Primary Health Properties Plc/£PHP
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Primary Health Properties Plc
- Ticker
- £PHP
- Sector
- Real Estate
- Primary listing
- LSE
- Employees
- 156
- Headquarters
- London, United Kingdom
- Website
- www.phpgroup.co.uk
PHP Metrics
BasicAdvanced
£2.4B
14.92
£0.06
0.79
£0.07
7.70%
Price and volume
Market cap
£2.4B
Beta
0.79
52-week high
£1.10
52-week low
£0.88
Average daily volume
11M
Dividend rate
£0.07
Financial strength
Current ratio
0.377
Quick ratio
0.354
Long term debt to equity
1.273
Total debt to equity
1.314
Dividend payout ratio (TTM)
103.77%
Interest coverage (TTM)
2.49%
Profitability
EBITDA (TTM)
304.5
Gross margin (TTM)
89.92%
Net profit margin (TTM)
43.32%
Operating margin (TTM)
82.83%
Effective tax rate (TTM)
0.63%
Revenue per employee (TTM)
£2,350,000
Management effectiveness
Return on assets (TTM)
4.24%
Return on equity (TTM)
8.05%
Valuation
Price to earnings (TTM)
14.924
Price to revenue (TTM)
6.213
Price to book
0.96
Price to tangible book (TTM)
0.96
Price to free cash flow (TTM)
8.942
Free cash flow yield (TTM)
11.18%
Free cash flow per share (TTM)
0.105
Dividend yield (TTM)
7.70%
Growth
Revenue change (TTM)
103.78%
Earnings per share change (TTM)
-9.11%
3-year revenue growth (CAGR)
31.55%
10-year revenue growth (CAGR)
18.95%
3-year earnings per share growth (CAGR)
41.91%
10-year earnings per share growth (CAGR)
-3.76%
3-year dividend per share growth (CAGR)
2.94%
10-year dividend per share growth (CAGR)
10.88%
What the Analysts think about PHP
Analyst ratings (Buy, Hold, Sell) for Primary Health Properties Plc stock.
Analyst projections of the future price of Primary Health Properties Plc stock.
Bulls say / Bears say
Rent reviews added £5.8 million of annual income in the first nine months, equivalent to 3.1% annualised growth and slightly ahead of guidance. Growth was broad-based across UK primary care, private hospitals and Ireland. (London Stock Exchange)
The planned GIC partnership is expected to raise about £500 million for debt repayment, while PHP retains half the hospital portfolio and earns management fees. That could ease balance-sheet pressure without giving up all exposure to private hospital growth. (Investegate)
PHP and USS have expanded their primary-care joint venture target to £400 million, with scope to reach £800 million. The partnership offers another source of capital for NHS healthcare buildings and developments, while proceeds from an initial £67 million asset transfer will reduce debt. (Investegate)
Even after the planned GIC transaction, PHP expects loan-to-value below 55% and net debt to EBITDA below 10 times, still above its targets of below 50% and 9.5 times. Deleveraging therefore remains a key task rather than a completed fix. (Investegate, London Stock Exchange)
The GIC venture transfers 27 hospitals at a 5% discount to their December 2025 book value. The cash proceeds help reduce debt, but the discount highlights a potential cost to asset recycling and shareholders’ direct exposure to those properties. (Investegate)
Higher interest rates could put pressure on property values and push leverage higher, given PHP’s already elevated loan-to-value ratio. Hargreaves Lansdown flagged this risk in its review of the interim results. (Hargreaves Lansdown)
Data summarised monthly by Lightyear AI. Last updated on 30 Oct 2026.
PHP Financial Performance
Revenues and expenses
PHP Earnings Performance
Company profitability
Upcoming events
Funds containing PHP
AllGBPEURUSD
Fund name | Fund size | £PHP weighting |
|---|---|---|
iShares UK Property£IUKP | £401M | 4.31% |
iShares MSCI Target UK Real Estate£UKRE | £151M | 3.51% |
iShares STOXX Europe 600 Real Estate€EXI5 | €63M | 2.08% |
iShares UK Dividend£IUKD | £1.3B | 1.40% |
iShares FTSE 250£MIDD | £672M | 0.73% |
Latest price is delayed by 15 minutes. Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by London Stock Exchange, through Infront.