Polar Capital Global Hea... (PCGH)

Company name:	Polar Capital Global Healthcare Trust Plc
EPIC:	PCGH	Trading Currency:	GBX
Market Sector:	SSC6	ISIN:	GB00B6832P16
Market Segment:	SSMM	Share Type:	DE
WWW Address:	https://www.polarcapitalhealthcaretrust.com/default.aspx	Description:	ORD 25P
Industry Sector:	EQUITY INVESTMENT INSTRUMENTS

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
255.00	4.0 [1.59]	253.00	257.00	251.00	255.00	250.00	384,112
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
311.44	122.14	-0.01	2.09	2.10	122.01	0.82	259.00 - 221.00

Polar Capital Global Hea... Key Figures

(at previous day's close)
Market Cap.	311.44	m
Shares In Issue	122.14	m
Prev. Close	251.00
PE Ratio	122.01
Dividend Yield	0.82	%
EPS - basic	2.09	p
Dividend PS	2.10	p
Dividend Cover	1.00
Cash Flow PS	-1.05	p
Return On Equity (ROE)	0.89	%
Operating Margin	73.35	%
PEG Factor	-13.97
EPS Growth Rate	-8.73	%
Dividends PS Growth Rate	5.00	%
Net Debt	38.48	m
Gross Gearing	13.58	%
Quick Assets	24.79	m
Net Working Capital	13.83	m
Intangibles / Fixed Assets	-	%
Turnover PS	3.45	p
Pre-Tax Profit PS	2.53	p
Retained Profit PS	0.09	p
Cash PS	5.62	p
Net Cash PS	-3.36	p
Net Tangible Asset Value PS *	236.17	p
Net Asset Value PS	236.88	p
Spread	4.00 (1.56%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Polar Capital Global Hea... Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	255.00	244.00
4 weeks	255.00	237.00
12 weeks	259.00	231.00
1 year	259.00	221.00

Share Price Chart (5 years)

Polar Capital Global Hea... Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	248.00	7.00	2.82	244.00	0.18		248.76
4 weeks	239.00	16.00	6.69	237.00	0.21		244.16
12 weeks	258.00	-3.00	-1.16	231.00	0.27		243.24
26 weeks	241.00	14.00	5.81	226.00	0.31		241.32
1 year	221.00	34.00	15.38	221.00	0.26		241.24
3 years	176.00	79.00	44.89	163.00	0.21		224.68
5 years	176.00	79.00	44.89	156.00	0.17		217.75
† periods calculated are whole weeks rather than calendar months

Polar Capital Global Hea... Key Management Ratios

Polar Capital Global Hea... Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	-
PE Ratio	122.01
Tobin's Q Ratio	0.93
Tobin's Q Ratio (excl. intangibles)	0.93
Dividend Yield	0.82	%
Market-to-Book Ratio	1.08
Price-to-Pre-Tax Profit PS	100.86
Price-to-Retained Profit PS	2,831.31
Price-to-Cash Flow PS	-243.32
Price-to-Sales PS	73.98
Price-to-Net Tangible Asset Value PS	1.08
Price-to-Cash PS	45.39
Net Working Capital PS	11.32
Price Pct to Working Capital PS	22.52	%
Earnings Yield	0.82	%
Average PE	65.28
Years in average	4
PE to PE average	186.91	%

Polar Capital Global Hea... Financial Ratios

(Leverage Ratios)
Debt Ratio	10.65	%
Debt-to-Equity Ratio	0.12
Debt-to-Equity Ratio (excl. Intgbl)	0.12
Debt-to-Equity Market Value	0.11
Net Gearing	11.53	%
Net Gearing (excl. Intangibles)	11.53	%
Gross Gearing	13.58	%
Gross Gearing (excl. Intangibles)	13.58	%
Gearing Under 1 Year	3.29	%
Gearing Under 1 Year (excl. Intgbl)	3.29	%
Assets/Equity	1.16
Cash/Equity	2.38
(Liquidity Ratios)
Net Working Capital to Total Assets	4.14	%
Current Ratio	2.26
Quick Ratio (Acid Test)	2.26
Liquidity Ratio	0.63
Cash & Equiv/Current Assets	27.68	%
(Solvency Ratios)
Enterprise Value	338.96	m
CFO/Sales	-0.30
CFO/Attributable Profit	-
CFO/Assets	-0.00
CFO/Debt	-0.03
Total Debt/Equity Market Value	0.15
Total Debt/Sales	10.77
Total Debt/Pre-Tax Profit	14.68
Total Debt	45.34	m
Total Debt/Net Current Assets	3.28	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	-	%
Earn drops > 5% in 10yrs	5

Beta (60-Mnth)	Beta (36-Mnth)
-0.0058	-0.0149

Polar Capital Global Hea... Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	0.96	%
Return On Assets (ROA)	0.76	%
Net Profit Margin	60.64	%
Assets Turnover	0.01
Return On Equity (ROE)	0.89	%
Return On Investment (ROI)	0.78	%
Dividend Payout Ratio	100.48	%
Plowback Ratio	-0.48	%
Growth from Plowback Ratio	-0.00	%
Net Income Of Revenues	2.61	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	0.01
Fixed Assets Turnover	0.01
Current Assets Turnover	0.21
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	79.45
Debtors-to-Sales	225.01	%
Debt Collection Period	821.29	Days

Polar Capital Global Hea... Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
22 Jul 2020	Interim	GBX	1.00	30/09/2019	30/09/2020	06/08/2020	07/08/2020	28/08/2020	-
19 Dec 2019	Interim	GBX	1.10	30/09/2018	30/09/2019	06/02/2020	07/02/2020	28/02/2020	2.10
23 Jul 2019	Interim	GBX	1.00	30/09/2018	30/09/2019	01/08/2019	02/08/2019	30/08/2019	-
19 Dec 2018	Final	GBX	1.00	30/09/2017	30/09/2018	07/02/2019	08/02/2019	28/02/2019	2.00
17 Jul 2018	Interim	GBX	1.00	30/09/2017	30/09/2018	26/07/2018	27/07/2018	31/08/2018	-
20 Dec 2017	Final	GBX	1.00	30/09/2016	30/09/2017	01/02/2018	02/02/2018	28/02/2018	3.40
05 May 2017	Interim	GBX	1.65	30/09/2016	30/09/2017	18/05/2017	19/05/2017	09/06/2017	-
31 Jan 2017	Interim	GBX	0.75	30/09/2016	30/09/2017	09/02/2017	10/02/2017	28/02/2017	-
27 Oct 2016	Final	GBX	0.75	30/09/2015	30/09/2016	03/11/2016	04/11/2016	30/11/2016	4.05
21 Jul 2016	Interim	GBX	2.00	30/09/2015	30/09/2016	28/07/2016	29/07/2016	31/08/2016	-
10 May 2016	Interim	GBX	0.65	30/09/2015	30/09/2016	19/05/2016	20/05/2016	03/06/2016	-
27 Jan 2016	Interim	GBX	0.65	30/09/2015	30/09/2016	04/02/2016	05/02/2016	29/02/2016	-
27 Oct 2015	Final	GBX	0.65	30/09/2014	30/09/2015	05/11/2015	06/11/2015	27/11/2015	3.65
27 Jul 2015	Interim	GBX	1.80	30/09/2014	30/09/2015	06/08/2015	07/08/2015	28/08/2015	-
11 May 2015	Interim	GBX	0.60	30/09/2014	30/09/2015	14/05/2015	15/05/2015	29/05/2015	-
23 Jan 2015	Interim	GBX	0.60	30/09/2014	30/09/2015	05/02/2015	06/02/2015	27/02/2015	-
30 Oct 2014	Final	GBX	0.60	30/09/2013	30/09/2014	13/11/2014	14/11/2014	28/11/2014	3.50
31 Jul 2014	Interim	GBX	1.80	30/09/2013	30/09/2014	13/08/2014	15/08/2014	29/08/2014	-
08 May 2014	Interim	GBX	0.55	30/09/2013	30/09/2014	14/05/2014	16/05/2014	30/05/2014	-
28 Jan 2014	Interim	GBX	0.55	30/09/2013	30/09/2014	19/02/2014	21/02/2014	07/03/2014	-
31 Oct 2013	Final	GBX	0.55	30/09/2012	30/09/2013	06/11/2013	08/11/2013	29/11/2013	3.35
01 Aug 2013	Interim	GBX	1.80	30/09/2012	30/09/2013	07/08/2013	09/08/2013	30/08/2013	-
09 May 2013	Interim	GBX	0.50	30/09/2012	30/09/2013	15/05/2013	17/05/2013	31/05/2013	-
23 Jan 2013	Interim	GBX	0.50	30/09/2012	30/09/2013	06/02/2013	08/02/2013	28/02/2013	-
31 Oct 2012	Final	GBX	0.50	30/09/2011	30/09/2012	07/11/2012	09/11/2012	30/11/2012	3.22
01 Aug 2012	Interim	GBX	1.80	30/09/2011	30/09/2012	15/08/2012	17/08/2012	31/08/2012	-
09 May 2012	Interim	GBX	0.46	30/09/2011	30/09/2012	16/05/2012	18/05/2012	31/05/2012	-
26 Jan 2012	Interim	GBX	0.46	30/09/2011	30/09/2012	08/02/2012	10/02/2012	29/02/2012	-
26 Oct 2011	Final	GBX	0.46	30/09/2010	30/09/2011	02/11/2011	04/11/2011	30/11/2011	3.06
03 May 2011	Interim	GBX	0.40	30/09/2010	30/09/2011	11/05/2011	13/05/2011	31/05/2011	-
19 Jan 2011	Interim	GBX	0.40	30/09/2010	30/09/2011	09/02/2011	11/02/2011	28/02/2012	-
26 Oct 2010	Interim	GBX	0.40	30/09/2010	30/09/2011	03/11/2010	05/11/2010	30/11/2010	-

Polar Capital Global Hea... Fundamentals

	30 Sep 2016 (GBP)		30 Sep 2017 (GBP)		30 Sep 2018 (GBP)		30 Sep 2019 (GBP)
turnover	6.36	100.00%	5.80	100.00%	3.88	100.00%	4.21	100.00%	m
pre tax profit	5.84	91.92%	4.02	69.31%	3.25	83.78%	3.09	73.35%	m
attributable profit	5.16	81.20%	3.31	57.08%	2.81	72.50%	2.55	60.64%	m
retained profit	0.40	6.28%	-0.49	-8.36%	0.36	9.23%	0.11	2.61%	m
eps - basic (p)	4.28		2.74		2.29		2.09
eps - diluted (p)	4.28		2.74		2.29		2.09
dividends per share	4.05		3.40		2.00		2.10

Polar Capital Global Hea... Balance Sheet

	30 Sep 2016 (GBP)		30 Sep 2017 (GBP)		30 Sep 2018 (GBP)		30 Sep 2019 (GBP)


	30 Sep 2016 (GBP)		30 Sep 2017 (GBP)		30 Sep 2018 (GBP)		30 Sep 2019 (GBP)
ASSETS
fixed assets	-	-%	-	-%	-	-%	-	-%	m
intangibles	-	-%	-	-%	-	-%	-	-%	m
fixed investments	246.38	96.74%	274.52	96.40%	320.32	95.56%	308.99	92.57%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	0.94	0.37%	9.40	3.30%	1.02	0.30%	17.93	5.37%	m
cash & securities	7.37	2.89%	0.86	0.30%	13.85	4.13%	6.86	2.06%	m

TOTAL	254.69	100%	284.77	100%	335.19	100%	333.78	100%	m

LIABILITIES
creditors - short	6.86	2.69%	2.24	0.79%	5.55	1.66%	10.97	3.29%	m
creditors - long	-	-%	32.40	11.38%	33.37	9.96%	34.37	10.30%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	6.86	2.69%	34.64	12.17%	38.93	11.61%	45.34	13.58%	m

EQUITY
ord cap, reserves	247.82	97.31%	250.13	87.83%	296.26	88.39%	288.45	86.42%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	247.82	97.31%	250.13	87.83%	296.26	88.39%	288.45	86.42%	m

OTHER
NAV Basic	205.71		203.77		241.91		236.88
NAV Diluted	205.71		203.77		241.91		236.88

Polar Capital Global Hea... Cash Flow Statement

	30 Sep 2016 (GBP)	30 Sep 2017 (GBP)	30 Sep 2018 (GBP)	30 Sep 2019 (GBP)
Operating CF	10.95	-38.99	14.30	-1.28	m
Pre-Financing CF	10.95	-38.99	14.30	-1.28	m
Retained CF	5.68	-6.53	11.31	-5.28	m

Polar Capital Global Hea... Brokers

Broker infomation is not available for this class of stock.