Financials Praram 9 Hospital

Equities

PR9

TH8794010000

Healthcare Facilities & Services

End-of-day quote Thailand S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
19.2 THB -1.54% Intraday chart for Praram 9 Hospital 0.00% +20.00%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,172 7,077 8,649 13,288 12,581 15,097 - -
Enterprise Value (EV) 1 6,172 7,077 8,649 11,731 12,581 12,931 12,627 12,431
P/E ratio 21.8 x 34.6 x 34.4 x 23.5 x 22.5 x 23.5 x 21 x 18.7 x
Yield 1.78% 1.22% 1.27% 1.72% - 2% 2.27% 2.83%
Capitalization / Revenue 2.17 x 2.72 x 2.9 x 3.24 x 2.99 x 3.23 x 3.01 x 2.79 x
EV / Revenue 2.17 x 2.72 x 2.9 x 2.86 x 2.99 x 2.77 x 2.52 x 2.3 x
EV / EBITDA 12.1 x 16.2 x 14.7 x 11.8 x 13.1 x 12 x 10.7 x 9.83 x
EV / FCF -18.3 x -22.4 x 25.8 x 15.9 x - 18.6 x 17.6 x 15.4 x
FCF Yield -5.47% -4.46% 3.88% 6.28% - 5.38% 5.69% 6.51%
Price to Book 1.53 x 1.72 x 2.02 x 2.81 x - 2.76 x 2.58 x 2.43 x
Nbr of stocks (in thousands) 786,300 786,300 786,300 786,300 786,300 786,300 - -
Reference price 2 7.850 9.000 11.00 16.90 16.00 19.20 19.20 19.20
Announcement Date 2/18/20 2/17/21 2/17/22 2/22/23 2/20/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 2,849 2,601 2,987 4,107 4,202 4,673 5,019 5,404
EBITDA 1 511.2 437.8 590.2 991.3 958 1,075 1,176 1,264
EBIT 1 347.6 224.8 296.5 648.7 608.3 751.9 846.8 943.2
Operating Margin 12.2% 8.64% 9.93% 15.79% 14.48% 16.09% 16.87% 17.46%
Earnings before Tax (EBT) 1 347.6 230.3 300.3 700.1 688.6 794.7 879.8 982
Net income 1 284.5 202.1 249.2 567.6 557.9 643.5 716.2 797.5
Net margin 9.99% 7.77% 8.34% 13.82% 13.28% 13.77% 14.27% 14.76%
EPS 2 0.3600 0.2600 0.3200 0.7200 0.7100 0.8161 0.9124 1.025
Free Cash Flow 1 -337.7 -315.8 335.6 736.3 - 696.1 718 808.7
FCF margin -11.85% -12.14% 11.24% 17.93% - 14.9% 14.3% 14.97%
FCF Conversion (EBITDA) - - 56.86% 74.28% - 64.75% 61.03% 63.98%
FCF Conversion (Net income) - - 134.7% 129.72% - 108.19% 100.25% 101.41%
Dividend per Share 2 0.1400 0.1100 0.1400 0.2900 - 0.3843 0.4366 0.5425
Announcement Date 2/18/20 2/17/21 2/17/22 2/22/23 2/20/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 1,174 750.6 935.5 979.1 969.9 1,940 1,064 1,103 967.9 1,005 1,066 1,175 1,070
EBITDA 1 - 164.1 217.4 258.1 - - - 242.3 190.9 206.5 229.7 296.6 249.5
EBIT 1 - 90.7 140.8 184.1 142.2 326.3 167.3 155.1 117.8 131.7 153.8 205 159.5
Operating Margin - 12.08% 15.05% 18.8% 14.66% 16.82% 15.72% 14.06% 12.18% 13.11% 14.43% 17.45% 14.91%
Earnings before Tax (EBT) 1 - 100.5 - 194.1 153.6 347.6 180.5 171.9 133.8 148.9 173 232.9 181
Net income 1 - 82.95 115.9 157 124.8 281.8 147 138.7 108.8 121 140 188 146
Net margin - 11.05% 12.39% 16.04% 12.86% 14.53% 13.82% 12.58% 11.24% 12.04% 13.14% 16.01% 13.64%
EPS 2 - 0.1100 - 0.2000 0.1600 0.3600 0.1900 0.1700 0.1400 0.1500 0.1800 0.2400 0.1850
Dividend per Share - - - - - - - - - - - - -
Announcement Date 8/11/20 11/12/21 2/17/22 5/13/22 8/11/22 8/11/22 11/10/22 2/22/23 5/15/23 8/11/23 11/10/23 2/20/24 -
1THB in Million2THB
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 - - - 1,557 - 2,166 2,470 2,666
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -338 -316 336 736 - 696 718 809
ROE (net income / shareholders' equity) 7.19% 5% 5.94% 12.6% - 12.2% 12.6% 13.3%
ROA (Net income/ Total Assets) 6.22% 4.2% 5.02% 10.6% - 10.8% 10.9% 11.5%
Assets 1 4,573 4,811 4,967 5,347 - 5,980 6,558 6,935
Book Value Per Share 2 5.140 5.230 5.440 6.020 - 6.950 7.450 7.910
Cash Flow per Share 2 - 0.5400 0.7500 1.140 - 1.230 1.300 1.430
Capex 1 828 740 252 156 - 338 353 344
Capex / Sales 29.06% 28.43% 8.45% 3.8% - 7.23% 7.02% 6.37%
Announcement Date 2/18/20 2/17/21 2/17/22 2/22/23 2/20/24 - - -
1THB in Million2THB
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
19.2 THB
Average target price
22.06 THB
Spread / Average Target
+14.88%
Consensus
  1. Stock Market
  2. Equities
  3. PR9 Stock
  4. Financials Praram 9 Hospital