Investors should always be on the lookout to buy their favourite companies if they are at an attractive value. For some companies it's rare to trade at a discount, so it's a good idea to jump on opportunities when they arise.
Here are three shares that I'm interested in that I think are trading at an attractive value:
Ramsay Health Care Limited (ASX: RHC)
Ramsay is one of the top five biggest private hospital operators in the world. It has long-term tailwinds thanks to the ageing population and a defensive earnings profile.
Ramsay is currently trading at $67.57, which is 17% cheaper than its all-time high back in September 2016. It's trading at 26x FY17's estimated earnings with a grossed-up dividend yield of 2.64%.
Healthscope Ltd (ASX: HSO)
Healthscope is the second biggest operator of private hospitals in Australia. Like Ramsay, it also has ageing population tailwinds and it operates in a defensive sector. It has an impressive number of hospitals under construction which should boost revenue over the next few years.
Its shares are currently down 29% from the all-time high in September 2016, this is because it reported that the number of patients hadn't increased compared to last year. The market didn't like this disclosure and punished the share price.
I think now is a good time to buy Healthscope shares and hold for the long-term. It's currently trading at 20.6x FY17's estimated earnings with an unfranked dividend yield of 3.35%.
Altium Limited (ASX: ALU)
Altium provides electronic PCB software for designers to create the products of the future at businesses like BMW, John Deere and Cochlear Limited (ASX: COH).
The predicted growth of the 'Internet of Things' should see a big rise in demand for Altium's offerings, which is why management are predicting revenue to double over the next three to four years.
Altium is trading at 27x FY17's estimated earnings with an unfranked dividend yield of 2.84%.
Foolish takeaway
I think all three of these ideas would make good investments at the current prices. However, I think out of the three it's Ramsay and Healthscope that look like the best long-term value. For more great stocks at good prices that should beat the market, check out these three growth shares.
