Bangkok Chain Hospital Public Company Limited

SET:BCH Stock Report

Market Cap: ฿42.6b

Bangkok Chain Hospital Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

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 (THB17.1) is trading above our estimate of fair value (THB13.66)

Significantly Below Fair Value: BCH is trading above our estimate of fair value.


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/Revenue3.6x
Enterprise Value/EBITDA14.7x
PEG Ratio2.1x

Price to Earnings Ratio vs Peers

How does BCH's PE Ratio compare to its 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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.4x
RAM Ramkhamhaeng Hospital
23.2x10.7%฿33.3b
CHG Chularat Hospital
27.9x14.8%฿29.5b
VIBHA Vibhavadi Medical Center
47.8x35.6%฿29.7b
SKR Sikarin
22.7xn/a฿19.3b
BCH Bangkok Chain Hospital
29.1x13.8%฿42.6b

Price-To-Earnings vs Peers: BCH is good value based on its Price-To-Earnings Ratio (29.1x) compared to the peer average (30.4x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.2%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.2%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: BCH is expensive based on its Price-To-Earnings Ratio (29.1x) compared to the TH Healthcare industry average (23.2x).


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 Ratio29.1x
Fair PE Ratio25.7x

Price-To-Earnings vs Fair Ratio: BCH is expensive based on its Price-To-Earnings Ratio (29.1x) compared to the estimated Fair Price-To-Earnings Ratio (25.7x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BCH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current฿17.10
฿20.67
+20.9%
10.5%฿24.50฿15.50n/a13
Aug ’25฿17.00
฿22.66
+33.3%
9.1%฿25.00฿17.30n/a14
Jul ’25฿17.10
฿23.61
+38.1%
5.1%฿25.00฿20.50n/a14
Jun ’25฿18.90
฿23.70
+25.4%
5.4%฿25.00฿20.50n/a13
May ’25฿20.10
฿24.48
+21.8%
4.6%฿26.40฿22.50n/a13
Apr ’25฿20.60
฿24.63
+19.6%
5.0%฿26.40฿22.50n/a13
Mar ’25฿21.50
฿24.42
+13.6%
5.1%฿26.40฿22.50n/a12
Feb ’25฿22.60
฿24.65
+9.1%
5.9%฿27.50฿22.50n/a13
Jan ’25฿22.40
฿22.44
+0.2%
10.6%฿25.00฿17.30n/a14
Dec ’24฿21.30
฿22.36
+5.0%
10.4%฿25.00฿17.30n/a14
Nov ’24฿20.00
฿21.14
+5.7%
12.0%฿25.00฿15.70n/a14
Oct ’24฿19.70
฿20.96
+6.4%
12.1%฿25.00฿15.70n/a14
Sep ’24฿19.00
฿21.19
+11.5%
12.8%฿26.50฿15.70฿15.4015
Aug ’24฿17.80
฿21.31
+19.7%
15.1%฿26.50฿15.70฿17.0014
Jul ’24฿17.70
฿21.51
+21.5%
13.8%฿26.50฿17.30฿17.1014
Jun ’24฿18.30
฿21.36
+16.7%
13.6%฿26.50฿17.30฿18.9015
May ’24฿21.70
฿23.87
+10.0%
8.2%฿26.50฿20.00฿20.1015
Apr ’24฿20.40
฿22.81
+11.8%
10.8%฿26.50฿18.00฿20.6015
Mar ’24฿19.70
฿22.96
+16.5%
10.5%฿26.50฿18.00฿21.5015
Feb ’24฿21.60
฿22.44
+3.9%
12.9%฿26.50฿16.90฿22.6015
Jan ’24฿20.50
฿22.44
+9.5%
12.9%฿26.50฿16.90฿22.4015
Dec ’23฿20.10
฿22.85
+13.7%
13.2%฿27.50฿16.90฿21.3016
Nov ’23฿18.90
฿22.90
+21.2%
13.3%฿27.50฿16.90฿20.0016
Oct ’23฿17.80
฿23.04
+29.5%
14.5%฿28.50฿16.90฿19.7016
Sep ’23฿18.90
฿23.46
+24.1%
12.3%฿28.50฿18.00฿19.0016

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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