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 20,880 - -
Change - 35.22% -33.02% -37.22% -18.58% -5.43% - -
Enterprise Value (EV) 1 47,700 64,500 52,149 36,730 37,453 34,909 34,927 34,866
Change - 35.22% -19.15% -29.57% 1.97% -6.79% 0.05% -0.17%
P/E 11.4x 30.9x 27.9x 37x 7.9x 17.9x 15.2x 14x
PBR 2.78x 3.33x 2.33x 1.01x 1.01x 0.93x 0.9x 0.88x
PEG - -0.6x -1.1x -0.7x 0x -0.3x 0.8x 1.6x
Capitalization / Revenue 3.77x 6.75x 4.48x 3.02x 1.5x 0.94x 0.92x 0.89x
EV / Revenue 3.77x 6.75x 5.41x 4.1x 2.54x 1.56x 1.54x 1.49x
EV / EBITDA 6.76x 23x 31.6x 19x 13.8x 11.9x 9.96x 9.34x
EV / EBIT 7.86x 35.7x 84.9x 41.1x 30.6x 25.3x 19.1x 17.7x
EV / FCF 19.8x - -201x -1,032x 35.3x 18x 31.2x 29.3x
FCF Yield 5.06% - -0.5% -0.1% 2.83% 5.56% 3.21% 3.42%
Dividend per Share 2 0.76 1.1 - - 0.1 0.5 0.64 0.67
Rate of return 1.91% 2.05% - - 0.54% 2.87% 3.68% 3.85%
EPS 2 3.49 1.74 1.29 0.61 2.33 0.97 1.145 1.245
Distribution rate 21.8% 63.2% - - 4.29% 51.5% 55.9% 53.8%
Net sales 1 12,664 9,561 9,634 8,965 14,752 22,329 22,686 23,370
EBITDA 1 7,054 2,805 1,650 1,932 2,711 2,935 3,505 3,732
EBIT 1 6,068 1,807 614.3 894.6 1,224 1,379 1,829 1,966
Net income 1 4,193 2,088 1,551 727.8 2,798 1,166 1,374 1,492
Net Debt 1 - - 8,949 9,610 15,373 14,029 14,047 13,986
Reference price 2 39.75 53.75 36.00 22.60 18.40 17.40 17.40 17.40
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 3/1/22 3/2/23 3/1/24 3/3/25 3/2/26 - - -
1THB in Million2THB
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
12.49x0.39x8.1x3.1% 110B
14.75x1.84x9.18x0.71% 94.5B
14.11x1.53x9.23x2.53% 29.67B
22.93x2.56x12.99x1.42% 25.72B
31.35x5.66x23.59x2.23% 21.2B
7.79x1.41x6.41x-.--% 20.65B
17.51x1.6x7.99x4.08% 16.14B
13.64x0.99x5.57x3.61% 11.96B
12.57x1.59x7.73x0.91% 11.68B
Average 16.35x 1.95x 10.09x 2.06% 37.93B
Weighted average by Cap. 15.21x 1.56x 9.62x 2.01%

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

  1. Stock Market
  2. Stocks
  3. RAM Stock
  4. RAM-R Stock
  5. Valuation Ramkhamhaeng Hospital