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Assura

LSE:AGR
Snowflake Description

Moderate growth potential second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AGR
LSE
£2B
Market Cap
  1. Home
  2. GB
  3. Real Estate
Company description

Assura plc, a constituent of the FTSE 250 and the EPRA* indices, is a UK REIT and longterm investor in and developer of primary care property. The last earnings update was 29 days ago. More info.


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AGR Share Price and Events
7 Day Returns
-1.2%
LSE:AGR
0.2%
GB REITs
0.4%
GB Market
1 Year Returns
9.5%
LSE:AGR
-7.8%
GB REITs
-2.2%
GB Market
AGR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Assura (AGR) -1.2% 4.3% 11% 9.5% 9.8% 50.1%
GB REITs 0.2% -2% -2.7% -7.8% -8.4% 7.5%
GB Market 0.4% 1.3% 2% -2.2% 16.2% 5.1%
1 Year Return vs Industry and Market
  • AGR outperformed the REITs industry which returned -7.8% over the past year.
  • AGR outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -2.2% over the past year.
Price Volatility
AGR
Industry
5yr Volatility vs Market

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Assura.

LSE:AGR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
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.

Calculation of Discount Rate/ Cost of Equity for LSE:AGR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.494 (1 + (1- 19%) (45.05%))
0.782
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 * 6.65%)
6.55%

Discounted Cash Flow Calculation for LSE:AGR using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations 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 try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Assura is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

LSE:AGR DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (GBP, Millions) Source Present Value
Discounted (@ 6.55%)
2019 62.90 Analyst x1 59.03
2020 67.30 Analyst x1 59.28
2021 70.90 Analyst x1 58.62
2022 73.90 Analyst x1 57.34
2023 76.93 Est @ 4.09% 56.02
2024 79.41 Est @ 3.23% 54.28
2025 81.50 Est @ 2.63% 52.29
2026 83.31 Est @ 2.21% 50.16
2027 84.90 Est @ 1.92% 47.98
2028 86.35 Est @ 1.71% 45.80
Present value of next 10 years cash flows £540.80
LSE:AGR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £86.35 × (1 + 1.23%) ÷ (6.55% – 1.23%)
£1,643.07
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £1,643.07 ÷ (1 + 6.55%)10
£871.45
LSE:AGR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £540.80 + £871.45
£1,412.26
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £1,412.26 / 2,402.08
£0.59
LSE:AGR Discount to Share Price
Calculation Result
Value per share (GBP) From above. £0.59
Current discount Discount to share price of £0.63
= -1 x (£0.63 - £0.59) / £0.59
-7.8%

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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
LSE:AGR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in GBP £0.04
LSE:AGR Share Price ** LSE (2019-06-19) in GBP £0.63
United Kingdom of Great Britain and Northern Ireland REITs Industry PE Ratio Median Figure of 43 Publicly-Listed REITs Companies 12.76x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 789 Publicly-Listed Companies 16.2x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Assura.

LSE:AGR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:AGR Share Price ÷ EPS (both in GBP)

= 0.63 ÷ 0.04

18.05x

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?
Raw Data
LSE:AGR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
11.9%per year
United Kingdom of Great Britain and Northern Ireland REITs Industry PEG Ratio Median Figure of 23 Publicly-Listed REITs Companies 0.86x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 576 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

LSE:AGR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.05x ÷ 11.9%

1.52x

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?
Raw Data
LSE:AGR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in GBP £0.53
LSE:AGR Share Price * LSE (2019-06-19) in GBP £0.63
United Kingdom of Great Britain and Northern Ireland REITs Industry PB Ratio Median Figure of 54 Publicly-Listed REITs Companies 0.9x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,371 Publicly-Listed Companies 1.51x
LSE:AGR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:AGR Share Price ÷ Book Value per Share (both in GBP)

= 0.63 ÷ 0.53

1.19x

* 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.
X
Value checks
We assess Assura's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. 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 4 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!
Annual Growth Rate
11.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Assura expected to grow at an attractive rate?
  • 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
Raw Data
LSE:AGR Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:AGR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 11.9%
LSE:AGR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 6.8%
United Kingdom of Great Britain and Northern Ireland REITs Industry Earnings Growth Rate Market Cap Weighted Average 16.3%
United Kingdom of Great Britain and Northern Ireland REITs Industry Revenue Growth Rate Market Cap Weighted Average 2.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.7%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
Raw Data
LSE:AGR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:AGR Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31 124 108 122 2
2021-03-31 117 94 120 4
2020-03-31 103 87 117 4
LSE:AGR Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-03-31 102 73 84
2018-12-31 99 68 60
2018-09-30 92 62 36
2018-06-30 88 56 54
2018-03-31 86 50 72
2017-12-31 81 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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Assura's earnings are expected to grow by 11.9% yearly, however this is not considered high growth (20% yearly).
  • Assura's revenue is expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:AGR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Assura Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:AGR Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31 0.06 0.06 0.06 1.00
2021-03-31 0.05 0.05 0.05 2.00
2020-03-31 0.05 0.05 0.05 1.00
LSE:AGR Past Financials Data
Date (Data in GBP Millions) EPS *
2019-03-31 0.04
2018-12-31 0.03
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

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Assura is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Assura's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. 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)
  3. 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)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Assura has a total score of 3/6, 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
Below we compare Assura's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Assura's year on year earnings growth rate has been positive over the past 5 years.
  • Assura's 1-year earnings growth is less than its 5-year average (17% vs 19.9%)
  • Assura's earnings growth has exceeded the GB REITs industry average in the past year (17% vs 6.9%).
Earnings and Revenue History
Assura's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Assura Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:AGR Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 102.40 84.00 9.00
2018-12-31 98.50 59.90 8.85
2018-09-30 92.00 35.80 8.70
2018-06-30 87.75 53.80 8.45
2018-03-31 86.10 71.80 8.20
2017-12-31 81.10 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

*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).
X
Past performance checks
We assess Assura's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Assura has a total score of 2/6, 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.
Net Worth
  • Assura's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Assura's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Assura's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x 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.
Raw Data

All data from Assura Company Filings, last reported 2 months ago.

LSE:AGR Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,279.90 686.10 16.50
2018-12-31 1,279.90 686.10 16.50
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
  • Assura's level of debt (53.6%) 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 (201% vs 53.6% today).
  • Debt is not well covered by operating cash flow (10.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.8x coverage).
X
Financial health checks
We assess Assura's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Assura has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
4.32%
Current annual income from Assura dividends. Estimated to be 4.58% next year.
If you bought £2,000 of Assura shares you are expected to receive £86 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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 (5.43%).
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.
Raw Data
LSE:AGR Annualized Past and Future Dividends
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 4 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 49 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 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 5.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:AGR Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2022-03-31 0.03 4.00
2021-03-31 0.03 6.00
2020-03-31 0.03 5.00
LSE:AGR Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-06-06 0.027 4.293
2019-03-07 0.027 4.644
2018-12-06 0.027 4.892
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

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Assura has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Assura only paid a dividend in the past 9 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).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.1x coverage).
X
Income/ dividend checks
We assess Assura's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. Assura has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AGR Management

 What is the CEO of Assura's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jonathan Murphy
COMPENSATION £760,000
AGE 46
TENURE AS CEO 2.7 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 been consistent with company performance over the past year, both up more than 20%.
  • Jonathan's remuneration is lower than 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:

1.6
Average Tenure
  • The average tenure for the Assura management team is less than 2 years, this suggests a new team.
Management Team

Jonathan Murphy

TITLE
CEO, Member of Executive Board & Executive Director
COMPENSATION
£760K
AGE
46
TENURE
2.7 yrs

Jayne Cottam

TITLE
CFO, Member of Executive Board & Executive Director
COMPENSATION
£344K
TENURE
1.8 yrs

Orla Ball

TITLE
Head of Legal

Patrick Lowther

TITLE
Head of Investment & Member of Executive Board

Simon Gould

TITLE
Head of Development & Member of Executive Board

Belinda Lewis

TITLE
Head of HR & Member of Executive Board
TENURE
0.6 yrs

Carolyn Jones

TITLE
Head of Investor Relations & Communications
TENURE
6.4 yrs

Claire Rick

TITLE
Head of Public Affairs
TENURE
0.4 yrs

David Purcell

TITLE
Head of Financial Reporting
TENURE
1.4 yrs

Paul Carroll

TITLE
Group Financial Controller
AGE
48
Board of Directors Tenure

Average tenure and age of the Assura board of directors in years:

1.8
Average Tenure
58
Average Age
  • The average tenure for the Assura board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ed Smith

TITLE
Non-Executive Chairman
COMPENSATION
£120K
TENURE
0.9 yrs

Jonathan Murphy

TITLE
CEO, Member of Executive Board & Executive Director
COMPENSATION
£760K
AGE
46
TENURE
6.4 yrs

Jayne Cottam

TITLE
CFO, Member of Executive Board & Executive Director
COMPENSATION
£344K
TENURE
1.8 yrs

David Richardson

TITLE
Senior Independent Director
COMPENSATION
£56K
AGE
66

Jenefer Greenwood

TITLE
Non-Executive Director
COMPENSATION
£47K
AGE
60
TENURE
7.1 yrs

Jonathan Davies

TITLE
Non-Executive Director
COMPENSATION
£32K
AGE
56
TENURE
1 yrs

Louise Fowler

TITLE
Non-Executive Director
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Assura insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
04. Jun 19 Buy Jayne Cottam Individual 03. Jun 19 04. Jun 19 47,200 £0.64 £30,092
X
Management checks
We assess Assura's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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

Assura Plc (LON:AGR): Are Analysts Bullish?

Today I want to provide a brief commentary on how market analysts view Assura's earnings growth outlook over the next few years and whether the future looks even brighter than the past. … View our latest analysis for Assura Analysts' expectations for next year seems positive, with earnings expanding by a robust 39%. … LSE:AGR Past and Future Earnings, June 6th 2019 Even though it’s useful to understand the growth rate each year relative to today’s level, it may be more beneficial to estimate the rate at which the business is rising or falling every year, on average.

Simply Wall St -

Should You Invest In Assura Plc (LON:AGR)?

See our latest analysis for Assura 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. … But realistically, companies have many levers to pull in order to pay back their debt, beyond operating income alone. … Instead of the P/E ratio, P/FFO is used instead, which is very common for REIT stocks.

Simply Wall St -

Read This Before Buying Assura Plc (LON:AGR) For Its Dividend

Is Assura Plc (LON:AGR) a good dividend stock? … Unfortunately, one common occurrence with dividend companies is for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. … With a goodly-sized dividend yield despite a relatively short payment history, investors might be wondering if Assura is a new dividend aristocrat in the making.

Simply Wall St -

Does Assura Plc's (LON:AGR) CEO Pay Matter?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Jonathan Murphy's Compensation Compare With Similar Sized Companies. … Our data indicates that Assura Plc is worth UK£1.4b, and total annual CEO compensation is UK£1.5m.

Simply Wall St -

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 -

Read 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 -

Why 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 -

What 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 -

Should 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 -

How 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 -

AGR Company Info

Description

Assura plc, a constituent of the FTSE 250 and the EPRA* indices, is a UK REIT and longterm 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 31 March 2019, Assura's property portfolio was valued at £1,979 million.

Details
Name: Assura Plc
AGR
Exchange: LSE
Founded:
£1,522,918,263
2,402,079,280
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
Staff numbers
62
Assura employees.
Industry
Health Care REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 22:24
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/06/17
Last earnings filing: 2019/05/21
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


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.