IMO VRT Share Price has bottomed out. There is significant room for growth over the next couple of years.
Some key highlights from the Annual Report and Financial Statements:
- Market leader in IVF industry with economies of scale and international presence/diversification
- Virtus Health Diagnostics 37% revenue growth PCP
- Genetic screening 33% revenue growth PCP
- Significant increase in OCF from $22m FY16 to $27M FY17 (22.7% growth - cash is king)
- International diversification and revenue streams in Ireland, Denmark and Singapore increasing significantly (Ireland soon to be EBITDA accretive, Singapore EBITDA accretive in second half FY17)
- VRT management have addressed under-performing VIC market and restructured management to improve performance
- Consistent dividend policy signalling positive expectations of future revenue growth
- 4.6% dividend yield
- P/E 14.0X