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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Pb Multiple | 2.9x - 3.2x | 3.1x |
Historical Pb Multiple | 2.8x - 5.4x | 2.8x |
Fair Value | $36.02 - $39.81 | $37.92 |
Upside | -7.5% - 2.2% | -2.7% |
Benchmarks | - | Full Ticker |
Healthcare Realty Trust Incorporated | - | NYSE:HR |
Welltower Inc. | - | NYSE:WELL |
Ventas, Inc. | - | NYSE:VTR |
Healthpeak Properties, Inc. | - | NYSE:DOC |
Sabra Health Care REIT, Inc. | - | NasdaqGS:SBRA |
Universal Health Realty Income Trust | - | NYSE:UHT |
Select Price / Book Ratio | ||||||||
Benchmark Companies | ||||||||
HR | WELL | VTR | DOC | SBRA | UHT | |||
NYSE:HR | NYSE:WELL | NYSE:VTR | NYSE:DOC | NasdaqGS:SBRA | NYSE:UHT | |||
Historical Net Income Growth | ||||||||
5Y CAGR | NM- | -5.0% | -28.5% | 8.7% | 12.9% | 0.3% | ||
3Y CAGR | NM- | 41.5% | 18.3% | 27.6% | NM- | -43.9% | ||
Latest Twelve Months | 22.0% | 145.1% | 295.5% | 44.1% | 184.4% | 15.2% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | -6.3% | 10.7% | 2.1% | 21.2% | 1.1% | 41.8% | ||
Prior Fiscal Year | -21.0% | 5.2% | -0.9% | 14.0% | 2.1% | 15.9% | ||
Latest Fiscal Year | -52.1% | 11.9% | 1.7% | 9.0% | 18.0% | 19.2% | ||
Latest Twelve Months | -31.8% | 12.7% | 2.8% | 9.9% | 19.5% | 18.8% | ||
Return on Equity | ||||||||
5 Year Average Margin | -1.0% | 2.9% | 0.7% | 3.9% | 0.6% | 19.2% | ||
Prior Fiscal Year | -3.9% | 1.5% | -0.4% | 4.7% | 0.5% | 7.2% | ||
Latest Twelve Months | -6.9% | 3.5% | 1.4% | 3.3% | 5.1% | 10.2% | ||
Next Fiscal Year | -3.0% | 3.8% | 2.6% | 2.1% | 6.4% | 11.1% | ||
Two Fiscal Years Forward | -2.8% | 5.1% | 3.8% | 2.6% | 7.5% | 12.9% | ||
Current Trading Multiples | ||||||||
Price / LTM Sales | 4.4x | 11.3x | 5.9x | 4.4x | 5.9x | 5.4x | ||
Price / LTM EPS | -13.7x | 89.6x | 207.8x | 43.4x | 30.2x | 28.9x | ||
Price / Book | 1.1x | 2.9x | 2.6x | 1.5x | 1.6x | 3.1x | ||
Price / Fwd Book | 1.3x | 3.1x | 2.9x | 1.6x | 1.6x | 3.4x | ||
Low | Mid | High | ||||||
Benchmark P/B Ratio | 1.1x | 1.6x | 2.9x | |||||
Historical P/B Ratio | 2.8x | 2.8x | 5.4x | |||||
Selected P/B Multiple | 2.9x | 3.1x | 3.2x | |||||
(x) Book Value | 172 | 172 | 172 |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | HR | WELL | VTR | DOC | SBRA | UHT | |
Value of Common Equity | 5,394 | 97,556 | 29,773 | 12,137 | 4,328 | 540 | |
(/) Shares Outstanding | 351.4 | 654.0 | 451.0 | 694.7 | 237.9 | 13.9 | |
Implied Stock Price | 15.35 | 149.18 | 66.01 | 17.47 | 18.19 | 38.95 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 15.35 | 149.18 | 66.01 | 17.47 | 18.19 | 38.95 | |
Trading Currency | USD | USD | USD | USD | USD | USD | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |