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Valuation of a healthcare company on the example of universal health services
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The purpose of this report is to guide the reader’s decision whether to invest or not to invest in
Universal Health Services, Inc. (UHS) stocks. To provide comprehensive insides, we first analysed
the business model, the hospital industry in the USA, macroeconomic trends and the political
environment that could influence the valuation of UHS. Based on the gathered information, we
performed three different types of valuation models. A peer multiple-based valuation, a residual
operating income valuation and a discounted cash flow valuation. All three models lead us to the
belief that the intrinsic value of UHS’ share is essentially higher than the market valuation of 106,81
US$ on the 02.01.2017. For UHS, we set a target price of 123,31US$.
Therefore, we conclude that the share of Universal Health Services, Inc. is undervalued and give
the recommendation: BUY.
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Valuation UHS Hospital Healthcare