MONASH IVF GROUP LIMITED (MVF)
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MVF

MVF - MONASH IVF GROUP LIMITED

FNArena Sector : Healthcare services
Year End: June
GICS Industry Group : Pharmaceuticals, Biotechnology & Life Sciences
Debt/EBITDA: 2.7
Index: ALL-ORDS

Monash IVF is an Australian provider of IVF, Ultrasound and genetic testing services throughout Australia and Asia. The company has been listed since 2014.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.715

09 Oct
2025

0.010

OPEN

$0.71

1.42%

HIGH

$0.73

1,760,226

LOW

$0.71

TARGET
$0.92 28.7% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ACL . AHX . ALC . BMT . DOC . EBO . HLS . IDX . M7T . MDR . MPL . NHF . PSQ . RHC . SHL .
FNARENA'S MARKET CONSENSUS FORECASTS
MVF: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 6.4 5.3 xxx
DPS (cps) xxx 0.0 3.1 xxx
EPS Growth xxx N/A - 17.8% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 14.0 xxx
Dividend Yield xxx N/A 4.2% xxx
Div Pay Ratio(%) xxx N/A 58.8% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 07/03 - ex-div 2.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx6.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx271.9 M
Book Value Per Share xxxxxxxxxxxxxxx63.2
Net Operating Cash Flow xxxxxxxxxxxxxxx8.9 M
Net Profit Margin xxxxxxxxxxxxxxx9.20 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx10.25 %
Return on Invested Capital xxxxxxxxxxxxxxx6.36 %
Return on Assets xxxxxxxxxxxxxxx5.00 %
Return on Equity xxxxxxxxxxxxxxx10.25 %
Return on Total Capital xxxxxxxxxxxxxxx11.00 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-23.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx10 M
Long Term Debt xxxxxxxxxxxxxxx170 M
Total Debt xxxxxxxxxxxxxxx180 M
Goodwill - Gross xxxxxxxxxxxxxxx273 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx9 M
Price To Book Value xxxxxxxxxxxxxxx1.12

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx14.4 M
Capex % of Sales xxxxxxxxxxxxxxx5.31 %
Cost of Goods Sold xxxxxxxxxxxxxxx196 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx31 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.8

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Bell Potter

25/08/2025

3

Downgrade to Hold from Buy

$0.77

7.69%

In the wake of FY25 results by Monash IVF, Bell Potter lowers its target to 77c from $1.15 and downgrades to Hold from Buy.

Management reported FY25 profit of $27.4m, in line with revised guidance but with a weak second half, highlights the broker.

Revenue fell -6.2% half-on-half and assisted reproductive services declined -12%, with Victoria the main driver, observe the analysts. Market share in Stimulated Cycles fell -70bps to 21%.

Commentary highlights no final dividend was declared, and net leverage rose to 1.7 times from the class action settlement. Three new fertility specialists were added and review findings were benign, supporting stabilisation.

FY26 guidance of $20-23m implies a -21.5% fall, and the broker's forecasts are cut to the low end on brand damage and macro pressures.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 3.10 cents and EPS of 4.60 cents.
Bell Potter forecasts a full year FY27 dividend of 3.40 cents and EPS of 5.00 cents.

Morgans

xx/xx/xxxx

1

xxxxxxxxxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

06/10/2025

3

Hold

$0.72

0.70%

Following Canaccord Genuity's acquisition of Wilsons, Monash IVF continues to be covered by Shane Storey.

Hold. Target Price $0.72.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 3.50 cents and EPS of 5.00 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 3.70 cents and EPS of 5.30 cents.
Access Extra Coverage Research History >

MVF STOCK CHART

FNArena News on MVF

1
Australian Broker Call *Extra* Edition – Oct 07, 2025

Oct 07 2025 - Daily Market Reports
2
Rudi’s View: August Results; Standouts, Turnarounds, Failures & Misfits

Sep 10 2025 - Rudi's View
3
In Case You Missed It – BC Extra Upgrades & Downgrades – 05-09-25

Sep 05 2025 - Weekly Reports
4
Rudi’s View: Catalyst Metals, Dexus, Neuren, Stockland, ResMed & More

Sep 04 2025 - Rudi's View
5
Australian Broker Call *Extra* Edition – Sep 03, 2025

Sep 03 2025 - Daily Market Reports

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