Maintaining FVE for Ramsay Health Care after Management Reiterates Guidance.
We maintain our AUD 87 per share fair value estimate for narrow-moat Ramsay Health Care, after management reiterated fiscal 2018 EPS growth guidance of between 8% and 10%. This compares with our forecast 2018 EPS growth assumption of 9%, representing EPS of AUD 2.85. At current levels, shares are trading at a significant discount to our valuation. As outlined in our special report “Ramsay’s Prescription for Growth†October 2017, we continue to believe the market is underappreciating the company’...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.
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