Market Cap
UK£2.0b
Last Updated
2020/02/19 22:59 UTC
Data Sources
Company Financials +
Executive Summary
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.
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with proven track record.
Similar Companies
Share Price & News
How has Assura's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AGR has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0.7%
AGR
0.3%
GB REITs
-0.4%
GB Market
1 Year Return
40.5%
AGR
15.1%
GB REITs
6.6%
GB Market
Return vs Industry: AGR exceeded the UK REITs industry which returned 15.1% over the past year.
Return vs Market: AGR exceeded the UK Market which returned 6.6% over the past year.
Shareholder returns
| AGR | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.7% | 0.3% | -0.4% |
| 30 Day | 6.3% | 1.2% | -1.7% |
| 90 Day | 15.0% | 6.5% | 5.4% |
| 1 Year | 46.5%40.5% | 20.2%15.1% | 12.4%6.6% |
| 3 Year | 61.3%41.8% | 29.3%11.1% | 18.5%3.4% |
| 5 Year | 88.5%53.6% | 30.9%4.9% | 35.8%4.7% |
Price Volatility Vs. Market
How volatile is Assura's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Assura Plc's (LON:AGR) 6.4% ROE Better Than Average?1 month ago | Simply Wall St
Update: Assura (LON:AGR) Stock Gained 44% In The Last Five Years1 month ago | Simply Wall St
Does Assura Plc's (LON:AGR) CEO Salary Compare Well With Others?Valuation
Is Assura undervalued compared to its fair value and its price relative to the market?
23.76x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AGR (£0.82) is trading above our estimate of fair value (£0.66)
Significantly Below Fair Value: AGR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AGR is poor value based on its PE Ratio (23.8x) compared to the REITs industry average (15.4x).
PE vs Market: AGR is poor value based on its PE Ratio (23.8x) compared to the UK market (18.6x).
Price to Earnings Growth Ratio
PEG Ratio: AGR is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: AGR is overvalued based on its PB Ratio (1.5x) compared to the GB REITs industry average (1x).
Next Steps
Future Growth
How is Assura forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
20.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AGR's forecast earnings growth (20.5% per year) is above the savings rate (0.5%).
Earnings vs Market: AGR's earnings (20.5% per year) are forecast to grow faster than the UK market (13.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: AGR's revenue (5.6% per year) is forecast to grow faster than the UK market (3.5% per year).
High Growth Revenue: AGR's revenue (5.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AGR's Return on Equity is forecast to be low in 3 years time (5.3%).
Next Steps
Past Performance
How has Assura performed over the past 5 years?
16.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AGR has a large one-off gain of £18.0M impacting its September 30 2019 financial results.
Growing Profit Margin: AGR's current net profit margins (77.1%) are higher than last year (37.3%).
Past Earnings Growth Analysis
Earnings Trend: AGR's earnings have grown by 16% per year over the past 5 years.
Accelerating Growth: AGR's earnings growth over the past year (131.8%) exceeds its 5-year average (16% per year).
Earnings vs Industry: AGR earnings growth over the past year (131.8%) exceeded the REITs industry -20.8%.
Return on Equity
High ROE: AGR's Return on Equity (6.4%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Assura's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: AGR has a high level of physical assets or inventory.
Debt Coverage by Assets: AGR's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: AGR's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if AGR has a sufficient allowance for bad loans.
Low Risk Liabilities: AGR reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if AGR has an acceptable proportion of non-loan assets held.
Low Risk Deposits: AGR has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if AGR has an appropriate level of bad loans.
Next Steps
Dividend
What is Assura's current dividend yield, its reliability and sustainability?
3.33%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: AGR's dividend (3.33%) is higher than the bottom 25% of dividend payers in the UK market (1.81%).
High Dividend: AGR's dividend (3.33%) is low compared to the top 25% of dividend payers in the UK market (5.12%).
Stability and Growth of Payments
Stable Dividend: AGR has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: AGR's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (89.1%), AGR's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AGR's dividends in 3 years are forecast to be covered by earnings (97.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.3yrs
Average management tenure
CEO
Jonathan Murphy (47yo)
3.3yrs
Tenure
UK£760,000
Compensation
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 experienc ...
CEO Compensation Analysis
Compensation vs Market: Jonathan's total compensation ($USD983.86K) is below average for companies of similar size in the UK market ($USD2.33M).
Compensation vs Earnings: Jonathan's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Member of Executive Board & Executive Director | 3.3yrs | UK£760.00k | 0.089% £1.8m | |
| CFO, Member of Executive Board & Executive Director | 2.4yrs | UK£344.00k | 0.0038% £76.0k | |
| Head of Legal | 0yrs | no data | no data | |
| Head of Investment & Member of Executive Board | 0yrs | no data | no data | |
| Head of Development & Member of Executive Board | 0yrs | no data | no data | |
| Head of HR & Member of Executive Board | 1.3yrs | no data | no data | |
| Head of Portfolio Management & Member of Executive Board | 0.5yrs | no data | no data | |
| Group Compliance Manager | 0.08yrs | no data | no data | |
| Head of Investor Relations & Communications | 7.1yrs | no data | no data | |
| Head of Public Affairs | 1.1yrs | no data | no data |
1.3yrs
Average Tenure
Experienced Management: AGR's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Member of Executive Board & Executive Director | 3.3yrs | UK£760.00k | 0.089% £1.8m | |
| CFO, Member of Executive Board & Executive Director | 2.4yrs | UK£344.00k | 0.0038% £76.0k | |
| Senior Independent Director | 0.6yrs | UK£32.20k | no data | |
| Non-Executive Director | 7.8yrs | UK£47.30k | 0.0049% £96.4k | |
| Non-Executive Director | 0.7yrs | no data | no data | |
| Independent Non-Executive Chairman | 1.6yrs | UK£119.60k | 0.0038% £76.0k |
2.0yrs
Average Tenure
57yo
Average Age
Experienced Board: AGR's board of directors are not considered experienced ( 2 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: AGR insiders have sold more shares than they have bought 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 5.1%.
Top Shareholders
Company Information
Assura Plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Assura Plc
- Ticker: AGR
- Exchange: LSE
- Founded:
- Industry: Health Care REITs
- Sector: Real Estate
- Market Cap: UK£1.984b
- Shares outstanding: 2.41b
- Website: https://www.assuraplc.com
Number of Employees
Location
- Assura Plc
- The Brew House
- Greenalls Avenue
- Warrington
- East Lothian
- WA4 6HL
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| AGR | LSE (London Stock Exchange) | Yes | New Ordinary Shares | GB | GBP | Nov 2003 |
| AGRl | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | New Ordinary Shares | GB | GBP | Nov 2003 |
| 75A | DB (Deutsche Boerse AG) | Yes | New Ordinary Shares | DE | EUR | Nov 2003 |
Biography
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 outstanding spaces for health services in our communities. At 30 September 2019, Assura's property portfolio was valued at £2,039 million.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/19 22:59 |
| End of Day Share Price | 2020/02/19 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.