Raffles Medical Group Past Earnings Performance

Past criteria checks 2/6

Raffles Medical Group has been growing earnings at an average annual rate of 12.9%, while the Healthcare industry saw earnings growing at 6.3% annually. Revenues have been growing at an average rate of 9.1% per year. Raffles Medical Group's return on equity is 6%, and it has net margins of 8.7%.

Key information

12.9%

Earnings growth rate

12.4%

EPS growth rate

Healthcare Industry Growth	8.5%
Revenue growth rate	9.1%
Return on equity	6.0%
Net Margin	8.7%
Last Earnings Update	30 Jun 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Raffles Medical Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OTCPK:RAFL.F Revenue, expenses and earnings (SGD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 24	703	61	163
31 Mar 24	706	76	153
31 Dec 23	708	90	142
30 Sep 23	747	117	184
30 Jun 23	786	144	165
31 Mar 23	805	143	137
31 Dec 22	825	143	110
30 Sep 22	808	124	62
30 Jun 22	791	104	13
31 Mar 22	758	94	10
31 Dec 21	725	84	7
30 Sep 21	698	86	7
30 Jun 21	671	88	7
31 Mar 21	619	77	7
31 Dec 20	568	66	7
30 Sep 20	541	60	9
30 Jun 20	508	50	8
31 Mar 20	514	55	9
31 Dec 19	522	60	10
30 Sep 19	514	63	14
30 Jun 19	504	66	16
31 Mar 19	497	69	15
31 Dec 18	489	71	20
30 Sep 18	484	71	18
30 Jun 18	483	71	17
31 Mar 18	483	71	16
31 Dec 17	478	71	15
30 Sep 17	473	70	16
30 Jun 17	473	70	16
31 Mar 17	472	70	16
31 Dec 16	474	70	16
30 Sep 16	470	71	16
30 Jun 16	452	71	15
31 Mar 16	432	70	14
31 Dec 15	411	69	13
30 Sep 15	396	69	11
30 Jun 15	389	68	11
31 Mar 15	382	68	10
31 Dec 14	375	68	10
30 Sep 14	363	89	9
30 Jun 14	353	87	9
31 Mar 14	347	86	9

Quality Earnings: RAFL.F has high quality earnings.

Growing Profit Margin: RAFL.F's current net profit margins (8.7%) are lower than last year (18.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: RAFL.F's earnings have grown by 12.9% per year over the past 5 years.

Accelerating Growth: RAFL.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: RAFL.F had negative earnings growth (-57.5%) over the past year, making it difficult to compare to the Healthcare industry average (10.4%).

Return on Equity

High ROE: RAFL.F's Return on Equity (6%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/05 13:43
End of Day Share Price	2024/12/16 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Raffles Medical Group Ltd is covered by 20 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
David Mak	CGS International
Patrick Yau	Citigroup Inc
Horng Han Low	CLSA