SBRA - NASDAQ

Sabra Health Care REIT, Inc.

Sabra Health Care REIT, Inc.

SBRAยทNASDAQ

$18.09

-1.2%
Real EstateREIT - Healthcare Facilities

As of March 31, 2022, Sabra's investment portfolio included 416 real estate properties held for investment. This consists of (i) 279 Skilled Nursing/Transitional Care facilities, (ii) 59 Senior Housing communities (Senior Housing - Leased), (iii) 50 Senior Housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing - Managed), (iv) 13 Behavioral Health facilities and (v) 15 Specialty Hospitals and Other facilities), one asset held for sale, one investment in a sales-type lease, 16 investments in loans receivable (consisting of (i) two mortgage loans, (ii) one construction loan and (iii) 13 other loans), seven preferred equity investments and one investment in an unconsolidated joint venture. As of March 31, 2022, Sabra's real estate properties held for investment included 41,445 beds/units, spread across the United States and Canada.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$4.56B
EPS0.6400
P/E Ratio28.27
Earnings Date08/03/2026
Sabra Health Care REIT, Inc.

Sabra Health Care REIT, Inc. Fair Value Envelope

SBRA ยท NASDAQ

Our analysis suggests that SBRA has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $18.09, this represents a potential HIDDEN relative to our calculated worth for Sabra Health Care REIT, Inc..

HIDDEN
Intrinsic Value
Current Price: $18.09

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$13.1B
+ Cash & Equivalents$71.5M
Firm Value$13.1B
- Debt$2.6B
Equity Value$10.6B
/ Shares Outstanding238,067,558B
DCF Value$44
UNDERVALUED BY 146%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$391.4M
$439.3M
$493.2M
$553.7M
$621.5M
$697.7M
$783.3M
$879.3M
$987.1M
$1.1B
Maintenance CapEx
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
Owner Earnings
$391.4M
$439.3M
$493.2M
$553.7M
$621.5M
$697.7M
$783.3M
$879.3M
$987.1M
$1.1B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$362.4M
$376.7M
$391.5M
$407.0M
$423.0M
$439.7M
$457.0M
$475.1M
$493.8M
$513.3M
Terminal Value represents 66.8% of Enterprise Value

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