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Thai (SET) Healthcare Services Industry Analysis
UpdatedFeb 15, 2025
DataAggregated Company Financials
Companies44
- 7D-2.0%
- 3M-16.0%
- 1Y-25.6%
- YTD-11.2%
Over the last 7 days, the Healthcare Services industry has dropped 2.0%, driven by Bangkok Dusit Medical Services declining 3.0%. Meanwhile, Klinique Medical Clinic actually outperformed within the industry, gaining 9.7% in the last week. Overall the industry is down 26% in 12 months. Looking forward, earnings are forecast to grow by 9.2% annually.
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, 16 Feb 2025 | ฿755.6b | ฿256.2b | ฿34.5b | 17.6x | 21.9x | 2.9x |
| Tue, 14 Jan 2025 | ฿818.8b | ฿256.2b | ฿34.5b | 20.9x | 23.7x | 3.2x |
| Thu, 12 Dec 2024 | ฿865.8b | ฿254.2b | ฿34.3b | 21.5x | 25.3x | 3.4x |
| Sat, 09 Nov 2024 | ฿911.1b | ฿250.3b | ฿33.9b | 22.5x | 26.9x | 3.6x |
| Mon, 07 Oct 2024 | ฿981.2b | ฿249.8b | ฿33.6b | 24.1x | 29.2x | 3.9x |
| Wed, 04 Sep 2024 | ฿946.8b | ฿249.4b | ฿33.6b | 23.2x | 28.2x | 3.8x |
| Fri, 02 Aug 2024 | ฿919.6b | ฿246.8b | ฿33.7b | 21x | 27.3x | 3.7x |
| Sun, 30 Jun 2024 | ฿951.6b | ฿246.8b | ฿33.7b | 23.2x | 28.2x | 3.9x |
| Tue, 28 May 2024 | ฿1.0t | ฿246.2b | ฿33.6b | 26x | 30x | 4.1x |
| Thu, 25 Apr 2024 | ฿990.7b | ฿241.1b | ฿32.3b | 26.2x | 30.7x | 4.1x |
| Sat, 23 Mar 2024 | ฿1.0t | ฿241.0b | ฿32.2b | 26.4x | 31x | 4.1x |
| Mon, 19 Feb 2024 | ฿996.6b | ฿234.4b | ฿31.1b | 27.5x | 32.1x | 4.3x |
| Wed, 17 Jan 2024 | ฿1.1t | ฿247.8b | ฿33.3b | 28x | 31.6x | 4.2x |
| Fri, 15 Dec 2023 | ฿984.2b | ฿247.7b | ฿33.3b | 27.2x | 29.6x | 4x |
| Sun, 12 Nov 2023 | ฿1.0t | ฿244.8b | ฿33.2b | 28.8x | 30.9x | 4.2x |
| Tue, 10 Oct 2023 | ฿1.0t | ฿242.2b | ฿31.4b | 29.1x | 33.5x | 4.3x |
| Thu, 07 Sep 2023 | ฿1.1t | ฿241.9b | ฿31.2b | 30.5x | 34.4x | 4.4x |
| Sat, 05 Aug 2023 | ฿1.1t | ฿243.8b | ฿33.8b | 24.2x | 31.1x | 4.3x |
| Mon, 03 Jul 2023 | ฿1.0t | ฿241.8b | ฿33.5b | 24.6x | 31.1x | 4.3x |
| Wed, 31 May 2023 | ฿1.1t | ฿241.8b | ฿33.6b | 27x | 32x | 4.4x |
| Fri, 28 Apr 2023 | ฿1.1t | ฿250.4b | ฿38.8b | 20.5x | 28.6x | 4.4x |
| Sun, 26 Mar 2023 | ฿1.1t | ฿250.5b | ฿38.9b | 20.6x | 28.1x | 4.4x |
| Tue, 21 Feb 2023 | ฿1.1t | ฿257.0b | ฿45.3b | 19.8x | 24.7x | 4.4x |
| Thu, 19 Jan 2023 | ฿1.1t | ฿255.8b | ฿45.0b | 19.2x | 24.4x | 4.3x |
| Sat, 17 Dec 2022 | ฿1.0t | ฿253.9b | ฿44.8b | 18.4x | 23.3x | 4.1x |
| Mon, 14 Nov 2022 | ฿1.1t | ฿254.3b | ฿47.6b | 17.3x | 24x | 4.5x |
| Wed, 12 Oct 2022 | ฿1.1t | ฿259.7b | ฿52.0b | 15.7x | 20.8x | 4.2x |
| Fri, 09 Sep 2022 | ฿1.1t | ฿259.7b | ฿52.1b | 14.8x | 21.2x | 4.3x |
| Sun, 07 Aug 2022 | ฿1.0t | ฿245.9b | ฿48.2b | 14.4x | 21.3x | 4.2x |
| Tue, 05 Jul 2022 | ฿973.8b | ฿245.9b | ฿48.2b | 13.3x | 20.2x | 4x |
| Thu, 02 Jun 2022 | ฿1.0t | ฿245.8b | ฿48.1b | 15.1x | 20.9x | 4.1x |
| Sat, 30 Apr 2022 | ฿965.5b | ฿217.2b | ฿38.1b | 15.2x | 25.4x | 4.4x |
| Mon, 28 Mar 2022 | ฿957.8b | ฿217.2b | ฿38.1b | 14.2x | 25.2x | 4.4x |
| Wed, 23 Feb 2022 | ฿866.7b | ฿198.8b | ฿29.7b | 18.5x | 29.2x | 4.4x |
Price to Earnings Ratio
29.2x
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 21.9x which is lower than its 3-year average PE of 27.2x.
- The 3-year average PS ratio of 4.1x is higher than the industry's current PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have grown 5.6% per year over the last three years.
- Revenues for these companies have grown 9.0% 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 | -0.76% | |
| Healthcare | -1.84% | |
| Healthcare Services | -1.99% | |
| Healthcare Services | 2.12% | |
| Healthcare Distributors | 0.35% | |
| Managed Healthcare | 0% | 0 |
| Healthcare Facilities | -2.13% | |
Industry PE
- Investors are most optimistic about the Healthcare Facilities industry even though it's trading below its 3-year average PE ratio of 27.5x.
- Analysts are expecting annual earnings growth of 8.9%, 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 16.6x.
Forecasted Growth
- Analysts are most optimistic on the Healthcare Distributors industry, expecting annual earnings growth of 23% 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 8.9% 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 | |
|---|---|---|---|---|---|
| KLINIQ Klinique Medical Clinic | ฿28.25 | 9.7% +฿550.0m | -29.4% | PE20.6x | |
| WPH Wattanapat Hospital Trang | ฿8.45 | 7.6% +฿403.9m | 31.6% | PE22.4x | |
| NTV Nonthavej Hospital | ฿29.75 | 4.4% +฿200.0m | -20.7% | PE12.3x | |
| CMR Chiang Mai Ram Medical Business | ฿1.63 | 2.5% +฿162.8m | -21.6% | PE24.3x | |
| VIH Srivichaivejvivat | ฿6.95 | 3.0% +฿121.8m | -13.1% | PE12.4x |