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 12,025 - -
Change - 16.39% -23.04% -15.44% -22.33% 42.6% - -
Enterprise Value (EV) 1 23,881 27,067 24,069 21,132 13,185 14,676 18,476 18,364
Change - 13.34% -11.08% -12.2% -37.61% 11.31% -5% -0.6%
P/E 32.7x 63.1x 45.1x 12.5x 1,223x 32.4x 28.3x 25.3x
PBR 3.57x 4.26x 3.11x 2.22x 1.67x 2.05x 2.34x 2.25x
PEG - -1.6x 6.02x 0x -12.3x 0x 0.7x 2.1x
Capitalization / Revenue 1.08x 1.21x 0.84x 0.65x 0.47x 0.54x 0.62x 0.6x
EV / Revenue 1.79x 1.96x 1.57x 1.26x 0.74x 0.78x 0.96x 0.91x
EV / EBITDA 11.6x 14.8x 12x 9.94x 6.11x 6.36x 7.56x 7.06x
EV / EBIT 21.1x 29.2x 23.1x 21x 18.7x 13.3x 14.9x 13.5x
EV / FCF 28x 3,867x 43.1x 39.2x 18.7x 21.1x 22.6x 23.3x
FCF Yield 3.57% 0.03% 2.32% 2.55% 5.34% 4.75% 4.42% 4.3%
Dividend per Share 2 1.515 0.97 0.75 0.8 0.8 0.91 1.12 1.269
Rate of return 2.41% 1.32% 1.33% 1.69% 2.18% 2.07% 2.14% 2.43%
EPS 2 1.926 1.161 1.248 3.809 0.03 1.358 1.848 2.068
Distribution rate 78.7% 83.5% 60.1% 21% 2,667% 67% 60.6% 61.4%
Net sales 1 13,332 13,776 15,369 16,779 17,854 18,707 19,252 20,106
EBITDA 1 2,054 1,830 2,002 2,126 2,159 2,309 2,444 2,603
EBIT 1 1,133 927.5 1,041 1,005 706.2 1,105 1,242 1,361
Net income 1 449 274 298.1 888.7 24 329.2 428.9 478.5
Net Debt 1 9,547 10,384 11,230 10,276 4,752 4,564 6,451 6,339
Reference price 2 62.95 73.24 56.29 47.46 36.69 52.23 52.23 52.23
Nbr of stocks (in thousands) 227,700 227,782 228,080 228,754 229,830 230,230 - -
Announcement Date 8/25/21 8/25/22 8/23/23 8/29/24 8/27/25 8/26/26 - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.15x2.98x13.39x1.37% 18.11B
51.54x4.43x28.85x0.27% 13.45B
18.87x2.25x10.49x0.66% 11.86B
25.68x2.97x10.3x1.56% 11.32B
85.95x7.92x32.6x - 10.55B
24.4x1.98x15.98x0.16% 9.96B
19.47x2.81x11.65x4.18% 9.39B
39.14x1.02x8.49x1.66% 8.46B
13.2x1.33x8.01x2.1% 8.05B
Average 34.49x 3.08x 15.53x 1.49% 11.24B
Weighted average by Cap. 35.19x 3.19x 16.02x 1.39%

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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