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Medibank Private Limited

MPL.AXFinancial ServicesASX

Insurance - Specialty

PriceMA150MA200
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Financials · Annual
Revenue
$8.55B
+6.6% YoY
Net Income
$500.8M
+1.7% YoY
Free Cash Flow
$692.8M

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About Medibank Private Limited

Medibank Private Limited provides private health insurance in Australia. With a market capitalization of $13.22B, it sits in large-cap territory. The company operates in two segments, Health Insurance and Medibank Health.

Key stats
Market Cap$13.22B
P/E (TTM)28.24
Fwd P/E18.89
EPS$0.17
Beta0.05
52W Change+0.8%
Dividend Yield3.45%
ROE20.0%
Analysis

Medibank Private Limited holds $3.02B in cash against $275.5M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. Annual free cash flow of $692.8M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on equity stands at 20.0%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Return on assets of 10.4% further supports the picture of efficient asset utilization. Revenue has grown from $7.09B (2022) to $8.55B (2025), reflecting a 20% increase over the period.

With a beta below 0.7, Medibank Private Limited typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. With cash comfortably exceeding debt, MPL.AX has financial flexibility that may help navigate uncertain periods. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Medibank Private Limited and its sector.

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