Added to YB: 2025-07-23
Pitch date: 2025-06-06
PME.AX [bearish]
Pro Medicus Limited
+14.6%
current return
Author Info
No bio for this author
Company Info
Pro Medicus Limited, a healthcare informatics company, engages in the development and supply of healthcare imaging software, and radiology information (RIS) system software and services to hospitals, imaging centers, and health care groups in Australia, North America, and Europe.
Market Cap
AUD 31.5B
Pitch Price
AUD 274.51
Price Target
N/A
Dividend
0.20%
EV/EBITDA
196.76
P/E
273.32
EV/Sales
146.69
Sector
Health Care Technology
Category
value
Pro Medicus Limited - $PME.AX (short)
PME.AX short: Outstanding PACS software with 99.9% GM, but overvalued at 100x revenue. Limited TAM (~300 US systems, $1-4M/yr each). Strong competition from Sectra, Merative, others. Epic threat long-term. Trinity $220M/10yr deal includes migration costs. Insider selling, slowing contract cadence, declining deferred revenue ($10M current, $20M non-current).
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