Employees: 4,500
Size Australian Clinical Labs (ACL.AX) is an Australia Health Care company (Medical/Nursing Services) with a market value of $419M, the 282nd largest of 316 Australia companies the cockpit tracks. Shares closed at A$3.24 on 6 Nov 2026.
Performance Over six months the shares gained 73.7%, against -2.5% for the median peer and +4.1% for the Australia market (cap-weighted) — highest of 19 in its peer set.
Growth Revenue fell 0.9% over the last twelve months (peer median +6.7%); the operating margin is 8.0% (peer median 8.3%).
Valuation It trades at 17.3× forward earnings against a peer median of 15.5× (7th most expensive of 14).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.0 points below its cost of capital (8.9% WACC).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$730M | A$730M | A$736M | A$690M | A$692M |
| Revenue growth | — | -1% | +7% | 0% | — |
| Gross profit | A$150M | A$150M | A$153M | A$138M | A$146M |
| EBITDA | A$194M | A$197M | A$199M | A$185M | A$179M |
| Net income | A$23.7M | A$23.7M | A$32.4M | A$23.9M | A$35.9M |
| Free cash flow | A$154M | A$154M | A$174M | A$153M | A$137M |
| Capital expenditure | A$9.58M | A$9.58M | A$8.41M | A$6.50M | A$6.93M |
| Total debt | n/a | A$337M | A$290M | A$309M | A$316M |
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Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ACL.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.7% | -6.2% | 3rd highest of 21 |
| 6-month return | +73.7% | -2.5% | highest of 19 |
| Distance from 52-week high | -2.4% | -24.6% | highest of 21 |
| Revenue growth (TTM) | -0.9% | +6.7% | 5th lowest of 21 |
| Operating margin | 8.0% | 8.3% | 11th highest of 21 |
| Forward P/E | 17.3× | 15.5× | 7th most expensive of 14 |
| Growth the price implies (Req g, 7 yrs) | 3.9% | 8.1% | 7th least demanding of 16 |
| Growth delivered (Del g) | +2.6% | +15.3% | 4th lowest of 16 |
| Hurdle (Req g minus delivered) | +1.2 pp | -16.0 pp | 6th most demanding of 16 |
| ROIC minus cost of capital | -0.0 pp | -2.2 pp | 9th highest of 20 |
| EV / EBITDA | 4.7× | 9.6× | 2nd cheapest of 12 |
| Net debt / EBITDA | 1.6× | 1.1× | 7th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Australian Clinical Labs ACL.AX | Australia | $419M | +74% | -1% | 8% | 17.3× | 3.9% | +2.6% |
| Jeena Sikho Lifecare JSLL.NS | India | $424M | -56% | +162% | 36% | 13.9× | 8.1% | +42.6% |
| ADICON 9860.HK | Hong Kong | $408M | +9% | +1% | 4% | 25.5× | 12.0% | -1.5% |
| Integral Diagnostics IDX.AX | Australia | $450M | -21% | +26% | 9% | 15.5× | 8.3% | +17.7% |
| Tellgen 300642.SZ | China | $387M | -3% | +5% | 8% | n/a | 22.4% | -5.8% |
| M1 Kliniken M12.DE | Germany | $376M | +3% | -28% | 13% | 18.5× | -5.5% | +17.9% |
| JS Link 127120.KS | South Korea | $481M | -57% | +51% | -76% | n/a | n/a | n/a |
| Oncology Institute STLN | United States | $362M | n/a | +38% | -4% | n/a | n/a | n/a |
| Strata Critical Medical SRTA | United States | $497M | 0% | +23% | -4% | 67.4× | n/a | n/a |
| Australian Unity Ltd Pref AYUPA.AX | Australia | $353M | +6% | 0% | -2% | n/a | -15.1% | +9.6% |
| NIOX NIOX.L | United Kingdom | $349M | +2% | +3% | 22% | 20.7× | 3.9% | +15.3% |
| Auna AUNA | United States | $346M | -8% | +17% | 13% | 4.7× | -10.5% | +24.4% |
| Universal Vision Biotechnology 3218.TWO | Taiwan | $324M | -7% | 0% | 31% | 9.6× | -12.3% | +15.4% |
| Shanghai Labway Clinical Laboratory 301060.SZ | China | $593M | -4% | -19% | 6% | n/a | 8.8% | +3.2% |
| Nephrocare Health Services NEPHROPLUS.NS | India | $639M | +10% | +33% | 14% | 41.9× | 35.7% | +31.6% |
| Fulgent Genetics FLGT | United States | $653M | +49% | +7% | -36% | n/a | n/a | n/a |
| GMR Solutions GMRS | United States | $672M | n/a | -4% | 14% | 8.0× | -20.0% | -4.0% |
| HK inno.N 195940.KS | South Korea | $745M | -32% | +7% | 12% | 11.8× | -10.8% | +12.2% |
| WELL Health Technologies WELL.TO | Canada | $760M | -5% | +39% | 7% | 14.7× | 9.1% | +94.5% |
| Ginkgo Bioworks DNA | United States | $760M | +26% | -52% | -258% | n/a | n/a | n/a |
| Jinxin Fertility 1951.HK | Hong Kong | $800M | -2% | +7% | 11% | 24.4× | 18.0% | +12.4% |