RYM - Ryman Healthcare

[Master98]

Solid HY results beats analysts:

https://nzx.com/companies/RYM/announcements/273767

[winner69]

Another boomer result for Ryman coming up this week. Plenty in way of revaluations still coming through

I reckon they on track for 1/4 billion real profit in FY16. Book value will rise in lie with this.

First half $130m - so 1/4 billion for full year an the light side methinks

Book value has increased to $1.2 billion as at H1 so share price currently at 3.1 times or 2.8 times f16 forecast.

So becoming more 'realistically' priced but markets just love stars so anything can happen

[LAC]

Great news....even better when it makes the Herald

http://www.nzherald.co.nz/business/n...ectid=11548410

[percy]

Great news....even better when it makes the Herald

http://www.nzherald.co.nz/business/n...ectid=11548410

Another cracker.!

[LAC]

Q&A's "we expected to have 50% sold at 250k, we instead have 80% at an average of 400k"

[Beagle]

Back in yesterday at $7.60. Sold out 2 years ago at $7.85.
This should be interesting. Target exit price is $10 within the next 2 years.

This. Market darling priced for absolute perfection and is performing to absolute perfection so that's good but we could easily see another year when the SP simply tracks sideways...then effectively through EPS growth the SP becomes reasonable value again, (In my opinion) and I effectively get my $6.50 I've been waiting quite some time for. Divvy yield is now about 2%.

[Nasi Goreng]

First half $130m - so 1/4 billion for full year an the light side methinks

Book value has increased to $1.2 billion as at H1 so share price currently at 3.1 times or 2.8 times f16 forecast.

So becoming more 'realistically' priced but markets just love stars so anything can happen

Are we not supposed to value retirement villages by underlying profit? It is all well and good to look at NPAT but I base my valuations on underlying profit which is $70.3m. Looking at underlying earnings at $70.3m, assume $140m for year, this gives forward PE of around 27. Not too bad for a company growing at 15-20%. Compare that with FPH and RYM looks cheap.

I haven't had chance to review todays communications in full so don't know if they have provided forecast for 2nd half or further out.

[winner69]

Are we not supposed to value retirement villages by underlying profit? It is all well and good to look at NPAT but I base my valuations on underlying profit which is $70.3m. Looking at underlying earnings at $70.3m, assume $140m for year, this gives forward PE of around 27. Not too bad for a company growing at 15-20%. Compare that with FPH and RYM looks cheap.

I haven't had chance to review todays communications in full so don't know if they have provided forecast for 2nd half or further out.

Nasi, I see underlying earnings as a measure of operational day day performance. it is also the base used to determine dividend payments

Some use it to value RYM but a lot of investment managers use the full NPAT and Book Values. Those represent the full value of what the company is worth.

On this basis a PE of 13/14 and 3 times book value. Cheap?

[Master98]

Are we not supposed to value retirement villages by underlying profit? It is all well and good to look at NPAT but I base my valuations on underlying profit which is $70.3m. Looking at underlying earnings at $70.3m, assume $140m for year, this gives forward PE of around 27. Not too bad for a company growing at 15-20%. Compare that with FPH and RYM looks cheap.

I haven't had chance to review todays communications in full so don't know if they have provided forecast for 2nd half or further out.

RYM confirmed FY16 underlying profit growth 15%,so this full year underlying profit will be 136.3x1.15=156.7m.

[gv1]

Pls let me know if I am doing something not right. I used the valuation formula:
V=EPS*(7.5*2g) with g only as 10%
=1331
Is this correct.