Fairvalue-Calculator Fairvalue-Calculator
EN DE

Netcare Limited (NTC) Fair Value & Analysis

Healthcare · ZA · Market cap 19.6B ZAC

NL Netcare Limited NTC · JSE
PriceR17.88
Fair ValueR24.80
Upside+38.7%
Quality95/100
Evidence: High Range R14.18 – R39.59

Fair value as of: Jun 26, 2026

From 25 valuation models · updated 3 days ago

Share price +1.6% over the past month.

Price vs Fair Value (12 months)

R17.91 R13.23 Fair Value R24.80 Jun 2025 Jun 2026

12‑month range R13.23 – R17.91 · fair‑value band R14.18 – R39.59 · the R17.88 price screens below the R24.80 fair value. As of Jun 26, 2026.

✦ Which stocks are undervalued right now? Check free Discover now →

Analysis

Netcare Limited (NTC) currently trades at R17.88, while our model-based Fair Value estimate is R24.80 — implying the stock looks roughly 38.7% undervalued today. We read business quality at 95/100 (high quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Netcare Limited generated revenue of 26.9B ZAR at a net margin of 6.8%. Revenue grew 4.8% year over year. It earns a return on equity of 17.6%. Net debt stands at 11.1B ZAR. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 26.9B ZAC
Revenue growth (YoY) +4.8%
Net margin 6.8%
Return on equity 17.6%
Free cash flow 817M ZAC FY2025
P/E ratio 11.8
More key figures
Operating margin 13.2%
EPS (TTM) R1.44
EPS growth (YoY) +19.1%
Net debt 11.1B ZAC FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Netcare Limited, an investment holding company, operates private hospitals in South Africa. It operates through Hospital and Emergency Services, and Primary Care segments. The Hospital and Emergency Services segment engages in the hospital and pharmacy operations. Its operations covers its private acute hospital network and day clinics; and non-acute services, including emergency medical services, mental health clinics operation, diagnostics support services, and cancer care services, as well as sells healthcare products. The Primary Care segment offers healthcare services, and employee health and wellness services, as well as administrative services to medical and dental practices. It also engages in the financing, property owning, and pharmaceutical services. It operates through a network of acute hospitals, netcare 911 sites, cancer care centres, haematology centres, renal dialysis facilities, dialysis stations, point of care devices, mental health hospitals, primary health care …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Netcare Limited reported revenue of R26.3B in FY2025 versus R21.2B in FY2021, a compound +5.6%/yr. Reported net income was R1.7B in FY2025, compounding +22.7%/yr from FY2021.

Revenue +5.6%/yr
FY21 R21.2B
FY22 R21.6B
FY23 R23.7B
FY24 R25.2B
FY25 R26.3B
Net income +22.7%/yr
FY21 R769M
FY22 R1.0B
FY23 R1.3B
FY24 R1.5B
FY25 R1.7B

Open the full interactive analysis →

Similar stocks

6 more Medical Care Facilities stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

Stock Price Fair Value vs Fair Value
HCA Healthcare, Inc H1CA34 R$95.75 R$123.65 +29%
Fresenius SE FSNUY $11.47 $8.55 -25%
5225 5225 8.70 MYR 2.61 MYR -70%
IHHHF IHHHF $1.71 $1.17 -32%
Tenet Healthcare Corporation THC $162.06 $282.55 +74%
Rede D'Or São Luiz S.A RDOR3 R$32.76 R$30.33 -7%

Explore undervalued stocks

More undervalued Healthcare stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap Stocks

Frequently asked questions

Is Netcare Limited (NTC) undervalued?
As of Jun 26, 2026, our model estimates a fair value of R24.80 versus a price of R17.88 — about +39% (undervalued). Model-based estimate, not financial advice.
What is the fair value of NTC?
Our 21-model fair value for Netcare Limited is R24.80 (as of Jun 26, 2026), built from audited fundamentals. The current price is R17.88.
What is the quality score of NTC?
Netcare Limited has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Netcare Limited (NTC)?
Netcare Limited reported trailing-twelve-month revenue of about 26.9B ZAR (latest available figure, as of Jun 26, 2026).
What is the net profit margin of NTC?
The net profit margin of Netcare Limited is about 6.8%, meaning it keeps roughly 6.8% of revenue as net income. 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.

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