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PRIN

Principal Capital SET:PRINC Stock Report

Last Price

฿6.85

Market Cap

฿26.1b

7D

-16.5%

1Y

54.3%

Updated

14 Aug, 2022

Data

Company Financials +
PRINC fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance3/6
Financial Health3/6
Dividends0/6

PRINC Stock Overview

Principal Capital Public Company Limited operates and manages private hospitals in Thailand.

Principal Capital Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Principal Capital
Historical stock prices
Current Share Price฿6.85
52 Week High฿8.55
52 Week Low฿4.12
Beta1.05
1 Month Change3.79%
3 Month Change45.13%
1 Year Change54.28%
3 Year Change60.05%
5 Year Change82.18%
Change since IPO58.38%

Recent News & Updates

Shareholder Returns

PRINCTH HealthcareTH Market
7D-16.5%2.7%1.3%
1Y54.3%25.1%8.0%

Return vs Industry: PRINC exceeded the TH Healthcare industry which returned 25.1% over the past year.

Return vs Market: PRINC exceeded the TH Market which returned 8% over the past year.

Price Volatility

Is PRINC's price volatile compared to industry and market?
PRINC volatility
PRINC Average Weekly Movement10.4%
Healthcare Industry Average Movement4.3%
Market Average Movement4.6%
10% most volatile stocks in TH Market10.2%
10% least volatile stocks in TH Market2.3%

Stable Share Price: PRINC is more volatile than 90% of TH stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: PRINC's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of TH stocks.

About the Company

FoundedEmployeesCEOWebsite
2000n/aTanee Maneenuthttps://www.principalcapital.co.th

Principal Capital Public Company Limited operates and manages private hospitals in Thailand. The company also engages in operating serviced apartments; office building rental; and property development and rental activities. In addition, it provides office building management services.

Principal Capital Fundamentals Summary

How do Principal Capital's earnings and revenue compare to its market cap?
PRINC fundamental statistics
Market Cap฿26.09b
Earnings (TTM)฿950.89m
Revenue (TTM)฿7.25b

27.4x

P/E Ratio

3.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PRINC income statement (TTM)
Revenue฿7.25b
Cost of Revenue฿4.71b
Gross Profit฿2.54b
Other Expenses฿1.59b
Earnings฿950.89m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.25
Gross Margin35.10%
Net Profit Margin13.11%
Debt/Equity Ratio38.9%

How did PRINC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

PRINC 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/Revenue4.3x
Enterprise Value/EBITDA17.5x
PEG Ratio5.4x

Price to Earnings Ratio vs Peers

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

PRINC PE Ratio vs Peers
The above table shows the PE ratio for PRINC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.1x
SKR Sikarin
14.8xn/a฿24.9b
CHG Chularat Hospital
8x-28.7%฿42.7b
BCH Bangkok Chain Hospital
6x-30.3%฿51.4b
RJH Rajthanee Hospital
7.6x-50.1%฿12.6b
PRINC Principal Capital
27.4x5.1%฿26.1b

Price-To-Earnings vs Peers: PRINC is expensive based on its Price-To-Earnings Ratio (27.4x) compared to the peer average (9.1x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: PRINC is expensive based on its Price-To-Earnings Ratio (27.4x) compared to the TH Healthcare industry average (14.8x)


Price to Earnings Ratio vs Fair Ratio

What is PRINC'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.

PRINC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.4x
Fair PE Ratio33.7x

Price-To-Earnings vs Fair Ratio: PRINC is good value based on its Price-To-Earnings Ratio (27.4x) compared to the estimated Fair Price-To-Earnings Ratio (33.7x).


Share Price vs Fair Value

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

Below Fair Value: PRINC (THB6.85) is trading above our estimate of fair value (THB2.08)

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


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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Future Growth

How is Principal Capital forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


5.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PRINC's forecast earnings growth (5.1% per year) is above the savings rate (2%).

Earnings vs Market: PRINC's earnings (5.1% per year) are forecast to grow slower than the TH market (18.4% per year).

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

Revenue vs Market: PRINC's revenue (7.8% per year) is forecast to grow slower than the TH market (9.6% per year).

High Growth Revenue: PRINC's revenue (7.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PRINC's Return on Equity is forecast to be low in 3 years time (8.8%).


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Past Performance

How has Principal Capital performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


29.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PRINC has high quality earnings.

Growing Profit Margin: PRINC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: PRINC has become profitable over the past 5 years, growing earnings by 29.1% per year.

Accelerating Growth: PRINC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PRINC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Healthcare industry (231.4%).


Return on Equity

High ROE: PRINC's Return on Equity (9.1%) is considered low.


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Financial Health

How is Principal Capital's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PRINC's short term assets (THB3.2B) exceed its short term liabilities (THB2.4B).

Long Term Liabilities: PRINC's short term assets (THB3.2B) do not cover its long term liabilities (THB4.3B).


Debt to Equity History and Analysis

Debt Level: PRINC's net debt to equity ratio (30.1%) is considered satisfactory.

Reducing Debt: PRINC's debt to equity ratio has increased from 10% to 38.9% over the past 5 years.

Debt Coverage: PRINC's debt is not well covered by operating cash flow (1.4%).

Interest Coverage: PRINC's interest payments on its debt are well covered by EBIT (8.8x coverage).


Balance Sheet


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Dividend

What is Principal Capital current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.46%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate PRINC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PRINC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PRINC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PRINC's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as PRINC has not reported any payouts.


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Management

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

1.9yrs

Average management tenure


CEO

Tanee Maneenut

0.58

Tenure

Mr. Tanee Maneenut is Executive Director of Principal Capital Public Company Limited from June 29, 2021 and serves as its Chief Executive Office and Chief Operating Officer since January 01, 2022.


Leadership Team

Experienced Management: PRINC's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: PRINC's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.


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

Principal Capital Public Company Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Principal Capital Public Company Limited
  • Ticker: PRINC
  • Exchange: SET
  • Founded: 2000
  • Industry: Health Care Facilities
  • Sector: Healthcare
  • Implied Market Cap: ฿26.089b
  • Shares outstanding: 3.81b
  • Website: https://www.principalcapital.co.th

Location

  • Principal Capital Public Company Limited
  • Bangkok Business Center Building
  • 23rd Floor
  • Bangkok
  • 10110
  • Thailand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/14 00:00
End of Day Share Price2022/08/11 00:00
Earnings2022/06/30
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.