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 12,803 - -
Change - 16.39% -23.04% -15.44% -22.33% 51.83% - -
Enterprise Value (EV) 1 23,881 27,067 24,069 21,132 13,185 14,676 19,282 19,462
Change - 13.34% -11.08% -12.2% -37.61% 11.31% -4.67% 0.93%
P/E 32.7x 63.1x 45.1x 12.5x 1,223x 32.4x 31.1x 26.7x
PBR 3.57x 4.26x 3.11x 2.22x 1.67x 2.05x 2.49x 2.39x
PEG - -1.6x 6.02x 0x -12.3x 0x 0.9x 1.6x
Capitalization / Revenue 1.08x 1.21x 0.84x 0.65x 0.47x 0.54x 0.66x 0.64x
EV / Revenue 1.79x 1.96x 1.57x 1.26x 0.74x 0.78x 1x 0.97x
EV / EBITDA 11.6x 14.8x 12x 9.94x 6.11x 6.36x 7.88x 7.46x
EV / EBIT 21.1x 29.2x 23.1x 21x 18.7x 13.3x 15.5x 14.3x
EV / FCF 28x 3,867x 43.1x 39.2x 18.7x 21.1x 23.9x 24.9x
FCF Yield 3.57% 0.03% 2.32% 2.55% 5.34% 4.75% 4.19% 4.01%
Dividend per Share 2 1.515 0.97 0.75 0.8 0.8 0.91 1.098 1.275
Rate of return 2.41% 1.32% 1.33% 1.69% 2.18% 2.07% 1.98% 2.29%
EPS 2 1.926 1.161 1.248 3.809 0.03 1.358 1.789 2.082
Distribution rate 78.7% 83.5% 60.1% 21% 2,667% 67% 61.4% 61.3%
Net sales 1 13,332 13,776 15,369 16,779 17,854 18,707 19,257 20,117
EBITDA 1 2,054 1,830 2,002 2,126 2,159 2,309 2,446 2,610
EBIT 1 1,133 927.5 1,041 1,005 706.2 1,105 1,244 1,364
Net income 1 449 274 298.1 888.7 24 329.2 413.9 480.1
Net Debt 1 9,547 10,384 11,230 10,276 4,752 4,564 6,479 6,659
Reference price 2 62.95 73.24 56.29 47.46 36.69 55.61 55.61 55.61
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.($)
42.44x1.08x8.93x1.53% 9.12B
29.69x2.8x12.51x1.48% 16.51B
51.5x4.44x28.89x0.27% 13.38B
19.08x2.27x10.58x0.65% 11.99B
25.23x2.96x10.31x1.6% 11.22B
83.09x7.91x32.14x - 10.26B
24.72x2x16.15x0.15% 10.08B
19.55x2.84x11.72x4.1% 9.51B
14.05x1.35x7.96x1.88% 8.62B
51.72x6.53x28.19x0.15% 7.04B
Average 36.11x 3.42x 16.74x 1.31% 10.77B
Weighted average by Cap. 35.74x 3.36x 16.60x 1.29%

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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  4. Valuation Ramsay Health Care Limited
-40%: Exceptional extension
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