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IHR

Impact Healthcare REITLSE:IHR Stock Report

Market Cap

UK£415.9m

7D

-1.2%

1Y

17.4%

Updated

23 Sep, 2021

Data

Company Financials +
IHR fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance2/6
Financial Health4/6
Dividends4/6

IHR Overview

Impact Healthcare REIT Plc is a real estate investment trust externally managed by Carne Global AIFM Solutions.

Price History & Performance

Summary of all time highs, changes and price drops for Impact Healthcare REIT
Historical stock prices
Current Share PriceUK£1.19
52 Week HighUK£0.97
52 Week LowUK£1.22
Beta0.38
1 Month Change1.37%
3 Month Change7.23%
1 Year Change17.43%
3 Year Change13.49%
5 Year Changen/a
Change since IPO14.59%

Recent News & Updates

Shareholder Returns

IHRGB REITsGB Market
7D-1.2%0.3%0.4%
1Y17.4%37.4%24.5%

Return vs Industry: IHR underperformed the UK REITs industry which returned 36.4% over the past year.

Return vs Market: IHR underperformed the UK Market which returned 23.1% over the past year.

Price Volatility

Is IHR's price volatile compared to industry and market?
IHR volatility
IHR Beta0.38
Industry Beta0.84
Market Beta1

Stable Share Price: IHR is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: IHR's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2016n/an/ahttps://www.impactreit.uk

Impact Healthcare REIT Plc is a real estate investment trust externally managed by Carne Global AIFM Solutions. The firm invests in the real estate markets of United Kingdom. It primarily acquires, owns, leases, renovates, extends and redevelops high quality healthcare real estate assets.

Impact Healthcare REIT Fundamentals Summary

How do Impact Healthcare REIT's earnings and revenue compare to its market cap?
IHR fundamental statistics
Market CapUK£415.86m
Earnings (TTM)UK£32.24m
Revenue (TTM)UK£33.80m

12.9x

P/E Ratio

12.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IHR income statement (TTM)
RevenueUK£33.80m
Cost of RevenueUK£0
Gross ProfitUK£33.80m
ExpensesUK£1.56m
EarningsUK£32.24m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.10
Gross Margin100.00%
Net Profit Margin95.38%
Debt/Equity Ratio15.4%

How did IHR perform over the long term?

See historical performance and comparison

Dividends

5.4%

Current Dividend Yield

89%

Payout Ratio

Valuation

Is Impact Healthcare REIT undervalued compared to its fair value and its price relative to the market?

29.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IHR (£1.19) is trading below our estimate of fair value (£1.69)

Significantly Below Fair Value: IHR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: IHR is good value based on its PE Ratio (12.9x) compared to the UK REITs industry average (15.3x).

PE vs Market: IHR is good value based on its PE Ratio (12.9x) compared to the UK market (23.5x).


Price to Earnings Growth Ratio

PEG Ratio: IHR is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: IHR is overvalued based on its PB Ratio (1.1x) compared to the GB REITs industry average (0.9x).


Future Growth

How is Impact Healthcare REIT forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

16.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IHR's forecast earnings growth (16.4% per year) is above the savings rate (0.9%).

Earnings vs Market: IHR's earnings (16.4% per year) are forecast to grow faster than the UK market (13.5% per year).

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

Revenue vs Market: IHR's revenue (10.3% per year) is forecast to grow faster than the UK market (5.4% per year).

High Growth Revenue: IHR's revenue (10.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IHR's Return on Equity is forecast to be low in 3 years time (6.9%).


Past Performance

How has Impact Healthcare REIT performed over the past 5 years?

29.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IHR has a large one-off gain of £12.8M impacting its June 30 2021 financial results.

Growing Profit Margin: IHR's current net profit margins (95.4%) are higher than last year (94.4%).


Past Earnings Growth Analysis

Earnings Trend: IHR's earnings have grown significantly by 29.2% per year over the past 5 years.

Accelerating Growth: IHR's earnings growth over the past year (21.9%) is below its 5-year average (29.2% per year).

Earnings vs Industry: IHR earnings growth over the past year (21.9%) underperformed the REITs industry 46.5%.


Return on Equity

High ROE: IHR's Return on Equity (8.3%) is considered low.


Financial Health

How is Impact Healthcare REIT's financial position?


Financial Position Analysis

Short Term Liabilities: IHR's short term assets (£19.6M) exceed its short term liabilities (£4.1M).

Long Term Liabilities: IHR's short term assets (£19.6M) do not cover its long term liabilities (£62.6M).


Debt to Equity History and Analysis

Debt Level: IHR's debt to equity ratio (15.4%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if IHR's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: IHR's debt is well covered by operating cash flow (38.8%).

Interest Coverage: IHR's interest payments on its debt are well covered by EBIT (10.7x coverage).


Balance Sheet


Dividend

What is Impact Healthcare REIT current dividend yield, its reliability and sustainability?

5.40%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IHR's dividend (5.4%) is higher than the bottom 25% of dividend payers in the UK market (1.36%).

High Dividend: IHR's dividend (5.4%) is in the top 25% of dividend payers in the UK market (3.95%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, IHR has been paying a dividend for less than 10 years.

Growing Dividend: IHR's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (88.8%), IHR's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: IHR's dividends in 3 years are forecast to be covered by earnings (77.1% payout ratio).


Next Steps

Management

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

4.3yrs

Average board tenure


CEO

Impact Healthcare REIT has no CEO, or we have no data on them.


Board Members

Experienced Board: IHR's board of directors are considered experienced (4.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: IHR 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 9.9%.


Top Shareholders

Company Information

Impact Healthcare REIT PLC's employee growth, exchange listings and data sources


Key Information

  • Name: Impact Healthcare REIT PLC
  • Ticker: IHR
  • Exchange: LSE
  • Founded: 2016
  • Industry: Health Care REITs
  • Sector: Real Estate
  • Market Cap: UK£415.864m
  • Shares outstanding: 350.64m
  • Website: https://www.impactreit.uk

Location

  • Impact Healthcare REIT PLC
  • 9 Berkeley Street
  • 7th Floor
  • London
  • Greater London
  • W1J 8DW
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 21:44
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.