Universal Health Services, Inc. (UHS)

Industry: Medical - Care Facilities 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
MDMG.L	1	MD Medical Group I	37,233	5.70	5.70	2.92	2.92	4.31	4.36
RHC.AX	2	Ramsay Health Care	22,753	9.89	9.28	5.48	4.70	4.64	5.62
THC	3	Tenet Healthcare C	20,855	13.19	13.19	6.35	5.52	7.89	6.85
6618.HK	4	JD Health Internat	17,013	17.13	17.13	29.42	29.42	11.87	33.20
UHS	5	Universal Health S	16,993	9.57	8.75	7.03	6.54	8.70	8.57
DVA	6	DaVita Inc.	13,318	12.41	12.63	9.50	9.37	11.74	11.27
EMEIS.PA	7	Emeis	12,721	1.05	0.80	7.91	7.02	-	-
CYH	8	Community Health S	12,644	1.30	1.30	8.25	7.92	10.93	7.89
0NEX.L	9	Orpea S.A.	12,160	-	-	-	-	-	2.82
ASTERDM.BO	10	Aster DM Healthcar	11,759	97.72	90.05	39.87	41.28	45.17	38.69
CLARI.PA	11	Clariane SE	10,777	-	-	4.30	3.28	18.60	16.95
RDOR3.SA	12	Rede D'Or São Lui	9,816	20.91	13.09	8.57	6.87	11.77	10.20
SOLV	13	Solventum Corporat	8,402	8.35	8.35	6.25	6.25	29.60	25.38
GDS.PA	14	Ramsay Générale	7,688	-	-	8.29	8.73	10.13	21.72
ARDT	15	Ardent Health Part	6,326	9.08	9.08	6.40	6.40	3.47	4.44
Q0F.SI	16	IHH Healthcare Ber	6,101	26.94	26.94	11.97	9.55	20.64	13.62

Line Item	Trailing P/E	Forward P/E	Trailing EV/EBITDA	Forward EV/EBITDA	Trailing EV/EBIT	Forward EV/EBIT
Winsorized Median Multiple	9.49	9.18	7.15	6.63	10.93	9.05
Full Range Median Multiple	11.15	10.96	8.08	6.94	11.74	10.74
Industry Multiple	18.64	17.30	11.11	10.66	14.67	14.50
Market Implied Multiple	9.35	8.55	6.92	6.43	8.56	8.43
Company (UHS) Multiple	9.57	8.75	7.03	6.54	8.70	8.57
(*) Net Income / EBITDA / Revenue	1,375	1,504	2,582	2,776	2,087	2,119
Winsorized Enterprise Value	N/A	N/A	18,474	18,419	22,816	19,163
Full Range Median Enterprise Value	N/A	N/A	20,863	19,281	24,496	22,744
(-) Net Debt	4,998	4,998	4,998	4,998	4,998	4,998
Winsorized Equity Value	13,050	13,812	13,476	13,421	17,818	14,165
Full Range Median Equity Value	15,335	16,482	15,865	14,283	19,498	17,746
(/) Shares Outstanding	64	64	64	64	64	64
Winsorized Fair Value	$202.77	$214.62	$209.39	$208.54	$276.86	$220.11
Full Range Median Fair Value	$238.28	$256.10	$246.51	$221.93	$302.97	$275.74
Current Price	$199.88	$199.88	$199.88	$199.88	$199.88	$199.88
Upside / Downside	1.45%	7.37%	4.76%	4.33%	38.51%	10.12%
Safety Margin	30.0%	30.0%	30.0%	30.0%	30.0%	30.0%
Buy Price	$141.94	$150.23	$146.57	$145.98	$193.80	$154.07
Buy / Don't Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy	Don’t Buy