Summerset Group Holdings Limited (SMGRF)
InfravaloradaFundamental
48
Precio
$7.40
Capitalización Bursátil
$1.85B
Parte 1 · Cuánto vale la empresa
Resumen
Summerset builds and operates retirement villages in New Zealand and Australia, where it sells residents the right to occupy a unit for life in exchange for an upfront payment, then provides care services — from independent living to full nursing care — as residents age. It is both a developer, building new villages on land it buys, and a long-term operator running dining, care and community services for thousands of residents already living in its villages.
Cómo genera ingresos
Revenue is a mix of several streams rather than a single product sale: weekly fees residents pay for care and village services, a share of the gain when a departing resident's occupation right is resold to a new one, and government subsidies for eligible aged-care residents that make up a majority of the care revenue. Because these streams are recognized differently — some upfront, some accrued over years of occupancy — reported revenue does not map cleanly onto new-unit sales in any given year.
Qué impulsa la demanda
DefensivoDemand is driven by an aging population choosing to move into a retirement village, a decision that is only loosely tied to the economic cycle since it follows health and life-stage needs more than discretionary spending power. It is not fully immune to downturns, though, since a resident's ability to buy an occupation right often depends on selling their existing home first.
Los argumentos a favor
Buyers argue that an aging population in New Zealand and Australia gives Summerset a decades-long demand tailwind, that owning the land bank lets it capture development margin most competitors cannot, and that record deliveries and underlying profit in fiscal 2025 show the model scaling as intended.
Los argumentos en contra
Sellers fear that resales gains depend on house-price and property-market conditions outside the company's control, that a housing downturn could slow the pace at which prospective residents can sell their own homes to buy in, and that a large land and development bank ties up capital for years before it converts into cash.
Written by the editors, published on 18 de agosto de 2026
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
Balance y Liquidez
Ingresos
$366M
Últimos 12 meses hasta el último trimestre publicado — estimación a partir de métricas por acción
Beneficio Neto
$264M
Últimos 12 meses hasta el último trimestre publicado — estimación a partir de métricas por acción
Flujo de Caja Libre
$-277M
Patrimonio Neto Total
$3.52B
Pasivo Total
$2.09B
Ratio de Liquidez
0.69
Cobertura de Intereses
-
Deuda/EBITDA
47.35
Beneficio Por Acción
Ingresos y Beneficio Neto
Flujo de Caja Libre
Desglose de Ingresos
Estado histórico
Márgenes en el tiempo
La deuda en el tiempo
Cuánto pesa la deuda
Cuadro de crecimiento
Crecimiento — Ingresos
Estimación de Valor Justo
Valor Justo
$12.05
Precio Actual
$7.40
Margen de Seguridad
+38.6%
Rango de Valor Justo
$9.28 - $14.82
Dispersión entre los métodos de valoración utilizados, no un intervalo de confianza calibrado estadísticamente.
Métodos de Estimación
Métricas de Valoración
Ratio P/E
6.74
ROE
10.2%
Ratio P/B
0.53
P/FCF
-
Margen Bruto
90.0%
ROIC
0.3%
Radar de Rentabilidad
Creación de Valor (Ventaja Competitiva)
ROIC
0.3%
WACC
4.6%
ROIC − WACC
-4.3 pp
El ROIC está por debajo del coste del capital: la empresa destruye valor por cada dólar invertido.
Criterios de Análisis Fundamental
Superado (9)
- Gross Margin 90.0%
- P/B Ratio 0.53
- Debt/Equity ratio
- Operating Margin 75.0%
- Price below Graham Number
- ROE 8.0%
- Revenue Growth 5Y 16.0%
- Analyst Consensus 80% Buy
- Earnings Quality (OCF/NI) 2.31
Fallido (9)
- Price CAGR 4.50%
- ROIC 0.3%
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- DCF valuation (Unknown)
- PEG Ratio 5.72
- Net Margin Trend 71.8% vs 106.2%
- Piotroski F-Score 2/9
No disponible (9)
- EPS data insufficient
- P/FCF NaN
- Dividend Payout NaN%
- CapEx intensity
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- Earnings Surprise (Finnhub)
- Share Dilution (missing shares data)
Piotroski F-Score
Preocupaciones financieras graves
Calidad de los Beneficios
Alta calidad: beneficios respaldados por efectivo
Dilución de Acciones
Recomprando acciones. Favorable para el accionista
Participaciones institucionales
No hay declaraciones institucionales para esta empresa.
Gobernanza
Equipo Directivo
| Nombre | Cargo | Edad |
|---|---|---|
| Mr. Scott Grady Scoullar BCA, C.A., FCPA | Chief Executive Officer | - |
| Mr. John O'Sullivan | Founder | - |
| Ms. Margaret Warrington | Chief Financial Officer | - |
| Ms. Robyn Heyman | Head of Legal & Company Secretary | - |
| Mr. David Martin | Chief Sales & Marketing Transformation Lead | - |
| Ms. Chris Lokum BMS | Chief People Officer | - |
| Mr. Dean Tallentire B.Sc. | Chief Construction Officer of NZ | - |
| Ms. Eleanor Young B.Sc. | Chief Operating Officer of NZ | - |
| Mr. Aaron Smail B.E., BBS | Chief Development Officer of NZ | - |
| Mr. Stewart Scott | Chief Operating Officer of Australia | - |
Riesgo de Auditoría
4
Riesgo del Consejo
4
Riesgo de Compensación
6
Riesgo de Derechos del Accionista
7
Parte 2 · El precio y el momento de entrar
Esta parte no sirve para saber si la empresa vale: sirve para elegir cuándo comprarla, una vez que los fundamentales te han convencido. Dentro: análisis técnico, potencial, caídas históricas, exposición gamma.
Latest News
Recent headlines for SMGRF, sourced from Markets Gazette.