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

TNH-R is good value based on its Price-To-Earnings Ratio (16x) compared to the peer average (20x).

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

TNH-R is good value based on its Price-To-Earnings Ratio (16x) compared to the TH Healthcare industry average (21.9x).

What is TNH-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.

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

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

TNH-R (THB37) is trading above our estimate of [[fair value]] (THB24.64)

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

Insufficient data to show price forecast.

TNH-R Stock Overview

Together with its subsidiaries engages in the hospital business in Thailand. More details

TNH-R fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	2/6
Financial Health	6/6
Dividends	3/6

Rewards

Price-To-Earnings ratio (16x) is below the Healthcare industry average (21.9x)

Earnings have grown 10% per year over the past 5 years

Risk Analysis

No risks detected for TNH-R from our risk checks.

My Notes

Capture your thoughts, links and company narrative

Thai Nakarin Hospital Public Company Limited Competitors

Chiang Mai Ram Medical Business

SET:CMR

฿7.1b

Ekachai Medical Care

SET:EKH

฿4.8b

Patrangsit Healthcare Group

SET:PHG

฿4.6b

Wattanapat Hospital Trang

SET:WPH

฿5.9b

Price History & Performance

Summary of share price highs, lows and changes for Thai Nakarin Hospital
Historical stock prices
Current Share Price	฿37.00
52 Week High	฿39.00
52 Week Low	฿34.25
Beta	0.36
1 Month Change	-1.33%
3 Month Change	2.07%
1 Year Change	-1.33%
3 Year Change	7.25%
5 Year Change	14.73%
Change since IPO	1,978.65%

Recent updates

Shareholder Returns

	TNH-R	TH Healthcare	TH Market
7D	2.8%	1.0%	-1.3%
1Y	-1.3%	-15.8%	-4.4%

Return vs Industry: TNH-R exceeded the TH Healthcare industry which returned -15.8% over the past year.

Return vs Market: TNH-R exceeded the TH Market which returned -4.4% over the past year.

Price Volatility

Is TNH-R's price volatile compared to industry and market?
TNH-R volatility
TNH-R Average Weekly Movement	2.1%
Healthcare Industry Average Movement	4.1%
Market Average Movement	4.3%
10% most volatile stocks in TH Market	8.7%
10% least volatile stocks in TH Market	2.1%

Stable Share Price: TNH-R has not had significant price volatility in the past 3 months compared to the TH market.

Volatility Over Time: TNH-R's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1993	n/a	Thiti Sihanatkathakul	www.thainakarin.co.th

Thai Nakarin Hospital Public Company Limited, together with its subsidiaries engages in the hospital business in Thailand. The company offers medical services in the areas of heart, bone and joint, holistic oncology, hemodialysis, hepato-biliary and pancreas, mental health clinics, and traditional chinese medical clinic, as well as operates dental, check up center, gastrointestinal, skin and laser, urology clinics, lasik center, rehabilitation, breast care, diabetes and endocrinology clinic, eye, emergency, X-ray ,surgery, obstetrics and gynecology ear, nose, and throat, medicine, nursery, pediatrics, brain, and neurology center. It also engages in health establishment and hotel business.

Thai Nakarin Hospital Public Company Limited Fundamentals Summary

How do Thai Nakarin Hospital's earnings and revenue compare to its market cap?
TNH-R fundamental statistics
Market cap	฿6.66b
Earnings (TTM)	฿416.72m
Revenue (TTM)	฿2.74b

16.0x

P/E Ratio

2.4x

P/S Ratio

Is TNH-R overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TNH-R income statement (TTM)
Revenue	฿2.74b
Cost of Revenue	฿1.98b
Gross Profit	฿757.71m
Other Expenses	฿340.99m
Earnings	฿416.72m

Last Reported Earnings

Oct 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	2.32
Gross Margin	27.70%
Net Profit Margin	15.24%
Debt/Equity Ratio	0%

How did TNH-R perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

26%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/03 18:14
End of Day Share Price	2025/01/03 00:00
Earnings	2024/10/31
Annual Earnings	2024/07/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Thai Nakarin Hospital Public Company Limited is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Wilasinee Boonmasungsong	Globlex Securities Co. Ltd.
Thakol Banjongruck	Krungsri Securities Public Company Limited
Vikran Lumyai	RHB Investment Bank