Primary Health Prop PLC
Primary Health Properties PLC ("PHP") is a UK Real Estate Investment Trust ("REIT") and leading investor in modern primary healthcare premises. We invest in flexible, modern properties for local primary healthcare. The overall objective of the group is to create progressive returns to shareholders through a combination of earnings growth and capital appreciation. To achieve this, PHP invests in h… Read more
Primary Health Prop PLC (PHP) - Net Assets
Latest net assets as of December 2024: R1.38 Billion ZAR
Based on the latest financial reports, Primary Health Prop PLC (PHP) has net assets worth R1.38 Billion ZAR as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R2.79 Billion) and total liabilities (R1.42 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R1.38 Billion |
| % of Total Assets | 49.3% |
| Annual Growth Rate | -2.83% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 1.19 |
Primary Health Prop PLC - Net Assets Trend (2021–2024)
This chart illustrates how Primary Health Prop PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Primary Health Prop PLC (2021–2024)
The table below shows the annual net assets of Primary Health Prop PLC from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | R1.38 Billion | -3.36% |
| 2023-12-31 | R1.42 Billion | -3.93% |
| 2022-12-31 | R1.48 Billion | -1.18% |
| 2021-12-31 | R1.50 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Primary Health Prop PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 30.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R318.80 Million | 23.17% |
| Other Components | R1.06 Billion | 76.83% |
| Total Equity | R1.38 Billion | 100.00% |
Primary Health Prop PLC Competitors by Market Cap
The table below lists competitors of Primary Health Prop PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Deere & Company
NYSE:DE
|
$154.81 Billion |
|
Siemens AG Class N
PINK:SMAWF
|
$155.24 Billion |
|
Pfizer Inc
NYSE:PFE
|
$155.81 Billion |
|
Toyota Motor Corp
PINK:TOYOF
|
$156.23 Billion |
|
Softbank Group Corp.
PINK:SFTBF
|
$150.75 Billion |
|
Uber Technologies Inc
NYSE:UBER
|
$150.35 Billion |
|
Analog Devices Inc
NASDAQ:ADI
|
$150.01 Billion |
|
Commonwealth Bank of Australia PK
PINK:CMWAY
|
$149.54 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Primary Health Prop PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,423,900,000 to 1,376,000,000, a change of -47,900,000 (-3.4%).
- Net income of 41,400,000 contributed positively to equity growth.
- Dividend payments of 92,100,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R41.40 Million | +3.01% |
| Dividends Paid | R92.10 Million | -6.69% |
| Other Changes | R2.80 Million | +0.2% |
| Total Change | R- | -3.36% |
Book Value vs Market Value Analysis
This analysis compares Primary Health Prop PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2185.40x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1999.47x to 2185.40x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | R1.13 | R2250.00 | x |
| 2022-12-31 | R1.11 | R2250.00 | x |
| 2023-12-31 | R1.07 | R2250.00 | x |
| 2024-12-31 | R1.03 | R2250.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Primary Health Prop PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 44.14%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 2.03x
- Recent ROE (3.01%) is below the historical average (4.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 9.34% | 62.91% | 0.08x | 1.90x | R-9.89 Million |
| 2022 | 3.80% | 65.77% | 0.03x | 1.93x | R-91.92 Million |
| 2023 | 1.92% | 41.87% | 0.02x | 1.99x | R-115.09 Million |
| 2024 | 3.01% | 44.14% | 0.03x | 2.03x | R-96.20 Million |
Industry Comparison
This section compares Primary Health Prop PLC's net assets metrics with peer companies in the REIT - Healthcare Facilities industry.
No peer company data available for comparison.