PRO MEDICUS LIMITED (PME)
Share Price Analysis and Chart

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PME

PME - PRO MEDICUS LIMITED

FNArena Sector : Medical Equipment & Devices
Year End: June
GICS Industry Group : Health Care Equipment & Services
Debt/EBITDA: 0.01
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS | ALL-TECH

Pro Medicus is an imaging IT company providing a range of radiology software and services, medical accounting and clinical reporting to the health care sector. Founded in 1983, the company listed on the ASX in 2000.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$266.69

27 Nov
2025

5.250

OPEN

$260.09

2.01%

HIGH

$269.49

123,292

LOW

$260.02

TARGET
$322.767 21.0% upside
Franking for last dividend paid out: 100%
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4DX . AT1 . AYA . BB1 . BRN . CAT . CBL . CGS . CMP . COH . CSX . CU6 . CVB . CYC . EBR . EMV . EYE . FPH . IME . IMR . IPD . LDX . MX1 . NAN . ONE . PCK . PEB . PGC . RMD . SOM . TRJ . UBI .
FNARENA'S MARKET CONSENSUS FORECASTS
PME: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 110.3 154.7 xxx
DPS (cps) xxx 55.0 77.6 xxx
EPS Growth xxx 39.1% 40.3% xxx
DPS Growth xxx 37.5% 41.0% xxx
PE Ratio xxx N/A 172.3 xxx
Dividend Yield xxx N/A 0.3% xxx
Div Pay Ratio(%) xxx 49.9% 50.1% xxx

Dividend yield today if purchased 3 years ago: 0.93%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.21

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 22c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx110.3
DPS All xxxxxxxxxxxxxxx55.0
Sales/Revenue xxxxxxxxxxxxxxx213.0 M
Book Value Per Share xxxxxxxxxxxxxxx246.0
Net Operating Cash Flow xxxxxxxxxxxxxxx118.9 M
Net Profit Margin xxxxxxxxxxxxxxx54.10 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx51.82 %
Return on Invested Capital xxxxxxxxxxxxxxx51.46 %
Return on Assets xxxxxxxxxxxxxxx38.65 %
Return on Equity xxxxxxxxxxxxxxx51.82 %
Return on Total Capital xxxxxxxxxxxxxxx70.24 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx69.3 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 xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx2 M
Total Debt xxxxxxxxxxxxxxx2 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx209 M
Price To Book Value xxxxxxxxxxxxxxx115.89

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx7.4 M
Capex % of Sales xxxxxxxxxxxxxxx3.46 %
Cost of Goods Sold xxxxxxxxxxxxxxx44 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx11 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx7 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

0.6

No. Of Recommendations

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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Morgan Stanley

02/09/2025

1

Overweight

$350.00

31.24%

Pro Medicus received an Authority to Operate (ATO) from the U.S. Department of Veterans Affairs for its Visage platform. An ATO certifies that a solution meets federal security standards and is authorised to operate in US government environments.

Morgan Stanley notes the ATO is the final milestone enabling the transition of existing contracts from on-premise to cloud, and presents a significant opportunity to grow market share to over 15% from 10%.

Overweight. Target unchanged at $350. Industry View: Attractive.

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 78.80 cents and EPS of 154.90 cents.
Morgan Stanley forecasts a full year FY27 dividend of 103.90 cents and EPS of 204.30 cents.

Ord Minnett

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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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

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Moelis

16/09/2025

3

Hold

$325.82

22.17%

Pro Medicus plans to launch a Visage pathology solution by end-2025, with Moelis highlighting the move as a step towards enterprise imaging.

Only a fraction of pathology is digital today, explains the broker, and while test volumes are large, it's expected the market opportunity will remain smaller than radiology.

Pathology revenues are not included in the analyst's forecasts, with FY26 estimates trimmed for slower ramp-up of large contracts and a cautious view on new wins.

The broker sees pathology as incremental growth, while Pro Medicus continues to trade on a valuation premium supported by strong management, strategy, and passive inflows. Moelis retains a Hold rating and $325.82 target.

FORECAST
Moelis forecasts a full year FY26 dividend of 77.00 cents and EPS of 151.70 cents.
Moelis forecasts a full year FY27 dividend of 94.00 cents and EPS of 193.00 cents.
Access Extra Coverage Research History >

PME STOCK CHART

FNArena News on PME

1
Outlook Intact Post Tech1’s FY25 Punishment

Nov 24 2025 - Australia
2
Weekly Ratings, Targets, Forecast Changes – 21-11-25

Nov 24 2025 - Weekly Reports
3
In Brief: Acrow, James Hardie & Pro Medicus

Nov 21 2025 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Nov 20, 2025

Nov 20 2025 - Daily Market Reports
5
Rudi’s View: Buffett’s Parting Message

Nov 19 2025 - Rudi's View

Latest Medical Equipment & Devices News

1
4DMedical Poised For A Recovery

Nov 25 2025 - Technicals
2
Treasure Chest: Pro Medicus

Nov 12 2025 - Treasure Chest
3
Tariff Uncertainty Negates ResMed’s Q1 Positives

Nov 05 2025 - Australia
4
Acquisition Loads Up Catapult

Oct 20 2025 - Small Caps
5
Cochlear’s Future In Nexa’s Hands

Aug 19 2025 - Australia
6
ResMed’s New Level Of Support

Jul 29 2025 - Technicals
7
Strength To ‘AI’ Strength For Pro Medicus

Jul 10 2025 - Australia
8
Cochlear Downgrades Ahead Of New Launches

Jun 19 2025 - Australia
9
Fisher & Paykel Healthcare’s Tariffs Annoyance

Jun 04 2025 - Australia
10
ResMed’s Margin Expansion & Tariff Exemption

Apr 28 2025 - Australia