ESTIA HEALTH LIMITED (EHE)
Share Price Analysis and Chart

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EHE - ESTIA HEALTH LIMITED

FNArena Sector : Aged Care & Seniors
Year End: June
GICS Industry Group : Health Care Equipment & Services
Debt/EBITDA: 1.08
Index: ASX300 | ALL-ORDS

Estia Health is an Australian provider of aged care homes and respite care. It operates over 65 facilities across Australia. Founded in 2005, it was floated on the ASX in 2014.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.04

27 Sep
2023

-0.010

OPEN

$3.04

-0.33%

HIGH

$3.05

491,983

LOW

$3.03

TARGET
$3.08 1.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
EGH . INA . LIC . OCA . REG .
FNARENA'S MARKET CONSENSUS FORECASTS
EHE: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx - 13.1 14.8 xxx
DPS (cps) xxx 15.7 12.1 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx 100.0% - 22.9% xxx
PE Ratio xxx N/A 20.5 xxx
Dividend Yield xxx N/A 4.0% xxx
Div Pay Ratio(%) xxx N/A 81.8% xxx

Dividend yield today if purchased 3 years ago: 10.54%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.16

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 25/08 - ex-div 12c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-13.1
DPS All xxxxxxxxxxxxxxx15.7
Sales/Revenue xxxxxxxxxxxxxxx754.3 M
Book Value Per Share xxxxxxxxxxxxxxx193.7
Net Operating Cash Flow xxxxxxxxxxxxxxx187.5 M
Net Profit Margin xxxxxxxxxxxxxxx-4.49 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-6.50 %
Return on Invested Capital xxxxxxxxxxxxxxx-5.11 %
Return on Assets xxxxxxxxxxxxxxx-1.81 %
Return on Equity xxxxxxxxxxxxxxx-6.50 %
Return on Total Capital xxxxxxxxxxxxxxx-0.74 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx116.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx4 M
Long Term Debt xxxxxxxxxxxxxxx127 M
Total Debt xxxxxxxxxxxxxxx131 M
Goodwill - Gross xxxxxxxxxxxxxxx854 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx26 M
Price To Book Value xxxxxxxxxxxxxxx1.53

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx62.0 M
Capex % of Sales xxxxxxxxxxxxxxx8.22 %
Cost of Goods Sold xxxxxxxxxxxxxxx700 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx59 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

23/08/2023

3

Downgrade to Neutral from Outperform

$3.08

1.32%

Estia Health's underlying earnings fell -6% short of Macquarie but the result showed half on half earnings improvement, with increased
occupancy and higher government revenue more than offsetting wage costs and inflation.

Occupancy continues to improve and refundable accommodation deposit (RAD) flows are solid.

Estia expects a broadly neutral outcome for the sector in FY24 from the combined effect of increased government funding, the 15% increase in the Aged Care Award, mandated minimum care minutes, and general wage increases and inflation.

Target falls to $3.08 in line with the private equity takeover bid of $3.20 minus the dividend. Downgrade to Neutral from Outperform.

FORECAST
Macquarie forecasts a full year FY24 dividend of 12.10 cents and EPS of 14.80 cents.
Macquarie forecasts a full year FY25 dividend of 14.00 cents and EPS of 17.60 cents.
Access Stockbroker Research History >

EHE STOCK CHART

FNArena News on EHE

1
Weekly Ratings, Targets, Forecast Changes – 25-08-23

Aug 28 2023 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Aug 24, 2023

Aug 24 2023 - Daily Market Reports
3
FNArena Corporate Results Monitor – 23-08-2023

Aug 23 2023 - Australia
4
Australian Broker Call *Extra* Edition – Jun 14, 2023

Jun 14 2023 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Mar 29, 2023

Mar 29 2023 - Daily Market Reports

Latest Aged Care & Seniors News

1
Lifestyle Communities Enjoying Strong Demand

Feb 21 2022 - Small Caps
2
Aged Care Sector: Poised

Mar 16 2021 - Australia
3
Pressure Grows On Estia Health

Dec 10 2019 - Australia
4
Aveo Group Now A Binary Proposition

Jun 26 2019 - Australia
5
Aged Care Moves Into The RC Spotlight

Sep 20 2018 - Australia
6
Regis Healthcare In Strong Shape For FY19

Sep 04 2018 - Australia
7
Gateway Pays Up For Expansion

Mar 20 2018 - Small Caps
8
Challenging FY18 For Japara Healthcare

Dec 20 2017 - Small Caps
9
Estia Health Beset By Uncertainty

Dec 13 2016 - Australia
10
More Certainty Welcomed For Aged Care

Dec 07 2016 - Australia