Thonburi Medical Centre Valuation

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

KDH-R (THB95.75) is trading above our estimate of [[fair value]] (THB37.61)

Is KDH-R 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 KDH-R when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KDH-R (THB95.75) is trading above our estimate of fair value (THB37.61)

Significantly Below Fair Value: KDH-R is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KDH-R?

Key metric: As KDH-R is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KDH-R. This is calculated by dividing KDH-R's market cap by their current earnings.
What is KDH-R's PE Ratio?
PE Ratio	13.4x
Earnings	฿138.50m
Market Cap	฿1.86b

KDH-R 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/Revenue	1.2x
Enterprise Value/EBITDA	6.2x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does KDH-R's PE Ratio compare to its peers?

The above table shows the PE ratio for KDH-R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	22.9x
AHC Aikchol Hospital	13.8x	n/a	฿2.3b
TRP Aesthetic Connect	20.3x	22.1%	฿3.1b
LPH Ladprao General Hospital	44.4x	n/a	฿3.1b
NTV Nonthavej Hospital	13x	n/a	฿5.0b
KDH-R Thonburi Medical Centre	13.4x	n/a	฿1.9b

Price-To-Earnings vs Peers: KDH-R is good value based on its Price-To-Earnings Ratio (13.4x) compared to the peer average (22.9x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap

No more companies available in this PE range

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: KDH-R is good value based on its Price-To-Earnings Ratio (13.4x) compared to the TH Healthcare industry average (21.5x).

Price to Earnings Ratio vs Fair Ratio

What is KDH-R'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.

KDH-R PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	13.4x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate KDH-R's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.

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