NIB HOLDINGS LIMITED (NHF)
Share Price Analysis and Chart

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NHF

NHF - NIB HOLDINGS LIMITED

FNArena Sector : Insurance
Year End: June
GICS Industry Group : Insurance
Debt/EBITDA: N/A
Index: ASX200 | ASX300 | ALL-ORDS

nib Holdings is an Australian healthcare fund. Originally established in 1952 to provide health insurance to BHP steel workers, it became a listed company in 2007.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.82

14 May
2025

-0.020

OPEN

$6.81

-0.29%

HIGH

$6.86

2,573,620

LOW

$6.79

TARGET
$6.893 1.1% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AUB . CVW . FCL . GDG . HLI . IAG . MPL . NOL . QBE . SDF . SUN . TWR .
FNARENA'S MARKET CONSENSUS FORECASTS
NHF: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 38.3 41.8 xxx
DPS (cps) xxx 29.0 27.4 xxx
EPS Growth xxx - 7.5% 9.2% xxx
DPS Growth xxx 3.6% - 5.4% xxx
PE Ratio xxx N/A 16.3 xxx
Dividend Yield xxx N/A 4.0% xxx
Div Pay Ratio(%) xxx 75.7% 65.5% xxx

Dividend yield today if purchased 3 years ago: 4.06%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.25

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 05/09 - ex-div 14c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx38.3
DPS All xxxxxxxxxxxxxxx29.0
Sales/Revenue xxxxxxxxxxxxxxx3,413.9 M
Book Value Per Share xxxxxxxxxxxxxxx212.5
Net Operating Cash Flow xxxxxxxxxxxxxxx257.1 M
Net Profit Margin xxxxxxxxxxxxxxx5.47 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx18.69 %
Return on Invested Capital xxxxxxxxxxxxxxx14.48 %
Return on Assets xxxxxxxxxxxxxxx8.67 %
Return on Equity xxxxxxxxxxxxxxx18.69 %
Return on Total Capital xxxxxxxxxxxxxxx21.86 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx109.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx8 M
Long Term Debt xxxxxxxxxxxxxxx299 M
Total Debt xxxxxxxxxxxxxxx307 M
Goodwill - Gross xxxxxxxxxxxxxxx371 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx275 M
Price To Book Value xxxxxxxxxxxxxxx3.46

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx48.6 M
Capex % of Sales xxxxxxxxxxxxxxx1.42 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx184 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1,091 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

04/04/2025

1

Buy

$7.65

12.17%

Ord Minnett has reiterated its buy rating on nib Holdings, keeping the $7.65 price target in place.

The stock remains the broker's top pick among health insurers, with the sector proving resilient during the recent equity market sell-off.

Forecasts have been raised slightly, with EPS upgrades of 0.5-1% across the forecast period. Valuation remains appealing given consistent earnings delivery and strong capital position.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

12/05/2025

1

Buy

$7.20

5.57%

Management at nib Holdings has retained FY25 underlying operating profit (UOP) guidance of $235-250m, but warns this may be hard to achieve given expected 2H losses in its New Zealand business, observes Goldman Sachs .

Pressure in NZ is being partially offset by strong margins in Australian Resident Health Insurance (ARHI) and disciplined expense control, explains the broker.

While Australian Residents Health Insurance (ARHI) policyholder growth remains on track, NZ earnings guidance was downgraded as claims inflation reached 26% year-to-date, highlight the analysts.

The latter was driven by longer public hospital wait times and increased private utilisation.

Management is responding with premium hikes of 20-30% and product repricing. Strategic options are also being explored for the Travel segment following leadership changes, notes Goldman.

The price target rises to $7.20 from $7.00 and the Buy rating is kept. The broker points to valuation appeal and upside from margin recovery and repricing in New Zealand.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 27.00 cents and EPS of 37.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 29.00 cents and EPS of 45.00 cents.
Access Extra Coverage Research History >

NHF STOCK CHART

FNArena News on NHF

1
Australian Broker Call *Extra* Edition – May 13, 2025

May 13 2025 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – May 12, 2025

May 12 2025 - Daily Market Reports
3
Next Week At A Glance – 12-16 May 2025

May 09 2025 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Apr 20, 2025

Apr 22 2025 - Daily Market Reports
5
In Brief: Is The Aussie Market Misunderstood?

Mar 21 2025 - Weekly Reports

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