The All Ordinaries Index (ASX: XAO) has gained a healthy 13.3% over the past year, but this ASX All Ords share has quietly left those gains wanting.
The under-the-radar company in question is Regis Healthcare Ltd (ASX: REG).
Twelve months ago you could have snapped up shares in the ASX All Ords residential aged care provider for $2.52. In afternoon trade today, shares are swapping hands for $5.74 apiece.
This sees the Regis Healthcare share price up a whopping 127.8%. And that doesn't include the two partly franked dividends the company paid out over this time.
Over the past twelve months, the ASX All Ords shares has paid out 12.9 cents per share in dividends, franked at 50%.
If we add that back into the current share price of $5.74, then the accumulated value of Regis Healthcare shares bought one year ago has gained an even more impressive 132.9%. Or enough to turn a $5,000 investment into $11,645.
Yet many ASX investors have never heard of this quiet outperformer.
Here's what's been driving enthusiasm among those who have.
What's sending this ASX All Ords share soaring?
As you can see on the chart above, the Regis Healthcare share price has been in a strong uptrend for almost all of the past 12 months.
Back in November, the ASX All Ords share reaffirmed its growth ambitions when it entered into a binding agreement to acquire CPSM Pty Ltd.
Regis paid $74.2 million for the privately-owned residential aged care provider. The acquisition added five high-quality residential aged care homes with 644 beds, all located in southeast Queensland.
"This transaction is consistent with our strategy to broaden our residential aged care footprint through the acquisition of premium homes," Regis CEO Linda Mellors said at the time.
When Regis Healthcare reported its full-year financial results (FY 2024) on 26 August, the company noted the successful integration of the new homes, with an average occupancy of 97%.
Other highlights from the ASX All Ords share's FY 2024 results included a 30% year on year increase in revenue to $1.01 billion. And net profit before amortisation was up 25% from FY 2023 to $35.6 million
Now what?
As for what's next, Regis remains on the growth path, with its new 112-bed residential aged care home in Melbourne scheduled to open its doors in late 2024.
The ASX All Ords share also sounded a bullish note on Australia's demographics alongside government support for the industry.
According to management:
Regis continues to adapt to a rapidly changing regulatory environment and expects to benefit over time from the ageing population, improved workforce availability, additional government funding and strategic growth initiatives.
