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Thai (SET) Healthcare Sector Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies52
- 7D-3.7%
- 3M-20.2%
- 1Y-14.4%
- YTD-18.4%
Over the last 7 days, the Healthcare industry has dropped 3.7%, driven by a pullback from Bangkok Dusit Medical Services of 4.1%. Overall the industry is down 14% in 12 months. Looking forward, earnings are forecast to grow by 12% annually.
Sector Valuation and Performance
Has the Thai Healthcare Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | ฿893.8b | ฿304.6b | ฿37.5b | 20.3x | 23.9x | 2.9x |
| Tue, 19 Nov 2024 | ฿972.5b | ฿301.0b | ฿37.4b | 21.6x | 26x | 3.2x |
| Thu, 17 Oct 2024 | ฿1.1t | ฿294.7b | ฿36.6b | 22.9x | 29.5x | 3.7x |
| Sat, 14 Sep 2024 | ฿1.1t | ฿293.4b | ฿36.3b | 22.8x | 29.7x | 3.7x |
| Mon, 12 Aug 2024 | ฿1.0t | ฿290.4b | ฿36.3b | 19.9x | 27.8x | 3.5x |
| Wed, 10 Jul 2024 | ฿1.0t | ฿289.9b | ฿35.9b | 22.7x | 28.2x | 3.5x |
| Fri, 07 Jun 2024 | ฿1.1t | ฿289.8b | ฿36.0b | 24.4x | 29.4x | 3.6x |
| Sun, 05 May 2024 | ฿1.1t | ฿283.3b | ฿34.9b | 24.2x | 31.1x | 3.8x |
| Tue, 02 Apr 2024 | ฿1.1t | ฿282.5b | ฿34.5b | 24.9x | 31.1x | 3.8x |
| Thu, 29 Feb 2024 | ฿1.1t | ฿281.1b | ฿34.2b | 25.4x | 31.4x | 3.8x |
| Sat, 27 Jan 2024 | ฿1.1t | ฿288.6b | ฿35.8b | 27.3x | 30.9x | 3.8x |
| Mon, 25 Dec 2023 | ฿1.1t | ฿288.6b | ฿35.8b | 27.9x | 29.7x | 3.7x |
| Wed, 22 Nov 2023 | ฿1.1t | ฿288.5b | ฿35.7b | 27.5x | 30.6x | 3.8x |
| Fri, 20 Oct 2023 | ฿1.1t | ฿282.0b | ฿33.9b | 29.1x | 32.9x | 4x |
| Sun, 17 Sep 2023 | ฿1.1t | ฿281.9b | ฿33.9b | 29.1x | 33.7x | 4x |
| Tue, 15 Aug 2023 | ฿1.1t | ฿284.7b | ฿35.3b | 25.9x | 32.2x | 4x |
| Thu, 13 Jul 2023 | ฿1.1t | ฿285.0b | ฿37.1b | 24.7x | 29.7x | 3.9x |
| Sat, 10 Jun 2023 | ฿1.2t | ฿281.7b | ฿36.8b | 25.7x | 31.3x | 4.1x |
| Mon, 08 May 2023 | ฿1.2t | ฿294.8b | ฿44.0b | 19.6x | 26.8x | 4x |
| Wed, 05 Apr 2023 | ฿1.2t | ฿292.9b | ฿43.1b | 19.7x | 27.7x | 4.1x |
| Fri, 03 Mar 2023 | ฿1.1t | ฿304.2b | ฿50.8b | 18.9x | 22.4x | 3.7x |
| Sun, 29 Jan 2023 | ฿1.2t | ฿302.2b | ฿51.6b | 19.1x | 23.3x | 4x |
| Tue, 27 Dec 2022 | ฿1.1t | ฿299.5b | ฿51.1b | 18.4x | 21.9x | 3.7x |
| Thu, 24 Nov 2022 | ฿1.2t | ฿299.2b | ฿51.1b | 17.7x | 22.7x | 3.9x |
| Sat, 22 Oct 2022 | ฿1.2t | ฿310.5b | ฿62.6b | 15x | 18.5x | 3.7x |
| Mon, 19 Sep 2022 | ฿1.2t | ฿310.5b | ฿62.7b | 14.6x | 18.6x | 3.7x |
| Wed, 17 Aug 2022 | ฿1.1t | ฿308.4b | ฿62.5b | 13.8x | 18.3x | 3.7x |
| Fri, 15 Jul 2022 | ฿1.1t | ฿302.8b | ฿65.4b | 13.5x | 16.9x | 3.7x |
| Sun, 12 Jun 2022 | ฿1.1t | ฿302.6b | ฿65.3b | 15x | 16.1x | 3.5x |
| Tue, 10 May 2022 | ฿1.0t | ฿285.3b | ฿64.8b | 14x | 15.9x | 3.6x |
| Thu, 07 Apr 2022 | ฿1.1t | ฿281.8b | ฿64.1b | 14.9x | 16.9x | 3.8x |
| Sat, 05 Mar 2022 | ฿1.0t | ฿281.6b | ฿64.0b | 16.4x | 16x | 3.6x |
| Mon, 31 Jan 2022 | ฿966.7b | ฿265.6b | ฿61.2b | 19.4x | 15.8x | 3.6x |
| Wed, 29 Dec 2021 | ฿1.0t | ฿265.6b | ฿61.2b | 21.7x | 16.4x | 3.8x |
Price to Earnings Ratio
16.4x
Current Industry PE
- Investors are relatively neutral on the Thai Healthcare industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 25.3x.
- The 3-year average PS ratio of 3.8x is higher than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have declined 15% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.7% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Thai Healthcare sector?
| TH Market | -4.66% | |
| Healthcare | -3.66% | |
| Healthtech | 0% | |
| Biotech | 0% | |
| Life Sciences | 0% | |
| Pharma | -1.24% | |
| Healthcare Services | -3.53% | |
| Medical Equipment | -9.08% | |
Industry PE
- Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 23.7x.
- Analysts are expecting annual earnings growth of 46.9%, which is higher than its past year's earnings decline of 11.6% per year.
- Investors are most pessimistic about the Pharma industry, which is trading close to its 3-year average of 21.5x.
Forecasted Growth
- Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 47% over the next 5 years.
- This is better than its past earnings decline of 12% per year.
- In contrast, the Healthcare Services industry is expected to see its earnings grow by 10% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MEGA Mega Lifesciences | ฿33.75 | 1.5% +฿435.9m | -16.1% | PE15.9x | |
| BH Bumrungrad Hospital | ฿193.50 | 0.3% +฿397.5m | -10.4% | PE20.3x | |
| NEW Wattana Karnpaet | ฿93.00 | 12.0% +฿100.0m | n/a | PE20.3x | |
| EE-R Eternal Energy | ฿0.61 | 5.2% +฿83.4m | 117.9% | PS1205.4x | |
| BIZ Business Alignment | ฿3.38 | 0.6% +฿12.0m | 2.4% | PE9.2x |