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Primary Health Properties PLC (PHP.L)

GBp92.55 -0.25 (-0.27%)
GB LSE Real Estate REIT - Healthcare Facilities
Address Greener House SW1Y 4RF
London, GB
CEO Mark Anthony Philip Davies
IPO 1996-03-19
ISIN GB00BYRJ5J14

Explore sections of this company profile

Also trades on London Stock Exchange · PHP.L (GBp) Other OTC · PHPRF (USD)
Description

Primary Health Properties (PHP) stands as the premier investor in contemporary healthcare real estate throughout the United Kingdom and Ireland. This UK-based Real Estate Investment Trust (REIT) is committed to delivering growing returns for its investors, achieved through a combination of increasing earnings and appreciating asset values. PHP accomplishes this by acquiring healthcare properties under extended lease agreements, which are underpinned by strong, government-backed financial commitments. The company manages an extensive portfolio of over 480 primary care sites, encompassing both existing facilities and planned developments. While most are general practitioner clinics, other properties are leased to various NHS entities, pharmacies, and dental practices.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
GBp92.55 -0.25 (-0.27%)
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Volume Profile
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Liquidity & share structure
Average Volume
12M
Beta
0.79
Float Shares
1.31B
Free Float %
98.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.53% -0.58% +0.48% -13.34% -3.74% -4.14% -6.62% -5.87% -38.86% -12.49% +272.27%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
92.55
DCF (Unlevered) 261.39 +182.4%
DCF (Levered) 273.29 +195.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 88% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 6 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.65
Distress
Piotroski F-Score
7 / 9
Strong
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
  • Revenue growth
    +42.5% Q4'25: +97.1% (vs Q4'23)
  • EPS growth
    +114.2% Q4'25: +351.6% (vs Q4'23)
  • FCF margin
    Q4'25: +0.0% (vs Q4'23)
  • EBIT margin
    Q4'25: +69.7% (vs Q4'23)
  • ROIC
    Q4'25: +8.0% (vs Q4'23)
  • Share dilution
    +34.2% Q4'25: +95.0% (vs Q4'23)
  • Debt / EBITDA
    15.98× Q4'25: 7.01× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.79) × ERP
WACC = 34% × Ke + 66% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 261.39 Current price: 92.55
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2008
actual
Dec 2009
actual
Dec 2010
actual
Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
7 Rev. Ana.
8 EPS Ana.
Dec 2027
7 Rev. Ana.
8 EPS Ana.
Dec 2028
6 Rev. Ana.
5 EPS Ana.
Dec 2029
5 Rev. Ana.
1 EPS Ana.
Dec 2030
3 Rev. Ana.
1 EPS Ana.
Revenue
19.69M
est: 19.21M (+2.5%)
21.33M
est: 22.10M (-3.5%)
26.92M
est: 25.48M (+5.6%)
30.68M
est: 29.37M (+4.5%)
7.16M
est: 34.27M (-79.1%)
28.45M
est: 41.43M (-31.3%)
59.99M
est: 60.70M (-1.2%)
63.12M
est: 62.37M (+1.2%)
67.40M
est: 71.29M (-5.5%)
72.50M
est: 71.61M (+1.2%)
79.60M
est: 75.70M (+5.2%)
121.30M
est: 114.30M (+6.1%)
139.00M
est: 129.12M (+7.7%)
145.60M
est: 137.86M (+5.6%)
154.10M
est: 143.80M (+7.2%)
169.80M
est: 177.80M (-4.5%)
181.70M
est: 157.02M (+15.7%)
259.00M
est: 210.02M (+23.3%)
335.43M
318.62M – 375.78M
+59.7% YoY
327.34M
308.50M – 365.25M
-2.4% YoY
329.65M
329.19M – 330.11M
+0.7% YoY
324.60M
307.14M – 362.93M
-1.5% YoY
330.15M
312.39M – 369.14M
+1.7% YoY
EBITDA
-11.67M
est: 12.30M (-194.9%)
7.87M
est: -69.29M (+111.4%)
16.98M
est: 4.61M (+268.3%)
25.59M
est: 18.80M (+36.1%)
15.59M
est: 1.68M (+827.8%)
36.51M
est: -26.59M (+237.3%)
-26.67M
est: 12.73M (-309.5%)
3.29M
est: -1.76M (+287.2%)
-222.0K
est: 21.62M (-101.0%)
est: 10.51M (-100.0%)
2.90M
est: 63.21M (-95.4%)
76.50M
est: 75.11M (+1.8%)
107.20M
est: -160.50M (+166.8%)
132.30M
est: -169.37M (+178.1%)
163.20M
est: -177.73M (+191.8%)
est: 114.83M (-100.0%)
94.70M
est: 102.17M (-7.3%)
207.00M
est: 135.63M (+52.6%)
216.63M
205.77M – 242.68M
+59.7% YoY
211.40M
199.23M – 235.89M
-2.4% YoY
212.89M
212.60M – 213.19M
+0.7% YoY
209.63M
198.36M – 234.39M
-1.5% YoY
213.22M
201.75M – 238.39M
+1.7% YoY
EBIT
5.98M
est: 12.25M (-51.2%)
7.87M
est: 16.88M (-53.4%)
22.03M
est: 20.67M (+6.6%)
25.53M
est: 25.21M (+1.3%)
14.24M
est: 29.31M (-51.4%)
35.94M
est: 33.41M (+7.6%)
25.81M
est: 50.06M (-48.4%)
58.75M
est: 39.76M (+47.8%)
59.08M
est: 45.45M (+30.0%)
60.00M
est: 45.65M (+31.4%)
69.40M
est: 48.26M (+43.8%)
76.50M
est: 72.87M (+5.0%)
107.20M
est: 8.01M (+1,238.7%)
132.30M
est: 8.45M (+1,465.6%)
163.20M
est: 8.87M (+1,740.4%)
-900.0K
est: 114.40M (-100.8%)
93.80M
est: 101.79M (-7.9%)
207.00M
est: 135.13M (+53.2%)
215.83M
205.01M – 241.79M
+59.7% YoY
210.62M
198.50M – 235.02M
-2.4% YoY
212.11M
211.81M – 212.41M
+0.7% YoY
208.86M
197.63M – 233.52M
-1.5% YoY
212.43M
201.01M – 237.52M
+1.7% YoY
Net Income
-23.90M
est: 52.43M (-145.6%)
10.79M
est: -26.46M (+140.8%)
25.68M
est: 12.37M (+107.6%)
12.65M
est: 29.60M (-57.3%)
1.13M
est: 14.76M (-92.3%)
20.22M
est: 1.37M (+1,379.8%)
36.88M
est: 29.62M (+24.5%)
56.03M
est: 38.50M (+45.5%)
43.70M
est: 62.15M (-29.7%)
91.90M
est: 45.16M (+103.5%)
74.30M
est: 98.46M (-24.5%)
-71.30M
est: 113.66M (-162.7%)
112.00M
est: -80.42M (+239.3%)
140.10M
est: -84.86M (+265.1%)
56.30M
est: -11.30M (+598.2%)
27.30M
est: -12.02M (+327.2%)
41.40M
est: 97.20M (-57.4%)
119.00M
est: 129.64M (-8.2%)
132.43M
131.18M – 133.68M
+2.2% YoY
136.75M
133.70M – 139.81M
+3.3% YoY
159.35M
113.44M – 205.26M
+16.5% YoY
141.11M
131.24M – 162.77M
-11.4% YoY
143.19M
133.18M – 165.17M
+1.5% YoY
SGA
3.52M
est: 1.43M (+145.5%)
3.46M
est: 4.87M (-28.9%)
4.65M
est: 3.97M (+17.1%)
5.12M
est: 5.36M (-4.4%)
908.0K
est: 5.97M (-84.8%)
3.90M
est: 1.10M (+254.0%)
6.78M
est: 8.91M (-23.9%)
6.81M
est: 7.08M (-3.9%)
7.30M
est: 7.55M (-3.3%)
8.70M
est: 7.58M (+14.8%)
9.90M
est: 9.32M (+6.2%)
12.30M
est: 15.15M (-18.8%)
13.20M
est: 13.87M (-4.9%)
10.50M
est: 14.64M (-28.3%)
9.60M
est: 15.36M (-37.5%)
12.30M
est: 9.90M (+24.2%)
13.00M
est: 8.81M (+47.6%)
est: 11.69M (-100.0%)
18.68M
17.74M – 20.92M
+59.7% YoY
18.23M
17.18M – 20.34M
-2.4% YoY
18.35M
18.33M – 18.38M
+0.7% YoY
18.07M
17.10M – 20.21M
-1.5% YoY
18.38M
17.39M – 20.55M
+1.7% YoY
EPS
-0.15
est: 0.04 (-482.4%)
0.07
est: 0.04 (+57.3%)
0.10
est: 0.04 (+132.2%)
0.05
est: 0.04 (+11.1%)
0.00
est: 0.03 (-87.4%)
0.06
est: 0.03 (+89.5%)
0.08
est: 0.04 (+112.1%)
0.13
est: 0.05 (+177.8%)
0.08
est: 0.05 (+50.2%)
0.15
est: 0.05 (+187.6%)
0.10
est: 0.05 (+88.7%)
-0.07
est: 0.06 (-215.1%)
0.09
est: 0.06 (+52.7%)
0.11
est: 0.06 (+78.6%)
0.04
est: 0.07 (-36.0%)
0.02
est: -0.01 (+417.1%)
0.03
est: 0.07 (-55.1%)
0.07
est: 0.07 (-8.3%)
0.07
0.07 – 0.07
+1.7% YoY
0.08
0.07 – 0.08
+3.7% YoY
0.08
0.06 – 0.11
+2.8% YoY
0.08
0.07 – 0.09
+0.2% YoY
0.08
0.07 – 0.09
+1.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B+ 3/5 5/5 3/5 3/5 2/5 2/5 3/5
2026-05-28 B+ 3/5 5/5 3/5 3/5 2/5 2/5 3/5
2026-05-27 B+ 3/5 5/5 3/5 3/5 2/5 2/5 3/5
2026-05-26 B+ 3/5 5/5 3/5 3/5 2/5 2/5 3/5
2026-05-22 B+ 3/5 5/5 3/5 3/5 2/5 2/5 3/5
2026-05-21 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-20 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-19 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-18 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-15 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-14 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-13 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-12 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-11 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-08 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-07 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-06 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-05 B+ 3/5 5/5 3/5 4/5 2/5 2/5 3/5
2026-05-01 B+ 3/5 5/5 3/5 4/5 1/5 2/5 3/5
2026-04-30 B+ 3/5 5/5 3/5 4/5 1/5 2/5 3/5
2026-04-29 B+ 3/5 5/5 3/5 4/5 1/5 2/5 3/5
2026-04-28 B+ 3/5 5/5 3/5 4/5 1/5 2/5 3/5
2026-04-27 B+ 3/5 5/5 3/5 4/5 1/5 2/5 3/5
2026-04-24 B+ 3/5 5/5 3/5 4/5 1/5 2/5 3/5
2026-04-23 B+ 3/5 5/5 3/5 4/5 1/5 2/5 4/5
2026-04-22 B+ 3/5 5/5 3/5 4/5 1/5 2/5 4/5
2026-04-21 B+ 3/5 5/5 3/5 4/5 1/5 2/5 4/5
2026-04-20 B+ 3/5 5/5 3/5 4/5 1/5 2/5 3/5
2026-04-17 B+ 3/5 5/5 3/5 4/5 1/5 2/5 3/5
2026-04-16 B+ 3/5 5/5 3/5 4/5 1/5 2/5 3/5
2026-04-15 B+ 3/5 5/5 3/5 4/5 1/5 2/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
725.76M
OE per share TTM
0.41
Owner's Yield
29.80%
Maintenance CapEx ratio
507.58%
Maint CapEx / Avg PPE
427.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.38M
Shares Outstanding
1.34B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Mark Anthony Philip Davies Chief Executive Officer & Director 1M male
Richard Howell Chief Financial Officer & Director 1M male
Philip Higgins Secretary male
Sarah Taylor Chief People Officer female
Steven Noble Chief Investment Officer male
Toby Newman Chief Legal Officer male
David Austin Director of Asset, Property & Facilities Management male
Tony Coke Director of Development male
David Purcell Director of Investor Relations male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits