National Healthcare Properties, Inc. (NHP) (NHP) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-223.9%

-$18.69

vs $15.09 price

Levered DCF

-$52.85

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

-0.75

Distress zone

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022
P/E	-4.78×	-1.67×	-3.95×	-3.64×
P/B	0.57×	0.5×	0.38×	0×
P/S	0.99×	0.96×	0.98×	1.01×
EV / EBITDA	14.56×	-36.56×	17.4×	0×
Gross margin	36.0%	37.4%	37.0%	36.4%
Operating margin	1.0%	-34.9%	-1.4%	-9.4%
Net margin	-16.8%	-53.6%	-20.9%	-23.7%
Current ratio	0.24×	0.22×	0.28×	0×
Debt / equity	1.74×	1.68×	1.32×	0×
Interest coverage	0.05×	-1.78×	-0.07×	-0.61×
Dividend yield	4.0%	4.1%	4.1%	0.0%
Payout ratio	-23.3%	-7.3%	-19.1%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022
Return on equity	-9.6%	-27.7%	-8.1%	0.0%
Return on invested capital	0.2%	-6.7%	-0.2%	0.0%
Return on assets	-3.4%	-9.7%	-3.4%	0.0%
Free cash flow yield	-6.4%	-30.0%	-0.2%	0.0%
Earnings yield	-17.0%	-55.9%	-21.3%	-23.4%
Enterprise value	$1.2B	$1.3B	$1.3B	$0
Net debt / EBITDA	12.04×	-30.91×	14.72×	0×
Cash conversion cycle (days)	-41	-118	-53	0