Medibank on Track for a Solid FY17 Result, But Growth Outlook Slows. AUD 2.80 FVE Unchanged
Narrow moat-rated private health insurer Medibank Private is on track to report a solid fiscal 2017 NPAT of AUD 435 million on Aug. 18, 2017 with a total fully franked dividend of AUD 12 cents per share. However, strong earnings growth in fiscal 2015 and 2016 has stalled and we expect broadly flat EPS growth in fiscal 2017 and 2018. Net health insurance operating margins are expected to decline during our fiscal 2017-2021 forecast period reducing to approximately 7% in fiscal 2021 from an unsust...Medibank Private is a private health insurer. Co.'s main business is Health Insurance, whereby it underwrites and distributes private health insurance policies under two brands, Medibank and ahm. Co. has two segments, Health Insurance, which provides private health insurance products including hospital cover and extras cover, as stand-alone products or packaged products that combine the two and also provides health insurance products to overseas visitors and students; and Complementary Services, which include activities such as contracting with government and corporate customers to provide health management services, as well as providing telehealth services in Australia and New Zealand.
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