Netcare Dividend yield




   ZAR/share 
 Price  12.50
 Dividend  1.11
 Earnings  0.28
 Cash-flow  -0.51
 Book value  6.25
 Equity  6.36

Netcare is part of Health Care Equipment and Services business, which is part of Health Care industry. Netcare is a company from South Africa, and his stocks are publicly traded.

Netcare paid a total dividend of 1,597 million ZAR last year, for a market value of 17,988 millions (Market Cap 17,983 millions). Dividend per share of Netcare is 1.11 ZAR, and his stock market price 12.50 ZAR.

According to the chart below, where dividend yield is displayed, Netcare has a dividend yield of 8.88%, which is higher than the amount offered by both the market average and companies from South Africa. It is also bigger than average of Health Care industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare Netcare dividend yield with other Health Care Equipment and Services companies or firms from South Africa.

Dividend yield of Netcare

Netcare Dividend Payout

About the ability of Netcare to maintain his current dividend of ZAR 1.11 per share, an amount that accounts for 8.88%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Netcare payout on ernings is currently 396.43%, which is higher than the market average, and companies of Health Care industry, which are 38.57% and 32.17% respectively. Both figures show that Netcare can have problems to keep with his present dividend yield.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Netcare is ZAR -0.51 per share, which is lower than the dividend per share paid by the company of ZAR 1.11, so the company does not generate enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Netcare, compared againt world market average, South Africa companies, Health Care industry and Health Care Equipment and Services sector companies.

Netcare payout

Netcare Dividend History

Year Yield  ZAR  Paypout  Shares* 
Present8.88%1.11396.43%1,439
20195.50%1.0766.05%1,452
20183.82%1.0130.98%1,471
20173.78%0.95-256.76%1,463
20162.94%0.9282.14%1,456
20152.39%0.8653.09%1,456

*In millions

Netcare Stock performance

Finally, last moth Netcare showed a return of 1.60% compared to a worldwide 3.99% average, and a 3.09% of Health Care firms. Over the last year, the company obtained a -35.80% versus a worldwide performance of a 6.65%. More detailed information can be seen in the following graph for South Africa and Health Care Equipment and Services firms.

Netcare stock and market return