Oceania Healthcare
Market Cap
NZ$810.1m
Last Updated
2020/11/28 06:01 UTC
Data Sources
Company Financials +
Executive Summary
Oceania Healthcare Limited owns and operates various aged care centers and retirement villages in New Zealand. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential and fair value.
Similar Companies
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 is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: OCA's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
0%
OCA
-0.2%
NZ Healthcare
1.7%
NZ Market
1 Year Return
20.4%
OCA
9.1%
NZ Healthcare
7.5%
NZ Market
Return vs Industry: OCA exceeded the NZ Healthcare industry which returned 9.1% over the past year.
Return vs Market: OCA exceeded the NZ Market which returned 7.5% over the past year.
Shareholder returns
| OCA | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -0.2% | 1.7% |
| 30 Day | -2.3% | 3.6% | 4.2% |
| 90 Day | 23.8% | 12.0% | 5.4% |
| 1 Year | 24.2%20.4% | 11.5%9.1% | 11.5%7.5% |
| 3 Year | 51.3%34.0% | 53.9%43.4% | 48.8%29.9% |
| 5 Year | n/a | 106.2%83.1% | 100.8%53.2% |
Long-Term 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
2 weeks ago | Simply Wall St
Here's What We Think About Oceania Healthcare's (NZSE:OCA) CEO Pay1 month ago | Simply Wall St
When Should You Buy Oceania Healthcare Limited (NZSE:OCA)?1 month ago | Simply Wall St
If You Had Bought Oceania Healthcare (NZSE:OCA) Stock Three Years Ago, You Could Pocket A 23% Gain TodayValuation
Is Oceania Healthcare undervalued compared to its fair value and its price relative to the market?
32.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: OCA (NZ$1.3) is trading below our estimate of fair value (NZ$1.93)
Significantly Below Fair Value: OCA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: OCA is unprofitable, so we can't compare its PE Ratio to the XO Healthcare industry average.
PE vs Market: OCA is unprofitable, so we can't compare its PE Ratio to the NZ market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate OCA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: OCA is good value based on its PB Ratio (1.3x) compared to the NZ Healthcare industry average (1.8x).
Next Steps
Future Growth
How is Oceania Healthcare forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
49.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: OCA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.6%).
Earnings vs Market: OCA is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: OCA's is expected to become profitable in the next 3 years.
Revenue vs Market: OCA's revenue (9.1% per year) is forecast to grow faster than the NZ market (5.7% per year).
High Growth Revenue: OCA's revenue (9.1% 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 (10%).
Next Steps
Past Performance
How has Oceania Healthcare performed over the past 5 years?
-6.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: OCA is currently unprofitable.
Growing Profit Margin: OCA is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: OCA is unprofitable, and losses have increased over the past 5 years at a rate of 6.7% per year.
Accelerating Growth: Unable to compare OCA's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: OCA is unprofitable, making it difficult to compare its past year earnings growth to the Healthcare industry (-16.1%).
Return on Equity
High ROE: OCA has a negative Return on Equity (-2.29%), as it is currently unprofitable.
Next Steps
Financial Health
How is Oceania Healthcare's financial position?
Financial Position Analysis
Short Term Liabilities: OCA's short term assets (NZ$59.3M) do not cover its short term liabilities (NZ$556.0M).
Long Term Liabilities: OCA's short term assets (NZ$59.3M) do not cover its long term liabilities (NZ$397.5M).
Debt to Equity History and Analysis
Debt Level: OCA's debt to equity ratio (56.4%) is considered high.
Reducing Debt: OCA's debt to equity ratio has reduced from 190.3% to 56.4% over the past 5 years.
Debt Coverage: OCA's debt is well covered by operating cash flow (29.6%).
Interest Coverage: Insufficient data to determine if OCA's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Oceania Healthcare current dividend yield, its reliability and sustainability?
2.69%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: OCA's dividend (2.69%) is higher than the bottom 25% of dividend payers in the NZ market (2.66%).
High Dividend: OCA's dividend (2.69%) is low compared to the top 25% of dividend payers in the NZ market (4.58%).
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 3 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: OCA is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: OCA's dividends in 3 years are forecast to be covered by earnings (51% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average board tenure
CEO
Earl Gasparich
6.83yrs
Tenure
NZ$637,029
Compensation
Mr. Earl Gasparich, BCom, LLB (Hons), FCA (Chartered Accountants New Zealand & Australia), has been the Chief Executive Officer at Oceania Healthcare Limited since 2014. Mr. Gasparich served as Chief Finan...
CEO Compensation Analysis
Compensation vs Market: Earl's total compensation ($USD447.89K) is about average for companies of similar size in the NZ market ($USD614.43K).
Compensation vs Earnings: Earl's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairperson | 6yrs | NZ$180.00k | 0.21% NZ$ 1.7m | |
| Independent Director | 3.75yrs | NZ$90.00k | 0.040% NZ$ 325.0k | |
| Independent Director | 5.08yrs | NZ$110.00k | 0.046% NZ$ 369.0k | |
| Independent Director | 3.92yrs | NZ$105.00k | 0.050% NZ$ 403.0k | |
| Independent Director | 2.67yrs | NZ$90.00k | 0% NZ$ 0 | |
| Independent Director | 2.67yrs | NZ$97.50k | 0.010% NZ$ 84.1k |
3.8yrs
Average Tenure
Experienced Board: OCA's board of directors are considered experienced (3.8 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.1%.
Top Shareholders
Company Information
Oceania Healthcare Limited's company bio, 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$810.128m
- Shares outstanding: 623.18m
- Website: https://www.oceaniahealthcare.co.nz
Number of Employees
Location
- Oceania Healthcare Limited
- Affinity House
- 2 Hargreaves Street
- Auckland
- 1011
- New Zealand
Listings
| 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 |
Biography
Oceania Healthcare Limited owns and operates various aged care centers and retirement villages in New Zealand. The company operates through three segments: Care Operations, Village Operations, and Other. I...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/28 06:01 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/05/31 |
| Annual Earnings | 2020/05/31 |
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.