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Singular Health Group Ltd (AU:SHG)
ASX:SHG
Australian Market

Singular Health Group Ltd (SHG) AI Stock Analysis

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AU:SHG

Singular Health Group Ltd

(Sydney:SHG)

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Neutral 43 (OpenAI - 5.2)
Rating:43Neutral
Price Target:
AU$0.27
▲(1.92% Upside)
Action:ReiteratedDate:01/10/26
The score is driven primarily by weak financial performance (large losses, shrinking revenue in 2025, and ongoing cash burn) despite an improved latest-period balance sheet. Technicals add modest pressure due to a downtrend below major moving averages, while valuation is constrained by negative earnings and no dividend yield data.
Positive Factors
Low leverage
The latest balance sheet reporting zero debt and a large equity base reduces near-term refinancing and interest-cost risk, giving management time to execute strategic adjustments or raise capital on less dilutive terms. This structural buffer supports survival and options over the next 2-6 months.
Healthcare information sector
Operating in healthcare information services exposes the business to durable demand from providers and payers for digital data and analytics. Structural trends (digitization, regulatory reporting, clinical informatics) can sustain long-term addressable market opportunities despite short-term revenue swings.
Cash-flow and loss alignment
Free cash flow moving roughly in line with accounting losses implies limited large non-cash or one-off adjustments, improving transparency. Predictable cash-burn dynamics aid runway planning and fundraising cadence, making capital needs more forecastable for medium-term strategy.
Negative Factors
Persistent unprofitability
Chronic losses and massively negative margins indicate the core model currently cannot generate sustainable profits. Without meaningful margin improvement or structural revenue recovery, the business will remain dependent on external financing, limiting long-term viability and strategic flexibility.
Structural cash burn
Sustained negative operating and free cash flow erode cash reserves and force recurring capital raises or dilution. Over the medium term this constrains investment in product development and sales capacity, weakens competitive position, and increases execution risk absent a credible path to cash generation.
Top-line instability
A sharp revenue drop after prior growth signals unstable demand or execution issues. Top-line volatility undermines operating leverage, complicates margin recovery, and makes forecasting and strategic investment riskier; this amplifies funding needs and heightens recapitalization risk.

Singular Health Group Ltd (SHG) vs. iShares MSCI Australia ETF (EWA)

Singular Health Group Ltd Business Overview & Revenue Model

Company DescriptionSingular Health Group Ltd, a medical technology company, develops and commercializes volumetric rendering platform (VRP) for the 3D and virtual reality (VR) visualization of anatomy using standard radiological imagery. It offers 3Dicom Viewer, a cross-platform application that allows its users to interact with standard 2D medical images; 3DicomVSP, an end-to-surgical planning platform; Health Academy, a scalable multi-lingual platform that provides templated curriculum aligned lessons; and GeoVR, a cloud platform for use in the mineral resources sector. The company was founded in 2017 and is headquartered in Subiaco, Australia.
How the Company Makes MoneySingular Health Group Ltd generates revenue through the sale and licensing of its proprietary software solutions to hospitals, clinics, and educational institutions. The company offers subscription-based models for its 3D medical imaging software, providing continuous updates and support services to its clients. Additionally, Singular Health may engage in strategic partnerships with healthcare providers and technology companies to expand its market reach and product offerings. Revenue can also be supplemented through custom software development and consulting services tailored to specific client needs in the medical and educational sectors.

Singular Health Group Ltd Financial Statement Overview

Summary
Overall financial quality is weak: persistent losses with extremely negative net margin and a sharp revenue decline in 2025, alongside consistently negative operating cash flow and free cash flow. The latest balance sheet shows low leverage (zero debt), but historical leverage volatility and past negative equity raise ongoing funding/recapitalization risk.
Income Statement
12
Very Negative
Profitability is very weak: the company is loss-making across all years, with 2025 showing negative gross profit and an extremely negative net margin (about -11.4x revenue). Revenue also declined sharply in 2025 (down ~36% vs. 2024) after growth in 2024, indicating an unstable top-line trajectory. While losses have not materially narrowed, the scale of costs relative to revenue remains the core issue.
Balance Sheet
38
Negative
Leverage looks low in the latest period (2025 shows zero debt and a large equity base), which reduces near-term balance sheet risk. However, historical volatility is a concern: 2023 showed very high leverage (debt-to-equity ~40x) and extremely weak returns on equity, and equity was negative back in 2020. Overall, the current balance sheet appears improved, but the track record suggests meaningful capital structure and dilution/recapitalization risk.
Cash Flow
18
Very Negative
Cash generation is weak with consistently negative operating cash flow and negative free cash flow every year shown (including 2025). Free cash flow deterioration in 2025 (down ~26%) adds pressure, and negative operating cash flow indicates the business is not self-funding. A relative positive is that free cash flow roughly tracks net losses (free cash flow to net income ~1x), but the absolute burn rate remains a key risk.
BreakdownTTMJun 2025Jun 2024Jun 2023Jun 2022Jun 2021
Income Statement
Total Revenue961.53K557.61K934.07K28.12K54.03K193.64K
Gross Profit-2.01M-86.22K516.36K-3.58M-2.11M-1.62M
EBITDA-8.14M-6.27M-2.58M-4.52M-5.65M-2.86M
Net Income-7.43M-6.38M-4.92M-5.39M-5.99M-4.46M
Balance Sheet
Total Assets12.55M14.21M2.35M3.00M2.14M5.43M
Cash, Cash Equivalents and Short-Term Investments11.06M13.68M1.45M691.51K1.14M4.14M
Total Debt113.71K0.00218.45K2.51M85.66K147.59K
Total Liabilities856.60K1.11M909.59K2.94M391.50K345.10K
Stockholders Equity11.69M13.10M1.44M61.89K1.75M5.08M
Cash Flow
Free Cash Flow-4.38M-2.37M-2.51M-2.49M-2.92M-2.22M
Operating Cash Flow-4.23M-2.34M-2.44M-2.46M-2.91M-1.91M
Investing Cash Flow-8.49M88.14K-3.56K-635.21K-17.12K-610.57K
Financing Cash Flow6.36M14.48M3.21M2.65M-69.25K6.52M

Singular Health Group Ltd Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.26
Price Trends
50DMA
0.25
Negative
100DMA
0.26
Negative
200DMA
0.29
Negative
Market Momentum
MACD
<0.01
Negative
RSI
44.32
Neutral
STOCH
36.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SHG, the sentiment is Negative. The current price of 0.26 is above the 20-day moving average (MA) of 0.24, above the 50-day MA of 0.25, and below the 200-day MA of 0.29, indicating a bearish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 44.32 is Neutral, neither overbought nor oversold. The STOCH value of 36.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SHG.

Singular Health Group Ltd Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
67
Neutral
AU$131.61M26.511.89%10.06%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
48
Neutral
AU$76.38M-6.28-12.35%15.99%22.05%
45
Neutral
AU$35.53M-3.13-8647.54%25.98%22.10%
44
Neutral
AU$45.05M-5.70-13.83%3.61%-17.03%
43
Neutral
AU$80.50M-6.64
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:SHG
Singular Health Group Ltd
0.25
0.03
13.95%
AU:M7T
Mach7 Technologies
0.32
-0.10
-25.00%
AU:BMT
Beamtree Holdings Ltd
0.16
-0.08
-33.33%
AU:ALC
Alcidion Group Limited
0.10
0.02
23.75%
AU:PCK
PainChek Ltd
0.17
-0.13
-44.82%

Singular Health Group Ltd Corporate Events

Singular Health Accelerates U.S. Rollout and Regulatory Wins as Imaging Platform Gains Traction
Jan 26, 2026

Singular Health Group reported a quarter of strong operational progress, highlighted by the continued rollout of its Provider Network Solution (PNS) contract in the U.S., where deployment of an additional 500 3DICOM MD licences is underway and triggering a further US$500,000 payment, with early results indicating duplicate imaging reductions exceeding targets in a US$16.5 billion addressable market. The company advanced its Life Radiology pilot in Miami into full patient deployment, replacing CD-ROMs with cloud-based access via 3DICOM Patient using its MFTP protocol, while also pursuing major U.S. growth opportunities including a multi‑million‑dollar project request to the U.S. House of Representatives for a Florida Medicaid imaging repository, a separate MOU with Florida International University, and securing key regulatory milestones such as FDA 510(k) clearance for 3DICOM MD Cloud and ISO 13485 renewal, all supported by a cash runway of around eight quarters.

The most recent analyst rating on (AU:SHG) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Singular Health Group Ltd stock, see the AU:SHG Stock Forecast page.

Singular Health Raises $344,000 From Option Exercise, Issues Escrowed Shares
Jan 20, 2026

Singular Health Group Limited has raised $344,000 through the exercise of 1,720,000 unlisted options at $0.20 each, resulting in the issuance of an equivalent number of fully paid ordinary shares. The newly issued shares will be subject to a 12‑month voluntary escrow period, and the company has confirmed compliance with relevant Corporations Act disclosure and reporting obligations, signalling a modest capital injection while maintaining regulatory transparency for shareholders.

The most recent analyst rating on (AU:SHG) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Singular Health Group Ltd stock, see the AU:SHG Stock Forecast page.

Singular Health Seeks ASX Quotation for 1.72 Million New Shares
Jan 20, 2026

Singular Health Group Ltd has applied to the ASX for quotation of 1,720,000 new fully paid ordinary shares, issued on 19 January 2026, following the exercise of options or conversion of other securities. The additional share quotation modestly expands the company’s equity base, potentially improving liquidity in its stock and reflecting ongoing utilisation of its capital management and incentive structures, with implications for existing shareholders through incremental dilution but also signalling continued investor or holder engagement with the company’s securities.

The most recent analyst rating on (AU:SHG) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Singular Health Group Ltd stock, see the AU:SHG Stock Forecast page.

Singular Health Wins Rapid FDA Clearance for Cloud-Based 3D Imaging Platform
Jan 12, 2026

Singular Health Group has secured U.S. FDA 510(k) clearance for 3DICOM MD Cloud, a Class II Software as a Medical Device and cloud-based evolution of its previously cleared 3DICOM MD desktop software, allowing the company to market and deploy the platform clinically across the United States. The accelerated 40-day review, well ahead of the typical timeline, underscores the robustness of the submission and enables the company to advance its U.S. commercial strategy with a browser-based solution that removes hardware and complex IT installation requirements. By adding support for X-ray and ultrasound alongside CT, MRI and PET, the cloud platform significantly broadens the range of clinical pathways it can serve and positions Singular Health to address an estimated US$16.5 billion U.S. market opportunity in reducing duplicate imaging, potentially enhancing adoption among large healthcare organisations and strengthening its competitive position in medical imaging software.

The most recent analyst rating on (AU:SHG) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Singular Health Group Ltd stock, see the AU:SHG Stock Forecast page.

Singular Health Options Lapse as 5 Million SHGAY Securities Expire Unexercised
Jan 7, 2026

Singular Health Group Ltd has announced the cessation of 5,000,000 listed options (ASX code SHGAY) that expired unexercised on 23 December 2025, each carrying an exercise price of A$0.40. The lapse of these options slightly simplifies the company’s capital structure by removing a class of potential dilutive securities, which may alter future capital-raising flexibility but has no immediate cash impact, and signals that current market conditions did not support conversion at the exercise price.

The most recent analyst rating on (AU:SHG) stock is a Hold with a A$0.26 price target. To see the full list of analyst forecasts on Singular Health Group Ltd stock, see the AU:SHG Stock Forecast page.

Singular Health Group Options Lapse, Trimming Potential Dilution
Dec 22, 2025

Singular Health Group Ltd has notified the ASX that a tranche of listed options has lapsed, reducing its pool of potential dilutive securities. The company confirmed that 2,030,000 options exercisable at A$0.30 and expiring on 20 December 2025 ceased to exist unexercised, a routine capital management event that slightly streamlines its issued capital structure and may marginally lessen prospective dilution for existing shareholders.

The most recent analyst rating on (AU:SHG) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on Singular Health Group Ltd stock, see the AU:SHG Stock Forecast page.

Singular Health Grants 6 Million Incentive Options to Managing Director Denning Chong
Dec 22, 2025

Singular Health Group Limited has disclosed a change in director Denning Chong’s relevant interests in the company’s securities, involving a mix of direct and indirect holdings across ordinary shares, unlisted options, and performance rights held through several controlled entities. As part of his managing director remuneration package and following shareholder approval at the company’s 2025 annual general meeting, Chong has been granted 6 million new unlisted incentive options exercisable at $0.55 and expiring on 30 November 2029, which are subject to various vesting conditions; the award increases his potential equity exposure and further aligns executive incentives with long-term shareholder outcomes.

The most recent analyst rating on (AU:SHG) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on Singular Health Group Ltd stock, see the AU:SHG Stock Forecast page.

Singular Health Group Issues 6 Million Unlisted Options Expiring in 2029
Dec 19, 2025

Singular Health Group Ltd, listed on the ASX under the code SHG, has notified the market of a new issuance of unquoted equity securities in the form of options. The company has issued 6 million unlisted options, each with an exercise price of $0.55 and an expiry date of 30 November 2029, dated 18 December 2025, signalling a move to potentially raise additional capital in the future and further align incentives for stakeholders through long-dated option-based compensation or financing structures.

The most recent analyst rating on (AU:SHG) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on Singular Health Group Ltd stock, see the AU:SHG Stock Forecast page.

Singular Health Group Strengthens Financial Position with Share Issuance
Dec 9, 2025

Singular Health Group Ltd announced the issuance of 900,000 fully paid ordinary shares following the exercise of unlisted options, raising $135,000. This move reflects the company’s ongoing efforts to strengthen its financial position and support its mission of advancing medical technology solutions. The announcement, authorized by the Board of Directors, indicates compliance with relevant provisions of the Corporations Act, ensuring transparency and adherence to regulatory standards.

The most recent analyst rating on (AU:SHG) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on Singular Health Group Ltd stock, see the AU:SHG Stock Forecast page.

Singular Health Group Ltd Announces Quotation of New Securities
Dec 9, 2025

Singular Health Group Ltd has announced the quotation of 900,000 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move, resulting from the exercise of options or conversion of other securities, is part of the company’s ongoing efforts to enhance its market presence and operational capacity.

The most recent analyst rating on (AU:SHG) stock is a Sell with a A$0.50 price target. To see the full list of analyst forecasts on Singular Health Group Ltd stock, see the AU:SHG Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 10, 2026