LTC Properties, Inc. (LTC) vs Omega Healthcare Investors, Inc. (OHI)

LTC Properties, Inc. and Omega Healthcare Investors, Inc. are both Reit Healthcare Facilities companies. Omega Healthcare Investors, Inc. is the larger, with a market value of $13.4B against $2.3B — 5.9× the size. LTC Properties, Inc. trades at the lower P/E: 15.5× against 15.7×. LTC Properties, Inc. grew revenue faster over the last twelve months: 59.8% against 15.0%. Omega Healthcare Investors, Inc. has the higher net margin (68.5% vs 38.7%) and the higher return on invested capital (9.08% vs 4.16%). Both pay a dividend; LTC Properties, Inc. yields more (6.71% vs 6.05%). Across the 21 metrics below, Omega Healthcare Investors, Inc. leads on 12 and LTC Properties, Inc. on 9.

Valuation

Metric LTC OHI Reit Healthcare Facilities median
P/E 15.50 15.70 22.66
P/S 6.33 10.36 5.18
P/B 1.64 2.35 1.80
Price to free cash flow n/m 15.96 17.10
EV/EBITDA 15.88 11.59 15.38
EV/Sales 8.45 10.22 8.25
Earnings yield 6.45% 6.37% 2.78%
Free cash flow yield (15.15%) 6.27% 3.52%

Profitability

Metric LTC OHI Reit Healthcare Facilities median
Gross margin 100.00% 100.00% 92.10%
Operating margin 39.78% 61.94% 21.06%
Net margin 38.73% 68.52% 10.19%
Free cash flow margin (95.93%) 64.92% 7.91%
Return on equity 11.29% 16.22% 4.06%
Return on assets 6.78% 8.54% 2.10%
Return on invested capital 4.16% 9.08% 1.96%

Growth

Metric LTC OHI Reit Healthcare Facilities median
Revenue growth (TTM) 59.83% 15.02% 15.71%
EPS growth (last fiscal year) 23.53% 25.16% 23.38%
Revenue growth, 5-year CAGR 10.53% 5.93% 9.60%
Net income growth, 5-year CAGR 4.33% 29.99% 0.00%

Health

Metric LTC OHI Reit Healthcare Facilities median
Debt to equity 0.58 0.00 0.84
Current ratio 8.60 6.03 3.05
Net debt to EBITDA 5.26 4.03 5.50

Dividend

Metric LTC OHI Reit Healthcare Facilities median
Dividend yield 6.71% 6.05% 5.71%
Payout ratio 1.05 0.96 1.41

Size

Metric LTC OHI Reit Healthcare Facilities median
Market cap 2.27b 13.37b 3.99b

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