Ramsay Health Care Ltd

RHC: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$65.00	Zcdyvn	Vxlljyrfx

Our Fiscal 2020 EPS Forecasts Slightly Ahead of Ramsay Guidance, Maintain AUD 67 FVE

Nov 14, 2019

At its AGM, narrow-moat Ramsay reiterated its core EPS guidance of 2% to 4% growth in fiscal 2020. Our fiscal 2020 EPS growth forecast of 5.9% is ahead of this range and is based on the most recent foreign exchange rates and industry data in both Australia and the U.K. Despite minor near-term revenue and cost adjustments, we make no change to our AUD 67 fair value estimate.

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