Spire Healthcare Group

SPI: 190.00 +82.60 (+76.91%) delayed: 23 Oct 2018, 18:28

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Spire Healthcare Group Fundamentals

Share Price Information

Name Spire Healthcare Group
Epic SPI
Sector Health Care Equipment & Services
ISIN GB00BNLPYF73
Activites Spire Healthcare Group plc is a leading independent hospital group in the United Kingdom, with 39 private hospitals, 10 clinics and two Specialist Cancer Care Centres across England, Wales and Scotland. Spire delivered tailored, personalised care to approximately 139,000 in-patients and daycase patients in the six months ended 30 June 2017, and is the leading private provider, by volume, of knee and hip operations in the United Kingdom. Spire is uniquely positioned to capture a growing share of the rapidly expanding private healthcare market. The Group's well positioned and scalable hospitals have earned reputations as centres of excellence, delivering successful and award winning clinical outcomes, positioning the Group well with patients, consultants, the NHS, GPs and Private Medical Insurance (PMI) providers. Spire treats patients through a variety of routes including PMI, Self-pay and the NHS, providing the Group with diversified access to the expected growth opportunities in the UK healthcare market, which faces significant supply challenges as a result of NHS budget constraints and increasing demand from a growing population with longer life expectancy.
Index FTSE 250

Key numbers

Latest Share price (p) 190.00 Net gearing (%) 37.89
Market capitalisation (£m) 430.76 Gross gearing (%) 40.15
Shares in issue (m) 401.08 Debt ratio 35.47
P/E ratio 25.57 Debt-to-equity ratio 0.82
Total dividends per share (p) 3.80 Assets / equity ratio 1.67
Dividend yield (%) 0.00 Price to book value 0.42
Dividend cover 1.11 ROCE (%) 1.41
Earning per share (p) 4.20 EPS growth (%) -68.66
52-week high / low (p) 307.00 / 106.20 DPS growth (%) 0.00

Results at a glance

Date Type Turnover (£m) Profit (£m) Basic EPS Currency
31 Dec 2017 Full Year 932 17 4.20 GBP
31 Dec 2016 Full Year 926 54 13.40 GBP
31 Dec 2015 Full Year 885 60 15.00 GBP

Dividend history

Period Ex-date Pay-date Net dividend Currency Total for year
H1 Dividend 15 Nov 2018 11 Dec 2018 1.30 GBX 0.00
H2 Dividend 31 May 2018 26 Jun 2018 2.50 GBX 3.80
H1 Dividend 16 Nov 2017 12 Dec 2017 1.30 GBX 0.00
H2 Dividend 01 Jun 2017 27 Jun 2017 2.50 GBX 3.80
H1 Dividend 17 Nov 2016 13 Dec 2016 1.30 GBX 0.00
H2 Dividend 02 Jun 2016 28 Jun 2016 2.40 GBX 3.70
H1 Dividend 19 Nov 2015 15 Dec 2015 1.30 GBX 0.00
H2 Dividend 04 Jun 2015 30 Jun 2015 1.80 GBX 1.80

Contact details

Company name Spire Healthcare
Address 3 Dorset Rise, London EC4Y 8EN.
Telephone +44 (0)20 7427 9160
Website http://www.spirehealthcare.com/

Advisors

Company's broker JPMorgan Cazenove
Company's joint broker Morgan Stanley Securities
NOMAD n/a
Registrar Equiniti
Auditors Ernst & Young LLP
Solicitors Freshfields Bruckhaus Deringer LLP

Directors

Appointed Director Position
30 Oct 2017 Justinian Joseph Ash Chief Executive Officer
01 Oct 2018 Jitesh Himatlal Sodha Chief Financial Officer
12 Jun 2014 Garry Watts Executive Chairman
26 May 2017 Peter Richard Bamford Non-Executive Dep Chairman
24 Jun 2014 Simon Nicholas Rowlands Non-Executive Director
24 Jun 2014 Dame Janet Elizabeth Husband Non-Executive Director
24 Jun 2014 Anthony Rhys Bourne Non-Executive Director
24 May 2018 Dr Carel Aron van der Merwe Non-Executive Director
28 Jul 2016 Adèle Helen Anderson Non-Executive Director

Company financials

Assets (£m) 2017 2016 2015
Reporting date 31 Dec 2017 31 Dec 2016 31 Dec 2015
Tangible assets 1,037 992 896
Intangible asssets and goodwill 518 518 519
Investments and other non-current assets 0 0 0
Total non-current assets 1,555 1,509 1,415
Inventory / work in progress 30 28 29
Trade and other receivables 105 119 135
Cash and equivalents 39 68 79
Other current assets and asset held for resale 6 0 0
Total of all assets 1,734 1,724 1,657
Liabilities (£m) 2017 2016 2015
Short term liabilities 126 122 113
Long term liabilities 571 567 547
Other liabilites / pension etc 0 0 0
Total of all liabilities 696 689 660
Net assets (£m) 2017 2016 2015
Net assets 1,038 1,035 998
Equity (£m) 2017 2016 2015
Share capital 4 4 4
Minority interests 0 0 0
Retained earnings -168 -170 -204
Share premium account 827 827 827
Other equity 375 374 371
Total equity 1,038 1,035 998
Cash Flow (£m) 2017 2016 2015
Cash from operating activities 124 177 155
Cashflow before financing 6 28 46
Increase / decrease in Cash -29 -11 4
Income (£m) 2017 2016 2015
Turnover 932 926 885
Cost of sales 492 486 460
Gross profit 440 441 425
Operating profit 43 93 96
Pre-tax profit 23 73 74
Profit / loss for the year 17 54 60