Company Valuation: Praram 9 Hospital

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 8,649 13,288 12,581 21,034 14,704 15,176 - -
Change - 53.64% -5.33% 67.19% -30.09% 3.21% - -
Enterprise Value (EV) 1 8,649 11,731 10,830 18,795 12,037 12,564 12,256 11,712
Change - 35.63% -7.68% 73.55% -35.96% 4.37% -2.45% -4.44%
P/E 34.4x 23.5x 22.5x 29.4x 17.8x 17.9x 16.2x 15x
PBR 2.02x 2.81x 2.48x 3.87x 2.5x 2.39x 2.22x 2.08x
PEG - 0x -16.2x 1x 1.2x 6.02x 1.6x 1.78x
Capitalization / Revenue 2.9x 3.24x 2.99x 4.54x 2.79x 2.75x 2.59x 2.43x
EV / Revenue 2.9x 2.86x 2.58x 4.05x 2.28x 2.28x 2.09x 1.88x
EV / EBITDA 14.7x 11.8x 11.3x 16.9x 9.43x 9.19x 8.34x 7.47x
EV / EBIT 29.2x 18.1x 17.8x 25x 12.5x 12.3x 11x 9.61x
EV / FCF 25.8x 15.9x 21x 23.4x 24.3x 18.6x 15.4x 12.3x
FCF Yield 3.88% 6.28% 4.75% 4.28% 4.12% 5.39% 6.51% 8.14%
Dividend per Share 2 0.14 0.29 0.3 0.4 0.5 0.5189 0.5685 0.6372
Rate of return 1.27% 1.72% 1.88% 1.5% 2.67% 2.69% 2.95% 3.3%
EPS 2 0.32 0.72 0.71 0.91 1.05 1.081 1.19 1.29
Distribution rate 43.8% 40.3% 42.3% 44% 47.6% 48% 47.8% 49.4%
Net sales 1 2,987 4,107 4,202 4,635 5,277 5,519 5,865 6,238
EBITDA 1 590.2 991.3 958 1,114 1,276 1,367 1,470 1,567
EBIT 1 296.5 648.7 608.3 752.7 962.7 1,017 1,114 1,218
Net income 1 249.2 567.6 557.9 712.7 822.7 851.4 933.7 1,016
Net Debt 1 - -1,557 -1,751 -2,238 -2,666 -2,612 -2,920 -3,464
Reference price 2 11.00 16.90 16.00 26.75 18.70 19.30 19.30 19.30
Nbr of stocks (in thousands) 786,300 786,300 786,300 786,300 786,300 786,300 - -
Announcement Date 2/17/22 2/22/23 2/20/24 2/19/25 2/17/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.85x2.28x9.19x2.69% 454M
51.37x4.43x28.82x0.27% 13.34B
19.38x2.3x10.72x0.64% 12.18B
24.61x2.88x10.04x1.64% 10.92B
24.82x2.01x16.21x0.15% 10.12B
78.08x7.72x31.26x - 9.98B
19.85x2.89x11.89x4.04% 9.61B
30.9x1x7.86x1.99% 8.94B
14.21x1.35x7.94x1.89% 8.71B
110.64x14.22x74.12x-.--% 6.9B
Average 39.17x 4.11x 20.80x 1.48% 9.12B
Weighted average by Cap. 39.30x 3.99x 20.51x 1.3%

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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