Financials ResMed, Inc.

Equities

RMD

US7611521078

Advanced Medical Equipment & Technology

Market Closed - Nyse 04:00:01 2024-04-26 pm EDT 5-day change 1st Jan Change
218.1 USD +18.89% Intraday chart for ResMed, Inc. +21.92% +26.76%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 17,498 27,776 35,903 30,691 32,133 32,030 - -
Enterprise Value (EV) 1 18,622 28,489 36,263 31,192 33,346 32,531 31,655 30,571
P/E ratio 43.6 x 45 x 76.1 x 39.6 x 35.9 x 31.3 x 27.1 x 24.5 x
Yield 1.23% 0.81% 0.63% 0.8% 0.82% 0.9% 0.98% 1.02%
Capitalization / Revenue 6.71 x 9.39 x 11.2 x 8.58 x 7.61 x 6.84 x 6.39 x 5.98 x
EV / Revenue 7.14 x 9.63 x 11.3 x 8.72 x 7.9 x 6.95 x 6.31 x 5.7 x
EV / EBITDA 23.5 x 29.5 x 33.8 x 26.8 x 25.3 x 20.8 x 18.4 x 16.3 x
EV / FCF 47.7 x 40.3 x 57.2 x 144 x 58.1 x 29.2 x 25.7 x 22.5 x
FCF Yield 2.1% 2.48% 1.75% 0.69% 1.72% 3.42% 3.89% 4.44%
Price to Book 8.43 x 11.1 x 12.4 x 9.35 x 7.76 x 6.56 x 5.49 x 4.57 x
Nbr of stocks (in thousands) 143,393 144,668 145,640 146,405 147,062 146,887 - -
Reference price 2 122.0 192.0 246.5 209.6 218.5 218.1 218.1 218.1
Announcement Date 7/25/19 8/5/20 8/5/21 8/11/22 8/3/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,607 2,957 3,197 3,578 4,223 4,681 5,016 5,361
EBITDA 1 792.1 966 1,074 1,162 1,317 1,567 1,725 1,872
EBIT 1 641.3 811.2 903.7 1,000 1,224 1,443 1,609 1,756
Operating Margin 24.6% 27.43% 28.27% 27.96% 28.99% 30.83% 32.08% 32.76%
Earnings before Tax (EBT) 1 518.8 733.1 883.7 960.5 1,102 1,271 1,463 1,604
Net income 1 404.6 621.7 474.5 779.4 897.6 1,026 1,202 1,334
Net margin 15.52% 21.02% 14.84% 21.78% 21.25% 21.91% 23.95% 24.88%
EPS 2 2.800 4.270 3.240 5.300 6.090 6.968 8.034 8.910
Free Cash Flow 1 390.3 706.9 634 216.3 573.6 1,114 1,230 1,358
FCF margin 14.98% 23.91% 19.83% 6.05% 13.58% 23.79% 24.52% 25.33%
FCF Conversion (EBITDA) 49.28% 73.18% 59.01% 18.62% 43.55% 71.08% 71.33% 72.53%
FCF Conversion (Net income) 96.48% 113.71% 133.61% 27.75% 63.91% 108.59% 102.36% 101.82%
Dividend per Share 2 1.500 1.560 1.560 1.680 1.800 1.955 2.129 2.225
Announcement Date 7/25/19 8/5/20 8/5/21 8/11/22 8/3/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3
Net sales 1 904 894.9 864.5 914.7 950.3 1,034 1,117 1,122 1,102 1,163 1,197 1,214 1,169 1,234 1,264
EBITDA 1 301 289.5 276.6 294.7 312.8 326.4 345 333 363.7 390.5 418.1 428.3 398 430.4 451.2
EBIT 1 261.9 248.7 234.3 255.4 290.8 305.5 321.2 307 318.8 365.5 393.6 395.2 376.6 404.3 415
Operating Margin 28.97% 27.79% 27.1% 27.92% 30.6% 29.55% 28.76% 27.36% 28.92% 31.43% 32.88% 32.56% 32.22% 32.76% 32.83%
Earnings before Tax (EBT) 1 258.8 237.3 226.3 238.1 261.8 273.7 289.4 276.8 272.2 259.5 375.4 358.8 353.8 374 383
Net income 1 203.6 201.8 179 195.1 210.5 224.9 232.5 229.7 219.4 208.8 300.5 296.1 280.2 301.1 309
Net margin 22.52% 22.55% 20.71% 21.32% 22.15% 21.76% 20.82% 20.47% 19.91% 17.96% 25.1% 24.39% 23.97% 24.39% 24.45%
EPS 2 1.390 1.370 1.220 1.330 1.430 1.530 1.580 1.560 1.490 1.420 2.040 2.023 1.875 2.025 2.095
Dividend per Share 2 0.4200 0.4200 0.4200 0.4200 0.4400 0.4400 0.4400 0.4800 0.4800 0.4800 0.4815 0.4947 0.5202 0.5202 0.5202
Announcement Date 10/28/21 1/27/22 4/28/22 8/11/22 10/27/22 1/26/23 4/27/23 8/3/23 10/26/23 1/24/24 4/25/24 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,124 713 360 502 1,213 501 - -
Net Cash position 1 - - - - - - 375 1,459
Leverage (Debt/EBITDA) 1.419 x 0.738 x 0.3352 x 0.4317 x 0.9211 x 0.3199 x - -
Free Cash Flow 1 390 707 634 216 574 1,114 1,230 1,358
ROE (net income / shareholders' equity) 25.5% 27.2% 29% 27.2% 25.4% 24.2% 24% 22.9%
ROA (Net income/ Total Assets) 14.7% 14.3% 16.8% 17.3% 16% 16.9% 17.7% 17.6%
Assets 1 2,756 4,348 2,831 4,500 5,598 6,083 6,775 7,569
Book Value Per Share 2 14.50 17.30 19.90 22.40 28.10 33.30 39.70 47.70
Cash Flow per Share 2 3.180 5.510 5.030 2.390 4.700 8.530 9.190 10.80
Capex 1 68.7 95.3 103 135 120 120 132 145
Capex / Sales 2.64% 3.22% 3.21% 3.77% 2.83% 2.57% 2.64% 2.7%
Announcement Date 7/25/19 8/5/20 8/5/21 8/11/22 8/3/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
218.1 USD
Average target price
212.4 USD
Spread / Average Target
-2.61%
Consensus
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  4. Financials ResMed, Inc.