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Thai (SET) Healthcare Sector Analysis

UpdatedJun 07, 2023
DataAggregated Company Financials
Companies40
  • 7D0.6%
  • 3M-1.1%
  • 1Y5.2%
  • YTD-2.2%

Over the last 7 days, the Healthcare industry has remained flat, although notably Bumrungrad Hospital gained 4.9%. As for the the longer term, the industry is up 5.2% over the past 12 months. As for the next few years, earnings are expected to grow by 9.5% per annum.

Sector Valuation and Performance

Has the Thai Healthcare Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 Jun 2023฿1.1t฿281.7b฿36.8b25.6x31.2x4.1x
Sat, 06 May 2023฿1.2t฿294.8b฿44.0b19.6x26.8x4x
Mon, 03 Apr 2023฿1.2t฿292.9b฿43.1b19.2x27.3x4x
Wed, 01 Mar 2023฿1.2t฿304.2b฿50.8b19.3x22.7x3.8x
Fri, 27 Jan 2023฿1.2t฿302.2b฿51.6b19x23.1x3.9x
Sun, 25 Dec 2022฿1.1t฿299.5b฿51.1b18.3x21.9x3.7x
Tue, 22 Nov 2022฿1.2t฿299.2b฿51.1b18x22.6x3.9x
Thu, 20 Oct 2022฿1.1t฿310.5b฿62.6b15x18.3x3.7x
Sat, 17 Sep 2022฿1.2t฿310.5b฿62.7b14.6x18.6x3.7x
Mon, 15 Aug 2022฿1.1t฿306.7b฿62.1b14.8x18.5x3.7x
Wed, 13 Jul 2022฿1.1t฿302.8b฿65.4b13.4x16.9x3.6x
Fri, 10 Jun 2022฿1.1t฿302.6b฿65.3b14.9x16.2x3.5x
Sun, 08 May 2022฿1.0t฿285.2b฿64.8b14.7x16.2x3.7x
Tue, 05 Apr 2022฿1.1t฿281.8b฿64.1b14.9x16.9x3.8x
Thu, 03 Mar 2022฿1.0t฿281.0b฿61.9b17.9x16.4x3.6x
Sat, 29 Jan 2022฿966.7b฿265.6b฿61.2b19.4x15.8x3.6x
Mon, 27 Dec 2021฿990.1b฿265.6b฿61.2b20.5x16.2x3.7x
Wed, 24 Nov 2021฿997.8b฿265.4b฿61.1b20.1x16.3x3.8x
Fri, 22 Oct 2021฿984.4b฿234.2b฿48.9b30.1x20.1x4.2x
Sun, 19 Sep 2021฿975.7b฿234.2b฿48.9b30.6x20x4.2x
Tue, 17 Aug 2021฿987.5b฿235.6b฿49.4b31x20x4.2x
Tue, 01 Jun 2021฿929.3b฿212.5b฿38.0b33.2x24.5x4.4x
Fri, 05 Mar 2021฿838.3b฿205.3b฿31.0b32.3x27x4.1x
Mon, 07 Dec 2020฿844.2b฿198.3b฿23.1b34.7x36.5x4.3x
Thu, 10 Sep 2020฿808.3b฿201.1b฿22.3b31.9x36.3x4x
Price to Earnings Ratio

36.2x


Total Market Cap: ฿742.8bTotal Earnings: ฿20.5bTotal Revenue: ฿186.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Healthcare Sector Price to Earnings3Y Average 23.5x202120222023
Current Industry PE
  • Investors are optimistic on the Thai Healthcare industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 31.2x which is higher than its 3-year average PE of 23.5x.
  • The industry is trading close to its 3-year average PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 22% per year over the last three years.
  • Revenues for these companies have grown 15% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Thai Healthcare sector?

TH Market-0.52%
Healthcare0.61%
Healthcare Services0.70%
Healthtech0%
Biotech0%
Life Sciences0%
Pharma-0.027%
Medical Equipment-1.62%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry, which is trading close to its 3-year average PE ratio of 35.5x.
    • Analysts are expecting annual earnings growth of 8.8%, which is higher than its past year's earnings decline of 41.7% per year.
  • Investors are most pessimistic about the Pharma industry, which is trading below its 3-year average of 21.5x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 33% over the next 5 years.
  • This is better than its past earnings decline of 22% per year.
  • In contrast, the Healthcare Services industry is expected to see its earnings grow by 8.8% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BH Bumrungrad Hospital฿234.004.9%
+฿8.7b		33.0%PE32.1x
BDMS Bangkok Dusit Medical Services฿28.500.9%
+฿4.0b		14.0%PE35.9x
THG Thonburi Healthcare Group฿69.501.8%
+฿1.1b		20.9%PE45.8x
NEW Wattana Karnpaet฿170.0066.7%
+฿680.0m		198.2%PE20.5x
MASTER Master Style฿85.253.3%
+฿660.0m		n/aPE64.4x
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Latest News

CHG

฿3.10

Chularat Hospital

7D

-5.5%

1Y

-17.6%

PRINC

฿4.44

Principal Capital

7D

-3.5%

1Y

-21.4%

NEW

฿170.00

Wattana Karnpaet

7D

66.7%

1Y

198.2%

THG

฿69.50

Thonburi Healthcare Group

7D

1.8%

1Y

20.9%

M-CHAI

฿674.00

Mahachai Hospital

7D

5.3%

1Y

116.0%

KLINIQ

฿41.25

Klinique Medical Clinic

7D

5.1%

1Y

n/a

PR9

฿17.40

Praram 9 Hospital

7D

-2.8%

1Y

22.5%

EFORL

฿0.21

E for L Aim

7D

-12.5%

1Y

-75.3%

CMR

฿2.44

Chiang Mai Ram Medical Business

7D

-2.4%

1Y

-8.3%

D

฿7.00

Dental Corporation

7D

-3.4%

1Y

45.6%

MEGA

฿39.75

Mega Lifesciences

7D

1.9%

1Y

-23.9%

BCH

฿18.40

Bangkok Chain Hospital

7D

-0.5%

1Y

-4.7%

MASTER

฿85.25

Master Style

7D

3.3%

1Y

n/a

STGT

฿8.90

Sri Trang Gloves (Thailand)

7D

-3.3%

1Y

-50.8%

BH

฿234.00

Bumrungrad Hospital

7D

4.9%

1Y

33.0%

BDMS

฿28.50

Bangkok Dusit Medical Services

7D

0.9%

1Y

14.0%