Praram 9 Hospital Future Growth

Future criteria checks 2/6

Praram 9 Hospital is forecast to grow earnings and revenue by 12% and 9.1% per annum respectively. EPS is expected to grow by 12% per annum. Return on equity is forecast to be 13.5% in 3 years.

Key information

12.0%

Earnings growth rate

12.0%

EPS growth rate

Healthcare earnings growth	10.6%
Revenue growth rate	9.1%
Future return on equity	13.5%
Analyst coverage	Good
Last updated	31 Oct 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

SET:PR9 - Analysts future estimates and past financials data (THB Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	5,607	846	861	1,201	4
12/31/2025	5,124	756	749	1,087	7
12/31/2024	4,709	673	746	1,029	7
6/30/2024	4,447	626	668	907	N/A
3/31/2024	4,365	608	553	880	N/A
12/31/2023	4,253	558	497	804	N/A
9/30/2023	4,178	509	535	828	N/A
6/30/2023	4,175	516	520	782	N/A
3/31/2023	4,139	519	674	845	N/A
12/31/2022	4,150	568	730	893	N/A
9/30/2022	3,980	545	675	897	N/A
6/30/2022	3,665	481	637	885	N/A
3/31/2022	3,327	368	438	710	N/A
12/31/2021	3,026	249	336	588	N/A
9/30/2021	2,826	214	261	496	N/A
6/30/2021	2,767	204	205	498	N/A
3/31/2021	2,646	203	-54	434	N/A
12/31/2020	2,633	202	-316	424	N/A
9/30/2020	2,637	195	-478	384	N/A
6/30/2020	2,686	211	-608	359	N/A
3/31/2020	2,841	236	-523	444	N/A
12/31/2019	2,876	284	-349	490	N/A
9/30/2019	2,842	178	-616	520	N/A
6/30/2019	2,809	176	-510	511	N/A
3/31/2019	2,774	191	-366	514	N/A
12/31/2018	2,727	157	-337	480	N/A
9/30/2018	2,689	274	6	428	N/A
6/30/2018	2,620	268	-22	451	N/A
3/31/2018	2,543	266	N/A	456	N/A
12/31/2017	2,455	262	N/A	440	N/A
12/31/2016	2,259	267	N/A	N/A	N/A
12/31/2015	1,982	194	N/A	N/A	N/A
12/31/2014	1,794	162	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PR9's forecast earnings growth (12% per year) is above the savings rate (2%).

Earnings vs Market: PR9's earnings (12% per year) are forecast to grow slower than the TH market (15.3% per year).

High Growth Earnings: PR9's earnings are forecast to grow, but not significantly.

Revenue vs Market: PR9's revenue (9.1% per year) is forecast to grow faster than the TH market (6.4% per year).

High Growth Revenue: PR9's revenue (9.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: PR9's Return on Equity is forecast to be low in 3 years time (13.5%).

Praram 9 Hospital Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target decreased by 7.1% to ฿19.67

Price target increased to ฿18.17

Consensus EPS estimates increase by 35%

Price target increased to ฿15.40

Consensus EPS estimates increase by 22%

Consensus EPS estimates fall to ฿0.17

Recent updates

Second quarter 2024 earnings: EPS misses analyst expectations

First quarter 2024 earnings released: EPS: ฿0.20 (vs ฿0.14 in 1Q 2023)

Upcoming dividend of ฿0.30 per share

Praram 9 Hospital Public Company Limited Announces Chief Finance Officer Changes

Praram 9 Hospital Public Company Limited Announces Chief Finance Officer Changes

Dividend increased to ฿0.30

Praram 9 Hospital Public Company Limited Proposes Cash Dividend for 2023 , Payable on May 20, 2024

Full year 2023 earnings: EPS exceeds analyst expectations

Praram 9 Hospital Public Company Limited, Annual General Meeting, Apr 23, 2024

Investor sentiment improves as stock rises 17%

Price target decreased by 7.1% to ฿19.67

Third quarter 2023 earnings: Revenues and EPS in line with analyst expectations

Now 21% undervalued after recent price drop

Now 20% undervalued

Second quarter 2023 earnings: EPS in line with expectations, revenues disappoint

First quarter 2023 earnings released: EPS: ฿0.14 (vs ฿0.20 in 1Q 2022)

Upcoming dividend of ฿0.29 per share at 1.5% yield

Now 21% undervalued after recent price drop

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Now 22% undervalued after recent price drop

Less than half of directors are independent

Price target increased to ฿18.17

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Consensus EPS estimates increase by 35%

Investor sentiment improved over the past week

Price target increased to ฿15.40

First quarter 2022 earnings: EPS exceeds analyst expectations

Consensus EPS estimates increase by 22%

Upcoming dividend of ฿0.14 per share

Less than half of directors are independent

Praram 9 Hospital Public Company Limited Announces Termination of Paphada Kladkhemphet as Chief Accountant

Praram 9 Hospital Public Company Limited Proposes Dividend for the Year 2021, Payable on May 19, 2022

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Now 20% undervalued after recent price drop

Third quarter 2021 earnings released

Second quarter 2021 earnings released: EPS ฿0.015 (vs ฿0.014 in 2Q 2020)

Consensus EPS estimates fall to ฿0.17

Consensus EPS estimates fall to ฿0.27

First quarter 2021 earnings released: EPS ฿0.049 (vs ฿0.047 in 1Q 2020)

Upcoming dividend of ฿0.11 per share

Analysts lower EPS estimates to ฿0.33

Full year 2020 earnings released: EPS ฿0.26 (vs ฿0.36 in FY 2019)

Revenue and earnings beat expectations

Praram 9 Hospital Public Company Limited, Annual General Meeting, Apr 23, 2021

New 90-day high: ฿10.10

Analysts update estimates

Price target raised to ฿9.20

Revenue and earnings beat expectations

Third quarter 2020 earnings released: EPS ฿0.092

New 90-day high: ฿8.65

Market bids up stock over the past week

New 90-day high: ฿7.75

New 90-day high: ฿7.00

First half earnings released

New 90-day low - ฿6.50

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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