Infertility market dynamics and the government funding model underpin a positive growth outlook.
We have revisited our forecast assumptions following yesterday’s trading update from no-moat Virtus Health, and have reduced our fair value estimate to AUD 6.80 per share from AUD 7.50. While we remain comfortable with our long-term growth rate for the IVF market, we now see increased competition that leads us to lower our fiscal 2017 earnings forecasts by 11% to AUD 33.7 million, lower our pricing assumptions to 1% per year from 2% beyond fiscal 2017.Our long-term industry view is predicated o...
Virtus Health is a global healthcare company engaged in the provision of healthcare services which included fertility services, medical day procedure services and medical diagnostic services. As an Assisted Reproductive Services provider in Australia and Ireland with a presence in Singapore, Co. provides patients with access to some of the clinical and scientific capabilities in fertility treatment as well as assisted reproductive technologies.
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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