LSE:AGR

Stock Analysis Report

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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. More Details


Snowflake Analysis

Average 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

Stable Share Price: AGR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

AGR

0.1%

GB REITs

-1.9%

GB Market


1 Year Return

2.5%

AGR

-21.1%

GB REITs

-16.2%

GB Market

Return vs Industry: AGR exceeded the UK REITs industry which returned -21.4% over the past year.

Return vs Market: AGR exceeded the UK Market which returned -14.8% over the past year.


Shareholder returns

AGRIndustryMarket
7 Day0%0.1%-1.9%
30 Day-2.7%2.4%0.7%
90 Day-2.8%-19.8%-4.8%
1 Year6.3%2.5%-24.2%-21.1%-13.0%-16.2%
3 Year42.3%25.4%-10.1%-9.4%-9.4%-20.6%
5 Year70.7%39.0%-17.1%-21.0%13.5%-12.0%

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 compared to its fair value and its price relative to the market?

23.43x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AGR (£0.77) is trading above our estimate of fair value (£0.61)

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 (23.4x) compared to the GB REITs industry average (16.3x).

PE vs Market: AGR is poor value based on its PE Ratio (23.4x) compared to the UK market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: AGR is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: AGR is overvalued based on its PB Ratio (1.4x) compared to the GB REITs industry average (0.7x).


Next Steps

Future Growth

How is Assura forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

17.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AGR's forecast earnings growth (17.8% per year) is above the savings rate (1.2%).

Earnings vs Market: AGR's earnings (17.8% per year) are forecast to grow slower than the UK market (24.2% per year).

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

Revenue vs Market: AGR's revenue (6.1% per year) is forecast to grow faster than the UK market (6% per year).

High Growth Revenue: AGR's revenue (6.1% 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 (4.7%).


Next Steps

Past Performance

How has Assura performed over the past 5 years?

12.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AGR has high quality earnings.

Growing Profit Margin: AGR's current net profit margins (70.8%) are lower than last year (82%).


Past Earnings Growth Analysis

Earnings Trend: AGR's earnings have grown by 12.6% per year over the past 5 years.

Accelerating Growth: AGR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AGR had negative earnings growth (-6.1%) over the past year, making it difficult to compare to the REITs industry average (-20.8%).


Return on Equity

High ROE: AGR's Return on Equity (6.1%) is considered low.


Next Steps

Financial Health

How is Assura's financial position?


Financial Position Analysis

Short Term Liabilities: AGR's short term assets (£58.3M) do not cover its short term liabilities (£66.1M).

Long Term Liabilities: AGR's short term assets (£58.3M) do not cover its long term liabilities (£840.8M).


Debt to Equity History and Analysis

Debt Level: AGR's debt to equity ratio (64.6%) is considered high.

Reducing Debt: AGR's debt to equity ratio has reduced from 113.6% to 64.6% over the past 5 years.

Debt Coverage: AGR's debt is not well covered by operating cash flow (7.9%).

Interest Coverage: AGR's interest payments on its debt are well covered by EBIT (3.6x coverage).


Balance Sheet


Next Steps

Dividend

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

3.70%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AGR's dividend (3.7%) is higher than the bottom 25% of dividend payers in the UK market (1.83%).

High Dividend: AGR's dividend (3.7%) is low compared to the top 25% of dividend payers in the UK market (5.32%).


Stability and Growth of Payments

Stable Dividend: AGR's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (85.4%), 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 (96.4% payout ratio).


Next Steps

Management

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

1.8yrs

Average management tenure


CEO

Jonathan Murphy (48 yo)

4yrs

Tenure

UK£1,131,000

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 ($USD1.49M) is about average for companies of similar size in the UK market ($USD2.07M).

Compensation vs Earnings: Jonathan's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jonathan Murphy
CEO, Member of Executive Board & Executive Director4yrsUK£1.13m0.091%
£ 1.9m
Jayne Marie Cottam
CFO, Member of Executive Board & Executive Director3.08yrsUK£488.00k0.0066%
£ 134.1k
Orla Ball
Head of Legalno datano data0.000040%
£ 817.9
Patrick Lowther
Head of Investment & Member of Executive Boardno datano datano data
Simon Gould
Head of Development & Member of Executive Boardno datano datano data
Belinda Lewis
Head of HR & Member of Executive Board1.92yrsno datano data
Simon Oborn
Head of Portfolio Management & Member of Executive Board1.17yrsno datano data
Joanne Cullen
Senior Management Accountant0.58yrno datano data
Debbie Chalcraft
Group Compliance Manager0.75yrno datano data
Carolyn Jones
Head of Investor Relations & Communications7.75yrsno datano data
Francesca Harris
Marketing Managerno datano datano data
Claire Rick
Head of Public Affairs1.75yrsno datano data

1.8yrs

Average Tenure

Experienced Management: AGR's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Jonathan Murphy
CEO, Member of Executive Board & Executive Director4yrsUK£1.13m0.091%
£ 1.9m
Jayne Marie Cottam
CFO, Member of Executive Board & Executive Director3.08yrsUK£488.00k0.0066%
£ 134.1k
Jonathan Davies
Senior Independent Director1.25yrsUK£52.70k0.0024%
£ 48.7k
Jenefer Greenwood
Independent Non-Executive Director8.42yrsUK£48.30k0.0044%
£ 90.0k
Louise Fowler
Non-Executive Director1.33yrsUK£32.80kno data
John Edward Smith
Independent Non-Executive Chairman2.25yrsUK£153.00k0.0036%
£ 74.2k

2.7yrs

Average Tenure

58yo

Average Age

Experienced Board: AGR's board of directors are not considered experienced ( 2.7 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 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 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£2.045b
  • Shares outstanding: 2.66b
  • Website: https://www.assuraplc.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AGRLSE (London Stock Exchange)YesNew Ordinary SharesGBGBPNov 2003
AGRlBATS-CHIXE (BATS 'Chi-X Europe')YesNew Ordinary SharesGBGBPNov 2003
75ADB (Deutsche Boerse AG)YesNew Ordinary SharesDEEURNov 2003
ARSS.FOTCPK (Pink Sheets LLC)YesNew Ordinary SharesUSUSDNov 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, hea ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 20:43
End of Day Share Price2020/10/21 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.