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Netcare Limited (NTC.JO)

ZAc1,870.00 -10.00 (-0.53%)
ZA JNB Healthcare Medical - Care Facilities
Address 76 Maude Street 2196
Sandton, ZA
CEO Richard Harold Friedland BvSc Man
IPO 2000-01-04
ISIN ZAE000011953

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Also trades on Johannesburg Stock Exchange · NTC.JO (ZAc) Other OTC · NWKHY (USD)
Description

Netcare Limited, an investment holding company with its headquarters in Sandton, South Africa, is a prominent operator of private hospitals across the country. The organization's activities are divided into two main segments: Hospital and Emergency Services, and Primary Care. The Hospital and Emergency Services division oversees the company's network of private acute care hospitals, day clinics, and pharmaceutical operations. This segment also provides a range of non-acute services, including emergency medical response, the management of private mental health clinics, and specialized cancer care. Additionally, it offers various healthcare products and vouchers. The Primary Care segment is focused on delivering general healthcare services, employee health and wellness programs, and administrative support for medical and dental practices. Netcare boasts an extensive healthcare infrastructure throughout South Africa, which includes 51 private hospitals, two public-private partnership hospitals, and a total capacity of 10,605 registered beds. Its specialized facilities encompass 10 cancer care centers, 422 operating theaters, and 63 renal dialysis units featuring 860 stations. The primary care network consists of 95 centers and 15 Medicross day theaters, alongside 79 Netcare 911 emergency sites. The company further operates 7 training campuses and 12 mental health and psychiatric clinics, providing 841 beds. Netcare Limited was founded in 1996.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
ZAc1,870.00 -10.00 (-0.53%)
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Volume Profile
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Liquidity & share structure
Average Volume
3M
Beta
0.26
Float Shares
1.17B
Free Float %
98.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+7.14% +11.66% +5.14% +7.46% +18.11% +13.71% +25.09% +26.32% +20.48% -44.44% -78.05%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (1 ratings, all time) Hold
Price Targets & DCF
Current price
1,870.00
DCF (Unlevered) 6,082.06 +225.2%
DCF (Levered) 3,419.27 +82.8%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 80% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 3 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.77
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Medical - Care Facilities: +10.2%
    +4.5% Q1'26: +10.4% (vs Q1'24)
  • EPS growth Medical - Care Facilities: +19.2%
    +22.0% Q1'26: -27.8% (vs Q1'24)
  • FCF margin FCF growth · Medical - Care Facilities: +32.0%
    +8.0% Q1'26: +3.5% (vs Q1'24)
  • EBIT margin Medical - Care Facilities: +11.3%
    +14.2% Q1'26: +11.1% (vs Q1'24)
  • ROIC Medical - Care Facilities: +6.8%
    +12.2% Q1'26: +18.7% (vs Q1'24)
  • Share dilution Medical - Care Facilities: +0.0%
    -4.0% Q1'26: -7.9% (vs Q1'24)
  • Debt / EBITDA Net debt/EBITDA · Medical - Care Facilities: 0.99×
    2.55× Q1'26: 1.56× (vs Q1'24)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.27) × ERP
WACC = 63% × Ke + 37% × Kd (9.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 6,082.06 Current price: 1,870.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Sep 2015
actual
Sep 2016
actual
Sep 2017
actual
Sep 2018
actual
Sep 2019
actual
Sep 2020
actual
Sep 2021
actual
Sep 2022
actual
Sep 2023
actual
Sep 2024
actual
Sep 2025
actual
Sep 2026
5 Rev. Ana.
1 EPS Ana.
Sep 2027
5 Rev. Ana.
3 EPS Ana.
Sep 2028
4 Rev. Ana.
2 EPS Ana.
Revenue
33.71B
est: 34.04B (-1.0%)
37.73B
est: 37.54B (+0.5%)
19.11B
est: 34.73B (-45.0%)
20.72B
est: 21.46B (-3.5%)
21.59B
est: 21.76B (-0.8%)
18.84B
est: 19.19B (-1.8%)
21.20B
est: 20.91B (+1.4%)
21.64B
est: 22.21B (-2.6%)
23.70B
est: 24.20B (-2.1%)
25.20B
est: 25.05B (+0.6%)
26.34B
est: 26.58B (-0.9%)
27.54B
27.50B – 27.63B
+3.6% YoY
28.73B
28.58B – 29.00B
+4.3% YoY
30.02B
29.99B – 30.05B
+4.5% YoY
EBITDA
3.97B
est: 5.87B (-32.4%)
3.78B
est: 6.47B (-41.7%)
4.49B
est: 5.99B (-25.1%)
2.89B
est: 3.70B (-22.0%)
4.63B
est: 3.75B (+23.4%)
2.86B
est: 3.31B (-13.5%)
3.18B
est: 3.61B (-11.9%)
3.54B
est: 3.83B (-7.7%)
4.08B
est: 4.17B (-2.2%)
4.63B
est: 4.32B (+7.0%)
5.09B
est: 4.58B (+11.1%)
4.75B
4.74B – 4.77B
+3.6% YoY
4.96B
4.93B – 5.00B
+4.3% YoY
5.18B
5.17B – 5.18B
+4.5% YoY
EBIT
3.97B
est: 4.05B (-2.0%)
2.54B
est: 4.46B (-43.2%)
3.93B
est: 4.13B (-4.8%)
2.24B
est: 2.55B (-12.4%)
3.96B
est: 2.59B (+53.0%)
1.71B
est: 2.28B (-25.1%)
2.02B
est: 2.49B (-18.8%)
2.36B
est: 2.64B (-10.6%)
2.81B
est: 2.88B (-2.4%)
3.29B
est: 2.98B (+10.5%)
3.74B
est: 3.16B (+18.4%)
3.28B
3.27B – 3.29B
+3.6% YoY
3.42B
3.40B – 3.45B
+4.3% YoY
3.57B
3.57B – 3.57B
+4.5% YoY
Net Income
2.46B
est: 2.33B (+5.7%)
1.72B
est: 2.38B (-27.8%)
4.71B
est: 2.07B (+127.9%)
1.13B
est: 2.03B (-44.0%)
2.45B
est: 2.03B (+20.8%)
446.00M
est: 875.15M (-49.0%)
769.00M
est: 840.20M (-8.5%)
1.01B
est: 1.04B (-3.0%)
1.26B
est: 1.22B (+2.8%)
1.50B
est: 1.45B (+3.5%)
1.74B
est: 1.66B (+5.3%)
1.86B
1.85B – 1.87B
+12.2% YoY
2.04B
1.96B – 2.13B
+9.9% YoY
2.42B
2.37B – 2.46B
+18.4% YoY
SGA
11.63B
est: 13.32B (-12.7%)
12.87B
est: 14.69B (-12.4%)
6.62B
est: 13.59B (-51.3%)
7.42B
est: 8.40B (-11.7%)
7.74B
est: 8.51B (-9.1%)
7.75B
est: 7.51B (+3.2%)
8.52B
est: 8.19B (+4.1%)
8.57B
est: 8.69B (-1.4%)
9.37B
est: 9.47B (-1.0%)
9.64B
est: 9.80B (-1.7%)
10.04B
est: 10.40B (-3.5%)
10.78B
10.76B – 10.81B
+3.6% YoY
11.24B
11.18B – 11.35B
+4.3% YoY
11.75B
11.74B – 11.76B
+4.5% YoY
EPS
1.79
est: 1.87 (-4.2%)
1.22
est: 1.91 (-36.2%)
3.46
est: 1.66 (+108.6%)
0.83
est: 1.63 (-49.0%)
1.77
est: 1.63 (+8.9%)
0.28
est: 0.70 (-60.1%)
0.55
est: 0.67 (-18.4%)
0.72
est: 0.84 (-14.0%)
0.96
est: 0.98 (-2.0%)
1.10
est: 1.16 (-5.2%)
1.35
est: 1.33 (+1.9%)
1.49
1.48 – 1.50
+12.3% YoY
1.66
1.57 – 1.71
+11.4% YoY
1.94
1.90 – 1.98
+17.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-25 A 4/5 5/5 5/5 5/5 1/5 3/5 3/5
2026-05-22 A- 4/5 5/5 4/5 5/5 1/5 3/5 3/5
2026-05-21 A 4/5 5/5 5/5 5/5 1/5 3/5 3/5
2026-05-20 A 4/5 5/5 5/5 5/5 1/5 3/5 3/5
2026-05-19 A 4/5 5/5 5/5 5/5 1/5 3/5 3/5
2026-05-18 A 4/5 5/5 5/5 5/5 1/5 3/5 3/5
2026-05-15 A 4/5 5/5 5/5 5/5 1/5 3/5 4/5
2026-05-14 A 4/5 5/5 5/5 5/5 1/5 3/5 4/5
2026-05-13 A 4/5 5/5 4/5 5/5 1/5 3/5 4/5
2026-05-12 A 4/5 5/5 4/5 5/5 1/5 3/5 4/5
2026-05-11 A- 4/5 5/5 4/5 4/5 1/5 3/5 4/5
2026-05-08 A- 4/5 5/5 4/5 4/5 1/5 3/5 4/5
2026-05-07 A- 4/5 5/5 4/5 4/5 1/5 3/5 4/5
2026-05-06 A- 4/5 5/5 4/5 4/5 1/5 3/5 4/5
2026-05-05 A 4/5 5/5 4/5 4/5 1/5 4/5 4/5
2026-05-04 A 4/5 5/5 4/5 4/5 1/5 4/5 4/5
2026-04-30 A 4/5 5/5 4/5 5/5 1/5 4/5 4/5
2026-04-29 A 4/5 5/5 4/5 5/5 1/5 4/5 4/5
2026-04-28 A 4/5 5/5 4/5 5/5 1/5 4/5 4/5
2026-04-24 A 4/5 5/5 4/5 5/5 1/5 3/5 4/5
2026-04-23 A 4/5 5/5 4/5 5/5 1/5 3/5 4/5
2026-04-22 A 4/5 5/5 4/5 5/5 1/5 3/5 4/5
2026-04-21 A 4/5 5/5 4/5 5/5 1/5 3/5 4/5
2026-04-20 A 4/5 5/5 4/5 5/5 1/5 3/5 4/5
2026-04-17 A 4/5 5/5 4/5 5/5 1/5 3/5 4/5
2026-04-16 A 4/5 5/5 4/5 5/5 1/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
8.26B
OE per share TTM
6.59
Owner's Yield
38.01%
Maintenance CapEx ratio
58.82%
Maint CapEx / Avg PPE
75.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 67 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
207.8K
Shares Outstanding
1.19B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Richard Harold Friedland BvSc Man Group Chief Executive Officer & Executive Director 16M
Keith N. Gibson Group Chief Financial Officer & Executive Director 10M male
Craig Grindell Managing Director of Netcare 911 6M male
Erich Bock Managing Director of Hospital Division 6M
Teshlin Akaloo Managing Director of Innovative Products 5M male
Sara Nayager Managing Director of Primary Care 3M female
Travis Dewing Chief Information Officer male
Gershon Venkatasamy Chief data & AI officer
Nceba Ndzwayiba Group HR & Transformation Director
Charles Vikisi Group Company Secretary & General Counsel male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits