NIB HOLDINGS LIMITED (NHF)
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NHF - NIB HOLDINGS LIMITED

FNArena Sector : Insurance
Year End: June
GICS Industry Group : Insurance
Debt/EBITDA: N/A
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

nib Holdings is an Australian healthcare fund. Originally established in 1952 to provide health insurance to BHP steel workers, it became a listed company in 2007.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.08

08 Nov
2024

0.050

OPEN

$6.08

0.83%

HIGH

$6.14

596,754

LOW

$6.07

TARGET
$7.052 16.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AUB . CVW . FCL . GDG . HLI . IAG . MPL . NOL . QBE . SDF . SUN . TWR .
FNARENA'S MARKET CONSENSUS FORECASTS
NHF: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 38.3 43.9 xxx
DPS (cps) xxx 29.0 29.5 xxx
EPS Growth xxx - 7.5% 14.5% xxx
DPS Growth xxx 3.6% 1.6% xxx
PE Ratio xxx N/A 13.8 xxx
Dividend Yield xxx N/A 4.8% xxx
Div Pay Ratio(%) xxx 75.7% 67.1% xxx

Dividend yield today if purchased 3 years ago: 4.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.77

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: 05/09 - ex-div 14c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx38.3
DPS All xxxxxxxxxxxxxxx29.0
Sales/Revenue xxxxxxxxxxxxxxx3,413.9 M
Book Value Per Share xxxxxxxxxxxxxxx212.5
Net Operating Cash Flow xxxxxxxxxxxxxxx257.1 M
Net Profit Margin xxxxxxxxxxxxxxx5.47 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx18.69 %
Return on Invested Capital xxxxxxxxxxxxxxx14.48 %
Return on Assets xxxxxxxxxxxxxxx8.67 %
Return on Equity xxxxxxxxxxxxxxx18.69 %
Return on Total Capital xxxxxxxxxxxxxxx21.86 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx109.5 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 xxxxxxxxxxxxxxx8 M
Long Term Debt xxxxxxxxxxxxxxx299 M
Total Debt xxxxxxxxxxxxxxx307 M
Goodwill - Gross xxxxxxxxxxxxxxx371 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx275 M
Price To Book Value xxxxxxxxxxxxxxx3.46

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx48.6 M
Capex % of Sales xxxxxxxxxxxxxxx1.42 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx184 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1,091 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

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

28/08/2024

1

Add

$7.31

20.23%

nib Holdings’ FY24 reported profit was -9% below Morgans with underlying operating profit -4% below. The primary takeaway was total claims growth in A&NZ has spiked somewhat, seemingly putting an end to the previously benign claims environment.

While this was a somewhat disappointing result, the broker believes it presents an opportunity to buy a "pretty well performed" business over time, which is now trading on a less demanding 14x FY25 PE multiple.

Target falls to $7.31 from $7.92, Add retained.

FORECAST
Morgans forecasts a full year FY25 dividend of 30.90 cents and EPS of 44.30 cents.
Morgans forecasts a full year FY26 dividend of 34.00 cents and EPS of 48.50 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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%

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Goldman Sachs

28/08/2024

1

Buy

$6.60

8.55%

nib Holdings reported earnings well below Goldman Sachs' forecasts and consensus estimates.

Margins in Australian residents health insurance contracted to 6%-7% range with rising claims inflation of 5.7% against the longer-term level of 4.7%. New Zealand operations were also adversely impacted by higher claims inflation.

Travel was impacted by the loss of the Qantas Airways ((QAN)) contract; investment income rose 12.8% because of higher investment income.

Buy rated. Target price $6.60.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 25.00 cents and EPS of 45.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 29.00 cents and EPS of 48.00 cents.
Access Extra Coverage Research History >

NHF STOCK CHART

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