Netcare (NTC.JO) Stock Price

Netcare Price

JSE·CLOSED
1,860.00ZAR+29.00 (+1.57 %)
Market closed

Over the last 19 years Netcare grew revenue by 4.4% annually, reaching 26.34 B ZAR. Earnings per share have grown at 5.6% per year over the last 19 years. For Netcare, the net margin of 6.4% is up versus 3.4% a few years ago. At today's price the dividend yield works out to roughly 0.04%. The payout ratio is around 56% of earnings. The dividend has grown at 5.6% per year over the past 19 years. The consensus 12-month price target for Netcare is 16.98 ZAR, about 99.1% below where the stock trades today. Of 9 analysts, 7 rate the stock a buy — an overall Buy consensus. The stock trades about 40% above its 52-week low.

Netcare stock price

Volume
Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Netcare 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 Netcare 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 Netcare's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Netcare Stock Price History
DateNetcare Price
7/10/20261,860.00 ZAR
7/9/20261,831.00 ZAR
7/8/20261,818.00 ZAR
7/7/20261,851.00 ZAR
7/6/20261,863.00 ZAR
7/3/20261,836.00 ZAR
7/2/20261,832.00 ZAR
7/1/20261,800.00 ZAR
6/30/20261,804.00 ZAR
6/29/20261,797.00 ZAR
6/26/20261,771.00 ZAR
6/25/20261,788.00 ZAR
6/24/20261,776.00 ZAR
6/23/20261,777.00 ZAR
6/22/20261,770.00 ZAR
6/19/20261,791.00 ZAR
6/18/20261,724.00 ZAR
6/17/20261,722.00 ZAR
6/15/20261,728.00 ZAR
6/12/20261,675.00 ZAR
6/11/20261,667.00 ZAR
6/10/20261,682.00 ZAR
6/9/20261,676.00 ZAR
6/8/20261,700.00 ZAR
6/5/20261,714.00 ZAR
6/4/20261,705.00 ZAR
6/3/20261,696.00 ZAR
6/2/20261,702.00 ZAR
6/1/20261,723.00 ZAR
5/29/20261,757.00 ZAR
5/28/20261,750.00 ZAR
5/27/20261,777.00 ZAR
5/26/20261,751.00 ZAR
5/25/20261,754.00 ZAR
5/22/20261,684.00 ZAR
5/21/20261,620.00 ZAR
5/20/20261,600.00 ZAR
5/19/20261,629.00 ZAR
5/18/20261,668.00 ZAR
5/15/20261,665.00 ZAR
5/14/20261,677.00 ZAR
5/13/20261,657.00 ZAR
5/12/20261,684.00 ZAR
5/11/20261,704.00 ZAR
5/8/20261,729.00 ZAR
5/7/20261,733.00 ZAR
5/6/20261,756.00 ZAR
5/5/20261,735.00 ZAR
5/4/20261,729.00 ZAR
4/30/20261,729.00 ZAR
4/29/20261,709.00 ZAR
4/28/20261,694.00 ZAR
4/24/20261,712.00 ZAR
4/23/20261,736.00 ZAR
4/22/20261,750.00 ZAR
4/21/20261,752.00 ZAR
4/20/20261,755.00 ZAR
4/17/20261,765.00 ZAR
4/16/20261,756.00 ZAR
4/15/20261,751.00 ZAR
4/14/20261,729.00 ZAR
4/13/20261,722.00 ZAR
4/10/20261,730.00 ZAR
4/9/20261,713.00 ZAR
4/8/20261,718.00 ZAR
4/7/20261,675.00 ZAR
4/2/20261,676.00 ZAR
4/1/20261,670.00 ZAR
3/31/20261,652.00 ZAR
3/30/20261,639.00 ZAR
3/27/20261,646.00 ZAR
3/26/20261,683.00 ZAR
3/25/20261,682.00 ZAR
3/24/20261,656.00 ZAR
3/23/20261,604.00 ZAR
3/20/20261,602.00 ZAR
3/19/20261,567.00 ZAR
3/18/20261,640.00 ZAR
3/17/20261,632.00 ZAR
3/16/20261,609.00 ZAR
3/13/20261,587.00 ZAR
3/12/20261,610.00 ZAR
3/11/20261,624.00 ZAR
3/10/20261,639.00 ZAR
3/9/20261,587.00 ZAR
3/6/20261,624.00 ZAR
3/5/20261,649.00 ZAR
3/4/20261,638.00 ZAR
3/3/20261,623.00 ZAR
3/2/20261,689.00 ZAR
2/27/20261,717.00 ZAR
2/26/20261,695.00 ZAR
2/25/20261,675.00 ZAR
2/24/20261,650.00 ZAR
2/23/20261,654.00 ZAR
2/20/20261,631.00 ZAR
2/19/20261,608.00 ZAR
2/18/20261,607.00 ZAR
2/17/20261,583.00 ZAR
2/16/20261,567.00 ZAR
2/13/20261,584.00 ZAR
2/12/20261,550.00 ZAR
2/11/20261,551.00 ZAR
2/10/20261,554.00 ZAR
2/9/20261,550.00 ZAR
2/6/20261,562.00 ZAR
2/5/20261,567.00 ZAR
2/4/20261,554.00 ZAR
2/3/20261,574.00 ZAR
2/2/20261,554.00 ZAR
1/30/20261,550.00 ZAR
1/29/20261,570.00 ZAR
1/28/20261,559.00 ZAR
1/27/20261,582.00 ZAR
1/26/20261,587.00 ZAR
1/23/20261,571.00 ZAR
1/22/20261,620.00 ZAR
1/21/20261,595.00 ZAR
1/20/20261,662.00 ZAR
1/19/20261,637.00 ZAR
1/16/20261,644.00 ZAR
1/15/20261,597.00 ZAR
1/14/20261,585.00 ZAR
1/13/20261,596.00 ZAR
1/12/20261,584.00 ZAR
1/9/20261,602.00 ZAR
1/8/20261,585.00 ZAR
1/7/20261,587.00 ZAR
1/6/20261,600.00 ZAR
1/5/20261,588.00 ZAR
1/2/20261,600.00 ZAR
12/31/20251,583.00 ZAR
12/30/20251,575.00 ZAR
12/29/20251,588.00 ZAR
12/24/20251,580.00 ZAR
12/23/20251,591.00 ZAR
12/22/20251,550.00 ZAR
12/19/20251,560.00 ZAR
12/18/20251,555.00 ZAR
12/17/20251,550.00 ZAR
12/15/20251,535.00 ZAR
12/12/20251,507.00 ZAR
12/11/20251,508.00 ZAR
12/10/20251,515.00 ZAR
12/9/20251,528.00 ZAR
12/8/20251,526.00 ZAR
12/5/20251,523.00 ZAR
12/4/20251,500.00 ZAR
12/3/20251,519.00 ZAR
12/2/20251,500.00 ZAR
12/1/20251,485.00 ZAR
11/28/20251,532.00 ZAR
11/27/20251,530.00 ZAR
11/26/20251,514.00 ZAR
11/25/20251,526.00 ZAR
11/24/20251,538.00 ZAR
11/21/20251,482.00 ZAR
11/20/20251,511.00 ZAR
11/19/20251,490.00 ZAR
11/18/20251,513.00 ZAR
11/17/20251,531.00 ZAR
11/14/20251,518.00 ZAR
11/13/20251,520.00 ZAR
11/12/20251,499.00 ZAR
11/11/20251,460.00 ZAR
11/10/20251,452.00 ZAR
11/7/20251,452.00 ZAR
11/6/20251,460.00 ZAR
11/5/20251,471.00 ZAR
11/4/20251,479.00 ZAR
11/3/20251,478.00 ZAR
10/31/20251,459.00 ZAR
10/30/20251,440.00 ZAR
10/29/20251,453.00 ZAR
10/28/20251,466.00 ZAR
10/27/20251,431.00 ZAR
10/24/20251,457.00 ZAR
10/23/20251,458.00 ZAR
10/22/20251,463.00 ZAR
10/21/20251,425.00 ZAR
10/20/20251,449.00 ZAR
10/17/20251,436.00 ZAR
10/16/20251,443.40 ZAR
10/15/20251,428.00 ZAR
10/14/20251,415.00 ZAR
10/13/20251,445.00 ZAR
10/10/20251,444.00 ZAR
10/9/20251,435.00 ZAR
10/8/20251,432.00 ZAR
10/7/20251,425.00 ZAR
10/6/20251,420.00 ZAR
10/3/20251,420.00 ZAR
10/2/20251,433.00 ZAR
10/1/20251,438.17 ZAR
9/30/20251,420.00 ZAR
9/29/20251,369.00 ZAR
9/26/20251,375.00 ZAR
9/25/20251,371.00 ZAR
9/23/20251,378.00 ZAR
9/22/20251,368.00 ZAR
9/19/20251,396.00 ZAR
9/18/20251,389.00 ZAR
9/17/20251,403.00 ZAR
9/16/20251,403.00 ZAR
9/15/20251,420.00 ZAR
9/12/20251,418.00 ZAR
9/11/20251,409.00 ZAR
9/10/20251,401.00 ZAR
9/9/20251,399.00 ZAR
9/8/20251,399.00 ZAR
9/5/20251,389.00 ZAR
9/4/20251,370.00 ZAR
9/3/20251,360.00 ZAR
9/2/20251,373.00 ZAR
9/1/20251,392.00 ZAR
8/29/20251,391.00 ZAR
8/28/20251,399.00 ZAR
8/27/20251,394.00 ZAR
8/26/20251,400.00 ZAR
8/25/20251,415.00 ZAR
8/22/20251,410.00 ZAR
8/21/20251,384.00 ZAR
8/20/20251,380.00 ZAR
8/19/20251,391.00 ZAR
8/18/20251,378.00 ZAR
8/15/20251,387.00 ZAR
8/14/20251,388.00 ZAR
8/13/20251,405.00 ZAR
8/12/20251,387.00 ZAR
8/11/20251,375.00 ZAR
8/8/20251,392.00 ZAR
8/7/20251,382.00 ZAR
8/6/20251,370.00 ZAR
8/5/20251,357.00 ZAR
8/4/20251,372.00 ZAR
8/1/20251,357.00 ZAR
7/31/20251,375.00 ZAR
7/30/20251,376.00 ZAR
7/29/20251,371.00 ZAR
7/28/20251,356.00 ZAR
7/25/20251,364.00 ZAR
7/24/20251,367.00 ZAR
7/23/20251,362.00 ZAR
7/22/20251,357.56 ZAR
7/21/20251,353.00 ZAR
7/18/20251,349.00 ZAR
7/17/20251,330.00 ZAR
7/16/20251,350.00 ZAR
7/15/20251,359.00 ZAR
7/14/20251,346.00 ZAR
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Netcare Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2021
21.20 B ZAR
2.26 B ZAR
730.00 M ZAR
Jan 1, 2022
21.64 B ZAR
2.46 B ZAR
975.00 M ZAR
Jan 1, 2023
23.70 B ZAR
2.72 B ZAR
1.27 B ZAR
Jan 1, 2024
25.20 B ZAR
3.16 B ZAR
1.44 B ZAR
Jan 1, 2025
26.34 B ZAR
3.58 B ZAR
1.68 B ZAR
Jan 1, 2026 (e)
27.91 B ZAR
3.88 B ZAR
1.94 B ZAR
Jan 1, 2027 (e)
29.17 B ZAR
4.15 B ZAR
2.16 B ZAR
Jan 1, 2028 (e)
30.37 B ZAR
4.52 B ZAR
2.38 B ZAR

Netcare Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 12, 2026, 10:05 AM
 
REVENUEB ZAR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB ZAR
NET INCOMEB ZAR
NET INCOME GROWTH%
DIV.ZAR
DIV. GROWTH%
SHARESB
20132014201520162017201820192020202120222023202420252026e2027e2028e
27.8031.7833.7137.7319.1120.7221.5918.8421.2021.6423.7025.2026.3427.9129.1730.37
10.4414.326.0711.92-49.348.394.21-12.7212.512.069.546.344.535.934.534.12
43.3642.6543.7943.5849.4649.9750.6647.9449.3048.7749.6349.4249.7049.7049.7049.70
12.0613.5614.7616.449.4510.3510.949.0310.4510.5511.7612.4613.0913.8714.5015.10
5.092.112.411.67-0.554.892.390.390.730.981.271.441.681.942.162.38
-220.17-58.6014.48-30.89-132.93-989.80-51.01-83.6286.2233.5630.3612.9817.0615.1111.689.90
0.610.730.860.920.951.011.071.280.540.600.650.760.980.980.98
15.0919.6717.816.983.266.325.9419.6311.118.3316.9228.95
1.351.361.381.351.361.381.361.341.341.351.351.301.251.251.251.25
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Netcare 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 Netcare 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 Netcare'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 Netcare 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 Netcare'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.

Netcare stock margins

The Netcare margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Netcare. 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 Netcare.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
49.30 %
10.68 %
3.44 %
Jan 1, 2022
48.77 %
11.38 %
4.51 %
Jan 1, 2023
49.63 %
11.46 %
5.36 %
Jan 1, 2024
49.42 %
12.53 %
5.70 %
Jan 1, 2025
49.70 %
13.57 %
6.38 %
Jan 1, 2026 (e)
49.70 %
13.91 %
6.94 %
Jan 1, 2027 (e)
49.70 %
14.23 %
7.41 %
Jan 1, 2028 (e)
49.70 %
14.88 %
7.82 %

Netcare Stock Revenue, EBIT, Earnings per Share

The Netcare earnings per share therefore indicates how much revenue Netcare 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.
  • 3 Years

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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, 2021
15.77 ZAR
1.68 ZAR
0.54 ZAR
Jan 1, 2022
16.05 ZAR
1.83 ZAR
0.72 ZAR
Jan 1, 2023
17.62 ZAR
2.02 ZAR
0.94 ZAR
Jan 1, 2024
19.42 ZAR
2.43 ZAR
1.11 ZAR
Jan 1, 2025
21.14 ZAR
2.87 ZAR
1.35 ZAR
Jan 1, 2026 (e)
22.40 ZAR
3.12 ZAR
1.55 ZAR
Jan 1, 2027 (e)
23.41 ZAR
3.33 ZAR
1.73 ZAR
Jan 1, 2028 (e)
24.37 ZAR
3.63 ZAR
1.91 ZAR

Netcare business model & stock analysis

Netcare Ltd. is a South African company in the healthcare industry that specializes in providing high-quality healthcare services in South Africa and the United Kingdom. The company was founded in 1996 and is headquartered in Johannesburg, South Africa. History: Netcare Ltd. began its operations in 1996 as a new holding company for the already established private clinics of Medicross Healthcare Group and Netcare Hospitals. Both companies were active in the healthcare industry and focused on providing high-quality healthcare services in South Africa. Netcare decided to expand its business fields and acquired the British healthcare group General Healthcare Group in 2001, which is now known as Spire Healthcare. With this acquisition, Netcare was able to expand its presence in the international healthcare market. In 2015, Netcare was finally renamed Netcare Ltd. Business model: Netcare is an integrated healthcare provider that offers a wide range of healthcare services. The company operates both public and private hospitals, emergency departments, eye and ear clinics, and rehabilitation centers. The company also offers preventive medicine, counseling services, diagnostic and laboratory tests, as well as telemedicine and health IT services to its customers. One of Netcare's core strategies is the integration of highly qualified doctors and professionals. The company invests heavily in its employees and provides continuous training and further education. The goal is to ensure that the company's employees are at the forefront of medical progress and can provide the best possible healthcare to patients. The company also has a strong commitment to the community it operates in. Netcare provides a wide range of charitable medical services and is committed to promoting health and well-being in the community. Segments: Netcare operates in three core business segments: 1. South Africa business: This business segment includes public and private hospital operations, emergency and rehabilitation services, as well as counseling services, diagnostics, and laboratory tests. In this division, the company is the largest provider of private hospital services in South Africa. 2. United Kingdom business: The UK-based business includes hospital, eye, ENT, and orthopedic clinics, emergency departments, and rehabilitation facilities. Here, the company is part of the leading group of private hospitals in the UK, Spire Healthcare. 3. Other international businesses: Netcare also operates in other parts of Africa, the Middle East, and Portugal, offering a wide range of healthcare services. The company also invests in health IT services and telemedicine initiatives to increase accessibility for patients in remote areas and underserved communities. Products and services: Netcare offers a wide range of healthcare services. The products and services include: - Hospital services: Netcare operates a variety of public and private hospitals. These hospitals offer a wide range of medical services such as general surgery, orthopedics, oncology, obstetrics and gynecology, neurology, and cardiology. - Outpatient services: Netcare also operates a number of outpatient clinics where patients can receive diagnostic and laboratory tests, counseling services, and telemedicine services. - Telemedicine and health IT services: Netcare invests heavily in telemedicine and health IT services to provide better access to healthcare for patients in remote areas and underserved communities. - Rehabilitation: Netcare also offers rehabilitation services to support patients in recovering their health and full functionality. - Preventive medicine: Netcare also offers preventive medicine programs to detect and treat health problems early on. Conclusion: Netcare Ltd. is an integrated healthcare provider that offers a wide range of healthcare services in South Africa, the United Kingdom, and other parts of the world. The company has invested heavily in improving healthcare in recent years and is committed to improving the health and well-being of the communities it operates in. With its strong focus on integrating highly qualified medical professionals and state-of-the-art technology, Netcare will certainly play an important role in healthcare in the future.

Netcare SWOT Analysis

Strengths

Netcare Ltd has a strong market presence and brand recognition in the healthcare industry, allowing it to attract a large customer base. The company has a wide network of hospitals, clinics, and healthcare professionals, providing a comprehensive range of healthcare services. Netcare also possesses advanced medical technology and infrastructure, enabling efficient and high-quality healthcare delivery. The company's well-trained and skilled workforce is another significant strength, enabling them to provide excellent patient care.

Weaknesses

One of the weaknesses of Netcare Ltd is the vulnerability to regulatory changes and government policies, which can impact their operations and profitability. The company may also face challenges in managing patient volumes, especially during peak periods, which can result in longer waiting times and dissatisfaction among patients. Moreover, there might be a lack of coordination and integration between different departments or facilities within Netcare, leading to potential inefficiencies and suboptimal patient experiences.

Opportunities

Netcare Ltd can capitalize on the increasing demand for private healthcare services, driven by factors such as rising incomes and a growing middle-class population. The company can also explore expansion opportunities in emerging markets and regions with underserved healthcare needs. Additionally, advancements in medical technology offer Netcare the opportunity to enhance its service offerings and increase operational efficiency. Collaborations and partnerships with other healthcare providers or technology companies can further leverage these opportunities.

Threats

Netcare Ltd faces potential threats from strong competition in the healthcare industry, both from other private healthcare providers and public healthcare institutions. Economic downturns and fluctuations can affect the affordability and demand for private healthcare services. Changes in healthcare regulations or policies can also pose threats to Netcare's operations and financial performance. Moreover, reputational risks associated with medical malpractice or unfavorable patient outcomes can impact the company's brand image and customer trust.

Netcare 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.

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

Netcare 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.

Netcare shares outstanding

The number of shares of Netcare was 1.25 B in 2025. This indicates how many shares Netcare is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
1.34 B Stocks
Jan 1, 2022
1.35 B Stocks
Jan 1, 2023
1.35 B Stocks
Jan 1, 2024
1.30 B Stocks
Jan 1, 2025
1.25 B Stocks
Jan 1, 2026 (e)
1.25 B Stocks
Jan 1, 2027 (e)
1.25 B Stocks
Jan 1, 2028 (e)
1.25 B Stocks

Netcare stock splits

In Netcare's history, there have been no stock splits.

Netcare Dividend History

28 years of dividend payments · 3 consecutive increases

YearAnnual DividendYoY ChangePayments
20260.49ZARYTD
Jan 21, 20260.49ZAR 36.1%1/1
20250.76ZAR 16.9%
Jan 22, 20250.40ZAR 33.3%1/2
Jul 9, 20250.36ZAR 10.0%2/2
20240.65ZAR 8.3%
20230.60ZAR 11.1%
20220.54ZAR 15.6%
20200.64ZAR 40.2%
20191.07ZAR 5.9%
20181.01ZAR 6.3%
20170.95ZAR 3.3%
20160.92ZAR 7.0%

Netcare dividend history and estimates

In 2025, Netcare paid a dividend amounting to 0.76 ZAR. Dividend means that Netcare distributes a portion of its profits to its owners.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2020 (e)
0.64 ZAR
0.64 ZAR
Jan 1, 2022
0.54 ZAR
0.00 ZAR
Jan 1, 2023
0.60 ZAR
0.00 ZAR
Jan 1, 2024
0.65 ZAR
0.00 ZAR
Jan 1, 2025
0.76 ZAR
0.00 ZAR
Jan 1, 2026 (e)
0.49 ZAR
0.49 ZAR
Jan 1, 2027 (e)
0.00 ZAR
0.98 ZAR
Jan 1, 2028 (e)
0.00 ZAR
0.98 ZAR

Netcare dividend payout ratio

In 2025, Netcare had a payout ratio of 56.33%. The payout ratio indicates the percentage of the company's profits that Netcare distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
59.53 %
Jan 1, 2022
74.66 %
Jan 1, 2023
63.49 %
Jan 1, 2024
58.75 %
Jan 1, 2025
56.33 %
Jan 1, 2026 (e)
63.09 %
Jan 1, 2027 (e)
56.48 %
Jan 1, 2028 (e)
51.40 %

Current Netcare forecasts and price targets in July 2026

Analyst Price Targets 2026
Δ MOM Price Target
2.15 %
Buy77.78 % (7)
Hold22.22 % (2)
Sell0.00 % (0)
12M Price Target
16.98
Last Price
1,860.00
Currency
ZAR
12M Return Potential
-99.09 %
LTM Return
0 %

Netcare Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/22/20230.69ZAR10.99 BZAR2023 Q2
11/21/20220.72ZAR12.49 BZAR2022 Q4
5/23/20220.74ZAR11.12 BZAR2022 Q2
11/22/20210.65ZAR11.12 BZAR2021 Q4
5/24/20210.02ZAR9.29 BZAR2021 Q2
11/23/2020-0.40ZAR7.30 BZAR2020 Q4
5/25/20200.81ZAR11.08 BZAR2020 Q2
11/18/20190.91ZAR11.81 BZAR2019 Q4
5/13/20190.98ZAR11.00 BZAR2019 Q2
11/19/20180.81ZAR10.74 BZAR2018 Q4

EESG©

Eulerpool ESG Scorecard© for the Netcare stock

73/100
83
Environment
95
Social
41
Governance
E

Environment

20
Scope 1 - Direct Emissions40,720
Scope 2 - Indirect emissions from purchased energy180,280
Scope 3 - Indirect emissions within the value chain545,612
Total CO₂ emissions221,000
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 employees79.8
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.

Netcare shareholder structure

% Name
22.37248%
Public Investment Corporation (SOC) Limited
Public Investment Corporation (SOC) Limited
7.56285%
Fairtree Asset Management (Pty) Ltd
Fairtree Asset Management (Pty) Ltd
6.59330%
Templeton Asset Management Ltd.
Templeton Asset Management Ltd.
5.49794%
Foord Asset Management (Pty) Limited
Foord Asset Management (Pty) Limited
5.07291%
Ninety One SA Pty Ltd.
Ninety One SA Pty Ltd.
4.06985%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
...

Netcare Executives and Management Board

RF

Dr. Richard Friedland

(61)

Group Chief Executive Officer, Executive Director · since 1997

Compensation28.20 M ZAR
KG

Mr. Keith Gibson

(54)

Group Chief Financial Officer, Executive Director · since 2011

Compensation16.53 M ZAR
MC

Ms. Melanie Da Costa

(52)

Director - Strategy and Health Policy and Managing Director - Netcare Akeso

Compensation11.03 M ZAR
CG

Mr. Craig Grindell

(53)

Managing Director - Netcare 911

Compensation8.90 M ZAR
BM

Dr. Billyy Van Der Merwe

(63)

Managing Director - Primary Care Division

Compensation8.68 M ZAR

Frequently asked questions about Netcare

The business model of Netcare Ltd revolves around the provision of quality healthcare services and solutions. Netcare operates a network of private hospitals, clinics, and primary care centers, aimed at delivering comprehensive and accessible healthcare to individuals and communities. The company focuses on service excellence, innovation, and strategic partnerships to offer a wide range of medical treatments, specialized services, and diagnostic capabilities. With a strong presence in South Africa and the United Kingdom, Netcare aims to serve as a healthcare partner, combining clinical expertise, advanced technology, and compassionate care to enhance patient outcomes and wellbeing.

All fundamentals and in-depth analysis of Netcare

Our stock analysis for Netcare 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 Netcare. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.