| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 4/6 |
| Past Performance | 1/6 |
| Financial Health | 2/6 |
| Dividends | 4/6 |
SOHO Stock Overview
Triple Point Social Housing REIT plc (the "Company") is a Real Estate Investment Trust ("REIT") incorporated in England and Wales under the Companies Act 2006 as a public company limited by shares on 12 June 2017.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | UK£0.95 |
| 52 Week High | UK£1.14 |
| 52 Week Low | UK£0.93 |
| Beta | 0.28 |
| 1 Month Change | 2.80% |
| 3 Month Change | -4.12% |
| 1 Year Change | -12.88% |
| 3 Year Change | -6.93% |
| 5 Year Change | n/a |
| Change since IPO | -6.70% |
Recent News & Updates
Shareholder Returns
| SOHO | GB REITs | GB Market | |
|---|---|---|---|
| 7D | -1.2% | 1.1% | -1.0% |
| 1Y | -12.9% | 23.0% | 8.3% |
Return vs Industry: SOHO underperformed the UK REITs industry which returned 23% over the past year.
Return vs Market: SOHO underperformed the UK Market which returned 8.3% over the past year.
Price Volatility
| SOHO volatility | |
|---|---|
| SOHO Average Weekly Movement | 2.9% |
| REITs Industry Average Movement | 2.6% |
| Market Average Movement | 5.0% |
| 10% most volatile stocks in GB Market | 10.6% |
| 10% least volatile stocks in GB Market | 2.5% |
Stable Share Price: SOHO is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: SOHO's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2004 | n/a | n/a | https://www.triplepointreit.com |
Triple Point Social Housing REIT plc (the "Company") is a Real Estate Investment Trust ("REIT") incorporated in England and Wales under the Companies Act 2006 as a public company limited by shares on 12 June 2017. The address of the registered office is 1 King William Street, London, United Kingdom, EC4N 7AF. The Company is registered as an investment company under section 833 of the Companies Act 2006 and is domiciled in the United Kingdom.
Triple Point Social Housing REIT Fundamentals Summary
| SOHO fundamental statistics | |
|---|---|
| Market Cap | UK£384.26m |
| Earnings (TTM) | UK£26.12m |
| Revenue (TTM) | UK£31.49m |
14.7x
P/E Ratio12.2x
P/S RatioIs SOHO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SOHO income statement (TTM) | |
|---|---|
| Revenue | UK£31.49m |
| Cost of Revenue | UK£4.39m |
| Gross Profit | UK£27.10m |
| Expenses | UK£979.00k |
| Earnings | UK£26.12m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.065 |
| Gross Margin | 86.05% |
| Net Profit Margin | 82.95% |
| Debt/Equity Ratio | 45.6% |
How did SOHO perform over the long term?
See historical performance and comparisonDividends
5.5%
Current Dividend Yield75%
Payout RatioValuation
Is Triple Point Social Housing REIT undervalued compared to its fair value and its price relative to the market?
41.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SOHO (£0.95) is trading below our estimate of fair value (£1.64)
Significantly Below Fair Value: SOHO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SOHO is poor value based on its PE Ratio (14.7x) compared to the UK REITs industry average (13.2x).
PE vs Market: SOHO is good value based on its PE Ratio (14.7x) compared to the UK market (19.1x).
Price to Earnings Growth Ratio
PEG Ratio: SOHO is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: SOHO's PB Ratio (0.9x) is in line with the GB REITs industry average.
Future Growth
How is Triple Point Social Housing REIT forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
22.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SOHO's forecast earnings growth (22.6% per year) is above the savings rate (0.9%).
Earnings vs Market: SOHO's earnings (22.6% per year) are forecast to grow faster than the UK market (12.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SOHO's revenue (10.5% per year) is forecast to grow faster than the UK market (4.8% per year).
High Growth Revenue: SOHO's revenue (10.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SOHO's Return on Equity is forecast to be low in 3 years time (6.2%).
Past Performance
How has Triple Point Social Housing REIT performed over the past 5 years?
15.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SOHO has a large one-off gain of £7.2M impacting its June 30 2021 financial results.
Growing Profit Margin: SOHO's current net profit margins (82.9%) are lower than last year (90.6%).
Past Earnings Growth Analysis
Earnings Trend: SOHO's earnings have grown by 15.6% per year over the past 5 years.
Accelerating Growth: SOHO's earnings growth over the past year (14.7%) is below its 5-year average (15.6% per year).
Earnings vs Industry: SOHO earnings growth over the past year (14.7%) underperformed the REITs industry 150.1%.
Return on Equity
High ROE: SOHO's Return on Equity (6.1%) is considered low.
Financial Health
How is Triple Point Social Housing REIT's financial position?
Financial Position Analysis
Short Term Liabilities: SOHO's short term assets (£34.8M) exceed its short term liabilities (£5.3M).
Long Term Liabilities: SOHO's short term assets (£34.8M) do not cover its long term liabilities (£196.9M).
Debt to Equity History and Analysis
Debt Level: SOHO's net debt to equity ratio (40%) is considered high.
Reducing Debt: Insufficient data to determine if SOHO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SOHO's debt is not well covered by operating cash flow (13.7%).
Interest Coverage: SOHO's interest payments on its debt are well covered by EBIT (4.4x coverage).
Balance Sheet
Dividend
What is Triple Point Social Housing REIT current dividend yield, its reliability and sustainability?
5.45%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SOHO's dividend (5.45%) is higher than the bottom 25% of dividend payers in the UK market (1.41%).
High Dividend: SOHO's dividend (5.45%) is in the top 25% of dividend payers in the UK market (4.06%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SOHO has been paying a dividend for less than 10 years.
Growing Dividend: SOHO'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 (75.3%), SOHO's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SOHO's dividends in 3 years are forecast to be covered by earnings (83.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.0yrs
Average management tenure
CEO
Triple Point Social Housing REIT has no CEO, or we have no data on them.
Leadership Team
Experienced Management: SOHO's management team is seasoned and experienced (6 years average tenure).
Board Members
Experienced Board: SOHO's board of directors are considered experienced (4.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SOHO insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Triple Point Social Housing REIT plc's employee growth, exchange listings and data sources
Key Information
- Name: Triple Point Social Housing REIT plc
- Ticker: SOHO
- Exchange: LSE
- Founded: 2004
- Industry: Residential REITs
- Sector: Real Estate
- Implied Market Cap: UK£384.261m
- Shares outstanding: 402.79m
- Website: https://www.triplepointreit.com
Location
- Triple Point Social Housing REIT plc
- 1 King William Street
- London
- EC4N 7AF
- United Kingdom
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/19 21:23 |
| End of Day Share Price | 2022/01/19 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.