Report
David Ellis
EUR 100.00 For Business Accounts Only

Medibank Private Remains in Good Shape to Deliver Attractive Earnings Growth. AUD 3.10 FVE Intact

Our positive view on narrow-moat Medibank Private is unchanged following the recent confirmation of the private health insurer’s strategy and outlook. Medibank remains well positioned to deliver meaningful business improvements, which will underpin future earnings growth. However, we acknowledge private health insurance affordability is a major threat and continues to constrain policyholder growth. Medibank is trading around 17.2 times forecast fiscal 2018 earnings, cheaper than the listed peer ...
Underlying
Medibank Private Ltd.

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.

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
David Ellis

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