GE HealthCare Technologies Inc. (GEHCV)

Industry: Medical - Healthcare Information Services Model: Peers Multiples Valuation

Valuation Snapshot

Ticker	Rank	Name	Rev TTM (M)	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
071200.KS	1	Infinitt Healthcar	106,345	4.35	3.19	1.90	1.32	18.50	4.46
032850.KS	2	BIT Computer Co Lt	35,609	11.41	11.30	6.41	6.16	12.89	12.92
GEHCV	3	GE HealthCare Tech	20,253	12.53	12.53	7.28	7.28	9.00	8.73
BTSG	4	BrightSpring Healt	12,413	46.42	46.42	19.23	19.23	24.40	32.21
BTSGU	5	BrightSpring Healt	12,413	46.42	46.42	19.23	19.23	24.40	32.21
CERN	6	Cerner Corporation	5,807	47.03	48.10	19.73	19.77	28.40	40.65
CHNG	7	Change Healthcare	3,497	-	-	0.97	0.97	0.11	0.07
VEEV	8	Veeva Systems Inc.	3,080	55.40	46.10	50.72	42.27	47.84	44.57
TDOC	9	Teladoc Health, In	2,528	-	-	-	-	-	-
RCM	10	R1 RCM Inc.	2,464	-	-	19.56	15.39	128.61	48.26
2413.T	11	M3, Inc.	2,126	35.25	31.58	25.59	24.43	25.18	20.13
EVH	12	Evolent Health, In	2,054	-	-	73.69	73.69	247.13	-
PRVA	13	Privia Health Grou	2,043	168.27	168.27	62.48	62.48	45.51	92.96
BBLN	14	Babylon Holdings L	1,544	-	-	-	-	-	-
1833.HK	15	Ping An Healthcare	1,385	115.59	115.59	172.09	172.09	37.76	-
0MSD.L	16	CompuGroup Medical	1,357	43.31	50.49	9.51	9.20	21.02	10.54

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	46.42	46.42	19.23	19.23	24.40	20.13
Full Range Median Multiple	46.42	46.42	19.56	19.23	25.18	32.21
Industry Multiple	57.34	56.75	37.01	35.86	50.90	30.82
Market Implied Multiple	12.53	12.53	7.28	7.28	9.00	8.73
Company (GEHCV) Multiple	12.53	12.53	7.28	7.28	9.00	8.73
(*) Net Income / EBITDA / Revenue	2,038	2,038	3,230	3,230	2,612	2,692
Winsorized Enterprise Value	N/A	N/A	62,117	62,117	63,737	54,201
Full Range Median Enterprise Value	N/A	N/A	63,186	62,117	65,774	86,709
(-) Net Debt	-2,022	-2,022	-2,022	-2,022	-2,022	-2,022
Winsorized Equity Value	94,600	94,600	64,139	64,139	65,759	56,223
Full Range Median Equity Value	94,600	94,600	65,208	64,139	67,796	88,731
(/) Shares Outstanding	456	456	456	456	456	456
Winsorized Fair Value	$207.46	$207.46	$140.66	$140.66	$144.21	$123.30
Full Range Median Fair Value	$207.46	$207.46	$143.00	$140.66	$148.68	$194.59
Current Price	$56.00	$56.00	$56.00	$56.00	$56.00	$56.00
Upside / Downside	270.46%	270.46%	151.17%	151.17%	157.52%	120.17%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$145.22	$145.22	$98.46	$98.46	$100.95	$86.31
Buy / Don't Buy	BUY	BUY	BUY	BUY	BUY	BUY