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MPL

Medibank PrivateASX:MPL Stock Report

Last Price

AU$3.49

Market Cap

AU$9.6b

7D

-1.7%

1Y

19.1%

Updated

17 Jan, 2022

Data

Company Financials +
MPL fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance4/6
Financial Health6/6
Dividends3/6

MPL Stock Overview

Medibank Private Limited, an integrated healthcare company, provides private health insurance and health solutions in Australia.

Medibank Private Competitors

nib holdings

ASX:NHF

AU$3.1b

National Australia Bank

ASX:NAB

AU$95.8b

Australia and New Zealand Banking Group

ASX:ANZ

AU$80.8b

Westpac Banking

ASX:WBC

AU$78.7b

Price History & Performance

Summary of all time highs, changes and price drops for Medibank Private
Historical stock prices
Current Share PriceAU$3.49
52 Week HighAU$3.74
52 Week LowAU$2.70
Beta0.27
1 Month Change3.25%
3 Month Change1.75%
1 Year Change19.11%
3 Year Change32.70%
5 Year Change29.74%
Change since IPO63.08%

Recent News & Updates

Aug 30
Medibank Private's (ASX:MPL) Dividend Will Be Increased To AU$0.069

Medibank Private's (ASX:MPL) Dividend Will Be Increased To AU$0.069

Medibank Private Limited's ( ASX:MPL ) dividend will be increasing to AU$0.069 on 30th of September. The announced...

Shareholder Returns

MPLAU InsuranceAU Market
7D-1.7%-1.6%-0.5%
1Y19.1%17.6%10.4%

Return vs Industry: MPL exceeded the Australian Insurance industry which returned 17.6% over the past year.

Return vs Market: MPL exceeded the Australian Market which returned 10.4% over the past year.

Price Volatility

Is MPL's price volatile compared to industry and market?
MPL volatility
MPL Average Weekly Movement3.3%
Insurance Industry Average Movement3.3%
Market Average Movement8.4%
10% most volatile stocks in AU Market15.2%
10% least volatile stocks in AU Market3.6%

Stable Share Price: MPL is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: MPL's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19763,409David Koczkarhttps://www.medibank.com.au

Medibank Private Limited, an integrated healthcare company, provides private health insurance and health solutions in Australia. The company operates through two segments, Health Insurance and Medibank Health. The Health Insurance segment provides private health insurance products, including hospital cover that offers members with health cover for hospital treatments; and ancillary cover, which provides members with health cover for healthcare services, such as dental, optical, and physiotherapy.

Medibank Private Fundamentals Summary

How do Medibank Private's earnings and revenue compare to its market cap?
MPL fundamental statistics
Market CapAU$9.61b
Earnings (TTM)AU$441.20m
Revenue (TTM)AU$7.03b

21.8x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MPL income statement (TTM)
RevenueAU$7.03b
Cost of RevenueAU$5.56b
Gross ProfitAU$1.47b
ExpensesAU$1.03b
EarningsAU$441.20m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Feb 24, 2022

Earnings per share (EPS)0.16
Gross Margin20.96%
Net Profit Margin6.27%
Debt/Equity Ratio0%

How did MPL perform over the long term?

See historical performance and comparison

Dividends

3.6%

Current Dividend Yield

79%

Payout Ratio

Valuation

Is Medibank Private undervalued compared to its fair value and its price relative to the market?

17.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MPL (A$3.49) is trading below our estimate of fair value (A$4.22)

Significantly Below Fair Value: MPL is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: MPL is good value based on its PE Ratio (21.8x) compared to the Australian Insurance industry average (30.7x).

PE vs Market: MPL is poor value based on its PE Ratio (21.8x) compared to the Australian market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: MPL is poor value based on its PEG Ratio (5.4x)


Price to Book Ratio

PB vs Industry: MPL is overvalued based on its PB Ratio (5x) compared to the AU Insurance industry average (4.1x).


Future Growth

How is Medibank Private forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

4.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MPL's forecast earnings growth (4% per year) is above the savings rate (1.9%).

Earnings vs Market: MPL's earnings (4% per year) are forecast to grow slower than the Australian market (11.3% per year).

High Growth Earnings: MPL's earnings are forecast to grow, but not significantly.

Revenue vs Market: MPL's revenue (4.1% per year) is forecast to grow slower than the Australian market (4.9% per year).

High Growth Revenue: MPL's revenue (4.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MPL's Return on Equity is forecast to be high in 3 years time (22.9%)


Past Performance

How has Medibank Private performed over the past 5 years?

-3.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MPL has high quality earnings.

Growing Profit Margin: MPL's current net profit margins (6.3%) are higher than last year (4.7%).


Past Earnings Growth Analysis

Earnings Trend: MPL's earnings have declined by 3.2% per year over the past 5 years.

Accelerating Growth: MPL's earnings growth over the past year (39.8%) exceeds its 5-year average (-3.2% per year).

Earnings vs Industry: MPL earnings growth over the past year (39.8%) underperformed the Insurance industry 57.5%.


Return on Equity

High ROE: MPL's Return on Equity (23.1%) is considered high.


Financial Health

How is Medibank Private's financial position?


Financial Position Analysis

Short Term Liabilities: MPL's short term assets (A$3.2B) exceed its short term liabilities (A$1.9B).

Long Term Liabilities: MPL's short term assets (A$3.2B) exceed its long term liabilities (A$162.4M).


Debt to Equity History and Analysis

Debt Level: MPL is debt free.

Reducing Debt: MPL has not had any debt for past 5 years.

Debt Coverage: MPL has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: MPL has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Medibank Private current dividend yield, its reliability and sustainability?

3.64%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MPL's dividend (3.64%) is higher than the bottom 25% of dividend payers in the Australian market (2.18%).

High Dividend: MPL's dividend (3.64%) is low compared to the top 25% of dividend payers in the Australian market (5.39%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, MPL has been paying a dividend for less than 10 years.

Growing Dividend: MPL's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (79.3%), MPL's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MPL's dividends in 3 years are forecast to be covered by earnings (83.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average management tenure


CEO

David Koczkar (48 yo)

0.67

Tenure

AU$2,121,511

Compensation

Mr. David Koczkar, BCom, PG Dip Finance, MAICD, serves as Managing Director, Director and Chief Executive Officer at Medibank Private Limited since May 17, 2021 and served as Group Executive and Chief Cust...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD1.53M) is below average for companies of similar size in the Australian market ($USD2.36M).

Compensation vs Earnings: David's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: MPL's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: MPL's board of directors are considered experienced (6.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Medibank Private Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Medibank Private Limited
  • Ticker: MPL
  • Exchange: ASX
  • Founded: 1976
  • Industry: Life and Health Insurance
  • Sector: Insurance
  • Implied Market Cap: AU$9.614b
  • Shares outstanding: 2.75b
  • Website: https://www.medibank.com.au

Number of Employees


Location

  • Medibank Private Limited
  • 720 Bourke Street
  • Docklands
  • Victoria
  • 3008
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 16:18
End of Day Share Price2022/01/17 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.