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PRO MEDICUS LIMITED (PME)

PRO MEDICUS LIMITED (PME)

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General Information
Company Name: Pro Medicus Limited
Stock Code: PME
Website: www.promedicus.com.au
GICS Sub-Industry: Health Care Distributors
Market Cap ($M): 29
Equiv. Shares (M): 100

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.285 $ 0.000 $ 0.000 $ 0.000 $ 0.285 0 0%

Current Broker Consensus Recommendation more
Recommendation: Hold
Recommendation Date: 2nd Sep 2009
12 Month Target Price (average): $0.85
Brokers Surveyed: 1

Company Overview

Business Description:
Pro Medicus Limited (PME) is a provider of IT solutions and services including training and installation, hardware configuration and ongoing technical and end user support to the private healthcare industry.

Strategy Analysis:
The company's core business consists of a range of integrated software applications and services that are designed to aid the management of medical practices. The company successfully expanded overseas and it now has 20 sites in the UK. PME also entered the North American market with a large digital imaging contract with AltaPACS in Canada. The company has recently entered in to a new agreement with Agfa which will see it using the Agfa sales force as a conduit, whilst selling its products directly to end users under its own brand name, rather than solely under the Agfa label. The company will also plan to expand its offering into new markets - like orthopaedics and cardiology - where its technology is applicable.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2011  A 0.5 0.5 -87.2 86.2 0.0 0.0 --
2010  A 3.9 3.9 -31.6 18.3 2.0 2.8 100.0
2009  A 5.7 5.7 -27.8 15.6 3.5 4.0 100.0
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F 2009 A 2010 F 2011 F
Pro Medicus (PME) $29 M -0.8721 -- -- 57.0000 -- -- 0.0000 -- --
Primary Health Care (PRY) $1,410 M -0.2444 0.1390 0.1011 13.4257 11.7869 10.7048 0.0285 0.0438 0.0532
Sonic Healthcare (SHL) $4,937 M 0.0066 0.0730 0.1444 16.7682 15.6277 13.6555 0.0466 0.0488 0.0511
Sigma Pharma. (SIP) $752 M -- 0.1095 0.0768 15.4501 13.9254 12.9328 0.0787 0.0583 0.0569

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
PME 1.39 57.0 1.88 -- 2.05
Market 1.12 11.1 0.96 2.31 2.55
Sector 0.66 16.4 1.58 1.36 1.90

Directors
Name Position Start Date
Dr Sam Aaron Hupert Executive Deputy Chairman,Executive Director 01 January 1983
Mr Anthony Barry Hall Executive Director,Technology Director 01 January 1983
Mr Roderick L.J Lyle Non-Executive Director 23 November 2010
Mr Peter Terence Kempen Non-Executive Director 12 March 2008

Management
Name Position
Clayton Hatch Company Secretary
Danny Tauber General Manager ? Pro Medicus Limited
Malte Westerhoff Managing Director ? Visage Imaging GmbH

Substantial Shareholders
Holding Name
30,072,660 (29.99%) Sam Aaron Hupert
11,048,261 (11.02%) Perpetual Limited RBC Dexia Investor Services Australia Nominees P/L
30,068,500 (29.98%) Hall, Anthony Barry

Calendar of Events
Date Event
22 February 2013 Report (Interim)
22 October 2012 Report (Annual)
24 August 2012 Report (Prelim)
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