Netcare Past Earnings Performance

Past criteria checks 4/6

Netcare's earnings have been declining at an average annual rate of -16.6%, while the Healthcare industry saw earnings declining at 0.1% annually. Revenues have been growing at an average rate of 1.9% per year. Netcare's return on equity is 12.1%, and it has net margins of 5.3%.

Key information

-16.6%

Earnings growth rate

-16.2%

EPS growth rate

Healthcare Industry Growth	13.4%
Revenue growth rate	1.9%
Return on equity	12.1%
Net Margin	5.3%
Next Earnings Update	20 May 2024

Recent past performance updates

Recent updates

Netcare Limited Beat Revenue Forecasts By 6.6%: Here's What Analysts Are Forecasting Next

May 26

Netcare's (JSE:NTC) Dividend Will Be Increased To ZAR0.30

May 25

Some Investors May Be Worried About Netcare's (JSE:NTC) Returns On Capital

Apr 25

Is Netcare (JSE:NTC) Using Too Much Debt?

Mar 17

Netcare (JSE:NTC) Has Announced That Its Dividend Will Be Reduced To ZAR0.30

Jan 19

Netcare (JSE:NTC) Has Announced That Its Dividend Will Be Reduced To ZAR0.30

Jan 05

Netcare's (JSE:NTC) Shareholders Will Receive A Smaller Dividend Than Last Year

Dec 16

Netcare's (JSE:NTC) Dividend Will Be Reduced To ZAR0.30

Nov 24

Calculating The Fair Value Of Netcare Limited (JSE:NTC)

Aug 31

We Think Netcare (JSE:NTC) Can Stay On Top Of Its Debt

Aug 12

Investors Appear Satisfied With Netcare Limited's (JSE:NTC) Prospects

Jul 28

Revenue & Expenses Breakdown
Beta

How Netcare makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

JSE:NTC Revenue, expenses and earnings (ZAR Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 23	23,699	1,257	9,308
30 Jun 23	23,281	1,214	9,139
31 Mar 23	22,862	1,178	8,969
31 Dec 22	22,249	1,077	8,769
30 Sep 22	21,636	967	8,569
30 Jun 22	21,533	881	8,493
31 Mar 22	21,430	794	8,416
31 Dec 21	21,315	762	8,459
30 Sep 21	21,200	730	8,501
30 Jun 21	19,706	438	8,351
31 Mar 21	18,211	146	8,201
31 Dec 20	18,527	262	7,999
30 Sep 20	18,843	378	7,797
30 Jun 20	20,313	1,139	7,710
31 Mar 20	21,782	1,899	7,623
31 Dec 19	21,686	2,138	7,645
30 Sep 19	21,589	2,377	7,666
30 Jun 19	21,430	2,247	7,699
31 Mar 19	21,271	2,116	7,739
31 Dec 18	20,994	1,625	7,579
30 Sep 18	20,717	1,134	7,419
30 Jun 18	20,295	2,469	7,181
31 Mar 18	19,873	3,804	6,934
31 Dec 17	19,494	4,258	6,777
30 Sep 17	19,114	4,711	6,620
31 Mar 17	28,122	1,375	9,619
31 Dec 16	32,926	1,511	11,245
30 Sep 16	37,729	1,646	12,870
30 Jun 16	37,009	2,106	12,713
31 Mar 16	36,221	2,552	12,534
31 Dec 15	34,966	2,479	12,084
30 Sep 15	33,711	2,406	11,634
30 Jun 15	33,194	2,338	11,279
31 Mar 15	32,676	2,270	10,923
31 Dec 14	32,230	2,186	10,798
30 Sep 14	31,783	2,102	10,672
30 Jun 14	30,717	1,975	10,425
31 Mar 14	29,650	1,847	10,178
31 Dec 13	28,516	3,444	9,660
30 Sep 13	27,382	5,040	9,142
30 Jun 13	26,702	2,012	8,510

Quality Earnings: NTC has high quality earnings.

Growing Profit Margin: NTC's current net profit margins (5.3%) are higher than last year (4.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: NTC's earnings have declined by 16.6% per year over the past 5 years.

Accelerating Growth: NTC's earnings growth over the past year (30%) exceeds its 5-year average (-16.6% per year).

Earnings vs Industry: NTC earnings growth over the past year (30%) exceeded the Healthcare industry 27.7%.

Return on Equity

High ROE: NTC's Return on Equity (12.1%) is considered low.

Return on Assets

Return on Capital Employed

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Netcare Past Earnings Performance

Past criteria checks 4/6

Key information

Recent past performance updates

Netcare Limited to Report First Half, 2024 Results on May 20, 2024

Full year 2023 earnings: EPS misses analyst expectations

Netcare Limited to Report Fiscal Year 2023 Results on Nov 20, 2023

First half 2023 earnings released: EPS: R0.46 (vs R0.31 in 1H 2022)

Netcare Limited to Report First Half, 2023 Results on May 22, 2023

Netcare Limited to Report Fiscal Year 2022 Results on Nov 21, 2022

Recent updates

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Capital Allocation Trends At Netcare (JSE:NTC) Aren't Ideal

Netcare Limited to Report First Half, 2024 Results on May 20, 2024

Is Netcare (JSE:NTC) A Risky Investment?

Upcoming dividend of R0.35 per share at 5.1% yield

Netcare Limited, Annual General Meeting, Feb 02, 2024

Managing Director of Hospitals recently sold R1.7m worth of stock

Investors Could Be Concerned With Netcare's (JSE:NTC) Returns On Capital

Full year 2023 earnings: EPS misses analyst expectations

Netcare Limited Announces Changes to the Board

Now 20% undervalued

Netcare Limited Provides Earnings Guidance for the Year Ended 30 September 2023

Netcare Limited to Report Fiscal Year 2023 Results on Nov 20, 2023

Netcare Limited(JSE:NTC) dropped from FTSE All-World Index (USD)

Netcare Limited Announces Retirement of Richard Friedland as an Executive Director, Effective 30 September 2024

Upcoming dividend of R0.30 per share at 4.2% yield

Netcare (JSE:NTC) Is Paying Out A Larger Dividend Than Last Year

Netcare (JSE:NTC) Is Paying Out A Larger Dividend Than Last Year

Netcare Limited Announces Change to the Board of Directors

Netcare Limited Beat Revenue Forecasts By 6.6%: Here's What Analysts Are Forecasting Next

Netcare's (JSE:NTC) Dividend Will Be Increased To ZAR0.30

First half 2023 earnings released: EPS: R0.46 (vs R0.31 in 1H 2022)

Netcare Limited Announces Interim Dividend in Respect of the Period Ended 31 March 2023, Payable on 17 July 2023

Netcare Limited Provides Group Earnings Guidance for the Six Months Ended 31 March 2023

Some Investors May Be Worried About Netcare's (JSE:NTC) Returns On Capital

Is Netcare (JSE:NTC) Using Too Much Debt?

Netcare Limited to Report First Half, 2023 Results on May 22, 2023

Netcare Limited Approves Audit Committee Changes

Netcare (JSE:NTC) Has Announced That Its Dividend Will Be Reduced To ZAR0.30

Upcoming dividend of R0.30 per share

Netcare (JSE:NTC) Has Announced That Its Dividend Will Be Reduced To ZAR0.30

Netcare's (JSE:NTC) Shareholders Will Receive A Smaller Dividend Than Last Year

Netcare Limited, Annual General Meeting, Feb 03, 2023

Netcare's (JSE:NTC) Dividend Will Be Reduced To ZAR0.30

Netcare Limited Declares Final Dividend for the Year 2022

Netcare Limited to Report Fiscal Year 2022 Results on Nov 21, 2022

Managing Director of Hospitals recently sold R183k worth of stock

Netcare Limited to Report Fiscal Year 2022 Results on Nov 21, 2022

Now 20% undervalued after recent price drop

Calculating The Fair Value Of Netcare Limited (JSE:NTC)

We Think Netcare (JSE:NTC) Can Stay On Top Of Its Debt

Investors Appear Satisfied With Netcare Limited's (JSE:NTC) Prospects

Netcare Limited Announces Resignation of Thevendrie Brewer as Chair and Independent Non-Executive Director, Effective 31 December 2022

Now 21% undervalued after recent price drop

Upcoming dividend of R0.20 per share

First half 2022 earnings released

Netcare Limited Declares Interim Dividend for the Six Months Ended 31 March 2022

Netcare Limited to Report Q2, 2022 Results on May 23, 2022

Upcoming dividend of R0.34 per share

Consensus forecasts updated

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus forecasts updated

Consensus forecasts updated

First half 2021 earnings released: EPS R0.26 (vs R0.44 in 1H 2020)

Group CEO & Executive Director exercised options to buy R1.4m worth of stock.

Investor sentiment improved over the past week

New 90-day high: R15.49

Analysts update estimates

New 90-day low: R12.28

Full year 2020 earnings released: EPS R0.28

Netcare Limited, Annual General Meeting, Feb 05, 2021

Analysts update estimates

Netcare Limited to Report Fiscal Year 2020 Results on Nov 23, 2020

New 90-day low: R12.40

Analysts update estimates

New 90-day low - R12.85

New 90-day low - R13.17

orporation Limited acquired an unknown stake in Netcare Limited (JSE:NTC).

Revenue & Expenses Breakdown
Beta