Added to YB: 2026-10-15
Pitch date: 2026-10-12
OCA.AX [bullish]
Oceania Healthcare Limited
-0.76%
current return
Author Info
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Company Info
Oceania Healthcare Limited, together with its subsidiaries, owns and operates retirement villages and care centres in New Zealand.
Market Cap
NZD 478.0M
Pitch Price
NZD 0.66
Price Target
0.95 (+45%)
Dividend
N/A
EV/EBITDA
204.00
P/E
4.0K
EV/Sales
3.68
Sector
Health Care Providers and Services
Category
turnaround
Monthly SpreadHunters Monitoring #9 - Oceania Healthcare Limited
OCA.AX (earnings): Oceania Healthcare’s turnaround is progressing but remains unvalidated: FY26 underlying EBITDA rose 20% to a record NZ$97.7M, net debt fell NZ$121.4M and unsold inventory declined 34%, yet FCFO remained negative NZ$15.0M and the final dividend was suspended. Management reiterated positive FY27 FCFO guidance, supported by cost savings and working-capital improvements. At 0.48x NAV, the base scenario is NZ$0.95 per share, or 29% upside.
Read full article (2 min)