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HealthCo Healthcare & Wellness REIT
(Sydney:HCW)
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Rating:48Neutral
Price Target:
AU$0.72
▲(0.42% Upside)
Action:Reiterated
Date:08/19/26
The score is held back primarily by weak financial performance, driven by the swing to sizable losses in 2025–2026 and limited cash-flow coverage of debt despite positive operating cash flow. Technicals are mildly supportive with the price above longer-term moving averages, but momentum is not strong. Valuation is difficult to justify on earnings due to the negative P/E and no provided dividend yield.
Positive Factors
Positive Operating Cash Flow
Sustained positive operating cash flow provides an ongoing liquidity base during earnings volatility. This supports core operations and debt servicing, although its effectiveness is constrained by low coverage of total debt.
Negative Factors
Persistent Net Losses
A two-year shift to sizable losses materially weakens earnings quality and reduces the business's ability to build equity internally. Deeply negative net margins suggest that operating revenue is being overwhelmed by costs, valuation effects, or other recurring pressures.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive Operating Cash Flow
Sustained positive operating cash flow provides an ongoing liquidity base during earnings volatility. This supports core operations and debt servicing, although its effectiveness is constrained by low coverage of total debt.
Read all positive factors
HealthCo Healthcare & Wellness REIT (HCW) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$409.88M
Dividend Yield8.2%
Average Volume (3M)1.32M
Price to Earnings (P/E)―
Beta (1Y)0.87
Revenue Growth-4.07%
EPS Growth43.91%
CountryAU
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Healthcare Facilities
Share Statistics
EPS (TTM)-0.09
Shares Outstanding550,175,900
10 Day Avg. Volume1,005,836
30 Day Avg. Volume1,315,779
Financial Highlights & Ratios
PEG Ratio0.18
Price to Book (P/B)0.53
Price to Sales (P/S)6.62
P/FCF Ratio21.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$0.88Price Target Upside21.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)0.08
Revenue Forecast (FY)AU$54.16M
HealthCo Healthcare & Wellness REIT Business Overview & Revenue Model
Company Description
HealthCo Healthcare & Wellness REIT (HCW) is a Real Estate Investment Trust listed on the ASX focused on owning healthcare and wellness property assets. The REIT’s objective is to provide exposure to a diversified portfolio underpinned by healthca...
How the Company Makes Money
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HealthCo Healthcare & Wellness REIT Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
56
Neutral
Cash Flow
45
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 59.00M | 53.00M | 64.00M | 40.20M | 24.46M |
| Gross Profit | 46.20M | 36.10M | 47.00M | 24.30M | 16.31M |
| EBITDA | -25.40M | -64.10M | 49.40M | 33.80M | 52.93M |
| Net Income | -49.70M | -88.80M | 6.90M | 20.20M | 49.61M |
Balance Sheet | |||||
| Total Assets | 1.15B | 1.27B | 1.44B | 1.72B | 693.60M |
| Cash, Cash Equivalents and Short-Term Investments | 55.60M | 40.50M | 19.90M | 7.60M | 2.69M |
| Total Debt | 374.60M | 448.30M | 481.10M | 703.70M | 22.29M |
| Total Liabilities | 405.50M | 478.30M | 521.50M | 766.20M | 39.51M |
| Stockholders Equity | 738.30M | 788.00M | 912.60M | 951.20M | 654.09M |
Cash Flow | |||||
| Free Cash Flow | 18.00M | 18.30M | 6.40M | 888.90M | -473.92M |
| Operating Cash Flow | 18.00M | 18.30M | 6.40M | 11.10M | 19.96M |
| Investing Cash Flow | 71.80M | 83.90M | 41.50M | -961.90M | -522.47M |
| Financing Cash Flow | -74.70M | -81.60M | -35.60M | 944.10M | 501.58M |
HealthCo Healthcare & Wellness REIT Technical Analysis
Positive
0.72
Price Trends
0.72
Positive
0.70
Positive
0.71
Positive
Market Momentum
<0.01
Negative
58.62
Neutral
57.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:HCW, the sentiment is Positive. The current price of 0.72 is below the 20-day moving average (MA) of 0.73, below the 50-day MA of 0.72, and above the 200-day MA of 0.71, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 58.62 is Neutral, neither overbought nor oversold. The STOCH value of 57.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:HCW.
HealthCo Healthcare & Wellness REIT Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$10.71B | 10.76 | 9.44% | 5.71% | 14.63% | 18.93% | |
70 Outperform | AU$1.49B | 7.93 | 10.91% | 2.63% | 8.14% | 45.13% | |
69 Neutral | AU$890.66M | 9.60 | 6.23% | 7.08% | 12.33% | 28.03% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | AU$613.89M | 12.95 | 7.06% | 1.43% | 38.59% | ― | |
58 Neutral | AU$750.67M | -9.69 | -4.99% | 10.12% | -5.19% | -377.08% | |
48 Neutral | AU$409.88M | -8.25 | -6.63% | 8.20% | -4.07% | 43.91% |
* Real Estate Sector Average
AU:HCW
HealthCo Healthcare & Wellness REIT
0.75
0.02
2.05%
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HealthCo Healthcare & Wellness REIT Corporate Events
HealthCo Healthcare & Wellness REIT Files 2026 Governance Statement with ASX
Aug 17, 2026
HealthCo Healthcare Wellness REIT has lodged its corporate governance statement for the year ended 30 June 2026 with the ASX, making it available via its website in line with Listing Rule 4.10.3. The filing, accompanied by a completed Appendix 4G...
HealthCo Healthcare & Wellness REIT outlines FY26 results presentation and investor disclosures
Aug 17, 2026
HealthCo Healthcare Wellness REIT has released its FY26 results presentation, outlining updates to portfolio metrics, rent collection, debt classification and hedging positions. The presentation is framed as summary information for investors and ...
HealthCo REIT Delivers Solid FY26 as Healthscope Transition Advances
Aug 17, 2026
HealthCo Healthcare Wellness REIT reported full-year 2026 results marked by resilient portfolio performance, including 100% rent collection, 99% occupancy and like-for-like net operating income growth of 4.1%. The trust ended June 2026 with net t...
HMC Capital Sets August Timetable for FY26 Results Across REIT Platform
Jul 14, 2026
HealthCo Healthcare Wellness REIT is a listed real estate investment trust focused on healthcare and wellness-related properties. It sits within HMC Capital, a diversified alternative asset manager with around $19 billion in assets under manageme...
HealthCo secures new operator and state-backed lease for Mount Private Hospital amid wider Healthscope transition
May 27, 2026
HealthCo Healthcare Wellness REIT has secured a new long-term lease for the Mount Private Hospital in Western Australia with not-for-profit operator Bethesda Health Care, supported by financial assistance and service contracts from the WA State G...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.