| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 1/6 |
| Past Performance | 3/6 |
| Financial Health | 3/6 |
| Dividends | 2/6 |
OCA Overview
Oceania Healthcare Limited owns and operates various retirement village and aged care centers in New Zealand.
Oceania Healthcare Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NZ$1.47 |
| 52 Week High | NZ$1.10 |
| 52 Week Low | NZ$1.60 |
| Beta | 0.76 |
| 1 Month Change | -2.65% |
| 3 Month Change | -1.34% |
| 1 Year Change | 31.25% |
| 3 Year Change | 20.49% |
| 5 Year Change | n/a |
| Change since IPO | 86.08% |
Recent News & Updates
Shareholder Returns
| OCA | NZ Healthcare | NZ Market | |
|---|---|---|---|
| 7D | -3.9% | -0.06% | 0.3% |
| 1Y | 31.3% | 31.4% | 10.5% |
Return vs Industry: OCA matched the NZ Healthcare industry which returned 31.4% over the past year.
Return vs Market: OCA exceeded the NZ Market which returned 10.5% over the past year.
Price Volatility
| OCA volatility | |
|---|---|
| OCA Beta | 0.76 |
| Industry Beta | 0.66 |
| Market Beta | 1 |
Stable Share Price: OCA is less volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: OCA's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2005 | 2,800 | Brent Pattison | https://www.oceaniahealthcare.co.nz |
Oceania Healthcare Limited owns and operates various retirement village and aged care centers in New Zealand. The company operates through three segments: Care Operations, Village Operations, and Other. It provides rest home, hospital, dementia, respite, and palliative and end of life care centers; and boutique villages.
Oceania Healthcare Fundamentals Summary
| OCA fundamental statistics | |
|---|---|
| Market Cap | NZ$1.04b |
| Earnings (TTM) | NZ$102.64m |
| Revenue (TTM) | NZ$212.95m |
10.1x
P/E Ratio4.9x
P/S RatioIs OCA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| OCA income statement (TTM) | |
|---|---|
| Revenue | NZ$212.95m |
| Cost of Revenue | NZ$138.99m |
| Gross Profit | NZ$73.96m |
| Expenses | -NZ$28.68m |
| Earnings | NZ$102.64m |
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.15 |
| Gross Margin | 34.73% |
| Net Profit Margin | 48.20% |
| Debt/Equity Ratio | 39.8% |
How did OCA perform over the long term?
See historical performance and comparisonDividends
2.3%
Current Dividend Yield25%
Payout RatioValuation
Is Oceania Healthcare undervalued compared to its fair value and its price relative to the market?
38.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: OCA (NZ$1.47) is trading below our estimate of fair value (NZ$2.39)
Significantly Below Fair Value: OCA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: OCA is good value based on its PE Ratio (10.1x) compared to the NZ Healthcare industry average (17.7x).
PE vs Market: OCA is good value based on its PE Ratio (10.1x) compared to the NZ market (22.4x).
Price to Earnings Growth Ratio
PEG Ratio: OCA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: OCA is good value based on its PB Ratio (1.2x) compared to the NZ Healthcare industry average (3.3x).
Future Growth
How is Oceania Healthcare forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
-10.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OCA's earnings are forecast to decline over the next 3 years (-10% per year).
Earnings vs Market: OCA's earnings are forecast to decline over the next 3 years (-10% per year).
High Growth Earnings: OCA's earnings are forecast to decline over the next 3 years.
Revenue vs Market: OCA's revenue (9% per year) is forecast to grow faster than the NZ market (5% per year).
High Growth Revenue: OCA's revenue (9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: OCA's Return on Equity is forecast to be low in 3 years time (9.2%).
Past Performance
How has Oceania Healthcare performed over the past 5 years?
-16.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OCA has a large one-off gain of NZ$102.8M impacting its March 31 2021 financial results.
Growing Profit Margin: OCA's current net profit margins (48.2%) are higher than last year (5.4%).
Past Earnings Growth Analysis
Earnings Trend: OCA's earnings have declined by 16.7% per year over the past 5 years.
Accelerating Growth: OCA's earnings growth over the past year (884%) exceeds its 5-year average (-16.7% per year).
Earnings vs Industry: OCA earnings growth over the past year (884%) exceeded the Healthcare industry 133.7%.
Return on Equity
High ROE: OCA's Return on Equity (12.3%) is considered low.
Financial Health
How is Oceania Healthcare's financial position?
Financial Position Analysis
Short Term Liabilities: OCA's short term assets (NZ$127.6M) do not cover its short term liabilities (NZ$646.5M).
Long Term Liabilities: OCA's short term assets (NZ$127.6M) do not cover its long term liabilities (NZ$402.0M).
Debt to Equity History and Analysis
Debt Level: OCA's debt to equity ratio (39.8%) is considered satisfactory.
Reducing Debt: OCA's debt to equity ratio has reduced from 134.8% to 39.8% over the past 5 years.
Debt Coverage: OCA's debt is well covered by operating cash flow (34.6%).
Interest Coverage: Insufficient data to determine if OCA's interest payments on its debt are well covered by EBIT.
Balance Sheet
Dividend
What is Oceania Healthcare current dividend yield, its reliability and sustainability?
2.31%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: OCA's dividend (2.31%) isn’t notable compared to the bottom 25% of dividend payers in the NZ market (2.41%).
High Dividend: OCA's dividend (2.31%) is low compared to the top 25% of dividend payers in the NZ market (4.78%).
Stability and Growth of Payments
Stable Dividend: OCA has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: OCA has only been paying a dividend for 4 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (24.7%), OCA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: OCA's dividends in 3 years are forecast to be covered by earnings (53% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.4yrs
Average management tenure
CEO
Brent Pattison
0.50
Tenure
NZ$424,327
Compensation
Mr. Brent Pattison has been Chief Executive Officer of Oceania Healthcare Limited since March 22, 2021 and had been its Chief Financial Officer since January 2020 until May 13, 2021. He served as an Acting...
CEO Compensation Analysis
Compensation vs Market: Brent's total compensation ($USD297.09K) is below average for companies of similar size in the NZ market ($USD657.61K).
Compensation vs Earnings: Insufficient data to compare Brent's compensation with company performance.
Leadership Team
Experienced Management: OCA's management team is not considered experienced ( 0.4 years average tenure), which suggests a new team.
Board Members
Experienced Board: OCA's board of directors are considered experienced (4.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: OCA insiders have sold more shares than they have bought 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 13.2%.
Top Shareholders
Company Information
Oceania Healthcare Limited's employee growth, exchange listings and data sources
Key Information
- Name: Oceania Healthcare Limited
- Ticker: OCA
- Exchange: NZSE
- Founded: 2005
- Industry: Health Care Facilities
- Sector: Healthcare
- Market Cap: NZ$1.037b
- Shares outstanding: 705.71m
- Website: https://www.oceaniahealthcare.co.nz
Number of Employees
Location
- Oceania Healthcare Limited
- Affinity House
- 2 Hargreaves Street
- Auckland
- 1011
- New Zealand
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/27 15:44 |
| End of Day Share Price | 2021/09/27 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2021/03/31 |
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.