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    Medical - Care Facilities
Chiang Mai Ram Medical Business Public Company Limited

Chiang Mai Ram Medical Business Public Company Limited

CMR.BK
Chiang Mai Ram Medical Business Public Company LimitedTH flagStock Exchange of Thailand
1.32
THB
+0.01
- -
5.37BMarket Cap
Chiang Mai Ram Medical Business Public Company Limited
CMR.BK
(Stock Exchange of Thailand)

Recent

price

1.32

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.45
0.48
0.56
0.66
0.72
0.82
0.87
0.93
0.98
0.98
0.91
1.04
1.29
1.25
0.63
0.61
0.44
Revenue per Share
0.03
0.03
0.05
0.09
0.1
0.12
0.1
0.11
0.09
0.04
0.05
0.07
0.13
0.05
0.03
0.6
0.6
Basic EPS, GAAP
0.07
0.04
0.09
0.11
0.02
0.1
-0.13
-0.05
0.08
-0.06
-0.19
-0.06
0.19
0.15
0.15
0.02
-0.01
Free Cash Flow per Basic Share
0.03
0.02
0.03
0.03
0.04
0.05
0.04
0.06
0.06
0.06
0.06
0.07
0.08
0.09
0.08
0.3
0.41
Dividend per Share
0.09
0.1
0.13
0.2
0.26
0.35
0.4
0.46
0.5
0.49
0.49
0.51
0.58
0.57
0.54
1.06
1.07
Book Value per Share
0.4
0.4
0.52
0.66
0.77
0.9
1.24
1.23
1.22
1.32
1.29
1.53
1.89
1.61
1.37
1.07
1.07
Tangible Book Value per Share
4,023
4,023
4,023
4,023
4,023
4,023
4,023
4,023
4,023
4,023
4,023
4,023
4,023
4,046
4,071
4,071
4,071
Basic Weighted Avg Shares
1,822
1,942
2,253
2,664
2,898
3,288
3,482
3,748
3,935
3,927
3,668
4,193
5,205
5,066
2,547
2,496
1,784
Sales/Revenue/Turnover
16.35
14.83
17.05
23.31
21.38
23.95
19.86
19.47
15.9
10.37
8.62
11.01
15.74
10.23
3.22
9.73
7.81
Operating Margin (%)
103
114
129
135
143
168
203
232
251
263
278
347
469
497
479
448
405
Depreciation Expense
137
135
207
367
387
501
388
440
375
158
198
292
504
218
131
2,446
2,428
Net Income, GAAP
28.61
30.37
23.44
19.38
19.32
19.73
22.62
17.81
18.22
28.37
21.7
17.15
18.11
21.06
27.87
2.98
2.19
Effective Tax Rate (%)
7.5
6.97
9.17
13.78
13.35
15.23
11.13
11.75
9.54
4.03
5.4
6.97
9.68
4.3
5.12
98
136.08
Profit Margin (%)
-688
-692
-529
-150
-402
-451
-978
-861
-1,021
-1,333
-1,617
-1,844
-2,065
-2,079
-2,165
-1,659
-1,662
Working Capital
139
100
403
474
306
231
546
1,038
785
1,286
2,030
2,301
1,837
1,528
1,314
872
793
LT Debt
1,666
1,719
2,413
2,983
3,422
3,928
5,298
5,266
5,214
5,603
5,492
6,457
7,927
6,835
5,879
4,563
4,591
Total Equity
10.26
7.6
9.66
13.04
11.24
12.83
8.73
8.12
6.73
3.61
2.78
3.83
5.91
3.65
3
2.92
1.73
Return on Invested Capital (%)
9.72
5.59
7.98
10.51
9.64
11.29
6.66
6.89
5.98
1.11
2.93
3.43
4.68
1.91
1.59
36.15
36.77
Return on Capital (%)
72.64
34.56
44.02
55.51
42.04
41.01
25.89
25.58
19.4
7.92
10.12
14.57
22.98
9.43
5.82
75.14
76.06
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
2,228
1,331
1,418
LT Borrowings
1,388
872
793
LT Finance Leases
9
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,071
4,071
4,071
Market Capitalization
6,799
5,781
5,333

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,636
907
582
Cash, Cash Equivalents & STI
978
455
58
Accounts Receivable, Net
170
92
74
Inventories
130
53
61
Total Current Liabilities
3,914
2,567
2,244
Payables & Accruals
1,318
951
542
ST Debt
2,228
1,331
1,418
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.9%
-1.96%
-22.37%
Free Cash Flow
-107.45%
-116%
-84.78%
Net Income, GAAP
174.1%
359.46%
1,774.21%
Sales/Revenue/Turnover
-0.42%
-3.19%
-2.01%
Total Cash Common Dividend
35.73%
66.16%
298.89%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,326
1,279
1,431
1,252
2,547
2025
621
1,217
1,300
-1,341
2,496
2026
608
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.01
0.02
- -
0.03
2025
0.01
0.01
-0.02
- -
0.6
2026
0.01
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.08
- -
- -
0.08
2025
- -
0.07
0.09
- -
0.3
2026
0.1
- -
- -
- -
- -
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Business
Chiang Mai Ram Medical Business Public Company Limited operates private hospitals in northern Thailand, primarily through its flagship Lanna Hospital in Chiang Mai; it provides comprehensive medical services including internal medicine and subspecialties, cardiology, general practice, pediatrics, orthopedics and general surgery, pediatric surgery, obstetrics-gynecology, radiology, dentistry, anesthesiology, ENT, and ophthalmology; sub-specialty clinics cover urology, neurology, endocrinology, oncology, hematology, plastic surgery, gastroenterology, and dermatology, alongside infertility and gynecologic oncology clinics; ancillary services encompass dental care, X-ray and multi-slice CT imaging, cardiac catheterization, back pain treatment, physical therapy, operating theaters, laboratories with real-time PCR, ambulance services, chronic renal dialysis, and health check-ups; the company also offers insurance products and serves general hospital and social security patients. Founded in 1974 and headquartered at 8 Boonruangrit Road, Amphur Mueang, Chiang Mai, Thailand, it targets local residents, international patients, and insured customers across northern Thailand with subsidiaries including Chiang Mai Ram Hospital Co., Ltd., Hariphunchai Memorial Hospital Co., Ltd., and Ramkhamhaeng Chiangmai Hospital Co., Ltd.; it functions as a subsidiary of Vibhavadi Medical Center Public Company Limited within the broader Ram Hospital Group ecosystem. In recent developments, its parent Ramkhamhaeng Hospital Public Company Limited signed a letter of intent in September 2025 to acquire an additional 7.12% stake in Chiang Mai Ram Hospital Co., Ltd., strengthening group integration; the company bolstered international partnerships in March 2025 with providers such as International SOS, Asian Assistance, April Assistance, and Thailand Privilege Card to enhance patient services; it maintains ongoing expansion within Thailand's private healthcare sector amid rising demand for specialized treatments.