RESMED INC (RMD)
Share Price Analysis and Chart

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RMD - RESMED INC

FNArena Sector : Medical Equipment & Devices
Year End: June
GICS Industry Group : Health Care Equipment & Services
Debt/EBITDA: 1.18
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

ResMed is the global market leader in providing devices for the treatment of sleep apnoea and chronic pulmonary disease. Formed in Australia in 1989 the company listed on the ASX in 1999 and is also listed on the NYSE. ResMed's head office is in San Diego, California.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$28.88

18 Mar
2024

-0.270

OPEN

$29.01

-0.93%

HIGH

$29.07

1,114,975

LOW

$28.67

TARGET
$34.214 18.5% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
4DX . AT1 . BRN . CAT . CBL . CGS . CMP . COH . CSX . CU6 . CYC . EBR . EMV . EYE . FPH . IDX . IME . IMR . IPD . LDX . MX1 . NAN . ONE . PCK . PEB . PGC . PME . SOM . TRJ . UBI . VHT . VTI .
FNARENA'S MARKET CONSENSUS FORECASTS
RMD: 1
Title FY24
Forecast
FY25
Forecast
EPS (cps) 115.5 xxx
DPS (cps) 29.9 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 25.3 xxx
Dividend Yield 1.0% xxx
Div Pay Ratio(%) 25.9% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 1.14%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.95

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 07/02 - ex-div 5.11c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx90.9
DPS All xxxxxxxxxxxxxxx21.9
Sales/Revenue xxxxxxxxxxxxxxx6,278.2 M
Book Value Per Share xxxxxxxxxxxxxxx421.9
Net Operating Cash Flow xxxxxxxxxxxxxxx1,030.7 M
Net Profit Margin xxxxxxxxxxxxxxx21.25 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx24.06 %
Return on Invested Capital xxxxxxxxxxxxxxx18.15 %
Return on Assets xxxxxxxxxxxxxxx15.20 %
Return on Equity xxxxxxxxxxxxxxx24.06 %
Return on Total Capital xxxxxxxxxxxxxxx23.14 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx468.8 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx48 M
Long Term Debt xxxxxxxxxxxxxxx2,326 M
Total Debt xxxxxxxxxxxxxxx2,373 M
Goodwill - Gross xxxxxxxxxxxxxxx4,162 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx342 M
Price To Book Value xxxxxxxxxxxxxxx7.78

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx199.2 M
Capex % of Sales xxxxxxxxxxxxxxx3.17 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,839 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,727 M
Research & Development xxxxxxxxxxxxxxx428 M
Investments - Total xxxxxxxxxxxxxxx221 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.8

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

3

xxxxxxx

-

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

29/01/2024

2

Accumulate

$39.00

35.04%

Following ResMed's 2Q results, Ord Minnett suggests shares remain materially undervalued. Underlying earnings (EBIT) grew by 15% on the 1Q, with sales growing by 5% and the underlying earnings margin increasing by 250bps to 31%.

The 2Q gross margin expanded by 90bps from the 1Q to reach 57% due to product price increases and reduced freight costs, explains the analyst.

Ord Minnett notes expenses are tracking below expectation and there were strong performances from the software-as-a-service business, as well as device sales outside the Americas.

A neglible impact is expected from weight loss drugs over the next five years, and the broker retains an Accumulate rating and $39 target.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 30.50 cents and EPS of 111.60 cents.
Ord Minnett forecasts a full year FY25 dividend of 35.50 cents and EPS of 126.50 cents.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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RMD STOCK CHART