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
|Historical stock prices|
|Current Share Price||NZ$2.90|
|52 Week High||NZ$2.20|
|52 Week Low||NZ$2.93|
|1 Month Change||16.94%|
|3 Month Change||26.09%|
|1 Year Change||n/a|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||30.63%|
Recent News & Updates
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...
|TAH||NZ Healthcare||NZ Market|
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.
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
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
|TAH fundamental statistics|
Is TAH overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TAH income statement (TTM)|
|Cost of Revenue||NZ$2.17m|
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.11|
|Net Profit Margin||18.97%|
How did TAH perform over the long term?See historical performance and comparison
1.3%Current Dividend Yield
Is Third Age Health Services 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: 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).
How is Third Age Health Services forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Third Age Health Services performed over the past 5 years?
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.
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.
What is Third Age Health Services's current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management 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...
Experienced Management: TAH's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.
Experienced Board: TAH's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
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
Dilution of Shares: TAH only recently listed within the past 12 months.
Third Age Health Services Limited's employee growth, exchange listings and data sources
- 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
- Third Age Health Services Limited
- 536 Kennedy Road
- New Zealand
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 15:36|
|End of Day Share Price||2021/10/20 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.