Ryman Healthcare Ltd

RYM: XNZE (NZL)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	NZD 9.70	Wqynqxs	Kvmwvvjfv

Ryman Healthcare’s Short-Term Earnings Not Immune to COVID-19, but Our NZD 13.00 FVE Is Retained

Mathew Hodge

Apr 2, 2020

We expect narrow-moat Ryman Healthcare to face short-term margin compression and lower unit sale volumes amid the unfolding COVID-19 pandemic, however, we anticipate conditions to improve from fiscal 2022. This weakness is likely short term and immaterial to our long-term forecasts. In turn, we reiterate our fair value estimate of NZD 13.00 per share.

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