Ramsay Health Care’s FVE Maintained at AUD 65.00 as 1H Result Meets Expectations
Narrow-moat Ramsay Health Care’s first-half result was in line with both our expectations and management guidance. We maintain our earnings forecasts and AUD 65.00 fair value estimate. The share price has risen 16% over the past four months, and at the current price of AUD 64.64, the stock is now fairly valued. The price and fair value imply a fiscal 2020 P/E ratio of 21 and dividend yield of 2.4%, or 3.5% including franking credits. We consider the dividend sustainable due to the defensive natu...Ramsay Health Care is a global hospital group, which is engaged in providing health care services. Co.'s facilities cater for a range of health care needs from day surgery procedures to complex surgery, as well as psychiatric care and rehabilitation. As of June 30, 2016, Co. operated 223 hospitals and day surgery facilities across Australia, the U.K., France, Indonesia, Malaysia and Italy.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.