NIB HOLDINGS LIMITED (NHF)
Share Price Analysis and Chart

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NHF - NIB HOLDINGS LIMITED

FNArena Sector : Insurance
Year End: June
GICS Industry Group : Insurance
Debt/EBITDA: N/A
Index: ASX100 | 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

$5.64

20 Nov
2024

-0.110

OPEN

$5.73

-1.91%

HIGH

$5.75

616,065

LOW

$5.64

TARGET
$6.835 21.2% 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 28.3 xxx
EPS Growth xxx - 7.5% 8.9% xxx
DPS Growth xxx 3.6% - 2.6% xxx
PE Ratio xxx N/A 13.3 xxx
Dividend Yield xxx N/A 5.1% xxx
Div Pay Ratio(%) xxx 75.7% 67.7% xxx

Dividend yield today if purchased 3 years ago: 4.09%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.21

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 © 2024 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

0.3

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

5

xxxxxxxxx xx xxxxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

13/11/2024

3

Equal-weight

$6.40

13.48%

The midpoint of nib Holdings' FY25 operating profit guidance of $235-250m missed forecasts by Morgan Stanley and consensus by -2% and -5%, respectively.

The broker notes a weak New Zealand performance, with management expecting a -$10m 1H25 operating loss, while the Australian ARHI division performed in line with or better than expected.

Target $6.40. Equal-weight. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 dividend of 28.40 cents and EPS of 40.50 cents.
Morgan Stanley forecasts a full year FY26 dividend of 30.40 cents and EPS of 43.30 cents.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

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

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

14/11/2024

3

Neutral

$7.20

27.66%

Jarden notes nib Holdings' solid growth in the Australian Resident Health Insurance (ARHI) segment, with a 3.2% year-on-year increase in net policyholders as of Q1.

New Zealand operations remain a concern as ongoing inflationary pressures drove claims inflation over 15%, leading to an expected -$10m operating profit loss in H1 FY25, as the company's pricing strategy struggles to keep pace.

While net margin guidance for Australian Residents Health Insurance (ARHI) of 6-7% is reiterated, the broker conservatively positions FY25 underlying operating profit at the low end of the company's guidance range of $235-250m.

Longer-term EPS forecasts have been adjusted, with a -5% cut for FY25 and 1-4% upgrades for FY26-27 as Jarden remains cautious about inflation risks.

Jarden raises its target price to $7.20 from $6.85 and retains a Neutral rating.

FORECAST
Jarden forecasts a full year FY25 dividend of 27.00 cents and EPS of 40.00 cents.
Jarden forecasts a full year FY26 dividend of 28.00 cents and EPS of 42.50 cents.
Access Extra Coverage Research History >

NHF STOCK CHART

FNArena News on NHF

1
Rudi’s View: The Importance Of ‘Quality’ Growth

Nov 21 2024 - Rudi's View
2
Australian Broker Call *Extra* Edition – Nov 18, 2024

Nov 18 2024 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 15-11-24

Nov 18 2024 - Weekly Reports
4
Rudi’s View: A Rally With No Earnings Support

Nov 14 2024 - Rudi's View
5
Australian Broker Call *Extra* Edition – Nov 14, 2024

Nov 14 2024 - Daily Market Reports

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