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MPW

Medical Properties TrustNYSE:MPW Stock Report

Market Cap

US$12.2b

7D

1.2%

1Y

16.2%

Updated

27 Sep, 2021

Data

Company Financials +
MPW fundamental analysis
Snowflake Score
Valuation4/6
Future Growth3/6
Past Performance4/6
Financial Health2/6
Dividends6/6

MPW Overview

Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities.

Medical Properties Trust Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Medical Properties Trust
Historical stock prices
Current Share PriceUS$20.45
52 Week HighUS$17.13
52 Week LowUS$22.82
Beta0.53
1 Month Change1.84%
3 Month Change1.14%
1 Year Change16.19%
3 Year Change39.02%
5 Year Change40.36%
Change since IPO85.91%

Recent News & Updates

Shareholder Returns

MPWUS REITsUS Market
7D1.2%-1.8%2.0%
1Y16.2%29.8%32.8%

Return vs Industry: MPW underperformed the US REITs industry which returned 29.8% over the past year.

Return vs Market: MPW underperformed the US Market which returned 32.8% over the past year.

Price Volatility

Is MPW's price volatile compared to industry and market?
MPW volatility
MPW Beta0.53
Industry Beta0.84
Market Beta1

Stable Share Price: MPW is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: MPW's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003106Ed Aldaghttps://www.medicalpropertiestrust.com

Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world’s largest owners of hospitals with 431 facilities and roughly 43,000 licensed beds in nine countries and across four continents on a pro forma basis. MPT’s financing model facilitates acquisitions and recapitalizations and allows operators of hospitals to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations.

Medical Properties Trust Fundamentals Summary

How do Medical Properties Trust's earnings and revenue compare to its market cap?
MPW fundamental statistics
Market CapUS$12.18b
Earnings (TTM)US$517.42m
Revenue (TTM)US$1.43b

23.5x

P/E Ratio

8.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MPW income statement (TTM)
RevenueUS$1.43b
Cost of RevenueUS$35.75m
Gross ProfitUS$1.40b
ExpensesUS$880.14m
EarningsUS$517.42m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.87
Gross Margin97.51%
Net Profit Margin36.10%
Debt/Equity Ratio122.3%

How did MPW perform over the long term?

See historical performance and comparison

Dividends

5.5%

Current Dividend Yield

70%

Payout Ratio

Valuation

Is Medical Properties Trust 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: MPW ($20.45) is trading below our estimate of fair value ($51.53)

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


Price To Earnings Ratio

PE vs Industry: MPW is good value based on its PE Ratio (23.5x) compared to the US REITs industry average (49.9x).

PE vs Market: MPW is poor value based on its PE Ratio (23.5x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: MPW is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: MPW is good value based on its PB Ratio (1.5x) compared to the US REITs industry average (2x).


Future Growth

How is Medical Properties Trust forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

15.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MPW's forecast earnings growth (15.8% per year) is above the savings rate (2%).

Earnings vs Market: MPW's earnings (15.8% per year) are forecast to grow faster than the US market (15% per year).

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

Revenue vs Market: MPW's revenue (12.1% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: MPW's revenue (12.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MPW's Return on Equity is forecast to be low in 3 years time (8.4%).


Past Performance

How has Medical Properties Trust performed over the past 5 years?

13.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MPW has high quality earnings.

Growing Profit Margin: MPW's current net profit margins (36.1%) are lower than last year (37.6%).


Past Earnings Growth Analysis

Earnings Trend: MPW's earnings have grown by 13.4% per year over the past 5 years.

Accelerating Growth: MPW's earnings growth over the past year (27%) exceeds its 5-year average (13.4% per year).

Earnings vs Industry: MPW earnings growth over the past year (27%) exceeded the REITs industry 3.9%.


Return on Equity

High ROE: MPW's Return on Equity (6.3%) is considered low.


Financial Health

How is Medical Properties Trust's financial position?


Financial Position Analysis

Short Term Liabilities: MPW's short term assets ($4.9B) exceed its short term liabilities ($652.7M).

Long Term Liabilities: MPW's short term assets ($4.9B) do not cover its long term liabilities ($10.2B).


Debt to Equity History and Analysis

Debt Level: MPW's debt to equity ratio (122.3%) is considered high.

Reducing Debt: MPW's debt to equity ratio has reduced from 126.7% to 122.3% over the past 5 years.

Debt Coverage: MPW's debt is not well covered by operating cash flow (6.9%).

Interest Coverage: MPW's interest payments on its debt are not well covered by EBIT (2.8x coverage).


Balance Sheet


Dividend

What is Medical Properties Trust current dividend yield, its reliability and sustainability?

5.48%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MPW's dividend (5.48%) is higher than the bottom 25% of dividend payers in the US market (1.3%).

High Dividend: MPW's dividend (5.48%) is in the top 25% of dividend payers in the US market (3.57%)


Stability and Growth of Payments

Stable Dividend: MPW's dividends per share have been stable in the past 10 years.

Growing Dividend: MPW's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (69.6%), MPW's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MPW's dividends in 3 years are forecast to be covered by earnings (64.1% payout ratio).


Next Steps

Management

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

5.7yrs

Average management tenure


CEO

Ed Aldag (57 yo)

18.08yrs

Tenure

US$16,857,637

Compensation

Mr. Edward K. Aldag, Jr., also known as Ed, is a Founder of Medical Properties Trust, Inc. and has been its President and Chief Executive Officer since August 2003. He serves as Director of Infracore SA si...


CEO Compensation Analysis

Compensation vs Market: Ed's total compensation ($USD16.86M) is above average for companies of similar size in the US market ($USD11.29M).

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


Leadership Team

Experienced Management: MPW's management team is seasoned and experienced (5.7 years average tenure).


Board Members

Experienced Board: MPW's board of directors are considered experienced (6.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MPW insiders have only sold shares 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 12.6%.


Top Shareholders

Company Information

Medical Properties Trust, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Medical Properties Trust, Inc.
  • Ticker: MPW
  • Exchange: NYSE
  • Founded: 2003
  • Industry: Health Care REITs
  • Sector: Real Estate
  • Implied Market Cap: US$12.181b
  • Market Cap: US$12.181b
  • Shares outstanding: 595.63m
  • Website: https://www.medicalpropertiestrust.com

Number of Employees


Location

  • Medical Properties Trust, Inc.
  • 1000 Urban Center Drive
  • Suite 501
  • Birmingham
  • Alabama
  • 35242
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/27 23:02
End of Day Share Price2021/09/27 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.