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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.32x0.42x8.87x2.74% 124B
13.58x1.74x8.71x0.77% 87.05B
13.65x1.5x9.01x2.62% 29.19B
23.7x2.63x13.35x1.37% 26.58B
31.79x5.73x23.86x2.19% 21.51B
7.85x1.41x6.43x-.--% 20.82B
17.11x1.57x7.95x4.63% 15.85B
13.56x0.99x5.56x3.63% 12.09B
12.31x1.57x7.63x0.93% 11.44B
Average 16.43x 1.95x 10.15x 2.1% 38.76B
Weighted average by Cap. 15.52x 1.51x 9.76x 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

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