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STOCK COMPARISON

HCA Healthcare vs Netcare: Fair Value & Quality

Both stocks run through our valuation models. Here is how HCA Healthcare (HCA) and Netcare (NTCP) compare, as of Sep 6, 2026.

As of Sep 6, 2026, Fair Value Calculator sees HCA Healthcare as the more attractively valued of the two: HCA Healthcare trades at $405 versus a fair value of $548 (+35%), while Netcare trades at ZAR 125 versus ZAR 13.61 (-89%).
HCA Healthcare
HCA · USD · Health Care
+35%
upside to fair value
undervalued
Price$405
Fair Value$548
Quality71/100
Netcare
NTCP.JSE · ZAC · Health Care
-89%
upside to fair value
overvalued
PriceZAR 125
Fair ValueZAR 13.61
Quality62/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

HCA HealthcareNetcare
Valuation
14.0×P/E (TTM)1.6×
1.06×P/S (TTM)
7.8×EV/EBITDA
1.18×PEG
+35.2%Fair value upside−89.1%
0.7%Dividend yield0.0%
$2.94Dividend per shareZAR 0.93
Profitability
15%Operating margin13%
1.12×EBIT margin trend (5Y)2.04×
136%Return on equity18%
12%Return on assets8%
Growth
4%Revenue growth (YoY)5%
7.9%Avg. growth/yr (3Y)6.8%
8.0%Avg. growth/yr (5Y)6.9%
+22.7%Value creation/yr+20.5%
Balance & size
5.3×Interest coverage (EBIT/interest)3.1×
Debt / equity0.63×
$81BMarket cap$17M
healthyGrowth qualitymixed

HCA Healthcare leads: 9 to 2 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

HCA Healthcareof which business quality 66 · market factors 41 Netcareof which business quality 57 · market factors 76
ProfitabilityMargins and returns on capital today
76
58
Quality GrowthAre margins and returns improving?
61
52
CashflowEarnings quality: real cash, not paper profit
62
32
Fin. StrengthBalance sheet, leverage, solvency risk
39
39
InvestmentDisciplined investing over empire-building
75
86
Low VolatilityCalm price path (market factor)
58
77
MomentumPrice trend over the last 3–12 months (market factor)
34
69
52W MomentumDistance to the 52-week high (market factor)
33
87
Net IssuanceBuybacks instead of dilution
100
100

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyHCA HealthcarePrice $405NetcarePrice ZAR 125
DCF Models+35%above the price$546-89%below the priceZAR 13.75
Earnings-Based-29%below the price$289-87%below the priceZAR 15.81
Dividend Discount-87%below the price$53.85-96%below the priceZAR 4.64
Multiples+66%above the price$673-76%below the priceZAR 30.25
Asset-Basedn/a-96%below the priceZAR 5.34
Growth DCF+33%above the price$540-91%below the priceZAR 11.07
Economic Profit+3%close to the price$419-90%below the priceZAR 12.57
Growth Earnings+25%above the price$506-83%below the priceZAR 21.34
Minimum-87%below the price$53.85-96%below the priceZAR 4.64
Maximum+66%above the price$673-76%below the priceZAR 30.25
Median+25%above the price$506-89%below the priceZAR 13.16
Geometric mean-13%close to the price$351-90%below the priceZAR 12.18

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

HCA Healthcare: 6 of 23 models see the stock below the current price.

Netcare: 24 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

HCA Healthcare
Bear $260Fair Value $548Bull $841
$405 = current price (white tick)
Netcare
Bear ZAR 7.18Fair Value ZAR 13.61Bull ZAR 20.74
ZAR 125 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

HCA Healthcare · Health Care

Quality score71 · Top 25%
Fair value upside+35% · Top 25%

Netcare · Health Care

Quality score62 · above median
Fair value upside-89% · bottom 25%

Bottom line

As of Sep 6, 2026, Fair Value Calculator sees HCA Healthcare as the more attractively valued of the two: HCA Healthcare trades at $405 versus a fair value of $548 (+35%), while Netcare trades at ZAR 125 versus ZAR 13.61 (-89%).

HCA Healthcare has the higher quality score (71/100).

See the full analysis →

More comparisons

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.