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Thai (SET) Healthcare Services Industry Analysis

UpdatedJun 06, 2023
DataAggregated Company Financials
Companies36
  • 7D0.3%
  • 3M-1.2%
  • 1Y6.1%
  • YTD-2.4%

The Healthcare Services is pretty flat in the last 7 days, but Bumrungrad Hospital has stood out, gaining 3.1%. The past year has been better, since the industry has gained 6.1% in that time. As for the next few years, earnings are expected to grow by 8.9% per annum.

Industry Valuation and Performance

Has the Thai Healthcare Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 Jun 2023฿1.1t฿241.8b฿33.6b26.7x31.9x4.4x
Fri, 05 May 2023฿1.1t฿252.4b฿39.7b19.9x28x4.4x
Sun, 02 Apr 2023฿1.1t฿250.4b฿38.8b20.4x28.4x4.4x
Tue, 28 Feb 2023฿1.1t฿261.8b฿46.5b19.6x23.4x4.1x
Thu, 26 Jan 2023฿1.1t฿256.5b฿45.2b19.1x24.2x4.3x
Sat, 24 Dec 2022฿1.0t฿254.3b฿44.8b18.6x23.3x4.1x
Mon, 21 Nov 2022฿1.1t฿254.1b฿44.9b18.8x24x4.2x
Wed, 19 Oct 2022฿1.1t฿259.7b฿52.0b15.8x20.9x4.2x
Fri, 16 Sep 2022฿1.1t฿259.7b฿52.1b14.5x21.1x4.2x
Sun, 14 Aug 2022฿1.1t฿254.3b฿51.0b14.8x20.6x4.1x
Tue, 12 Jul 2022฿1.0t฿245.9b฿48.2b13.6x20.8x4.1x
Thu, 09 Jun 2022฿958.4b฿245.8b฿48.1b15x19.9x3.9x
Sat, 07 May 2022฿939.0b฿220.7b฿38.8b14.7x24.2x4.3x
Mon, 04 Apr 2022฿954.8b฿217.2b฿38.1b14.1x25.1x4.4x
Wed, 02 Mar 2022฿892.1b฿210.3b฿33.2b18.3x26.9x4.2x
Fri, 28 Jan 2022฿832.0b฿195.7b฿28.6b19x29.1x4.3x
Sun, 26 Dec 2021฿851.6b฿195.7b฿28.6b20.5x29.8x4.4x
Tue, 23 Nov 2021฿868.1b฿195.5b฿28.5b20.1x30.5x4.4x
Thu, 21 Oct 2021฿846.0b฿168.0b฿16.7b31.3x50.5x5x
Sat, 18 Sep 2021฿831.8b฿167.8b฿16.7b36.6x49.9x5x
Mon, 16 Aug 2021฿831.7b฿167.8b฿16.7b33.5x49.9x5x
Mon, 31 May 2021฿769.1b฿154.2b฿11.9b38.7x64.5x5x
Thu, 04 Mar 2021฿691.5b฿159.3b฿14.9b34.2x46.5x4.3x
Sun, 06 Dec 2020฿703.2b฿163.5b฿15.7b35.7x44.7x4.3x
Wed, 09 Sep 2020฿676.1b฿172.2b฿19.4b30.6x34.9x3.9x
Price to Earnings Ratio

36.6x


Total Market Cap: ฿708.5bTotal Earnings: ฿19.4bTotal Revenue: ฿172.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Healthcare Services Industry Price to Earnings3Y Average 35.5x202120222023
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 31.9x which is lower than its 3-year average PE of 35.5x.
  • The industry is trading close to its 3-year average PS ratio of 4.4x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 20% per year over the last three years.
  • Revenues for these companies have grown 12% 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-0.74%
Healthcare0.41%
Healthcare Services0.34%
Healthcare Facilities0.40%
Managed Healthcare0%
Healthcare Services-1.40%
Healthcare Distributors-3.73%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Healthcare Distributors industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 17.4x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Distributors industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 62% 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?

CompanyLast Price7D1YValuation
BH Bumrungrad Hospital฿234.003.1%
+฿5.6b
33.7%PE32.1x
BDMS Bangkok Dusit Medical Services฿28.750.9%
+฿4.0b
15.0%PE36.2x
MASTER Master Style฿85.506.9%
+฿1.3b
n/aPE64.6x
NEW Wattana Karnpaet฿189.0085.3%
+฿870.0m
209.8%PE22.8x
THG Thonburi Healthcare Group฿69.501.5%
+฿847.5m
21.4%PE45.8x
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Latest News

CHG

฿3.14

Chularat Hospital

7D

-3.1%

1Y

-16.9%

PRINC

฿4.48

Principal Capital

7D

-2.6%

1Y

-20.0%

NEW

฿189.00

Wattana Karnpaet

7D

85.3%

1Y

209.8%

THG

฿69.50

Thonburi Healthcare Group

7D

1.5%

1Y

21.4%

M-CHAI

฿666.00

Mahachai Hospital

7D

5.7%

1Y

114.8%

KLINIQ

฿39.50

Klinique Medical Clinic

7D

1.3%

1Y

n/a

PR9

฿17.70

Praram 9 Hospital

7D

-1.7%

1Y

22.9%

CMR

฿2.46

Chiang Mai Ram Medical Business

7D

-0.8%

1Y

-6.8%

D

฿6.70

Dental Corporation

7D

-6.3%

1Y

35.6%

BCH

฿18.40

Bangkok Chain Hospital

7D

-2.6%

1Y

-4.7%

MASTER

฿85.50

Master Style

7D

6.9%

1Y

n/a

RAM

฿46.25

Ramkhamhaeng Hospital

7D

-4.1%

1Y

-11.1%

BIZ

฿3.46

Business Alignment

7D

-4.4%

1Y

-30.5%

RJH

฿29.00

Rajthanee Hospital

7D

0.9%

1Y

-14.7%

BH

฿234.00

Bumrungrad Hospital

7D

3.1%

1Y

33.7%

BDMS

฿28.75

Bangkok Dusit Medical Services

7D

0.9%

1Y

15.0%