Financials Ramkhamhaeng Hospital

Equities

RAM

TH0259A10Z01

Healthcare Facilities & Services

End-of-day quote Thailand S.E. 06:00:00 2024-05-12 pm EDT 5-day change 1st Jan Change
30.5 THB -0.81% Intraday chart for Ramkhamhaeng Hospital -2.40% -15.28%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 33,480 47,700 64,500 43,200 36,600 - -
Enterprise Value (EV) 1 33,480 47,700 64,500 43,200 48,262 48,117 36,600
P/E ratio 53 x 11.4 x 30.9 x 27.9 x 25.3 x 22.3 x 19.9 x
Yield - 1.91% 2.05% - 2.12% 2.31% 2.49%
Capitalization / Revenue - 3.77 x 6.75 x 4.48 x 3.62 x 3.35 x 3.13 x
EV / Revenue - 3.77 x 6.75 x 4.48 x 4.78 x 4.41 x 3.13 x
EV / EBITDA - 6.76 x 23 x 26.2 x 24 x 20.8 x 14.3 x
EV / FCF - 19.8 x - - -58.3 x 30.3 x 25.1 x
FCF Yield - 5.06% - - -1.71% 3.3% 3.98%
Price to Book - 2.78 x 3.33 x - 1.84 x 1.75 x 1.67 x
Nbr of stocks (in thousands) 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 - -
Reference price 2 27.90 39.75 53.75 36.00 30.50 30.50 30.50
Announcement Date 3/1/21 3/1/22 3/2/23 3/1/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net sales 1 - 12,664 9,561 9,634 10,100 10,914 11,696
EBITDA 1 - 7,054 2,805 1,650 2,015 2,311 2,554
EBIT 1 - 6,068 1,807 614.3 824.7 1,027 1,200
Operating Margin - 47.92% 18.9% 6.38% 8.17% 9.41% 10.26%
Earnings before Tax (EBT) 1 - 5,844 2,575 1,694 1,708 1,978 2,224
Net income 1 632.1 4,193 2,088 1,551 1,447 1,643 1,835
Net margin - 33.11% 21.84% 16.1% 14.32% 15.05% 15.69%
EPS 2 0.5260 3.490 1.740 1.290 1.207 1.367 1.530
Free Cash Flow 1 - 2,412 - - -827.7 1,587 1,458
FCF margin - 19.05% - - -8.19% 14.54% 12.46%
FCF Conversion (EBITDA) - 34.19% - - - 68.68% 57.07%
FCF Conversion (Net income) - 57.53% - - - 96.64% 79.42%
Dividend per Share 2 - 0.7600 1.100 - 0.6467 0.7033 0.7600
Announcement Date 3/1/21 3/1/22 3/2/23 3/1/24 - - -
1THB in Million2THB
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 4,710 3,210 - - 2,679 2,298 - 2,530 2,387 2,459
EBITDA 1 2,063 - 877.4 - 626.2 460.5 477.8 512.5 334.9 510
EBIT 1 1,811 - 667.4 - 358.1 151.8 665.5 260.2 110.7 193
Operating Margin 38.44% - - - 13.37% 6.61% - 10.28% 4.64% 7.85%
Earnings before Tax (EBT) 1 1,993 - 959.2 - 470.9 284.3 696.4 547.3 165.8 426
Net income 1 1,646 - 706.5 479.3 618 267.2 476.5 478.4 329.2 370
Net margin 34.94% - - - 23.07% 11.62% - 18.91% 13.79% 15.05%
EPS 1.370 - 0.5900 0.4000 0.5200 0.2200 0.4000 0.4000 0.2700 -
Dividend per Share - - - - - - - - - -
Announcement Date 11/15/21 3/1/22 5/17/22 8/16/22 11/15/22 5/15/23 8/16/23 11/15/23 3/1/24 -
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - 11,662 11,517 -
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) - - - - 5.788 x 4.983 x -
Free Cash Flow 1 - 2,412 - - -828 1,587 1,458
ROE (net income / shareholders' equity) - 28% 11.2% - 7.83% 8.47% 9.03%
ROA (Net income/ Total Assets) - 13% 5.35% - 4.51% 5.06% 5.4%
Assets 1 - 32,352 39,013 - 32,077 32,464 33,988
Book Value Per Share 2 - 14.30 16.20 - 16.60 17.40 18.30
Cash Flow per Share 2 - 2.660 2.000 - 2.360 2.710 3.010
Capex 1 - 786 - - 1,160 871 729
Capex / Sales - 6.2% - - 11.49% 7.98% 6.23%
Announcement Date 3/1/21 3/1/22 3/2/23 3/1/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
30.5 THB
Average target price
34.33 THB
Spread / Average Target
+12.57%
Consensus
  1. Stock Market
  2. Equities
  3. RAM Stock
  4. Financials Ramkhamhaeng Hospital
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