LSE:AGR

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Second-rate dividend payer with limited growth.


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


Market Performance


7 Day Return

3.8%

LSE:AGR

1.1%

GB REITs

-0.3%

GB Market


1 Year Return

19.7%

LSE:AGR

-10.3%

GB REITs

-5.3%

GB Market

AGR outperformed the REITs industry which returned -10.9% over the past year.

AGR outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -5.7% over the past year.


Share holder returns

AGRIndustryMarket
7 Day3.8%1.1%-0.3%
30 Day5.6%-5.1%-3.9%
90 Day8.5%-6.7%-2.2%
1 Year25.5%19.7%-6.3%-10.3%-0.9%-5.3%
3 Year31.1%15.3%6.2%-8.6%18.9%5.1%
5 Year85.5%51.1%20.1%-3.2%28.1%1.1%

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

Valuation

Is Assura undervalued based on future cash flows and its price relative to the stock market?

19.36x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Assura's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Assura's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

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

Assura is poor value based on expected growth next year.


Price Based on Value of Assets

Assura is overvalued based on assets compared to the GB REITs industry average.


Next Steps

Future Growth

How is Assura expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

11.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Assura's revenue is expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).

Assura's earnings are expected to grow by 11.5% yearly, however this is not considered high growth (20% yearly).

Assura's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.

Assura's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.

Assura's earnings growth is expected to exceed the low risk savings rate of 1.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Assura is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Assura performed over the past 5 years?

19.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

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 -16.1%).


Return on Equity

Assura has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Assura used its assets less efficiently than the GB REITs industry average last year based on Return on Assets.


Return on Capital Employed

Assura's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Assura's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Assura's level of debt (53.4%) 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 (199.7% vs 53.4% today).

Debt is not well covered by operating cash flow (10.7%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 3.8x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.1x debt.


Next Steps

Dividend

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

4.34%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Assura's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.08%).

Assura's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.77%).

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

Dividends paid are covered by earnings (1.3x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1x coverage).


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Jonathan Murphy (47yo)

2.8yrs

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

Jonathan's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.

Jonathan's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.8yrs

Average Tenure

The average tenure for the Assura management team is less than 2 years, this suggests a new team.


Board Age and Tenure

1.5yrs

Average Tenure

57yo

Average Age

The average tenure for the Assura board of directors is less than 3 years, this suggests a new board.


Insider Trading

More shares have been bought than sold by Assura individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUK£30,09204 Jun 19
Jayne Cottam
EntityIndividual
Role
Member of the Board of Directors
CFO, Member of Executive Board & Executive Director
Shares47,200
Max PriceUK£0.64

Ownership Breakdown


Management Team

  • Jonathan Murphy (47yo)

    CEO, Member of Executive Board & Executive Director

    • Tenure: 2.8yrs
    • Compensation: UK£760.00k
  • Carolyn Jones

    Head of Investor Relations & Communications

    • Tenure: 6.6yrs
  • Orla Ball

    Head of Legal

    • Tenure: 0.0yrs
  • Patrick Lowther

    Head of Investment & Member of Executive Board

    • Tenure: 0.0yrs
  • Clare Evans

    Credit Controller

    • Tenure: 0.0yrs
  • Claire Rick

    Head of Public Affairs

    • Tenure: 0.6yrs
  • David Purcell

    Head of Financial Reporting

    • Tenure: 1.6yrs
  • Simon Gould

    Head of Development & Member of Executive Board

    • Tenure: 0.0yrs
  • Jayne Cottam

    CFO, Member of Executive Board & Executive Director

    • Tenure: 1.9yrs
    • Compensation: UK£344.00k
  • Belinda Lewis

    Head of HR & Member of Executive Board

    • Tenure: 0.8yrs

Board Members

  • Jonathan Davies (57yo)

    Senior Independent Director

    • Tenure: 0.1yrs
    • Compensation: UK£32.20k
  • Jenefer Greenwood (61yo)

    Non-Executive Director

    • Tenure: 7.3yrs
    • Compensation: UK£47.30k
  • Jonathan Murphy (47yo)

    CEO, Member of Executive Board & Executive Director

    • Tenure: 2.8yrs
    • Compensation: UK£760.00k
  • Louise Fowler

    Non-Executive Director

    • Tenure: 0.2yrs
  • Ed Smith

    Non-Executive Chairman

    • Tenure: 1.1yrs
    • Compensation: UK£119.60k
  • Jayne Cottam

    CFO, Member of Executive Board & Executive Director

    • Tenure: 1.9yrs
    • Compensation: UK£344.00k

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£1.636b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AGRLSE (London Stock Exchange)YesNew Ordinary SharesGBGBPNov 2003
75ADB (Deutsche Boerse AG)YesNew Ordinary SharesDEEURNov 2003

Biography

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, heal ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/19 21:56
End of Day Share Price2019/08/19 00:00
Earnings2019/03/31
Annual Earnings2019/03/31


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.