Vital Healthcare Property Trust is a real estate investment trust externally managed by Vital Healthcare Management Limited.
Price History & Performance
|Historical stock prices|
|Current Share Price||NZ$2.93|
|52 Week High||NZ$2.85|
|52 Week Low||NZ$3.38|
|1 Month Change||-5.48%|
|3 Month Change||-7.57%|
|1 Year Change||-0.85%|
|3 Year Change||40.87%|
|5 Year Change||44.34%|
|Change since IPO||163.96%|
Recent News & Updates
|VHP||NZ REITs||NZ Market|
Return vs Industry: VHP exceeded the NZ REITs industry which returned -2.7% over the past year.
Return vs Market: VHP underperformed the NZ Market which returned 2.4% over the past year.
Stable Share Price: VHP is less volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: VHP's weekly volatility (2%) has been stable over the past year.
About the Company
Vital Healthcare Property Trust is a real estate investment trust externally managed by Vital Healthcare Management Limited. The firm investments in health and medical related properties in New Zealand and Australia. It undertakes acquisition or development of medical or healthcare-related properties such as surgical and medical facilities, geriatric and continuing care facilities primary healthcare facilities, and health support facilities.
Vital Healthcare Property Trust Fundamentals Summary
|VHP fundamental statistics|
Is VHP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|VHP income statement (TTM)|
|Cost of Revenue||NZ$16.48m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.49|
|Net Profit Margin||220.69%|
How did VHP perform over the long term?See historical performance and comparison
3.1%Current Dividend Yield
Is Vital Healthcare Property Trust 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: VHP (NZ$2.93) is trading below our estimate of fair value (NZ$3.33)
Significantly Below Fair Value: VHP is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: VHP's PE Ratio (5.9x) is in line with the NZ REITs industry average.
PE vs Market: VHP is good value based on its PE Ratio (5.9x) compared to the NZ market (22.2x).
Price to Earnings Growth Ratio
PEG Ratio: VHP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: VHP's PB Ratio (1.1x) is in line with the NZ REITs industry average.
How is Vital Healthcare Property Trust forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VHP's earnings are forecast to decline over the next 3 years (-31.2% per year).
Earnings vs Market: VHP's earnings are forecast to decline over the next 3 years (-31.2% per year).
High Growth Earnings: VHP's earnings are forecast to decline over the next 3 years.
Revenue vs Market: VHP's revenue (5.5% per year) is forecast to grow faster than the NZ market (5.2% per year).
High Growth Revenue: VHP's revenue (5.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VHP's Return on Equity is forecast to be low in 3 years time (3.6%).
How has Vital Healthcare Property Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VHP has a large one-off gain of NZ$246.7M impacting its June 30 2021 financial results.
Growing Profit Margin: VHP's current net profit margins are higher than last year (50.8%).
Past Earnings Growth Analysis
Earnings Trend: VHP's earnings have declined by 4% per year over the past 5 years.
Accelerating Growth: VHP's earnings growth over the past year (378.9%) exceeds its 5-year average (-4% per year).
Earnings vs Industry: VHP earnings growth over the past year (378.9%) exceeded the REITs industry 267.1%.
Return on Equity
High ROE: VHP's Return on Equity (18.5%) is considered low.
How is Vital Healthcare Property Trust's financial position?
Financial Position Analysis
Short Term Liabilities: VHP's short term assets (NZ$21.5M) do not cover its short term liabilities (NZ$170.4M).
Long Term Liabilities: VHP's short term assets (NZ$21.5M) do not cover its long term liabilities (NZ$988.7M).
Debt to Equity History and Analysis
Debt Level: VHP's debt to equity ratio (64.5%) is considered high.
Reducing Debt: VHP's debt to equity ratio has reduced from 69% to 64.5% over the past 5 years.
Debt Coverage: VHP's debt is not well covered by operating cash flow (5.8%).
Interest Coverage: VHP's interest payments on its debt are well covered by EBIT (14.8x coverage).
What is Vital Healthcare Property Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: VHP's dividend (3.07%) is higher than the bottom 25% of dividend payers in the NZ market (2.41%).
High Dividend: VHP's dividend (3.07%) is low compared to the top 25% of dividend payers in the NZ market (4.86%).
Stability and Growth of Payments
Stable Dividend: VHP's dividends per share have been stable in the past 10 years.
Growing Dividend: VHP's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (43.2%), VHP's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: VHP's dividends in 3 years are forecast to be covered by earnings (80.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Vital Healthcare Property Trust has no CEO, or we have no data on them.
Experienced Board: VHP's board of directors are not considered experienced ( 1.9 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.5%.
Vital Healthcare Property Trust's employee growth, exchange listings and data sources
- Name: Vital Healthcare Property Trust
- Ticker: VHP
- Exchange: NZSE
- Founded: 1994
- Industry: Health Care REITs
- Sector: Real Estate
- Market Cap: NZ$1.656b
- Shares outstanding: 565.32m
- Website: https://www.vitalhealthcareproperty.co.nz
- Vital Healthcare Property Trust
- AIG Building
- Level 16
- New Zealand
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 15:34|
|End of Day Share Price||2021/10/22 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.