sign up log in
Want to go ad-free? Find out how, here.

SUM - Summerset Group profile

This is a basic profile of an NZX50 listed company. It is not investment advice. We recommend you contact a qualified adviser if you need more information.

Summerset Group 

Directory

NZX code: SUM
Short name: Summerset Group
Legal name: Summerset Group Holdings Limited
Industry sector: Aged care service provider
NZX50 rank: 14 of 50
Head office address: Level 27, Majestic Centre, 100 Willis Street, Wellington, New Zealand
Chairman: Mark Verbiest
Chief executive: Julian Cook
Financial year ended: December
Locations: New Zealand
Auditor: EY
Bankers: ANZ, BNZ, NAB, CBA, ICBC, Westpac

[back to full list]

Summerset Group Holdings

Select chart tabs

SUM capitalisation
Source:
SUM rank in NZX50
Source:
SUM share price
Source:
SUM % change to capitalisation
Source:
SUM $mln change to capitalisation
Source:

Financial statement history
 

A. Recent trading and performance summary:

  Total
revenue
NPAT Earnings
per share
fye Dec mln mln cents
2016 $86.1 $68.8 66.9
2017 $110.5 $240.0 109.8
2018 $137.0 $214.5 97.1
2019 $153.9 $175.3 78.6
2020 $172.4 $230.8 102.3

[back to full list]

B. Recent financial position summary:

  Total
assets
Total
Liabilities
Equity
ratio
fye Dec bln bln %
2016 $1.71 $1.16 32.2
2017 $2.23 $1.45 35.0
2018 $2.77 $1.79 35.4
2019 $3.34 $2.21 33.8
2020 $3.89 $2.54 34.7

[back to full list]

C. Recent cash flows and positions:

  Cash
inflows
Cash
outflows
Cash and equiv. 
at year end
fye Dec mln mln mln
2016 $201.8 $199.9 $8.7
2017 $256.4 $257.5 $7.6
2018 $290.3 $290.4 $7.5
2019 $341.4 $327.4 $21.5
2020 $313.1 $318.8 $15.8

[back to full list]

D. Recent key ratio analysis:

  Earnings
per share
Price:Earnings
ratio
NTA/share Dividend
yield
fye Dec cents annual avg dollars annual avg %
2016 66.9 7.0 2.50 1.65
2017 109.8 5.0 3.57 2.00
2018 97.1 6.6 4.40 2.07
2019 78.6 11.3 5.05 1.58
2020 102.3 12.3 5.98 1.04

[back to full list]

 

Description of trading activities 

Summerset has grown to become one of New Zealand's largest and most respected operators in the retirement and care sector. They have 29 retirement villages around the country, with more than 6,000 people in these homes.

[back to full list]

CEO profile

Scott became the CEO of Summerset Group in later 2021. Prior to this he was the company's Chief Financial Officer since 2014. Before joining Summerset, Scott held CFO roles at both Housing New Zealand and Inland Revenue. He holds a number of awards, one of such is the CFO of the Year in 2019.


Chairman profile

Mark Verbiest is a lawyer with many years of experience in private practice as a partner of a large national law firm. He then moved onto an executive role with Telecom New Zealand. As of now, he is Chair of Meridian Energy and Freightways. He was previously the Chair of Spark, Transpower NZ and other companies.


Links:

Company website: https://www.summerset.co.nz/
Investor information: https://www.summerset.co.nz/investor-centre/
NZX listing: https://www.nzx.com/companies/SUM
Annual reports: https://www.summerset.co.nz/investor-centre/reports-and-presentations/

[back to full list]