VTR VTR

Name: VTR Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored March 19, 2026

Price at analysis: $82.93

Crucible Score

48.2

C-

Quality × Value Composite

KQI — Quality

55.0

Fundamental Quality Index

KVI — Value

39.9

D-

Valuation Attractiveness Index

Crucible Verdict — VTR

VTR earns a weak C- score driven by poor value metrics despite decent quality fundamentals, with insider selling undermining confidence even as the company beats earnings 85% of the time. The stock trades near fair value at $83 versus a $85 base case, but the 90% performance-based compensation structure creates execution risk. Watch for management's ability to translate strong earnings consistency into sustainable value creation.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

47.3

Growth Profile

62.2

Moat Durability⚠

65.6

Management Effectiveness

47.4

Diversification & Resilience⚠

48.0

Market Position

53.0

Weakest dimension: Financial Quality (47.3)

◆ KVI Value Dimensions

DCF Margin of Safety

54.9

FCF Yield & Cash Returns

34.6

Relative Valuation

30.5

Growth-Adjusted Value

34.0

Historical Valuation

38.8

Macro Context

14.1

◆ DCF Valuation Scenarios

Bear Case

$58.42

Base Case

$84.67

Bull Case

$119.53

Price at Analysis

$82.93

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$58.42	6.0%	14.0%	9.0%
🟢 Base	$84.67	9.0%	15.5%	8.3%
🟢 Bull	$119.53	12.0%	17.5%	7.8%

Key Assumptions: VTR is a healthcare REIT with near-zero effective tax rates; FCF is derived from EBITDA less maintenance capex. Revenue grew from ~$3.8B to ~$5.8B over 5 years (~8.8% CAGR) driven by senior housing recovery post-COVID, with operating margins in the 9-14% range. WACC uses ERP of 5.75% reflecting healthcare REIT defensive characteristics; capex intensity averages ~5.8% of revenue historically, and terminal margins reflect stabilization of the senior housing portfolio at normalized occupancy levels.

◆ Financial Snapshot

Profitability

Gross Margin-5.9%

Operating Margin14.2%

Net Margin4.3%

ROIC3.1%

ROE3.4%

Balance Sheet

Balance SheetCR: 0.96

Cash ConversionFCF/EPS: 5.26x

Capital IntensityCapex/Rev: 6.2%

Altman Z-Score1.98 (Grey)

Piotroski F-Score6/9 (Good)

Growth

Revenue CAGR11.1% CAGR

Earnings CAGR-11.8% CAGR

Growth ConsistencyCV: 0.91

Segment Breadth1/2 growing (50%)

Quarterly TrendRev↑, Margin∆

Earnings CredibilityConsistent Beater

◆ Analyst Consensus & Leadership

Leadership & Governance

CEO Ownership< 1%

Compensation90% performance-based

Insider ActivitySelling

Capital AllocationROIC 3.1% vs WACC 3.7%

Earnings Beat Rate85% (19/22)

◆ Related Companies in Our Universe

Other Unknown companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted March 19, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.