Obermatt

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Earnings warning

Pro Medicus

ASX:PME · AU000000PME8
Health Care TechnologyMedium

360

67
EV / EBIT1
Price / Owner Earnings17
Owner Earnings Yield27
Dividend Yield47
Price/Sales1
EV / Gross Profit2
Price/Book1
Return on Capital98
Cash Return on Capital100
Return on Equity98
EBIT Margin100
Gross Profitability81
Cash Conversion6
Accruals3
Owner Earnings Margin100
Sales growth81
Profit Growth53
Long-Term EPS Growth10
Owner Earnings Growth96
Reinvestment63
Price momentum1
Debt load93
Refinancing20
Debt Payback100
Liquidity15
Analyst ratings67
Opinion Changes88
Price Target Upside34
Market mood100
Value Creation18/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Pro Medicus generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryAustralia
IndustryHealth Care Technology
SizeMedium
TypePublic Company
ExchangeASX
Founded1983
Employees44
ISINAU000000PME8
Last UpdateApr 2, 2026
Themes
Computer VisionImage RecognitionHealth DiagnosticsArtificial IntelligenceInformation Technology

Description

Pro Medicus Limited (Pro Medicus) is a healthcare informatics company that engages in the development and supply of healthcare imaging software, and radiology information (RIS) system software and services to hospitals, imaging centres, and health ca…

Analysis

Hope premium

Pro Medicus Limited carries what we call a hope premium: an average business trading at an ambitious price. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is expensive. You pay 76.4× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone.

The trajectory is moderate and the balance sheet is sturdy. The company scores 18/20 on our value-creation score: strong value creator.

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
50
2023202420252026

All-time high

78

Jan 2024

All-time low

50

Mar 2026

Average rank

54

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
1
1
1
2
Price/Earnings
1
3
10
14
Price/Book
1
1
1
3
Dividend Yield
47
55
48
64
Value (overall)
4
12
3
17

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →