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Thai (SET) Healthcare Services Industry Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies44
- 7D-3.5%
- 3M-20.4%
- 1Y-15.5%
- YTD-19.4%
Over the last 7 days, the Healthcare Services industry has dropped 3.5%, driven by Bangkok Dusit Medical Services declining 4.1%. Overall the industry is down 16% in 12 months. As for the next few years, earnings are expected to grow by 10% per annum.
Industry Valuation and Performance
Has the Thai Healthcare Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | ฿819.1b | ฿256.2b | ฿34.5b | 20.5x | 23.8x | 3.2x |
| Tue, 19 Nov 2024 | ฿894.0b | ฿252.8b | ฿34.5b | 22x | 25.9x | 3.5x |
| Thu, 17 Oct 2024 | ฿1.0t | ฿250.6b | ฿33.9b | 24.3x | 29.5x | 4x |
| Sat, 14 Sep 2024 | ฿999.3b | ฿249.4b | ฿33.6b | 22.9x | 29.8x | 4x |
| Mon, 12 Aug 2024 | ฿939.8b | ฿247.3b | ฿34.1b | 21.1x | 27.6x | 3.8x |
| Wed, 10 Jul 2024 | ฿939.3b | ฿246.8b | ฿33.7b | 22.9x | 27.9x | 3.8x |
| Fri, 07 Jun 2024 | ฿978.5b | ฿246.7b | ฿33.7b | 24.9x | 29x | 4x |
| Sun, 05 May 2024 | ฿1.0t | ฿241.8b | ฿32.7b | 27.1x | 31x | 4.2x |
| Tue, 02 Apr 2024 | ฿994.1b | ฿241.0b | ฿32.2b | 25.6x | 30.8x | 4.1x |
| Thu, 29 Feb 2024 | ฿1.0t | ฿239.6b | ฿32.0b | 26.1x | 31.3x | 4.2x |
| Sat, 27 Jan 2024 | ฿1.0t | ฿247.8b | ฿33.3b | 27.7x | 31x | 4.2x |
| Mon, 25 Dec 2023 | ฿996.3b | ฿247.8b | ฿33.3b | 28.7x | 29.9x | 4x |
| Wed, 22 Nov 2023 | ฿1.0t | ฿247.7b | ฿33.2b | 29.7x | 30.8x | 4.1x |
| Fri, 20 Oct 2023 | ฿1.1t | ฿242.2b | ฿31.4b | 29.2x | 33.5x | 4.3x |
| Sun, 17 Sep 2023 | ฿1.1t | ฿242.1b | ฿31.3b | 32.2x | 34.1x | 4.4x |
| Tue, 15 Aug 2023 | ฿1.1t | ฿245.0b | ฿32.8b | 26.6x | 32.7x | 4.4x |
| Thu, 13 Jul 2023 | ฿1.0t | ฿243.8b | ฿33.8b | 24.7x | 30.7x | 4.3x |
| Sat, 10 Jun 2023 | ฿1.1t | ฿241.8b | ฿33.6b | 26.6x | 32.3x | 4.5x |
| Mon, 08 May 2023 | ฿1.1t | ฿252.4b | ฿39.7b | 19.9x | 28x | 4.4x |
| Wed, 05 Apr 2023 | ฿1.1t | ฿250.4b | ฿38.8b | 20.2x | 28.9x | 4.5x |
| Fri, 03 Mar 2023 | ฿1.1t | ฿261.8b | ฿46.5b | 19.2x | 22.8x | 4x |
| Sun, 29 Jan 2023 | ฿1.1t | ฿257.0b | ฿45.3b | 19.4x | 24.7x | 4.4x |
| Tue, 27 Dec 2022 | ฿1.0t | ฿254.3b | ฿44.8b | 18.5x | 23.3x | 4.1x |
| Thu, 24 Nov 2022 | ฿1.1t | ฿254.1b | ฿44.9b | 18.6x | 24.1x | 4.3x |
| Sat, 22 Oct 2022 | ฿1.1t | ฿259.7b | ฿52.0b | 15.4x | 20.7x | 4.2x |
| Mon, 19 Sep 2022 | ฿1.1t | ฿259.7b | ฿52.1b | 14.6x | 20.7x | 4.2x |
| Wed, 17 Aug 2022 | ฿1.1t | ฿257.6b | ฿51.8b | 14.1x | 20.3x | 4.1x |
| Fri, 15 Jul 2022 | ฿1.0t | ฿245.9b | ฿48.2b | 13.5x | 21x | 4.1x |
| Sun, 12 Jun 2022 | ฿950.4b | ฿245.8b | ฿48.1b | 15x | 19.8x | 3.9x |
| Tue, 10 May 2022 | ฿928.2b | ฿220.7b | ฿38.8b | 14x | 23.9x | 4.2x |
| Thu, 07 Apr 2022 | ฿958.8b | ฿217.2b | ฿38.1b | 14.1x | 25.2x | 4.4x |
| Sat, 05 Mar 2022 | ฿904.7b | ฿217.0b | ฿38.0b | 15.6x | 23.8x | 4.2x |
| Mon, 31 Jan 2022 | ฿837.4b | ฿195.7b | ฿28.6b | 19.4x | 29.3x | 4.3x |
| Wed, 29 Dec 2021 | ฿862.6b | ฿195.7b | ฿28.6b | 21.7x | 30.2x | 4.4x |
Price to Earnings Ratio
30.2x
Current Industry PE
- Investors are pessimistic on the Thai Healthcare industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 23.8x which is lower than its 3-year average PE of 27.5x.
- The 3-year average PS ratio of 4.2x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have grown 6.5% per year over the last three years.
- Revenues for these companies have grown 9.4% 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 industry?
| TH Market | -4.66% | |
| Healthcare | -3.66% | |
| Healthcare Services | -3.53% | |
| Managed Healthcare | 0% | |
| Healthcare Facilities | -3.33% | |
| Healthcare Distributors | -5.71% | |
| Healthcare Services | -9.43% | |
Industry PE
- Investors are most optimistic about the Healthcare Facilities industry even though it's trading below its 3-year average PE ratio of 27.8x.
- Analysts are expecting annual earnings growth of 9.8%, which is lower than the prior year's growth of 11.1% per year.
- Investors are most pessimistic about the Healthcare Distributors industry, which is trading close to its 3-year average of 16.3x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Distributors industry, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings growth rate of 16% per year.
- In contrast, the Healthcare Facilities industry is expected to see its earnings grow by 9.8% 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 | |
|---|---|---|---|---|---|
| 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 | |
| BIZ Business Alignment | ฿3.38 | 0.6% +฿12.0m | 2.4% | PE9.2x |