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SUM

Summerset Group HoldingsNZSE:SUM Stock Report

Market Cap

NZ$2.9b

7D

-5.9%

1Y

19.6%

Updated

30 Nov, 2021

Data

Company Financials +
SUM fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance5/6
Financial Health2/6
Dividends0/6

SUM Stock Overview

Summerset Group Holdings Limited, together with its subsidiaries, develops, owns, and operates integrated retirement villages in New Zealand.

Summerset Group Holdings Competitors

Oceania Healthcare

NZSE:OCA

NZ$910.4m

Estia Health

ASX:EHE

AU$562.1m

Regis Healthcare

ASX:REG

AU$531.0m

Japara Healthcare

ASX:JHC

AU$379.5m

Price History & Performance

Summary of all time highs, changes and price drops for Summerset Group Holdings
Historical stock prices
Current Share PriceNZ$12.70
52 Week HighNZ$15.69
52 Week LowNZ$10.60
Beta0.73
1 Month Change-12.47%
3 Month Change-16.94%
1 Year Change19.59%
3 Year Change97.21%
5 Year Change165.14%
Change since IPO800.71%

Recent News & Updates

Shareholder Returns

SUMNZ HealthcareNZ Market
7D-5.9%-2.0%-1.4%
1Y19.6%7.0%-4.7%

Return vs Industry: SUM exceeded the NZ Healthcare industry which returned 7% over the past year.

Return vs Market: SUM exceeded the NZ Market which returned -4.7% over the past year.

Price Volatility

Is SUM's price volatile compared to industry and market?
SUM volatility
SUM Average Weekly Movement2.3%
Healthcare Industry Average Movement3.0%
Market Average Movement3.6%
10% most volatile stocks in NZ Market7.0%
10% least volatile stocks in NZ Market2.4%

Stable Share Price: SUM is less volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: SUM's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19941,900Scott Scoullarhttps://www.summerset.co.nz

Summerset Group Holdings Limited, together with its subsidiaries, develops, owns, and operates integrated retirement villages in New Zealand. It provides independent living, care centers with rest home, and hospital-level care and memory care centers, as well as rest home care, and respite and short-term care services. The company also owns land for development of retirement villages in Australia It develops and operates 32 retirement villages for approximately 6,200 residents.

Summerset Group Holdings Fundamentals Summary

How do Summerset Group Holdings's earnings and revenue compare to its market cap?
SUM fundamental statistics
Market CapNZ$2.93b
Earnings (TTM)NZ$493.59m
Revenue (TTM)NZ$185.22m

0.0x

P/E Ratio

0.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SUM income statement (TTM)
RevenueNZ$185.22m
Cost of RevenueNZ$172.46m
Gross ProfitNZ$12.76m
Expenses-NZ$480.83m
EarningsNZ$493.59m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 28, 2022

Earnings per share (EPS)0
Gross Margin6.89%
Net Profit Margin266.49%
Debt/Equity Ratio42.6%

How did SUM perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

8%

Payout Ratio

Valuation

Is Summerset Group Holdings undervalued compared to its fair value and its price relative to the market?


Share Price vs. Fair Value

Below Fair Value: SUM (NZ$12.7) is trading above our estimate of fair value (NZ$5.75)

Significantly Below Fair Value: SUM is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: Insufficient data to calculate SUM's PE Ratio to determine if it is good value compared to the NZ Healthcare industry average.

PE vs Market: Insufficient data to calculate SUM's PE Ratio to determine if it is good value compared to the NZ market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SUM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: Insufficient data to calculate SUM's PB Ratio to determine if it is good value.


Future Growth

How is Summerset Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-27.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SUM's earnings are forecast to decline over the next 3 years (-27.2% per year).

Earnings vs Market: SUM's earnings are forecast to decline over the next 3 years (-27.2% per year).

High Growth Earnings: SUM's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SUM's revenue (17.6% per year) is forecast to grow faster than the NZ market (4.6% per year).

High Growth Revenue: SUM's revenue (17.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SUM's Return on Equity is forecast to be low in 3 years time (9.5%).


Past Performance

How has Summerset Group Holdings performed over the past 5 years?

13.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SUM has a large one-off gain of NZ$497.2M impacting its June 30 2021 financial results.

Growing Profit Margin: SUM's current net profit margins are higher than last year (51.7%).


Past Earnings Growth Analysis

Earnings Trend: SUM's earnings have grown by 13% per year over the past 5 years.

Accelerating Growth: SUM's earnings growth over the past year (490.1%) exceeds its 5-year average (13% per year).

Earnings vs Industry: SUM earnings growth over the past year (490.1%) exceeded the Healthcare industry 193.9%.


Return on Equity

High ROE: SUM's Return on Equity (30.5%) is considered high.


Financial Health

How is Summerset Group Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: SUM's short term assets (NZ$73.5M) do not cover its short term liabilities (NZ$209.8M).

Long Term Liabilities: SUM's short term assets (NZ$73.5M) do not cover its long term liabilities (NZ$2.5B).


Debt to Equity History and Analysis

Debt Level: SUM's net debt to equity ratio (40.7%) is considered high.

Reducing Debt: SUM's debt to equity ratio has reduced from 61.2% to 42.6% over the past 5 years.

Debt Coverage: SUM's debt is well covered by operating cash flow (58.6%).

Interest Coverage: SUM's interest payments on its debt are not well covered by EBIT (0.7x coverage).


Balance Sheet


Dividend

What is Summerset Group Holdings's current dividend yield, its reliability and sustainability?

1.33%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SUM's dividend (1.33%) isn’t notable compared to the bottom 25% of dividend payers in the NZ market (2.78%).

High Dividend: SUM's dividend (1.33%) is low compared to the top 25% of dividend payers in the NZ market (5%).


Stability and Growth of Payments

Stable Dividend: SUM is not paying a notable dividend for the NZ market, therefore no need to check if payments are stable.

Growing Dividend: SUM is not paying a notable dividend for the NZ market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: SUM is not paying a notable dividend for the NZ market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SUM's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Scott Scoullar

0.67

Tenure

Mr. Scott Grady Scoullar, C.A., ANZ, BCA & FCPA, serves as Chief Executive Officer at Summerset Group Holdings Limited since March 29, 2021. Mr. Scoullar had been the Chief Financial Officer at Summerset G...


Leadership Team

Experienced Management: SUM's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: SUM's board of directors are considered experienced (5.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SUM insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Summerset Group Holdings Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Summerset Group Holdings Limited
  • Ticker: SUM
  • Exchange: NZSE
  • Founded: 1994
  • Industry: Health Care Facilities
  • Sector: Healthcare
  • Market Cap: NZ$2.929b
  • Shares outstanding: 228.81m
  • Website: https://www.summerset.co.nz

Number of Employees


Location

  • Summerset Group Holdings Limited
  • Majestic Centre
  • Level 27
  • Wellington
  • 6011
  • New Zealand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 09:19
End of Day Share Price2021/11/30 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.