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Assura LSE:AGR Stock Report

Last Price


Market Cap







09 Aug, 2022


Company Financials +
AGR fundamental analysis
Snowflake Score
Future Growth2/6
Past Performance3/6
Financial Health2/6

AGR Stock Overview

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.

Assura Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Assura
Historical stock prices
Current Share PriceUK£0.69
52 Week HighUK£0.80
52 Week LowUK£0.59
1 Month Change4.29%
3 Month Change7.36%
1 Year Change-10.81%
3 Year Change5.80%
5 Year Change8.54%
Change since IPO-32.39%

Recent News & Updates

Shareholder Returns


Return vs Industry: AGR matched the UK REITs industry which returned -9.9% over the past year.

Return vs Market: AGR underperformed the UK Market which returned -6.4% over the past year.

Price Volatility

Is AGR's price volatile compared to industry and market?
AGR volatility
AGR Average Weekly Movement2.7%
REITs Industry Average Movement3.6%
Market Average Movement5.4%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.7%

Stable Share Price: AGR is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: AGR's weekly volatility (3%) has been stable over the past year.

About the Company

n/a87Jonathan Murphy

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 2020, Assura's property portfolio was valued at £2,259 million.

Assura Fundamentals Summary

How do Assura's earnings and revenue compare to its market cap?
AGR fundamental statistics
Market CapUK£2.03b
Earnings (TTM)UK£155.90m
Revenue (TTM)UK£136.90m


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AGR income statement (TTM)
Cost of RevenueUK£10.40m
Gross ProfitUK£126.50m
Other Expenses-UK£29.40m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)0.053
Gross Margin92.40%
Net Profit Margin113.88%
Debt/Equity Ratio69.5%

How did AGR perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is AGR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AGR?

Other financial metrics that can be useful for relative valuation.

AGR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue22.2x
Enterprise Value/EBITDA26.6x
PEG Ratio2x

Price to Earnings Ratio vs Peers

How does AGR's PE Ratio compare to its peers?

AGR PE Ratio vs Peers
The above table shows the PE ratio for AGR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average11.6x
PHP Primary Health Properties
THRL Target Healthcare REIT
IHR Impact Healthcare REIT
SAFE Safestore Holdings
AGR Assura

Price-To-Earnings vs Peers: AGR is expensive based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (11.6x).

Price to Earnings Ratio vs Industry

How does AGR's PE Ratio compare vs other companies in the GB REITs Industry?

Price-To-Earnings vs Industry: AGR is expensive based on its Price-To-Earnings Ratio (13.2x) compared to the UK REITs industry average (7.5x)

Price to Earnings Ratio vs Fair Ratio

What is AGR'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.

AGR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.2x
Fair PE Ratio17.5x

Price-To-Earnings vs Fair Ratio: AGR is good value based on its Price-To-Earnings Ratio (13.2x) compared to the estimated Fair Price-To-Earnings Ratio (17.5x).

Share Price vs Fair Value

What is the Fair Price of AGR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AGR (£0.69) is trading below our estimate of fair value (£0.79)

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

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Future Growth

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

Future Growth Score


Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AGR's forecast earnings growth (6.4% per year) is above the savings rate (0.9%).

Earnings vs Market: AGR's earnings (6.4% per year) are forecast to grow slower than the UK market (9.9% per year).

High Growth Earnings: AGR's earnings are forecast to grow, but not significantly.

Revenue vs Market: AGR's revenue (6.8% per year) is forecast to grow faster than the UK market (4% per year).

High Growth Revenue: AGR's revenue (6.8% 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 (4.9%).

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Past Performance

How has Assura performed over the past 5 years?

Past Performance Score


Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AGR has a large one-off gain of £69.7M impacting its March 31 2022 financial results.

Growing Profit Margin: AGR's current net profit margins are higher than last year (89.7%).

Past Earnings Growth Analysis

Earnings Trend: AGR's earnings have grown by 9.9% per year over the past 5 years.

Accelerating Growth: AGR's earnings growth over the past year (44%) exceeds its 5-year average (9.9% per year).

Earnings vs Industry: AGR earnings growth over the past year (44%) underperformed the REITs industry 103.4%.

Return on Equity

High ROE: AGR's Return on Equity (8.7%) is considered low.

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Financial Health

How is Assura's financial position?

Financial Health Score


Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: AGR's short term assets (£348.5M) exceed its short term liabilities (£75.1M).

Long Term Liabilities: AGR's short term assets (£348.5M) do not cover its long term liabilities (£1.3B).

Debt to Equity History and Analysis

Debt Level: AGR's net debt to equity ratio (55.9%) is considered high.

Reducing Debt: AGR's debt to equity ratio has increased from 63.5% to 69.5% over the past 5 years.

Debt Coverage: AGR's debt is not well covered by operating cash flow (7.6%).

Interest Coverage: AGR's interest payments on its debt are well covered by EBIT (4.1x coverage).

Balance Sheet

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What is Assura current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: AGR's dividend (4.5%) is higher than the bottom 25% of dividend payers in the UK market (1.86%).

High Dividend: AGR's dividend (4.5%) is low compared to the top 25% of dividend payers in the UK market (5.13%).

Stability and Growth of Payments

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

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

Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (79.7%), AGR's payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (97.6%), AGR's dividend payments are covered by cash flows.

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


Average management tenure


Jonathan Murphy (50 yo)





Mr. Jonathan Stewart Murphy, ACA., MBA., has been the Chief Executive Officer of Assura Plc since February 27, 2017. Mr. Murphy serves as a Director of Assura Financing plc since July 4, 2018. Mr. Murphy s...

CEO Compensation Analysis

Compensation vs Market: Jonathan's total compensation ($USD1.28M) is below average for companies of similar size in the UK market ($USD3.13M).

Compensation vs Earnings: Jonathan's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: AGR's management team is considered experienced (3.6 years average tenure).

Board Members

Experienced Board: AGR's board of directors are considered experienced (3.7 years average tenure).


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

Insider Trading Volume

Insider Buying: AGR 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 10.5%.

Top Shareholders

Company Information

Assura Plc's employee growth, exchange listings and data sources

Key Information

  • Name: Assura Plc
  • Ticker: AGR
  • Exchange: LSE
  • Founded: NaN
  • Industry: Health Care REITs
  • Sector: Real Estate
  • Implied Market Cap: UK£2.034b
  • Shares outstanding: 2.96b
  • Website:

Number of Employees


  • Assura Plc
  • The Brew House
  • Greenalls Avenue
  • Warrington
  • WA4 6HL
  • United Kingdom


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/09 00:00
End of Day Share Price2022/08/09 00:00
Annual Earnings2022/03/31

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.