ResMed Inc. (RMD.AX)

DCF Valuation · Healthcare · Medical Instruments & Supplies

Valuation as at 2026-08-14 · see also the ASX 300 Most Undervalued screen

About ResMed Inc.

ResMed Inc. develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally. The company operates in two segments, Sleep and Breathing Health, and Residential Care Software.

Source: Yahoo Finance company profile · factual description, not KashVector commentary

ResMed Inc. RMD.AX

Healthcare · Medical Instruments & Supplies

Price
$32.02
Market Cap
$46.45B
Free Cash Flow
$1.33B
Beta
0.75
P/E (TTM)
21.6x
52-Week Range
$25.50–$45.25

ResMed Inc.'s price & financial trends

Each card is labelled with its own reporting period — quarterly where Yahoo provides it for this market, annual otherwise.

Data as at 2026-08-14

Share price · last 2 years

$32.02 -10% vs 2024-08
ASX 200 $35.72$40.18$39.35$37.50$29.78$32.02 2024-082025-012025-062025-112026-042026-08

Earnings per share (diluted) Per quarter

$0.26 +6% vs Q1 '25
$0.25$0.26$0.27$0.27$0.26Q1 '25Q2 '25Q4 '25Q1 '26Q2 '26

Free cash flow Per quarter

$0.51B -7% vs Q1 '25
$0.55B$0.50B$0.41B$0.31B$0.51BQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26

Dividend per share Per quarter

$0.06 +13% vs Q1 '25
$0.05$0.05$0.06$0.06Q1 '25Q2 '25Q4 '25Q1 '26

Value investing scale · Buffett · Dalio · Graham

Strong Fit
16 / 20 combined score

See the full Buffett, Dalio & Graham breakdown for RMD.AX →

Intrinsic value estimate · 5-year forecast

BEAR
$12.81
vs current $32.02
-60.0% ❌ Overvalued
BASE
$16.35
vs current $32.02
-48.9% ❌ Overvalued
BULL
$21.43
vs current $32.02
-33.1% ❌ Overvalued

Assumptions used in this valuation

Every input below is either fetched live from Yahoo Finance or a documented default — nothing is hidden.

Starting free cash flow
$1.33B
Reported free cash flow (Yahoo)
Risk-free rate
4.80% ● LIVE
Live 10-yr govt bond
Beta
0.75
Floored for non-US stocks
Equity risk premium
6.00%
Market-specific seed
Cost of debt
5.40%
Synthetic rating AAA, ICR 36.9x
Tax rate
25.00%
Estimated default
Capital structure
E 98% / D 2%
Market cap vs total debt
Projection horizon
5 years
+ terminal value beyond
BearBaseBull
5-yr FCF growth2.7%5.4%8.1%
Terminal growth2.5%2.5%2.5%
WACC (discount rate)10.16%9.16%8.16%

Cost of Equity = Risk-free rate + Beta × Equity Risk Premium = 4.80% + 0.75 × 6.00% = 9.29% · WACC = weighted by 98%/2% capital structure

These numbers come from running ResMed Inc.'s cash flows through the mechanical DCF formula and assumptions above — not from any view on the news, management, or RMD.AX's competitive position. What is DCF?

Want to test your own growth or discount-rate assumptions?Open the full interactive calculator, pre-filled with RMD.AX →

More ASX stocks we've valued

Not financial advice. DCF valuations are highly sensitive to assumptions — small changes in growth rate or discount rate produce large swings in output. This is a mechanical calculation, not a recommendation to buy, hold, or sell.

About this valuation

Computed on 2026-08-14 from Yahoo Finance data, using the same engine as the full DCF tool and the ASX 300 Most Undervalued screen. Every figure above is a point-in-time snapshot of that date — change any assumption yourself in the interactive tool for a live one.

Frequently asked questions

Is ResMed Inc. (RMD.AX) undervalued?

The Base-case DCF estimates intrinsic value at $16.35 vs a price of $32.02 on 2026-08-14 — a -48.9% margin, so the Base case reads overvalued. This is a mechanical output, not advice.