|
End-of-day quote
Johannesburg S.E.
17/09/2026
|
5-day change | 1st Jan Change | ||
| 18.10 ZAR | +0.78% |
|
+0.17% | +14.34% |
| 25/05 | Netcare Limited, H1 2026 Earnings Call, May 25, 2026 | |
| 25/05 | Netcare Limited Reports Earnings Results for the Half Year Ended March 31, 2026 | CI |
Projected Income Statement: Netcare Limited
| Fiscal Period: September | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 21,200 | 21,636 | 23,699 | 25,202 | 26,344 | 27,580 | 28,822 | 30,134 |
| Change | - | 2.06% | 9.54% | 6.34% | 4.53% | 4.69% | 4.5% | 4.55% |
| EBITDA 1 | 3,244 | 3,485 | 3,990 | 4,491 | 4,928 | 5,246 | 5,547 | 5,879 |
| Change | - | 7.43% | 14.49% | 12.56% | 9.73% | 6.45% | 5.74% | 5.99% |
| EBIT 1 | 2,076 | 2,282 | 2,716 | 3,159 | 3,575 | 3,846 | 4,128 | 4,452 |
| Change | - | 9.92% | 19.02% | 16.31% | 13.17% | 7.59% | 7.31% | 7.86% |
| Interest Paid 1 | -1,019 | -885 | -920 | -1,064 | -1,085 | -1,088 | -1,048 | -819 |
| Earnings before Tax (EBT) 1 | 1,176 | 1,534 | 1,807 | 2,138 | 2,523 | 2,836 | 3,157 | 3,598 |
| Change | - | 30.44% | 17.8% | 18.32% | 18.01% | 12.42% | 11.28% | 14% |
| Net income 1 | 769 | 1,013 | 1,321 | 1,436 | 1,681 | 1,958 | 2,158 | 2,494 |
| Change | - | 31.73% | 30.4% | 8.71% | 17.06% | 16.47% | 10.23% | 15.57% |
| Announcement Date | 22/11/21 | 21/11/22 | 21/11/23 | 22/11/24 | 24/11/25 | - | - | - |
Forecast Balance Sheet: Netcare Limited
| Fiscal Period: September | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 9,423 | 9,359 | 10,020 | 10,847 | 11,076 | 11,353 | 11,011 | 10,478 |
| Change | - | -0.68% | 7.06% | 8.25% | 2.11% | 2.5% | -3.01% | -4.84% |
| Announcement Date | 22/11/21 | 21/11/22 | 21/11/23 | 22/11/24 | 24/11/25 | - | - | - |
Cash Flow Forecast: Netcare Limited
| Fiscal Period: September | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
| CAPEX 1 | 1,132 | 1,396 | 1,507 | 1,519 | 1,630 | 1,938 | 1,691 | 567 |
| Change | - | 23.32% | 7.95% | 0.8% | 7.31% | 18.87% | -12.72% | -66.47% |
| Free Cash Flow (FCF) 1 | 1,173 | 488 | 373 | 350 | 817 | 1,438 | 2,134 | 2,165 |
| Change | - | -58.4% | -23.57% | -6.17% | 133.43% | 76.07% | 48.38% | 1.43% |
| Announcement Date | 22/11/21 | 21/11/22 | 21/11/23 | 22/11/24 | 24/11/25 | - | - | - |
Forecast Financial Ratios: Netcare Limited
| Fiscal Period: September | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|
Profitability | ||||||||
| EBITDA Margin (%) | 15.3% | 16.11% | 16.84% | 17.82% | 18.71% | 19.02% | 19.24% | 19.51% |
| EBIT Margin (%) | 9.79% | 10.55% | 11.46% | 12.53% | 13.57% | 13.95% | 14.32% | 14.77% |
| EBT Margin (%) | 5.55% | 7.09% | 7.62% | 8.48% | 9.58% | 10.28% | 10.95% | 11.94% |
| Net margin (%) | 3.63% | 4.68% | 5.57% | 5.7% | 6.38% | 7.1% | 7.49% | 8.28% |
| FCF margin (%) | 5.53% | 2.26% | 1.57% | 1.39% | 3.1% | 5.22% | 7.41% | 7.18% |
| FCF / Net Income (%) | 152.54% | 48.17% | 28.24% | 24.37% | 48.6% | 73.47% | 98.91% | 86.8% |
Profitability | ||||||||
| ROA | - | 3.9% | 4.89% | 5.34% | 5.84% | 6.13% | 6.08% | - |
| ROE | 8.07% | 11.03% | 12.06% | 13.66% | 15.42% | 16.87% | 17.27% | 15.88% |
Financial Health | ||||||||
| Leverage (Debt/EBITDA) | 2.9x | 2.69x | 2.51x | 2.42x | 2.25x | 2.16x | 1.99x | 1.78x |
| Debt / Free cash flow | 8.03x | 19.18x | 26.86x | 30.99x | 13.56x | 7.89x | 5.16x | 4.84x |
Capital Intensity | ||||||||
| CAPEX / Current Assets (%) | 5.34% | 6.45% | 6.36% | 6.03% | 6.19% | 7.02% | 5.87% | 1.88% |
| CAPEX / EBITDA (%) | 34.9% | 40.06% | 37.77% | 33.82% | 33.08% | 36.93% | 30.49% | 9.64% |
| CAPEX / FCF (%) | 96.5% | 286.07% | 404.02% | 434% | 199.51% | 134.69% | 79.22% | 26.19% |
Items per share | ||||||||
| Cash flow per share 1 | 1.715 | 1.398 | 1.398 | 1.44 | 1.964 | 2.318 | 2.567 | 2.839 |
| Change | - | -18.51% | 0.03% | 3% | 36.39% | 18.01% | 10.74% | 10.6% |
| Dividend per Share 1 | 0.34 | 0.5 | 0.65 | 0.7 | 0.85 | 0.971 | 1.088 | 1.217 |
| Change | - | 47.06% | 30% | 7.69% | 21.43% | 14.24% | 12.03% | 11.84% |
| Book Value Per Share 1 | 7.429 | 7.656 | 8.441 | 8.753 | 9.121 | 8.977 | 9.73 | 10.94 |
| Change | - | 3.06% | 10.25% | 3.7% | 4.2% | -1.58% | 8.39% | 12.38% |
| EPS 1 | 0.543 | 0.717 | 0.935 | 1.089 | 1.329 | 1.549 | 1.743 | 1.987 |
| Change | - | 32.04% | 30.4% | 16.47% | 22.04% | 16.54% | 12.54% | 14% |
| Nbr of stocks (in thousands) | 1,335,547 | 1,337,000 | 1,331,000 | 1,248,047 | 1,218,789 | 1,177,000 | 1,177,000 | 1,177,000 |
| Announcement Date | 22/11/21 | 21/11/22 | 21/11/23 | 22/11/24 | 24/11/25 | - | - | - |
| 2026 * | 2027 * | |
|---|---|---|
| P/E | 11.7x | 10.4x |
| PBR | 2.02x | 1.86x |
| EV / Sales | 1.18x | 1.12x |
| Yield | 5.36% | 6.01% |
EPS & Dividend
Y-o-Y evolution of P/E
Year-on-year evolution of the Yield
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