LSE:SPI

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Spire Healthcare Group

Executive Summary

Spire Healthcare Group plc, together with its subsidiaries, owns and operates private hospitals and clinics in the United Kingdom.


Snowflake Analysis

Proven track record with moderate growth potential.


Similar Companies

Share Price & News

How has Spire Healthcare Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SPI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-0.3%

SPI

4.7%

GB Healthcare

2.2%

GB Market


1 Year Return

-19.6%

SPI

0.7%

GB Healthcare

-10.0%

GB Market

Return vs Industry: SPI underperformed the UK Healthcare industry which returned -0.5% over the past year.

Return vs Market: SPI underperformed the UK Market which returned -9.5% over the past year.


Shareholder returns

SPIIndustryMarket
7 Day-0.3%4.7%2.2%
30 Day0%13.4%9.6%
90 Day-12.2%-7.7%-2.6%
1 Year-18.7%-19.6%2.2%0.7%-5.7%-10.0%
3 Year-69.6%-71.3%-41.3%-44.2%-1.8%-13.8%
5 Year-70.4%-72.7%-21.2%-26.0%15.5%-10.2%

Price Volatility Vs. Market

How volatile is Spire Healthcare Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Spire Healthcare Group undervalued compared to its fair value and its price relative to the market?

7.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SPI (£0.95) is trading below our estimate of fair value (£1.02)

Significantly Below Fair Value: SPI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SPI is poor value based on its PE Ratio (52.9x) compared to the Healthcare industry average (21.5x).

PE vs Market: SPI is poor value based on its PE Ratio (52.9x) compared to the UK market (15x).


Price to Earnings Growth Ratio

PEG Ratio: SPI is poor value based on its PEG Ratio (2x)


Price to Book Ratio

PB vs Industry: SPI is good value based on its PB Ratio (0.4x) compared to the GB Healthcare industry average (1.3x).


Next Steps

Future Growth

How is Spire Healthcare Group forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

26.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SPI's forecast earnings growth (26% per year) is above the savings rate (1.2%).

Earnings vs Market: SPI's earnings (26% per year) are forecast to grow faster than the UK market (20.9% per year).

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

Revenue vs Market: SPI's revenue (2.4% per year) is forecast to grow slower than the UK market (3.5% per year).

High Growth Revenue: SPI's revenue (2.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SPI's Return on Equity is forecast to be low in 3 years time (2.1%).


Next Steps

Past Performance

How has Spire Healthcare Group performed over the past 5 years?

-29.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SPI has high quality earnings.

Growing Profit Margin: SPI's current net profit margins (0.7%) are higher than last year (0.01%).


Past Earnings Growth Analysis

Earnings Trend: SPI's earnings have declined by -29.9% per year over the past 5 years.

Accelerating Growth: SPI's earnings growth over the past year (7100%) exceeds its 5-year average (-29.9% per year).

Earnings vs Industry: SPI earnings growth over the past year (7100%) exceeded the Healthcare industry 85%.


Return on Equity

High ROE: SPI's Return on Equity (0.8%) is considered low.


Next Steps

Financial Health

How is Spire Healthcare Group's financial position?


Financial Position Analysis

Short Term Liabilities: SPI's short term assets (£204.5M) exceed its short term liabilities (£198.0M).

Long Term Liabilities: SPI's short term assets (£204.5M) do not cover its long term liabilities (£1.1B).


Debt to Equity History and Analysis

Debt Level: SPI's debt to equity ratio (45%) is considered high.

Reducing Debt: SPI's debt to equity ratio has increased from 44.2% to 45% over the past 5 years.

Debt Coverage: SPI's debt is well covered by operating cash flow (47.6%).

Interest Coverage: SPI's interest payments on its debt are not well covered by EBIT (1.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Spire Healthcare Group's current dividend yield, its reliability and sustainability?

3.99%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SPI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SPI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SPI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SPI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: SPI is not paying a notable dividend for the UK market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SPI's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

1.7yrs

Average management tenure


CEO

Justin Ash

2.67yrs

Tenure

UK£1,010,100

Compensation

Mr. Justin J. Ash, BA (Hons), has been the Chief Executive Officer and Executive Director of Spire Healthcare Group Plc since October 30, 2017. Mr. Ash served as the Chief Executive Officer at Oasis Healt ...


CEO Compensation Analysis

Compensation vs Market: Justin's total compensation ($USD1.27M) is above average for companies of similar size in the UK market ($USD931.26K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Justin Ash
CEO & Executive Director2.67yrsUK£1.01m0.098% £374.9k
Jitesh Sodha
CFO & Executive Director1.67yrsUK£661.10k0.013% £48.0k
John Forrest
Chief Operating Officer1.67yrsno datano data
Cora McCallum
Head of Investor Relationsno datano datano data
Shelley Thomas
Group Human Resurces Director1.25yrsno datano data
Mathew Mason
Head of Supply Chain & Purchasing (Central)no datano datano data
Peter Corfield
Chief Commercial Officer2.42yrsno datano data

1.7yrs

Average Tenure

Experienced Management: SPI's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Justin Ash
CEO & Executive Director2.67yrsUK£1.01m0.098% £374.9k
Jitesh Sodha
CFO & Executive Director1.67yrsUK£661.10k0.013% £48.0k
Simon Rowlands
Non-Executive Director6yrsUK£50.00k0.20% £747.2k
Anthony Bourne
Independent Non-Executive Director6yrsUK£66.40k0.0030% £11.3k
Garry Watts
Non Executive Chairman9.42yrsUK£317.70k0.16% £620.9k
Martin Angle
Independent Deputy Chairman & Senior Independent Director1.08yrsUK£117.80kno data
Adèle Anderson
Independent Non-Executive Director3.92yrsUK£67.40k0.0024% £9.1k
Dame Janet Husband
Independent Non-Executive Director6yrsUK£92.50k0.0026% £9.7k
Carel van der Merwe
Non-Executive Director2.08yrsUK£50.00kno data
Jenny Kay
Independent Non-Executive Director1yrUK£33.90kno data

3.3yrs

Average Tenure

62yo

Average Age

Experienced Board: SPI's board of directors are considered experienced (3.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: SPI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Spire Healthcare Group plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Spire Healthcare Group plc
  • Ticker: SPI
  • Exchange: LSE
  • Founded: 2007
  • Industry: Health Care Facilities
  • Sector: Healthcare
  • Market Cap: UK£380.787m
  • Shares outstanding: 400.83m
  • Website: https://www.spirehealthcare.com

Number of Employees


Location

  • Spire Healthcare Group plc
  • 3 Dorset Rise
  • London
  • Greater London
  • EC4Y 8EN
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SPILSE (London Stock Exchange)YesOrdinary SharesGBGBPJul 2014
S00DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2014
SPIlBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBGBPJul 2014
SRRH.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2014

Biography

Spire Healthcare Group plc, together with its subsidiaries, owns and operates private hospitals and clinics in the United Kingdom. It offers various treatments in the areas of allergy and infectious diseases, blood tests, bones and joints, bowel treatments, breast screening, cancer investigations and treatments, cosmetic surgery, cyst removal, and dental surgery, as well as ear, nose, and throat treatments. The company also provides eye surgery and treatments, family planning, foreign visa medical exams, gastroenterology, general medicine, general surgery, haematology, hand surgery, hip and knee treatment, and heart and kidney treatments. In addition, it offers treatments in the areas of men's health, neurology, paediatrics, pain management, rehabilitation, sports, physiotherapy, podiatry, respiratory care, and rheumatology; and scans and investigations, skin treatments, spinal care, sports science, urology, vascular care, weight loss, and women's health. Further, the comapny owns and operates Perform, a sports medicine, physiotherapy, and rehabilitation brand; and offers MRI/CT scanning, pathology, and consulting services. As of December 31, 2019, it offered diagnostics, in-patient, daycase, and out-patient care services through 39 hospitals and 8 clinics across England, Wales, and Scotland. Spire Healthcare Group plc was founded in 2007 and is headquartered in London, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 23:57
End of Day Share Price2020/06/04 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.