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Healius Limited (HLS) Fair Value & Analysis

Healthcare · AU · Market cap A$236M

HL Healius Limited HLS · AU
PriceA$0.4000
Fair ValueA$0.2550
Upside-36.3%
Quality36/100
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Evidence: High Range A$0.1695 – A$0.3405

Fair value as of: Jul 16, 2026

From 16 valuation models · updated yesterday

Share price +1.3% over the past month.

Price vs Fair Value (12 months)

A$1.04 A$0.3150 Fair Value A$0.2550 Jul 2025 Jul 2026

12‑month range A$0.3150 – A$1.04 · fair‑value band A$0.1695 – A$0.3405 · the A$0.4000 price screens above the A$0.2550 fair value. As of Jul 16, 2026.

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Analysis

Healius Limited (HLS) currently trades at A$0.4000, while our model-based Fair Value estimate is A$0.2550, implying the stock looks roughly 36.3% overvalued today. We read business quality at 36/100 (below-average quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Healius Limited generated revenue of A$1.4B at a net margin of -12.3%. Revenue grew 3.9% year over year. It earns a return on equity of -69.4%. Net debt stands at A$855M. Fundamentals as of Jul 16, 2026

Our scenario range runs from A$0.1695 (bear case) to A$0.3405 (bull case); at A$0.4000, the current price sits above that range. The share trades about 63% below its 52-week high and 31% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -52% fair-value upside, at -36%, HLS screens cheaper than that median.

Key figures & financial health

Revenue (TTM) A$1.4B
Revenue growth (YoY) +3.9%
Net margin -12.3%
Return on equity -69.4%
Free cash flow A$232M FY2025
Operating margin 1.2%
More key figures
EPS (TTM) A$-0.7600
EPS growth (YoY) +286%
Net debt A$855M FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 16, 2026. TTM = trailing twelve months.

About the company

Healius Limited provides medical laboratory and pathology services in Australia. The company provides services under the Laverty Pathology, Dorevitch Pathology, QML Pathology, Western Diagnostic Pathology, Genomic Diagnostic, Vetnostics Pathology, QML Pathology, TML Pathology, Abbott Pathology, IQ Pathology, Kossard, Gastrolab, and Agilex Biolabs brands. It operates medical laboratories and patient collection centers. The company was formerly known as Primary Health Care Limited and changed its name to Healius Limited in December 2018. Healius Limited was incorporated in 1994 and is based in Sydney, Australia.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Healius Limited reported revenue of A$1.3B in FY2025 versus A$1.9B in FY2021, a compound −8.3%/yr. Reported net income was −A$151M in FY2025.

Revenue −8.3%/yr
FY21 A$1.9B
FY22 A$2.3B
FY23 A$1.7B
FY24 A$1.7B
FY25 A$1.3B
Net income
FY21 A$43.7M
FY22 A$308M
FY23 −A$368M
FY24 −A$646M
FY25 −A$151M

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Cite: Fair Value Calculator (2026). "Healius Limited Fair Value". https://www.fairvalue-calculator.com/stock/HLS.AU

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Frequently asked questions

Is Healius Limited (HLS) undervalued?
As of Jul 16, 2026, our model estimates a fair value of A$0.2550 versus a price of A$0.4000, about −36% (overvalued). Model-based estimate, not financial advice.
What is the fair value of HLS?
Our model-based fair value for Healius Limited is A$0.2550 (as of Jul 16, 2026), built from audited fundamentals. The current price is A$0.4000.
What is the quality score of HLS?
Healius Limited has a Quality Score of 36/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Healius Limited (HLS)?
Healius Limited reported trailing-twelve-month revenue of about A$1.4B (latest available figure, as of Jul 16, 2026).
What is the net profit margin of HLS?
The net profit margin of Healius Limited is about -12.3%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.