National HealthCare Corporation operates, manages, and provides services to skilled nursing facilities, assisted living facilities, independent living facilities, and home health care programs. More Details
Flawless balance sheet and fair value.
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 not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: NHC's weekly volatility (6%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: NHC underperformed the US Healthcare industry which returned 16.2% over the past year.
Return vs Market: NHC underperformed the US Market which returned 24.3% 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
1 week ago | Simply Wall StCould The National HealthCare Corporation (NYSEMKT:NHC) Ownership Structure Tell Us Something Useful?
3 weeks ago | Simply Wall StThese Metrics Don't Make National HealthCare (NYSEMKT:NHC) Look Too Strong
1 month ago | Simply Wall StDo These 3 Checks Before Buying National HealthCare Corporation (NYSEMKT:NHC) For Its Upcoming 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 ($65.36) is trading below our estimate of fair value ($663.49)
Significantly Below Fair Value: NHC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NHC is poor value based on its PE Ratio (35.6x) compared to the US Healthcare industry average (29.8x).
PE vs Market: NHC is poor value based on its PE Ratio (35.6x) compared to the US market (21.2x).
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 (1.3x) compared to the US Healthcare industry average (3.6x).
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 a large one-off loss of $30.1M impacting its September 30 2020 financial results.
Growing Profit Margin: NHC's current net profit margins (2.9%) are lower than last year (7.3%).
Past Earnings Growth Analysis
Earnings Trend: NHC's earnings have grown by 0.6% per year over the past 5 years.
Accelerating Growth: NHC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: NHC had negative earnings growth (-61.3%) over the past year, making it difficult to compare to the Healthcare industry average (20.7%).
Return on Equity
High ROE: NHC's Return on Equity (3.6%) is considered low.
How is National HealthCare's financial position?
Financial Position Analysis
Short Term Liabilities: NHC's short term assets ($422.2M) exceed its short term liabilities ($259.7M).
Long Term Liabilities: NHC's short term assets ($422.2M) exceed its long term liabilities ($301.9M).
Debt to Equity History and Analysis
Debt Level: NHC is debt free.
Reducing Debt: NHC has no debt compared to 5 years ago when its debt to equity ratio was 1.7%.
Debt Coverage: NHC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: NHC has no debt, therefore coverage of interest payments is not a concern.
What is National HealthCare current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NHC's dividend (3.18%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: NHC's dividend (3.18%) is low compared to the top 25% of dividend payers in the US market (3.87%).
Stability and Growth of Payments
Stable Dividend: NHC's dividends per share have been stable in the past 10 years.
Growing Dividend: NHC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (113.3%), NHC's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Flatt (64 yo)
Dr. Stephen F. Flatt, also known as Steve, has been the Chief Executive Officer of National HealthCare Corporation since January 1, 2017. Dr. Flatt served as the President of National Healthcare Corp. from...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD1.42M) is below average for companies of similar size in the US market ($USD2.37M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
|CEO & Director||4yrs||US$1.42m||0.32% |
|President & COO||4yrs||US$1.29m||0.95% |
|Senior VP||4yrs||US$589.94k||0.11% |
|Senior VP & Chief Information Officer||3.92yrs||US$640.05k||0.023% |
|Senior VP & Treasurer||4yrs||US$700.03k||0.016% |
|no data||no data||no data|
|Senior VP||1.75yrs||no data||0.0027% |
|Senior Vice President of Ancillary Services & Service Line Strategy||3.75yrs||no data||0.025% |
|Senior Vice President of Patient Services||1.58yrs||no data||0.0071% |
Experienced Management: NHC's management team is considered experienced (4 years average tenure).
|CEO & Director||4yrs||US$1.42m||0.32% |
|Chairman of the Board||12yrs||US$186.59k||2.78% |
|Independent Director||19yrs||US$198.59k||2.21% |
|Independent Director||29yrs||US$186.59k||0.59% |
|Independent Director||16.75yrs||US$190.59k||0.43% |
|Independent Director||18yrs||US$190.59k||0.16% |
Experienced Board: NHC's board of directors are seasoned and experienced ( 18 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$1.085b
- Shares outstanding: 15.36m
- 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|
|HTW||MUN (Boerse Muenchen)||Yes||Common Stock||DE||EUR||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...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/27 23:02|
|End of Day Share Price||2021/01/27 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.