Report
Chris Kallos, CFA
EUR 147.86 For Business Accounts Only

This dominant Tier 1 private hospital operator offers growing yet defensive earnings.

We maintain our fair value estimate for narrow moat-rated Ramsay Health Care at AUD 87 per share. Shares in Ramsay are currently trading at a 15% discount to our intrinsic assessment, and in our opinion, are undervalued. Ramsay today reaffirmed previous full guidance ahead of the company’s annual general meeting, scheduled for Nov. 9. Management advised its first-quarter fiscal 2017 results are in line with expectations and remains on track to delivering core net profit after tax, or NPAT, and c...
Underlying
Ramsay Health Care Limited

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.

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
Chris Kallos, CFA

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