COCHLEAR LIMITED (COH)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

COH - COCHLEAR LIMITED

FNArena Sector : Medical Equipment & Devices
Year End: June
GICS Industry Group : Health Care Equipment & Services
Debt/EBITDA: 0.4
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Cochlear is a medical device company that designs, manufactures and supplies hearing implants to the global market. Formed in 1981 with finance from the Australian government, it became a listed entity in 1995, and has grown to become the global leader in its field.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$303.25

17 Jan
2025

-0.640

OPEN

$305.70

-0.21%

HIGH

$306.00

57,340

LOW

$301.86

TARGET
$295.904 -2.4% downside
Franking for last dividend paid out: 80%
OTHER COMPANIES IN THE SAME SECTOR
4DX . AT1 . AYA . BB1 . BRN . CAT . CBL . CGS . CMP . CSX . CU6 . CVB . CYC . EBR . EMV . EYE . FPH . IDX . IME . IMR . IPD . LDX . MX1 . NAN . ONE . PCK . PEB . PGC . PME . RMD . SOM . TRJ . UBI . VTI .
FNARENA'S MARKET CONSENSUS FORECASTS
COH: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 544.4 636.5 xxx
DPS (cps) xxx 410.0 448.5 xxx
EPS Growth xxx 19.1% 16.9% xxx
DPS Growth xxx 24.2% 9.4% xxx
PE Ratio xxx N/A 48.5 xxx
Dividend Yield xxx N/A 1.5% xxx
Div Pay Ratio(%) xxx 75.3% 70.5% xxx

Dividend yield today if purchased 3 years ago: 2.10%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.33

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: 17/09 - ex-div 210c (franking 80%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx544.4
DPS All xxxxxxxxxxxxxxx410.0
Sales/Revenue xxxxxxxxxxxxxxx2,258.2 M
Book Value Per Share xxxxxxxxxxxxxxx2,817.3
Net Operating Cash Flow xxxxxxxxxxxxxxx388.8 M
Net Profit Margin xxxxxxxxxxxxxxx15.80 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx19.88 %
Return on Invested Capital xxxxxxxxxxxxxxx18.05 %
Return on Assets xxxxxxxxxxxxxxx13.43 %
Return on Equity xxxxxxxxxxxxxxx19.88 %
Return on Total Capital xxxxxxxxxxxxxxx25.85 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx80.7 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 xxxxxxxxxxxxxxx42 M
Long Term Debt xxxxxxxxxxxxxxx202 M
Total Debt xxxxxxxxxxxxxxx244 M
Goodwill - Gross xxxxxxxxxxxxxxx258 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx514 M
Price To Book Value xxxxxxxxxxxxxxx11.79

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx89.8 M
Capex % of Sales xxxxxxxxxxxxxxx3.98 %
Cost of Goods Sold xxxxxxxxxxxxxxx562 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,175 M
Research & Development xxxxxxxxxxxxxxx277 M
Investments - Total xxxxxxxxxxxxxxx185 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

-0.2

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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

Macquarie

01/11/2024

3

Upgrade to Neutral from Underperform

$289.00

-4.70%

Macquarie raises its target for Cochlear to $289 from $283 and upgrades to Neutral from Underperform.

After a -16% share price slump since FY24 results on weaker-than-expected FY25 guidance, the current share price implies market-share gains and a NPAT margin in line with the broker's forecasts.

Macquarie still sees greater appeal in other healthcare names CSL ((CSL)) and ResMed ((RMD)).

FORECAST
Macquarie forecasts a full year FY25 dividend of 452.00 cents and EPS of 648.00 cents.
Macquarie forecasts a full year FY26 dividend of 509.00 cents and EPS of 731.00 cents.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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

UBS

xx/xx/xxxx

5

xxxx

$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

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

3

xxxxxxx

$xx.xx

xx.xx%

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

Wilsons

19/08/2024

1

Overweight

$345.00

13.77%

Wilsons maintains an Overweight rating on Cochlear, revising its target to $345 from $365. The stock had a -7% down-day because FY24 market estimates, including the broker's, became overheated, following the February upgrade (as per the broker's admission).

Wilsons sees nothing "sinister", and FY25 guidance and commentary had some of the strongest implant & acoustics language the broker has seen in years. We forget how spectacular the N8 launch was through calendar 2023, says Wilsons.

The market knocked a valuation point off Cochlear’s valuation, but may yet give it back, the broker suggests.

FORECAST
Wilsons forecasts a full year FY25 dividend of 444.00 cents and EPS of 639.00 cents.
Wilsons forecasts a full year FY26 dividend of 393.00 cents and EPS of 705.00 cents.
Access Extra Coverage Research History >

COH STOCK CHART

FNArena News on COH

1
Rudi’s View: Best Buys & Convictions For 2025

Jan 16 2025 - Rudi's View
2
Rudi’s View: Final Best Buys & Conviction Ideas

Dec 23 2024 - Rudi's View
3
Rudi’s View: Banks, WiseTech, Redox & Integral Diagnostics

Dec 19 2024 - Rudi's View
4
Rudi’s View: Best Buys & Smaller Cap Favourites

Dec 12 2024 - Rudi's View
5
Rudi’s View: In Santa We Trust (?)

Dec 05 2024 - Rudi's View

Latest Medical Equipment & Devices News

1
The Trend Remains Pro Medicus’ Friend

Jan 16 2025 - Technicals
2
Diagnostic Imaging Radiates Opportunity

Dec 18 2024 - Small Caps
3
ResMed’s Bounce-Back Complete

Oct 29 2024 - Australia
4
Dr Boreham’s Crucible: Pro Medicus

Sep 04 2024 - Australia
5
Pro Medicus: Don’t Stop Me Now

Aug 20 2024 - Technicals
6
Dr Boreham’s Crucible: Blinklab

May 20 2024 - Small Caps
7
ResMed Silences The Doubters

Apr 29 2024 - Australia
8
Dr Boreham’s Crucible: 4D Medical

Apr 23 2024 - Small Caps
9
Uptrend Resumed For ResMed

Mar 19 2024 - Technicals
10
Dr Boreham’s Crucible: Cochlear

Feb 28 2024 - Australia