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 10,041 - -
Change - 16.39% -23.04% -15.44% -22.33% 19.08% - -
Enterprise Value (EV) 1 23,881 27,067 24,069 21,132 13,185 16,940 16,900 16,803
Change - 13.34% -11.08% -12.2% -37.61% 28.48% -0.23% -0.57%
P/E 32.7x 63.1x 45.1x 12.5x 1,223x 33x 26.4x 22.2x
PBR 3.57x 4.26x 3.11x 2.22x 1.67x 1.96x 1.91x 1.85x
PEG - -1.6x 6.02x 0x -12.3x 0x 1.1x 1.2x
Capitalization / Revenue 1.08x 1.21x 0.84x 0.65x 0.47x 0.53x 0.52x 0.49x
EV / Revenue 1.79x 1.96x 1.57x 1.26x 0.74x 0.9x 0.87x 0.83x
EV / EBITDA 11.6x 14.8x 12x 9.94x 6.11x 7.44x 7.05x 6.56x
EV / EBIT 21.1x 29.2x 23.1x 21x 18.7x 15.7x 14.3x 12.9x
EV / FCF 28x 3,867x 43.1x 39.2x 18.7x 30.9x 23.4x 21.4x
FCF Yield 3.57% 0.03% 2.32% 2.55% 5.34% 3.23% 4.27% 4.68%
Dividend per Share 2 1.515 0.97 0.75 0.8 0.8 0.8542 1.034 1.24
Rate of return 2.41% 1.32% 1.33% 1.69% 2.18% 1.96% 2.37% 2.84%
EPS 2 1.926 1.161 1.248 3.809 0.03 1.324 1.653 1.972
Distribution rate 78.7% 83.5% 60.1% 21% 2,667% 64.5% 62.5% 62.9%
Net sales 1 13,332 13,776 15,369 16,779 17,854 18,905 19,487 20,336
EBITDA 1 2,054 1,830 2,002 2,126 2,159 2,276 2,396 2,560
EBIT 1 1,133 927.5 1,041 1,005 706.2 1,082 1,178 1,302
Net income 1 449 274 298.1 888.7 24 305.8 384.4 457.2
Net Debt 1 9,547 10,384 11,230 10,276 4,752 6,899 6,859 6,762
Reference price 2 62.95 73.24 56.29 47.46 36.69 43.67 43.67 43.67
Nbr of stocks (in thousands) 227,700 227,782 228,080 228,754 229,830 229,930 - -
Announcement Date 8/25/21 8/25/22 8/23/23 8/29/24 8/27/25 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.17x3.07x13.71x1.38% 18.02B
67.04x5.28x35.75x0.26% 13.4B
20.89x3.01x10.7x1.99% 11.6B
17.44x2.03x9.52x0.72% 10.61B
23.58x1.9x15.82x0.16% 9.67B
19.11x2.8x11.48x4.17% 9.39B
69.12x8.29x36.12x0.12% 7.76B
12.61x1.1x6.68x2.07% 6.81B
Average 32.74x 3.43x 17.47x 1.36% 10.91B
Weighted average by Cap. 33.63x 3.43x 17.62x 1.31%

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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