Medibank Private Limited (MPL) - Research

$3.400

MPL General Information +

ASX Code MPL
Website http://www.medibank.com.au
GICS Sub-Industry Life & Health Insurance
Market Cap ($M) 9,363
Current Price $3.400
Day High $3.440
Day Low $3.370
Last Close $3.400
Price Movement - ( No change )
Prices as at 16:40, 18 Jun 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

Recommendation


Medibank Private Limited (MPL)
BUY
below
HOLD
up to
SELL
above
Current Price
$3.400 as at 16:40, 18 Jun 2019

Price at review
$3.400 on 11 Sep 18

Max Portfolio Weighting

Business Risk

Share Price Risk

MPL Related Research

MPL Company Overview

Business Description

Medibank Private Limited (MPL) core business is the underwriting and distribution of PHI policies through its two brands, Medibank and AHM. It offers Hospital Cover and Extras Cover to customers in Australia as well as health insurance to overseas visitors and students. It also participates in the broader healthcare industry through the provision of integrated healthcare services to Policyholders, government, corporate and other customers.

MPL Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2020 F 455.45 16.54 5.80% 20.56 13.00 3.82% 100.0%
2019 F 430.52 15.63 -3.30% 21.75 13.00 3.82% 100.0%
2018 A 445.10 16.16 -1.00% 18.68 12.70 4.21% 100.0%

MPL Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2018 A 2019 F 2020 F 2018 A 2019 F 2020 F 2018 A 2019 F 2020 F
Medibank Private (MPL) $9,364M -0.0098 -0.0062 0.0093 21.0396 21.1706 20.9747 3.74% 3.84% 3.75%
NIB Holdings (NHF) $3,398M 0.1875 0.0235 0.0658 24.0413 23.4887 22.0384 2.68% 2.71% 2.89%

MPL Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.74 21.20 5.12 0.00
Market 0.63 14.80 1.17 0.97
Sector 1.07 21.00 2.62 1.51

MPL Directors

Name Position Start Date
Mr Craig Drummond Chief Executive Officer, Managing Director 4 Jul 2016
Mr Michael (Mike) John Wilkins Non-Executive Director 25 May 2017
Mrs Linda Bardo Nicholls Non-Executive Director 31 Mar 2014
Ms Christine O'Reilly Non-Executive Director 31 Mar 2014
Mr Peter Hodgett Non-Executive Director 21 Jun 2013
Mr David Fagan Non-Executive Director 31 Mar 2014
Ms Anna Bligh Non-Executive Director 21 Dec 2014
Dr Tracey Batten Non-Executive Director 28 Aug 2017
Ms Elizabeth Anne Alexander Non-Executive Director, Non-Executive Chairman 23 Oct 2008

MPL Management

Name Position
David Koczkar Group Executive - Chief Customer Officer
Mark Rogers Group Executive - Chief Financial Officer
Andrew Wilson Group Executive - Healthcare & Strategy
Kylie Bishop Group Executive - People & Culture
John Goodall Group Executive - Technology & Operations
Mei Ramsay Group General Counsel,Company Secretary

MPL Substantial Shareholders

Holding Name
232,508,840 (8.44%) Perpetual Limited and subsidiaries
166,096,036 (6.03%) BlackRock Group

MPL Calendar of Events

Date Event
14 February 2020 Report (Interim)
16 September 2019 Report (Annual)
23 August 2019 Report (Prelim)

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