TheScreener - Netcare Limited (10EE) NETCARE sees an upgrade to Positive due to a better fundamental star rating

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NETCARE sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of NETCARE (ZA), a company active in the Health Care Providers industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date March 29, 2022, the closing price was ZAR 15.81 and its potential was estimated at ZAR 16.83.

30/03/2022 1 EN

Underlying

Netcare Limited

Netcare is engaged in provision of a range of general and other medical care services in South Africa and the U.K. Co operates its business within the following three segments: Hospital and Emergency Services, which include the operation of Co.'s private hospital network and emergency medical services; and Primary Care, which is engaged in the provision of primary healthcare services and managed care. Co.'s primary care segment provides medical and dental services through Medicross family medical and dental centers and Prime Cure clinics. Co.'s U.K. segment includes operation of private acute care hospitals in the U.K.

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ZAE000011953 Johannesburg Stock Exchange South Africa

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TheScreener

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We rank Netcare's (JSE: NTC) corporate governance as â€˜good' with a score of 3.16. Based on our ESG risk framework, NTC's ESG risk exposure is moderate, with a residual risk rating of 3.2 out of 5. We commend the Group's willingness to engage in ESG topics. The Group's Board comprises eight non-executive members, of which three have served over nine years. NTC's board is 80% independent (Avior: 50%). We consider Board members with a tenure of over nine years to be non-independent. We support variable compensation comprising 42% and 35% of NTC's CEO and CFO total FY '19 remuneration, respect...

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Netcare | All about execution

Netcare delivered a credible set of results given persistent pressures from medical funders and affordability. In our view, Netcare is the purest play on the SA hospital industry, given the location of its beds (good), ability to drive occupancies and unguarded balance sheet. Netcare has recently been added as one of two anchor providers for the Government Employee Medical Scheme EVO plan in 2020, a key step to increasing occupancies.

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With a more favourable environment, VUKILE PROPERTY improves to Positive

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April 6, 2022 April 6, 2022 1 EN

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NETCARE sees an upgrade to Positive due to a better fundamental star rating

Empowering Investors

Netcare | ESG analysis

Netcare | All about execution

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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