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SOHO

Triple Point Social Housing REITLSE:SOHO Stock Report

Last Price

UK£0.95

Market Cap

UK£383.1m

7D

-0.7%

1Y

-12.8%

Updated

20 Jan, 2022

Data

Company Financials +
SOHO fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance1/6
Financial Health2/6
Dividends4/6

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

Summary of all time highs, changes and price drops for Triple Point Social Housing REIT
Historical stock prices
Current Share PriceUK£0.95
52 Week HighUK£1.14
52 Week LowUK£0.93
Beta0.28
1 Month Change1.06%
3 Month Change-3.94%
1 Year Change-12.75%
3 Year Change-6.31%
5 Year Changen/a
Change since IPO-6.99%

Recent News & Updates

Shareholder Returns

SOHOGB REITsGB Market
7D-0.7%0.5%-0.5%
1Y-12.8%23.8%8.7%

Return vs Industry: SOHO underperformed the UK REITs industry which returned 22.5% over the past year.

Return vs Market: SOHO underperformed the UK Market which returned 8.3% over the past year.

Price Volatility

Is SOHO's price volatile compared to industry and market?
SOHO volatility
SOHO Average Weekly Movement2.9%
REITs Industry Average Movement2.6%
Market Average Movement5.0%
10% most volatile stocks in GB Market10.7%
10% least volatile stocks in GB Market2.5%

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

FoundedEmployeesCEOWebsite
2004n/an/ahttps://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


Earnings & Revenue

Key profitability statistics from the latest earnings report
SOHO income statement (TTM)
RevenueUK£31.49m
Cost of RevenueUK£4.39m
Gross ProfitUK£27.10m
ExpensesUK£979.00k
EarningsUK£26.12m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.065
Gross Margin86.05%
Net Profit Margin82.95%
Debt/Equity Ratio45.6%

How did SOHO perform over the long term?

See historical performance and comparison

Dividends

5.5%

Current Dividend Yield

75%

Payout Ratio

Valuation

Is Triple Point Social Housing REIT undervalued compared to its fair value and its price relative to the market?

42.0%

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?

5.47%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SOHO's dividend (5.47%) is higher than the bottom 25% of dividend payers in the UK market (1.39%).

High Dividend: SOHO's dividend (5.47%) is in the top 25% of dividend payers in the UK market (4.04%)


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£383.052m
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/20 21:27
End of Day Share Price2022/01/20 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.