This dominant Tier 1 private hospital operator offers growing yet defensive earnings.
Narrow-moat Ramsay Health Care posted full-year results in line with recent guidance provided in June but outlined a softer fiscal 2019 than we forecast. Net profit of AUD 579.3 million on revenue of AUD 9.2 billion, up 6.8% and 5.4%, respectively, tracked our expectations. The final fully franked DPS of AUD 86.5 cents took total dividends for the year to AUD 1.44 per share, fully franked, representing an increase of 7% and equating to 51.5% payout of adjusted EPS. The key driver of the result w...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.
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