Company Valuation: Ramsay Health Care Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 14,334 16,683 12,839 10,857 8,432 10,324 - -
Change - 16.39% -23.04% -15.44% -22.33% 22.43% - -
Enterprise Value (EV) 1 23,881 27,067 24,069 21,132 13,185 17,747 18,038 17,958
Change - 13.34% -11.08% -12.2% -37.61% 34.6% 1.64% -0.45%
P/E 32.7x 63.1x 45.1x 12.5x 1,223x 34.3x 27.6x 22.9x
PBR 3.57x 4.26x 3.11x 2.22x 1.67x 2.05x 1.99x 1.92x
PEG - -1.6x 6.02x 0x -12.3x 0x 1.1x 1.1x
Capitalization / Revenue 1.08x 1.21x 0.84x 0.65x 0.47x 0.55x 0.53x 0.51x
EV / Revenue 1.79x 1.96x 1.57x 1.26x 0.74x 0.95x 0.93x 0.89x
EV / EBITDA 11.6x 14.8x 12x 9.94x 6.11x 7.84x 7.55x 7.01x
EV / EBIT 21.1x 29.2x 23.1x 21x 18.7x 16.4x 15.2x 13.7x
EV / FCF 28x 3,867x 43.1x 39.2x 18.7x 32.1x 25.4x 22.8x
FCF Yield 3.57% 0.03% 2.32% 2.55% 5.34% 3.12% 3.94% 4.39%
Dividend per Share 2 1.515 0.97 0.75 0.8 0.8 0.8493 1.012 1.226
Rate of return 2.41% 1.32% 1.33% 1.69% 2.18% 1.89% 2.25% 2.73%
EPS 2 1.926 1.161 1.248 3.809 0.03 1.31 1.629 1.963
Distribution rate 78.7% 83.5% 60.1% 21% 2,667% 64.8% 62.1% 62.4%
Net sales 1 13,332 13,776 15,369 16,779 17,854 18,774 19,330 20,189
EBITDA 1 2,054 1,830 2,002 2,126 2,159 2,264 2,390 2,562
EBIT 1 1,133 927.5 1,041 1,005 706.2 1,083 1,184 1,312
Net income 1 449 274 298.1 888.7 24 300.9 384 455.2
Net Debt 1 9,547 10,384 11,230 10,276 4,752 7,423 7,715 7,634
Reference price 2 62.95 73.24 56.29 47.46 36.69 44.90 44.90 44.90
Nbr of stocks (in thousands) 227,700 227,782 228,080 228,754 229,830 229,930 - -
Announcement Date 25/08/21 25/08/22 23/08/23 29/08/24 27/08/25 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
34.27x0.95x7.84x1.89% 7.29B
32.02x3.05x13.63x1.36% 17.93B
52.57x4.48x29.48x0.26% 13.51B
19.85x2.32x10.83x0.63% 12.37B
22.63x3.18x11.35x1.9% 12.11B
25.92x2.09x16.82x0.15% 10.57B
19.71x2.87x11.79x4.05% 9.69B
52.67x6.89x28.91x0.11% 7.58B
12.42x1.18x7.68x2.3% 7.08B
Average 30.23x 3.00x 15.37x 1.41% 10.9B
Weighted average by Cap. 30.63x 3.05x 15.66x 1.33%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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