Healius Ltd

HLS: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$7.00	Stmdd	Vpnmbgrf

Healius: CEO Resigns Amid Industry Challenges

Shane Ponraj

Mar 5, 2024

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.

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