Netcare Limited (NTC.JO) stock analysis

In our weekly check, Netcare Limited is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 5, red flags: 4.

About Netcare Limited

Netcare Limited is a Healthcare company (Medical - Care Facilities) based in South Africa, listed on JNB as NTC.JO.

What our checks show for NTC.JO

Red flags

• Operating profit does not cover the interest bill (0.2x): interest is paid from cash or new debt.
• The dividend takes 967% of profit: little cushion if profit falls.
• A small company (market value $13 million): usually riskier and followed by fewer analysts.
• The stock has fallen as much as 75% from a peak. Would you have held through that?

Warning signs

• Net debt is 2.2x a year of EBITDA (debt/equity 1.27). That limits room in a downturn and raises refinancing risk.
• Analysts expect only about 4.6% a year of growth in revenue.
• The net margin is only 6.6%: little room if costs rise.
• Free cash flow is only 3.1% of revenue.
• The stock is still below its previous peak.

Strengths

• The net margin rose by 3 points over 5 years, to 6.6%.
• Operating cash flow is 1.4x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 14.3% a year over the next years.
• Earnings per share grew 23.3% a year over the last 3 years.
• Net profit grew 19.8% a year over the last 3 years.
• The price is 13 times earnings (P/E), reasonable for its growth.

Next earnings report: 2026-11-23

Similar companies

THC · FRE.DE · EHC · RHC.AX · FMS

Questions

What grade does Netcare Limited (NTC.JO) have?

In our weekly check, Netcare Limited is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 5, red flags: 4. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of NTC.JO stock?

This week's biggest flags for Netcare Limited: Weak interest cover, Dividend stretched, Small company. In total 9 of 25 checks show a warning or a red flag.

What does Netcare Limited do?

Netcare Limited is a Healthcare company (Medical - Care Facilities) based in South Africa, listed on JNB as NTC.JO.

When does Netcare Limited report earnings next?

The next earnings report is expected on 2026-11-23. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-11-07

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