UNIVERSAL HEALTH RLTY INCOME (UHT) Stock Fundamental Analysis
NYSE:UHT - New York Stock Exchange, Inc. - US91359E1055 - REIT - Currency: USD
UHT gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 130 industry peers in the Diversified REITs industry. UHT scores excellent on profitability, but there are concerns on its financial health. UHT has a correct valuation and a medium growth rate. UHT also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
UHT had positive earnings in the past year.
In the past year UHT had a positive cash flow from operations.
In the past 5 years UHT has always been profitable.
In the past 5 years UHT always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.26%, UHT belongs to the top of the industry, outperforming 81.54% of the companies in the same industry.
UHT has a better Return On Equity (10.87%) than 90.00% of its industry peers.
UHT has a better Return On Invested Capital (5.21%) than 93.08% of its industry peers.
UHT had an Average Return On Invested Capital over the past 3 years of 4.57%. This is in line with the industry average of 3.15%.
The 3 year average ROIC (4.57%) for UHT is below the current ROIC(5.21%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.26% | ||
| ROE | 10.87% | ||
| ROIC | 5.21% |
ROA(3y)3.12%
ROA(5y)6.31%
ROE(3y)9.2%
ROE(5y)17.24%
ROIC(3y)4.57%
ROIC(5y)4.42%
1.3 Margins
UHT's Profit Margin of 19.01% is fine compared to the rest of the industry. UHT outperforms 74.62% of its industry peers.
In the last couple of years the Profit Margin of UHT has declined.
UHT has a better Operating Margin (36.97%) than 82.31% of its industry peers.
In the last couple of years the Operating Margin of UHT has grown nicely.
UHT has a Gross Margin of 70.45%. This is in the better half of the industry: UHT outperforms 63.08% of its industry peers.
In the last couple of years the Gross Margin of UHT has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 36.97% | ||
| PM (TTM) | 19.01% | ||
| GM | 70.45% |
OM growth 3Y2.67%
OM growth 5Y2.18%
PM growth 3Y-46.89%
PM growth 5Y-4.59%
GM growth 3Y-0.77%
GM growth 5Y-0.44%
2. Health
2.1 Basic Checks
UHT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, UHT has about the same amount of shares outstanding.
Compared to 5 years ago, UHT has more shares outstanding
UHT has a worse debt/assets ratio than last year.
2.2 Solvency
UHT has an Altman-Z score of 0.94. This is a bad value and indicates that UHT is not financially healthy and even has some risk of bankruptcy.
UHT has a Altman-Z score of 0.94. This is in the better half of the industry: UHT outperforms 72.31% of its industry peers.
UHT has a debt to FCF ratio of 9.34. This is a negative value and a sign of low solvency as UHT would need 9.34 years to pay back of all of its debts.
UHT has a Debt to FCF ratio of 9.34. This is amongst the best in the industry. UHT outperforms 93.08% of its industry peers.
UHT has a Debt/Equity ratio of 2.14. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 2.14, UHT is doing worse than 76.15% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.14 | ||
| Debt/FCF | 9.34 | ||
| Altman-Z | 0.94 |
ROIC/WACC0.74
WACC6.99%
2.3 Liquidity
UHT has a Current Ratio of 1.03. This is a normal value and indicates that UHT is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of UHT (1.03) is comparable to the rest of the industry.
A Quick Ratio of 1.03 indicates that UHT should not have too much problems paying its short term obligations.
UHT has a Quick ratio of 1.03. This is comparable to the rest of the industry: UHT outperforms 56.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 1.03 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 15.00% over the past year.
The Earnings Per Share has been growing slightly by 0.14% on average over the past years.
Looking at the last year, UHT shows a small growth in Revenue. The Revenue has grown by 0.95% in the last year.
Measured over the past years, UHT shows a small growth in Revenue. The Revenue has been growing by 5.11% on average per year.
EPS 1Y (TTM)15%
EPS 3Y-44.02%
EPS 5Y0.14%
EPS Q2Q%-10.04%
Revenue 1Y (TTM)0.95%
Revenue growth 3Y5.55%
Revenue growth 5Y5.11%
Sales Q2Q%-2.35%
3.2 Future
Based on estimates for the next years, UHT will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.77% on average per year.
UHT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.92% yearly.
EPS Next Y14.82%
EPS Next 2Y12.13%
EPS Next 3Y9.77%
EPS Next 5YN/A
Revenue Next Year5.21%
Revenue Next 2Y4.59%
Revenue Next 3Y3.92%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 29.16, which means the current valuation is very expensive for UHT.
Based on the Price/Earnings ratio, UHT is valued a bit cheaper than the industry average as 64.62% of the companies are valued more expensively.
UHT is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.03, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 22.53, which indicates a rather expensive current valuation of UHT.
86.15% of the companies in the same industry are more expensive than UHT, based on the Price/Forward Earnings ratio.
UHT is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 36.28, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.16 | ||
| Fwd PE | 22.53 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as UHT.
Based on the Price/Free Cash Flow ratio, UHT is valued cheaply inside the industry as 86.15% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.84 | ||
| EV/EBITDA | 14.18 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
UHT has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.97
PEG (5Y)205.86
EPS Next 2Y12.13%
EPS Next 3Y9.77%
5. Dividend
5.1 Amount
UHT has a Yearly Dividend Yield of 7.67%, which is a nice return.
Compared to an average industry Dividend Yield of 6.57, UHT pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, UHT pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.67% |
5.2 History
The dividend of UHT has a limited annual growth rate of 1.42%.
UHT has paid a dividend for at least 10 years, which is a reliable track record.
UHT has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1.42%
Div Incr Years10
Div Non Decr Years10
5.3 Sustainability
UHT pays out 216.69% of its income as dividend. This is not a sustainable payout ratio.
UHT's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP216.69%
EPS Next 2Y12.13%
EPS Next 3Y9.77%
39.36
+0.14 (+0.36%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryDiversified REITs
Earnings (Last)
Earnings (Next)
Inst Owners65%
Inst Owner Change-0.17%
Ins Owners2.39%
Ins Owner Change5.39%
Market Cap545.92M
Analysts80
Price Target47.94 (21.8%)
Short Float %1.93%
Short Ratio4.14
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.67% |
Yearly Dividend2.92
Dividend Growth(5Y)1.42%
DP216.69%
Div Incr Years10
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.16 | ||
| Fwd PE | 22.53 | ||
| P/S | 5.55 | ||
| P/FCF | 13.84 | ||
| P/OCF | 11.67 | ||
| P/B | 3.17 | ||
| P/tB | 3.3 | ||
| EV/EBITDA | 14.18 |
EPS(TTM)1.35
EY3.43%
EPS(NY)1.75
Fwd EY4.44%
FCF(TTM)2.84
FCFY7.22%
OCF(TTM)3.37
OCFY8.57%
SpS7.1
BVpS12.41
TBVpS11.92
PEG (NY)1.97
PEG (5Y)205.86
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.26% | ||
| ROE | 10.87% | ||
| ROCE | 6.59% | ||
| ROIC | 5.21% | ||
| ROICexc | 5.27% | ||
| ROICexgc | 5.34% | ||
| OM | 36.97% | ||
| PM (TTM) | 19.01% | ||
| GM | 70.45% | ||
| FCFM | 40.07% |
ROA(3y)3.12%
ROA(5y)6.31%
ROE(3y)9.2%
ROE(5y)17.24%
ROIC(3y)4.57%
ROIC(5y)4.42%
ROICexc(3y)4.63%
ROICexc(5y)4.5%
ROICexgc(3y)4.7%
ROICexgc(5y)4.58%
ROCE(3y)5.78%
ROCE(5y)5.6%
ROICexcg growth 3Y8.21%
ROICexcg growth 5Y3.2%
ROICexc growth 3Y8.39%
ROICexc growth 5Y3.59%
OM growth 3Y2.67%
OM growth 5Y2.18%
PM growth 3Y-46.89%
PM growth 5Y-4.59%
GM growth 3Y-0.77%
GM growth 5Y-0.44%
F-Score8
Asset Turnover0.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.14 | ||
| Debt/FCF | 9.34 | ||
| Debt/EBITDA | 5.77 | ||
| Cap/Depr | 26.75% | ||
| Cap/Sales | 7.46% | ||
| Interest Coverage | 1.95 | ||
| Cash Conversion | 73.28% | ||
| Profit Quality | 210.78% | ||
| Current Ratio | 1.03 | ||
| Quick Ratio | 1.03 | ||
| Altman-Z | 0.94 |
F-Score8
WACC6.99%
ROIC/WACC0.74
Cap/Depr(3y)85.92%
Cap/Depr(5y)97.22%
Cap/Sales(3y)24.92%
Cap/Sales(5y)29.89%
Profit Quality(3y)123.07%
Profit Quality(5y)91.17%
High Growth Momentum
Growth
EPS 1Y (TTM)15%
EPS 3Y-44.02%
EPS 5Y0.14%
EPS Q2Q%-10.04%
EPS Next Y14.82%
EPS Next 2Y12.13%
EPS Next 3Y9.77%
EPS Next 5YN/A
Revenue 1Y (TTM)0.95%
Revenue growth 3Y5.55%
Revenue growth 5Y5.11%
Sales Q2Q%-2.35%
Revenue Next Year5.21%
Revenue Next 2Y4.59%
Revenue Next 3Y3.92%
Revenue Next 5YN/A
EBIT growth 1Y10.08%
EBIT growth 3Y8.37%
EBIT growth 5Y7.41%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y86.09%
FCF growth 3Y28.64%
FCF growth 5Y8.45%
OCF growth 1Y3.58%
OCF growth 3Y-0.57%
OCF growth 5Y1.92%