HEALIUS LIMITED (HLS)
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HLS

HLS - HEALIUS LIMITED

FNArena Sector : Healthcare services
Year End: June
GICS Industry Group : Health Care Equipment & Services
Debt/EBITDA: 4.61
Index: ASX200 | ASX300 | ALL-ORDS

Healius, formerly Primary Health Care, is an Australian provider of Pathology, Diagnostic and Day Hospital services. It has been listed since 1998.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.34

24 Mar
2025

0.005

OPEN

$1.35

0.37%

HIGH

$1.36

1,697,655

LOW

$1.32

TARGET
$1.267 -5.5% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ACL . AHX . ALC . BMT . DOC . EBO . M7T . MDR . MPL . MVF . NHF . PSQ . RHC . SHL . SLA .
FNARENA'S MARKET CONSENSUS FORECASTS
HLS: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 97.9 - 3.3 xxx
DPS (cps) xxx 0.0 13.3 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 10.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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: 07/09 - ex-div 6c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-97.9
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx1,746.2 M
Book Value Per Share xxxxxxxxxxxxxxx143.3
Net Operating Cash Flow xxxxxxxxxxxxxxx237.8 M
Net Profit Margin xxxxxxxxxxxxxxx-36.42 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-49.94 %
Return on Invested Capital xxxxxxxxxxxxxxx-23.66 %
Return on Assets xxxxxxxxxxxxxxx-19.17 %
Return on Equity xxxxxxxxxxxxxxx-49.94 %
Return on Total Capital xxxxxxxxxxxxxxx2.22 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx186.9 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 xxxxxxxxxxxxxxx271 M
Long Term Debt xxxxxxxxxxxxxxx1,327 M
Total Debt xxxxxxxxxxxxxxx1,598 M
Goodwill - Gross xxxxxxxxxxxxxxx1,297 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx60 M
Price To Book Value xxxxxxxxxxxxxxx1.05

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx64.0 M
Capex % of Sales xxxxxxxxxxxxxxx3.67 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,416 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx265 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3 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

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Macquarie

24/02/2025

3

Neutral

$1.40

4.48%

First half underlying earnings from Healius were in line, as imaging outperformed and offset weaker pathology.

Macquarie envisages the divestment of Lumus Imaging will improve the balance sheet and awaits detail in relation to the deployment of surplus proceeds.

The broker downwardly revises estimates for EPS in FY25 by -31.4% reflecting the removal of Lumus Imaging on top of adjustments to operating assumptions. FY26 estimates are raised by 23%. Neutral. Target is raised to $1.40 from $1.35.

FORECAST
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -2.20 cents.
Macquarie forecasts a full year FY26 dividend of 3.00 cents and EPS of 3.70 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

03/03/2025

4

Underweight

$1.18

-11.94%

Jarden suggests the highlight of Healius' 1H25 result was the strong revenue growth and margin expansion in the Lumus Imaging business, but the latter has been sold to resolve the over-geared balance.

While EBIT delivered in line with guidance provided at the November AGM, Jarden notes the pathology EBITDA margins fell -190bps to 17.3%, and pathology EBIT margins were down -10bps to only 0.6%.

The broker is looking ahead to Investor Day on March 27 for insight into the costs associated with the Lumus sale and the company's transformation program.

The analyst raised FY25 EBIT forecast by 3.1%, but lowered FY26-27 by -8.2% and -10.1% respectively. Target price drops to $1.18 from $1.25. Underweight maintained.

FORECAST
Jarden forecasts a full year FY25 EPS of 0.10 cents.
Jarden forecasts a full year FY26 dividend of 1.40 cents and EPS of 2.10 cents.
Access Extra Coverage Research History >

HLS STOCK CHART

FNArena News on HLS

1
Australian Broker Call *Extra* Edition – Mar 03, 2025

Mar 03 2025 - Daily Market Reports
2
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Feb 24 2025 - Australia
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Feb 14 2025 - Weekly Reports
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Feb 06 2025 - Rudi's View

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