PRO MEDICUS LIMITED (PME)
Share Price Analysis and Chart

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PME - PRO MEDICUS LIMITED

FNArena Sector : Medical Equipment & Devices
Year End: June
GICS Industry Group : Health Care Equipment & Services
Debt/EBITDA: 0.02
Index: 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

$130.97

19 Jul
2024

-0.400

OPEN

$129.50

-0.30%

HIGH

$132.00

263,126

LOW

$128.82

TARGET
$108.50 -17.2% downside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
PME: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 58.1 76.2 xxx
DPS (cps) xxx 30.0 39.0 xxx
EPS Growth xxx 36.4% 31.1% xxx
DPS Growth xxx 36.4% 30.0% xxx
PE Ratio xxx N/A 171.9 xxx
Dividend Yield xxx N/A 0.3% xxx
Div Pay Ratio(%) xxx 51.6% 51.2% xxx

Dividend yield today if purchased 3 years ago: 0.52%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.23

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: 29/02 - ex-div 18c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx58.1
DPS All xxxxxxxxxxxxxxx30.0
Sales/Revenue xxxxxxxxxxxxxxx124.9 M
Book Value Per Share xxxxxxxxxxxxxxx132.9
Net Operating Cash Flow xxxxxxxxxxxxxxx64.8 M
Net Profit Margin xxxxxxxxxxxxxxx48.56 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx50.43 %
Return on Invested Capital xxxxxxxxxxxxxxx49.84 %
Return on Assets xxxxxxxxxxxxxxx33.77 %
Return on Equity xxxxxxxxxxxxxxx50.43 %
Return on Total Capital xxxxxxxxxxxxxxx68.57 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx38.4 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx1 M
Total Debt xxxxxxxxxxxxxxx2 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx121 M
Price To Book Value xxxxxxxxxxxxxxx49.40

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx6.4 M
Capex % of Sales xxxxxxxxxxxxxxx5.16 %
Cost of Goods Sold xxxxxxxxxxxxxxx33 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx8 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 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

-0.2

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Bell Potter

31/05/2024

3

Upgrade to Hold from Sell

$115.00

-12.19%

While  Bell Potter continues to struggle with the valuation ascribed to Pro Medicus, the analyst acknowledges the recent announcement of five new clients, adding $45m in revenue over eight years, enhances the company's revenue visibility for FY25.

Full revenue realisation from these contracts is anticipated in the 2H25, with the broker noting consensus FY25 revenue estimates are in a tight range around $200m, representing 25% growth on FY24.

The target price is raised to $115 from $75 and rating upgraded to Hold from Sell.

FORECAST
Bell Potter forecasts a full year FY24 dividend of 40.00 cents and EPS of 75.30 cents.
Bell Potter forecasts a full year FY25 dividend of 49.00 cents and EPS of 98.40 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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EXPERT VIEWS
Display All Commentary

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Goldman Sachs

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Moelis

20/02/2024

3

Hold

$99.57

-23.97%

First half results for Pro Medicus met forecasts by Moelis, but were at the lower end of the consensus range.

Despite a significant step-up in costs, the analyst points out the earnings (EBIT) margin continued to expand to 66% from 65.4% in the previous corresponding period.

The broker's FY24-25 EPS estimates remain broadly unchanged, while the FY26 estimate increases by 7% to capture pricing uplift across the seven contract renewals expected over the course of FY25/26.

Moelis believes its new forecasts are already captured in the current share price, and the $99.57 target and Hold rating are unchanged.

A fully franked interim dividend of 18cps was declared, in line with the broker's forecast.

FORECAST
Moelis forecasts a full year FY24 dividend of 38.00 cents and EPS of 75.70 cents.
Moelis forecasts a full year FY25 dividend of 44.00 cents and EPS of 91.30 cents.

Wilsons

xx/xx/xxxx

3

xxxxxx xxxxxx

$xx.xx

xx.xx%

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PME STOCK CHART