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Ramsay Health Care Limited

RHC.AXHealthcareASX

Medical Care Facilities · Last scanned May 29, 2026

PriceMA150MA200
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Financials · Annual
Revenue
$17.67B
+6.7% YoY
Net Income
$24.0M
-97.3% YoY
EBITDA
$1.56B
-13.4% YoY
Free Cash Flow
$753.6M

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About Ramsay Health Care Limited

Headquartered within the healthcare sector, Ramsay Health Care Limited focuses on Medical Care Facilities services and products. Ramsay Health Care Limited owns and operates hospitals in Australia and internationally. With a market capitalization of $8.44B, it sits in mid-cap territory. It offers health care services to public and private patients.

Key stats
Market Cap$8.44B
P/E (TTM)29.02
Fwd P/E22.22
EPS$1.26
Beta0.59
52W Change-3.4%
Dividend Yield2.30%
ROE5.1%
Analysis

Ramsay Health Care Limited carries $11.87B in total debt against $469.9M in cash reserves — debt is roughly 25.3x the cash position. Managing this leverage effectively will be important for long-term financial stability. Free cash flow comes in at $753.6M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at 5.1%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 3.1% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $13.08B (2022) to $17.67B (2025), reflecting a 35% increase over the period.

The relatively low beta of 0.59 suggests RHC.AX is a less volatile holding compared to the broader index. Ramsay Health Care Limited carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Ramsay Health Care Limited's trajectory.

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