1. South Africa Stocks

  2. •

    Health services

  3. •

    Hospital/Nursing management
Netcare Limited

Netcare Limited

1,728.00
ZAC
-24.00
(-1.37%)
1.93TMarket Cap
Nov 30Next Earn
Netcare Limited
JSE:NTC
(Johannesburg Stock Exchange)

Recent

price

1,728.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
ZAR
17.68
17.56
19.25
20.71
23.83
25.06
27.86
14.05
15.21
16.05
14.1
15.87
16.17
17.82
19.7
21.52
- -
Revenue per Share
1.11
1.26
-3.24
3.82
1.58
1.79
1.23
-0.4
3.59
1.78
0.29
0.55
0.73
0.96
1.12
1.37
- -
Basic EPS, GAAP
0.35
0.72
- -
- -
- -
- -
- -
- -
- -
-0.15
-1.49
0.87
0.36
0.28
0.27
0.67
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
3.19
3.98
0.69
5.37
6.47
7.64
7.51
6.09
7.13
7.09
6.83
7.43
7.66
7.95
8.24
8.58
8.71
Book Value per Share
-7.37
-7.91
-3.03
2.48
3.24
4.03
4.37
4.59
5.85
5.77
5.48
6.08
6.28
6.52
6.71
6.79
6.9
Tangible Book Value per Share
1,271
1,286
1,308
1,322
1,334
1,345
1,354
1,360
1,362
1,345
1,336
1,336
1,338
1,330
1,279
1,224
1,199
Basic Weighted Avg Shares
22,474
22,584
25,174
27,382
31,783
33,711
37,729
19,114
20,717
21,589
18,843
21,200
21,636
23,699
25,202
26,344
- -
Sales/Revenue/Turnover
16.5
16.14
15.14
10.95
10.24
11.06
10.94
17.43
16.83
17.43
7
10.68
11.38
12.06
13.35
14.32
- -
Operating Margin (%)
1,157
1,213
- -
- -
- -
- -
- -
- -
- -
748
1,152
1,157
1,197
1,272
1,332
1,353
- -
Depreciation Expense
1,460
1,617
-4,189
5,091
2,153
2,461
1,719
-493
4,940
2,447
446
769
1,013
1,321
1,499
1,743
- -
Net Income, GAAP
16.76
4.92
- -
11.25
27.65
27.73
44.56
27.07
40.4
26.18
39.86
35.37
31.55
26.07
27.64
28.26
- -
Effective Tax Rate (%)
6.5
7.16
-16.64
18.59
6.77
7.3
4.56
-2.58
23.85
11.33
2.37
3.63
4.68
5.57
5.95
6.62
- -
Profit Margin (%)
-1,955
-851
329
46
-259
194
556
493
1,042
228
1,033
-27
157
825
119
857
972
Working Capital
21,752
25,167
27,015
5,290
4,939
6,104
6,132
7,232
5,114
5,061
10,307
8,524
9,171
10,391
10,315
11,672
11,588
LT Debt
6,358
7,685
-1,020
10,415
12,172
14,281
13,009
8,862
10,415
10,235
9,799
10,589
10,944
11,041
10,972
10,988
10,938
Total Equity
9.21
10.14
- -
24.49
12.98
12.89
10.61
-9.15
6.82
16.77
4.94
6.31
7.3
8.99
9.81
10.88
- -
Return on Invested Capital (%)
9.88
9.24
- -
25.5
14.59
14.39
13.06
10.96
31.96
17.23
5.52
6.3
7.3
9.27
10.09
10.72
- -
Return on Capital (%)
34.26
35.06
-137.57
123.6
26.66
25.45
16.27
-5.95
54.27
24.85
4.2
7.66
9.66
12.33
13.9
16.39
- -
Return on Common Equity (%)

Capital Structure

ZAR

•

in mil. unless spec.
Mar'25
Sep'25
Mar'26
ST Debt
1,462
1,293
2,073
LT Borrowings
6,155
6,805
6,738
LT Finance Leases
4,631
4,867
4,850
Preferred Equity and Hybrid Capital
644
644
644
Shares Outstanding
1,219
1,192
1,166
Market Capitalization
16,051
16,924
19,269

Working Capital

ZAR

•

in mil. unless spec.
Mar'25
Sep'25
Mar'26
Total Current Assets
6,081
6,506
6,907
Cash, Cash Equivalents & STI
1,298
1,889
1,985
Accounts Receivable, Net
3,956
3,383
4,321
Inventories
760
520
538
Total Current Liabilities
5,304
5,649
5,935
Payables & Accruals
- -
- -
- -
ST Debt
1,462
1,293
2,073
Deferred Revenue
- -
- -
- -

Growth Rates

ZAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.74%
2.37%
0.15%
Free Cash Flow
- -
-22.52%
133.43%
Net Income, GAAP
-122.88%
32.86%
16.28%
Sales/Revenue/Turnover
-0.26%
7%
4.53%
Total Cash Common Dividend
- -
5.13%
-1.59%

Semi-annual Revenue

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
25,202
2025
- -
- -
26,344
2026
- -
- -
- -

Semi-annual Earnings Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.12
2025
- -
- -
1.37
2026
- -
- -
- -

Semi-annual Dividends Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -
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Business
Netcare Limited (NTC.JO) is a leading investment holding company that operates private hospitals and provides a comprehensive range of healthcare services in South Africa. The company offers acute hospital services through 49 hospitals with 9,827 beds and 11 day clinics; emergency medical services via Netcare 911 with 93 bases including helicopter ambulances, ICU ambulances and jet transfers; mental health care through Netcare Akeso comprising 14 facilities with 1,007 beds emphasizing dialectical behavioural therapy and a crisis line; cancer treatment at 9 radiation centres and 8 haematology centres; renal dialysis across 75 facilities with 1,013 stations via National Renal Care; primary care at 63 Netcare Medicross family medical and dental centres; occupational health and wellness services under 47 contracts and Lyra Southern Africa; diagnostic support including 228 point-of-care devices partnered with Dr Esihle Nomlomo Inc.; Netcare Education for nursing and emergency training serving over 51,659 students since 1999; and NetcarePlus prepaid products such as healthcare vouchers, all-inclusive procedures, gap cover, primary care insurance, BabyCare and EmergencyCare for accidents, trauma and medical illnesses covering 2.1 million lives; alongside institutional pharmacies and electronic medical records across its ecosystem. Netcare operates exclusively in South Africa with over 18,000 employees, targeting medical scheme members, corporates, uninsured households and international patients. Founded in 1996 and headquartered at 76 Maude Street, Sandton, the company completed Phase 1 of its digitization strategy in April 2024 by rolling out electronic medical records like CareOn across all facilities, generating R331 million in cash savings with an IRR over 23%; launched NetcarePlus gap cover, primary care insurance and EmergencyCare products in H2 2024 to extend access for 5-6 million uninsured households and enhance coverage for 9.1 million medical scheme beneficiaries; executed R1.6 billion in shareholder returns including R722 million share buybacks of 60.4 million shares and 70 cents total dividend; achieved five Phase 1 sites under its 100% renewable energy wheeling agreement with NOA reaching unconditional status in September 2024 for wind power delivery by September 2026 toward 2030 net-zero Scope 1 and 2 emissions; and won the Digital Innovation Award at the 2024 International Quality Awards for its EMR implementation.

Company News

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  • seekingalpha.com

    Netcare Limited (NWKHY) Q2 2026 Earnings Call Transcript