MONASH IVF GROUP LIMITED (MVF)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

MVF

MVF - MONASH IVF GROUP LIMITED

FNArena Sector : Healthcare services
Year End: June
GICS Industry Group : Pharmaceuticals, Biotechnology & Life Sciences
Debt/EBITDA: 2.7
Index: ALL-ORDS

Monash IVF is an Australian provider of IVF, Ultrasound and genetic testing services throughout Australia and Asia. The company has been listed since 2014.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.64

11 Mar
2026

-0.005

OPEN

$0.65

-0.78%

HIGH

$0.65

436,320

LOW

$0.63

TARGET
$0.84 31.3% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ACL . ALC . BMT . DOC . EBO . HLS . IDX . M7T . MPL . NHF . RHC . SHL .
FNARENA'S MARKET CONSENSUS FORECASTS
MVF: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 6.4 5.0 xxx
DPS (cps) xxx 2.6 2.7 xxx
EPS Growth xxx N/A - 21.7% xxx
DPS Growth xxx - 48.0% 1.9% xxx
PE Ratio xxx N/A 12.7 xxx
Dividend Yield xxx N/A 4.1% xxx
Div Pay Ratio(%) xxx 40.5% 52.7% xxx

Dividend yield today if purchased 3 years ago: 2.59%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.09

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: 06/03 - ex-div 2.60c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx6.4
DPS All xxxxxxxxxxxxxxx2.6
Sales/Revenue xxxxxxxxxxxxxxx271.9 M
Book Value Per Share xxxxxxxxxxxxxxx63.2
Net Operating Cash Flow xxxxxxxxxxxxxxx8.9 M
Net Profit Margin xxxxxxxxxxxxxxx9.20 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx10.25 %
Return on Invested Capital xxxxxxxxxxxxxxx6.36 %
Return on Assets xxxxxxxxxxxxxxx5.00 %
Return on Equity xxxxxxxxxxxxxxx10.25 %
Return on Total Capital xxxxxxxxxxxxxxx11.00 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-23.4 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx10 M
Long Term Debt xxxxxxxxxxxxxxx170 M
Total Debt xxxxxxxxxxxxxxx180 M
Goodwill - Gross xxxxxxxxxxxxxxx273 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx9 M
Price To Book Value xxxxxxxxxxxxxxx1.12

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx14.4 M
Capex % of Sales xxxxxxxxxxxxxxx5.31 %
Cost of Goods Sold xxxxxxxxxxxxxxx196 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx31 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1 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

0.7

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Bell Potter

27/02/2026

3

Hold

$0.75

17.19%

Monash IVF’s declines in 1H26 revenue, gross margins and earnings were not as bad as consensus had forecast. Margins declined -360bps, which is a good reflection of the challenges the company has faced via a combination of brand and industry headwinds, Bell Potter notes.

Clinical pregnancy rates remain positive and new patient registrations have stabilised, the broker reports, which is a leading indicator of future IVF activity.

After the challenges of 2025, new leadership has an opportunity to reset the business, right size its resourcing, adjust the operating model and pursue growth initiatives. Until we see a broader industry recovery, Bell Potter remains cautious on Monash’s prospects.

Target falls to 75c from 77c, Hold retained.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 2.80 cents and EPS of 5.10 cents.
Bell Potter forecasts a full year FY27 dividend of 3.00 cents and EPS of 5.60 cents.

Morgans

xx/xx/xxxx

1

xxxxxxxxxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
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

Canaccord Genuity

09/03/2026

3

Hold

$0.69

7.81%

Monash IVF provided a first half result that was ahead of estimates. Cannacord Genuity was particularly surprised by the beat to revenue given the market share loss, and hopes that going forward the company will regain control of market share.

There was not enough evidence in the results for the broker to be convinced that the competitive position has improved, nor for industry demand to show more resilience.

Lingering doubts about the IVF sector's intrinsic value keep Cannacord Genuity from being more constructive and a Hold rating is retained. Target rises to 69c from 65c.

Monash IVF's interim profit of $10.4m represented a fall of -34% on the prior year but came in ahead of the broker's $9.7m forecast and the consensus estimate of $10.1m.

Australian assisted reproductive services revenue of $138m beat the broker’s $127m estimate despite volumes falling -12%, with stronger revenue per cycle supported by pricing and genetics.

International revenue grew 14% though earnings (EBITDA) contribution was flat, indicating weaker margins.

FY26 profit guidance of around $20m is maintained, broadly in line with the consensus estimate but above the broker’s forecast.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 3.00 cents and EPS of 5.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 4.00 cents and EPS of 5.00 cents.
Access Extra Coverage Research History >

MVF STOCK CHART

FNArena News on MVF

1
Australian Broker Call *Extra* Edition – Mar 09, 2026

Mar 09 2026 - Daily Market Reports
2
FNArena Corporate Results Monitor – 27-02-2026

Feb 27 2026 - Australia
3
Next Month At A Glance – Dec 24 – Jan 30, 2026

Dec 24 2025 - Weekly Reports
4
Weekly Ratings, Targets, Forecast Changes – 05-12-25

Dec 08 2025 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Nov 26, 2025

Nov 26 2025 - Daily Market Reports

Latest Healthcare services News

1
Better Times Ahead For Sonic Healthcare?

Jun 20 2025 - Australia
2
The Significance Of Cosmetique’s ASX Listing

Feb 26 2025 - Small Caps
3
Building The No 3 Diagnostic Imaging Player

Jun 19 2024 - Small Caps
4
Capitol Health’s Higher Margin Outlook

Mar 13 2024 - Small Caps
5
Treasure Chest: Ramsay Health Care

Oct 26 2023 - Treasure Chest
6
Timing Seems Right For Alcidion Group

Jun 21 2023 - Small Caps
7
No Enthusiasm To Combine ACL & Healius

Mar 21 2023 - Australia
8
Dr Boreham’s Crucible: Alcidion

Dec 13 2022 - Small Caps
9
No Straight Covid-Relief For Ramsay Health Care

Nov 15 2022 - Australia
10
Dr Boreham’s Crucible: Mach7 Technologies

Nov 14 2022 - Small Caps