Summerset Group Holdings Limited (SMGRF)
SubavaliadaFundamental
48
Preço
$7.40
Capitalização de Mercado
$1.85B
Parte 1 · Quanto vale a empresa
Visão Geral
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.
Como gera receita
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.
O que impulsiona a procura
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.
Os 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.
Os argumentos 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.
Balanço & Liquidez
Receita
$366M
Últimos 12 meses até o último trimestre divulgado — estimativa a partir de métricas por ação
Resultado Líquido
$264M
Últimos 12 meses até o último trimestre divulgado — estimativa a partir de métricas por ação
Fluxo de Caixa Livre
$-277M
Capital Próprio Total
$3.52B
Passivo Total
$2.09B
Rácio de Liquidez
0.69
Cobertura de Juros
-
Dívida/EBITDA
47.35
Resultados Por Ação
Receita & Resultado Líquido
Fluxo de Caixa Livre
Decomposição dos Resultados
Demonstração histórica
Margens ao longo do tempo
A dívida ao longo do tempo
Quanto pesa a dívida
Grelha do crescimento
Crescimento — Receitas
Estimativa de Valor Justo
Valor Justo
$12.05
Preço Atual
$7.40
Margem de Segurança
+38.6%
Intervalo de Valor Justo
$9.28 - $14.82
Dispersão entre os métodos de avaliação utilizados, não um intervalo de confiança calibrado estatisticamente.
Métodos de Estimativa
Métricas de Avaliação
Rácio P/E
6.74
ROE
10.2%
Rácio P/B
0.53
P/FCF
-
Margem Bruta
90.0%
ROIC
0.3%
Radar de Rentabilidade
Criação de Valor (Vantagem Competitiva)
ROIC
0.3%
WACC
4.6%
ROIC − WACC
-4.3 pp
O ROIC está abaixo do custo do capital — a empresa está a destruir valor a cada dólar investido.
Critérios de Análise Fundamental
Aprovado (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
Reprovado (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
Indisponível (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
Preocupações financeiras graves
Qualidade dos Resultados
Alta qualidade: resultados respaldados por caixa
Diluição de Ações
A recomprar ações. Favorável ao acionista
Participações institucionais
Não há declarações institucionais para esta empresa.
Governação
Equipa Executiva
| Nome | Cargo | Idade |
|---|---|---|
| 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 | - |
Risco de Auditoria
4
Risco do Conselho
4
Risco de Remuneração
6
Risco dos Direitos dos Acionistas
7
Parte 2 · O preço e o momento de entrar
Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.
Latest News
Recent headlines for SMGRF, sourced from Markets Gazette.