Financials PT Siloam International Hospitals Tbk

Equities

End-of-day quote INDONESIA S.E. Other stock markets 06:00:00 2024-05-02 pm EDT			5-day change	1st Jan Change
2,510 ^IDR	-0.40%		+9.61%	+15.14%

Apr. 25	PT Siloam International Hospitals Tbk Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
Mar. 25	PT Siloam International Hospitals Tbk Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	11,299,071	8,935,473	13,855,190	16,314,920	28,271,704	32,596,873	-	-
Enterprise Value (EV) ²	10,988	8,583	12,505	15,761	27,733	32,174	32,075	32,597
P/E ratio	-33.4 x	76.9 x	20.6 x	17.8 x	23.5 x	26 x	21.3 x	17.4 x
Yield	-	-	-	-	-	1.41%	1.4%	1.64%
Capitalization / Revenue	1.61 x	1.26 x	1.48 x	1.71 x	2.53 x	2.6 x	2.37 x	2.08 x
EV / Revenue	1.57 x	1.21 x	1.33 x	1.66 x	2.48 x	2.56 x	2.33 x	2.08 x
EV / EBITDA	13 x	7.35 x	6.44 x	7.94 x	10.4 x	10.7 x	9.46 x	7.94 x
EV / FCF	79.8 x	8.82 x	8.88 x	31.2 x	-	40.3 x	44.4 x	27 x
FCF Yield	1.25%	11.3%	11.3%	3.2%	-	2.48%	2.25%	3.7%
Price to Book	1.9 x	1.5 x	2.16 x	2.35 x	3.58 x	3.7 x	3.26 x	2.8 x
Nbr of stocks (in thousands)	13,006,125	12,997,052	12,926,125	12,948,349	12,968,672	12,986,802	-	-
Reference price ³	868.8	687.5	1,072	1,260	2,180	2,510	2,510	2,510
Announcement Date	5/29/20	4/1/21	3/29/22	5/2/23	3/25/24	-	-	-

¹IDR in Million²IDR in Billions³IDR

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	7,018	7,110	9,382	9,518	11,191	12,545	13,782	15,683
EBITDA ¹	843.2	1,168	1,940	1,984	2,671	3,006	3,389	4,106
EBIT ¹	-100.3	390.6	1,019	1,022	1,728	2,111	2,304	2,721
Operating Margin	-1.43%	5.49%	10.86%	10.74%	15.44%	16.83%	16.72%	17.35%
Earnings before Tax (EBT) ¹	-149.5	310.6	972.9	984.3	1,666	1,718	2,095	2,540
Net income ¹	-338.8	116.2	674.1	696.5	1,211	1,211	1,531	1,867
Net margin	-4.83%	1.63%	7.19%	7.32%	10.82%	9.66%	11.11%	11.9%
EPS ²	-26.05	8.940	52.02	70.59	92.92	96.46	117.9	143.9
Free Cash Flow ³	137,696	972,653	1,408,498	505,036	-	798,000	722,000	1,207,500
FCF margin	1,962.06%	13,679.83%	15,012.94%	5,306.11%	-	6,361%	5,238.53%	7,699.2%
FCF Conversion (EBITDA)	16,330.65%	83,302.33%	72,589.41%	25,455.44%	-	26,547.85%	21,301.51%	29,407.6%
FCF Conversion (Net income)	-	837,317.39%	208,939.69%	72,511.07%	-	65,874.2%	47,164.88%	64,675.95%
Dividend per Share ²	-	-	-	-	-	35.35	35.21	41.15
Announcement Date	5/29/20	4/1/21	3/29/22	5/2/23	3/25/24	-	-	-

¹IDR in Billions²IDR³IDR in Million

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	311	352	1,350	554	539	423	522	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ²	137,696	972,653	1,408,498	505,036	-	798,000	722,000	1,207,500
ROE (net income / shareholders' equity)	-5.54%	1.95%	10.9%	10.4%	15.5%	14.6%	16.1%	15.7%
ROA (Net income/ Total Assets)	-4.39%	1.44%	7.6%	7.34%	11.4%	10.3%	11.7%	12.1%
Assets ¹	7,719	8,085	8,866	9,485	10,663	11,799	13,121	15,387
Book Value Per Share ³	457.0	458.0	497.0	537.0	610.0	678.0	770.0	898.0
Cash Flow per Share	50.10	103.0	157.0	171.0	-	-	-	-
Capex ¹	514	364	625	1,183	1,428	2,308	2,284	2,249
Capex / Sales	7.32%	5.12%	6.66%	12.43%	12.76%	18.4%	16.57%	14.34%
Announcement Date	5/29/20	4/1/21	3/29/22	5/2/23	3/25/24	-	-	-

¹IDR in Billions²IDR in Million³IDR

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

2,510 IDR

Average target price

2,764 IDR

Spread / Average Target

+10.14%

	1st Jan change	Capi.
PT SILOAM INTERNATIONAL HOSPITALS TBK	+15.14%	2.03B
AIER EYE HOSPITAL GROUP CO., LTD.	-18.46%	16.57B
BANGKOK DUSIT MEDICAL SERVICES	+4.50%	12.51B
IHH HEALTHCARE	+4.31%	11.69B
APOLLO HOSPITALS ENTERPRISE LIMITED	+5.36%	10.36B
ENCOMPASS HEALTH CORPORATION	+24.72%	8.38B
RAMSAY HEALTH CARE LIMITED	-2.64%	7.75B
MOUWASAT MEDICAL SERVICES COMPANY	+20.04%	7.16B
THE ENSIGN GROUP, INC.	+4.17%	6.6B
GLOBAL HEALTH LIMITED	+46.90%	4.54B