Rajthanee Hospital Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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 RJH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: RJH (THB22.6) is trading above our estimate of fair value (THB3.94)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for RJH. This is calculated by dividing RJH's market cap by their current earnings.
What is RJH's PE Ratio?
PE Ratio	12.4x
Earnings	฿546.94m
Market Cap	฿6.77b

RJH 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	3x
Enterprise Value/EBITDA	10.2x
PEG Ratio	19.3x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for RJH 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	18.7x
VIH Srivichaivejvivat	16.9x	3.6%	฿5.8b
TNH Thai Nakarin Hospital	15.1x	n/a	฿6.6b
CMR Chiang Mai Ram Medical Business	26.5x	n/a	฿7.2b
PHG Patrangsit Healthcare Group	16.1x	11.6%	฿4.7b
RJH Rajthanee Hospital	12.4x	0.6%	฿6.8b

Price-To-Earnings vs Peers: RJH is good value based on its Price-To-Earnings Ratio (12.4x) compared to the peer average (18.7x).

Price to Earnings Ratio vs Industry

How does RJH'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: RJH is good value based on its Price-To-Earnings Ratio (12.4x) compared to the TH Healthcare industry average (22x).

Price to Earnings Ratio vs Fair Ratio

What is RJH'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.

RJH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	12.4x
Fair PE Ratio	15.9x

Price-To-Earnings vs Fair Ratio: RJH is good value based on its Price-To-Earnings Ratio (12.4x) compared to the estimated Fair Price-To-Earnings Ratio (15.9x).

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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