SBRA

Sabra Health Care REITNasdaqGS:SBRA Stock Report

Market Cap

US$3.4b

7D

-1.7%

1Y

6.5%

Updated

22 Sep, 2021

Data

Company Financials +
SBRA fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance0/6
Financial Health2/6
Dividends4/6

SBRA Overview

As of September 30, 2020, Sabra’s investment portfolio included 425 real estate properties held for investment (consisting of (i) 287 Skilled Nursing/Transitional Care facilities, (ii) 64 Senior Housing communities (“Senior Housing - Leased”), (iii) 47 Senior Housing communities operated by third-party property managers pursuant to property management agreements (“Senior Housing - Managed”) and (iv) 27 Specialty Hospitals and Other facilities), one asset held for sale, one investment in a direct financing lease, 19 investments in loans receivable (consisting of (i) one mortgage loan, (ii) one construction loan and (iii) 17 other loans), six preferred equity investments and one investment in an unconsolidated joint venture that owns 158 Senior Housing - Managed communities.

Share Price & News

How has Sabra Health Care REIT's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SBRA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: SBRA's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-1.7%

SBRA

-1.0%

US REITs

-1.8%

US Market


1 Year Return

6.5%

SBRA

34.6%

US REITs

31.5%

US Market

Return vs Industry: SBRA underperformed the US REITs industry which returned 36.1% over the past year.

Return vs Market: SBRA underperformed the US Market which returned 33% over the past year.


Shareholder returns

SBRAIndustryMarket
7 Day-1.7%-1.0%-1.8%
30 Day0.4%-1.1%-0.9%
90 Day-14.1%2.4%0.8%
1 Year14.3%6.5%39.0%34.6%33.5%31.5%
3 Year-14.0%-32.8%46.3%30.1%57.5%47.8%
5 Year-3.7%-36.4%54.7%25.2%119.1%95.3%

Long-Term Price Volatility Vs. Market

How volatile is Sabra Health Care REIT's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Sabra Health Care REIT Fundamentals Summary

How do Sabra Health Care REIT's earnings and revenue compare to its market cap?
SBRA fundamental statistics
Market CapUS$3.41b
Earnings (TTM)-US$25.55m
Revenue (TTM)US$597.45m

5.7x

P/S Ratio

-133.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SBRA income statement (TTM)
RevenueUS$597.45m
Cost of RevenueUS$133.45m
Gross ProfitUS$464.01m
ExpensesUS$489.56m
Earnings-US$25.55m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.12
Gross Margin77.66%
Net Profit Margin-4.28%
Debt/Equity Ratio67.7%

How did SBRA perform over the long term?

See historical performance and comparison

Dividends

7.8%

Current Dividend Yield

74%

Payout Ratio

Valuation

Is Sabra Health Care REIT undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SBRA ($15.46) is trading below our estimate of fair value ($40.14)

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


Price To Earnings Ratio

PE vs Industry: SBRA is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.

PE vs Market: SBRA is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SBRA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SBRA is good value based on its PB Ratio (1x) compared to the US REITs industry average (2x).


Future Growth

How is Sabra Health Care REIT forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

36.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SBRA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: SBRA is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SBRA's is expected to become profitable in the next 3 years.

Revenue vs Market: SBRA's revenue (4% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: SBRA's revenue (4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SBRA's Return on Equity is forecast to be low in 3 years time (5.2%).


Past Performance

How has Sabra Health Care REIT performed over the past 5 years?

-0.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SBRA is currently unprofitable.

Growing Profit Margin: SBRA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SBRA is unprofitable, and losses have increased over the past 5 years at a rate of 0.5% per year.

Accelerating Growth: Unable to compare SBRA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SBRA is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (3.9%).


Return on Equity

High ROE: SBRA has a negative Return on Equity (-0.76%), as it is currently unprofitable.


Financial Health

How is Sabra Health Care REIT's financial position?


Financial Position Analysis

Short Term Liabilities: SBRA's short term assets ($290.8M) exceed its short term liabilities ($93.6M).

Long Term Liabilities: SBRA's short term assets ($290.8M) do not cover its long term liabilities ($2.3B).


Debt to Equity History and Analysis

Debt Level: SBRA's debt to equity ratio (67.7%) is considered high.

Reducing Debt: SBRA's debt to equity ratio has reduced from 118.2% to 67.7% over the past 5 years.

Debt Coverage: SBRA's debt is not well covered by operating cash flow (14.8%).

Interest Coverage: SBRA's interest payments on its debt are not well covered by EBIT (2.6x coverage).


Balance Sheet


Dividend

What is Sabra Health Care REIT current dividend yield, its reliability and sustainability?

7.76%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SBRA's dividend (7.76%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: SBRA's dividend (7.76%) is in the top 25% of dividend payers in the US market (3.65%)


Stability and Growth of Payments

Stable Dividend: SBRA's dividend payments have been volatile in the past 10 years.

Growing Dividend: SBRA's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (74.3%), SBRA's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SBRA's dividends in 3 years are forecast to be covered by earnings (71.3% payout ratio).


Next Steps

Management

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

8.7yrs

Average management tenure


CEO

Rick Matros (67 yo)

11.33yrs

Tenure

US$5,455,333

Compensation

Mr. Richard K. Matros, also known as Rick, has been President and Chief Executive Officer and Director at Baylor Scott & White Medical Center - Sunnyvale since May 2010 and has been its Chairman of the Boa...


CEO Compensation Analysis

Compensation vs Market: Rick's total compensation ($USD5.46M) is about average for companies of similar size in the US market ($USD5.25M).

Compensation vs Earnings: Rick's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SBRA's management team is seasoned and experienced (8.7 years average tenure).


Board Members

Experienced Board: SBRA's board of directors are considered experienced (4.1 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 7.4%.


Top Shareholders

Company Information

Sabra Health Care REIT, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sabra Health Care REIT, Inc.
  • Ticker: SBRA
  • Exchange: NasdaqGS
  • Founded: 2010
  • Industry: Health Care REITs
  • Sector: Real Estate
  • Market Cap: US$3.414b
  • Shares outstanding: 220.82m
  • Website: https://www.sabrahealth.com

Number of Employees


Location

  • Sabra Health Care REIT, Inc.
  • 18500 Von Karman Avenue
  • Suite 550
  • Irvine
  • California
  • 92612
  • United States

Listings


Biography

As of September 30, 2020, Sabra’s investment portfolio included 425 real estate properties held for investment (consisting of (i) 287 Skilled Nursing/Transitional Care facilities, (ii) 64 Senior Housing co...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/22 00:20
End of Day Share Price2021/09/21 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.