HealthCo Healthcare & Wellness REIT

HCW.AX

REIT - Healthcare Facilities · Real Estate

Exchange

Australian Securities Exchange

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Dec 31, 2025

How the score breaks down

Quality

Strong

Growth

Weak

Cash Flow

Mixed

Stability

Good

Valuation

Data not available

Track this stock — start free trial

Winston Score History

The full picture

HealthCo Healthcare and Wellness REIT is an Australian real estate investment trust that owns buildings used for healthcare and wellness services. Its properties include hospitals, medical centres, aged care facilities, and life sciences spaces, which it leases to healthcare operators and tenants across Australia. It is listed on the Australian Securities Exchange and focuses entirely on the growing healthcare property sector.

The company makes money by collecting rent from its tenants on long-term lease agreements, which provides relatively stable and predictable income. It operates exclusively in Australia and has a portfolio valued at roughly $2 billion, giving it a focused but moderately sized position in the local healthcare property market. The key growth driver is Australia's ageing population, which is expected to increase demand for healthcare facilities over time, though rising interest rates and higher borrowing costs remain a meaningful risk given that REITs typically carry significant debt to fund property acquisitions.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-24.7% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-719.0% YoY

YoY Growth Rate

Earnings declining

Insider Activity

24.4%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

A$380M cash & investments

Quarterly Free Cash Flow

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

HealthCo Healthcare & Wellness REIT's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

80.0%

Premium pricing power — 80.0% gross margin

Profit after running costs

Operating Margin

78.0%

Excellent — 78.0% operating margin

Return on the money invested

ROCE

2.7%

Weak — 2.7% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

-9.7%

Shrinking sales (-9.7% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

0/7 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

41.1%

Converts sales into free cash efficiently (41.1%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.49

Conservative — low debt load (0.49)

Covers its interest

Interest Cover

1.19x

Dangerous — barely covers interest (1.2x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial