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 9,873 - -
Change - 16.39% -23.04% -15.44% -22.33% 17.09% - -
Enterprise Value (EV) 1 23,881 27,067 24,069 21,132 13,185 16,334 16,302 16,205
Change - 13.34% -11.08% -12.2% -37.61% 23.89% -0.2% -0.59%
P/E 32.7x 63.1x 45.1x 12.5x 1,223x 32.4x 25.9x 21.6x
PBR 3.57x 4.26x 3.11x 2.22x 1.67x 1.92x 1.86x 1.81x
PEG - -1.6x 6.02x 0x -12.3x 0x 1x 1.1x
Capitalization / Revenue 1.08x 1.21x 0.84x 0.65x 0.47x 0.52x 0.51x 0.49x
EV / Revenue 1.79x 1.96x 1.57x 1.26x 0.74x 0.86x 0.84x 0.8x
EV / EBITDA 11.6x 14.8x 12x 9.94x 6.11x 7.18x 6.8x 6.33x
EV / EBIT 21.1x 29.2x 23.1x 21x 18.7x 15.1x 13.8x 12.4x
EV / FCF 28x 3,867x 43.1x 39.2x 18.7x 29.8x 22.6x 20.6x
FCF Yield 3.57% 0.03% 2.32% 2.55% 5.34% 3.35% 4.43% 4.85%
Dividend per Share 2 1.515 0.97 0.75 0.8 0.8 0.8576 1.033 1.243
Rate of return 2.41% 1.32% 1.33% 1.69% 2.18% 2% 2.41% 2.9%
EPS 2 1.926 1.161 1.248 3.809 0.03 1.327 1.658 1.987
Distribution rate 78.7% 83.5% 60.1% 21% 2,667% 64.6% 62.3% 62.6%
Net sales 1 13,332 13,776 15,369 16,779 17,854 18,903 19,474 20,308
EBITDA 1 2,054 1,830 2,002 2,126 2,159 2,275 2,396 2,561
EBIT 1 1,133 927.5 1,041 1,005 706.2 1,080 1,179 1,307
Net income 1 449 274 298.1 888.7 24 306.4 386 461.1
Net Debt 1 9,547 10,384 11,230 10,276 4,752 6,461 6,428 6,332
Reference price 2 62.95 73.24 56.29 47.46 36.69 42.94 42.94 42.94
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.($)
32.35x0.86x7.19x1.99% 6.84B
32.14x3.07x13.7x1.38% 18.03B
66.02x5.2x35.23x0.27% 13.14B
20.17x2.89x10.3x2.06% 11.19B
17.9x2.08x9.76x0.7% 10.94B
24.02x1.93x16.08x0.16% 9.85B
18.62x2.73x11.2x4.28% 9.1B
66.56x7.99x34.81x0.13% 7.44B
12.66x1.1x6.7x2.06% 6.84B
Average 32.27x 3.10x 16.11x 1.45% 10.37B
Weighted average by Cap. 32.96x 3.17x 16.56x 1.37%

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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