OM:GHP

Stock Analysis Report

GHP Specialty Care

Executive Summary

GHP Specialty Care AB (publ) provides healthcare services.

Snowflake

Fundamentals

Excellent balance sheet with proven track record.

Share Price & News

How has GHP Specialty Care's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.2%

GHP

0.7%

SE Healthcare

2.1%

SE Market


1 Year Return

24.6%

GHP

-9.5%

SE Healthcare

12.1%

SE Market

Return vs Industry: GHP exceeded the Swedish Healthcare industry which returned -9.5% over the past year.

Return vs Market: GHP exceeded the Swedish Market which returned 12.1% over the past year.


Shareholder returns

GHPIndustryMarket
7 Day3.2%0.7%2.1%
30 Day4.2%1.5%1.6%
90 Day14.3%5.1%3.7%
1 Year27.4%24.6%-8.2%-9.5%16.8%12.1%
3 Year51.0%44.3%-19.0%-22.9%32.2%12.4%
5 Year240.7%212.7%149.5%112.8%62.8%28.3%

Price Volatility Vs. Market

How volatile is GHP Specialty Care's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is GHP Specialty Care undervalued compared to its fair value and its price relative to the market?

49.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GHP (SEK15.95) is trading below our estimate of fair value (SEK31.76)

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


Price To Earnings Ratio

PE vs Industry: GHP is poor value based on its PE Ratio (29.7x) compared to the Healthcare industry average (26.7x).

PE vs Market: GHP is poor value based on its PE Ratio (29.7x) compared to the Swedish market (16.9x).


Price to Earnings Growth Ratio

PEG Ratio: GHP is poor value based on its PEG Ratio (0x)


Price to Book Ratio

PB vs Industry: GHP is overvalued based on its PB Ratio (2.8x) compared to the SE Healthcare industry average (1.4x).


Next Steps

Future Growth

How is GHP Specialty Care forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

1.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GHP's forecast earnings growth (1.8% per year) is above the savings rate (0.4%).

Earnings vs Market: GHP's earnings (1.8% per year) are forecast to grow faster than the Swedish market (9.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GHP's revenue (7.7% per year) is forecast to grow faster than the Swedish market (4.5% per year).

High Growth Revenue: GHP's revenue (7.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GHP's Return on Equity is forecast to be low in 3 years time (0%).


Next Steps

Past Performance

How has GHP Specialty Care performed over the past 5 years?

25.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GHP has become profitable over the past 5 years, growing earnings by 25.8% per year.

Accelerating Growth: GHP's earnings growth over the past year (2.2%) is below its 5-year average (25.8% per year).

Earnings vs Industry: GHP earnings growth over the past year (2.2%) exceeded the Healthcare industry -15.7%.


Return on Equity

High ROE: GHP's Return on Equity (11.3%) is considered low.


Return on Assets

ROA vs Industry: GHP has a higher Return on Assets than the Healthcare industry average last year.


Return on Capital Employed

ROCE Improving: GHP has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is GHP Specialty Care's financial position?


Financial Position Analysis

Short Term Liabilities: GHP's short term assets (SEK279.3M) do not cover its short term liabilities (SEK291.0M)

Long Term Liabilities: GHP's short term assets (279.3M) exceeds its long term liabilities (243.9M)


Debt to Equity History and Analysis

Debt Level: GHP's debt to equity ratio (29.5%) is considered satisfactory

Reducing Debt: GHP's debt to equity ratio has reduced from 36.2% to 29.5% over the past 5 years.

Debt Coverage: GHP's debt is well covered by operating cash flow (66.8%).

Interest Coverage: GHP earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: GHP has a low level of unsold assets or inventory.

Debt Coverage by Assets: GHP's debt is covered by short term assets (assets are 2.462960x debt).


Next Steps

Dividend

What is GHP Specialty Care's current dividend yield, its reliability and sustainability?

1.88%

Current Dividend Yield


Dividend Yield vs Market

company1.9%marketbottom25%1.8%markettop25%4.6%industryaverage1.7%forecastin3Years2.4%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: GHP's dividend (1.88%) is higher than the bottom 25% of dividend payers in the Swedish market (1.81%).

High Dividend: GHP's dividend (1.88%) is low compared to the top 25% of dividend payers in the Swedish market (4.65%).

Stable Dividend: GHP has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: GHP's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (55.8%), GHP's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GHP's dividends in 3 years are forecast to be well covered by earnings (46.5% payout ratio).


Next Steps

Management

What is the CEO of GHP Specialty Care's salary, the management and board of directors tenure and is there insider trading?

2.8yrs

Average management tenure


CEO

Daniel Öhman (39yo)

0yrs

Tenure

0

Mr. Daniel Öhman has been Business Area Manager of VGR at GHP Specialty Care AB (publ) since January 19, 2017. Mr. Öhman has been the Chief Executive Officer of GHP Specialty Care AB (publ) (formerly Globa ...


Management Age and Tenure

2.8yrs

Average Tenure

44.5yo

Average Age

Experienced Management: GHP's management team is considered experienced (2.8 years average tenure).


Board Age and Tenure

5.5yrs

Average Tenure

59yo

Average Age

Experienced Board: GHP's board of directors are considered experienced (5.5 years average tenure).


Insider Trading

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


Recent Insider Transactions

Buykr1,935,00016 Aug 19
Bo Wahlström
EntityIndividual
Role
Member of the Board of Directors
Director
Shares150,000
Max Pricekr12.90

Ownership Breakdown


Management Team

  • Tobias Linebäck (45yo)

    Deputy CEO & CEO of GHP International

    • Tenure: 3.8yrs
  • Philip Delborn (44yo)

    Chief Financial Officer

    • Tenure: 2.9yrs
  • Tycho Tullberg (68yo)

    Chief Medical Officer

    • Tenure: 2.8yrs
  • Terese Sandberg (42yo)

    Head of Operational Intelligence & Business Area Manager of Denmark

    • Tenure: 2.8yrs
  • Daniel Öhman (39yo)

    CEO & Business Area Manager of VGR

    • Tenure: 0yrs
  • Mikael Strid

    Controller of Spine/Orthopaedics & Business Developer

    • Tenure: 0yrs
  • Max Van Eijk

    Business Area Head

    • Tenure: 0yrs
  • Magnus Ödquist (46yo)

    Chief Executive Officer of GHP Ortho Center Stockholm

    • Tenure: 2.4yrs
  • Alexander Ahlberg

    Chief Executive Officer of GHP Kirurgkliniken Stockholm & GHP Stockholm Gastro Center

    • Tenure: 2.3yrs

Board Members

  • Johan Fredrick Schering Wachtmeister (60yo)

    Director

    • Tenure: 5.5yrs
  • Bo Wahlström (70yo)

    Director

    • Tenure: 7.4yrs
  • Mikael Olsson (56yo)

    Director

    • Tenure: 6.4yrs
  • Carsten Browall (61yo)

    Chairman of the Board

    • Tenure: 3.5yrs
  • Dag Andresson (58yo)

    Director

    • Tenure: 0yrs
  • Elisabeth Hansson (44yo)

    Director

    • Tenure: 3.5yrs

Company Information

GHP Specialty Care AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GHP Specialty Care AB (publ)
  • Ticker: GHP
  • Exchange: OM
  • Founded: 2006
  • Industry: Health Care Services
  • Sector: Healthcare
  • Market Cap: kr1.089b
  • Shares outstanding: 68.28m
  • Website: https://www.ghp.se

Number of Employees


Location

  • GHP Specialty Care AB (publ)
  • Södra Hamngatan 45
  • Gothenburg
  • Västra Götaland County
  • 411 06
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GHPOM (OMX Nordic Exchange Stockholm)YesOrdinary SharesSESEKOct 2008
GHPSBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBSEKOct 2008
2BQDB (Deutsche Boerse AG)YesOrdinary SharesDEEUROct 2008

Biography

GHP Specialty Care AB (publ) provides healthcare services. The company operates specialist clinics that offer services in various areas, including general surgery, arrhythmia, sports medicine, neurology, s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 21:02
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.