Try our mobile app

General information

Sector: Health Care

The company is available at Interactive Brokers

Life Healthcare's (JSE:LHC) 49 acute hospitals are found in the Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North West, Western Cape and Botswana.

Life Healthcare in numbers

9,136 registered beds

41 emergency units

38 maternity units

13 cardiac units

Seven dedicated acute rehabilitation units at Life Rehabilitation

Nine dedicated acute mental health facilities at Life Mental Health

26 renal dialysis units offering 329 renal stations at Life Renal Dialysis

Three Novalis Tx/Varian Trubeam radiotherapy units through Life Oncology

Out-of-hospital services

Life Employee Health Solutions (EHS) supports 391 clinics and cares for 593 671 employees.

Life Esidimeni is a fully owned subsidiary of the Life Healthcare Group with 10 facilities (2 934 beds). Two of these facilities are NGOs in partnership with the Department of Social Development.

Life College of Learning has seven learning centres across South Africa, in the Eastern Cape, Gauteng, KwaZulu-Natal and Western Cape. One thousand students are trained in nursing and healthcare sciences every year.

International business

The Group's international business is made up of its investment in:

Alliance Medical, one of Western Europe 2019s leading providers of complex molecular and diagnostic imaging services across the United Kingdom, Italy and Ireland, with participation in ten geographies.

Scanmed SA, a provider of primary care, ambulatory care and acute care services in Poland.



  • Bad financial results growth rate -66.4% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (-0.1%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield -5.0% (LTM)
  • Share price is 7.9% higher than minimum and 58.0% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (8.3x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)10.81
Share price, USD: 0.5861
Common stocks: 1 467 160 037

Dividend Yield:  0.0%
FCF Yield LTM: -5.0%
EV / LTM EBITDA: 8.3x
Last revenue growth (y/y):  -57.6%
Last growth of EBITDA (y/y):  -75.2%
Historical revenue growth:  -7.0%
Historical growth of EBITDA:  -9.0%
Target EV / EBITDA (hist percentile):
Fundamental value created in LTM:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 860
Net Debt ($m): 713
EV (Enterprise Value): 1 573
EBITDA LTM ($m): 188
EV / LTM EBITDA: 8.3x
Price to Book: 0.76x

Revenue and EBITDA

Semi-Annual values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

EV / EBITDA

Potential dynamics

TechCentral Headlines

South Africa’s Life Healthcare hit by cyberattack

Life Healthcare said on Tuesday that its Southern African operation was hit by a cyberattack affecting its admissions systems, business processing systems and e-mail servers.

2020-06-09 07:36 +02:00
by Agency Staff

JSE:NED JSE:LHC JSE:AVI JSE:OMN JSE:MPT JSE:ISA

WhatsApp deployed as coronavirus spreads in South Africa

About two weeks ago, Praekelt.org, a non-profit foundation that runs a WhatsApp service on maternal well-being for South Africa’s health department, proposed setting up a similar programme to keep people informed about the coronavirus.

2020-03-23 06:22 +02:00
by Agency Staff

JSE:APN JSE:MEI JSE:LHC JSE:AVI JSE:NTC JSE:ISA

Reuters Headlines

S.Africa`s Life Healthcare sees first quarter revenue up 5%

South Africa`s Life Healthcare Group Holdings Ltd said on Wednesday revenue for the quarter ended Dec. 31 rose by 5% compared to the same period a year ago, although earnings dipped 15%.

2021-01-27

JSE:LHC JSE:AVI JSE:ISA

How inequality and poverty undermined South Africa`s COVID response

When coronavirus patients started arriving at South Africa`s government-run Thelle Mogoerane Hospital, workers scrambled to set up isolation wards to treat them.

2020-07-31

JSE:LHC JSE:AVI JSE:NTC JSE:SPG JSE:ISA

South Africa COVID-19 cases surpass 300,000, says health ministry

South Africa`s cases of COVID-19 crossed 300,000 on Wednesday, the most in Africa and among the 10 highest in the world.

2020-07-16

JSE:LHC JSE:AVI JSE:HUG JSE:ISA

S.Africa COVID-19 cases set to reach 300,000 despite early lockdown

South Africa`s cases of COVID-19 were set to reach 300,000 on Wednesday, the most in Africa and in the top 10 in the world, despite a swiftly imposed lockdown aimed at preventing infections spiralling as they did in the West.

2020-07-15

JSE:LHC JSE:AVI JSE:HUG JSE:ISA

South Africa`s Life Healthcare hit by cyber attack

South Africa`s Life Healthcare said on Tuesday its southern African operation was hit by a cyber attack affecting its admissions systems, business processing systems and email servers, but is yet to determine the extent to which data has been compromised.

2020-06-09

JSE:NED JSE:LHC JSE:AVI JSE:OMN JSE:MPT JSE:ISA

UPDATE 1-South Africa`s Netcare scraps 2020 outlook due to coronavirus

South Africa`s Netcare has scrapped its 2020 outlook, suspended spending on projects and share buybacks, and may need to review its dividend policy due to the impact of coronavirus, the private hospital company said on Monday.

2020-03-30

JSE:LHC JSE:AVI JSE:NTC JSE:MPT JSE:ISA

UPDATE 1-South Africa`s Netcare posts higher HEPS, forecasts hit to first-half

South Africa`s Netcare Ltd said on Monday its first-half results for 2020 would take a hit from hospital network arrangements and reported higher full-year headline earnings per share, in line with its forecast.

2019-11-18

JSE:LHC JSE:NTC JSE:MPT JSE:ISA

South Africa puts initial universal healthcare cost at $17 billion

South Africa published its draft National Health Insurance (NHI) bill on Thursday, with one senior official estimating universal healthcare for millions of poorer citizens would cost about 256 billion rand ($16.89 billion) to implement by 2022.

2019-08-08

JSE:LHC JSE:NTC

UPDATE 1-South Africa`s Life Healthcare posts 2.2% rise in first-half core profit

* To pay interim dividend of 40 cents per share, up 5.3% (Adds details)

2019-05-30

JSE:LHC JSE:AVI JSE:MPT

UPDATE 1-South Africa`s Life Healthcare warns on earnings after disposal

South Africa`s Life Healthcare said on Wednesday half-year earnings could fall as much as 55 percent due to costs related to the disposal of its stake in India`s Max Healthcare, impairments and other investments.

2019-04-24

JSE:MEI JSE:LHC JSE:NTC JSE:MPT

UPDATE 1-South Africa`s Life Healthcare FY earnings up 40.6 pct

South African private healthcare provider Life Healthcare reported on Friday a 40.6 percent jump in full-year earnings, helped by strong overall performance of its businesses.

2018-11-23

JSE:LHC

More information for subscribed users:
detailed calculation of
Potential and Created Value,
website traffic data

Releases

2022-08-08
Dealings in securities by the Life Healthcare Employee Share Trust
2022-08-03
Dealings in securities by the Life Healthcare Employee Share Trust
2022-07-28
Changes to the board of directors and changes to the terms of reference for the nominations and governance committee
2022-07-14
Engagement with shareholders regarding the company’s remuneration policy
2022-07-11
Dealing in securities by life healthcare in terms of its Employee Share Plan ("the ESP")
2022-07-05
Report on proceedings at the Extraordinary General Meeting
2022-06-14
Notification of an acquisition of a beneficial interest in Life Healthcare securities
2022-06-06
Notice of extraordinary general meeting of shareholders
2022-05-26
Condensed unaudited group interim results for the six months ended 31 March 2022 and cash dividend declaration
2022-05-16
Trading statement for the six months ended 31 March 2022
2022-04-11
Voluntary trading update for the six-month period to 31 March 2022
2022-03-17
Dealings in securities by directors, by directors of major subsidiaries and company secretary
2022-03-09
Notification of an acquisition of a beneficial interest in Life Healthcare securities
2022-02-08
Notification of an acquisition of a beneficial interest in Life Healthcare securities
2022-01-28
Dealing in securities by Life Healthcare in terms of its Long-Term Incentive Plan ("the LTIP")
2022-01-27
Report on proceedings at the annual general meeting
2022-01-14
Dealings in securities by a director of a major subsidiary
2021-12-22
Dealing in securities by Life Healthcare
2021-12-20
Dealings in securities by the company, by directors, by directors of major subsidiaries and by the company secretary
2021-12-17
No change statement, notice of meeting, changes to board and committees and availability of BBBEE compliance report
2021-12-15
Dealings in securities by the company
2021-12-02
Dealings in securities by directors and a director of a major subsidiary

Documents

SENS Announcements

2023-02-06
Dealing in securities by Life Healthcare in terms of its long-term incentive plan ("the LTIP")
2022-07-11
Dealing in securities by life healthcare in terms of its Employee Share Plan ("the ESP")
2022-07-05
Report on proceedings at the Extraordinary General Meeting
2022-06-14
Notification of an acquisition of a beneficial interest in Life Healthcare securities
2022-06-06
Notice of extraordinary general meeting of shareholders
2022-05-26
Condensed unaudited group interim results for the six months ended 31 March 2022 and cash dividend declaration
2022-05-16
Trading statement for the six months ended 31 March 2022