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BCH

Bangkok Chain Hospital SET:BCH Stock Report

Last Price

฿19.30

Market Cap

฿48.1b

7D

2.7%

1Y

-18.2%

Updated

04 Jul, 2022

Data

Company Financials +
BCH fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance6/6
Financial Health6/6
Dividends5/6

BCH Stock Overview

Bangkok Chain Hospital Public Company Limited, together with its subsidiaries, operates a chain of hospitals in Thailand.

Bangkok Chain Hospital Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Bangkok Chain Hospital
Historical stock prices
Current Share Price฿19.30
52 Week High฿26.75
52 Week Low฿17.70
Beta0.49
1 Month Change-3.02%
3 Month Change-6.76%
1 Year Change-18.22%
3 Year Change19.88%
5 Year Change45.11%
Change since IPO1,364.24%

Recent News & Updates

Shareholder Returns

BCHTH HealthcareTH Market
7D2.7%1.8%-1.3%
1Y-18.2%16.2%0.1%

Return vs Industry: BCH underperformed the TH Healthcare industry which returned 16.8% over the past year.

Return vs Market: BCH underperformed the TH Market which returned 1% over the past year.

Price Volatility

Is BCH's price volatile compared to industry and market?
BCH volatility
BCH Average Weekly Movement4.5%
Healthcare Industry Average Movement5.4%
Market Average Movement5.1%
10% most volatile stocks in TH Market10.8%
10% least volatile stocks in TH Market2.6%

Stable Share Price: BCH is not significantly more volatile than the rest of TH stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: BCH's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1984n/aChalerm Harnphanichhttps://www.bangkokchainhospital.com

Bangkok Chain Hospital Public Company Limited, together with its subsidiaries, operates a chain of hospitals in Thailand. It operates thirteen chained hospital branches and one polyclinic. The company also offers tertiary care and diagnosis services; and consulting, operating management, and asset management and procurement services, as well as rents properties.

Bangkok Chain Hospital Fundamentals Summary

How do Bangkok Chain Hospital's earnings and revenue compare to its market cap?
BCH fundamental statistics
Market Cap฿48.13b
Earnings (TTM)฿8.55b
Revenue (TTM)฿26.26b

5.6x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BCH income statement (TTM)
Revenue฿26.26b
Cost of Revenue฿12.83b
Gross Profit฿13.43b
Other Expenses฿4.88b
Earnings฿8.55b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.43
Gross Margin51.14%
Net Profit Margin32.56%
Debt/Equity Ratio39.2%

How did BCH perform over the long term?

See historical performance and comparison

Dividends

10.4%

Current Dividend Yield

35%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is BCH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BCH?

Other financial metrics that can be useful for relative valuation.

BCH key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2x
Enterprise Value/EBITDA4.1x
PEG Ratio-0.2x

Price to Earnings Ratio vs Peers

How does BCH's PE Ratio compare to its peers?

BCH PE Ratio vs Peers
The above table shows the PE ratio for BCH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average21.5x
CHG Chularat Hospital
7.9x-27.5%฿41.8b
RAM Ramkhamhaeng Hospital
13.3x-23.2%฿60.6b
THG Thonburi Healthcare Group
25.2x-33.6%฿52.3b
PRINC Principal Capital
39.7xn/a฿26.3b
BCH Bangkok Chain Hospital
5.6x-30.1%฿48.1b

Price-To-Earnings vs Peers: BCH is good value based on its Price-To-Earnings Ratio (5.6x) compared to the peer average (21.5x).


Price to Earnings Ratio vs Industry

How does BCH's PE Ratio compare vs other companies in the TH Healthcare Industry?

Price-To-Earnings vs Industry: BCH is good value based on its Price-To-Earnings Ratio (5.6x) compared to the TH Healthcare industry average (13.4x)


Price to Earnings Ratio vs Fair Ratio

What is BCH's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BCH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.6x
Fair PE Ratio14.8x

Price-To-Earnings vs Fair Ratio: BCH is good value based on its Price-To-Earnings Ratio (5.6x) compared to the estimated Fair Price-To-Earnings Ratio (14.8x).


Share Price vs Fair Value

What is the Fair Price of BCH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BCH (THB19.3) is trading below our estimate of fair value (THB40.43)

Significantly Below Fair Value: BCH is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: BCH's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


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Future Growth

How is Bangkok Chain Hospital forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-30.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BCH's earnings are forecast to decline over the next 3 years (-30.1% per year).

Earnings vs Market: BCH's earnings are forecast to decline over the next 3 years (-30.1% per year).

High Growth Earnings: BCH's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BCH's revenue is expected to decline over the next 3 years (-14.9% per year).

High Growth Revenue: BCH's revenue is forecast to decline over the next 3 years (-14.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BCH's Return on Equity is forecast to be low in 3 years time (10.2%).


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Past Performance

How has Bangkok Chain Hospital performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


47.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BCH has high quality earnings.

Growing Profit Margin: BCH's current net profit margins (32.6%) are higher than last year (14.1%).


Past Earnings Growth Analysis

Earnings Trend: BCH's earnings have grown significantly by 47.5% per year over the past 5 years.

Accelerating Growth: BCH's earnings growth over the past year (560.8%) exceeds its 5-year average (47.5% per year).

Earnings vs Industry: BCH earnings growth over the past year (560.8%) exceeded the Healthcare industry 272.6%.


Return on Equity

High ROE: BCH's Return on Equity (56.5%) is considered outstanding.


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Financial Health

How is Bangkok Chain Hospital's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BCH's short term assets (THB15.7B) exceed its short term liabilities (THB9.2B).

Long Term Liabilities: BCH's short term assets (THB15.7B) exceed its long term liabilities (THB3.1B).


Debt to Equity History and Analysis

Debt Level: BCH's net debt to equity ratio (13.8%) is considered satisfactory.

Reducing Debt: BCH's debt to equity ratio has reduced from 75.4% to 39.2% over the past 5 years.

Debt Coverage: BCH's debt is well covered by operating cash flow (112.3%).

Interest Coverage: BCH's interest payments on its debt are well covered by EBIT (69.9x coverage).


Balance Sheet


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Dividend

What is Bangkok Chain Hospital current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


10.36%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BCH's dividend (10.36%) is higher than the bottom 25% of dividend payers in the TH market (1.79%).

High Dividend: BCH's dividend (10.36%) is in the top 25% of dividend payers in the TH market (5.4%)


Stability and Growth of Payments

Stable Dividend: BCH's dividend payments have been volatile in the past 10 years.

Growing Dividend: BCH's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (35%), BCH's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (81.3%), BCH's dividend payments are covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

6.4yrs

Average management tenure


CEO

Chalerm Harnphanich (68 yo)

29.5yrs

Tenure

฿1,151,200

Compensation

Prof. Dr. Chalerm Harnphanich, M.D., Ph.D. has been the Chief Executive Officer at Bangkok Chain Hospital Public Company Limited since 1993. He serves as the Chairman of the Board at Bangkok Chain Hospital...


Leadership Team

Experienced Management: BCH's management team is seasoned and experienced (6.4 years average tenure).


Board Members

Experienced Board: BCH's board of directors are considered experienced (9.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Bangkok Chain Hospital Public Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Bangkok Chain Hospital Public Company Limited
  • Ticker: BCH
  • Exchange: SET
  • Founded: 1984
  • Industry: Health Care Facilities
  • Sector: Healthcare
  • Implied Market Cap: ฿48.129b
  • Shares outstanding: 2.49b
  • Website: https://www.bangkokchainhospital.com

Location

  • Bangkok Chain Hospital Public Company Limited
  • 44 Moo 4, Chaengwattana Road
  • 17th Floor
  • Nonthaburi
  • 11120
  • Thailand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/04 00:00
End of Day Share Price2022/07/04 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.