LSE:IHR

Stock Analysis Report

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Market Cap

UK£416.6m

Last Updated

2021/08/01 18:03 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Undervalued with adequate balance sheet and pays a dividend.

Share Price & News

How has Impact Healthcare REIT's share price performed over time and what events caused price changes?


Latest Share Price and Events

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.


Market Performance


7 Day Return

3.1%

IHR

1.2%

GB REITs

0.3%

GB Market


1 Year Return

17.6%

IHR

3.7%

GB REITs

22.5%

GB Market

Return vs Industry: IHR exceeded the UK REITs industry which returned 3.7% over the past year.

Return vs Market: IHR underperformed the UK Market which returned 22.5% over the past year.


Shareholder returns

IHRIndustryMarket
7 Day3.1%1.2%0.3%
30 Day4.2%6.1%-0.7%
90 Day6.3%7.4%1.5%
1 Year24.7%17.6%29.6%3.7%27.8%22.5%
3 Year38.1%15.9%7.9%9.3%13.3%0.9%
5 Yearn/a25.0%19.4%39.6%13.2%

Long-Term Price Volatility Vs. Market

How volatile is Impact Healthcare REIT's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

20.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IHR (£1.19) is trading below our estimate of fair value (£1.5)

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 (13.2x) compared to the UK REITs industry average (14.9x).

PE vs Market: IHR is good value based on its PE Ratio (13.2x) 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?

16.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IHR's forecast earnings growth (16.5% per year) is above the savings rate (0.9%).

Earnings vs Market: IHR's earnings (16.5% per year) are forecast to grow faster than the UK market (14.8% per year).

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

Revenue vs Market: IHR's revenue (11% per year) is forecast to grow faster than the UK market (4.8% per year).

High Growth Revenue: IHR's revenue (11% 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 (7.1%).


Past Performance

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

9.3%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: IHR has a large one-off gain of £10.6M impacting its December 31 2020 financial results.

Growing Profit Margin: IHR's current net profit margins (93.4%) are lower than last year .


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if IHR's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Insufficient data to compare IHR's past year earnings growth to its 5-year average.

Earnings vs Industry: IHR earnings growth over the past year (9.3%) underperformed the REITs industry 50.2%.


Return on Equity

High ROE: IHR's Return on Equity (8.2%) is considered low.


Financial Health

How is Impact Healthcare REIT's financial position?


Financial Position Analysis

Short Term Liabilities: IHR's short term assets (£8.1M) exceed its short term liabilities (£3.1M).

Long Term Liabilities: IHR's short term assets (£8.1M) do not cover its long term liabilities (£77.0M).


Debt to Equity History and Analysis

Debt Level: IHR's debt to equity ratio (21.2%) 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 (28.3%).

Interest Coverage: IHR's interest payments on its debt are well covered by EBIT (12.9x coverage).


Balance Sheet


Dividend

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

5.40%

Current Dividend Yield


Upcoming Dividend Payment

TodayAug 02 2021Ex Dividend DateAug 05 2021Dividend Pay DateAug 27 202122 days from Ex DividendBuy in the next 3 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: IHR's dividend (5.4%) is higher than the bottom 25% of dividend payers in the UK market (1.31%).

High Dividend: IHR's dividend (5.4%) is in the top 25% of dividend payers in the UK market (3.94%)


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 (95%), 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 (79.8% payout ratio).


Next Steps

Management

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

4.1yrs

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 (4.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


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 company bio, 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£416.565m
  • 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


Biography

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, l...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/01 18:03
End of Day Share Price2021/07/30 00:00
Earnings2020/12/31
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.