Doctor Care Anywhere Group PLC Shs Chess Depository Interests Repr 1 sh (DOC) AI Stock Analysis

• Market Cap: AU$49.50M
• Dividend Yield: N/A
• Average Volume (3M): 103.84K
• Price to Earnings (P/E): 24.6
• Beta (1Y): 1.08
• Revenue Growth: -6.86%
• EPS Growth: 51.88%
• Country: AU
• Employees: 610
• Sector: Healthcare
• Sector Strength: 45
• Industry: Medical - Healthcare Information Services
• EPS (TTM): <0.01
• Shares Outstanding: 366,642,240
• 10 Day Avg. Volume: 68,103
• 30 Day Avg. Volume: 103,841
• PEG Ratio: -0.21
• Price to Book (P/B): 28.26
• Price to Sales (P/S): 0.75
• P/FCF Ratio: 5.93
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$0.20
• Price Target Upside: 42.86% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): <0.01
• Revenue Forecast (FY): AU$45.00M

• Rating: 52 Neutral
• Price Target: AU$0.14 ▲(0.71% Upside)
• Action: Reiterated Date: 03/07/26
• Date: Action: Reiterated 03/07/26

The score is driven primarily by improving financial performance (profitability and free cash flow turnaround) but is held back materially by balance-sheet leverage risk. Technically, the stock is in a weak downtrend below key moving averages, and valuation appears only moderate given the risk profile.

Positive Factors

Cash generation turnaround

The move to sustained positive operating and free cash flow in 2025 represents a structural improvement in cash conversion. Durable FCF provides internal funding for growth, de-leveraging or strategic investment, reducing reliance on external capital if maintained over coming quarters.

Return to profitability

Restoring positive net and operating margins shows the business model can reach profitability at scale. Even with thin margins, sustained profitability supports strategic flexibility, reinvestment and credibility with partners and payors if revenue trends stabilize.

Scalable telehealth platform

A digital healthcare platform with a clinical network benefits from structural tailwinds in telehealth adoption and potential recurring enterprise contracts. Platform scale can drive marginal cost advantages and expand services, creating a durable growth runway if execution continues.

Negative Factors

High leverage

Extremely elevated debt relative to equity leaves the capital structure fragile and raises refinancing, interest and covenant risks. High leverage constrains strategic choices, limits ability to absorb operating hiccups and makes sustained recovery dependent on continued cash generation.

Thin & deteriorating margins

Declining gross margin and still-narrow operating profits reduce the firm's buffer against rising costs or pricing pressure. Persistently thin margins make long-term profitability sensitive to modest revenue or cost swings and limit capacity to fund growth internally.

Uneven revenue & cash volatility

Historic revenue and cash-flow volatility undermines predictability of the recovery. Inconsistent top-line growth and prior negative FCF episodes raise execution risk; the company must sustain multiple quarters of improvement to lock in a durable recovery.

Doctor Care Anywhere Group PLC Shs Chess Depository Interests Repr 1 sh Business Overview & Revenue Model

Company Description

Doctor Care Anywhere Group PLC, together with its subsidiaries, provides digital healthcare and development services in the United Kingdom, Australia, and the Republic of Ireland. It offers services in the areas of appointments, patient records, prescriptions, referrals and fit notes, service improvements, and virtual GP consultations in the form of video and phone. The company provides treatments for allergies, bites and stings, cold and flu, headaches and migraines, joint pains, lifestyle support, mental and sexual health, skin conditions, and stomach and digestive problems, as well as offers virtual healthcare, technology platform licensing, and digital design services. It serves medical insurers, employers, retailers, healthcare providers, and direct sales to the public. The company was incorporated in 2013 and is headquartered in London, the United Kingdom.

How the Company Makes Money

Doctor Care Anywhere generates revenue primarily through its subscription-based model, where patients pay for access to telehealth services and consultations. Key revenue streams include fees from individual consultations, monthly or annual subscriptions for ongoing health services, and partnerships with employers and insurance companies that offer its services as part of employee health benefits. Additionally, the company may earn income from partnerships with healthcare providers and pharmaceutical companies for integrated care solutions and prescription fulfillment services, which contribute to its overall earnings.

Doctor Care Anywhere Group PLC Shs Chess Depository Interests Repr 1 sh Financial Statement Overview

Summary

Operations improved in 2025 with a return to profitability and strong free cash flow, but the balance sheet is a major constraint (very high debt-to-equity and previously negative equity). Revenue growth is uneven and margins remain thin, keeping the financial score mid-range.

Income Statement

Profitability has improved materially: the company moved from large losses in 2021–2024 to positive earnings in 2025 (net profit margin ~3.0% and EBIT margin ~4.5%). Revenue has been relatively stable recently (2025 revenue slightly down vs. 2024), and the gross margin fell sharply in 2025 versus 2024, suggesting either pricing pressure or higher cost of service. Overall, the trajectory is positive (returning to profitability), but margins remain thin and the revenue growth profile looks uneven.

Balance Sheet

Leverage is a key weakness. Total debt is high relative to equity in 2025 (debt-to-equity ~10.2x), and equity was negative in 2024, highlighting prior balance-sheet strain. While total assets have grown versus 2024, the capital structure still looks fragile and leaves limited cushion if operating performance softens.

Cash Flow

Cash generation strengthened significantly in 2025: operating cash flow (~4.9M) and free cash flow (~4.9M) were solid and sharply higher than 2024, indicating improved cash conversion and better underlying operations. However, prior years show meaningful volatility, including materially negative operating and free cash flow in 2021–2023, so consistency remains a watch item.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	38.43M	39.33M	38.46M	29.31M	24.96M
Gross Profit	14.12M	22.42M	17.69M	13.42M	10.40M
EBITDA	4.21M	-2.15M	-5.78M	-16.95M	-18.92M
Net Income	1.17M	-6.29M	-10.05M	-22.03M	-20.22M
Balance Sheet
Total Assets	17.18M	14.99M	19.61M	22.01M	19.69M
Cash, Cash Equivalents and Short-Term Investments	6.56M	5.29M	8.10M	5.41M	17.07M
Total Debt	10.39M	8.27M	11.00M	1.59M	1.35M
Total Liabilities	16.16M	15.64M	17.27M	9.72M	3.86M
Stockholders Equity	1.02M	-645.00K	2.33M	12.29M	15.82M
Cash Flow
Free Cash Flow	4.85M	347.00K	-8.67M	-24.38M	-10.10M
Operating Cash Flow	4.92M	353.00K	-6.34M	-22.03M	-8.65M
Investing Cash Flow	-2.29M	-1.65M	-2.24M	-2.34M	-2.42M
Financing Cash Flow	-428.87K	-332.00K	9.32M	5.90M	-611.00K

Doctor Care Anywhere Group PLC Shs Chess Depository Interests Repr 1 sh Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.14
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DOC, the sentiment is Negative. The current price of 0.14 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.15, and below the 200-day MA of 0.14, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.11 is Neutral, neither overbought nor oversold. The STOCH value of 39.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:DOC.

Doctor Care Anywhere Group PLC Shs Chess Depository Interests Repr 1 sh Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DOC	52 Neutral	AU$49.50M	24.60	250.55%	―	-6.86%	51.88%
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%
EMD	49 Neutral	AU$34.68M	-4.21	-52.26%	―	-36.68%	79.41%
PCK	45 Neutral	AU$34.49M	-3.13	-1009.84%	―	25.98%	22.10%
SHG	43 Neutral	AU$71.03M	-6.64	-59.96%	―	―	―
GLH	42 Neutral	AU$4.12M	-1.98	20.02%	―	-9.90%	34.07%

Doctor Care Anywhere Group PLC Shs Chess Depository Interests Repr 1 sh Corporate Events

Doctor Care Anywhere Sets Date for 2026 AGM and Highlights Growth-Focused Telehealth Strategy

Doctor Care Anywhere Group PLC has scheduled its 2026 Annual General Meeting for Tuesday, 28 April 2026, in line with ASX listing requirements and under the authority of its board and company secretary. The company is also directing investors to its interactive online hub and news alert service, reinforcing engagement with shareholders as it pursues a growth strategy built on digital telehealth, partnerships, and data-led healthcare delivery.

The AGM date announcement provides clarity for investors and other stakeholders on the company’s governance calendar and engagement opportunities. By highlighting its strategic focus on scaling its telehealth platform and deepening partnerships with insurers and corporates, Doctor Care Anywhere underlines its ambition to strengthen its position in the UK private telehealth market and drive sustained value creation.

The most recent analyst rating on (AU:DOC) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Doctor Care Anywhere Group PLC Shs Chess Depository Interests Repr 1 sh stock, see the AU:DOC Stock Forecast page.

Doctor Care Anywhere Delivers First Annual Profit as Digital Health Platform Expands

Doctor Care Anywhere reported a strong turnaround for 2025, delivering its first positive earnings per share as revenue rose 6.5% to £38 million and underlying EBITDA climbed to £5.3 million, a 13.9% margin. Net profit reached £1.2 million, contribution margin improved to 43.5%, and cash generation of £2.2 million lifted year-end cash to £6.6 million, with management reaffirming medium-term ambitions to double revenue over three to five years and sustain a 15% EBITDA margin.

Operationally, the group broadened its platform by adding mental health practitioners and physiotherapists, which improved patient access and reduced cost to serve, while activated lives increased 7.9% to about 1.28 million. Overall consultation volumes fell 4% due to the prior closure of a secondary care pathway, but excluding that impact they were flat and returned to 3.4% growth in the second half, indicating strengthening demand from new products and clients and a firmer competitive footing in digital healthcare.

The most recent analyst rating on (AU:DOC) stock is a Hold with a A$0.16 price target. To see the full list of analyst forecasts on Doctor Care Anywhere Group PLC Shs Chess Depository Interests Repr 1 sh stock, see the AU:DOC Stock Forecast page.

Doctor Care Anywhere Posts Strong Cashflow and Rising Patient Engagement in Q4 2025

Doctor Care Anywhere reported renewed consultation growth in the second half of 2025, with volumes up 3.4% and consistently above 2024 levels since May, supported by a 7.9% year-on-year increase in activated lives to 1.3 million and a rise in repeat patients to 75% of consultations, indicating stronger engagement and loyalty despite seasonal quarter-on-quarter softness. The company delivered its third consecutive quarter of positive cash generation, with £1.1m net operating and investing cash inflow in Q4 and a strengthened cash balance of £6.6m, while advancing digital treatment pilots in musculoskeletal, mental health and dermatology, developing new propositions in corporate weight management and preventative health, and reaffirming medium-term guidance to double revenue over three to five years and target a 15% EBITDA margin, underscoring confidence in its growth trajectory and investment capacity.

The most recent analyst rating on (AU:DOC) stock is a Sell with a A$0.13 price target. To see the full list of analyst forecasts on Doctor Care Anywhere Group PLC Shs Chess Depository Interests Repr 1 sh stock, see the AU:DOC Stock Forecast page.

Doctor Care Anywhere Sets Date for Q4 2025 Activity and Cash Flow Update

Doctor Care Anywhere Group PLC has announced that it will release its Appendix 4C quarterly cash flow and activity report for the fourth quarter of 2025 on 29 January 2026, providing an update on the company’s recent operational and financial performance. The timing of the release signals continued transparency for investors and other stakeholders as the telehealth provider executes its growth strategy in a competitive digital healthcare market, with the forthcoming report likely to inform assessments of its progress in scaling services and deepening partnerships.

The most recent analyst rating on (AU:DOC) stock is a Sell with a A$0.13 price target. To see the full list of analyst forecasts on Doctor Care Anywhere Group PLC Shs Chess Depository Interests Repr 1 sh stock, see the AU:DOC Stock Forecast page.

Doctor Care Anywhere Director Increases Stake via On-Market Purchase

Doctor Care Anywhere Group PLC has disclosed that director John Stier increased his direct holding in the company by acquiring 500,000 ordinary fully paid CHESS Depositary Interests on-market, lifting his stake from 3.5 million to 4 million securities at a total cost of AUD 73,183. The trade, placed under a standing instruction during an open trading window and approved by the board, was executed on 8 January 2026 during a closed period due to low market liquidity and holiday-related delays, with the company stating that Stier did not possess any undisclosed price-sensitive information at the time, underscoring compliance with governance and insider trading rules.

The most recent analyst rating on (AU:DOC) stock is a Sell with a A$0.13 price target. To see the full list of analyst forecasts on Doctor Care Anywhere Group PLC Shs Chess Depository Interests Repr 1 sh stock, see the AU:DOC Stock Forecast page.