Medibank (MPL) Stock Price, Fundamentals & Analysis

What MPL does

Medibank (MPL) is a private health insurer listed on the ASX that operates in two segments: Health Insurance and Medibank Health. The Health Insurance segment offers hospital cover for inpatient treatment, ancillary cover for services such as dental, optical, and physiotherapy, and policies for overseas visitors and students. The Medibank Health segment provides health management and in-home care services, telehealth and primary care to government and corporate customers, and distributes travel, life, and pet insurance. It underwrites and distributes policies under the Medibank and ahm brands, with investments in short-stay surgical and mental health facilities. The company was founded in 1976 and is headquartered in Docklands, Australia.

Key numbers explained

• 4.54 AUD is the current share price, the amount you pay for one share on the market.
• -0.44% is the price change today, showing the percentage move relative to the previous close.
• 12.5 mld. AUD is the market capitalisation, the total value of all outstanding shares.
• The trailing P/E ratio of 19.7 divides the current share price by the last 12 months of earnings per share (0.23 AUD), indicating how much investors pay per dollar of recent earnings.
• The forward P/E ratio of 16.9 uses expected future earnings, often a more forward-looking gauge.
• 4.23% is the dividend yield, the annual dividend as a percentage of the share price.
• 80% of earnings is paid out as dividends, meaning most of the company's profit is returned to shareholders.
• 0.05 is the beta, a measure of share price volatility relative to the market; a low beta suggests lower sensitivity to market swings.
• 12.6% revenue growth year over year shows how quickly top-line sales have expanded.
• 27.2% return on equity indicates how efficiently the company generates profit from shareholders' equity.
• 11.4% debt-to-equity ratio shows the proportion of debt relative to equity used to finance the business.

What to watch

• Medibank competes with peers such as Zip (ZIP), Nib (NHF), Steadfast Group (SDF), and Pinnacle Investment Management (PNI), which operate in related financial services or insurance spaces.
• Health policy changes and government regulation can affect private health insurers' premium pricing and membership volumes.
• Medical cost inflation and claims trends influence profitability and underwriting margins.
• Interest rate environments affect investment income from the company's float and reserves.
• Membership growth and retention rates are key drivers of revenue in the Health Insurance segment.
• The upcoming earnings report on 20 aug. 2026 will provide fresh insight into financial performance.