Company Valuation: Ramkhamhaeng Hospital

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 47,700 64,500 43,200 27,120 22,080 21,600 - -
Change - 35.22% -33.02% -37.22% -18.58% -2.17% - -
Enterprise Value (EV) 1 47,700 64,500 52,149 36,730 37,453 35,285 34,973 34,573
Change - 35.22% -19.15% -29.57% 1.97% -5.79% -0.88% -1.14%
P/E 11.4x 30.9x 27.9x 37x 7.9x 16.1x 14.8x 13.2x
PBR 2.78x 3.33x 2.33x 1.01x 1.01x 0.96x 0.93x 0.9x
PEG - -0.6x -1.1x -0.7x 0x -0.3x 1.57x 1.1x
Capitalization / Revenue 3.77x 6.75x 4.48x 3.02x 1.5x 0.98x 0.94x 0.9x
EV / Revenue 3.77x 6.75x 5.41x 4.1x 2.54x 1.6x 1.52x 1.45x
EV / EBITDA 6.76x 23x 31.6x 19x 13.8x 9.94x 9.21x 8.4x
EV / EBIT 7.86x 35.7x 84.9x 41.1x 30.6x 18x 16.5x 14.7x
EV / FCF 19.8x - -201x -1,032x 35.3x 14x 28.9x 25.8x
FCF Yield 5.06% - -0.5% -0.1% 2.83% 7.16% 3.46% 3.88%
Dividend per Share 2 0.76 1.1 - - 0.1 0.625 0.655 0.72
Rate of return 1.91% 2.05% - - 0.54% 3.47% 3.64% 4%
EPS 2 3.49 1.74 1.29 0.61 2.33 1.115 1.22 1.365
Distribution rate 21.8% 63.2% - - 4.29% 56.1% 53.7% 52.7%
Net sales 1 12,664 9,561 9,634 8,965 14,752 22,078 22,960 23,886
EBITDA 1 7,054 2,805 1,650 1,932 2,711 3,552 3,798 4,116
EBIT 1 6,068 1,807 614.3 894.6 1,224 1,956 2,121 2,348
Net income 1 4,193 2,088 1,551 727.8 2,798 1,342 1,460 1,640
Net Debt 1 - - 8,949 9,610 15,373 13,685 13,373 12,973
Reference price 2 39.75 53.75 36.00 22.60 18.40 18.00 18.00 18.00
Nbr of stocks (in thousands) 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 - -
Announcement Date 01/03/22 02/03/23 01/03/24 03/03/25 02/03/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
16.14x1.6x9.94x3.47% 646M
16.94x0.47x10.12x2.5% 135B
12.06x1.62x8x0.85% 80.66B
12.26x1.42x8.57x2.77% 26.44B
21.43x2.34x11.82x1.56% 22.8B
29.16x5.37x22.66x2.39% 19.96B
7.28x1.19x5.61x-.--% 15.82B
16.05x1.5x7.66x4.37% 15.63B
15.9x1.83x8.77x0.72% 14.92B
14.06x1.04x5.82x3.26% 12.9B
Average 16.13x 1.84x 9.90x 2.19% 34.53B
Weighted average by Cap. 15.81x 1.38x 9.80x 1.99%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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