OM:GHP

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

GHP Specialty Care

Executive Summary

GHP Specialty Care AB (publ) provides healthcare services in the Nordic region and internationally. More Details


Snowflake Analysis

Flawless balance sheet with solid 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

Stable Share Price: GHP has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

8.4%

GHP

3.2%

SE Healthcare

-0.6%

SE Market


1 Year Return

46.1%

GHP

25.3%

SE Healthcare

17.8%

SE Market

Return vs Industry: GHP exceeded the Swedish Healthcare industry which returned 25.3% over the past year.

Return vs Market: GHP exceeded the Swedish Market which returned 17.8% over the past year.


Shareholder returns

GHPIndustryMarket
7 Day8.4%3.2%-0.6%
30 Day11.0%3.2%1.0%
90 Day17.4%32.2%6.7%
1 Year46.1%46.1%25.3%25.3%20.0%17.8%
3 Year169.1%163.3%8.0%5.5%35.0%20.4%
5 Year257.2%235.3%-5.5%-12.1%64.4%32.3%

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?

38.15x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GHP (SEK23.3) is trading above our estimate of fair value (SEK9.38)

Significantly Below Fair Value: GHP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GHP is poor value based on its PE Ratio (38.2x) compared to the SE Healthcare industry average (21.6x).

PE vs Market: GHP is poor value based on its PE Ratio (38.2x) compared to the Swedish market (22.8x).


Price to Earnings Growth Ratio

PEG Ratio: GHP is poor value based on its PEG Ratio (2.4x)


Price to Book Ratio

PB vs Industry: GHP is overvalued based on its PB Ratio (3.6x) compared to the SE Healthcare industry average (1.5x).


Next Steps

Future Growth

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

15.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GHP's forecast earnings growth (15.8% per year) is above the savings rate (0.5%).

Earnings vs Market: GHP's earnings (15.8% per year) are forecast to grow faster than the Swedish market (13.9% per year).

High Growth Earnings: GHP's earnings are forecast to grow, but not significantly.

Revenue vs Market: GHP's revenue (6.7% per year) is forecast to grow faster than the Swedish market (3% per year).

High Growth Revenue: GHP's revenue (6.7% 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 (12%).


Next Steps

Past Performance

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

12.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GHP has high quality earnings.

Growing Profit Margin: GHP's current net profit margins (3.1%) are higher than last year (3%).


Past Earnings Growth Analysis

Earnings Trend: GHP's earnings have grown by 12.6% per year over the past 5 years.

Accelerating Growth: GHP's earnings growth over the past year (14.2%) exceeds its 5-year average (12.6% per year).

Earnings vs Industry: GHP earnings growth over the past year (14.2%) exceeded the Healthcare industry -15%.


Return on Equity

High ROE: GHP's Return on Equity (10.9%) is considered low.


Next Steps

Financial Health

How is GHP Specialty Care's financial position?


Financial Position Analysis

Short Term Liabilities: GHP's short term assets (SEK453.2M) exceed its short term liabilities (SEK369.6M).

Long Term Liabilities: GHP's short term assets (SEK453.2M) exceed its long term liabilities (SEK289.9M).


Debt to Equity History and Analysis

Debt Level: GHP's debt to equity ratio (0.2%) is considered satisfactory.

Reducing Debt: GHP's debt to equity ratio has reduced from 28.3% to 0.2% over the past 5 years.

Debt Coverage: GHP's debt is well covered by operating cash flow (19788.9%).

Interest Coverage: GHP's interest payments on its debt are well covered by EBIT (10.7x coverage).


Balance Sheet


Next Steps

Dividend

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

1.59%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate GHP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GHP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GHP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GHP's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: GHP is not paying a notable dividend for the Swedish market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GHP's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Daniel Öhman (40 yo)

no data

Tenure

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Daniel Öhman
CEO & Business Area Manager of VGRno datano data0.049%
SEK 811.8k
Philip Delborn
Chief Financial Officer3.92yrsno data0.087%
SEK 1.4m
Terese Sandberg
Head of Operational Intelligence & Business Area Manager of Denmark3.75yrsno datano data
Tycho Tullberg
Chief Medical Officer3.75yrsno datano data
Gunnar Ahlberg
Medical Director (CMO)0.75yrno datano data
Magnus Ödquist
Chief Executive Officer of GHP Ortho Center Stockholm3.42yrsno datano data
Alexander Ahlberg
Chief Executive Officer of GHP Kirurgkliniken Stockholm & GHP Stockholm Gastro Center3.33yrsno datano data
Mikael Strid
Controller of Spine/Orthopaedics & Business Developerno datano datano data

3.6yrs

Average Tenure

46yo

Average Age

Experienced Management: GHP's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Johan Fredrick Schering Wachtmeister
Director6.5yrskr200.00k7.23%
SEK 119.9m
Bo Wahlström
Independent Director8.42yrskr200.00k0.21%
SEK 3.5m
Mikael Olsson
Independent Director7.42yrskr200.00k0.057%
SEK 943.9k
Carsten Browall
Independent Chairman of the Board4.5yrskr400.00k0.64%
SEK 10.6m
Dag Andersson
Director1.5yrsno data0.17%
SEK 2.8m
Elisabeth Hansson
Independent Director4.5yrskr200.00k0.063%
SEK 1.0m

5.5yrs

Average Tenure

60yo

Average Age

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


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.9%.


Top Shareholders

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: kr1.658b
  • Shares outstanding: 70.26m
  • Website: https://www.ghp.se

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GHPOM (OMX Nordic Exchange Stockholm)YesOrdinary SharesSESEKOct 2008
0JM2LSE (London Stock Exchange)YesOrdinary SharesGBSEKOct 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 in the Nordic region and internationally. The company operates specialist clinics that offer services in various areas, including orthopaedics, spi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 20:47
End of Day Share Price2020/10/19 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.