Financials PT Siloam International Hospitals Tbk

Equities

End-of-day quote INDONESIA S.E. Other stock markets 23:00:00 04/07/2024 BST			5-day change	1st Jan Change
2,740 ^IDR	-0.36%		+1.48%	+25.69%

04-25	PT Siloam International Hospitals Tbk Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
03-25	PT Siloam International Hospitals Tbk Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	11,299,071	8,935,473	13,855,190	16,314,920	28,271,704	35,571,351	-	-
Enterprise Value (EV) ²	10,988	8,583	12,505	15,761	27,733	35,148	35,049	35,571
P/E ratio	-33.4 x	76.9 x	20.6 x	17.8 x	23.5 x	29.9 x	23.1 x	19.1 x
Yield	-	-	-	-	-	1.21%	1.18%	1.47%
Capitalization / Revenue	1.61 x	1.26 x	1.48 x	1.71 x	2.53 x	2.84 x	2.58 x	2.29 x
EV / Revenue	1.57 x	1.21 x	1.33 x	1.66 x	2.48 x	2.8 x	2.54 x	2.29 x
EV / EBITDA	13 x	7.35 x	6.44 x	7.94 x	10.4 x	11.9 x	10.3 x	8.71 x
EV / FCF	79.8 x	8.82 x	8.88 x	31.2 x	-	90.4 x	59.6 x	40.5 x
FCF Yield	1.25%	11.3%	11.3%	3.2%	-	1.11%	1.68%	2.47%
Price to Book	1.9 x	1.5 x	2.16 x	2.35 x	3.58 x	4.12 x	3.62 x	3.18 x
Nbr of stocks (in thousands)	13,006,125	12,997,052	12,926,125	12,948,349	12,968,672	12,982,245	-	-
Reference price ³	868.8	687.5	1,072	1,260	2,180	2,740	2,740	2,740
Announcement Date	29/05/20	01/04/21	29/03/22	02/05/23	25/03/24	-	-	-

¹IDR in Million²IDR in Billions³IDR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	7,018	7,110	9,382	9,518	11,191	12,533	13,786	15,557
EBITDA ¹	843.2	1,168	1,940	1,984	2,671	2,963	3,397	4,084
EBIT ¹	-100.3	390.6	1,019	1,022	1,728	2,085	2,295	2,682
Operating Margin	-1.43%	5.49%	10.86%	10.74%	15.44%	16.64%	16.65%	17.24%
Earnings before Tax (EBT) ¹	-149.5	310.6	972.9	984.3	1,666	1,586	2,112	2,537
Net income ¹	-338.8	116.2	674.1	696.5	1,211	1,137	1,538	1,858
Net margin	-4.83%	1.63%	7.19%	7.32%	10.82%	9.07%	11.16%	11.94%
EPS ²	-26.05	8.940	52.02	70.59	92.92	91.63	118.5	143.2
Free Cash Flow ³	137,696	972,653	1,408,498	505,036	-	388,710	587,828	879,333
FCF margin	1,962.06%	13,679.83%	15,012.94%	5,306.11%	-	3,101.55%	4,264.09%	5,652.49%
FCF Conversion (EBITDA)	16,330.65%	83,302.33%	72,589.41%	25,455.44%	-	13,118.85%	17,305.36%	21,529.94%
FCF Conversion (Net income)	-	837,317.39%	208,939.69%	72,511.07%	-	34,199.86%	38,211.14%	47,331.9%
Dividend per Share ²	-	-	-	-	-	33.16	32.38	40.20
Announcement Date	29/05/20	01/04/21	29/03/22	02/05/23	25/03/24	-	-	-

¹IDR in Billions²IDR³IDR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	311	352	1,350	554	539	423	522	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ²	137,696	972,653	1,408,498	505,036	-	388,710	587,828	879,333
ROE (net income / shareholders' equity)	-5.54%	1.95%	10.9%	10.4%	15.5%	14.2%	16.1%	15.3%
ROA (Net income/ Total Assets)	-4.39%	1.44%	7.6%	7.34%	11.4%	10.2%	13%	14%
Assets ¹	7,719	8,085	8,866	9,485	10,663	11,143	11,811	13,294
Book Value Per Share ³	457.0	458.0	497.0	537.0	610.0	666.0	756.0	861.0
Cash Flow per Share	50.10	103.0	157.0	171.0	-	-	-	-
Capex ¹	514	364	625	1,183	1,428	2,322	2,297	2,339
Capex / Sales	7.32%	5.12%	6.66%	12.43%	12.76%	18.53%	16.66%	15.04%
Announcement Date	29/05/20	01/04/21	29/03/22	02/05/23	25/03/24	-	-	-

¹IDR in Billions²IDR in Million³IDR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2,740 IDR

Average target price

2,900 IDR

Spread / Average Target

+5.84%

	1st Jan change	Capi.
PT SILOAM INTERNATIONAL HOSPITALS TBK	+25.69%	2.19B
AIER EYE HOSPITAL GROUP CO., LTD.	-35.02%	13.15B
IHH HEALTHCARE	+4.81%	11.82B
BANGKOK DUSIT MEDICAL SERVICES	-3.60%	11.65B
APOLLO HOSPITALS ENTERPRISE LIMITED	+10.95%	10.9B
ENCOMPASS HEALTH CORPORATION	+27.77%	8.58B
RAMSAY HEALTH CARE LIMITED	-10.66%	7.25B
THE ENSIGN GROUP, INC.	+12.82%	7.15B
MOUWASAT MEDICAL SERVICES COMPANY	+8.05%	6.51B
FORTIS HEALTHCARE LIMITED	+10.13%	4.17B