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General information

Sector: Health Care

The company is available at Interactive Brokers

Mediclinic International plc (JSE:MEI) is a diversified international private healthcare services group, established in South Africa in 1983, with divisions in Switzerland, Southern Africa (South Africa and Namibia) and the United Arab Emirates ("UAE").

The Group’s core purpose is to enhance the quality of life. Its vision is to be the partner of choice that people trust for all their healthcare needs.

Mediclinic is focused on providing specialist-orientated, multi-disciplinary services across the continuum of care in such a way that the Group will be regarded as the most respected and trusted provider of healthcare services by patients, medical practitioners, funders and regulators of healthcare in each of its markets.

At 19 June 2020, Mediclinic comprised 76 hospitals, eight sub-acute and specialised hospitals, 15 day case clinics and 18 outpatient clinics. Hirslanden operated 17 hospitals and three day case clinics in Switzerland with more than 1 800 inpatient beds; Mediclinic Southern Africa operations included 52 hospitals (three of which in Namibia), eight sub-acute and specialised hospitals and 10 day case clinics (four of which operated by Intercare) across South Africa, and more than 8 700 inpatient beds; and Mediclinic Middle East operated seven hospitals, two day case clinics and 18 outpatient clinics with more than 900 inpatient beds in the UAE.

The Company’s primary listing is on the London Stock Exchange (“LSE”) in the United Kingdom, with secondary listings on the JSE Ltd in South Africa and the Namibian Stock Exchange in Namibia.

Mediclinic also holds a 29.9% interest in Spire Healthcare Group plc, a leading private healthcare group based in the United Kingdom and listed on the LSE.



  • Bad financial results growth rate -1.4% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (0.2%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield -4.6% (LTM)
  • Share price is 5.2% higher than minimum and 50.5% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (8.2x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)59.09
Share price, USD: 3.23
Common stocks: 758 503 977

Dividend Yield:  0.0%
FCF Yield LTM: -4.6%
EV / LTM EBITDA: 8.2x
Last revenue growth (y/y):  +2.2%
Last growth of EBITDA (y/y):  -5.1%
Historical revenue growth:  +0.2%
Historical growth of EBITDA:  +35.2%
Target EV / EBITDA (hist percentile):
Fundamental value created in LTM:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 2 449
Net Debt ($m): 2 961
EV (Enterprise Value): 5 410
EBITDA LTM ($m): 661
EV / LTM EBITDA: 8.2x
Price to Book: 0.55x

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

Pfizer vaccine offers partial Omicron protection: study

Omicron’s ability to evade vaccine and infection-induced immunity is “robust but not complete”, South African researchers said.

2021-12-08 08:06 +02:00
by Agency Staff

JSE:MEI JSE:AVI

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

Consortium to buy S.Africa hospitals firm Mediclinic for $4.49 billion

(Reuters) -South Africa`s Remgro Ltd said on Thursday it will buy hospital chain operator Mediclinic International in a consortium with Switzerland`s MSC Mediterranean Shipping for 3.7 billion pounds ($4.49 billion).

2022-08-04

JSE:REM JSE:MEI

UPDATE 1-Consortium to buy S.Africa hospitals firm Mediclinic for $4.49 bln

South Africa`s Remgro Ltd said on Thursday it will buy hospital chain operator Mediclinic International in a consortium with Switzerland`s MSC Mediterranean Shipping for 3.7 billion pounds ($4.49 billion).

2022-08-04

JSE:REM JSE:MEI

South Africa`s total COVID-19 cases cross 1 million mark

South Africa`s total coronavirus infections since the first case in March crossed a million on Sunday, its Health Ministry said, just days after a new faster spreading variant was confirmed to be present in the country.

2020-12-28

JSE:MEI JSE:AVI JSE:HUG

Mediclinic International reports 4% rise in H1 profit

Mediclinic International Plc reported a 4% rise in half-year core earnings on Thursday as the company`s Swiss business adjusted to regulatory changes and its South African and Middle Eastern operations performed well.

2019-11-14

JSE:MEI

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

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Releases

2022-08-12
TR-1: Standard form for notification of major holdings
2022-08-12
TR-1: Standard form for notification of major holdings
2022-08-11
TR-1: Standard form for notification of major holdings
2022-08-10
Tax treatment of ordinary share dividend for shareholders on the South African register
2022-08-10
Form 8 (DD) Mediclinic International plc
2022-08-10
TR-1: Standard form for notification of major holdings
2022-08-10
TR-1: Standard form for notification of major holdings
2022-08-05
Form 8 (DD) – Mediclinic International plc
2022-08-05
Form 8 (DD) – Mediclinic International plc
2022-08-05
Notification: transactions by persons discharging managerial responsibilities & persons closely associated with them
2022-08-05
TR-1: Standard form for notification of major holdings
2022-08-04
Recommended Cash Acquisition of Mediclinic
2022-07-29
TR-1: Standard form for notification of major holdings
2022-07-29
Announcement of the 2022 Annual General Meeting poll results
2022-07-28
TR-1: Standard form for notification of major holdings
2022-07-28
2022 Annual General Meeting Statement and Trading Update
2022-07-19
TR-1: Standard form for notification of major holdings
2022-07-18
TR-1: Standard form for notification of major holdings
2022-07-14
TR-1: Standard form for notification of major holdings
2022-07-13
TR-1: Standard form for notification of major holdings
2022-07-07
Offer Update – Extension to Put up or Shut up Deadline (the ‘‘PUSU Deadline’’)
2022-06-28
Broad-Based Black Economic Empowerment Act: Annual Compliance Report
2022-06-23
Public opening position disclosure by a party to an offer
2022-06-21
Notification: transactions by persons discharging managerial responsibilities & persons closely associated with them
2022-06-21
Posting of annual report and financial statements, notice of annual general meeting and proxy form
2022-06-10
Rule 2.9 Announcement
2022-06-09
Response to possible offer
2022-05-25
Transactions by persons discharging managerial responsibilities and persons closely associated with them
2022-05-25
Mediclinic full-year results for the year ended 31 March 2022 & dividend declaration
2022-05-17
TR-1: Standard form for notification of major holdings
2022-04-14
2022 Full-Year Trading Update
2021-11-19
Director declaration
2021-11-11
Mediclinic half-year results for the six months ended 30 September 2021
2021-10-15
2022 Half-Year Trading Update
2021-09-22
TR-1: Standard form for notification of major holdings
2021-09-21
New sustainability-linked banking facility at Mediclinic Southern Africa
2021-09-09
TR-1: Standard form for notification of major holdings
2021-09-03
Mediclinic Southern Africa to procure renewable energy from Energy Exchange
2021-08-25
TR-1: Standard form for notification of major holdings
2021-07-28
Announcement of the 2021 annual general meeting poll results
2021-07-27
New director appointments and changes to board committees
2021-07-27
2021 Annual General Meeting Statement

SENS Announcements

2023-06-06
Update announcement in respect of JSE delisting
2023-05-30
De-Listing And Cancellation Of Trading Of Mediclinic Shares
2023-05-26
Scheme of Arrangement becomes effective
2023-05-25
Notification: Transactions by persons discharging managerial responsibilities & persons closely associated with them
2023-05-25
Public dealing disclosure by a party to an offer or person acting in concert
2023-05-25
Public dealing disclosure by a party to an offer or person acting in concert
2023-05-25
Public dealing disclosure by a party to an offer or person acting in concert
2023-05-25
Court Sanction Of Scheme Of Arrangement And Finalisation Announcement With Revised Timetable
2023-05-24
Publication Of Consideration Currency Exchange Rate
2023-05-16
Satisfaction Of Regulatory Conditions And Scheme Timetable
2023-04-06
TR-1: Standard form for notification of major holdings
2023-04-05
TR-1: Standard form for notification of major holdings
2023-03-27
Update On South African Regulatory Approvals And Expected Completion
2023-01-23
Public dealing disclosure by a party to an offer or person acting in concert
2022-12-15
Notification of transactions by persons discharging managerial responsibilities and persons closely associated
2022-12-06
Notification of transactions by persons discharging managerial responsibilities and persons closely associated
2022-11-24
Form 8
2022-11-24
Form 8
2022-11-24
Notification of transactions by persons discharging managerial responsibilities and persons closely associated
2022-11-16
Mediclinic half-year results for the six months ended 30 September 2022
2022-10-31
TR-1: Standard form for notification of major holdings
2022-10-21
TR-1: Standard form for notification of major holdings
2022-10-18
TR-1: Standard form for notification of major holdings
2022-09-29
TR-1: Standard form for notification of major holdings
2022-09-28
TR-1: Standard form for notification of major holdings
2022-09-26
Results of Court Meeting and General Meeting
2022-09-26
TR-1: Standard form for notification of major holdings
2022-09-23
TR-1: Standard form for notification of major holdings
2022-09-19
TR-1: Standard form for notification of major holdings
2022-09-16
TR-1: Standard form for notification of major holdings
2022-09-09
TR-1: Standard form for notification of major holdings
2022-09-07
TR-1: Standard form for notification of major holdings
2022-09-05
TR-1: Standard form for notification of major holdings
2022-09-02
TR-1: Standard form for notification of major holdings
2022-08-30
Publication of Scheme Document
2022-08-25
TR-1: Standard form for notification of major holdings
2022-08-25
TR-1: Standard form for notification of major holdings
2022-08-23
TR-1: Standard form for notification of major holdings
2022-08-23
TR-1: Standard form for notification of major holdings
2022-08-22
TR-1: Standard form for notification of major holdings
2022-08-18
TR-1: Standard form for notification of major holdings
2022-08-16
TR-1: Standard form for notification of major holdings
2022-08-12
TR-1: Standard form for notification of major holdings
2022-08-12
TR-1: Standard form for notification of major holdings
2022-08-11
TR-1: Standard form for notification of major holdings
2022-08-10
Tax treatment of ordinary share dividend for shareholders on the South African register
2022-08-10
Form 8 (DD) Mediclinic International plc
2022-08-10
TR-1: Standard form for notification of major holdings
2022-08-10
TR-1: Standard form for notification of major holdings
2022-08-05
Form 8 (DD) – Mediclinic International plc
2022-08-05
Form 8 (DD) – Mediclinic International plc
2022-08-05
Notification: transactions by persons discharging managerial responsibilities & persons closely associated with them
2022-08-05
TR-1: Standard form for notification of major holdings
2022-08-04
Recommended Cash Acquisition of Mediclinic
2022-07-29
TR-1: Standard form for notification of major holdings
2022-07-29
Announcement of the 2022 Annual General Meeting poll results
2022-07-28
TR-1: Standard form for notification of major holdings
2022-07-28
2022 Annual General Meeting Statement and Trading Update
2022-07-19
TR-1: Standard form for notification of major holdings
2022-07-18
TR-1: Standard form for notification of major holdings
2022-07-14
TR-1: Standard form for notification of major holdings
2022-07-13
TR-1: Standard form for notification of major holdings
2022-07-07
Offer Update – Extension to Put up or Shut up Deadline (the ‘‘PUSU Deadline’’)
2022-06-28
Broad-Based Black Economic Empowerment Act: Annual Compliance Report
2022-06-23
Public opening position disclosure by a party to an offer
2022-06-21
Notification: transactions by persons discharging managerial responsibilities & persons closely associated with them
2022-06-21
Posting of annual report and financial statements, notice of annual general meeting and proxy form
2022-06-10
Rule 2.9 Announcement
2022-06-09
Response to possible offer
2022-05-25
Transactions by persons discharging managerial responsibilities and persons closely associated with them
2022-05-25
Mediclinic full-year results for the year ended 31 March 2022 & dividend declaration
2022-05-17
TR-1: Standard form for notification of major holdings