Explore Pro Medicus Limited (ASX: PME) for a Notable ASX Share Option

August 27, 2024 05:53 PM AEST | By Team Kalkine Media

Google News:

Explore Pro Medicus Limited (ASX: PME) for a Notable ASX Share Option — Image source: shutterstock

Recent News

World Digital Introduces Innovative E‑Commerce Strategies Amid Global...

Alex Miller Keeps Classic Country Flame Burning With Alan Jackson Song...

Trump earns over $600 million from crypto, holds assets worth at least...

Oil in biggest gain since 2022 as Israel hits Iran, but Citi warns gai...

Two ASX shares, Pro Medicus Limited and Washington H. Soul Pattinson & Company Ltd, are catching the eye of investors with their recent performances and distinct market positions. Here’s a closer look at why these ASX value shares might be worth considering for an investment watchlist.

Pro Medicus Limited (ASX:PME)

Pro Medicus Limited, established in 1983, has seen a remarkable 53.5% increase in its share price since the beginning of 2024. The company specializes in radiology IT software that serves hospitals, imaging centers, and healthcare groups globally. Its product suite includes radiology information systems (RIS), Picture Archiving and Communication Systems (PACS), and advanced visualization solutions.

One of Pro Medicus’ standout offerings is its flagship Visage software. This advanced tool enables radiologists to view large medical image files remotely via mobile devices, facilitating timely diagnostic decisions and potentially improving patient outcomes. The ability to access and interpret imaging data on-the-go aligns with the growing demand for remote and efficient healthcare solutions.

Washington H. Soul Pattinson & Company Ltd (ASX:SOL)

Washington H. Soul Pattinson & Company Ltd, founded in 1903, is another notable ASX player. This diversified investment company has a broad portfolio spanning various industries and asset classes. Among its significant holdings are stakes in TPG Telecom (ASX:TPG), New Hope Group (ASX:NHC), and a cross-shareholding in Brickworks (ASX:BKW).

The company’s strategy focuses on delivering superior returns through capital growth and steadily increasing dividends. With a history of never missing a dividend payment since its listing, Washington H. Soul Pattinson has established itself as a reliable and family-run investment company. It remains just 4.1% below its 52-week high, reflecting strong investor confidence.

PME Share Price Valuation

For those assessing Pro Medicus Limited, one valuation approach involves looking at its price-to-sales ratio. Currently, PME shares have a price-to-sales ratio of 95.59x, compared to a 5-year average of 85.76x. This suggests that the shares are trading above their historical average. However, this is only one of many factors to consider when evaluating a company's value. Context and comprehensive analysis are crucial for making informed investment decisions.

Both Pro Medicus Limited and Washington H. Soul Pattinson & Company Ltd have demonstrated strong performances and possess unique attributes that make them notable candidates for any ASX investment watchlist.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.