Ramsay Ramps Up Pharmacy Push, Shares Remain Undervalued
We maintain our AUD 87 per share fair value estimate for narrow-moat Ramsay Health Care ahead of the release of fiscal 2017 results on Aug. 30, 2017. As such, we forecast earnings of AUD 522 million, versus consensus estimates of AUD 537 million. The shares are currently trading at a 16% discount to our intrinsic assessment and are therefore undervalued, in our opinion. Industry sources cite total community pharmacies currently operating under the Ramsay banner as having reached 29, up from 22 a...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.
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