RAMSAY HEALTH CARE LIMITED (RHC)
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RHC

RHC - RAMSAY HEALTH CARE LIMITED

FNArena Sector : Healthcare services
Year End: June
GICS Industry Group : Health Care Equipment & Services
Debt/EBITDA: 5.71
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Ramsay Health Care is a private hospital and healthcare services group with operations in Australia, Europe and the UK. It sold its Ramsay Sime Darby Asia joint venture in 2023.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$43.12

17 Jul
2026

0.480

OPEN

$43.00

1.13%

HIGH

$43.40

914,720

LOW

$42.55

TARGET
$40.362 -6.4% downside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ACL . ALC . BMT . DOC . EBO . HLS . IDX . M7T . MPL . MVF . NHF . SHL .
FNARENA'S MARKET CONSENSUS FORECASTS
RHC: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 3.0 134.1 xxx
DPS (cps) xxx 80.0 81.6 xxx
EPS Growth xxx - 99.2% 100.0% xxx
DPS Growth xxx 0.0% 2.0% xxx
PE Ratio xxx N/A 32.1 xxx
Dividend Yield xxx N/A 1.9% xxx
Div Pay Ratio(%) xxx 2702.7% 60.9% xxx

Dividend yield today if purchased 3 years ago: 1.42%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.86

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: 09/03 - ex-div 42.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx3.0
DPS All xxxxxxxxxxxxxxx80.0
Sales/Revenue xxxxxxxxxxxxxxx17,801.7 M
Book Value Per Share xxxxxxxxxxxxxxx2,075.4
Net Operating Cash Flow xxxxxxxxxxxxxxx1,497.3 M
Net Profit Margin xxxxxxxxxxxxxxx0.13 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx0.14 %
Return on Invested Capital xxxxxxxxxxxxxxx0.15 %
Return on Assets xxxxxxxxxxxxxxx0.11 %
Return on Equity xxxxxxxxxxxxxxx0.48 %
Return on Total Capital xxxxxxxxxxxxxxx5.82 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx559.1 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx686 M
Long Term Debt xxxxxxxxxxxxxxx11,434 M
Total Debt xxxxxxxxxxxxxxx12,120 M
Goodwill - Gross xxxxxxxxxxxxxxx6,264 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx784 M
Price To Book Value xxxxxxxxxxxxxxx1.77

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx776.6 M
Capex % of Sales xxxxxxxxxxxxxxx4.36 %
Cost of Goods Sold xxxxxxxxxxxxxxx16,075 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx729 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx111 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

0.0

No. Of Recommendations

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

Citi

xx/xx/xxxx

3

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xx/xx/xxxx

3

xxxx

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xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

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$xx.xx

xx.xx%

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Macquarie

01/06/2026

1

Outperform

$43.40

0.65%

March quarter APRA data showed private hospital benefits rose 6.2% year-on-year, supported by a 5.0% increase in benefits per episode and improving private health insurance participation, Macquarie observes.

The data is seen as further evidence of a more favourable hospital funding environment.

Ramsay Health Care is expecting a major private health insurer (PHI) contract renewal in the second half, the analyst highlights.

Macquarie forecasts Australian revenue growth of around 8% for Ramsay in FY26, ahead of industry benefits growth of approximately 7.5%.

Outperform. Target is $43.40.

FORECAST
Macquarie forecasts a full year FY26 dividend of 81.50 cents and EPS of 131.60 cents.
Macquarie forecasts a full year FY27 dividend of 105.00 cents and EPS of 162.20 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

20/07/2026

2

Overweight

$45.20

4.82%

Jarden maintains an Overweight rating for Ramsay Health Care with its target price unchanged at $45.20 following a strategic review and portfolio transformation program.

Management is focused on improving return on capital employed by divesting sub-optimal assets, including the planned in-specie distribution of Ramsay Sante and various clinic and real estate sales.

The investment thesis centers on the Australian hospital business achieving underlying market share gains, surgical mix improvements, and favorable private health insurance agreements.

Earnings forecasts remain unchanged as portfolio re-orientation supports enhanced cash generation and returns.

FORECAST
Jarden forecasts a full year FY26 dividend of 85.00 cents and EPS of 134.00 cents.
Jarden forecasts a full year FY27 dividend of 95.00 cents and EPS of 149.40 cents.
Access Extra Coverage Research History >

RHC STOCK CHART

FNArena News on RHC

1
Treasure Chest: Beware Aussie Healthcare

Jul 17 2026 - Treasure Chest
2
Rudi’s View: Small Cap Favourites, AI & More

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3
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Jun 17 2026 - Rudi's View
4
Rudi’s View: Diversified Asset Allocators

Jun 11 2026 - Rudi's View
5
Rudi’s View: AI Is Making A Come-Back

May 13 2026 - Rudi's View

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