Report
Daniel Ragonese
EUR 100.00 For Business Accounts Only

Transferring Coverage of No-Moat Primary Health Care, AUD 3.50 FVE Unchanged

We reiterate our AUD 3.50 per share fair value estimate for Primary Health Care as we transition coverage to a new analyst. Our no-moat and medium fair value uncertainty ratings are unchanged. Shares in Primary Healthy Care currently trade at a meaningful discount to our fair value estimate.
We continue to project earnings per share growth of around 7% a year on average during the next five years. The government is increasingly focusing on preventative health, which typically results in superior...
Underlying
Healius

Primary Health Care is a medical center operator engaged in providing diagnostic imaging services and pathology services. Co. operates three principal operating segments: Medical Centres, which provides a range of services and facilities to general practitioners, specialists and other health care providers; Pathology, which provides pathology services; and Imaging, which provides imaging and scanning services from stand-alone imaging sites and from within the consolidated entity's medical centres.

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
Daniel Ragonese

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