Oceania Healthcare Limited owns and operates various age care centers and retirement villages in New Zealand.
+ 1 more risk
Very undervalued with proven track record.
Share Price & News
How has Oceania Healthcare's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: OCA's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: OCA underperformed the NZ Healthcare industry which returned -5% over the past year.
Return vs Market: OCA underperformed the NZ Market which returned -4.5% over the past year.
Price Volatility Vs. Market
How volatile is Oceania Healthcare's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 day ago | Simply Wall StIs Now The Time To Look At Buying Oceania Healthcare Limited (NZSE:OCA)?
3 weeks ago | Simply Wall StWhat Is Oceania Healthcare's (NZSE:OCA) P/E Ratio After Its Share Price Tanked?
1 month ago | Simply Wall StTread With Caution Around Oceania Healthcare Limited's (NZSE:OCA) 4.4% Dividend Yield
Is Oceania Healthcare undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: OCA (NZ$0.71) is trading below our estimate of fair value (NZ$1.16)
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 (7.3x) compared to the Healthcare industry average (15.6x).
PE vs Market: OCA is good value based on its PE Ratio (7.3x) compared to the NZ market (15.8x).
Price to Earnings Growth Ratio
PEG Ratio: OCA is good value based on its PEG Ratio (0.4x)
Price to Book Ratio
PB vs Industry: OCA is good value based on its PB Ratio (0.7x) compared to the NZ Healthcare industry average (0.8x).
How is Oceania Healthcare forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OCA's forecast earnings growth (19.9% per year) is above the savings rate (1.3%).
Earnings vs Market: OCA's earnings (19.9% per year) are forecast to grow faster than the NZ market (9.3% per year).
High Growth Earnings: OCA's earnings are forecast to grow, but not significantly.
Revenue vs Market: OCA's revenue (17.3% per year) is forecast to grow faster than the NZ market (6.1% per year).
High Growth Revenue: OCA's revenue (17.3% 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 (6.8%).
How has Oceania Healthcare performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OCA has a large one-off gain of NZ$56.0M impacting its November 30 2019 financial results.
Growing Profit Margin: OCA's current net profit margins (30.9%) are higher than last year (19%).
Past Earnings Growth Analysis
Earnings Trend: OCA has become profitable over the past 5 years, growing earnings by 8.2% per year.
Accelerating Growth: OCA's earnings growth over the past year (65.2%) exceeds its 5-year average (8.2% per year).
Earnings vs Industry: OCA earnings growth over the past year (65.2%) exceeded the Healthcare industry -2.9%.
Return on Equity
High ROE: OCA's Return on Equity (9.5%) is considered low.
How is Oceania Healthcare's financial position?
Financial Position Analysis
Short Term Liabilities: OCA's short term assets (NZ$53.4M) exceed its short term liabilities (NZ$46.2M).
Long Term Liabilities: OCA's short term assets (NZ$53.4M) do not cover its long term liabilities (NZ$832.0M).
Debt to Equity History and Analysis
Debt Level: OCA's debt to equity ratio (46.9%) is considered high.
Reducing Debt: OCA's debt to equity ratio has reduced from 270.5% to 46.9% over the past 5 years.
Debt Coverage: OCA's debt is well covered by operating cash flow (34.2%).
Interest Coverage: Insufficient data to determine if OCA's interest payments on its debt are well covered by EBIT.
What is Oceania Healthcare's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: OCA's dividend (6.62%) is higher than the bottom 25% of dividend payers in the NZ market (3.4%).
High Dividend: OCA's dividend (6.62%) is low compared to the top 25% of dividend payers in the NZ market (7.45%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, OCA has been paying a dividend for less than 10 years.
Growing Dividend: OCA's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (50.4%), OCA's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: OCA's dividends in 3 years are forecast to be covered by earnings (56.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Earl Gasparich, BCom, LLB (Hons), FCA (Chartered Accountants New Zealand & Australia), has been the Chief Executive Officer at Oceania Healthcare Limited since 2014. Mr. Gasparich served as Chief Finan ...
CEO Compensation Analysis
Compensation vs Market: Earl's total compensation ($USD467.61K) is about average for companies of similar size in the NZ market ($USD513.77K).
Compensation vs Earnings: Earl's compensation has increased by more than 20% in the past year.
|Independent Chairperson||5.42yrs||NZ$180.00k||0.20% NZ$874.0k|
|Non-Executive Director||3.17yrs||NZ$90.00k||0.041% NZ$177.5k|
|Independent Director||4.5yrs||NZ$110.00k||0.046% NZ$200.0k|
|Independent Director||3.33yrs||NZ$105.00k||0.050% NZ$218.3k|
|Non-Executive Director||2.08yrs||NZ$90.00k||2.48% NZ$10.8m|
|Independent Non-Executive Director||2.08yrs||NZ$97.50k||0.0066% NZ$28.6k|
Experienced Board: OCA's board of directors are considered experienced (3.3 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Oceania Healthcare Limited's company bio, employee growth, exchange listings and data sources
- Name: Oceania Healthcare Limited
- Ticker: OCA
- Exchange: NZSE
- Founded: 2005
- Industry: Health Care Facilities
- Sector: Healthcare
- Market Cap: NZ$436.573m
- Shares outstanding: 614.89m
- Website: https://www.oceaniahealthcare.co.nz
Number of Employees
- Oceania Healthcare Limited
- Affinity House
- 2 Hargreaves Street
- New Zealand
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|OCA||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||May 2017|
|OCA||NZSE (New Zealand Stock Exchange)||Yes||Ordinary Shares||NZ||NZD||May 2017|
|OCA||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||May 2017|
Oceania Healthcare Limited owns and operates various age care centers and retirement villages in New Zealand. The company operates through Care Operations, Village Operations, and Other segments. It provides rest home, hospital, dementia, psychogeriatric, respite, and palliative/end of life care; and independent retirement village living at approximately 40 locations. The company was formerly known as Retirement Care (NZ) Limited and changed its name to Oceania Healthcare Limited on September 08, 2014. Oceania Healthcare Limited was founded in 2005 and is based in Auckland, New Zealand.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/09 11:16|
|End of Day Share Price||2020/04/09 00:00|
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.