Report
Gareth James
EUR 100.00 For Business Accounts Only

Healthscope Only Getting Closer to Being Acquired

We have maintained narrow-moat-rated Healthscope’s AUD 2.40 fair value estimate following its first-quarter trading update and annual general meeting, or AGM. At the current market price of AUD 2.10, we continue to believe the shares are undervalued. Aside from the evolving takeover drama, Healthscope is progressing as expected with the 10.4% operating EBITDA growth achieved in in the first quarter in line with both management guidance and our forecast of 10% for fiscal 2019. The Northern Beache...
Underlying
Healthscope Ltd.

Healthscope is a private healthcare provider, with 45 private hospitals and 48 medical centres and skin clinics across Australia, as well as 56 international pathology laboratories. Co. is also a provider of pathology services in New Zealand, Singapore and Malaysia. Co.'s reportable segments are Hospitals Australia, which provides management and surgical and non-surgical private hospitals; Pathology New Zealand, which provides pathology services in New Zealand; and Other, which provides pathology services in Malaysia, Singapore and Vietnam and practice management services in medical centres in Australia.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Gareth James

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