Healius Ltd
HLS: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$2.30 | Bhts | Nwwwwmpcb |
Healius: CEO Resigns Amid Industry Challenges
We maintain our AUD 3 fair value estimate for no-moat Healius following CEO Maxine Jaquet’s decision to resign after serving as CEO for one year. The past year has proven challenging to navigate, with higher-margin coronavirus testing revenue largely disappearing while inflationary pressures mounted. This resulted in the company raising equity at a dilutive price in November 2023.