$2,773,813
Compensation
Mr. Paul Dalla Lana is the Founder of NorthWest Healthcare Properties Real Estate Investment Trust and serves as its Chief Executive Officer and Chairman. Mr. Dalla Lana is the Founder of NorthWest Value P...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD2.15M) is about average for companies of similar size in the Canadian market ($USD2.40M).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: NWH.UN's management team is considered experienced (3.8 years average tenure).
Board Members
Experienced Board: NWH.UN's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.
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 10.3%.
Top Shareholders
Company Information
NorthWest Healthcare Properties Real Estate Investment Trust's employee growth, exchange listings and data sources
Key Information
- Name: NorthWest Healthcare Properties Real Estate Investment Trust
- Ticker: NWH.UN
- Exchange: TSX
- Founded: NaN
- Industry: Health Care REITs
- Sector: Real Estate
- Implied Market Cap: CA$2.925b
- Market Cap: CA$2.904b
- Shares outstanding: 239.00m
- Website: https://www.nwhreit.com
Number of Employees
Location
- NorthWest Healthcare Properties Real Estate Investment Trust
- 180 Dundas Street West
- Suite 1100
- Toronto
- Ontario
- M5G 1Z8
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/06/27 00:00 |
| End of Day Share Price | 2022/06/27 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.