bullish

EBOS Group (EBO NZ): Raising Capital to Fund Acquisition; Attractive Bet on Australasian Healthcare

Tina has highlighted this Insight as a Top Pick
284 Views16 Dec 2021 17:14
SUMMARY
  • Ebos Group aims to raise A$ 100 million through a retail offer to partly fund the acquisition of LifeHealthcare. The acquisition creates an exciting platform to drive future growth.
  • Defensive product mix enabled EBOS to successfully navigate pandemic driven uncertainty and post record high ROCE of 18% in FY21. Balance Sheet remains healthy, with net debt/EBITDA of 0.85x.
  • FY22 starts on a strong note, with revenue and NPAT growing at over 10% and 14%, y/y, respectively. Dividend is expected at 60–80% of NPAT in FY22.
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Tina Banerjee
Global Healthcare Analyst
Health CareEquity Bottom-UpThematic (Sector/Industry)
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