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 10,013 - -
Change - 16.39% -23.04% -15.44% -22.33% 18.75% - -
Enterprise Value (EV) 1 23,881 27,067 24,069 21,132 13,185 17,436 17,728 17,647
Change - 13.34% -11.08% -12.2% -37.61% 32.24% 1.67% -0.46%
P/E 32.7x 63.1x 45.1x 12.5x 1,223x 33.3x 26.8x 22.2x
PBR 3.57x 4.26x 3.11x 2.22x 1.67x 1.98x 1.93x 1.86x
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 0.53x 0.52x 0.5x
EV / Revenue 1.79x 1.96x 1.57x 1.26x 0.74x 0.93x 0.92x 0.87x
EV / EBITDA 11.6x 14.8x 12x 9.94x 6.11x 7.7x 7.42x 6.89x
EV / EBIT 21.1x 29.2x 23.1x 21x 18.7x 16.1x 15x 13.4x
EV / FCF 28x 3,867x 43.1x 39.2x 18.7x 31.5x 24.9x 22.4x
FCF Yield 3.57% 0.03% 2.32% 2.55% 5.34% 3.17% 4.01% 4.47%
Dividend per Share 2 1.515 0.97 0.75 0.8 0.8 0.8458 1.009 1.226
Rate of return 2.41% 1.32% 1.33% 1.69% 2.18% 1.94% 2.32% 2.81%
EPS 2 1.926 1.161 1.248 3.809 0.03 1.308 1.627 1.963
Distribution rate 78.7% 83.5% 60.1% 21% 2,667% 64.7% 62% 62.4%
Net sales 1 13,332 13,776 15,369 16,779 17,854 18,768 19,324 20,189
EBITDA 1 2,054 1,830 2,002 2,126 2,159 2,264 2,389 2,562
EBIT 1 1,133 927.5 1,041 1,005 706.2 1,083 1,183 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 43.55 43.55 43.55
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.($)
33.6x0.93x7.74x1.92% 7.1B
32.52x3.09x13.81x1.34% 18.18B
53.19x4.54x29.82x0.26% 13.68B
22.62x3.21x11.49x1.88% 12.27B
17.94x2.08x9.69x0.7% 10.96B
24.95x2.02x16.28x0.15% 10.18B
19.12x2.78x11.45x4.18% 9.31B
51.35x6.76x28.2x0.13% 7.4B
12.56x1.2x8.05x2.25% 7.23B
Average 29.76x 2.96x 15.17x 1.42% 10.7B
Weighted average by Cap. 30.47x 3.03x 15.58x 1.35%

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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