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Third Age Health Services Limited
(TAH)
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Rating:70Outperform
Price Target:
$5.00
Action:N/A
Date:10/05/26
The score is driven primarily by strengthening financial performance (higher profitability, improving leverage, and generally supportive cash flow), partially offset by technical weakness with the stock below key moving averages and slightly negative momentum. Valuation is reasonable with a moderate dividend yield, providing additional support but not enough to outweigh the near-term technical backdrop.
Positive Factors
Accelerating revenue and profitability
The combination of accelerating revenue and sharply higher net and operating margins indicates stronger operating leverage and improved execution. If maintained, this broader earnings base can support reinvestment, strengthen resilience, and provide a durable foundation for growth over the next several quarters.
Negative Factors
Sharp gross-margin compression
The steep decline in gross margin introduces a meaningful question about the durability of recent profitability gains. If cost pressure or adverse service mix persists, it could reduce operating leverage, constrain reinvestment capacity, and make future earnings more volatile despite strong reported growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating revenue and profitability
The combination of accelerating revenue and sharply higher net and operating margins indicates stronger operating leverage and improved execution. If maintained, this broader earnings base can support reinvestment, strengthen resilience, and provide a durable foundation for growth over the next several quarters.
Read all positive factors
Third Age Health Services Limited (TAH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$45.49M
Dividend Yield3.6%
Average Volume (3M)750.00
Price to Earnings (P/E)16.1
Beta (1Y)-0.47
Revenue Growth17.86%
EPS Growth20.79%
CountryNZ
Employees14,357
SectorGeneral
Sector StrengthN/A
IndustryMedical - Care Facilities
Share Statistics
EPS (TTM)0.28
Shares Outstanding9,954,491
10 Day Avg. Volume1,413
30 Day Avg. Volume750
Financial Highlights & Ratios
PEG Ratio0.81
Price to Book (P/B)9.79
Price to Sales (P/S)2.20
P/FCF Ratio12.53
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Third Age Health Services Limited Business Overview & Revenue Model
Company Description
Third Age Health Services Limited, together with its subsidiaries, provides general practice health care services for older people living in retirement villages, private hospitals, and secure dementia units in New Zealand. The company offers aged ...
Third Age Health Services Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
67
Positive
Cash Flow
74
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 22.49M | 19.08M | 15.15M | 11.22M | 5.90M |
| Gross Profit | 6.85M | 9.90M | 7.62M | 6.04M | 3.69M |
| EBITDA | 5.70M | 4.49M | 2.79M | 1.83M | 1.73M |
| Net Income | 2.83M | 2.34M | 1.40M | 439.00K | 1.17M |
Balance Sheet | |||||
| Total Assets | 13.21M | 10.96M | 9.72M | 10.04M | 4.86M |
| Cash, Cash Equivalents and Short-Term Investments | 2.90M | 2.59M | 1.70M | 1.35M | 1.12M |
| Total Debt | 3.35M | 3.57M | 4.05M | 5.38M | 1.09M |
| Total Liabilities | 7.70M | 6.99M | 6.80M | 7.50M | 2.16M |
| Stockholders Equity | 5.05M | 3.84M | 2.96M | 2.55M | 2.70M |
Cash Flow | |||||
| Free Cash Flow | 3.95M | 3.55M | 2.53M | 734.00K | 1.04M |
| Operating Cash Flow | 4.03M | 3.70M | 2.68M | 788.00K | 1.04M |
| Investing Cash Flow | -1.54M | -724.00K | -149.00K | -2.06M | -970.00K |
| Financing Cash Flow | -2.18M | -2.08M | -2.19M | 1.50M | -775.00K |
Third Age Health Services Limited Technical Analysis
Negative
―
Price Trends
4.63
Negative
4.61
Negative
4.78
Negative
Market Momentum
-0.03
Positive
39.27
Neutral
21.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NZ:TAH, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 4.63, equal to the 50-day MA of 4.63, and equal to the 200-day MA of 4.78, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 39.27 is Neutral, neither overbought nor oversold. The STOCH value of 21.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NZ:TAH.
Third Age Health Services Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $45.49M | 16.07 | ― | 3.60% | 17.86% | 20.79% | |
66 Neutral | $1.76B | 5.65 | 8.89% | 2.43% | 14.09% | -18.30% | |
63 Neutral | $34.15M | 0.03 | ― | ― | 29.55% | -11.97% | |
56 Neutral | $1.83B | -10.88 | -4.17% | 3.15% | 11.86% | 72.99% | |
56 Neutral | $114.80M | 12.16 | ― | 4.23% | 14.16% | 34.82% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | $514.20M | 3,525.00 | 0.02% | 4.16% | 2.52% | -99.52% |
* General Sector Average
NZ:TAH
Third Age Health Services Limited
4.46
0.02
0.50%
NZ:OCA
Oceania Healthcare
0.70
>-0.01
-0.71%
NZ:RYM
Ryman Healthcare
1.80
-0.91
-33.52%
NZ:SUM
Summerset Group Holdings Limited
7.04
-3.88
-35.51%
NZ:PHL
Promisia Healthcare Limited
0.65
0.22
50.00%
NZ:RAD
Radius Residential Care Ltd
0.40
0.07
19.76%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.