Monash IVF Group (ASX: MVF) anticipates underlying NPAT of AUD 29-30mn in FY24, driven by acquisitions

4 min read | June 26, 2024 03:57 PM AEST | By Team Kalkine Media

Google News:

Monash IVF Group (ASX: MVF) anticipates underlying NPAT of AUD 29-30mn in FY24, driven by acquisitions — Image source: © Subbotina | Megapixl.com

Recent News

ASX Rally Watch Builds as RBA Decision Nears in Focus

CSL Outlook Shift After Impairments Raises Fresh Debate

Santos LNG And Pikka Expansion Drive Focus on ASX 300 Energy Sector Sh...

APA Group Gas Strategy Shift Reshapes Energy Outlook

Make Kalkine Media
My Trusted Source

Highlights

Monash IVF Group offers reproductive and fertility services across Australia

In 1HFY24, MVF witnessed 21.7% YoY rise in the revenue to AUD 125.7 million

Argo Investments Limited has the highest stake in the company with a shareholding of ~5.13%

Monash IVF Group Limited (ASX: MVF) specialises in developing assisted reproductive technologies and prenatal diagnostics. The company provides a variety of specialized diagnostic services, including obstetric and gynaecological ultrasounds, as well as fertility treatments.

In the first half of the financial year 2024 (1HFY24), the company recorded a 21.7% YoY increase in its revenue to AUD 125.7 million and 18.7% YoY growth in underlying NPAT to AUD 15 million. Meanwhile, underlying EBITDA jumped 20% YoY to AUD 32.2 million.

The performance during the six months was driven by increased market share and positive industry growth. 1HFY24 marked the second consecutive half in which the company posted revenue and underlying EBITDA growth of 20% or more.

Top 10 shareholders of MVF

The top 10 shareholders of MVF have around 32.06% shareholding in the company, while the top four have 19.84% shareholding. Argo Investments Limited and Tribeca Investment Partners Pty Ltd. have the highest stake in the company with a shareholding of ~5.13% and ~5.00%, respectively.

Recent business update

Through an ASX update dated 4 March 2024, the company informed shareholders about the completion of the acquisition of Fertility North Holdings Pty Ltd. Fertility North offers fertility services to Perth’s northern suburbs. With this transaction, the company expands its presence in the fast-growing Perth market.

On 1 March 2024, the company informedshareholders that it was added to the S&P/ASX 200 index, with effect from 18 March 2024.

Outlook

In FY24, the company expects to deliver underlying NPAT of AUD 29-30 million. The forecast excludes contributions from the recently acquired entity, Fertility North.

In 2HFY24, the company expects earnings and revenue growth to be fuelled by multiple factors – continuous improvement in the ultrasound business, beginning contributions from new day hospital operations, the impact of the PIVET Medical Centre acquisition and developments in the operations in South-East Asia.

The company is committed to attracting suitable fertility specialists, investing in infrastructure and expanding its network.

Share performance of MVF

MVF shares closed 3.66% lower at AUD 1.315 apiece on 26 June 2024. With this, in the last one year, MVF’s share price has increased by almost 14.35%, and in the last three months, it has declined by 9.62%.

The 52-week high of MVF is AUD 1.53, recorded on 24 April 2024, and the 52-week low is AUD 1.105, recorded on 7 July 2024.

MVF Daily Technical Chart, Source: EODHD/Others

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency, is 26 June 2024. The reference data in this report has been partly sourced from EODHD/Others.

Disclaimer

This article has been prepared by Kalkine Media, echoed on the website kalkinemedia.com/au and associated pages, based on the information obtained and collated from the subscription reports prepared by Kalkine Pty. Ltd. [ABN 34 154 808 312; AFSL no. 425376] on Kalkine.com.au (and associated pages). The principal purpose of the content is to provide factual information only for educational purposes. None of the content in this article, including any news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video is or is intended to be, advisory in nature. The content does not contain or imply any recommendation or opinion intended to influence your financial decisions, including but not limited to, in respect of any particular security, transaction, or investment strategy, and must not be relied upon by you as such. The content is provided without any express or implied warranties of any kind. Kalkine Media, and its related bodies corporate, agents, and employees (Kalkine Group) cannot and do not warrant the accuracy, completeness, timeliness, merchantability, or fitness for a particular purpose of the content or the website, and to the extent permitted by law, Kalkine Group hereby disclaims any and all such express or implied warranties. Kalkine Group shall NOT be held liable for any investment or trading losses you may incur by using the information shared on our website.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.