NIB’s Growth Prospects Remain Strong Despite Market Volatility; FVE Unchanged at AUD 6.20
Our positive long-term view on narrow moat-rated private health insurer NIB Holdings is unchanged despite recent market volatility. Since NIB’s better-than-expected first-half result in February this year, the stock price has fallen markedly, down 17% to around AUD 5.50. Listed peer Medibank Private’s share price is down about 15% since February. Despite the share price weakness, our view on the company’s growth prospects is unchanged. We like the consistent execution of strategy and forecast st...NIB Holdings operates in five segments: Australian Residents Health Insurance, which consists of Co.'s main product offering within the Australian private health insurance industry; New Zealand Residents Health Insurance, which consists of Co.'s main product offering within the New Zealand private health insurance Industry; International (Inbound) Health Insurance, which consists of Co.'s offering of health insurance products for international students and workers; World Nomads Group, which consists of Co.'s distribution of travel insurance products; and NIB Options, which consists of Co.'s facilitation of access to cosmetic and dental treatment both overseas and in Australia.
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