Financials Praram 9 Hospital

Equities

PR9

TH8794010000

Healthcare Facilities & Services

End-of-day quote Thailand S.E. 06:00:00 2024-07-11 pm EDT 5-day change 1st Jan Change
17.9 THB +1.13% Intraday chart for Praram 9 Hospital +1.13% +11.88%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,172 7,077 8,649 13,288 12,581 14,075 - -
Enterprise Value (EV) 1 6,172 7,077 8,649 11,731 10,830 11,881 11,561 11,409
P/E ratio 21.8 x 34.6 x 34.4 x 23.5 x 22.5 x 21.5 x 19.2 x 17.3 x
Yield 1.78% 1.22% 1.27% 1.72% 1.88% 2.24% 2.49% 3.06%
Capitalization / Revenue 2.17 x 2.72 x 2.9 x 3.24 x 2.99 x 2.99 x 2.77 x 2.56 x
EV / Revenue 2.17 x 2.72 x 2.9 x 2.86 x 2.58 x 2.52 x 2.28 x 2.08 x
EV / EBITDA 12.1 x 16.2 x 14.7 x 11.8 x 11.3 x 10.9 x 9.59 x 8.81 x
EV / FCF -18.3 x -22.4 x 25.8 x 15.9 x 21 x 16 x 15.9 x 13.9 x
FCF Yield -5.47% -4.46% 3.88% 6.28% 4.75% 6.24% 6.28% 7.18%
Price to Book 1.53 x 1.72 x 2.02 x 2.81 x 2.48 x 2.58 x 2.39 x 2.25 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 17.90 17.90 17.90
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 4,715 5,081 5,498
EBITDA 1 511.2 437.8 590.2 991.3 958 1,092 1,205 1,295
EBIT 1 347.6 224.8 296.5 648.7 608.3 784.3 875.5 974.8
Operating Margin 12.2% 8.64% 9.93% 15.79% 14.48% 16.64% 17.23% 17.73%
Earnings before Tax (EBT) 1 347.6 230.3 300.3 700.1 688.6 820.8 909.7 1,005
Net income 1 284.5 202.1 249.2 567.6 557.9 661.5 736.8 816.5
Net margin 9.99% 7.77% 8.34% 13.82% 13.28% 14.03% 14.5% 14.85%
EPS 2 0.3600 0.2600 0.3200 0.7200 0.7100 0.8342 0.9315 1.038
Free Cash Flow 1 -337.7 -315.8 335.6 736.3 514.7 741.5 726 819
FCF margin -11.85% -12.14% 11.24% 17.93% 12.25% 15.73% 14.29% 14.9%
FCF Conversion (EBITDA) - - 56.86% 74.28% 53.73% 67.91% 60.23% 63.23%
FCF Conversion (Net income) - - 134.7% 129.72% 92.27% 112.09% 98.53% 100.31%
Dividend per Share 2 0.1400 0.1100 0.1400 0.2900 0.3000 0.4004 0.4457 0.5475
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 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2
Net sales 1 1,174 935.5 979.1 969.9 1,940 1,064 1,103 967.9 1,005 1,066 1,175 1,081 1,066
EBITDA - 217.4 258.1 - - - 242.3 190.9 206.5 229.7 296.6 249.2 -
EBIT 1 - 140.8 184.1 142.2 326.3 167.3 155.1 117.8 131.7 153.8 205 174.5 362
Operating Margin - 15.05% 18.8% 14.66% 16.82% 15.72% 14.06% 12.18% 13.11% 14.43% 17.45% 16.15% 33.96%
Earnings before Tax (EBT) 1 - - 194.1 153.6 347.6 180.5 171.9 133.8 148.9 173 232.9 196.7 362
Net income 1 - 115.9 157 124.8 281.8 147 138.7 108.8 121 140 188 159 293
Net margin - 12.39% 16.04% 12.86% 14.53% 13.82% 12.58% 11.24% 12.04% 13.14% 16.01% 14.71% 27.49%
EPS 2 - - 0.2000 0.1600 0.3600 0.1900 0.1700 0.1400 0.1500 0.1800 0.2400 0.2000 0.3700
Dividend per Share - - - - - - - - - - - - -
Announcement Date 8/11/20 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 5/14/24 -
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 1,751 2,194 2,514 2,666
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -338 -316 336 736 515 742 726 819
ROE (net income / shareholders' equity) 7.19% 5% 5.94% 12.6% 11.4% 12.5% 12.9% 13.5%
ROA (Net income/ Total Assets) 6.22% 4.2% 5.02% 10.6% 9.73% 11.2% 11.3% 11.8%
Assets 1 4,573 4,811 4,967 5,347 5,734 5,906 6,509 6,919
Book Value Per Share 2 5.140 5.230 5.440 6.020 6.460 6.940 7.490 7.960
Cash Flow per Share 2 - 0.5400 0.7500 1.140 1.020 1.250 1.360 1.430
Capex 1 828 740 252 156 289 322 335 344
Capex / Sales 29.06% 28.43% 8.45% 3.8% 6.89% 6.83% 6.6% 6.26%
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
17.9 THB
Average target price
22.87 THB
Spread / Average Target
+27.77%
Consensus
  1. Stock Market
  2. Equities
  3. PR9 Stock
  4. Financials Praram 9 Hospital