Financials Ramkhamhaeng Hospital

Equities

RAM

TH0259A10Z01

Healthcare Facilities & Services

End-of-day quote Thailand S.E. 06:00:00 2024-06-11 pm EDT 5-day change 1st Jan Change
29.75 THB -1.65% Intraday chart for Ramkhamhaeng Hospital -2.46% -17.36%

Valuation

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 33,480 47,700 64,500 43,200 36,300 - -
Enterprise Value (EV) 1 33,480 47,700 64,500 52,149 47,962 47,817 36,300
P/E ratio 53 x 11.4 x 30.9 x 27.9 x 26.3 x 21.8 x 19.4 x
Yield - 1.91% 2.05% - 1.51% 2.36% 2.55%
Capitalization / Revenue - 3.77 x 6.75 x 4.48 x 3.57 x 3.33 x 3.1 x
EV / Revenue - 3.77 x 6.75 x 5.41 x 4.72 x 4.38 x 3.1 x
EV / EBITDA - 6.76 x 23 x 31.6 x 24.4 x 20.7 x 14.2 x
EV / FCF - 19.8 x - -201 x 255 x 30.1 x 24.9 x
FCF Yield - 5.06% - -0.5% 0.39% 3.32% 4.02%
Price to Book - 2.78 x 3.33 x 2.33 x 1.66 x 1.71 x 1.63 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 29.75 29.75 29.75
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 10,166 10,914 11,696
EBITDA 1 - 7,054 2,805 1,650 1,966 2,311 2,554
EBIT 1 - 6,068 1,807 614.3 697 1,027 1,200
Operating Margin - 47.92% 18.9% 6.38% 6.86% 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 1,352 1,643 1,835
Net margin - 33.11% 21.84% 16.1% 13.3% 15.05% 15.69%
EPS 2 0.5260 3.490 1.740 1.290 1.130 1.367 1.530
Free Cash Flow 1 - 2,412 - -259.8 188 1,587 1,458
FCF margin - 19.05% - -2.7% 1.85% 14.54% 12.46%
FCF Conversion (EBITDA) - 34.19% - - 9.56% 68.68% 57.07%
FCF Conversion (Net income) - 57.53% - - 13.91% 96.64% 79.42%
Dividend per Share 2 - 0.7600 1.100 - 0.4500 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 Q4 2022 Q1 2022 Q2 2022 Q3 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1
Net sales 1 3,210 - - 2,679 2,298 - 2,530 2,387 2,395
EBITDA 1 - 877.4 - 626.2 460.5 477.8 512.5 334.9 590.9
EBIT 1 - 667.4 - 358.1 151.8 665.5 260.2 110.7 326.3
Operating Margin - - - 13.37% 6.61% - 10.28% 4.64% 13.62%
Earnings before Tax (EBT) 1 - 959.2 - 470.9 284.3 696.4 547.3 165.8 403
Net income 1 - 706.5 479.3 618 267.2 476.5 478.4 329.2 343.2
Net margin - - - 23.07% 11.62% - 18.91% 13.79% 14.33%
EPS - 0.5900 0.4000 0.5200 0.2200 0.4000 0.4000 0.2700 -
Dividend per Share - - - - - - - - -
Announcement Date 3/1/22 5/17/22 8/16/22 11/15/22 5/15/23 8/16/23 11/15/23 3/1/24 5/16/24
1THB in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 8,949 11,662 11,517 -
Net Cash position 1 - - - - - - -
Leverage (Debt/EBITDA) - - - 5.422 x 5.932 x 4.983 x -
Free Cash Flow 1 - 2,412 - -260 188 1,587 1,458
ROE (net income / shareholders' equity) - 28% 11.2% 8.21% 7.6% 8.47% 9.03%
ROA (Net income/ Total Assets) - 13% 5.35% 3.74% 4.51% 5.06% 5.4%
Assets 1 - 32,352 39,013 41,512 29,978 32,464 33,988
Book Value Per Share 2 - 14.30 16.20 15.50 17.90 17.40 18.30
Cash Flow per Share 2 - 2.660 2.000 2.030 2.360 2.710 3.010
Capex 1 - 786 - 2,697 2,058 1,010 729
Capex / Sales - 6.2% - 27.99% 20.24% 9.25% 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
29.75 THB
Average target price
34.33 THB
Spread / Average Target
+15.41%
Consensus
  1. Stock Market
  2. Equities
  3. RAM Stock
  4. Financials Ramkhamhaeng Hospital