FPH - Fisher Paykel Healthcare.

[Biscuit]

Probably appropriate for this thread: stop thinking like a trader and start thinking like a dead man.

https://www.mauldineconomics.com/the-10th-man/all-summer-in-a-day#

[Jim]

https://www.nzherald.co.nz/business/...ectid=12346496

[Panda-NZ-]

zoming away again. not directly invested anymore but have some as part of the smartshares TNZ fund.

Their strong market position in the new epicentre could pay off. good to see this exporter doing well

[Paradox]

Shareprice $40 beckons .... then we can look forward to $50

Companies generating such high levels of excess profit over its cost of capital deserve prices like this

Paradox should do he reidual income modelling on FPH instead of tinkering around with OCA

Now that’s a thought...

[kiora]

Yep the imagination sees what the eye can't see.
So this financial year what do we know & surmise?
That C 19 looks like its likely here to stay for this financial year
That they are keeping their customers happy by maintaining prices & not gouging
No effective control of Covid 19 by vaccine or cost effective treatment available this financial year?
Last year "Net profit after tax was $287.3 million, up 37% over the previous year, or 30% in constant
currency. Excluding the impact from tax changes, being the R&D tax credit and building tax
depreciation, net profit after tax grew 23% in constant currency."
I'll take a stab in the dark at 2021 to be around 25% up on 2020,$360 m net profit after tax
Ok PE still high at around 54

OK I may have undershot
Craigs now saying NET Income 2021 $435m,PE 45,12 month price target $38.26
I won't be complaining.

[Blue Skies]

Interesting, Auckland Airport saying Respiratory Equipment the highest export growth commodity up 348% in June over the previous year.
When you consider Covid really only impacted that growth since February or March, it’s pretty incredible.
How many companies are seeing this kind of growth at the moment & for the foreseeable future.

[Ggcc]

https://www.nzx.com/announcements/358152

Looks like very positive things happening here. Just look at that share price

[Zaphod]

Interesting, Auckland Airport saying Respiratory Equipment the highest export growth commodity up 348% in June over the previous year.
When you consider Covid really only impacted that growth since February or March, it’s pretty incredible.
How many companies are seeing this kind of growth at the moment & for the foreseeable future.

Will the recent sales of equipment saturate the market and consequently lower growth rates over the longer term though? Not sure...

[Getty]

Kiora.s pre ann. NPAT guess was very good, Craig's maybe slightly optimistic, but I dont foresee any reduction in sales, health authorities around the world will be under pressure to tool up with FPH style products.

Dr JPG.

Free Diagnosis.
If you're feeling the PINCH, there's nothing wrong with your NERVOUS SYSTEM.

[Blue Skies]

Will the recent sales of equipment saturate the market and consequently lower growth rates over the longer term though? Not sure...

We're approaching 5.5 million cases in the US alone. With 268,000 new Covid cases around the world just yesterday, with over 42,000 in the US, I think we can say with absolute assurance, FPH have no where near saturated the market.

A percentage of these cases will sustain long term damage to their lungs needing long term respiratory assistance both in hospital & at home from the sorts of products FPH provide.

Demand is only going to accelerate.

The Northern hemisphere is heading into winter and the flu season so doubly worried.