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

• Market Cap: AU$71.50M
• Dividend Yield: N/A
• Average Volume (3M): 103.84K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.87
• 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: 0.08
• Price to Book (P/B): -22.13
• Price to Sales (P/S): 0.36
• P/FCF Ratio: 41.13
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: AU$0.16 ▲(17.14% Upside)
• Action: Reiterated Date: 02/03/26
• Date: Action: Reiterated 02/03/26

The score is held back primarily by weak financial fundamentals (continued losses and negative equity/high leverage), partially offset by improving cash flow and solid technical momentum. Valuation remains unattractive due to negative earnings and no dividend support.

Positive Factors

Revenue Growth Trend

Sustained revenue growth over two years indicates expanding customer adoption and stronger top-line scale. For a digital healthcare platform, persistent revenue gains support network effects, improve bargaining power with partners, and provide a foundation for investing in product and clinical capacity over the medium term.

Cash Flow Recovery

Transition to positive operating cash flow and marginally positive free cash flow signals improved cash generation and operational discipline. Durable positive OCF reduces near-term financing needs, lengthens runway, and allows targeted reinvestment in growth or margin-improving initiatives over the next several quarters.

Progress Toward Profitability

Material reduction in losses and improving EBITDA/EBIT indicate the business is narrowing the gap to break-even. This trend reflects cost leverage and revenue mix improvements that, if sustained, support long-term viability and reduce dilution risk from future capital raises.

Negative Factors

Negative Equity & Balance Sheet Weakness

Negative shareholders' equity is a structural red flag that constrains strategic flexibility. It impairs the company's ability to secure credit on favorable terms, heightens insolvency risk in downturns, and limits capacity to fund growth internally, making external financing more likely and costly.

Ongoing Unprofitable Operations

Persistent negative operating margins mean the core service model has not yet proven consistently profitable at scale. Unless margin drivers (pricing, utilization, cost structure) continue to improve, the company will remain dependent on external capital and face pressure to further cut costs or alter its go-to-market strategy.

High Leverage Relative to Assets

Elevated debt against modest assets increases refinancing and interest-rate sensitivity, constraining investment in product and network expansion. High leverage raises covenant and liquidity risk, which can force defensive actions during stress and limit the firm's ability to capitalize on medium-term growth opportunities.

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

Revenue and gross profit are improving and cash flow has turned slightly positive, but profitability remains negative and the balance sheet is a major concern due to negative equity and high leverage.

Income Statement

The company has shown a significant improvement in its revenue growth, increasing from $30.42M in 2022 to $39.33M in 2024, marking a growth trend. The Gross Profit has also increased, but the company is still operating at a loss with a Net Income of -$6.29M in 2024, though this is an improvement from -$22.03M in 2022. EBIT and EBITDA have also improved but remain negative, indicating ongoing operational challenges. Overall, the revenue growth and gross profit improvements are positive, but persistent net losses and negative operating margins indicate ongoing profitability challenges.

Balance Sheet

The balance sheet reveals a negative Stockholders' Equity of -$0.65M in 2024, indicating potential financial instability. The Debt-to-Equity ratio is not meaningful due to negative equity, and the company has a high level of debt ($8.27M) relative to its assets ($14.99M), indicating high leverage. The equity ratio is negative, highlighting financial distress. Despite a reduction in debt from 2023, the negative equity position poses a significant risk.

Cash Flow

Free Cash Flow improved from -$24.38M in 2022 to $0.347M in 2024, indicating improved cash management. The Operating Cash Flow turned positive in 2024 at $0.353M, showing a recovery from previous years' negative cash flows. However, the Free Cash Flow to Net Income ratio remains low, and while operational cash flow has improved, the company's cash position needs further strengthening to ensure sustainability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	36.76M	39.33M	38.46M	29.31M	24.96M	11.57M
Gross Profit	22.57M	22.42M	17.69M	13.42M	10.40M	5.69M
EBITDA	-1.85M	-2.15M	-5.78M	-16.95M	-18.92M	-13.38M
Net Income	-3.15M	-6.29M	-10.05M	-22.03M	-20.22M	-31.28M
Balance Sheet
Total Assets	15.02M	14.99M	19.61M	22.01M	19.69M	27.84M
Cash, Cash Equivalents and Short-Term Investments	4.79M	5.29M	8.10M	5.41M	17.07M	21.60M
Total Debt	8.46M	8.27M	11.00M	1.59M	1.35M	1.49M
Total Liabilities	15.11M	15.64M	17.27M	9.72M	3.86M	2.80M
Stockholders Equity	-89.00K	-645.00K	2.33M	12.29M	15.82M	25.04M
Cash Flow
Free Cash Flow	2.81M	347.00K	-8.67M	-24.38M	-10.10M	-7.02M
Operating Cash Flow	2.82M	353.00K	-6.34M	-22.03M	-8.65M	-6.00M
Investing Cash Flow	-1.99M	-1.65M	-2.24M	-2.34M	-2.42M	698.85K
Financing Cash Flow	-487.00K	-332.00K	9.32M	5.90M	-611.00K	46.79M

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

• Technical Analysis Sentiment: Positive
• Last Price: 0.14
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 Positive. The current price of 0.14 is below the 20-day moving average (MA) of 0.16, below the 50-day MA of 0.14, and above the 200-day MA of 0.14, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 55.92 is Neutral, neither overbought nor oversold. The STOCH value of 72.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	55 Neutral	AU$71.50M	-10.96	-155.10%	―	-6.86%	51.88%
Sector *	51 Neutral	$7.86B	-0.30	-43.30%	2.27%	22.53%	-2.21%
EMD	49 Neutral	AU$44.36M	-8.00	-81.30%	―	-36.68%	79.41%
PCK	45 Neutral	AU$43.89M	-4.58	-8647.54%	―	25.98%	22.10%
SHG	43 Neutral	AU$69.45M	-11.01	―	―	―	―
GLH	42 Neutral	AU$4.29M	-4.77	―	―	-9.90%	34.07%

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

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.

Doctor Care Anywhere Relocates Headquarters to Mayfair, London

Doctor Care Anywhere Group PLC has announced a change in its registered office and principal place of business to a new address in Mayfair, London, effective from November 3, 2025. This move signifies a strategic step in the company’s operations, potentially enhancing its industry positioning and operational efficiency, while maintaining all other business details unchanged.

The most recent analyst rating on (AU:DOC) stock is a Hold with a A$0.17 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 Appoints New Company Secretary

Doctor Care Anywhere Group PLC has appointed Computershare Entity Solutions (UK) Limited as the new Company Secretary, effective 31 October 2025, following the resignation of Kathy Cong. This change in company secretary is part of the company’s ongoing efforts to enhance its operational framework and ensure robust corporate governance, which may positively impact its strategic growth and stakeholder confidence.

The most recent analyst rating on (AU:DOC) stock is a Hold with a A$0.17 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.