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Assura

BATS-CHIXE:AGRl
Snowflake Description

Proven track record with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AGRl
BATS-CHIXE
£2B
Market Cap
  1. Home
  2. GB
  3. Real Estate
Company description

Assura plc, a constituent of the FTSE 250 and the EPRA* indices, is a UK REIT and long-term investor in and developer of primary care property. The last earnings update was 145 days ago. More info.


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AGRl Share Price and Events
7 Day Returns
-3.6%
BATS-CHIXE:AGRl
-4.2%
GB REITs
-2.2%
GB Market
1 Year Returns
39.1%
BATS-CHIXE:AGRl
-24.4%
GB REITs
-25.9%
GB Market
AGRl Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Assura (AGRl) -3.6% 3.6% 4.5% 39.1% 34% 30%
GB REITs -4.2% -26.5% -32.1% -24.4% -23.4% -30%
GB Market -2.2% -21.7% -29.6% -25.9% -26.6% -26.2%
1 Year Return vs Industry and Market
  • AGRl outperformed the REITs industry which returned -24.4% over the past year.
  • AGRl outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -25.9% over the past year.
Price Volatility
AGRl
Industry
5yr Volatility vs Market

Value

 Is Assura undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Assura to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Assura.

BATS-CHIXE:AGRl Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.4%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BATS-CHIXE:AGRl
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6.1%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.45
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.452 (1 + (1- 19%) (39.18%))
0.64
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (0.8 * 6.07%)
5.39%

Discounted Cash Flow Calculation for BATS-CHIXE:AGRl using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

BATS-CHIXE:AGRl Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:AGRl represents 0.99125x of LSE:AGR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99125x
Value per Share
(Listing Adjusted, GBP)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 0.64 x 0.99125
£0.64
Value per share (GBP) From above. £0.64
Current discount Discount to share price of £0.79
= -1 x (£0.79 - £0.64) / £0.64
-24.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Assura is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Assura's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Assura's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:AGRl PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in GBP £0.03
LSE:AGR Share Price ** LSE (2020-04-03) in GBP £0.8
United Kingdom of Great Britain and Northern Ireland REITs Industry PE Ratio Median Figure of 38 Publicly-Listed REITs Companies 12.58x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 12.32x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Assura.

BATS-CHIXE:AGRl PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:AGR Share Price ÷ EPS (both in GBP)

= 0.8 ÷ 0.03

23.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Assura is overvalued based on earnings compared to the GB REITs industry average.
  • Assura is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Assura's expected growth come at a high price?
Raw Data
BATS-CHIXE:AGRl PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 23.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
16%per year
United Kingdom of Great Britain and Northern Ireland REITs Industry PEG Ratio Median Figure of 22 Publicly-Listed REITs Companies 0.67x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 0.97x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:AGRl PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 23.12x ÷ 16%

1.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Assura is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Assura's assets?
Raw Data
BATS-CHIXE:AGRl PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in GBP £0.54
LSE:AGR Share Price * LSE (2020-04-03) in GBP £0.8
United Kingdom of Great Britain and Northern Ireland REITs Industry PB Ratio Median Figure of 54 Publicly-Listed REITs Companies 0.73x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.06x
BATS-CHIXE:AGRl PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:AGR Share Price ÷ Book Value per Share (both in GBP)

= 0.8 ÷ 0.54

1.49x

* Primary Listing of Assura.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Assura is overvalued based on assets compared to the GB REITs industry average.
X
Value checks
We assess Assura's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Assura has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Assura expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Assura expected to grow at an attractive rate?
  • Assura's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Assura's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Assura's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:AGRl Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:AGRl Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 16%
BATS-CHIXE:AGRl Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 5.4%
United Kingdom of Great Britain and Northern Ireland REITs Industry Earnings Growth Rate Market Cap Weighted Average 24.1%
United Kingdom of Great Britain and Northern Ireland REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.4%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BATS-CHIXE:AGRl Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:AGRl Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 124 1
2022-03-31 122 91 144 4
2021-03-31 114 86 123 4
2020-04-05
2020-03-31 107 80 111 4
BATS-CHIXE:AGRl Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-09-30 108 64 83
2019-06-30 105 69 84
2019-03-31 102 73 84
2018-12-31 100 68 60
2018-09-30 96 62 36
2018-06-30 91 56 54
2018-03-31 86 50 72
2017-12-31 81 47 99
2017-09-30 76 44 127
2017-06-30 74 41 111
2017-03-31 71 39 95
2016-12-31 69 34 65

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Assura's earnings are expected to grow by 16% yearly, however this is not considered high growth (20% yearly).
  • Assura's revenue is expected to grow by 5.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BATS-CHIXE:AGRl Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Assura Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:AGRl Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31 0.06 0.08 0.05 3.00
2021-03-31 0.05 0.08 0.04 3.00
2020-04-05
2020-03-31 0.05 0.06 0.05 3.00
BATS-CHIXE:AGRl Past Financials Data
Date (Data in GBP Millions) EPS *
2019-09-30 0.03
2019-06-30 0.03
2019-03-31 0.04
2018-12-31 0.03
2018-09-30 0.02
2018-06-30 0.03
2018-03-31 0.04
2017-12-31 0.05
2017-09-30 0.07
2017-06-30 0.07
2017-03-31 0.06
2016-12-31 0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Assura is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Assura's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Assura has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Assura performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Assura's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Assura's year on year earnings growth rate has been positive over the past 5 years.
  • Assura's 1-year earnings growth exceeds its 5-year average (131.8% vs 16%)
  • Assura's earnings growth has exceeded the GB REITs industry average in the past year (131.8% vs -21.6%).
Earnings and Revenue History
Assura's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Assura Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:AGRl Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 107.70 83.00 9.70
2019-06-30 105.05 83.50 9.35
2019-03-31 102.40 84.00 9.00
2018-12-31 100.00 59.90 8.85
2018-09-30 96.10 35.80 8.70
2018-06-30 91.10 53.80 8.45
2018-03-31 86.10 71.80 8.20
2017-12-31 81.10 99.40 7.85
2017-09-30 76.10 127.00 7.50
2017-06-30 73.60 111.15 7.30
2017-03-31 71.10 95.30 7.10
2016-12-31 68.55 64.85 6.95
2016-09-30 66.00 34.40 6.80
2016-06-30 63.50 31.15 7.40
2016-03-31 61.00 27.90 8.00
2015-12-31 58.95 42.00 7.90
2015-09-30 56.90 56.10 7.80
2015-06-30 54.00 46.65 7.10
2015-03-31 51.10 37.20 6.40
2014-09-30 44.50 28.30 6.10
2014-06-30 42.20 26.05 5.90
2014-03-31 39.90 23.80 5.70
2013-09-30 37.80 19.10 6.00
2013-06-30 37.45 15.90 5.75

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Assura has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Assura used its assets more efficiently than the GB REITs industry average last year based on Return on Assets.
  • Assura's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Assura's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Assura has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Assura's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Assura's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Assura's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Assura's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Assura's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Assura Company Filings, last reported 6 months ago.

BATS-CHIXE:AGRl Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 1,287.90 750.90 26.30
2019-06-30 1,287.90 750.90 26.30
2019-03-31 1,279.90 683.30 16.50
2018-12-31 1,279.90 683.30 16.50
2018-09-30 1,261.80 652.70 96.10
2018-06-30 1,261.80 652.70 96.10
2018-03-31 1,250.40 486.30 26.70
2017-12-31 1,250.40 486.30 26.70
2017-09-30 971.20 588.00 21.90
2017-06-30 971.20 588.00 21.90
2017-03-31 818.00 520.10 23.30
2016-12-31 818.00 520.10 23.30
2016-09-30 780.50 447.10 27.70
2016-06-30 780.50 447.10 27.70
2016-03-31 754.30 369.20 43.70
2015-12-31 754.30 369.20 43.70
2015-09-30 476.70 543.50 24.40
2015-06-30 476.70 543.50 24.40
2015-03-31 451.90 513.50 65.30
2014-09-30 257.00 536.80 13.50
2014-06-30 257.00 536.80 13.50
2014-03-31 226.60 452.10 27.60
2013-09-30 207.70 451.80 7.50
2013-06-30 207.70 451.80 7.50
  • Assura's level of debt (58.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (208% vs 58.3% today).
  • Debt is not well covered by operating cash flow (8.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.6x coverage).
X
Financial health checks
We assess Assura's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Assura has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Assura's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.49%
Current annual income from Assura dividends. Estimated to be 3.72% next year.
If you bought £2,000 of Assura shares you are expected to receive £70 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Assura's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.66%).
  • Assura's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (7.42%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BATS-CHIXE:AGRl Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland REITs Industry Average Dividend Yield Market Cap Weighted Average of 48 Stocks 5.4%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 595 Stocks 5.7%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.7%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 7.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BATS-CHIXE:AGRl Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-03-31 0.03 1.00
2022-03-31 0.03 7.00
2021-03-31 0.03 7.00
2020-04-05
2020-03-31 0.03 7.00
BATS-CHIXE:AGRl Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2020-03-05 0.028 3.720
2019-09-05 0.027 3.646
2019-06-06 0.027 4.178
2019-03-07 0.027 4.644
2018-12-06 0.027 4.892
2018-11-22 0.027 5.049
2018-09-06 0.026 4.733
2018-06-07 0.026 4.614
2018-03-08 0.026 4.454
2017-11-17 0.026 4.351
2017-11-16 0.026 4.545
2017-09-07 0.024 3.877
2017-06-08 0.024 3.765
2017-03-09 0.024 3.999
2016-12-08 0.024 4.268
2016-11-22 0.024 4.122
2016-09-08 0.022 3.756
2016-06-16 0.022 3.854
2016-03-10 0.022 3.971
2015-12-09 0.022 4.057
2015-11-19 0.022 3.973
2015-10-13 0.020 3.596
2015-06-18 0.020 3.617
2015-05-21 0.020 3.398
2014-11-27 0.020 3.641
2014-11-25 0.020 4.089
2014-10-15 0.018 3.727
2014-06-10 0.018 4.019
2014-04-02 0.018 4.154
2013-12-20 0.018 4.471
2013-11-26 0.018 4.703
2013-10-03 0.012 3.341
2013-06-17 0.012 3.453
2013-01-31 0.012 3.432
2012-12-24 0.011 3.379
2012-11-28 0.011 3.329
2012-08-07 0.011 3.442
2012-06-26 0.011 3.778
2011-11-23 0.000 0.000
2011-10-17 0.000 0.000
2011-06-21 0.025 5.895
2010-11-23 0.020 4.416
2009-11-26 0.000 0.000
2009-06-30 0.000 0.000
2009-06-29 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Assura has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Assura only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Assura's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1x coverage).
X
Income/ dividend checks
We assess Assura's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Assura afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Assura has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Assura's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jonathan Murphy
COMPENSATION £760,000
AGE 47
TENURE AS CEO 3.5 years
CEO Bio

Mr. Jonathan Stewart Murphy, ACA, MBA has been the Chief Executive Officer of Assura Plc since February 27, 2017. Mr. Murphy serves as Company Secretary of Regenesis Group PLC. He has significant experience in real estate, capital markets and investment. He has an extensive experience of property management at Brooks Macdonald Group plc, where he served as its Finance Director of the fund management business and Managing Director for the property management business. He served as Interim Chief Executive Officer at Assura Plc from October 3, 2016 to February 27, 2017 and also its Finance Director from January 2, 2013 to February 27, 2017. Mr. Murphy served as a Company Secretary at Assura Plc until October 12, 2016. Mr. Murphy served as Finance Director and Company Secretary of Braemar Group Limited/Braemar Group plc. He joined Braemar in February 2006 and Assura in January 2013. His earlier career included commercial and strategic roles at Spirit Group and Vodafone. He served as a Strategy Manager of Spirit Pub Company plc (Spirit Group). He has been an Executive Director of Assura Plc since January 2, 2013 and serves as its Member of Executive Board. He served as an Executive Director of Braemar Group Limited since June 13, 2006. He served as a Director of Ground Rents Income Fund PLC from May 19, 2012 to November 7, 2012. He is qualified as a Chartered Accountant with PricewaterhouseCoopers in 1996, holding management roles in both the UK and Asia. He led teams in Bangkok in 1999 and provided strategic advice to stakeholders on restructuring of under-performing companies. He has an MBA from IESE, the European Business School in Barcelona.

CEO Compensation
  • Jonathan's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jonathan's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the Assura management team in years:

1.4
Average Tenure
  • The average tenure for the Assura management team is less than 2 years, this suggests a new team.
Management Team

Jonathan Murphy

TITLE
CEO, Member of Executive Board & Executive Director
COMPENSATION
£760K
AGE
47
TENURE
3.5 yrs

Jayne Marie Cottam

TITLE
CFO, Member of Executive Board & Executive Director
COMPENSATION
£344K
AGE
45
TENURE
2.6 yrs

Orla Ball

TITLE
Head of Legal

Patrick Lowther

TITLE
Head of Investment & Member of Executive Board

Simon Gould

TITLE
Head of Development & Member of Executive Board

Belinda Lewis

TITLE
Head of HR & Member of Executive Board
TENURE
1.4 yrs

Simon Oborn

TITLE
Head of Portfolio Management & Member of Executive Board
TENURE
0.7 yrs

Joanne Cullen

TITLE
Senior Management Accountant
TENURE
0.1 yrs

Debbie Chalcraft

TITLE
Group Compliance Manager
TENURE
0.3 yrs

Carolyn Jones

TITLE
Head of Investor Relations & Communications
TENURE
7.3 yrs
Board of Directors Tenure

Average tenure and age of the Assura board of directors in years:

2.2
Average Tenure
57
Average Age
  • The average tenure for the Assura board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ed Smith

TITLE
Independent Non-Executive Chairman
COMPENSATION
£120K
AGE
65
TENURE
1.8 yrs

Jonathan Murphy

TITLE
CEO, Member of Executive Board & Executive Director
COMPENSATION
£760K
AGE
47
TENURE
7.3 yrs

Jayne Marie Cottam

TITLE
CFO, Member of Executive Board & Executive Director
COMPENSATION
£344K
AGE
45
TENURE
2.6 yrs

Jenefer Greenwood

TITLE
Non-Executive Director
COMPENSATION
£47K
AGE
61
TENURE
7.9 yrs

Jonathan Davies

TITLE
Senior Independent Director
COMPENSATION
£32K
AGE
57
TENURE
0.8 yrs

Louise Fowler

TITLE
Non-Executive Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Assura individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
17. Jan 20 Buy Jayne Marie Cottam Individual 15. Jan 20 15. Jan 20 835 £0.77 £643
17. Jan 20 Buy John Edward Smith Individual 15. Jan 20 15. Jan 20 834 £0.77 £642
19. Dec 19 Sell Jonathan Murphy Individual 17. Dec 19 17. Dec 19 -350,000 £0.78 £-272,300
09. Sep 19 Sell Orla Ball Individual 09. Sep 19 09. Sep 19 -9,733 £0.71 £-6,944
04. Jun 19 Buy Jayne Marie Cottam Individual 03. Jun 19 04. Jun 19 47,200 £0.64 £30,092
X
Management checks
We assess Assura's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Assura has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Assura plc, a constituent of the FTSE 250 and the EPRA* indices, is a UK REIT and long-term investor in and developer of primary care property. The company, headquartered in Warrington, works with GPs, health professionals and the NHS to create outstanding spaces for health services in our communities. At 30 September 2019, Assura's property portfolio was valued at £2,039 million.

Details
Name: Assura Plc
AGRl
Exchange: BATS-CHIXE
Founded:
£1,930,593,461
2,413,241,827
Website: http://www.assuraplc.com
Address: Assura Plc
The Brew House,
Greenalls Avenue,
Warrington,
East Lothian, WA4 6HL,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE AGR New Ordinary Shares London Stock Exchange GB GBP 21. Nov 2003
OTCPK ARSS.F New Ordinary Shares Pink Sheets LLC US USD 21. Nov 2003
DB 75A New Ordinary Shares Deutsche Boerse AG DE EUR 21. Nov 2003
BATS-CHIXE AGRl New Ordinary Shares BATS 'Chi-X Europe' GB GBP 21. Nov 2003
Number of employees
Current staff
Staff numbers
62
Assura employees.
Industry
Health Care REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 00:40
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/02
Last earnings filing: 2019/11/12
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.