Thonburi Healthcare Group Future Growth

Future criteria checks 2/6

Thonburi Healthcare Group is forecast to grow earnings and revenue by 13.9% and 8.7% per annum respectively while EPS is expected to grow by 14% per annum.

Key information

13.9%

Earnings growth rate

14.0%

EPS growth rate

Healthcare earnings growth	10.0%
Revenue growth rate	8.7%
Future return on equity	n/a
Analyst coverage	Low
Last updated	15 Aug 2023

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

THAMSE:THG-F - Analysts future estimates and past financials data (THB Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	13,103	1,488	1,622	2,999	3
12/31/2024	12,108	1,321	1,398	2,686	3
12/31/2023	11,571	1,229	1,620	2,965	2
6/30/2023	10,359	1,016	775	2,114	N/A
3/31/2023	10,518	1,286	926	2,241	N/A
12/31/2022	11,540	1,602	1,226	2,495	N/A
9/30/2022	12,672	1,999	1,475	2,710	N/A
6/30/2022	13,579	2,393	1,741	2,595	N/A
3/31/2022	12,811	2,079	1,422	2,266	N/A
12/31/2021	10,847	1,337	1,305	2,034	N/A
9/30/2021	9,215	733	418	1,209	N/A
6/30/2021	7,267	-25	-10	1,070	N/A
3/31/2021	6,941	-235	-34	1,057	N/A
12/31/2020	7,315	62	-1,144	441	N/A
9/30/2020	7,549	114	-1,325	260	N/A
6/30/2020	7,872	187	-1,788	-27	N/A
3/31/2020	8,300	537	-2,004	-151	N/A
12/31/2019	8,232	462	-2,408	-171	N/A
9/30/2019	7,999	401	-2,424	-248	N/A
6/30/2019	7,617	350	-2,609	-443	N/A
3/31/2019	7,283	198	-2,554	-351	N/A
12/31/2018	7,094	348	-1,496	-177	N/A
9/30/2018	6,949	484	-999	103	N/A
6/30/2018	6,839	559	-317	545	N/A
3/31/2018	6,742	617	-59	667	N/A
12/31/2017	6,612	554	4	713	N/A
9/30/2017	6,442	502	-186	678	N/A
12/31/2016	6,229	511	N/A	829	N/A
12/31/2015	5,787	552	N/A	588	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: THG-F's forecast earnings growth (13.9% per year) is above the savings rate (1.9%).

Earnings vs Market: THG-F's earnings (13.9% per year) are forecast to grow slower than the TH market (18.8% per year).

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

Revenue vs Market: THG-F's revenue (8.7% per year) is forecast to grow faster than the TH market (5.3% per year).

High Growth Revenue: THG-F's revenue (8.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if THG-F's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/10/09 19:32
End of Day Share Price	2023/07/12 00:00
Earnings	2023/06/30
Annual Earnings	2022/12/31

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

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Industry and Sector Metrics

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Analyst Sources

Thonburi Healthcare Group Public Company Limited is covered by 5 analysts. 3 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
Teerapol Udomvej	FSS International Advisory
Mintra Rattayapas	Krungsri Securities Public Company Limited
Siriporn Arunothai	Thanachart Securities Plc