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Fisher & Paykel Healthcare Corporation LimitedNZSE:FPH Stock Report

Market Cap NZ$21.2b
Share Price
NZ$36.80
NZ$40.59
9.3% undervalued intrinsic discount
1Y3.4%
7D2.3%
Portfolio Value
View

Fisher & Paykel Healthcare Corporation Limited

NZSE:FPH Stock Report

Market Cap: NZ$21.2b

Fisher & Paykel Healthcare (FPH) Stock Overview

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally. More details

FPH fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance5/6
Financial Health6/6
Dividends0/6

Rewards

Risk Analysis

FPH passed our risk checks.

FPH Community Fair Values

Create Narrative

See what 34 others think this stock is worth. Follow their fair value or set your own to get alerts.

Fisher & Paykel Healthcare Corporation Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Fisher & Paykel Healthcare
Historical stock prices
Current Share PriceNZ$36.80
52 Week HighNZ$41.40
52 Week LowNZ$34.61
Beta0.91
1 Month Change0.27%
3 Month Change-7.42%
1 Year Change3.37%
3 Year Change36.55%
5 Year Change8.55%
Change since IPO8,077.78%

Recent News & Updates

FPH: Upgraded Guidance And Sector Perform Rating Will Support Bullish Repricing

Analysts have trimmed their fair value estimate for Fisher & Paykel Healthcare by about NZ$0.10 to reflect slightly higher discount rate assumptions, while also acknowledging improved profit margin expectations and recent upgrades in Street price targets, including a move to NZ$36 at one major firm. Analyst Commentary Bullish Takeaways Bullish analysts point to the company’s updated guidance as a key reason for shifting to a more neutral stance, seeing this as support for the revised fair value and the NZ$36 price target.

If EPS Growth Is Important To You, Fisher & Paykel Healthcare (NZSE:FPH) Presents An Opportunity

Apr 18
If EPS Growth Is Important To You, Fisher & Paykel Healthcare (NZSE:FPH) Presents An Opportunity

FPH: Refreshed Guidance And Sector Perform Rating Will Shape Measured Future Expectations

Analysts have trimmed the fair value estimate for Fisher & Paykel Healthcare to about NZ$40.69 from NZ$40.89, citing improved company guidance and a higher NZ$36 Street price target as support for the updated view. Analyst Commentary Bullish Takeaways Bullish analysts point to the upgraded company guidance as support for moving to a more neutral stance on the shares, which they see as better aligning expectations with current execution.

FPH: Updated Guidance And Sector Perform Rating Will Shape Balanced Future Expectations

Analysts have trimmed their fair value estimate for Fisher & Paykel Healthcare to NZ$40.89 from NZ$41.12. The modest shift reflects updated assumptions for the discount rate, profit margin and future P/E, following recent guidance and a price target move to NZ$36 from NZ$31 in Street research.

FPH: Refreshed Guidance And Sector Perform Upgrade Will Support Fair Value View

Narrative Update Analysts have lifted their price target for Fisher & Paykel Healthcare to NZ$41.12 from NZ$40.81, citing refreshed guidance and recent Street research that includes an upgrade to Sector Perform with a higher NZ$36 target. Analyst Commentary Bullish analysts see the refreshed guidance as a key reason to reassess Fisher & Paykel Healthcare, with one recent upgrade moving the stock to Sector Perform and lifting the price target to NZ$36 from NZ$31.

Recent updates

FPH: Upgraded Guidance And Sector Perform Rating Will Support Bullish Repricing

Analysts have trimmed their fair value estimate for Fisher & Paykel Healthcare by about NZ$0.10 to reflect slightly higher discount rate assumptions, while also acknowledging improved profit margin expectations and recent upgrades in Street price targets, including a move to NZ$36 at one major firm. Analyst Commentary Bullish Takeaways Bullish analysts point to the company’s updated guidance as a key reason for shifting to a more neutral stance, seeing this as support for the revised fair value and the NZ$36 price target.

If EPS Growth Is Important To You, Fisher & Paykel Healthcare (NZSE:FPH) Presents An Opportunity

Apr 18
If EPS Growth Is Important To You, Fisher & Paykel Healthcare (NZSE:FPH) Presents An Opportunity

FPH: Refreshed Guidance And Sector Perform Rating Will Shape Measured Future Expectations

Analysts have trimmed the fair value estimate for Fisher & Paykel Healthcare to about NZ$40.69 from NZ$40.89, citing improved company guidance and a higher NZ$36 Street price target as support for the updated view. Analyst Commentary Bullish Takeaways Bullish analysts point to the upgraded company guidance as support for moving to a more neutral stance on the shares, which they see as better aligning expectations with current execution.

FPH: Updated Guidance And Sector Perform Rating Will Shape Balanced Future Expectations

Analysts have trimmed their fair value estimate for Fisher & Paykel Healthcare to NZ$40.89 from NZ$41.12. The modest shift reflects updated assumptions for the discount rate, profit margin and future P/E, following recent guidance and a price target move to NZ$36 from NZ$31 in Street research.

FPH: Refreshed Guidance And Sector Perform Upgrade Will Support Fair Value View

Narrative Update Analysts have lifted their price target for Fisher & Paykel Healthcare to NZ$41.12 from NZ$40.81, citing refreshed guidance and recent Street research that includes an upgrade to Sector Perform with a higher NZ$36 target. Analyst Commentary Bullish analysts see the refreshed guidance as a key reason to reassess Fisher & Paykel Healthcare, with one recent upgrade moving the stock to Sector Perform and lifting the price target to NZ$36 from NZ$31.

FPH: Improved Guidance And Rating Upgrade Will Support Fairly Valued Outlook

Analysts have lifted their NZ$ fair value estimate for Fisher & Paykel Healthcare from NZ$39.15 to NZ$40.81, citing improved company guidance and a recent upgrade in Street price targets as key supports for the higher range of outcomes. Analyst Commentary Bullish Takeaways Bullish analysts see the higher company guidance as a key support for the uplift in fair value to NZ$40.81, suggesting more confidence in the near term earnings outlook than previously reflected in models.

Fisher & Paykel Healthcare Corporation Limited's (NZSE:FPH) Shareholders Might Be Looking For Exit

Feb 15
Fisher & Paykel Healthcare Corporation Limited's (NZSE:FPH) Shareholders Might Be Looking For Exit

FPH: Updated Guidance And Dividend Increase Will Support Fairly Valued Outlook

Analysts have made slight adjustments to their price target for Fisher & Paykel Healthcare, keeping fair value broadly unchanged at about $39.15 per share. They have updated inputs such as the discount rate and assumed future P/E to reflect refreshed views on risk and long-term valuation assumptions.

FPH: Updated Guidance And Dividend Policy Will Support Fairly Valued Returns

Analysts have made only a marginal adjustment to their price target for Fisher & Paykel Healthcare, reflecting small tweaks to assumptions around the discount rate, long term revenue growth, profit margin and future P/E, rather than any major shift in their overall view. What's in the News Fisher & Paykel Healthcare updated full year 2025 guidance, with operating revenue now expected in a range of about $2.17b to $2.27b, compared with the prior range of about $2.15b to $2.25b (Key Developments).

FPH: Dividend And Earnings Guidance Will Support Fairly Valued Future Returns

Analysts have trimmed their price target on Fisher & Paykel Healthcare slightly, citing updated assumptions around discount rate, long run revenue growth, profit margin and future P/E that together point to a fair value of about A$39.15 compared with A$39.33 previously. What's in the News Directors approved an interim dividend of 19.0 cents per ordinary share, compared with 18.5 cents per share in the first half of the prior year, with full New Zealand imputation credit attached (Key Developments).

Here's Why Fisher & Paykel Healthcare (NZSE:FPH) Has Caught The Eye Of Investors

Dec 18
Here's Why Fisher & Paykel Healthcare (NZSE:FPH) Has Caught The Eye Of Investors

FPH: Dividend Increase And Earnings Upgrade Will Support Fair Future Returns

Analysts have slightly raised their price target on Fisher & Paykel Healthcare to $NZD 39.33, reflecting modestly lower discount rate assumptions and a slightly higher future P/E multiple, partly offset by a small downward revision to projected profit margins. What's in the News Directors approved an increased interim dividend of 19.0 cents per ordinary share, up from 18.5 cents in the prior first half, to be paid on 16 December 2025 with a record date of 4 December 2025 (company announcement).

FPH: Dividend Lift And Profit Outlook Will Support Fair Future Returns

Analysts have raised their price target for Fisher & Paykel Healthcare by roughly NZ$2. This reflects expectations of slightly higher long term profitability, modestly lower growth assumptions, and a marginally higher discount rate.

Fisher & Paykel Healthcare Corporation Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Nov 28
Fisher & Paykel Healthcare Corporation Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

FPH: Fair Value Will Stay Stable Amid Slightly Higher Discount Rate

Analysts have raised their price target for Fisher & Paykel Healthcare from $36.61 to $37.26. They cite slightly higher projected revenue growth along with modest improvements in the profit margin outlook.

At NZ$36.64, Is Fisher & Paykel Healthcare Corporation Limited (NZSE:FPH) Worth Looking At Closely?

Nov 18
At NZ$36.64, Is Fisher & Paykel Healthcare Corporation Limited (NZSE:FPH) Worth Looking At Closely?

FPH: Fair Value Assessment Will Remain Steady With Minor Discount Rate Adjustment

Analysts have marginally increased their price target for Fisher & Paykel Healthcare to $36.61. This reflects minor adjustments in company fundamentals and updated discount rate assumptions.

Analysts Hold Price Target for Fisher and Paykel Healthcare as Valuation Inputs Remain Stable

Analysts have maintained their price target for Fisher & Paykel Healthcare at $36.61 per share, citing stable forecasts for discount rate, revenue growth, profit margin, and forward price-to-earnings ratios. Minimal changes were observed in the underlying model inputs.

Aging Demographics And Product Upgrades Will Expand Respiratory Care

Analysts have modestly increased their price target for Fisher & Paykel Healthcare from $36.06 to $36.61 NZD, reflecting updated forecasts for slightly higher revenue growth and improved profitability expectations. Valuation Changes Fair Value Estimate has risen slightly from NZ$36.06 to NZ$36.61 per share.

Be Wary Of Fisher & Paykel Healthcare (NZSE:FPH) And Its Returns On Capital

Oct 07
Be Wary Of Fisher & Paykel Healthcare (NZSE:FPH) And Its Returns On Capital

Aging Demographics And Product Upgrades Will Expand Respiratory Care

Fisher & Paykel Healthcare's consensus revenue growth and future P/E forecasts both saw only marginal improvements, underpinning the slight increase in the analyst price target from NZ$35.68 to NZ$36.06. What's in the News Fisher & Paykel Healthcare announced an ordinary unfranked dividend of NZD 0.28235294 per share for the six months ended March 31, 2025, payable on July 4, 2025.

Here's Why Fisher & Paykel Healthcare Corporation Limited's (NZSE:FPH) CEO Might See A Pay Rise Soon

Aug 14
Here's Why Fisher & Paykel Healthcare Corporation Limited's (NZSE:FPH) CEO Might See A Pay Rise Soon

These 4 Measures Indicate That Fisher & Paykel Healthcare (NZSE:FPH) Is Using Debt Safely

Jul 30
These 4 Measures Indicate That Fisher & Paykel Healthcare (NZSE:FPH) Is Using Debt Safely

Be Wary Of Fisher & Paykel Healthcare (NZSE:FPH) And Its Returns On Capital

Jun 12
Be Wary Of Fisher & Paykel Healthcare (NZSE:FPH) And Its Returns On Capital
User avatar

New Product Launches And Capacity Expansion Fuel Optimism Amid Margin Pressure And Growth Uncertainty

Diversification with new products and increased manufacturing capacity may drive revenue, but risks include overestimating demand and resulting profit margin pressures.

Shareholder Returns

FPHNZ Medical EquipmentNZ Market
7D2.3%-0.2%0.9%
1Y3.4%-28.4%5.0%

Return vs Industry: FPH exceeded the NZ Medical Equipment industry which returned -28.4% over the past year.

Return vs Market: FPH underperformed the NZ Market which returned 5% over the past year.

Price Volatility

Is FPH's price volatile compared to industry and market?
FPH volatility
FPH Average Weekly Movement4.7%
Medical Equipment Industry Average Movement10.4%
Market Average Movement3.9%
10% most volatile stocks in NZ Market8.0%
10% least volatile stocks in NZ Market2.8%

Stable Share Price: FPH has not had significant price volatility in the past 3 months compared to the NZ market.

Volatility Over Time: FPH's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19347,412Lewis Gradonwww.fphcare.com

Fisher & Paykel Healthcare Corporation Limited, together with its subsidiaries, designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally. It provides its products for use in acute and chronic respiratory care, and surgery, as well as the treatment of obstructive sleep apnea (OSA) in the home and hospital. The company also offers adult respiratory products, including airvo system, optiflow nasal high flow therapy, invasive ventilation, and noninvasive ventilation.

Fisher & Paykel Healthcare Corporation Limited Fundamentals Summary

How do Fisher & Paykel Healthcare's earnings and revenue compare to its market cap?
FPH fundamental statistics
Market capNZ$21.25b
Earnings (TTM)NZ$437.00m
Revenue (TTM)NZ$2.16b
49.5x
P/E Ratio
10.0x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FPH income statement (TTM)
RevenueNZ$2.16b
Cost of RevenueNZ$790.40m
Gross ProfitNZ$1.37b
Other ExpensesNZ$930.90m
EarningsNZ$437.00m

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

May 25, 2026

Earnings per share (EPS)0.74
Gross Margin63.38%
Net Profit Margin20.25%
Debt/Equity Ratio3.1%

How did FPH perform over the long term?

See historical performance and comparison

Dividends

1.2%
Current Dividend Yield
58%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/04 13:12
End of Day Share Price 2026/05/04 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Fisher & Paykel Healthcare Corporation Limited is covered by 23 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Saul HadassinBarrenjoey Markets Pty Limited
Lyanne HarrisonBofA Global Research
Shane StoreyCanaccord Genuity