Added to YB: 2025-03-11
Pitch date: 2025-03-09
TAH.NZ [bullish]
Third Age Health Services Limited
+79.41%
current return
Author Info
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Company Info
Third Age Health Services Limited, together with its subsidiaries, provides general practice health care services for older people living in retirement villages, private hospitals, and secure dementia units in New Zealand.
Market Cap
NZD 47.4M
Pitch Price
NZD 2.99
Price Target
N/A
Dividend
3.09%
EV/EBITDA
9.10
P/E
17.64
EV/Sales
2.45
Sector
Health Care Providers and Services
Category
growth
Third Age Health Services Ltd: Asset Light Recurring Revenue Adult Health Care Services.
TAH.NZ: NZ primary care provider for aged care & GP. 55% ARC, 45% GP revenue. 15% market share, 40% ROIC, 9x FCF. Organic growth + accretive M&A. Strong insider ownership (71%). Risks: regulation, customer concentration, healthcare worker shortage. Expect low double-digit ARC growth. Trades at 30M NZD MC, limited float (13%).
Read full article (7 min)