Ryman Healthcare Limited

RYM.NZ

Medical - Care Facilities · Healthcare

Exchange

New Zealand Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Mar 31, 2026

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Mixed

Stability

Mixed

Valuation

Data not available

Track this stock — start free trial

Winston Score History

The full picture

Ryman Healthcare builds and operates retirement villages and aged care facilities, mainly in New Zealand and Australia. It serves older adults who need independent living, assisted living, or full nursing care. Ryman is one of the largest retirement village operators in New Zealand, owning and managing a portfolio of large, integrated campuses that combine multiple levels of care under one roof.

The company makes money through a combination of occupancy fees, care charges, and a deferred management fee model — where residents pay a lump sum to move in and Ryman keeps a portion when they leave. This model ties revenue closely to property values and the pace of new village development. Ryman operates primarily in New Zealand, with a growing but capital-intensive expansion into Victoria, Australia. The main risk the business faces is its heavy debt load from funding new village construction, which has pressured margins and contributed to the negative returns visible in recent financial results.

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

+10.4% YoY

YoY Growth Rate

Steady revenue growth

EPS Growth

+84.0% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

6.7%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

NZ$11.0B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

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

Growth + cash flow

Ryman Healthcare Limited is a rare growth stock that's already generating positive cash flow while growing at 10%. The Winston Score doesn't fully credit this transition from "burner" to "earner."

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

-1.9%

Thin — -1.9% gross margin

Profit after running costs

Operating Margin

-1.9%

Losing money on operations — -1.9%

Return on the money invested

ROCE

-0.3%

Weak — -0.3% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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

+8.5%

Steady sales growth (+8.5% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

1/8 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

34.1%

Converts sales into free cash efficiently (34.1%)

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

0.39

Conservative — low debt load (0.39)

Covers its interest

Interest Cover

N/A

Data not available

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