Bangkok Dusit Medical Services Valuation

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

BDMS-F (THB26.5) is trading below our estimate of [[fair value]] (THB30.93)

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

Below Fair Value: BDMS-F (THB26.5) is trading below our estimate of fair value (THB30.93)

Significantly Below Fair Value: BDMS-F is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BDMS-F?

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

The above table shows the Price to Earnings ratio for BDMS-F. This is calculated by dividing BDMS-F's market cap by their current earnings.
What is BDMS-F's PE Ratio?
PE Ratio	27x
Earnings	฿15.63b
Market Cap	฿421.14b

BDMS-F 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	4x
Enterprise Value/EBITDA	17x
PEG Ratio	3.5x

Price to Earnings Ratio vs Peers

How does BDMS-F's PE Ratio compare to its peers?

The above table shows the PE ratio for BDMS-F 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	24.8x
BH Bumrungrad Hospital	21.6x	3.5%	฿163.8b
VIBHA Vibhavadi Medical Center	27.4x	11.8%	฿28.0b
PR9 Praram 9 Hospital	28.9x	11.4%	฿20.1b
RAM Ramkhamhaeng Hospital	21.4x	15.3%	฿27.6b
BDMS-F Bangkok Dusit Medical Services	27x	7.8%	฿421.1b

Price-To-Earnings vs Peers: BDMS-F is expensive based on its Price-To-Earnings Ratio (27x) compared to the peer average (24.8x).

Price to Earnings Ratio vs Industry

How does BDMS-F'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: BDMS-F is expensive based on its Price-To-Earnings Ratio (27x) compared to the TH Healthcare industry average (22x).

Price to Earnings Ratio vs Fair Ratio

What is BDMS-F'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.

BDMS-F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	27x
Fair PE Ratio	31.4x

Price-To-Earnings vs Fair Ratio: BDMS-F is good value based on its Price-To-Earnings Ratio (27x) compared to the estimated Fair Price-To-Earnings Ratio (31.4x).

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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