Company Valuation: National Health Investors, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 2,635 2,266 2,424 3,148 3,638 3,639 - -
Change - -14.01% 7% 29.83% 15.58% 0.02% - -
Enterprise Value (EV) 1 3,841 3,394 3,537 4,270 4,782 4,524 4,911 5,053
Change - -11.63% 4.22% 20.7% 12.01% -5.41% 8.56% 2.88%
P/E ratio 23.6x 35.3x 17.8x 22.1x 25.3x 20.9x 21.4x 21.5x
PBR 1.75x 1.77x 1.93x 2.32x 2.42x 2.26x 2.07x -
PEG - -0.9x 0x - -7.2x 1.1x -9.68x -47.5x
Capitalization / Revenue 8.82x 8.14x 7.58x 9.39x 9.69x 8.45x 8.12x 7x
EV / Revenue 12.9x 12.2x 11.1x 12.7x 12.7x 10.5x 11x 9.72x
EV / EBITDA 14.4x 13.5x 14.2x 16.3x 16.6x 14.7x 14.6x 15.5x
EV / EBIT 20.7x 18.8x 19.7x 22.3x 23.1x 22.5x 20.9x 19.3x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 3.802 3.6 3.6 3.6 3.64 3.722 3.812 3.743
Rate of return 6.62% 6.89% 6.45% 5.19% 4.77% 4.96% 5.08% 4.99%
EPS 2 2.44 1.48 3.13 3.13 3.02 3.585 3.506 3.49
Distribution rate 156% 243% 115% 115% 121% 104% 109% 107%
Net sales 1 298.7 278.2 319.8 335.2 375.6 430.9 448.4 520
EBITDA 1 266.6 251.8 249.6 262.6 287.6 308.3 336.8 326.6
EBIT 1 185.8 180.9 179.6 191.1 206.7 200.8 235.3 262.4
Net income 1 111.8 66.4 135.6 137.9 142 172.6 178 189.2
Net Debt 1 1,205 1,128 1,113 1,122 1,144 885 1,272 1,414
Reference price 2 57.47 52.22 55.85 69.30 76.37 75.07 75.07 75.07
Nbr of stocks (in thousands) 45,851 43,389 43,410 45,422 47,639 48,471 - -
Announcement Date 22/02/22 21/02/23 20/02/24 25/02/25 26/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.94x10.5x14.68x4.96% 3.64B
73.48x11.89x31.3x1.44% 150B
139.72x7.87x21.75x2.4% 42.08B
21.62x17.29x15.03x5.81% 13.74B
78.82x8.34x14.62x6.21% 13.55B
64.06x3.36x20.47x2.07% 9.52B
26.66x16.97x18.01x3.76% 8.82B
12x23.58x27.46x5.7% 7.11B
102.76x - - 2.87% 5.13B
30.32x8.64x15.56x5.83% 5.19B
Average 57.04x 12.05x 19.88x 4.11% 25.91B
Weighted average by Cap. 77.12x 11.42x 26.41x 2.46%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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