National HealthCare Corporation operates, manages, and provides services to skilled nursing facilities, assisted living facilities, independent living facilities, and home health care programs.
No risks detected for NHC from our risk checks.
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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: NHC underperformed the US Healthcare industry which returned 7% over the past year.
Return vs Market: NHC underperformed the US Market which returned 14% over the past year.
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
1 week ago | Simply Wall StNational HealthCare (NYSEMKT:NHC) Is Growing Earnings But Are They A Good Guide?
3 weeks ago | Simply Wall StHere's Why We Think National HealthCare (NYSEMKT:NHC) Is Well Worth Watching
1 month ago | Simply Wall StYou Have To Love National HealthCare Corporation's (NYSEMKT:NHC) 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 ($78.79) is trading below our estimate of fair value ($100.19)
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 (17.6x) compared to the Healthcare industry average (28.4x).
PE vs Market: NHC is good value based on its PE Ratio (17.6x) compared to the US market (17.7x).
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 (1.6x) compared to the US Healthcare industry average (3.1x).
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.
- Examine whether National HealthCare is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- National HealthCare competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Healthcare industry.
How has National HealthCare performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NHC has high quality earnings.
Growing Profit Margin: NHC's current net profit margins (6.8%) are higher than last year (6%).
Past Earnings Growth Analysis
Earnings Trend: NHC's earnings have grown by 10.7% per year over the past 5 years.
Accelerating Growth: NHC's earnings growth over the past year (15.7%) exceeds its 5-year average (10.7% per year).
Earnings vs Industry: NHC earnings growth over the past year (15.7%) exceeded the Healthcare industry 13.9%.
Return on Equity
High ROE: NHC's Return on Equity (8.7%) is considered low.
Return on Assets
Return on Capital Employed
How is National HealthCare's financial position?
Financial Position Analysis
Short Term Liabilities: NHC's short term assets ($341.1M) exceed its short term liabilities ($194.8M).
Long Term Liabilities: NHC's short term assets ($341.1M) exceed its long term liabilities ($312.8M).
Debt to Equity History and Analysis
Debt Level: NHC's debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: NHC's debt to equity ratio has reduced from 1.4% to 1.3% over the past 5 years.
Debt Coverage: NHC's debt is well covered by operating cash flow (1001%).
Interest Coverage: NHC earns more interest than it pays, so coverage of interest payments is not a concern.
Inventory Level: NHC has a high level of physical assets or inventory.
Debt Coverage by Assets: NHC's debt is covered by short term assets (assets are 34.1x debt).
What is National HealthCare's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase National HealthCare before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: NHC's dividend (2.64%) is higher than the bottom 25% of dividend payers in the US market (1.48%).
High Dividend: NHC's dividend (2.64%) is low compared to the top 25% of dividend payers in the US market (3.77%).
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 (46.1%), 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 (63yo)
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 ($USD1.35M) is below average for companies of similar size in the US market ($USD3.87M).
Compensation vs Earnings: Steve's compensation has increased by more than 20% in the past year.
|CEO & Director||3.1yrs||US$1.35m||0.31% $3.8m|
|President & COO||3.1yrs||US$1.25m||0.94% $11.4m|
|Senior VP||3.1yrs||US$563.28k||0.11% $1.3m|
|Senior VP & Treasurer||3.1yrs||US$677.26k||0.013% $157.3k|
|0yrs||no data||no data|
|Senior VP & Chief Information Officer||3yrs||no data||0.018% $214.3k|
|Senior VP||0.8yrs||no data||no data|
|Senior Vice President of Ancillary Services & Service Line Strategy||2.8yrs||no data||0.015% $176.6k|
|Senior Vice President of Patient Services||0.7yrs||no data||0.0056% $67.7k|
|Secretary||0yrs||no data||no data|
Experienced Management: NHC's management team is considered experienced (3 years average tenure).
|CEO & Director||3.1yrs||US$1.35m||0.31% $3.8m|
|Chairman of the Board||11.1yrs||US$186.59k||2.76% $33.4m|
|Independent Director||18.1yrs||US$198.59k||2.29% $27.7m|
|Independent Director||28.1yrs||US$186.59k||0.62% $7.5m|
|Independent Director||15.8yrs||US$190.59k||0.40% $4.8m|
|Independent Director||17.1yrs||US$190.59k||0.15% $1.9m|
Experienced Board: NHC's board of directors are seasoned and experienced ( 17.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NHC insiders have only sold shares 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: AMEX
- Founded: 1971
- Industry: Health Care Facilities
- Sector: Healthcare
- Market Cap: US$1.208b
- Shares outstanding: 15.33m
- Website: https://www.nhccare.com
Number of Employees
- National HealthCare Corporation
- 100 East Vine Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NHC||AMEX (NYSE MKT LLC)||Yes||Common Stock||US||USD||Jul 1983|
National HealthCare Corporation operates, manages, and provides services to skilled nursing facilities, assisted living facilities, independent living facilities, and home health care programs. Its skilled nursing facilities offer licensed therapy services, nutrition services, social services, activities, and housekeeping and laundry services, as well as medical services prescribed by physicians; and rehabilitative services, such as physical, speech, respiratory, and occupational therapy for patients recovering from strokes, heart attacks, orthopedic conditions, neurological illnesses, or other illnesses, injuries, or disabilities. The company’s medical specialty units comprise memory care units and subacute nursing units that provide specialized care and programs for persons with Alzheimer’s or related disorders; and assisted living centers offer personal care services and assistance with general activities of daily living, such as dressing, bathing, meal preparation, and medication management. It also owns, leases, and manages independent living facilities that provide specially designed residential units for the active and ambulatory elderly, as well as offers various ancillary services for its residents, including restaurants, activity rooms, and social areas. In addition, it provides health care programs that offer skilled services, such as infusion, wound care and physical, occupational, and speech therapies; operates pharmacies; offers management, accounting, financial, and insurance services; and leases its properties to third party operators. As of December 31, 2018, the company operated 75 skilled nursing facilities with 9,510 licensed beds; 24 assisted living facilities; 5 independent living facilities; 35 homecare programs; and 4 pharmacies. National HealthCare Corporation was founded in 1971 and is based in Murfreesboro, Tennessee.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/25 00:31|
|End of Day Share Price||2020/02/24 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.