Netcare (NTC) Stock Overview
An investment holding company, operates private hospitals in South Africa. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 1/6 |
| Past Performance | 3/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
NTC Community Fair Values
Create NarrativeSee what 21 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Netcare Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R18.76 |
| 52 Week High | R19.04 |
| 52 Week Low | R13.28 |
| Beta | 0.26 |
| 1 Month Change | 8.69% |
| 3 Month Change | 6.29% |
| 1 Year Change | 39.07% |
| 3 Year Change | 35.45% |
| 5 Year Change | 21.42% |
| Change since IPO | 1,342.02% |
Recent News & Updates
Narrative Update • Jun 23
NTC: Dividend Progress And New Leadership Will Shape Steady Forward Outlook
Netcare's analyst price target has been nudged higher from ZAR17.86 to ZAR18.44. Analysts point to updated assumptions on revenue growth, profit margins and future P/E expectations as the core drivers of the revision.Narrative Update • Jun 05
NTC: Leadership Transition And Policy Shifts Will Shape Steady Forward Outlook
Analysts have raised their Netcare price target from ZAR17.08 to ZAR17.86, reflecting updated views on discount rates, profit margins, and future P/E assumptions. What's in the News Netcare has appointed long serving executive Melanie Da Costa as its next CEO, succeeding Dr Richard Friedland at the end of 2026.Recent updates
Narrative Update • Jun 23
NTC: Dividend Progress And New Leadership Will Shape Steady Forward Outlook
Netcare's analyst price target has been nudged higher from ZAR17.86 to ZAR18.44. Analysts point to updated assumptions on revenue growth, profit margins and future P/E expectations as the core drivers of the revision.Narrative Update • Jun 05
NTC: Leadership Transition And Policy Shifts Will Shape Steady Forward Outlook
Analysts have raised their Netcare price target from ZAR17.08 to ZAR17.86, reflecting updated views on discount rates, profit margins, and future P/E assumptions. What's in the News Netcare has appointed long serving executive Melanie Da Costa as its next CEO, succeeding Dr Richard Friedland at the end of 2026.Analysis Article • May 28
Earnings Update: Netcare Limited (JSE:NTC) Just Reported Its Half-Year Results And Analysts Are Updating Their Forecasts
Investors in Netcare Limited ( JSE:NTC ) had a good week, as its shares rose 5.4% to close at R17.81 following the...Analysis Article • May 27
Do Netcare's (JSE:NTC) Earnings Warrant Your Attention?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Narrative Update • Apr 23
NTC: Steady Fair Value And Ownership Shift Will Guide Balanced Outlook
Analysts have kept their ZAR price target for Netcare unchanged at ZAR17.08, citing consistent assumptions on discount rate, revenue growth, profit margin and future P/E, which together support a steady view of fair value. What's in the News Ninety One SA (Pty) Ltd.Narrative Update • Apr 09
NTC: Steady Fair Value And Ownership Change Will Support Balanced Outlook
Analysts have kept their Netcare fair value estimate steady at ZAR17.08 per share. This reflects unchanged assumptions on the discount rate, revenue growth, profit margins and future P/E in their latest price target update.Narrative Update • Feb 21
NTC: Dividend Payout And Share Buybacks Will Support A Balanced Outlook
Analysts have nudged their Netcare fair value estimate slightly higher from ZAR17.04 to ZAR17.08, citing updated assumptions around discount rates, revenue growth, profit margins, and a modestly adjusted future P/E multiple. What's in the News On January 29, 2026, Ninety One SA (Pty) Ltd.Analysis Article • Jan 30
Netcare Limited's (JSE:NTC) CEO Compensation Is Looking A Bit Stretched At The Moment
Key Insights Netcare to hold its Annual General Meeting on 6th of February CEO Richard Friedland's total compensation...Narrative Update • Jan 21
NTC: Dividend Clarity And Margin Outlook Will Support A Balanced Shareview
Narrative Update on Netcare The analyst price target for Netcare has shifted from R16.42 to R17.04. Analysts link this change to updated assumptions for the discount rate, revenue growth, profit margin and future P/E levels.Analysis Article • Nov 28
Netcare Limited (JSE:NTC) Full-Year Results: Here's What Analysts Are Forecasting For This Year
Netcare Limited ( JSE:NTC ) last week reported its latest full-year results, which makes it a good time for investors...Analysis Article • Nov 18
Netcare (JSE:NTC) Will Be Hoping To Turn Its Returns On Capital Around
Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...Analysis Article • Jun 24
Netcare (JSE:NTC) Is Due To Pay A Dividend Of ZAR0.36
Netcare Limited ( JSE:NTC ) will pay a dividend of ZAR0.36 on the 14th of July. This takes the dividend yield to 5.4...Analysis Article • Feb 01
We Think Some Shareholders May Hesitate To Increase Netcare Limited's (JSE:NTC) CEO Compensation
Key Insights Netcare will host its Annual General Meeting on 7th of February CEO Richard Friedland's total compensation...
New Narrative • Jan 28
Data Analytics Platform Will Optimize Clinical Operations By End Of 2024
Digitization and data-driven strategies optimize operations, reduce costs, and enhance net margins and competitive positioning through improved clinical efficiency.Analysis Article • Sep 19
Capital Allocation Trends At Netcare (JSE:NTC) Aren't Ideal
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Jun 13
Investors Still Waiting For A Pull Back In Netcare Limited (JSE:NTC)
With a price-to-earnings (or "P/E") ratio of 12.2x Netcare Limited ( JSE:NTC ) may be sending bearish signals at the...Analysis Article • May 22
Netcare's (JSE:NTC) Dividend Will Be ZAR0.30
Netcare Limited ( JSE:NTC ) has announced that it will pay a dividend of ZAR0.30 per share on the 15th of July. This...Analysis Article • Mar 09
Capital Allocation Trends At Netcare (JSE:NTC) Aren't Ideal
What are the early trends we should look for to identify a stock that could multiply in value over the long term...Analysis Article • Jan 20
Is Netcare (JSE:NTC) A Risky Investment?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • Nov 26
Investors Could Be Concerned With Netcare's (JSE:NTC) Returns On Capital
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Jul 04
Netcare (JSE:NTC) Is Paying Out A Larger Dividend Than Last Year
Netcare Limited ( JSE:NTC ) will increase its dividend from last year's comparable payment on the 17th of July to...Analysis Article • Jun 09
Netcare (JSE:NTC) Is Paying Out A Larger Dividend Than Last Year
Netcare Limited's ( JSE:NTC ) dividend will be increasing from last year's payment of the same period to ZAR0.30 on...Analysis Article • May 26
Netcare Limited Beat Revenue Forecasts By 6.6%: Here's What Analysts Are Forecasting Next
Netcare Limited ( JSE:NTC ) shareholders are probably feeling a little disappointed, since its shares fell 4.6% to...Analysis Article • May 25
Netcare's (JSE:NTC) Dividend Will Be Increased To ZAR0.30
The board of Netcare Limited ( JSE:NTC ) has announced that it will be paying its dividend of ZAR0.30 on the 17th of...Analysis Article • Apr 25
Some Investors May Be Worried About Netcare's (JSE:NTC) Returns On Capital
Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...Analysis Article • Mar 17
Is Netcare (JSE:NTC) Using Too Much Debt?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Analysis Article • Jan 19
Netcare (JSE:NTC) Has Announced That Its Dividend Will Be Reduced To ZAR0.30
Netcare Limited ( JSE:NTC ) has announced that on 30th of January, it will be paying a dividend ofZAR0.30, which a...Analysis Article • Jan 05
Netcare (JSE:NTC) Has Announced That Its Dividend Will Be Reduced To ZAR0.30
Netcare Limited ( JSE:NTC ) has announced that on 30th of January, it will be paying a dividend ofZAR0.30, which a...Analysis Article • Dec 16
Netcare's (JSE:NTC) Shareholders Will Receive A Smaller Dividend Than Last Year
Netcare Limited's ( JSE:NTC ) dividend is being reduced from last year's payment covering the same period to ZAR0.30 on...Analysis Article • Nov 24
Netcare's (JSE:NTC) Dividend Will Be Reduced To ZAR0.30
Netcare Limited ( JSE:NTC ) has announced that on 30th of January, it will be paying a dividend ofZAR0.30, which a...Analysis Article • Aug 31
Calculating The Fair Value Of Netcare Limited (JSE:NTC)
In this article we are going to estimate the intrinsic value of Netcare Limited ( JSE:NTC ) by projecting its future...Analysis Article • Aug 12
We Think Netcare (JSE:NTC) Can Stay On Top Of Its Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Jul 28
Investors Appear Satisfied With Netcare Limited's (JSE:NTC) Prospects
Netcare Limited's ( JSE:NTC ) price-to-earnings (or "P/E") ratio of 26.3x might make it look like a strong sell right...Shareholder Returns
| NTC | ZA Healthcare | ZA Market | |
|---|---|---|---|
| 7D | 0.9% | 2.1% | 0.05% |
| 1Y | 39.1% | 6.1% | 10.4% |
Return vs Industry: NTC exceeded the ZA Healthcare industry which returned 6.1% over the past year.
Return vs Market: NTC exceeded the ZA Market which returned 10.4% over the past year.
Price Volatility
| NTC volatility | |
|---|---|
| NTC Average Weekly Movement | 3.7% |
| Healthcare Industry Average Movement | 4.7% |
| Market Average Movement | 4.4% |
| 10% most volatile stocks in ZA Market | 9.7% |
| 10% least volatile stocks in ZA Market | 2.7% |
Stable Share Price: NTC has not had significant price volatility in the past 3 months compared to the ZA market.
Volatility Over Time: NTC's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1996 | n/a | Richard Friedland | www.netcare.co.za |
Netcare Limited, an investment holding company, operates private hospitals in South Africa. It operates through Hospital and Emergency Services, and Primary Care segments. The Hospital and Emergency Services segment engages in the hospital and pharmacy operations.
Netcare Limited Fundamentals Summary
| NTC fundamental statistics | |
|---|---|
| Market cap | R22.08b |
| Earnings (TTM) | R1.76b |
| Revenue (TTM) | R26.95b |
12.6x
P/E Ratio0.8x
P/S RatioIs NTC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NTC income statement (TTM) | |
|---|---|
| Revenue | R26.95b |
| Cost of Revenue | R13.60b |
| Gross Profit | R13.35b |
| Other Expenses | R11.59b |
| Earnings | R1.76b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Nov 23, 2026
| Earnings per share (EPS) | 1.49 |
| Gross Margin | 49.54% |
| Net Profit Margin | 6.52% |
| Debt/Equity Ratio | 74.0% |
How did NTC perform over the long term?
See historical performance and comparisonDividends
4.5%
Current Dividend Yield63%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/17 11:17 |
| End of Day Share Price | 2026/07/16 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/09/30 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
Netcare Limited is covered by 13 analysts. 6 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 |
|---|---|
| Rendani Magalela | Absa Bank Limited |
| Sean Ungerer | Arqaam Capital Research Offshore S.A.L. |
| Simon Mather | Barclays |