Netcare (JSE:NTC) Selling, General, & Admin. Expense: R10,212 Mil (TTM As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

JSE:NTC Netcare Ltd JSE:NTC
81 GF Score
Price R18.82
GF Value R17.02
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Netcare Selling, General, & Admin. Expense?

Netcare JSE:NTC -0.95% 81 Selling, General, & Admin. Expense is R10,212 Mil as of Mar. 2026. GuruFocus rates JSE:NTC with a GF Score™ of 81/100 and a GF Value™ of R17.02 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Netcare's selling, general, & admin. expense for the six months ended in Mar. 2026 was R4,993 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was R10,212 Mil.


Netcare  (JSE:NTC) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Netcare Selling, General, & Admin. Expense Related Terms


Netcare Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Netcare's Selling, General, & Admin. Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Netcare Selling, General, & Admin. Expense Chart

Netcare Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8,518.00 8,524.00 9,371.00 9,638.00 10,039.00

Netcare Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Selling, General, & Admin. Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,629.00 5,009.00 4,820.00 5,219.00 4,993.00

JSE:NTC vs HCA, THC, DVA: Selling, General, & Admin. Expense Comparison

For the Medical Care Facilities subindustry, Netcare's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Netcare Selling, General, & Admin. Expense vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Netcare's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Netcare's Selling, General, & Admin. Expense falls into.


JSE:NTC
81GF Score
Netcare Ltd JSE:NTC
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Netcare Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was R10,212 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Selling, General, & Admin. Expense of R10,212 Mil mean?
Netcare (JSE:NTC) has a Selling, General, & Admin. Expense of R10,212 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Netcare and its competitors.
Is Netcare's Selling, General, & Admin. Expense too high?
Netcare's current Selling, General, & Admin. Expense is R10,212 Mil. Overall, Netcare has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Netcare's Selling, General, & Admin. Expense compare to HCA and THC?
Netcare's Selling, General, & Admin. Expense of R10,212 Mil can be compared against companies in the Healthcare Providers & Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Healthcare Providers & Services company?
A good Selling, General, & Admin. Expense depends on the Healthcare Providers & Services industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Netcare and its competitors. Netcare's current Selling, General, & Admin. Expense is R10,212 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netcare stock overvalued right now?
Based on GuruFocus' analysis, Netcare (JSE:NTC) is currently considered Modestly Overvalued. The stock's GF Value™ is R17.02, compared to a current price of R18.82 — trading 10.6% above its estimated fair value. The current Selling, General, & Admin. Expense is R10,212 Mil. Netcare's overall GF Score™ is 81/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Netcare (JSE:NTC), the current Selling, General, & Admin. Expense is R10,212 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Netcare (JSE:NTC) Overvalued in 2026?

Based on GuruFocus' analysis, Netcare stock appears to be overvalued. The current stock price of R18.82 is trading 10.6% above its estimated GF Value™ of R17.02. GuruFocus considers Netcare to be Modestly Overvalued.

Key valuation signals for JSE:NTC:

  • Selling, General, & Admin. Expense: R10,212 Mil
  • GF Value™: R17.02 vs. price of R18.82 (10.6% above fair value)
  • GF Score™: 81/100 with 6 warning signs

No single metric tells the full story. See the JSE:NTC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Netcare Business Description

Other Exchanges NTCP.PFD:South Africa
Address 76 Maude Street, Corner West Street, Sandton 2196, Private Bag X34, Benmore, GT, ZAF, 2010
Netcare Ltd operates a network of hospitals in South Africa. Its network also includes emergency, cancer care, diagnostic support, primary care, and renal care services as well as occupational health and wellness services. The firm operates in two segments: Hospital and emergency services and Primary Care. The Hospital and emergency services segment contributes to majority of the firm's revenue. Netcare's services include Netcare appointmed TM, Netcare Cancer Care, Netcare Family Connect Line, Netcare Occupational Health and Netcare Pharmacy.
81GF Score

Get the complete analysis for JSE:NTC

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R18.82
Price
R17.02
GF Value