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Stock of the day: Fisher and Paykel Healthcare

Fisher & Paykel Healthcare reports a 43% increase in net profit to $153.2 million for the first half of 2025, despite stock pressures. Operating revenue rose 18%, with strategic focus maintaining growth post-Covid-19.

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This video was created on 28 November for IG audiences by ausbiz.

ASX code: FPH

Fisher & Paykel's performance highlights

Fisher & Paykel Healthcare reported a 43% increase in net profit for the first half (H1) of the 2025 financial year, reaching $153.2 million. While, operating revenue rose 18% to $951.2 million. The company reaffirmed its full-year net profit guidance of $320 million to $370 million.

Despite positive results, the stock has faced pressure, though it is up about 52% year-to-date.

Price-to-earnings ratio considerations

The stock's high price-to-earnings (P/E) ratio is a concern for investors. It was at 103 before the announcement, and even a 40% profit increase would only lower it to 60.

Historically, investors like Howard bought when the P/E was 20 to 25. This suggests holding shares rather than buying more at the current valuation.

Market expectations and outlook

The Covid-19 pandemic set high expectations, impacting market reactions. Fisher & Paykel saw increased demand for masks and healthcare equipment during the pandemic. Post-pandemic, the healthcare sector shifted focus, but the company maintained growth through effective cost management.

With its current valuation, analysts have a hold rating.

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