MEDIBANK PRIVATE LIMITED (MPL)
Share Price Analysis and Chart

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MPL - MEDIBANK PRIVATE LIMITED

FNArena Sector : Insurance
Year End: June
GICS Industry Group : Insurance
Debt/EBITDA: N/A
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Medibank Private is the largest Australian private health insurance provider. Previously an Australian Government business enterprise, established by the Whitlam government in 1975, it was privatised in 2014.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.55

01 Nov
2024

-0.040

OPEN

$3.57

-1.11%

HIGH

$3.58

4,279,992

LOW

$3.53

TARGET
$4.025 13.4% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AUB . CVW . FCL . GDG . HLI . IAG . NHF . NOL . QBE . SDF . SUN . TWR .
FNARENA'S MARKET CONSENSUS FORECASTS
MPL: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 17.9 20.7 xxx
DPS (cps) xxx 16.6 17.5 xxx
EPS Growth xxx - 3.7% 15.5% xxx
DPS Growth xxx 13.7% 5.6% xxx
PE Ratio xxx N/A 17.2 xxx
Dividend Yield xxx N/A 4.9% xxx
Div Pay Ratio(%) xxx 92.8% 84.8% xxx

Dividend yield today if purchased 3 years ago: 4.87%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 4.68

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 04/09 - ex-div 9.4c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx17.9
DPS All xxxxxxxxxxxxxxx16.6
Sales/Revenue xxxxxxxxxxxxxxx8,021.6 M
Book Value Per Share xxxxxxxxxxxxxxx83.7
Net Operating Cash Flow xxxxxxxxxxxxxxx988.4 M
Net Profit Margin xxxxxxxxxxxxxxx6.14 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx22.44 %
Return on Invested Capital xxxxxxxxxxxxxxx21.57 %
Return on Assets xxxxxxxxxxxxxxx10.85 %
Return on Equity xxxxxxxxxxxxxxx22.44 %
Return on Total Capital xxxxxxxxxxxxxxx31.22 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx554.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx67 M
Long Term Debt xxxxxxxxxxxxxxx152 M
Total Debt xxxxxxxxxxxxxxx218 M
Goodwill - Gross xxxxxxxxxxxxxxx402 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx691 M
Price To Book Value xxxxxxxxxxxxxxx4.46

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx57.6 M
Capex % of Sales xxxxxxxxxxxxxxx0.72 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx385 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3,060 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

23/08/2024

3

Neutral

$3.90

9.86%

Citi observes non-resident and the Medibank Private Health business are growing but not enough to materially offset the challenges in the core resident business.

In FY25 the company is now expecting system growth to slow and the broker forecasts around 1.5%. Medibank Health added $12.6m to segment profit and Citi expects the contribution to at least double in FY25. Neutral retained. Target edges up to $3.90 from $3.80.

FORECAST
Citi forecasts a full year FY25 dividend of 20.40 cents and EPS of 19.20 cents.
Citi forecasts a full year FY26 dividend of 17.00 cents and EPS of 22.00 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

27/08/2024

3

Neutral

$4.00

12.68%

Medibank Private's FY24 result nosed out consensus and Goldman Sachs' forecasts, margins benefiting from a big beat on forecast claims and solid reserving, observes the broker.

Resident private health growth missed guidance but management expects an improvement over FY25, along with an uptick in gross margins, organic growth and acquisitions.

The company guides to $10m of productivity savings in FY25 and believes inflation may have peaked, and expects steady cybercrime costs.

Neutral rating retained. Target price edges up to $4 from $3.88.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 17.00 cents and EPS of 22.00 cents.
Goldman Sachs forecasts a full year FY26 dividend of 18.00 cents and EPS of 22.00 cents.
Access Extra Coverage Research History >

MPL STOCK CHART

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