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Thai (SET) Healthcare Services Industry Analysis

UpdatedMar 26, 2024
DataAggregated Company Financials
Companies39
  • 7D-1.9%
  • 3M0.9%
  • 1Y-7.2%
  • YTD-0.4%

In the last week, Healthcare Services has been flat. As for the longer term, the industry has declined 6.4% in the last year. Looking forward, earnings are forecast to grow by 9.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 Mar 2024฿990.7b฿241.0b฿32.2b25.8x30.7x4.1x
Thu, 22 Feb 2024฿1.0t฿235.0b฿31.2b26.5x32.3x4.3x
Sat, 20 Jan 2024฿1.0t฿247.8b฿33.3b28.1x31.1x4.2x
Mon, 18 Dec 2023฿985.2b฿247.8b฿33.3b26.9x29.6x4x
Wed, 15 Nov 2023฿999.7b฿247.6b฿33.5b28.5x29.8x4x
Fri, 13 Oct 2023฿1.1t฿242.2b฿31.4b29.8x34.1x4.4x
Sun, 10 Sep 2023฿1.1t฿241.9b฿31.2b30.4x34.4x4.4x
Tue, 08 Aug 2023฿1.0t฿243.8b฿33.8b24.6x31x4.3x
Thu, 06 Jul 2023฿1.0t฿241.8b฿33.5b25.1x31x4.3x
Sat, 03 Jun 2023฿1.1t฿241.8b฿33.6b26.7x31.9x4.4x
Mon, 01 May 2023฿1.1t฿252.4b฿39.7b20.2x27.8x4.4x
Wed, 29 Mar 2023฿1.1t฿250.5b฿38.9b20.7x28.3x4.4x
Fri, 24 Feb 2023฿1.1t฿258.9b฿46.0b19.6x24.2x4.3x
Sun, 22 Jan 2023฿1.1t฿255.8b฿45.0b19.2x24.3x4.3x
Tue, 20 Dec 2022฿1.0t฿253.9b฿44.8b18.4x23.3x4.1x
Thu, 17 Nov 2022฿1.1t฿257.5b฿47.8b17.6x23.3x4.3x
Sat, 15 Oct 2022฿1.1t฿259.7b฿52.0b15.7x20.9x4.2x
Mon, 12 Sep 2022฿1.1t฿259.7b฿52.1b14.9x21.3x4.3x
Wed, 10 Aug 2022฿1.0t฿246.1b฿48.2b14.1x21.2x4.1x
Fri, 08 Jul 2022฿1.0t฿245.9b฿48.2b14.7x21.2x4.2x
Sun, 05 Jun 2022฿981.1b฿245.8b฿48.1b15.1x20.4x4x
Tue, 03 May 2022฿965.5b฿218.7b฿38.7b15.2x25x4.4x
Thu, 31 Mar 2022฿949.9b฿217.2b฿38.1b14x25x4.4x
Sat, 26 Feb 2022฿879.8b฿204.0b฿29.9b18.7x29.4x4.3x
Mon, 24 Jan 2022฿831.3b฿195.7b฿28.6b19.7x29.1x4.2x
Wed, 22 Dec 2021฿850.2b฿195.7b฿28.6b19.9x29.8x4.3x
Fri, 19 Nov 2021฿877.3b฿195.5b฿28.5b20.2x30.8x4.5x
Sun, 17 Oct 2021฿834.3b฿168.0b฿16.7b29.7x49.8x5x
Tue, 14 Sep 2021฿811.0b฿168.0b฿16.7b35.6x48.4x4.8x
Thu, 12 Aug 2021฿822.7b฿167.8b฿16.7b32.6x49.3x4.9x
Mon, 07 Jun 2021฿769.1b฿154.2b฿11.9b38.7x64.5x5x
Price to Earnings Ratio

62.2x


Total Market Cap: ฿737.5bTotal Earnings: ฿11.9bTotal Revenue: ฿153.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Thai Healthcare Services Industry Price to Earnings3Y Average 33.2x202220232024
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 33.2x.
  • 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 40% per year over the last three years.
  • Revenues for these companies have grown 16% 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-0.99%
Healthcare-1.93%
Healthcare Services-1.92%
Healthcare Services0.67%
Managed Healthcare0%
Healthcare Distributors-0.41%
Healthcare Facilities-1.98%
Industry PE
  • Investors are most optimistic about the Healthcare Services industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 23.6%, which is higher than its past year's earnings growth of 20.9% per year.
  • 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 17.2x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Healthcare Facilities industry is expected to see its earnings grow by 9.6% 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
VIBHA Vibhavadi Medical Center฿2.084.0%
+฿1.1b
-22.4%PE32.6x
RAM Ramkhamhaeng Hospital฿30.500.8%
+฿300.0m
-43.0%PE23.6x
CHG Chularat Hospital฿2.920.7%
+฿220.0m
-19.3%PE30.7x
SAFE Safe Fertility Group฿21.303.4%
+฿212.8m
n/aPE35.8x
WPH Wattanapat Hospital Trang฿8.352.5%
+฿134.6m
116.2%PE60.5x
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Latest News

KLINIQ

฿39.50

Klinique Medical Clinic

7D

-4.2%

1Y

-1.9%

RAM

฿30.50

Ramkhamhaeng Hospital

7D

0.8%

1Y

-43.0%

VIH

฿7.30

Srivichaivejvivat

7D

-5.8%

1Y

-14.1%

TNH

฿36.00

Thai Nakarin Hospital

7D

0.7%

1Y

2.9%

MASTER

฿69.00

Master Style

7D

-4.5%

1Y

3.3%

PRINC

฿4.02

Principal Capital

7D

-1.5%

1Y

-28.8%

BIZ

฿3.38

Business Alignment

7D

2.4%

1Y

-16.3%

BH

฿225.00

Bumrungrad Hospital

7D

-3.0%

1Y

2.7%

WPH

฿8.35

Wattanapat Hospital Trang

7D

2.5%

1Y

116.2%

BCH

฿20.70

Bangkok Chain Hospital

7D

-5.9%

1Y

2.0%

PR9

฿18.70

Praram 9 Hospital

7D

-4.1%

1Y

-10.1%

VIBHA

฿2.08

Vibhavadi Medical Center

7D

4.0%

1Y

-22.4%

BDMS

฿28.50

Bangkok Dusit Medical Services

7D

-0.9%

1Y

-3.4%

LPH

฿4.76

Ladprao General Hospital

7D

1.3%

1Y

-14.2%

CHG

฿2.92

Chularat Hospital

7D

0.7%

1Y

-19.3%

SAFE

฿21.30

Safe Fertility Group

7D

3.4%

1Y

n/a