FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED (FPH)
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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: 0.17
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

$33.31

17 Jul
2026

0.120

OPEN

$33.14

0.36%

HIGH

$33.49

142,381

LOW

$33.14

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FNARENA'S MARKET CONSENSUS FORECASTS
FPH: 1
Title FY27
Forecast		 FY28
Forecast
EPS (cps) 78.0 xxx
DPS (cps) 49.8 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 42.6 xxx
Dividend Yield 1.5% xxx
Div Pay Ratio(%) 63.8% 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: 1.92%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.31

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: 22/06 - (franking ex-div 27.05c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx70.9
DPS All xxxxxxxxxxxxxxx54.4
Sales/Revenue xxxxxxxxxxxxxxx2,078.4 M
Book Value Per Share xxxxxxxxxxxxxxx300.2
Net Operating Cash Flow xxxxxxxxxxxxxxx589.3 M
Net Profit Margin xxxxxxxxxxxxxxx20.03 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx23.93 %
Return on Invested Capital xxxxxxxxxxxxxxx22.90 %
Return on Assets xxxxxxxxxxxxxxx17.73 %
Return on Equity xxxxxxxxxxxxxxx23.93 %
Return on Total Capital xxxxxxxxxxxxxxx31.69 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx211.6 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx27 M
Long Term Debt xxxxxxxxxxxxxxx94 M
Total Debt xxxxxxxxxxxxxxx122 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx384 M
Price To Book Value xxxxxxxxxxxxxxx10.37

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx173.5 M
Capex % of Sales xxxxxxxxxxxxxxx8.35 %
Cost of Goods Sold xxxxxxxxxxxxxxx745 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx741 M
Research & Development xxxxxxxxxxxxxxx209 M
Investments - Total xxxxxxxxxxxxxxx36 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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Citi

xx/xx/xxxx

3

xxxxxxx

-

xx.xx%

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Macquarie

27/05/2026

1

Outperform

-

-

Fisher & Paykel Healthcare's FY26 profit has been increased 28% (constant currency) to NZ$468m, at the top end of NZ$450-470m guidance range, Macquarie notes, albeit in line with expectations.

Hospital hardware was the key surprise, up 27%, driven by fleet replacement of the Airvo 3/950 system.

Macquarie's EPS revisions of +1%/-5%/-8% in FY27/FY28/FY29 reflect minor operational updates and house FX forecasts in outer years. Target falls to NZ$43.70 from NZ$45.80.

Macquarie sees the medium- to longer-term outlook as favourable, supported by uptake of new apps consumables, OSA patient growth and increased utilisation from changing clinical practices. Outperform retained.

FORECAST
Macquarie forecasts a full year FY27 dividend of 45.91 cents and EPS of 77.27 cents.
Macquarie forecasts a full year FY28 dividend of 47.28 cents and EPS of 86.77 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

-

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

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

12/05/2026

3

Neutral

-

-

Jarden maintains a Neutral rating for Fisher & Paykel Healthcare and lowers the target price to NZ$39.50 from NZ$40.20 ahead of the upcoming full-year results release.

A strong finish to FY26 is anticipated, with hospital product demand outperforming expectations due to structural changes in clinical practice rather than seasonal flu variations.

Near-term volatility is expected as maiden FY27 guidance must navigate higher oil-based feedstock inflation, elevated freight rates linked to Middle East disruptions, and an evolving US tariff regime.

Despite these external cost headwinds, the clinical evidence pipeline remains robust, supporting ongoing medium-term growth prospects across new hospital applications.

Adjusting for these cost pressures and higher risk-free rates, earnings per share estimates have been revised to NZ80.9c from NZ80.7c in FY26, to NZ90.8c from NZ92.9c in FY27, and to NZ104.6c from NZ105.7c in FY28.

FORECAST
Jarden forecasts a full year FY27 EPS of 77.78 cents.
Access Extra Coverage Research History >

FPH STOCK CHART

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