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#Business Model/Strategy
Added 2 years ago

Health care operator, Healius share price has risen 45% over the past year, obviously following a 2020, with this rise putting it well above any price in the last 5 years. The fact they are doing share buybacks at this price made me look.

The 3B market cap pathology, diagnostic imaging and day hospitals operator has a PE in the mid 40’s. They used to own medical centres, the sale of which has cleaned up the balance sheet.

It is a profitable business with the latest report showing strong increase in profit. The company has been one of the beneficiaries of COVID testing.

Compared to Sonic or Capitol I think this one, even with the increase in share price is still worth looking at especially as the divestment outlined above has moved them into higher margin segment of heath care.

They are also a reliable payer of a fully franked dividend for those that rely on that stream of funds.


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Valuation of $3.08
Added 5 years ago
Primary has guided for EPS (at the midpoint) of about 18.1c and the dividend at about 10.9c. Given the difficulty associated with turning around the medical center business, and some of the regulatory risks of the broader business, I'd only pay a PE of 17, at best
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