FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED (FPH)
Share Price Analysis and Chart

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FPH

FPH - FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED

FNArena Sector : Medical Equipment & Devices
Year End: March
GICS Industry Group : Health Care Equipment & Services
Debt/EBITDA: 0.23
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Fisher & Paykel Healthcare is a designer and manufacturer of systems used in respiratory care and treatment of sleep disorders. It was separated from Fisher & Paykel and listed on the ASX and NZX in 2001. A brief Nasdaq listing was terminated in 2003. Only 1% of its revenues stems from New Zealand.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$32.89

01 Aug
2025

-1.200

OPEN

$33.77

-3.52%

HIGH

$33.77

444,130

LOW

$32.76

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FNARENA'S MARKET CONSENSUS FORECASTS
FPH: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) 66.3 xxx
DPS (cps) 43.9 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 49.6 xxx
Dividend Yield 1.3% xxx
Div Pay Ratio(%) 66.2% xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 2.05%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.18

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: 05/12 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx58.6
DPS All xxxxxxxxxxxxxxx45.5
Sales/Revenue xxxxxxxxxxxxxxx1,842.0 M
Book Value Per Share xxxxxxxxxxxxxxx293.2
Net Operating Cash Flow xxxxxxxxxxxxxxx499.4 M
Net Profit Margin xxxxxxxxxxxxxxx18.64 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx20.62 %
Return on Invested Capital xxxxxxxxxxxxxxx19.75 %
Return on Assets xxxxxxxxxxxxxxx15.57 %
Return on Equity xxxxxxxxxxxxxxx20.62 %
Return on Total Capital xxxxxxxxxxxxxxx25.59 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx254.1 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 xxxxxxxxxxxxxxx79 M
Long Term Debt xxxxxxxxxxxxxxx61 M
Total Debt xxxxxxxxxxxxxxx139 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx240 M
Price To Book Value xxxxxxxxxxxxxxx10.40

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx93.8 M
Capex % of Sales xxxxxxxxxxxxxxx5.09 %
Cost of Goods Sold xxxxxxxxxxxxxxx683 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx693 M
Research & Development xxxxxxxxxxxxxxx207 M
Investments - Total xxxxxxxxxxxxxxx35 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

0.5

No. Of Recommendations

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

UBS

xx/xx/xxxx

3

xxxxxxx

-

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxx-xxxxxx

-

xx.xx%

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Macquarie

02/06/2025

1

Outperform

-

-

Fisher & Paykel Healthcare's FY25 revenue beat Macquarie's forecast by 1%, with hospital revenue 2% ahead and homecare coming in line.

The company's FY26 operating revenue guidance of NZ$2.15-2.25bn was largely in line with the broker's forecast of NZ$2.20bn.

The broker notes the company expects to achieve 65% gross margin target by FY28, which was higher than its previous forecast.

EPS forecast for FY26 lifted by 2% and by 1% for FY27. Outperform. Target price NZ$39.30.

FORECAST
Macquarie forecasts a full year FY26 dividend of 39.55 cents and EPS of 65.31 cents.
Macquarie forecasts a full year FY27 dividend of 40.74 cents and EPS of 73.62 cents.

Citi

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxx

-

xx.xx%

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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%

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Wilsons

02/06/2025

1

Overweight

$37.58

14.26%

Fisher & Paykel Healthcare reported FY25 revenue of NZ$2.02bn and profit of NZ$377m, both ahead of Wilsons' expectations.

Gross margin rose to 62.9%, with hospital segment growth driven by new applications, explain the analysts.

FY26 guidance is conservative, suggests the broker, with revenue forecast between NZ$2.152.25bn and profit NZ$390-440m.

Management noted US tariff headwinds and a normalised flu season, but expects further margin expansion.

The Overweight rating is retained, supported by the broker's 16% EPS compound annual growth rate (CAGR) forecast through FY28. The target rises to $37.58 from $35.

FORECAST
Wilsons forecasts a full year FY26 dividend of 43.84 cents and EPS of 65.77 cents.
Wilsons forecasts a full year FY27 dividend of 49.32 cents and EPS of 75.54 cents.
Access Extra Coverage Research History >

FPH STOCK CHART

FNArena News on FPH

1
Australian Broker Call *Extra* Edition – Jul 29, 2025

Jul 29 2025 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 06-06-25

Jun 10 2025 - Weekly Reports
3
Fisher & Paykel Healthcare’s Tariffs Annoyance

Jun 04 2025 - Australia
4
Australian Broker Call *Extra* Edition – Jun 02, 2025

Jun 02 2025 - Daily Market Reports
5
FNArena Corporate Results Monitor – 30-05-2025

May 30 2025 - Australia

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