Sonic Healthcare Ltd

SHL: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$91.00	Wmnjtk	Hkffcts

Sonic Healthcare: Downgrade to Near-Term Earnings but Long-Term Intact

Shane Ponraj

May 21, 2024

Narrow-moat Sonic’s top line continues to grow at a steady clip, with organic revenue up 6% so far in the second half of fiscal 2024, following 6% growth in the first half. Our fiscal 2024 revenue forecast of AUD 8.9 billion is broadly unchanged and in line with company guidance.

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