Pro Medicus Ltd
PME: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$49.00 | Vdkptg | Pxtntmfq |
Pro Medicus: New Contract Tracking Our Unchanged Expectations
We raise our fair value estimate for narrow-moat Pro Medicus by 3% to AUD 34.50. Roughly two-thirds of our upgrade was due to the stronger U.S. dollar relative to the Australian dollar and the remainder is due to the time value of money.