National HealthCare Corporation operates, manages, and provides services to skilled nursing facilities, assisted living facilities, independent living facilities, home health care programs, and a behavioral health hospital. More Details
Flawless balance sheet, undervalued and pays a dividend.
Share Price & News
How has National HealthCare's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NHC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: NHC's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: NHC underperformed the US Healthcare industry which returned 33.8% over the past year.
Return vs Market: NHC underperformed the US Market which returned 34.4% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is National HealthCare's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall StWhy We Think National HealthCare Corporation's (NYSEMKT:NHC) CEO Compensation Is Not Excessive At All
3 months ago | Simply Wall StReturns On Capital At National HealthCare (NYSEMKT:NHC) Paint A Concerning Picture
4 months ago | Simply Wall StRead This Before Considering National HealthCare Corporation (NYSEMKT:NHC) For Its Upcoming US$0.52 Dividend
Is National HealthCare 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: NHC ($76.18) is trading below our estimate of fair value ($759.55)
Significantly Below Fair Value: NHC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NHC is good value based on its PE Ratio (13x) compared to the US Healthcare industry average (22.8x).
PE vs Market: NHC is good value based on its PE Ratio (13x) compared to the US market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate NHC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: NHC is good value based on its PB Ratio (1.5x) compared to the US Healthcare industry average (3.7x).
How is National HealthCare 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 National HealthCare 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 National HealthCare performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NHC has a large one-off gain of $77.5M impacting its March 31 2021 financial results.
Growing Profit Margin: NHC's current net profit margins (9.5%) are higher than last year (2%).
Past Earnings Growth Analysis
Earnings Trend: NHC's earnings have grown by 1.9% per year over the past 5 years.
Accelerating Growth: NHC's earnings growth over the past year (347.9%) exceeds its 5-year average (1.9% per year).
Earnings vs Industry: NHC earnings growth over the past year (347.9%) exceeded the Healthcare industry 43.9%.
Return on Equity
High ROE: NHC's Return on Equity (11.1%) is considered low.
How is National HealthCare's financial position?
Financial Position Analysis
Short Term Liabilities: NHC's short term assets ($464.6M) exceed its short term liabilities ($265.8M).
Long Term Liabilities: NHC's short term assets ($464.6M) exceed its long term liabilities ($279.3M).
Debt to Equity History and Analysis
Debt Level: NHC is debt free.
Reducing Debt: NHC has no debt compared to 5 years ago when its debt to equity ratio was 18.3%.
Debt Coverage: NHC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NHC has no debt, therefore coverage of interest payments is not a concern.
What is National HealthCare current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NHC's dividend (2.73%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: NHC's dividend (2.73%) is low compared to the top 25% of dividend payers in the US market (3.57%).
Stability and Growth of Payments
Stable Dividend: NHC's dividends per share have been stable in the past 10 years.
Growing Dividend: NHC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (35.4%), NHC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Flatt (65 yo)
Dr. Stephen F. Flatt, also known as Steve, has been the Chief Executive Officer of National HealthCare Corporation since January 1, 2017. Dr. Flatt served as the President of National Healthcare Corp. from...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD1.28M) is below average for companies of similar size in the US market ($USD2.42M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
Experienced Management: NHC's management team is considered experienced (4.5 years average tenure).
Experienced Board: NHC's board of directors are seasoned and experienced ( 18.6 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.
National HealthCare Corporation's company bio, employee growth, exchange listings and data sources
- Name: National HealthCare Corporation
- Ticker: NHC
- Exchange: NYSEAM
- Founded: 1971
- Industry: Health Care Facilities
- Sector: Healthcare
- Market Cap: US$1.172b
- Shares outstanding: 15.38m
- Website: https://www.nhccare.com
Number of Employees
- National HealthCare Corporation
- 100 East Vine Street
- United States
National HealthCare Corporation operates, manages, and provides services to skilled nursing facilities, assisted living facilities, independent living facilities, home health care programs, and a behaviora...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/08/03 23:41|
|End of Day Share Price||2021/08/03 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.