Healius Future Growth

Future criteria checks 2/6

Healius's revenue and earnings are forecast to decline at 3.5% and 1.6% per annum respectively. EPS is expected to grow by 32% per annum. Return on equity is forecast to be 2.2% in 3 years.

Key information

-1.6%

Earnings growth rate

32.0%

EPS growth rate

Healthcare earnings growth	18.2%
Revenue growth rate	-3.5%
Future return on equity	2.2%
Analyst coverage	Good
Last updated	24 Apr 2025

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

ASX:HLS - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	1,481	25	267	277	11
6/30/2026	1,415	14	246	249	12
6/30/2025	1,349	241	291	319	8
12/31/2024	1,788	-32	283	339	N/A
9/30/2024	1,767	-334	243	303	N/A
6/30/2024	1,746	-636	203	267	N/A
12/31/2023	1,464	-998	217	284	N/A
9/30/2023	1,585	-689	237	309	N/A
6/30/2023	1,707	-380	257	333	N/A
12/31/2022	1,839	35	313	407	N/A
9/30/2022	2,064	164	403	497	N/A
6/30/2022	2,289	292	493	587	N/A
12/31/2021	2,292	226	549	624	N/A
9/30/2021	2,103	146	506	575	N/A
6/30/2021	1,914	66	464	526	N/A
3/31/2021	1,802	75	460	512	N/A
12/31/2020	1,690	83	456	497	N/A
9/30/2020	1,630	83	395	452	N/A
6/30/2020	1,570	83	333	407	N/A
12/31/2019	1,502	110	99	233	N/A
9/30/2019	1,534	83	49	180	N/A
6/30/2019	1,566	57	-2	128	N/A
3/31/2019	1,785	29	23	140	N/A
12/31/2018	1,752	2	48	153	N/A
9/30/2018	1,728	3	N/A	177	N/A
6/30/2018	1,705	4	N/A	202	N/A
3/31/2018	1,694	-256	N/A	215	N/A
12/31/2017	1,683	-516	N/A	227	N/A
9/30/2017	1,671	-516	N/A	220	N/A
6/30/2017	1,659	-517	N/A	212	N/A
3/31/2017	1,648	-260	N/A	219	N/A
12/31/2016	1,637	-3	N/A	227	N/A
9/30/2016	1,639	18	N/A	256	N/A
6/30/2016	1,642	38	N/A	285	N/A
12/31/2015	1,595	126	N/A	270	N/A
9/30/2015	1,587	121	N/A	255	N/A
6/30/2015	1,580	117	N/A	239	N/A
3/31/2015	1,596	127	N/A	256	N/A
12/31/2014	1,572	118	N/A	271	N/A
9/30/2014	1,548	116	N/A	266	N/A
6/30/2014	1,524	115	N/A	261	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HLS's earnings are forecast to decline over the next 3 years (-1.6% per year).

Earnings vs Market: HLS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: HLS is expected to become profitable in the next 3 years.

Revenue vs Market: HLS's revenue is expected to decline over the next 3 years (-3.5% per year).

High Growth Revenue: HLS's revenue is forecast to decline over the next 3 years (-3.5% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: HLS's Return on Equity is forecast to be low in 3 years time (2.2%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/04 04:36
End of Day Share Price	2025/05/02 00:00
Earnings	2024/12/31
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Healius Limited is covered by 27 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Dennis Hulme	APP Securities Pty Ltd.
Saul Hadassin	Barrenjoey Markets Pty Limited
Benjamin Brayshaw	Barrenjoey Markets Pty Limited

Healius Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target increased by 14% to AU$1.77

Price target increased by 8.4% to AU$1.68

Price target increased by 7.5% to AU$1.51

Consensus EPS estimates fall by 37%

Consensus EPS estimates fall by 37%

Consensus EPS estimates increase by 34%

Recent updates

Affinity Equity Partners (Australia) Pty Limited completed the acquisition of Lumus Imaging from Healius Limited (ASX:HLS).

New major risk - Revenue and earnings growth

We Think Healius (ASX:HLS) Is Taking Some Risk With Its Debt

First half 2025 earnings released: AU$0.056 loss per share (vs AU$1.08 loss in 1H 2024)

Healius Limited Announces Board and Executive Changes

Healius Limited to Report First Half, 2025 Results on Feb 20, 2025

High number of new directors

Healius Limited Announces Board Changes, Effective 1 December 2024

Price target increased by 14% to AU$1.77

Affinity Equity Partners (Australia) Pty Limited entered into a binding agreement to acquire Lumus Imaging from Healius Limited (ASX:HLS) for enterprise value of AUD 965 million.

Price target increased by 8.4% to AU$1.68

Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Healius Limited, Annual General Meeting, Nov 15, 2024

Price target increased by 7.5% to AU$1.51

Full year 2024 earnings: Revenues exceed analyst expectations

TPG Capital, PEP Reportedly Still Competing for Healius Lumus Imaging

Final Bids Reportedly Expected for Healius

Healius Limited Announces Step Down of Ravi Jeyaraj as Non-Executive Director, Effective 2 August 2024

Macquarie Unit Reportedly in Healius Race

Healius Limited to Report Fiscal Year 2024 Results on Aug 21, 2024

Sonic in the Running for Healius Imaging Business

Private Equity Reportedly Eyes Healius Diagnostic Imaging Unit

High number of new directors

Healius Limited to Report First Half, 2024 Results on Feb 27, 2024

Australian Clinical Labs Limited (ASX:ACL) cancelled the acquisition of Healius Limited (ASX:HLS) from Tanarra Capital Australia Pty Ltd, Perpetual Investment Management Ltd and others.

New minor risk - Shareholder dilution

Interim Non-Executive Independent Chair recently bought AU$81k worth of stock

High number of new directors

Healius Limited Appoints Ravi Jeyaraj as Director

Healius Limited Announces Chair Changes

Healius Limited has filed a Follow-on Equity Offering in the amount of AUD 187.32 million.

Healius Limited, Annual General Meeting, Nov 01, 2023

Australian Clinical Labs Limited (ASX:ACL) canceled the acquisition of Healius Limited (ASX:HLS)

Healius Limited Appoints Michael Stanford as Director

Full year 2023 earnings: Revenues miss analyst expectations

Healius Limited to Report Fiscal Year 2023 Results on Aug 30, 2023

Consensus EPS estimates fall by 37%

Consensus EPS estimates fall by 37%

Healius Limited Appoints Jan Van Rooyen as Group Executive, Healius Pathology Effective 1 June 2023

Consensus EPS estimates increase by 34%

Consensus EPS estimates increase by 36%

Consensus EPS estimates increase by 22%

High number of new directors

Consensus EPS estimates increase by 18%

Is Healius Limited (ASX:HLS) Trading At A 50% Discount?

Independent Non Executive Chairman recently bought AU$103k worth of stock

First half 2023 earnings released: AU$0.045 loss per share (vs AU$0.40 profit in 1H 2022)

Consensus EPS estimates increase by 17%

Healius Limited Announces Resignation of Alison Stephenson as Company Secretary

Consensus EPS estimates fall by 21%

At AU$3.07, Is It Time To Put Healius Limited (ASX:HLS) On Your Watch List?

Healius Limited to Report First Half, 2023 Results on Feb 27, 2023

Consensus forecasts updated

Price target decreased to AU$3.23

Consensus EPS estimates fall by 13%

Nexus Hospitals entered into an agreement to acquire Montserrat Healthcare Pty Ltd from Healius Limited (ASX:HLS).

Here's Why Healius (ASX:HLS) Can Manage Its Debt Responsibly

Consensus EPS estimates fall by 27%

MD, CEO & Director recently sold AU$660k worth of stock

Is Now An Opportune Moment To Examine Healius Limited (ASX:HLS)?

Independent Non Executive Director recently bought AU$86k worth of stock

Non Executive & Independent Director recently bought AU$70k worth of stock

MD, CEO & Director exercised options to buy AU$2.2m worth of stock.

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Healius Limited Announces Fully Franked Ordinary Paid Dividend for the Six Months Ended June 30, 2022, Payable on September 21, 2022

Healius Limited, Annual General Meeting, Oct 20, 2022

Are Investors Undervaluing Healius Limited (ASX:HLS) By 48%?

Price target decreased to AU$4.30

Healius Reportedly Keeps Watching Brief on Integral Diagnostics