Pro Medicus Ltd

PME: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$93.80	Hhwjdh	Rkffxsgm

Pro Medicus: New Contract Tracking Our Unchanged Expectations

Shane Ponraj

Oct 23, 2023

We raise our fair value estimate for narrow-moat Pro Medicus by 3% to AUD 34.50. Roughly two-thirds of our upgrade was due to the stronger U.S. dollar relative to the Australian dollar and the remainder is due to the time value of money.

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