CareTrust REIT Financials
| CTRE Stock | USD 23.81 0.09 0.38% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
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| Debt Equity Ratio | 0.4 | 0.4204 |
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| Operating Income | 172.1 M | 163.9 M |
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| Current Ratio | 4.61 | 4.3937 |
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The financial analysis of CareTrust REIT is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for CareTrust REIT includes many different criteria found on its balance sheet. For example, investors should never minimize CareTrust REIT's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor CareTrust REIT's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in CareTrust REIT.
Net Income |
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With this module, you can analyze CareTrust financials for your investing period. You should be able to track the changes in CareTrust REIT individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
CareTrust | Select Account or Indicator |
Understanding current and past CareTrust REIT Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of CareTrust REIT's financial statements are interrelated, with each one affecting the others. For example, an increase in CareTrust REIT's assets may result in an increase in income on the income statement.
The data published in CareTrust REIT's official financial statements usually reflect CareTrust REIT's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of CareTrust REIT. For example, before you start analyzing numbers published by CareTrust accountants, it's critical to develop an understanding of what CareTrust REIT's liquidity, profitability, and earnings quality are in the context of the Diversified REITs space in which it operates.
Please note, the presentation of CareTrust REIT's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, CareTrust REIT's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in CareTrust REIT's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of CareTrust REIT. Please utilize our Beneish M Score to check the likelihood of CareTrust REIT's management manipulating its earnings.
CareTrust REIT Stock Summary
CareTrust REIT competes with Global Medical, Universal Health, Healthpeak Properties, Healthcare Realty, and Sabra Healthcare. CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States. Caretrust REIT operates under REITHealthcare Facilities classification in the United States and is traded on New York Stock Exchange. It employs 16 people.Specialization | Real Estate, Equity Real Estate Investment Trusts (REITs) |
| Instrument | USA Stock View All |
| Exchange | New York Stock Exchange |
| ISIN | US14174T1079 |
| CUSIP | 14174T107 |
| Location | California; U.S.A |
| Business Address | 905 Calle Amanecer, |
| Sector | Diversified REITs |
| Industry | Real Estate |
| Benchmark | NYSE Composite |
| Website | www.caretrustreit.com |
| Phone | 949 542 3130 |
| Currency | USD - US Dollar |
You should never invest in CareTrust REIT without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of CareTrust Stock, because this is throwing your money away. Analyzing the key information contained in CareTrust REIT's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
CareTrust REIT Key Financial Ratios
Generally speaking, CareTrust REIT's financial ratios allow both analysts and investors to convert raw data from CareTrust REIT's financial statements into concise, actionable information that can be used to evaluate the performance of CareTrust REIT over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that CareTrust REIT reports annually and quarterly.| Return On Equity | 0.0474 | ||||
| Profit Margin | 0.25 % | ||||
| Operating Margin | 0.63 % |
CareTrust REIT Key Balance Sheet Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 1.5B | 1.5B | 1.6B | 1.6B | 2.1B | 1.3B | |
| Accounts Payable | 15.0M | 19.6M | 25.4M | 24.4M | 34.0M | 17.7M | |
| Cash | 20.3M | 18.9M | 19.9M | 13.2M | 294.4M | 309.2M | |
| Other Assets | 3.0M | 2.0M | 1.6B | 12.3M | 1.8B | 1.9B | |
| Long Term Debt | 295.9M | 495.6M | 199.1M | 594.5M | 595.6M | 416.8M | |
| Total Liab | 591.3M | 589.4M | 725.1M | 771.4M | 666.1M | 567.6M | |
| Other Current Liab | 21.7M | 24.3M | 26.3M | 27.6M | 36.5M | 20.4M | |
| Net Debt | 534.3M | 526.7M | 653.5M | 706.3M | 301.2M | 514.3M | |
| Net Receivables | 2.6M | 1.8M | 2.4M | 416K | 395K | 375.3K | |
| Other Current Assets | 10.9M | 10.5M | 7.5M | 11.7M | (294.8M) | (280.1M) | |
| Total Current Assets | 68.3M | 38.4M | 34.7M | 25.9M | 309.9M | 325.3M | |
| Common Stock | 951K | 952K | 963K | 990K | 1.3M | 1.2M | |
| Net Tangible Assets | 927.6M | 914.1M | 915.8M | 849.4M | 976.8M | 708.6M | |
| Retained Earnings | (236.4M) | (251.2M) | (282.0M) | (397.0M) | (467.6M) | (444.2M) | |
| Short Long Term Debt | 60M | 50M | 80M | 125M | 112.5M | 192.3M | |
| Short Term Debt | 60M | 50M | 80M | 125M | 112.5M | 94.7M | |
| Intangible Assets | 1.7M | 2.4M | 1.3M | 2.8M | 5.3M | 5.5M | |
| Long Term Debt Total | 295.9M | 495.6M | 199.1M | 594.5M | 683.7M | 369.1M | |
| Capital Surpluse | 1.2B | 1.2B | 1.2B | 1.2B | 1.4B | 1.0B | |
| Net Invested Capital | 1.5B | 1.5B | 1.6B | 1.6B | 2.0B | 1.7B | |
| Net Working Capital | (28.3M) | (55.4M) | (97.0M) | (139.3M) | 239.3M | 251.3M | |
| Capital Stock | 951K | 952K | 963K | 990K | 1.3M | 1.1M |
CareTrust REIT Key Income Statement Accounts
An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what CareTrust REIT's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 28.1M | 23.7M | 23.7M | 30.0M | 40.9M | 26.9M | |
| Total Revenue | 159.1M | 175.7M | 190.2M | 187.5M | 198.6M | 139.8M | |
| Gross Profit | 153.1M | 171.0M | 186.6M | 178.1M | 189.0M | 130.6M | |
| Operating Income | 89.4M | 104.6M | 106.6M | 112.4M | 163.9M | 172.1M | |
| Ebit | 89.4M | 104.6M | 106.6M | 112.4M | 135.5M | 75.4M | |
| Ebitda | 141.3M | 157.4M | 162.0M | 162.8M | 186.4M | 118.5M | |
| Cost Of Revenue | 5.9M | 4.7M | 3.6M | 9.4M | 9.6M | 6.7M | |
| Income Before Tax | 46.4M | 80.9M | 72.0M | (7.5M) | 53.7M | 33.0M | |
| Net Income | 18.2M | 57.2M | 48.3M | 42.9M | 53.7M | 30.7M | |
| Income Tax Expense | 28.1M | 23.7M | 23.7M | (50.4M) | 41.2M | 43.3M | |
| Interest Income | 4.3M | 2.6M | 2.2M | 8.6M | 19.2M | 20.1M | |
| Net Interest Income | (23.8M) | (21.0M) | (21.5M) | (21.4M) | (21.7M) | (22.8M) |
CareTrust REIT Key Cash Accounts
Cash flow analysis captures how much money flows into and out of CareTrust REIT. It measures of how well CareTrust is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money CareTrust REIT brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money CareTrust had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what CareTrust REIT has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (16.5M) | (1.4M) | 976K | (6.7M) | 281.3M | 295.3M | |
| Free Cash Flow | 126.3M | 145.7M | 150.9M | 137.1M | 143.8M | 151.0M | |
| Depreciation | 51.9M | 52.8M | 55.4M | 50.4M | 50.9M | 43.1M | |
| Other Non Cash Items | 11.6M | 1.9M | 1.9M | 96.1M | 2.1M | 2.0M | |
| Capital Expenditures | 322.0M | 89.7M | 6.0M | 7.3M | 11.0M | 10.4M | |
| Net Income | 46.4M | 80.9M | 72.0M | (7.5M) | 53.7M | 33.0M | |
| End Period Cash Flow | 20.3M | 18.9M | 19.9M | 13.2M | 294.4M | 309.2M | |
| Change To Inventory | 5.2M | 6.3M | (825K) | 562K | 505.8K | 480.5K | |
| Investments | 18.2M | 49.8M | (860K) | (143.3M) | (267.8M) | (254.4M) | |
| Change Receivables | (6.3M) | 825K | (562K) | 604K | 694.6K | 729.3K | |
| Net Borrowings | 200M | (10M) | 115.9M | 39.6M | 45.6M | 85.1M | |
| Dividends Paid | 80.6M | 93.2M | 100.8M | 106.1M | 115.5M | 77.4M | |
| Change To Netincome | 1.7M | 5.1M | 21.5M | 12.2M | 14.0M | 8.6M |
CareTrust Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining CareTrust REIT's current stock value. Our valuation model uses many indicators to compare CareTrust REIT value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across CareTrust REIT competition to find correlations between indicators driving CareTrust REIT's intrinsic value. More Info.CareTrust REIT is rated fourth in return on equity category among related companies. It is number one stock in return on asset category among related companies reporting about 0.96 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for CareTrust REIT is roughly 1.04 . At present, CareTrust REIT's Return On Equity is projected to increase slightly based on the last few years of reporting.Comparative valuation analysis is a catch-all model that can be used if you cannot value CareTrust REIT by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for CareTrust REIT's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the CareTrust REIT's earnings, one of the primary drivers of an investment's value.CareTrust REIT Systematic Risk
CareTrust REIT's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. CareTrust REIT volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on CareTrust REIT correlated with the market. If Beta is less than 0 CareTrust REIT generally moves in the opposite direction as compared to the market. If CareTrust REIT Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one CareTrust REIT is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of CareTrust REIT is generally in the same direction as the market. If Beta > 1 CareTrust REIT moves generally in the same direction as, but more than the movement of the benchmark.
About CareTrust REIT Financials
What exactly are CareTrust REIT Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include CareTrust REIT's income statement, its balance sheet, and the statement of cash flows. Potential CareTrust REIT investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although CareTrust REIT investors may use each financial statement separately, they are all related. The changes in CareTrust REIT's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on CareTrust REIT's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.Steps to analyze CareTrust REIT Financials for Investing
There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as CareTrust REIT is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of CareTrust has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it. In summary, you can determine if CareTrust REIT's financials are consistent with your investment objective using the following steps:- Review CareTrust REIT's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
- Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
- Study the cash flow inflows and outflows to understand CareTrust REIT's liquidity and solvency.
- Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
- Compare CareTrust REIT's financials to those of its peers to see how it stacks up and identify any potential red flags.
- Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if CareTrust REIT's stock is overvalued or undervalued.
Today, most investors in CareTrust REIT Stock are looking for potential investment opportunities by analyzing not only static indicators but also various CareTrust REIT's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of CareTrust REIT growth as a starting point in their analysis.
Price Earnings To Growth Ratio |
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CareTrust REIT April 25, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of CareTrust REIT help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of CareTrust REIT. We use our internally-developed statistical techniques to arrive at the intrinsic value of CareTrust REIT based on widely used predictive technical indicators. In general, we focus on analyzing CareTrust Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build CareTrust REIT's daily price indicators and compare them against related drivers.
| Downside Deviation | 1.16 | |||
| Information Ratio | 0.0486 | |||
| Maximum Drawdown | 10.3 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 1.98 |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CareTrust REIT. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade CareTrust Stock refer to our How to Trade CareTrust Stock guide.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for CareTrust Stock analysis
When running CareTrust REIT's price analysis, check to measure CareTrust REIT's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CareTrust REIT is operating at the current time. Most of CareTrust REIT's value examination focuses on studying past and present price action to predict the probability of CareTrust REIT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CareTrust REIT's price. Additionally, you may evaluate how the addition of CareTrust REIT to your portfolios can decrease your overall portfolio volatility.
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Is CareTrust REIT's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CareTrust REIT. If investors know CareTrust will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CareTrust REIT listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.449 | Dividend Share 1.12 | Earnings Share 0.51 | Revenue Per Share 2.055 | Quarterly Revenue Growth 0.153 |
The market value of CareTrust REIT is measured differently than its book value, which is the value of CareTrust that is recorded on the company's balance sheet. Investors also form their own opinion of CareTrust REIT's value that differs from its market value or its book value, called intrinsic value, which is CareTrust REIT's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CareTrust REIT's market value can be influenced by many factors that don't directly affect CareTrust REIT's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CareTrust REIT's value and its price as these two are different measures arrived at by different means. Investors typically determine if CareTrust REIT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CareTrust REIT's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.