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TAH

Third Age Health ServicesNZSE:TAH Stock Report

Market Cap

NZ$26.6m

7D

7.0%

1Y

n/a

Updated

20 Oct, 2021

Data

Company Financials
TAH fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends0/6

TAH Overview

Third Age Health Services Limited, together with its subsidiaries, provides managed health care services for aged residential care facilities, private hospitals, and secure dementia facilities in New Zealand.

Price History & Performance

Summary of all time highs, changes and price drops for Third Age Health Services
Historical stock prices
Current Share PriceNZ$2.90
52 Week HighNZ$2.20
52 Week LowNZ$2.93
Beta0
1 Month Change16.94%
3 Month Change26.09%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO30.63%

Recent News & Updates

Oct 18
Subdued Growth No Barrier To Third Age Health Services Limited's (NZSE:TAH) Price

Subdued Growth No Barrier To Third Age Health Services Limited's (NZSE:TAH) Price

Third Age Health Services Limited's ( NZSE:TAH ) price-to-earnings (or "P/E") ratio of 25x might make it look like a...

Shareholder Returns

TAHNZ HealthcareNZ Market
7D7.0%0.3%-0.007%
1Yn/a17.3%2.4%

Return vs Industry: Insufficient data to determine how TAH performed against the NZ Healthcare industry.

Return vs Market: Insufficient data to determine how TAH performed against the NZ Market.

Price Volatility

Is TAH's price volatile compared to industry and market?
TAH volatility
TAH Beta0
Industry Beta0.66
Market Beta1

Stable Share Price: TAH is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: TAH's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2010n/aTony Waihttps://www.thirdagehealth.co.nz

Third Age Health Services Limited, together with its subsidiaries, provides managed health care services for aged residential care facilities, private hospitals, and secure dementia facilities in New Zealand. It also offers general practice medical services. The company was formerly known as Medplace Limited and changed its name to Third Age Health Services Limited in April 2011.

Third Age Health Services Fundamentals Summary

How do Third Age Health Services's earnings and revenue compare to its market cap?
TAH fundamental statistics
Market CapNZ$26.57m
Earnings (TTM)NZ$1.04m
Revenue (TTM)NZ$5.49m

25.5x

P/E Ratio

4.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TAH income statement (TTM)
RevenueNZ$5.49m
Cost of RevenueNZ$2.17m
Gross ProfitNZ$3.32m
ExpensesNZ$2.28m
EarningsNZ$1.04m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.11
Gross Margin60.49%
Net Profit Margin18.97%
Debt/Equity Ratio0%

How did TAH perform over the long term?

See historical performance and comparison

Dividends

1.3%

Current Dividend Yield

35%

Payout Ratio

Valuation

Is Third Age Health Services undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TAH (NZ$2.9) is trading below our estimate of fair value (NZ$6.03)

Significantly Below Fair Value: TAH is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TAH is poor value based on its PE Ratio (25.5x) compared to the NZ Healthcare industry average (17.3x).

PE vs Market: TAH is poor value based on its PE Ratio (25.5x) compared to the NZ market (22.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TAH is overvalued based on its PB Ratio (13.4x) compared to the NZ Healthcare industry average (3.2x).


Future Growth

How is Third Age Health Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

1.4%

Forecasted Healthcare industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Third Age Health Services has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Third Age Health Services performed over the past 5 years?

27.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TAH has high quality earnings.

Growing Profit Margin: TAH's current net profit margins (19%) are higher than last year (18.5%).


Past Earnings Growth Analysis

Earnings Trend: TAH's earnings have grown significantly by 27.7% per year over the past 5 years.

Accelerating Growth: TAH's earnings growth over the past year (6.8%) is below its 5-year average (27.7% per year).

Earnings vs Industry: TAH earnings growth over the past year (6.8%) underperformed the Healthcare industry 133.7%.


Return on Equity

High ROE: TAH's Return on Equity (52.7%) is considered outstanding.


Financial Health

How is Third Age Health Services's financial position?


Financial Position Analysis

Short Term Liabilities: TAH's short term assets (NZ$2.2M) exceed its short term liabilities (NZ$1.3M).

Long Term Liabilities: TAH's short term assets (NZ$2.2M) exceed its long term liabilities (NZ$284.8K).


Debt to Equity History and Analysis

Debt Level: TAH is debt free.

Reducing Debt: TAH had no debt 5 years ago.

Debt Coverage: TAH has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: TAH has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Third Age Health Services's current dividend yield, its reliability and sustainability?

1.35%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TAH's dividend (1.35%) isn’t notable compared to the bottom 25% of dividend payers in the NZ market (2.44%).

High Dividend: TAH's dividend (1.35%) is low compared to the top 25% of dividend payers in the NZ market (4.91%).


Stability and Growth of Payments

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

Growing Dividend: TAH 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: TAH is not paying a notable dividend for the NZ market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TAH'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?

0.3yrs

Average management tenure


CEO

Tony Wai

0.083

Tenure

Mr. Tony Wai serves as Chief Executive Officer of Third Age Health Services Limited from September 27, 2021. He served as the Chief Financial Officer of Atlantis Healthcare Group Limited since 2005 until D...


Leadership Team

Experienced Management: TAH's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: TAH's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.


Ownership

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


Insider Trading Volume

Insider Buying: TAH insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: TAH only recently listed within the past 12 months.


Top Shareholders

Company Information

Third Age Health Services Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Third Age Health Services Limited
  • Ticker: TAH
  • Exchange: NZSE
  • Founded: 2010
  • Industry: Health Care Services
  • Sector: Healthcare
  • Market Cap: NZ$26.567m
  • Shares outstanding: 9.16m
  • Website: https://www.thirdagehealth.co.nz

Location

  • Third Age Health Services Limited
  • 536 Kennedy Road
  • Greenmeadows
  • Napier
  • New Zealand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 15:36
End of Day Share Price2021/10/20 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.