Healthcare Technology / Medical Devices

RMD

RMD: Sleep Health Pioneer - Margin Peak Before the Mean Reversion

Updated 3 Nov 2025

Healthcare technology leader with 28.5% market share and 94.3% device connectivity. Fair value $187.65 vs current $128 (47% upside). EBITDA margins peak 37.5% FY26 before compression to 30.7% terminal. Medicare risk 85% probability. Quality score 7.6/10.

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