RMD 1.05% $37.39 resmed inc

Citi Resmed Valuation We derive our 12-month price target for...

  1. 367 Posts.
    Citi Resmed Valuation
    We derive our 12-month price target for the ASX-listed CDIs of $5.26 by using a PE
    of ~15x and applying it our forecast 12-month forward USD EPS at this time,
    adjusting for the 10:1 conversion ratio, and applying the Citi forecast AUDUSD rate
    at this time, i.e. ~0.99. The PE we apply is a ~25% premium to the average PE of
    our healthcare coverage universe which we think is appropriate given RMD's higher
    growth profile than the average and superior balance sheet, offset by significant FXrelated volatility. This premium is a 10% discount to its historical premium to the
    sector average to reflect the current increased FX volatility/uncertainty.
 
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Last
$37.39
Change
0.390(1.05%)
Mkt cap ! $22.38B
Open High Low Value Volume
$37.30 $37.39 $37.07 $9.449M 253.3K

Buyers (Bids)

No. Vol. Price($)
1 44 $37.32
 

Sellers (Offers)

Price($) Vol. No.
$37.39 2573 2
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Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
RMD (ASX) Chart
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