Report
Chris Kallos
EUR 100.00 For Business Accounts Only

Medicare IVF Data Muted, but Our Long-Term Volume Assumptions Are Unchanged for Monash

We maintain our AUD 1.60 fair value estimate for no-moat-rated Monash IVF Group following the most recent release of Medicare IVF fresh and frozen volume data (Medicare items 13200, 13201, 13202, 13218) for May 2018. Total fresh and frozen cycle volumes at a national level, on a combined 12-month rolling basis, increased by 2.8% and thus came in broadly in line with our volume growth assumptions for the industry. 
Despite the near-term challenges in Victoria, which we see continuing into the sec...
Underlying
Monash IVF Group

Healthbridge Enterprises is engaged in the provision of medical services in the area of human reproduction and human pathology.

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
Chris Kallos

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