RAFL.F Stock Overview

Provides integrated private healthcare services primarily in Singapore, Greater China, Vietnam, Cambodia, and Japan. More details

RAFL.F fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	2/6
Financial Health	6/6
Dividends	4/6

Rewards

Trading at 41% below our estimate of its fair value

Earnings are forecast to grow 9.58% per year

Risk Analysis

Shares are highly illiquid

Profit margins (8.3%) are lower than last year (12.7%)

Unstable dividend track record

Community vs My Fair Value

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Raffles Medical Group Ltd Competitors

PACS Group

NYSE:PACS

US$1.6b

National HealthCare

NYSEAM:NHC

US$1.5b

Ardent Health Partners

NYSE:ARDT

US$1.9b

U.S. Physical Therapy

NYSE:USPH

US$1.1b

Price History & Performance

Summary of share price highs, lows and changes for Raffles Medical Group
Historical stock prices
Current Share Price	S$0.60
52 Week High	S$0.74
52 Week Low	S$0.60
Beta	0.38
1 Month Change	0%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	-18.37%
Change since IPO	407.04%

Recent updates

Shareholder Returns

	RAFL.F	US Healthcare	US Market
7D	0%	-0.4%	2.2%
1Y	n/a	-9.6%	8.2%

Return vs Industry: Insufficient data to determine how RAFL.F performed against the US Healthcare industry.

Return vs Market: Insufficient data to determine how RAFL.F performed against the US Market.

Price Volatility

Is RAFL.F's price volatile compared to industry and market?
RAFL.F volatility
RAFL.F Average Weekly Movement	n/a
Healthcare Industry Average Movement	7.7%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.2%
10% least volatile stocks in US Market	4.1%

Stable Share Price: RAFL.F's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: Insufficient data to determine RAFL.F's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1976	2,989	Choon Yong Loo	www.rafflesmedicalgroup.com

Raffles Medical Group Ltd provides integrated private healthcare services primarily in Singapore, Greater China, Vietnam, Cambodia, and Japan. The company operates through four segments: Healthcare Services, Hospital Services, Investment Holdings, and Insurance Services. Its Raffles Hospital, a tertiary care hospital that offers 24-hour acute and critical care, family medicine services, health screening, and a range of multi-disciplinary specialist clinics; appointed wards, day surgery, angiography suites, delivery suites, operating theatres, intensive care unit, and neonatal intensive care unit; and radiology, clinical laboratory, pharmacy, dietetics, rehabilitation, and traditional Chinese medicine, as well as dental services and emergency services.

Raffles Medical Group Ltd Fundamentals Summary

How do Raffles Medical Group's earnings and revenue compare to its market cap?
RAFL.F fundamental statistics
Market cap	US$1.34b
Earnings (TTM)	US$47.34m
Revenue (TTM)	US$572.26m

28.4x

P/E Ratio

2.3x

P/S Ratio

Is RAFL.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RAFL.F income statement (TTM)
Revenue	S$752.41m
Cost of Revenue	S$413.39m
Gross Profit	S$339.02m
Other Expenses	S$276.78m
Earnings	S$62.24m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.034
Gross Margin	45.06%
Net Profit Margin	8.27%
Debt/Equity Ratio	5.7%

How did RAFL.F perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

75%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/15 01:00
End of Day Share Price	2025/01/16 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

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.

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 Github.

Analyst Sources

Raffles Medical Group Ltd is covered by 21 analysts. 7 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
David Mak	CGS International
Patrick Yau	Citigroup Inc
null null	CLSA