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Netcare Valuation Multiples
Discover revenue and EBITDA valuation multiples for Netcare and similar public comparables like Terveystalo, Dr. Sulaiman Al Habib Medical Services, Ramsay Santé, Thomson Medical and more.
Netcare Overview
About Netcare
Netcare Ltd operates a network of hospitals in South Africa. Its network also includes emergency, cancer care, diagnostic support, primary care, and renal care services as well as occupational health and wellness services. The firm operates in two segments: Hospital and emergency services and Primary Care. The Hospital and emergency services segment contributes to majority of the firm's revenue. Netcare's services include Netcare appointmed TM, Netcare Cancer Care, Netcare Family Connect Line, Netcare Occupational Health and Netcare Pharmacy.
Founded
1996
HQ
Employees
18.5K
Website
Sectors
Financials (LTM)
EV
$2B
Netcare Financials
Netcare reported last 12-month revenue of $2B and EBITDA of $307M.
In the same LTM period, Netcare generated $808M in gross profit, $307M in EBITDA, and $112M in net income.
Revenue (LTM)
Netcare P&L
In the most recent fiscal year, Netcare reported revenue of $2B and EBITDA of $310M.
Netcare expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $808M | XXX | $797M | XXX | XXX | XXX |
| Gross Margin | 50% | XXX | 50% | XXX | XXX | XXX |
| EBITDA | $307M | XXX | $310M | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 19% | XXX | XXX | XXX |
| EBIT Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| Net Profit | $112M | XXX | $106M | XXX | XXX | XXX |
| Net Margin | 7% | XXX | 7% | XXX | XXX | XXX |
| Net Debt | — | — | $334M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Netcare Stock Performance
Netcare has current market cap of $1B, and enterprise value of $2B.
Market Cap Evolution
Netcare's stock price is $1.07.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $1B | 0.0% | XXX | XXX | XXX | $0.09 |
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Start Free TrialNetcare Valuation Multiples
Netcare trades at 1.2x EV/Revenue multiple, and 6.5x EV/EBITDA.
EV / Revenue (LTM)
Netcare Financial Valuation Multiples
As of April 18, 2026, Netcare has market cap of $1B and EV of $2B.
Equity research analysts estimate Netcare's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Netcare has a P/E ratio of 11.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | 1.2x | XXX | XXX | XXX |
| EV/EBITDA | 6.5x | XXX | 6.4x | XXX | XXX | XXX |
| EV/EBIT | 8.9x | XXX | 8.7x | XXX | XXX | XXX |
| EV/Gross Profit | 2.5x | XXX | 2.5x | XXX | XXX | XXX |
| P/E | 11.4x | XXX | 12.0x | XXX | XXX | XXX |
| EV/FCF | 18.6x | XXX | 15.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Netcare Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Netcare Margins & Growth Rates
Netcare's revenue in the last 12 month grew by 8%.
Netcare's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.
Netcare's rule of 40 is 25% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Netcare's rule of X is 34% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Netcare Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | 19% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | 5% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 25% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 34% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 41% | XXX | 38% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 35% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Netcare Public Comps
See public comps and valuation multiples for other Hospitals & Clinics comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Netcare | XXX | XXX | XXX | XXX | XXX | XXX |
| Terveystalo | XXX | XXX | XXX | XXX | XXX | XXX |
| Dr. Sulaiman Al Habib Medical Services | XXX | XXX | XXX | XXX | XXX | XXX |
| Ramsay Santé | XXX | XXX | XXX | XXX | XXX | XXX |
| Thomson Medical | XXX | XXX | XXX | XXX | XXX | XXX |
| U.S. Physical Therapy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Netcare M&A Activity
Netcare acquired XXX companies to date.
Last acquisition by Netcare was on XXXXXXXX, XXXXX. Netcare acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Netcare
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialNetcare Investment Activity
Netcare invested in XXX companies to date.
Netcare made its latest investment on XXXXXXXX, XXXXX. Netcare invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Netcare
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Netcare
| When was Netcare founded? | Netcare was founded in 1996. |
| Where is Netcare headquartered? | Netcare is headquartered in South Africa. |
| How many employees does Netcare have? | As of today, Netcare has over 18K employees. |
| Who is the CEO of Netcare? | Netcare's CEO is Richard Friedland. |
| Is Netcare publicly listed? | Yes, Netcare is a public company listed on Johannesburg Stock Exchange. |
| What is the stock symbol of Netcare? | Netcare trades under NTC ticker. |
| When did Netcare go public? | Netcare went public in 1996. |
| Who are competitors of Netcare? | Netcare main competitors are Terveystalo, Dr. Sulaiman Al Habib Medical Services, Ramsay Santé, Thomson Medical. |
| What is the current market cap of Netcare? | Netcare's current market cap is $1B. |
| What is the current revenue of Netcare? | Netcare's last 12 months revenue is $2B. |
| What is the current revenue growth of Netcare? | Netcare revenue growth (NTM/LTM) is 8%. |
| What is the current EV/Revenue multiple of Netcare? | Current revenue multiple of Netcare is 1.2x. |
| Is Netcare profitable? | Yes, Netcare is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Netcare? | Netcare's last 12 months EBITDA is $307M. |
| What is Netcare's EBITDA margin? | Netcare's last 12 months EBITDA margin is 19%. |
| What is the current EV/EBITDA multiple of Netcare? | Current EBITDA multiple of Netcare is 6.5x. |
| What is the current FCF of Netcare? | Netcare's last 12 months FCF is $107M. |
| What is Netcare's FCF margin? | Netcare's last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of Netcare? | Current FCF multiple of Netcare is 18.6x. |
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