Netcare (NTC.JO) Stock Price
Netcare Price
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 4.21%. 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 6.0% below where the stock trades today. Of 9 analysts, 7 rate the stock a buy — an overall Buy consensus. The stock trades about 33% above its 52-week low.
Netcare stock price
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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.
| Date | Netcare Price |
|---|---|
| 8/31/2026 | 18.07 ZAR |
| 8/28/2026 | 18.14 ZAR |
| 8/27/2026 | 17.99 ZAR |
| 8/26/2026 | 17.90 ZAR |
| 8/25/2026 | 18.09 ZAR |
| 8/24/2026 | 18.12 ZAR |
| 8/21/2026 | 18.12 ZAR |
| 8/20/2026 | 18.11 ZAR |
| 8/19/2026 | 18.30 ZAR |
| 8/18/2026 | 18.31 ZAR |
| 8/17/2026 | 18.33 ZAR |
| 8/14/2026 | 18.48 ZAR |
| 8/13/2026 | 18.47 ZAR |
| 8/12/2026 | 18.63 ZAR |
| 8/11/2026 | 18.70 ZAR |
| 8/7/2026 | 19.00 ZAR |
| 8/6/2026 | 19.13 ZAR |
| 8/5/2026 | 19.18 ZAR |
| 8/4/2026 | 19.24 ZAR |
| 7/31/2026 | 18.93 ZAR |
| 7/30/2026 | 18.85 ZAR |
| 7/29/2026 | 18.89 ZAR |
| 7/28/2026 | 18.42 ZAR |
| 7/27/2026 | 18.36 ZAR |
| 7/24/2026 | 18.10 ZAR |
| 7/23/2026 | 18.14 ZAR |
| 7/22/2026 | 18.33 ZAR |
| 7/21/2026 | 18.36 ZAR |
| 7/20/2026 | 18.51 ZAR |
| 7/17/2026 | 18.49 ZAR |
Netcare Revenue, EBIT, Net Income
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Netcare Income Statement, Balance Sheet, Cash Flow Statement
| REVENUEB ZAR |
|---|
| REVENUE GROWTH% |
| GROSS MARGIN% |
| GROSS INCOMEB ZAR |
| EBITB ZAR |
| EBIT MARGIN% |
| NET INCOMEB ZAR |
| NET INCOME GROWTH% |
| DIVIDENDDIV.ZAR |
| DIVIDEND GROWTHDIV. GROWTH% |
| SHARESB |
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 27.80 | 31.78 | 33.71 | 37.73 | 19.11 | 20.72 | 21.59 | 18.84 | 21.20 | 21.64 | 23.70 | 25.20 | 26.34 | 27.58 | 28.82 | 30.13 |
| 10.44 | 14.32 | 6.07 | 11.92 | -49.34 | 8.39 | 4.21 | -12.72 | 12.51 | 2.06 | 9.54 | 6.34 | 4.53 | 4.69 | 4.50 | 4.55 |
| 43.36 | 42.65 | 43.79 | 43.58 | 49.46 | 49.97 | 50.66 | 47.94 | 49.30 | 48.77 | 49.63 | 49.42 | 49.70 | 49.70 | 49.70 | 49.70 |
| 12.06 | 13.56 | 14.76 | 16.44 | 9.45 | 10.35 | 10.94 | 9.03 | 10.45 | 10.55 | 11.76 | 12.46 | 13.09 | 13.71 | 14.33 | 14.98 |
| 3.06 | 3.25 | 3.73 | 4.13 | 3.33 | 3.49 | 3.64 | 1.32 | 2.26 | 2.46 | 2.72 | 3.16 | 3.58 | 3.99 | 4.44 | 4.73 |
| 11.01 | 10.24 | 11.06 | 10.94 | 17.43 | 16.83 | 16.86 | 7.00 | 10.68 | 11.38 | 11.46 | 12.53 | 13.57 | 14.46 | 15.42 | 15.69 |
| 5.09 | 2.11 | 2.41 | 1.67 | -0.55 | 4.89 | 2.39 | 0.39 | 0.73 | 0.98 | 1.27 | 1.44 | 1.68 | 1.97 | 2.23 | 2.50 |
| -220.17 | -58.60 | 14.48 | -30.89 | -132.93 | -989.80 | -51.01 | -83.62 | 86.22 | 33.56 | 30.36 | 12.98 | 17.06 | 16.95 | 13.22 | 12.44 |
| 0.61 | 0.73 | 0.86 | 0.92 | 0.95 | 1.01 | 1.07 | 1.28 | – | 0.54 | 0.60 | 0.65 | 0.76 | 0.98 | 0.98 | 0.98 |
| 15.09 | 19.67 | 17.81 | 6.98 | 3.26 | 6.32 | 5.94 | 19.63 | – | – | 11.11 | 8.33 | 16.92 | 28.95 | – | – |
| 1.35 | 1.36 | 1.38 | 1.35 | 1.36 | 1.38 | 1.36 | 1.34 | 1.34 | 1.35 | 1.35 | 1.30 | 1.25 | 1.25 | 1.25 | 1.25 |
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
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Netcare Stock Revenue, EBIT, Earnings per Share
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Netcare business model & stock analysis
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
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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
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Netcare stock splits
Netcare Dividend History
28 years of dividend payments · 3 consecutive increases
Netcare dividend history and estimates
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Netcare dividend payout ratio
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Current Netcare forecasts and price targets in September 2026
Analyst Price Targets 2026Netcare Analyst Rating Actions
| Date | Firm | Action | Rating | Reliability |
|---|---|---|---|---|
| 2/11/2019 | Upgrade | UnderperformNeutral | 72 |
Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.
Netcare Earnings Calls
Netcare Earnings Estimates & Surprises
| Date | EPS estimate | EPS Actual | Revenue Estimate | Price reaction | Quarterly report |
|---|---|---|---|---|---|
| 5/22/2023 | 0.69ZAR | - | 10.99 BZAR | - | 2023 Q2 |
| 11/21/2022 | 0.72ZAR | - | 12.49 BZAR | - | 2022 Q4 |
| 5/23/2022 | 0.74ZAR | - | 11.12 BZAR | - | 2022 Q2 |
| 11/22/2021 | 0.65ZAR | - | 11.12 BZAR | - | 2021 Q4 |
| 5/24/2021 | 0.02ZAR | - | 9.29 BZAR | - | 2021 Q2 |
| 11/23/2020 | -0.40ZAR | - | 7.30 BZAR | - | 2020 Q4 |
| 5/25/2020 | 0.81ZAR | - | 11.08 BZAR | - | 2020 Q2 |
| 11/18/2019 | 0.91ZAR | - | 11.81 BZAR | - | 2019 Q4 |
| 5/13/2019 | 0.98ZAR | - | 11.00 BZAR | - | 2019 Q2 |
| 11/19/2018 | 0.81ZAR | - | 10.74 BZAR | - | 2018 Q4 |
EESG©
Eulerpool ESG Scorecard© for the Netcare stock
EEnvironment
20
Environment
SSocial
20
Social
GGovernance (Corporate Governance)
4
Governance (Corporate Governance)
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 |
|---|---|
5.49794% | |
1.73935% | |
1.60742% | |
1.27529% | |
0.65276% | |
0.48583% |
Netcare Beneficial Ownership Filings (SEC 13D/G)
Netcare Executives and Management Board
20 members · avg. age 53 · 45 % women
Dr. Richard Friedland (61)
Group Chief Executive Officer, Executive Director · since 1997
28.20 M ZAR
Management
Mr. Keith Gibson (54)
Group Chief Financial Officer, Executive Director · since 2011
Ms. Melanie Da Costa (52)
Director - Strategy and Health Policy and Managing Director - Netcare Akeso
Mr. Craig Grindell (53)
Managing Director - Netcare 911
Dr. Billyy Van Der Merwe (63)
Managing Director - Primary Care Division
Mr. Teshlin Akaloo (41)
Managing Director - NetcarePlus
Mr. Travis Dewing (51)
Chief Information Officer
Board of Directors
Ms. Bukelwa Bulo (47)
Independent Non-Executive Director
Ms. Lezanne Human (55)
Independent Non-Executive Director
Dr. Rozett Phillips (54)
Independent Non-Executive Director
Mr. Alex Maditsi (62)
Independent Non-Executive Chairman of the Board
Ms. Louisa Stephens (48)
Independent Non-Executive Director
Mr. Ian Kirk (66)
Independent Non-Executive Director
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.
Netcare Ltd is primarily active in the healthcare industry.
The main competitors of Netcare Ltd in the market include Life Healthcare Group Holdings Ltd and Mediclinic International Ltd.
Netcare Ltd is a leading South African healthcare provider with a rich history and background. Established in 1996, Netcare has grown to become a trusted name in the healthcare industry. The company operates a network of hospitals, clinics, and primary healthcare facilities, delivering quality medical services to communities across South Africa, the United Kingdom, and Lesotho. Netcare is committed to providing patient-centered care and employs a team of highly skilled medical professionals. With a focus on innovation and continuous improvement, Netcare remains at the forefront of the ever-evolving healthcare sector, ensuring the well-being and welfare of its patients.
Some significant milestones achieved by Netcare Ltd include its establishment in 1996 as a private healthcare group in South Africa, its 1997 listing on the Johannesburg Stock Exchange (JSE), and its subsequent expansion into the United Kingdom with the acquisition of General Healthcare Group in 2001. In 2005, Netcare made its entry into the Middle East with the acquisition of stakes in United Arab Emirates-based healthcare providers. Furthermore, Netcare has consistently focused on providing quality healthcare services, pioneering advanced medical techniques, and leveraging technological advancements to enhance patient care.
Netcare Ltd is primarily present in South Africa and the United Kingdom. With its headquarters in Johannesburg, South Africa, Netcare Ltd operates a large network of private hospitals, primary care clinics, and emergency medical services across the country. Additionally, the company has expanded its operations in the United Kingdom, providing quality healthcare services through its subsidiary, BMI Healthcare. Netcare Ltd's presence in both South Africa and the United Kingdom allows it to cater to the medical needs of patients in these regions, ensuring access to top-notch healthcare facilities and services.
Netcare Ltd represents values of quality, compassion, and innovation in the healthcare industry. With a strong corporate philosophy centered around patient care, the company strives to provide the highest standard of medical services. Netcare believes in investing in the well-being of its communities, offering state-of-the-art facilities and cutting-edge technology to deliver comprehensive healthcare solutions. As an industry leader, Netcare fosters a culture of integrity, teamwork, and professionalism among its dedicated medical professionals and staff. By prioritizing patient-centered care and continuously pushing boundaries, Netcare Ltd remains committed to making a positive impact on the health and well-being of individuals and communities it serves.
Analysts currently set an average price target of 16.93 ZAR for the Netcare stock (median: 16.98 ZAR), implying -6.3 % versus the latest price. The consensus is based on 9 analyst ratings.
9 analysts currently rate the Netcare stock: 7 recommend buying, 2 holding and 0 selling. For 2026, analysts expect Netcare to generate revenue of 27.58 B ZAR and earnings per share of 1.58 ZAR.
Converted at the current exchange rate, the Netcare share trades at 0.97 EUR (18.07 ZAR).
Netcare Ltd is a leading company in the healthcare sector in South Africa. It was founded in 1996 and is based in Johannesburg. With over 11,000 employees, Netcare operates 58 hospitals in South Africa and Lesotho. It provides high-quality medical services and advanced medical technology for patients in the region. The business model of Netcare consists of four main divisions: hospitals, emergency and rescue services, medical products and services division, and international medical services. The hospital division is the largest division of Netcare and includes 58 hospitals in South Africa and Lesotho. The hospitals offer a wide range of healthcare services, including emergency care, obstetrics, cancer treatment, cardiovascular diseases, neurology, and orthopedics. Netcare also has specialized centers for pediatric medicine, bariatric surgery, in vitro fertilization, and mental health. Netcare's emergency and rescue services division provides fast and effective medical assistance for emergencies or serious illnesses. The emergency centers are open 24 hours a day, 7 days a week and offer quick response times for patients in need of urgent medical help. Netcare's medical products and services division offers specialized medical devices, equipment, and services for healthcare providers. This includes laboratory services, medical imaging services, data management, and training for medical personnel. Netcare also provides international medical services, particularly in Mauritius and the Seychelles. These services include outpatient treatments, rehabilitation, and postoperative care. In addition to these four main divisions, Netcare offers a variety of products and services to promote the well-being and health of patients. These include health checks, health coaching, health courses, nutritional counseling, and prevention programs. Netcare is continuously working to improve the quality of medical services and integrate innovative technologies and procedures into its practices. It has deployed advanced technology such as robotic surgery and magnetic resonance imaging to ensure accurate diagnoses and effective treatments. Netcare's business model is focused on providing patients with the best possible medical care and promoting the healthcare industry in South Africa and Lesotho. It strives for high-quality, safe, and effective treatment to gain the trust and satisfaction of its patients.
The expected revenue of Netcare is 27.58 B ZAR. This figure is based on current financial data and reflects the company's business performance.
The expected profit of Netcare is 1.97 B ZAR. The net profit reflects the company's profitability after deducting all expenses.
The price-to-earnings ratio (P/E) of Netcare is currently 11.45. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Netcare stock.
The price-to-sales ratio (P/S) of Netcare is currently 0.82. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Netcare stock.
The Eulerpool Quality Score for Netcare is 4/10.
The ISIN of Netcare is ZAE000011953. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The WKN of Netcare is 932568. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.
The ticker of Netcare is NTC.JO. The ticker symbol is used to trade Netcare shares on the stock exchange.
Over the past 12 months, Netcare paid a dividend of 0.76 ZAR . This corresponds to a dividend yield of about 4.21 %. For the coming 12 months, Netcare is expected to pay a dividend of 0.98 ZAR.
The current dividend yield of Netcare is 4.21 %.
Netcare pays a dividend, distributed in the months of , , , .
Netcare paid dividends every year for the past 4 years.
For the upcoming 12 months, dividends amounting to 0.98 ZAR are expected. This corresponds to a dividend yield of 5.42 %.
Netcare is assigned to the 'Health' sector.
To receive the latest dividend of Netcare from amounting to 0.49 ZAR, you needed to have the stock in your portfolio before the ex-date on .
The last dividend was paid out on .
In the year 2025, Netcare distributed 0.65 ZAR as dividends.
The dividends of Netcare are distributed in ZAR.
Netcare stock
Netcare Peer Group
Netcare Ticker
Netcare FIGI
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.