Assura
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Assura plc, a constituent of the FTSE 250 and the EPRA* indices, is a UK REIT and long-term investor in and developer of primary care property. The last earnings update was 87 days ago. More info.
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AGR Share Price and Events
7 Day Returns
1 Year Returns
AGR Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Assura (AGR) | 0.7% | 6.6% | 1% | -2.2% | 8.5% | 41.3% |
| GB REITs | -0.4% | 3.4% | -0.7% | -4.7% | -3.7% | 1.8% |
| GB Market | 1.5% | 4.5% | 2.5% | -3% | 20.8% | -3.8% |
1 Year Return vs Industry and Market
- AGR outperformed the REITs industry which returned -4.7% over the past year.
AGR Value
Is Assura 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
Assura
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Assura.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 3 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.2% |
| Perpetual Growth Rate | 10-Year GB Government Bond Rate | 1.2% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year GB Govt Bond Rate | 1.2% |
| Equity Risk Premium | S&P Global | 8.8% |
| REITs Unlevered Beta | Simply Wall St/ S&P Global | 0.48 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.477 (1 + (1- 19%) (47.04%)) |
0.659 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.8 * 8.77%) |
8.25% |
Discounted Cash Flow Calculation for LSE:AGR using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Assura is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (GBP, Millions) | 66.36 | 70.78 | 75.35 | 88.09 | 102.18 |
| Source | Analyst x1 | Analyst x1 | Analyst x1 | Est @ 16.91% | Est @ 16%, capped from 16.91% |
|
Present Value Discounted (@ 8.25%) |
61.31 | 60.41 | 59.41 | 64.16 | 68.76 |
| Present value of next 5 years cash flows | £314.05 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= £102.18 × (1 + 1.23%) ÷ (8.25% – 1.23%) |
£1,473.81 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= £1,473.81 ÷ (1 + 8.25%)5 |
£991.73 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= £314.05 + £991.73 |
£1,305.78 |
| Equity Value per Share (GBP) |
= Total value / Shares Outstanding
= £1,305.78 / 2,398.37 |
£0.54 |
| Calculation | Result | |
|---|---|---|
| Value per share (GBP) | From above. | £0.54 |
| Current discount | Discount to share price of
£0.58
= -1 x (£0.58 - £0.54) / £0.54 |
-6.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Assura is above its future cash flow value.
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 Assura's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Assura's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in GBP | £0.02 |
| LSE:AGR Share Price ** | LSE (2019-02-15) in GBP | £0.58 |
| United Kingdom of Great Britain and Northern Ireland REITs Industry PE Ratio | Median Figure of 47 Publicly-Listed REITs Companies | 10.75x |
| United Kingdom of Great Britain and Northern Ireland Market PE Ratio | Median Figure of 814 Publicly-Listed Companies | 15.87x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Assura.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = LSE:AGR Share Price ÷ EPS (both in GBP) = 0.58 ÷ 0.02 |
37.06x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Assura is overvalued based on earnings compared to the GB REITs industry average.
- Assura is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does
Assura's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 37.06x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
25.2%per year |
| United Kingdom of Great Britain and Northern Ireland REITs Industry PEG Ratio | Median Figure of 29 Publicly-Listed REITs Companies | 0.31x |
| United Kingdom of Great Britain and Northern Ireland Market PEG Ratio | Median Figure of 579 Publicly-Listed Companies | 1.26x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 37.06x ÷ 25.2% |
1.47x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Assura is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Assura's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in GBP | £0.53 |
| LSE:AGR Share Price * | LSE (2019-02-15) in GBP | £0.58 |
| United Kingdom of Great Britain and Northern Ireland REITs Industry PB Ratio | Median Figure of 54 Publicly-Listed REITs Companies | 0.91x |
| United Kingdom of Great Britain and Northern Ireland Market PB Ratio | Median Figure of 1,362 Publicly-Listed Companies | 1.51x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = LSE:AGR Share Price ÷ Book Value per Share (both in GBP) = 0.58 ÷ 0.53 |
1.1x |
* Primary Listing of Assura.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Assura is overvalued based on assets compared to the GB REITs industry average.
Value checks
We assess Assura's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check) Assura has a total score of 0/6, 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.
AGR Future Performance
How is Assura expected to perform in the next 1 to 3 years based on estimates from 3 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!
Earnings growth vs Low Risk Savings
- Assura's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
- Assura's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
- Assura's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| LSE:AGR Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 25.2% |
| LSE:AGR Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | 10.7% |
| United Kingdom of Great Britain and Northern Ireland REITs Industry Earnings Growth Rate | Market Cap Weighted Average | 19.5% |
| United Kingdom of Great Britain and Northern Ireland REITs Industry Revenue Growth Rate | Market Cap Weighted Average | 3.5% |
| United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate | Market Cap Weighted Average | 10.2% |
| United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate | Market Cap Weighted Average | 3.7% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-03-31 | 118 | 104 | 121 | 2 |
| 2020-03-31 | 104 | 96 | 124 | 3 |
| 2019-03-31 | 94 | 87 | 101 | 3 |
| Date (Data in GBP Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 92 | 62 | 36 |
| 2018-06-30 | 88 | 56 | 54 |
| 2018-03-31 | 84 | 50 | 72 |
| 2017-12-31 | 80 | 47 | 99 |
| 2017-09-30 | 76 | 44 | 127 |
| 2017-06-30 | 74 | 41 | 111 |
| 2017-03-31 | 71 | 39 | 95 |
| 2016-12-31 | 69 | 34 | 65 |
| 2016-09-30 | 66 | 29 | 34 |
| 2016-06-30 | 64 | 26 | 31 |
| 2016-03-31 | 61 | 23 | 28 |
| 2015-12-31 | 59 | 20 | 42 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from Assura Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-03-31 | 0.05 | 0.05 | 0.05 | 1.00 |
| 2020-03-31 | 0.05 | 0.05 | 0.05 | 1.00 |
| 2019-03-31 | 0.04 | 0.04 | 0.04 | 1.00 |
| Date (Data in GBP Millions) | EPS * |
|---|---|
| 2018-09-30 | 0.02 |
| 2018-06-30 | 0.03 |
| 2018-03-31 | 0.04 |
| 2017-12-31 | 0.05 |
| 2017-09-30 | 0.07 |
| 2017-06-30 | 0.07 |
| 2017-03-31 | 0.06 |
| 2016-12-31 | 0.04 |
| 2016-09-30 | 0.02 |
| 2016-06-30 | 0.02 |
| 2016-03-31 | 0.02 |
| 2015-12-31 | 0.04 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Assura's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Assura has a total score of 4/6, 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.
AGR Past Performance
How has Assura 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
Past Earnings growth analysis
- Assura has delivered over 20% year on year earnings growth in the past 5 years.
- Assura's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Assura's 1-year earnings growth is negative, it can't be compared to the GB REITs industry average.
Earnings and Revenue History
All data from Assura Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in GBP Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-30 | 92.00 | 35.80 | 8.70 | |
| 2018-06-30 | 87.75 | 53.80 | 8.45 | |
| 2018-03-31 | 83.50 | 71.80 | 8.20 | |
| 2017-12-31 | 79.80 | 99.40 | 7.85 | |
| 2017-09-30 | 76.10 | 127.00 | 7.50 | |
| 2017-06-30 | 73.60 | 111.15 | 7.30 | |
| 2017-03-31 | 71.10 | 95.30 | 7.10 | |
| 2016-12-31 | 68.55 | 64.85 | 6.95 | |
| 2016-09-30 | 66.00 | 34.40 | 6.80 | |
| 2016-06-30 | 63.50 | 31.15 | 7.40 | |
| 2016-03-31 | 61.00 | 27.90 | 8.00 | |
| 2015-12-31 | 58.95 | 42.00 | 7.90 | |
| 2015-09-30 | 56.90 | 56.10 | 7.80 | |
| 2015-06-30 | 54.00 | 46.65 | 7.10 | |
| 2015-03-31 | 51.10 | 37.20 | 6.40 | |
| 2014-09-30 | 44.50 | 28.30 | 6.10 | |
| 2014-06-30 | 42.20 | 26.05 | 5.90 | |
| 2014-03-31 | 39.90 | 23.80 | 5.70 | |
| 2013-09-30 | 37.80 | 19.10 | 6.00 | |
| 2013-06-30 | 37.45 | 15.90 | 5.75 | |
| 2013-03-31 | 37.10 | 12.70 | 5.50 | |
| 2012-12-31 | 39.67 | -12.85 | 5.55 | |
| 2012-09-30 | 40.20 | -43.60 | 4.60 | |
| 2012-06-30 | 38.95 | -52.95 | 4.55 | |
| 2012-03-31 | 37.70 | -62.30 | 4.50 |
*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.
- Assura has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Assura used its assets less efficiently than the GB REITs industry average last year based on Return on Assets.
- Assura's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Assura's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Assura has a total score of 1/6, 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.
AGR Health
How is Assura'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 Assura's finances.
The net worth of a company is the difference between its assets and liabilities.
- Assura is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Assura's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.2x 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.
All data from Assura Company Filings, last reported 4 months ago.
| Date (Data in GBP Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-30 | 1,261.80 | 655.50 | 96.10 |
| 2018-06-30 | 1,261.80 | 655.50 | 96.10 |
| 2018-03-31 | 1,250.40 | 489.10 | 26.70 |
| 2017-12-31 | 1,250.40 | 489.10 | 26.70 |
| 2017-09-30 | 971.20 | 591.00 | 21.90 |
| 2017-06-30 | 971.20 | 591.00 | 21.90 |
| 2017-03-31 | 818.00 | 523.10 | 23.30 |
| 2016-12-31 | 818.00 | 523.10 | 23.30 |
| 2016-09-30 | 780.50 | 450.10 | 27.70 |
| 2016-06-30 | 780.50 | 450.10 | 27.70 |
| 2016-03-31 | 754.30 | 372.20 | 43.70 |
| 2015-12-31 | 754.30 | 372.20 | 43.70 |
| 2015-09-30 | 476.70 | 546.50 | 24.40 |
| 2015-06-30 | 476.70 | 546.50 | 24.40 |
| 2015-03-31 | 451.90 | 516.50 | 65.30 |
| 2014-09-30 | 257.00 | 539.80 | 13.50 |
| 2014-06-30 | 257.00 | 539.80 | 13.50 |
| 2014-03-31 | 226.60 | 455.20 | 27.60 |
| 2013-09-30 | 207.70 | 454.90 | 7.50 |
| 2013-06-30 | 207.70 | 454.90 | 7.50 |
| 2013-03-31 | 198.10 | 398.80 | 15.60 |
| 2012-12-31 | 198.10 | 398.80 | 15.60 |
| 2012-09-30 | 192.70 | 390.00 | 11.90 |
| 2012-06-30 | 192.70 | 390.00 | 11.90 |
| 2012-03-31 | 187.90 | 381.30 | 12.20 |
- Assura's level of debt (51.9%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (218.9% vs 51.9% today).
- Debt is not well covered by operating cash flow (9.5%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 3.6x coverage).
Financial health checks
We assess Assura's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Assura has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
AGR Dividends
What is Assura'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
If you bought
£2,000 of
Assura
shares you are expected to receive
£94
in your first year as a dividend.
Dividend Amount
- Assura's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.99%).
- Assura's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.25%).
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.
| 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 3 Analyst Estimates (S&P Global) | See Below |
| United Kingdom of Great Britain and Northern Ireland REITs Industry Average Dividend Yield | Market Cap Weighted Average of 50 Stocks | 4.6% |
| United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield | Market Cap Weighted Average of 710 Stocks | 4.2% |
| United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield | 25th Percentile | 2% |
| United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield | 75th Percentile | 5.3% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in £) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-03-31 | 0.03 | 4.00 |
| 2020-03-31 | 0.03 | 4.00 |
| 2019-03-31 | 0.03 | 4.00 |
| Date (Data in £) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-12-06 | 0.027 | 4.941 |
| 2018-11-22 | 0.027 | 5.049 |
| 2018-09-06 | 0.026 | 4.733 |
| 2018-06-07 | 0.026 | 4.614 |
| 2018-03-08 | 0.026 | 4.454 |
| 2017-11-17 | 0.026 | 4.351 |
| 2017-11-16 | 0.026 | 4.545 |
| 2017-09-07 | 0.024 | 3.877 |
| 2017-06-08 | 0.024 | 3.765 |
| 2017-03-09 | 0.024 | 3.999 |
| 2016-12-08 | 0.024 | 4.268 |
| 2016-11-22 | 0.024 | 4.122 |
| 2016-09-08 | 0.022 | 3.756 |
| 2016-06-16 | 0.022 | 3.854 |
| 2016-03-10 | 0.022 | 3.971 |
| 2015-12-09 | 0.022 | 4.057 |
| 2015-11-19 | 0.022 | 3.973 |
| 2015-10-13 | 0.020 | 3.596 |
| 2015-06-18 | 0.020 | 3.617 |
| 2015-05-21 | 0.020 | 3.398 |
| 2014-11-27 | 0.020 | 3.641 |
| 2014-11-25 | 0.020 | 4.089 |
| 2014-10-15 | 0.018 | 3.727 |
| 2014-06-10 | 0.018 | 4.019 |
| 2014-04-02 | 0.018 | 4.154 |
| 2013-12-20 | 0.018 | 4.471 |
| 2013-11-26 | 0.018 | 4.703 |
| 2013-10-03 | 0.012 | 3.341 |
| 2013-06-17 | 0.012 | 3.453 |
| 2013-01-31 | 0.012 | 3.432 |
| 2012-12-24 | 0.011 | 3.379 |
| 2012-11-28 | 0.011 | 3.329 |
| 2012-08-07 | 0.011 | 3.442 |
| 2012-06-26 | 0.011 | 3.778 |
| 2011-11-23 | 0.000 | 0.000 |
| 2011-10-17 | 0.000 | 0.000 |
| 2011-06-21 | 0.025 | 5.895 |
| 2010-11-23 | 0.020 | 4.416 |
| 2009-11-26 | 0.000 | 0.000 |
| 2009-06-30 | 0.000 | 0.000 |
| 2009-06-29 | 0.000 | 0.000 |
| 2009-02-18 | 0.000 | 0.000 |
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
Assura's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.3x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
Income/ dividend checks
We assess Assura's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Assura afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Assura has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
AGR Management
CEO
| COMPENSATION | £1,513,000 |
| AGE | 46 |
| TENURE AS CEO | 2.3 years |
CEO Bio
Mr. Jonathan Stewart Murphy, ACA, MBA has been the Chief Executive Officer of Assura Plc since February 27, 2017. Mr. Murphy serves as Company Secretary of Regenesis Group PLC. He has significant experience in real estate, capital markets and investment. He has an extensive experience of property management at Brooks Macdonald Group plc, where he served as its Finance Director of the fund management business and Managing Director for the property management business. He served as Interim Chief Executive Officer at Assura Plc from October 3, 2016 to February 27, 2017 and also its Finance Director from January 2, 2013 to February 27, 2017. Mr. Murphy served as a Company Secretary at Assura Plc until October 12, 2016. Mr. Murphy served as Finance Director and Company Secretary of Braemar Group Limited/Braemar Group plc. He joined Braemar in February 2006 and Assura in January 2013. His earlier career included commercial and strategic roles at Spirit Group and Vodafone. He served as a Strategy Manager of Spirit Pub Company plc (Spirit Group). He has been an Executive Director of Assura Plc since January 2, 2013 and serves as its Member of Executive Board. He served as an Executive Director of Braemar Group Limited since June 13, 2006. He served as a Director of Ground Rents Income Fund PLC from May 19, 2012 to November 7, 2012. He is qualified as a Chartered Accountant with PricewaterhouseCoopers in 1996, holding management roles in both the UK and Asia. He led teams in Bangkok in 1999 and provided strategic advice to stakeholders on restructuring of under-performing companies. He has an MBA from IESE, the European Business School in Barcelona.
CEO Compensation
- Jonathan's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
- Jonathan's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure
Average tenure of the Assura management team in years:
- The average tenure for the Assura management team is less than 2 years, this suggests a new team.
Management Team
Jonathan Murphy
CEO, Member of Executive Board & Executive Director
£2M
46
2.3 yrs
Jayne Cottam
CFO, Member of Executive Board & Executive Director
£235K
1.4 yrs
Andrew Darke
Consultant
£1M
0.9 yrs
Orla Ball
Head of Legal
Patrick Lowther
Head of Investment & Member of Executive Board
Simon Gould
Head of Development & Member of Executive Board
Claire Rick
Head of Public Affairs and Marketing
1.1 yrs
Belinda Lewis
Head of HR
0.3 yrs
David Purcell
Head of Financial Reporting
1.1 yrs
Paul Carroll
Group Financial Controller
48
Board of Directors Tenure
Average tenure and age of the Assura board of directors in years:
- The average tenure for the Assura board of directors is less than 3 years, this suggests a new board.
Board of Directors
Ed Smith
Non-Executive Chairman
£17K
0.6 yrs
Jonathan Murphy
CEO, Member of Executive Board & Executive Director
£2M
46
6.1 yrs
Jayne Cottam
CFO, Member of Executive Board & Executive Director
£235K
1.4 yrs
David Richardson
Chairman of Supervisory Board
£55K
66
Jenefer Greenwood
Non-Executive Director
£46K
60
6.8 yrs
Jonathan Davies
Non-Executive Director
56
0.7 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (£) | Value (£) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 01. Jun 18 | Buy | Jayne Cottam | Individual | 31. May 18 | 31. May 18 | 26,000 | £0.58 | £14,950 | ||
Management checks
We assess Assura's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Assura 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.
AGR News
Simply Wall St News
You May Have Been Looking At Assura Plc (LON:AGR) All Wrong
REITs own and operate income-generating property and adhere to a different set of regulations. … A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent … FFO is a cleaner and more representative figure of how much AGR actually makes from its day-to-day operations, compared to net income, which can be affected by one-off activities or non-cash items such as depreciation.
Simply Wall St - – Full articleRead This Before Judging Assura Plc's (LON:AGR) ROE
This article is for those who would like to learn about Return On Equity (ROE). … That means that for every £1 worth of shareholders' equity, it generated £0.028 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWhy Assura Plc (LON:AGR) Could Be Your Next Investment
As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook.
Simply Wall St - – Full articleWhat Should We Expect From Assura Plc's (LON:AGR) Earnings In The Next 12 Months?
Based on Assura Plc's (LON:AGR) earnings update in March 2018, … it seems that analyst forecasts are substantially optimistic, … with earnings expected to grow by a high double-digit of 97% in the upcoming year,
Simply Wall St - – Full articleShould You Invest In Assura Plc (LON:AGR)?
This impacts how AGR’s business operates and also how we should analyse its stock. … REIT investors should be familiar with the term Fund from Operations (FFO) – a REIT’s main source of cash flow from its day-to-day business activities … These items can distort the bottom line and not necessarily reflective of AGR’s daily operations.
Simply Wall St - – Full articleHow Do Analysts See Assura Plc (LON:AGR) Performing Over The Next Few Years?
In March 2018, Assura Plc (LON:AGR) released its latest earnings announcement, whicha … confirmed … company
Simply Wall St - – Full articleWhy Assura Plc (LON:AGR) Should Have A Place In Your Portfolio
Today I've chosen to put the spotlight on Assura Plc (LON:AGR) due to its excellent fundamentals in more than one area. … that has been able to sustain great financial health over the past … Below, I've touched on some key aspects you should know on a high level
Simply Wall St - – Full articleOne Metric To Rule Them All: Assura Plc (LON:AGR)
real estate investment trust (REIT) based in Warrington, United Kingdom. … REIT investors should be familiar with the term Fund from Operations (FFO) – a REIT’s main source of cash flow from its day-to-day business activities … These items can distort the bottom line and not necessarily reflective of AGR’s daily operations.
Simply Wall St - – Full articleShould Income Investors Buy Assura Plc (LON:AGR) Before Its Ex-Dividend?
To qualify for the dividend check of £0.0066 per share, investors must have owned the shares prior to 14 June 2018, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … Below, I will explain how holding Assura can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … 5 checks you should do on a dividend stock?
Simply Wall St - – Full articleWhat Should You Know About Assura Plc's (LON:AGR) Future?
Below is a brief commentary on my key takeaways on how market analysts predict Assura's earnings growth trajectory over the next few years and whether the future looks brighter. … View our latest analysis for Assura Market analysts' prospects for this coming year seems buoyant, with earnings growth more than doubling. … The slope of this line is the rate of earnings growth, which in this case is 13.19%.
Simply Wall St - – Full articleAGR Company Info
Map
Description
Assura plc, a constituent of the FTSE 250 and the EPRA* indices, is a UK REIT and long-term investor in and developer of primary care property. The company, headquartered in Warrington, works with GPs, health professionals and the NHS to create innovative property solutions in order to facilitate delivery of high-quality patient care in the community. At 30 September 2018, Assura's property portfolio was valued at £1,843 million.
Details
| Name: | Assura Plc |
| AGR | |
| Exchange: | LSE |
| Founded: | |
| £1,393,454,012 | |
| 2,398,371,795 | |
| Website: | http://www.assuraplc.com |
| Address: |
Assura Plc The Brew House, Greenalls Avenue, Warrington, East Lothian, WA4 6HL, United Kingdom |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| LSE | AGR | New Ordinary Shares | London Stock Exchange | GB | GBP | 21. Nov 2003 | |
| DB | A14M2K | New Ordinary Shares | Deutsche Boerse AG | DE | EUR | 21. Nov 2003 |
Number of employees
Current staff
Industry
| Health Care REITs | |
| Real Estate |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/17 23:07 |
| End of day share price update: | 2019/02/15 00:00 |
| Last estimates confirmation: | 2019/02/08 |
| Last earnings filing: | 2018/11/22 |
| Last earnings reported: | 2018/09/30 |
| Last annual earnings reported: | 2018/03/31 |
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.
