One Health Group PLC - Initiation of Coverage by SEAL Advisors
RNS Number : 4654M
One Health Group PLC
12 January 2023

Thursday 12th January 2023


One Health Group plc ("OHG")

SEAL Advisors is pleased to announce the publication of an Initiation of Coverage briefing note on One Health Group plc (OHGR.AQSE)

Founded in 2004, One Health Group is a leading provider of NHS-funded medical procedures to GP referred patients based in England. It is a profitable, growing and cash generative business that provides high quality NHS-funded services at zero cost at the point of delivery and on a tariff set by the NHS. We expect the opening of two new surgical hubs to enhance the growth of its existing business to deliver a five-year group CAGR of 16% and 28% in revenue and earnings respectively.

• One Health operates out of 30 health clinics based in the Midlands and the North of England and utilises over 100 NHS consultants

• It focuses in areas where demand is high, service provision is unmet and where the level of private medical insurance cover is low

• Its currently provides NHS funded medical procedures in orthopaedics, spine, gynaecology and general surgery

• In the ten years to 2020, One Health grew sales at a CAGR of 18.4% to reach a peak of £20.8 million and is expected to grow to over £37 million by 2027

• On the basis of our current forecasts, One Health Group trades on an undemanding March 2023 PE of 14.9 and EV/sales of 0.7x

• Following the completion of its IPO at the end of November 2022, we initiate coverage with a DCF based valuation range for the company of between £27million and £39 million

The report is available HERE.

The report has been sponsored by OHG and does not constitute independent investment research under FCA Handbook rules. No investment activity in OHG's securities is being invited or induced by the publication of this report.

About SEAL Advisors

SEAL provides specialist research services for companies, investment institutions and the legal services industry. All of SEAL's research is bespoke and tailored to the individual needs of clients. SEAL produces macroeconomic, thematic and issuer-sponsored research. In addition, SEAL provides advice on all aspects of ESG.

For more information see:




SEAL Advisors (a trading name of Scott Evans Associates Ltd) is an appointed representative of Messels Ltd which is authorised and regulated by the Financial Conduct Authority

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.