Thai (SET) Healthcare Services Industry Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies40
- 7D-2.8%
- 3M-9.9%
- 1Y-10.1%
- YTD-7.8%
Over the last 7 days, the Healthcare Services industry has remained flat, although notably Master Style declined by 14%. As for the longer term, the industry has declined 7.9% in the last year. Looking forward, earnings are forecast to grow by 9.6% 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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | ฿920.9b | ฿246.8b | ฿33.7b | 22.2x | 27.3x | 3.7x |
| Sun, 23 Jun 2024 | ฿930.1b | ฿246.8b | ฿33.7b | 22.7x | 27.6x | 3.8x |
| Tue, 21 May 2024 | ฿1.0t | ฿246.5b | ฿33.7b | 25.8x | 29.9x | 4.1x |
| Thu, 18 Apr 2024 | ฿973.3b | ฿241.1b | ฿32.3b | 25.5x | 30.2x | 4x |
| Sat, 16 Mar 2024 | ฿1.0t | ฿241.0b | ฿32.2b | 26.7x | 31.2x | 4.2x |
| Mon, 12 Feb 2024 | ฿1.0t | ฿234.5b | ฿31.1b | 28x | 32.2x | 4.3x |
| Wed, 10 Jan 2024 | ฿1.0t | ฿247.8b | ฿33.3b | 28.4x | 31x | 4.2x |
| Fri, 08 Dec 2023 | ฿992.8b | ฿247.7b | ฿33.3b | 27.6x | 29.9x | 4x |
| Sun, 05 Nov 2023 | ฿1.1t | ฿243.8b | ฿31.8b | 29.1x | 33.2x | 4.3x |
| Tue, 03 Oct 2023 | ฿1.1t | ฿242.2b | ฿31.4b | 29.2x | 34.1x | 4.4x |
| Thu, 31 Aug 2023 | ฿1.1t | ฿241.9b | ฿31.2b | 29.8x | 35x | 4.5x |
| Sat, 29 Jul 2023 | ฿1.1t | ฿243.8b | ฿33.8b | 24.2x | 31.2x | 4.3x |
| Mon, 26 Jun 2023 | ฿1.1t | ฿241.8b | ฿33.5b | 25.9x | 31.5x | 4.4x |
| Wed, 24 May 2023 | ฿1.1t | ฿241.9b | ฿33.6b | 24.2x | 31.8x | 4.4x |
| Fri, 21 Apr 2023 | ฿1.1t | ฿250.4b | ฿38.8b | 21x | 28.9x | 4.5x |
| Sun, 19 Mar 2023 | ฿1.1t | ฿250.9b | ฿38.9b | 20.4x | 27.7x | 4.3x |
| Tue, 14 Feb 2023 | ฿1.1t | ฿257.0b | ฿45.3b | 20x | 24.2x | 4.3x |
| Thu, 12 Jan 2023 | ฿1.1t | ฿254.3b | ฿44.8b | 19.3x | 24.7x | 4.4x |
| Sat, 10 Dec 2022 | ฿1.0t | ฿254.0b | ฿44.9b | 18.7x | 23.4x | 4.1x |
| Mon, 07 Nov 2022 | ฿1.1t | ฿259.7b | ฿52.0b | 15.6x | 21.3x | 4.3x |
| Wed, 05 Oct 2022 | ฿1.1t | ฿259.7b | ฿52.0b | 15.9x | 20.9x | 4.2x |
| Fri, 02 Sep 2022 | ฿1.1t | ฿259.7b | ฿52.1b | 14.3x | 20.8x | 4.2x |
| Sun, 31 Jul 2022 | ฿1.0t | ฿245.9b | ฿48.2b | 14.1x | 21x | 4.1x |
| Tue, 28 Jun 2022 | ฿956.8b | ฿245.9b | ฿48.2b | 13.6x | 19.9x | 3.9x |
| Thu, 26 May 2022 | ฿997.1b | ฿245.8b | ฿48.1b | 14.8x | 20.7x | 4.1x |
| Sat, 23 Apr 2022 | ฿1.0t | ฿217.2b | ฿38.1b | 16.4x | 27.4x | 4.8x |
| Mon, 21 Mar 2022 | ฿969.9b | ฿217.2b | ฿38.1b | 14.3x | 25.5x | 4.5x |
| Wed, 16 Feb 2022 | ฿855.4b | ฿195.7b | ฿28.6b | 18.5x | 29.9x | 4.4x |
| Fri, 14 Jan 2022 | ฿850.4b | ฿195.7b | ฿28.6b | 20.6x | 29.8x | 4.3x |
| Sun, 12 Dec 2021 | ฿845.6b | ฿195.5b | ฿28.5b | 19.6x | 29.7x | 4.3x |
| Tue, 09 Nov 2021 | ฿822.2b | ฿168.0b | ฿16.8b | 29.6x | 48.9x | 4.9x |
| Thu, 07 Oct 2021 | ฿820.9b | ฿168.0b | ฿16.7b | 29.9x | 49x | 4.9x |
| Sat, 04 Sep 2021 | ฿838.3b | ฿167.8b | ฿16.7b | 33x | 50.3x | 5x |
| Mon, 02 Aug 2021 | ฿824.3b | ฿167.8b | ฿16.7b | 34.1x | 49.4x | 4.9x |
Price to Earnings Ratio
49.4x
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 29.8x.
- The 3-year average PS ratio of 4.3x is higher than the industry's current PS ratio of 3.8x.
Past Earnings Growth
- The earnings for companies in the Healthcare industry have grown 26% per year over the last three years.
- Revenues for these companies have grown 14% 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 | -2.56% | |
| Healthcare | -2.74% | |
| Healthcare Services | -2.81% | |
| Managed Healthcare | 0% | |
| Healthcare Facilities | -2.67% | |
| Healthcare Distributors | -6.34% | |
| Healthcare Services | -8.08% | |
Industry PE
- Investors are most optimistic about the Healthcare Facilities industry, which is trading close to its 3-year average PE ratio of 30.1x.
- Analysts are expecting annual earnings growth of 9.4%, which is higher than its past year's earnings decline of 2.0% 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 Services industry, expecting annual earnings growth of 19% over the next 5 years.
- This is better than its past earnings decline of 19% per year.
- In contrast, the Healthcare Facilities industry is expected to see its earnings grow by 9.4% 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 | |
|---|---|---|---|---|---|
| PHG Patrangsit Healthcare Group | ฿16.70 | 2.5% +฿120.0m | 29.5% | PE17.8x | |
| CMR Chiang Mai Ram Medical Business | ฿1.77 | 1.1% +฿81.4m | -26.3% | PE29.8x | |
| VIH Srivichaivejvivat | ฿10.50 | 1.0% +฿60.9m | 32.9% | PE20.1x | |
| BKGI Bangkok Genomics Innovation | ฿2.02 | 1.0% +฿12.0m | n/a | PE46.3x |