Other Items - Primary Health Properties PLC (LSE:PHP)

Watchlist Manager

Watchlist

Price: 103.68 GBX -0.59% Market Closed

Market Cap: £2.7B

Primary Health Properties PLC
Other Items

Quarterly

Annual

TTM

Adjust for Inflation

Cash Flow Statement

Primary Health Properties PLC
Other Items Peer Comparison

Company		Other Items	CAGR 3Y	CAGR 5Y	CAGR 10Y
	Primary Health Properties PLC LSE:PHP	Other Items -£37.3m	CAGR 3-Years 36%	CAGR 5-Years 19%	CAGR 10-Years 3%
	Assura PLC LSE:AGR	Other Items -£283.8m	CAGR 3-Years 1%	CAGR 5-Years -11%	CAGR 10-Years N/A
	Target Healthcare REIT PLC LSE:THRL	Other Items -£3.2m	CAGR 3-Years 75%	CAGR 5-Years 50%	CAGR 10-Years 25%
	Impact Healthcare REIT PLC LSE:IHR	Other Items £1.1m	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years N/A
L	Life Science REIT PLC LSE:LABS	Other Items £2.9m	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years N/A
	Care REIT PLC LSE:CRT	Other Items £1.1m	CAGR 3-Years N/A	CAGR 5-Years N/A	CAGR 10-Years N/A

Primary Health Properties PLC
Glance View

Market Cap

2.7B GBX

Industry

Real Estate

Primary Health Properties PLC (PHP) is a name that stands out in the realm of healthcare real estate investment, particularly in the United Kingdom and Ireland. Established to cater to the community's growing healthcare needs, PHP has carved out a niche by focusing solely on the acquisition, development, and management of primary healthcare facilities—chiefly modern General Practitioner (GP) practices and other purpose-built medical centers. The company plays a pivotal role in the medical infrastructure by ensuring that the environments where healthcare services are delivered are modern, efficient, and conducive to patient care. What differentiates PHP from other real estate entities is its commitment to healthcare properties, which are leased long-term to government healthcare bodies and primary care trusts, lending a stability and predictability to revenue streams. The company's business model thrives on the relatively low-risk profile typical of healthcare-related real estate, underpinned by long-term leases, often backed by government funding. This model provides PHP with a consistent and inflation-linked rental income, ensuring a reliable return on investment for stakeholders. By continuously expanding and enhancing its portfolio, PHP not only satisfies the healthcare needs of communities but also safeguards its shareholders' interests by prioritizing properties that can generate steady income. Thus, PHP finds itself at the intersection of real estate and healthcare, supporting the infrastructure of healthcare services while building a financially resilient business.

View PHP Analysis

PHP Intrinsic Value

Show

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

Primary Health Properties PLC
LSE:PHP

Primary Health Properties PLC
Other Items

Primary Health Properties PLC
Other Items Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Primary Health Properties PLC
Glance View

See Also

What is Primary Health Properties PLC's Other Items?

Other Items
-37.3m GBP

What is Primary Health Properties PLC's Other Items growth rate?

Other Items CAGR 10Y
3%

Company

Help

Tools

Stocks

Primary Health Properties PLC LSE:PHP

Primary Health Properties PLC Other Items

Primary Health Properties PLC Other Items Peer Comparison

Competitors Analysis Latest Figures & CAGR of Competitors

Primary Health Properties PLC Glance View

See Also

What is Primary Health Properties PLC's Other Items? Other Items -37.3m GBP

What is Primary Health Properties PLC's Other Items growth rate? Other Items CAGR 10Y 3%

Company

Help

Tools

Stocks

Primary Health Properties PLC
LSE:PHP

Primary Health Properties PLC
Other Items

Primary Health Properties PLC
Other Items Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Primary Health Properties PLC
Glance View

What is Primary Health Properties PLC's Other Items?

Other Items
-37.3m GBP

What is Primary Health Properties PLC's Other Items growth rate?

Other Items CAGR 10Y
3%