I like to look at how investments in some ASX shares would have performed if you had invested patiently over a period of ten years because I am a big proponent of buy-and-hold investing.
I'm going to concentrate on Pro Medicus Limited (ASX:PME).It was established in 1983 and is a leading provider of health imaging technology.
In Australia, Europe, and North America, Pro Medicus offers a variety of software and services to hospitals, imaging centers, and health care organizations.Picture Archiving and Communication Systems (PACS), advanced visualisation solutions, and radiology information systems (RIS) are all examples of this.
The company says that these high-quality products combine speed, scalability, stability, and intelligence to help get rid of administrative tasks and workarounds, make clinical and administrative staff work more efficiently, and ultimately make the most money for their users.
Pro Medicus has also been able to maximize its own profits as a result of their growing popularity, resulting in years of steady profit growth.
Therefore, what is the present value of a $10,000 investment in this ASX share?
Pro Medicus shares have returned a mind-boggling 59.3% annually on average since this time in 2012, despite what the world has thrown at the share market and especially highly valued tech stocks.
This indicates that if you were fortunate enough to invest $10,000 in this ASX share in 2012, your investment would have grown by a factor of 100 and would now be worth $1.05 million.
However, the benefits may not end there!The shares of Bell Potter are currently held by analysts with a price target of $55.00 and a buy rating.
Pro Medicus's net profit after taxes, according to the broker, can rise from $44.9 million in FY 2022 to $114.2 million in FY 2025.In just three financial years, that represents an increase of more than 150 percent.
Imagine if all investments could follow Pro Medicus' example!
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