Vital Healthcare Property Trust is a real estate investment trust externally managed by Vital Healthcare Management Limited.
Established dividend payer with limited growth.
Share Price & News
How has Vital Healthcare Property Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: VHP has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: VHP exceeded the NZ REITs industry which returned -10.4% over the past year.
Return vs Market: VHP matched the NZ Market which returned -0% over the past year.
Price Volatility Vs. Market
How volatile is Vital Healthcare Property Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall StDid You Participate In Any Of Vital Healthcare Property Trust's (NZSE:VHP) Respectable 76% Return?
4 months ago | Simply Wall StCan We See Significant Institutional Ownership On The Vital Healthcare Property Trust (NZSE:VHP) Share Register?
5 months ago | Simply Wall StHave Insiders Been Selling Vital Healthcare Property Trust (NZSE:VHP) Shares?
Is Vital Healthcare Property Trust undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: VHP (NZ$2.65) is trading above our estimate of fair value (NZ$1.96)
Significantly Below Fair Value: VHP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: VHP is poor value based on its PE Ratio (20.6x) compared to the NZ REITs industry average (11.6x).
PE vs Market: VHP is poor value based on its PE Ratio (20.6x) compared to the NZ market (18.7x).
Price to Earnings Growth Ratio
PEG Ratio: VHP is poor value based on its PEG Ratio (1.8x)
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 forecast earnings growth (11.4% per year) is above the savings rate (2.6%).
Earnings vs Market: VHP's earnings (11.4% per year) are forecast to grow faster than the NZ market (6.9% per year).
High Growth Earnings: VHP's earnings are forecast to grow, but not significantly.
Revenue vs Market: VHP's revenue (2.3% per year) is forecast to grow slower than the NZ market (5.6% per year).
High Growth Revenue: VHP's revenue (2.3% 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 (5%).
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$45.7M impacting its June 30 2020 financial results.
Growing Profit Margin: VHP's current net profit margins (50.8%) are lower than last year (83.8%).
Past Earnings Growth Analysis
Earnings Trend: VHP's earnings have declined by 7.6% per year over the past 5 years.
Accelerating Growth: VHP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: VHP had negative earnings growth (-37.7%) over the past year, making it difficult to compare to the REITs industry average (-18.3%).
Return on Equity
High ROE: VHP's Return on Equity (5.4%) is considered low.
How is Vital Healthcare Property Trust's financial position?
Financial Position Analysis
Short Term Liabilities: VHP's short term assets (NZ$11.4M) do not cover its short term liabilities (NZ$145.4M).
Long Term Liabilities: VHP's short term assets (NZ$11.4M) do not cover its long term liabilities (NZ$880.9M).
Debt to Equity History and Analysis
Debt Level: VHP's debt to equity ratio (81.3%) is considered high.
Reducing Debt: VHP's debt to equity ratio has increased from 61.6% to 81.3% over the past 5 years.
Debt Coverage: VHP's debt is not well covered by operating cash flow (5.1%).
Interest Coverage: VHP's interest payments on its debt are not well covered by EBIT (2.7x coverage).
What is Vital Healthcare Property Trust current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: VHP's dividend (3.3%) is higher than the bottom 25% of dividend payers in the NZ market (2.95%).
High Dividend: VHP's dividend (3.3%) is low compared to the top 25% of dividend payers in the NZ market (5.39%).
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: At its current payout ratio (75.4%), VHP's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: VHP's dividends in 3 years are forecast to be covered by earnings (78.6% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Vital Healthcare Property Trust has no CEO, or we have no data on them.
|Chief Financial Officer of Vital Healthcare Management Limited||0.50yr||no data||no data|
|Fund Analyst & Investor Relations Manager of Vital Healthcare Management Limited||no data||no data||no data|
|Managing Director of Australia||no data||no data||no data|
|Fund Manager||no data||no data||no data|
|New Zealand Asset Manager of Vital Healthcare Management Limited||no data||no data||no data|
|National Development Manager of Vital Healthcare Management Limited||no data||no data||no data|
|National Acquisitions Manager of Vital Healthcare Management Limited||4.33yrs||no data||no data|
|Property Manager of Vital Healthcare Management Ltd.||2.58yrs||no data||no data|
|Executive Director of NorthWest||no data||no data||no data|
Experienced Management: VHP's management team is considered experienced (2.6 years average tenure).
|Chairman of Vital Healthcare Management Limited||no data||NZ$5.00k||no data|
|Independent Director of Vital Healthcare Management Limited||13yrs||no data||0.12% |
|Independent Director of NorthWest Healthcare Properties Management Limited||0.75yr||no data||no data|
|Independent Director of NorthWest Healthcare Properties Management Limited||1.75yrs||no data||no data|
|Director of Vital Healthcare Management Limited||8.58yrs||no data||1.35% |
Experienced Board: VHP's board of directors are considered experienced (5.2 years average tenure).
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 not been meaningfully diluted in the past year.
Vital Healthcare Property Trust's company bio, 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$1.207b
- Shares outstanding: 453.78m
- Website: https://www.vitalhealthcareproperty.co.nz
- Vital Healthcare Property Trust
- AIG Building
- Level 16
- New Zealand
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|VHP||NZSE (New Zealand Stock Exchange)||Yes||Units||NZ||NZD||Sep 1999|
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 ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/08/14 01:30|
|End of Day Share Price||2020/08/13 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.