InvoCare (IVC.AX) Stock Price

InvoCare Price

Delisted·Nov 26, 2023
12.67AUD
Last traded price

Revenue has compounded at 7.5% per year over the past 19 years to 591.97 M AUD. Earnings per share have grown at 9.1% per year over the last 18 years. InvoCare's net margin stands at -0.3%, down from 8.6% several years earlier. InvoCare currently offers a dividend yield of about 2.82%. The dividend has grown at 7.9% per year over the past 18 years.

InvoCare stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of InvoCare over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how InvoCare stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing InvoCare's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

InvoCare Stock Price History
DateInvoCare Price
Access this data via the Eulerpool API

InvoCare Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2019
500.35 M AUD
145.65 M AUD
63.75 M AUD
Jan 1, 2020
475.22 M AUD
24.87 M AUD
-11.54 M AUD
Jan 1, 2021
531.60 M AUD
115.20 M AUD
80.16 M AUD
Jan 1, 2022
591.97 M AUD
12.80 M AUD
-1.81 M AUD
Jan 1, 2023 (e)
619.02 M AUD
83.69 M AUD
48.44 M AUD
Jan 1, 2024 (e)
651.20 M AUD
93.36 M AUD
53.59 M AUD
Jan 1, 2025 (e)
691.16 M AUD
104.68 M AUD
59.28 M AUD
Jan 1, 2026 (e)
660.66 M AUD
112.72 M AUD
64.58 M AUD

InvoCare Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 19, 2026, 7:49 PM
 
REVENUEM AUD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM AUD
EBITM AUD
EBIT MARGIN%
NET INCOMEM AUD
NET INCOME GROWTH%
DIV.AUD
SHARESM
2011201220132014201520162017201820192020202120222023e2024e2025e2026e
327.00375.00392.00420.00445.00460.00465.00480.00500.00475.00531.00591.00619.00651.00691.00660.00
20.2214.684.537.145.953.371.093.234.17-5.0011.7911.304.745.176.14-4.49
70.9571.4771.1770.9571.9172.3973.3374.1775.0074.1175.7174.9674.9674.9674.9674.96
232.00268.00279.00298.00320.00333.00341.00356.00375.00352.00402.00443.00463.99487.97517.96494.72
54.0076.0078.0092.0092.00113.00161.0080.00145.0024.00115.0012.0083.0093.00104.00112.00
16.5120.2719.9021.9020.6724.5734.6216.6729.005.0521.662.0313.4114.2915.0516.97
27.0044.0048.0054.0054.0070.0097.0041.0063.00-11.0080.00-1.0048.0053.0059.0064.00
62.969.0912.5029.6338.57-57.7353.66-117.46-827.27-101.25-4,900.0010.4211.328.47
1.011.011.01
105.40109.50109.40109.38109.53109.91110.70110.52116.18133.93143.20143.01143.01143.01143.01143.01
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales InvoCare generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue InvoCare retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare InvoCare's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares InvoCare has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against InvoCare's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

InvoCare stock margins

The InvoCare margin analysis displays the gross margin, EBIT margin, as well as the profit margin of InvoCare. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for InvoCare.
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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2018
74.13 %
16.78 %
8.57 %
Jan 1, 2019
75.00 %
29.11 %
12.74 %
Jan 1, 2020
74.22 %
5.23 %
-2.43 %
Jan 1, 2021
75.77 %
21.67 %
15.08 %
Jan 1, 2022
74.84 %
2.16 %
-0.31 %
Jan 1, 2023 (e)
74.84 %
13.52 %
7.82 %
Jan 1, 2024 (e)
74.84 %
14.34 %
8.23 %
Jan 1, 2025 (e)
74.84 %
15.15 %
8.58 %

InvoCare Stock Revenue, EBIT, Earnings per Share

The InvoCare earnings per share therefore indicates how much revenue InvoCare has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2018
4.35 AUD
0.73 AUD
0.37 AUD
Jan 1, 2019
4.31 AUD
1.25 AUD
0.55 AUD
Jan 1, 2020
3.55 AUD
0.19 AUD
-0.09 AUD
Jan 1, 2021
3.71 AUD
0.80 AUD
0.56 AUD
Jan 1, 2022
4.14 AUD
0.09 AUD
-0.01 AUD
Jan 1, 2023 (e)
4.33 AUD
0.59 AUD
0.34 AUD
Jan 1, 2024 (e)
4.55 AUD
0.65 AUD
0.37 AUD
Jan 1, 2025 (e)
4.83 AUD
0.73 AUD
0.41 AUD

InvoCare business model & stock analysis

InvoCare Ltd is an Australian company that operates in the funeral and cemetery services sector. It was founded in 1987 and has been listed on the Australian stock exchange since 2003. The company operates over 290 funeral and cemetery service companies in Australia, New Zealand, and Singapore. InvoCare's business model is based on supporting families with respect and dignity during the difficult time of losing a loved one. InvoCare offers a wide range of services to meet the individual needs and desires of families, such as funeral planning, memorial services, grave care, urn and tombstone selection, as well as financial planning and insurance. InvoCare has several divisions in which it operates. The largest division is the funeral services industry, which accounts for 80% of revenue. InvoCare operates several brands, each targeting different customer segments, such as White Lady Funerals, Simplicity Funerals, Guardian Funerals, or Le Pine Funerals. Another division in which InvoCare operates is the cemetery sector. The company operates and manages cemeteries and crematoriums in various regions, providing burial plots for traditional burials, mausoleums and columbariums for urn burials, as well as memorial and landscape design. InvoCare is also involved in the funeral and mourning culture, offering various products and services. For example, they have their own school for grief and loss to train people in this field. Additionally, the company provides grief counseling for families and friends affected by the loss of a loved one. The company has initiated several initiatives for a sustainable future. In terms of the cemetery sector, they have taken measures to promote sustainable landscaping and the well-being of local fauna and flora. In terms of the funeral services industry, InvoCare is committed to promoting environmentally friendly and ethical burial methods. InvoCare has experienced strong growth in recent years. The company aims to expand its presence in existing markets and enter new markets and regions to reach more families and help them in difficult times. In summary, InvoCare is a ubiquitous company. Its focus on meeting the needs of families and supporting them through emotional challenges, as well as providing individualized funeral and cemetery services, is unique. InvoCare has managed to establish itself in various sectors while promoting sustainable practices. The future looks promising as the company continues to expand and support more families during their time of mourning.

InvoCare SWOT Analysis

Strengths

[ { "heading": "1.", "text": "Strong" } ]

InvoCare Ltd has established a strong brand image in the funeral and cemetery services industry, which enables it to attract and retain customers.

[ { "heading": "2.", "text": "Diverse" } ]

The company provides a wide range of funeral and related services, including cremations, burials, memorialization, and pre-planning, catering to the diverse needs and preferences of its customers.

[ { "heading": "3.", "text": "Extensive" } ]

InvoCare has a large network of funeral homes, cemeteries, and crematoria throughout Australia, New Zealand, and Singapore, allowing it to serve customers across different locations.

Weaknesses

[ { "heading": "1.", "text": "Dependency" } ]

The company's business heavily relies on the death care industry, which is influenced by the aging population. Any decline in the number of deaths could negatively impact InvoCare's revenue.

[ { "heading": "2.", "text": "Vulnerable" } ]

Economic downturns or recessions may lead to reduced discretionary spending on funeral and related services, affecting InvoCare's financial performance.

Opportunities

[ { "heading": "1.", "text": "Growing" } ]

Increasing consumer preference for customized and personalized funeral services presents an opportunity for InvoCare to enhance its service offerings and attract more customers.

[ { "heading": "2.", "text": "Digital" } ]

Adopting technology-driven solutions such as online funeral planning, virtual memorials, and digital marketing can help InvoCare improve customer engagement and expand its reach.

Threats

[ { "heading": "1.", "text": "Intense" } ]

The death care industry is highly competitive, with the presence of both large corporations and small local businesses. InvoCare faces the risk of losing market share to competitors.

[ { "heading": "2.", "text": "Regulatory" } ]

Changes in government regulations related to funeral and cemetery services may increase compliance costs and impact the operating environment for InvoCare.

InvoCare Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

InvoCare historical P/E ratio, EBIT multiple, and P/S ratio

InvoCare annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

InvoCare shares outstanding

The number of shares of InvoCare was 143.01 M in 2025. This indicates how many shares InvoCare is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

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  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2018
110.52 M Stocks
Jan 1, 2019
116.18 M Stocks
Jan 1, 2020
133.93 M Stocks
Jan 1, 2021
143.20 M Stocks
Jan 1, 2022
143.01 M Stocks
Jan 1, 2023 (e)
143.01 M Stocks
Jan 1, 2024 (e)
143.01 M Stocks
Jan 1, 2025 (e)
143.01 M Stocks

InvoCare Dividend History

20 years of dividend payments · 2 consecutive increases

YearAnnual DividendYoY ChangePayments
20231.01AUD 184.0%
20220.36AUD 51.5%
20210.24AUD 43.1%
20200.41AUD 21.6%
20190.53AUD 17.8%
20180.64AUD 2.3%
20170.63AUD 12.1%
20160.56AUD 7.5%
20150.52AUD 3.5%
20140.50AUD 3.7%

InvoCare dividend history and estimates

In 2025, InvoCare paid a dividend amounting to 1.01 AUD. Dividend means that InvoCare distributes a portion of its profits to its owners.
  • Max

Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2018 (e)
0.64 AUD
0.00 AUD
0.00 AUD
Jan 1, 2019 (e)
0.53 AUD
0.00 AUD
0.00 AUD
Jan 1, 2020 (e)
0.41 AUD
0.00 AUD
0.00 AUD
Jan 1, 2021 (e)
0.24 AUD
0.00 AUD
0.00 AUD
Jan 1, 2022 (e)
0.36 AUD
0.00 AUD
0.00 AUD
Jan 1, 2023
1.01 AUD
0.00 AUD
0.00 AUD
Jan 1, 2024 (e)
0.00 AUD
1.01 AUD
0.86 AUD
Jan 1, 2025 (e)
0.00 AUD
1.01 AUD
0.00 AUD

InvoCare dividend payout ratio

In 2025, InvoCare had a payout ratio of 244.70%. The payout ratio indicates the percentage of the company's profits that InvoCare distributes as dividends.
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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2018
172.35 %
Jan 1, 2019
96.33 %
Jan 1, 2020
-480.61 %
Jan 1, 2021
42.11 %
Jan 1, 2022
-2,812.15 %
Jan 1, 2023 (e)
299.48 %
Jan 1, 2024 (e)
270.69 %
Jan 1, 2025 (e)
244.70 %
Price targets and forecasts for InvoCare are not yet available.

InvoCare Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
2/25/20240.17AUD-AUD2023 Q4
8/27/20230.20AUD-AUD2023 Q2
2/27/20230.23AUD-AUD2022 Q4
8/28/20220.19AUD-AUD2022 Q2
2/28/20220.09AUD-AUD2021 Q4
8/30/20210.10AUD-AUD2021 Q2
2/24/20210.16AUD-AUD2020 Q4
8/19/20200.14AUD-AUD2020 Q2
8/15/20190.24AUD248.98 MAUD2019 Q2
2/22/20190.27AUD245.99 MAUD2018 Q4

EESG©

Eulerpool ESG Scorecard© for the InvoCare stock

56/100
31
Environment
63
Social
75
Governance
E

Environment

20
Scope 1 - Direct Emissions
Scope 2 - Indirect emissions from purchased energy
Scope 3 - Indirect emissions within the value chain
Total CO₂ emissions
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees60
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

InvoCare shareholder structure

% Name
19.31540%
TPG Global, LLC
TPG Global, LLC
6.10367%
Kuang Ming Investments Pte Ltd
Kuang Ming Investments Pte Ltd
4.89390%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
2.05519%
State Street Global Advisors Australia Ltd.
State Street Global Advisors Australia Ltd.
1.74338%
Argo Investments Limited
Argo Investments Limited
1.44691%
Washington H Soul Pattinson and Company Ltd
Washington H Soul Pattinson and Company Ltd
...

InvoCare Executives and Management Board

OC

Mr. Olivier Chretien

Chief Executive Officer, Managing Director, Director · since 2021

Compensation2.10 M AUD
AG

Mr. Adrian Gratwicke

Chief Financial Officer

Compensation1.45 M AUD
BV

Mr. Bart Vogel

(62)

Independent Non-Executive Chairman of the Board

Compensation285,691.00 AUD
KS

Mr. Keith Skinner

(67)

Non-Executive Independent Director

Compensation154,400.00 AUD
RD

Mr. Richard Davis

(65)

Non-Executive Independent Director

Compensation145,730.00 AUD

InvoCare Supply Chain

InvoCare Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
5 companies
#Name1M3M6M1Y2YTrend
1
0.27
0.50
0.74
0.52
0.65
2
-0.19
0.30
-0.20
0.09
0.61
3
-0.10
-0.34
-0.54
-0.37
0.50
4
State Street
Supplier
0.14
-0.41
-0.52
-0.27
0.47
5
Citigroup
Supplier
-0.01
0.06
-0.30
-0.33
0.32

Frequently asked questions about InvoCare

The business model of InvoCare Ltd revolves around providing funeral, cemetery, crematorium, and related services. InvoCare operates a network of funeral homes and cemeteries, offering a range of pre-arranged and at-need funeral and memorial services, as well as cremation and cemetery products. The company generates revenue through the provision of funeral services, sale of cemetery plots and cremation services, memorialization products, and pre-need contracts. InvoCare aims to offer compassionate and personalized care to families during their time of loss while ensuring the highest standards of professionalism. InvoCare Ltd strives to support and guide families through the entire funeral process, making it a trusted choice in the industry.

All fundamentals and in-depth analysis of InvoCare

Our stock analysis for InvoCare stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of InvoCare. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.