NIB HOLDINGS LIMITED (NHF)
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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

$6.73

05 Jun
2025

-0.040

OPEN

$6.80

-0.59%

HIGH

$6.80

967,029

LOW

$6.70

TARGET
$6.893 2.4% 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 40.5 xxx
DPS (cps) xxx 29.0 27.2 xxx
EPS Growth xxx - 7.5% 5.7% xxx
DPS Growth xxx 3.6% - 6.3% xxx
PE Ratio xxx N/A 16.4 xxx
Dividend Yield xxx N/A 4.1% xxx
Div Pay Ratio(%) xxx 75.7% 67.1% xxx

Dividend yield today if purchased 3 years ago: 3.95%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.36

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

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

07/05/2025

3

Neutral

$7.35

9.21%

UBS views the 3Q25 trading update from nib Holdings as mixed. Policyholder growth appears to be meeting the guidance range of 3%, with the rate rise of 5.79% as of April 1 expected to support 4Q25, the broker explains.

Margins seem to have been more robust than anticipated, with lower claims inflation noted across the industry, the analyst highlights.

UBS prefers Medibank Private ((MPL)) over nib Holdings due to ongoing concerns regarding New Zealand operations and earnings volatility.

nib Holdings' target price is raised to $7.35 from $7.20, with the Neutral rating unchanged.

FORECAST
UBS forecasts a full year FY25 dividend of 26.00 cents and EPS of 40.00 cents.
UBS forecasts a full year FY26 dividend of 30.00 cents and EPS of 45.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$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

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

13/05/2025

2

Overweight

$7.20

6.98%

Jarden retains an Overweight rating on Nib Holdings and raises the target price to $7.20 from $6.95, citing margin strength in the Australian health insurance (ARHI) segment.

Despite persistent inflation in New Zealand, management reaffirmed FY25 guidance, which Jarden interprets as confidence in ARHI offsetting regional weaknesses.

The broker forecasts ARHI gross margins will rise to 17.7% in FY25, with net margins expected to reach 7.3% on the back of benign claims inflation and cost-out benefits.

ARHI unit sales momentum is strong, highlights Jarden, with management noting the highest sales in a decade despite premium increases.

In contrast, Jarden sharply downgrades expectations for the New Zealand business due to claims inflation of 26% and projected 2H25 losses, revising FY25 NZ earnings to -$14m from $9m prior.

FORECAST
Jarden forecasts a full year FY25 dividend of 28.00 cents and EPS of 36.40 cents.
Jarden forecasts a full year FY26 dividend of 31.00 cents and EPS of 45.00 cents.
Access Extra Coverage Research History >

NHF STOCK CHART

FNArena News on NHF

1
Rudi’s View: Is Buy The Dip Changing Markets?

May 21 2025 - Rudi's View
2
Australian Broker Call *Extra* Edition – May 13, 2025

May 13 2025 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – May 12, 2025

May 12 2025 - Daily Market Reports
4
Next Week At A Glance – 12-16 May 2025

May 09 2025 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Apr 20, 2025

Apr 22 2025 - Daily Market Reports

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