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    Health services

  3. •

    Hospital/Nursing management
Aikchol Hospital Public Co. Ltd.

Aikchol Hospital Public Co. Ltd.

12.30
THB
+0.50
(+4.24%)
0.56EPS
22.58P/E
1.89BMarket Cap
Aikchol Hospital Public Co. Ltd.
SET:AHC
(Stock Exchange of Thailand)

Recent

price

12.30

P/E

ratio

22.58

div

yld

4.22%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
THB
6.44
7.18
8.47
9.19
10.03
10.08
10.65
10.41
11.01
11.13
9.46
12.18
13.08
11.96
11.73
12.04
11.52
Revenue per Share
0.56
0.68
1.15
1.27
1.21
1.07
1.22
0.85
0.94
0.89
0.48
1.72
1.81
1.26
0.85
1.03
0.56
Basic EPS, GAAP
0.78
0.96
0.96
1.06
1.07
0.8
1.14
0.98
0.89
0.85
1.04
2.37
1.35
1.03
0.7
1.05
0.8
Free Cash Flow per Basic Share
0.09
0.21
0.29
0.5
0.64
0.65
0.55
0.63
0.44
0.48
0.45
0.25
0.6
1.18
0.63
0.43
0.52
Dividend per Share
5.3
5.74
6.72
7.51
8.27
8.87
9.56
9.71
10.35
10.8
10.66
12.37
13.79
13.85
13.96
14.37
14.03
Book Value per Share
5.23
5.68
6.66
7.47
8.21
8.72
9.33
9.47
10.06
10.55
10.43
12.18
13.63
13.72
13.84
14.24
13.8
Tangible Book Value per Share
150
150
150
150
150
150
150
150
150
150
150
150
150
150
150
150
150
Basic Weighted Avg Shares
966
1,077
1,270
1,378
1,504
1,511
1,597
1,560
1,650
1,668
1,419
1,825
1,960
1,793
1,758
1,805
1,727
Sales/Revenue/Turnover
10.66
12.87
16.67
16.31
14.03
11.97
12.74
8.62
9.24
8.2
4.79
16.29
15.84
11.07
6.35
8.34
4.01
Operating Margin (%)
46
48
49
52
53
58
62
60
60
63
69
69
71
75
84
90
93
Depreciation Expense
85
102
173
190
182
160
183
128
141
133
72
258
271
189
127
154
84
Net Income, GAAP
24.55
30.58
22.84
19.71
19.68
19.6
19.52
19.31
19.37
19.4
19.29
19.61
19.89
19.4
19.44
19.27
18.3
Effective Tax Rate (%)
8.76
9.45
13.6
13.82
12.08
10.61
11.43
8.2
8.53
7.98
5.09
14.16
13.83
10.53
7.22
8.52
4.84
Profit Margin (%)
103
99
208
308
397
419
487
536
631
717
753
1,014
1,184
1,186
1,242
1,366
1,335
Working Capital
86
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
4
4
1
1
6
10
LT Debt
795
862
1,008
1,126
1,240
1,330
1,434
1,456
1,551
1,620
1,598
1,854
2,067
2,076
2,092
2,154
2,103
Total Equity
10.18
9.85
15.89
17.48
15.09
12.31
13.08
8.76
8.12
8.37
4.47
14.73
13.58
9.02
6.07
7.22
3.97
Return on Invested Capital (%)
10.29
11.94
18.48
17.85
15.36
12.47
13.21
8.85
9.36
8.4
4.49
14.93
13.78
9.09
6.09
7.23
3.97
Return on Capital (%)
11.26
12.28
18.48
17.85
15.36
12.47
13.21
8.85
9.36
8.4
4.49
14.97
13.82
9.11
6.09
7.24
3.98
Return on Common Equity (%)

Capital Structure

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
4
7
7
LT Borrowings
- -
- -
- -
LT Finance Leases
6
12
10
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
150
150
150
Market Capitalization
1,904
1,994
1,889

Working Capital

THB

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,645
1,639
1,605
Cash, Cash Equivalents & STI
1,388
1,374
1,345
Accounts Receivable, Net
95
93
101
Inventories
50
53
54
Total Current Liabilities
280
251
269
Payables & Accruals
235
225
235
ST Debt
4
7
7
Deferred Revenue
- -
- -
- -

Growth Rates

THB

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.07%
6.34%
2.98%
Free Cash Flow
11.68%
15.9%
49.52%
Net Income, GAAP
16.37%
44.16%
21.05%
Sales/Revenue/Turnover
2.35%
5.64%
2.64%
Total Cash Common Dividend
8.6%
22.82%
-31.75%

Quarterly Revenue

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
433
430
477
418
1,758
2025
423
481
443
457
1,805
2026
410
417
- -
- -
- -

Quarterly Earnings Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.18
0.16
0.42
0.08
0.85
2025
0.31
0.33
0.21
0.17
1.03
2026
0.13
0.05
- -
- -
- -

Quarterly Dividends Per Share

THB

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.63
- -
- -
0.63
2025
- -
0.43
- -
- -
0.43
2026
- -
0.52
- -
- -
- -
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Business
Aikchol Hospital Public Company Limited (AHC.BK) operates as a private hospital provider in Thailand, delivering comprehensive medical and nursing care services under the Aikchol Hospital trademark; its core offerings encompass disease prevention, medical treatment, health strengthening, and rehabilitation services across outpatient and inpatient departments, including 24/7 accident and emergency care; radiology and medical check-ups; internal medicine; ear, nose, and throat (ENT); cardiology; general surgery; pediatrics; orthopedics; gynecology; dermatology; neurosurgery; acupuncture; and specialized clinics such as allergy, dental, physical therapy, and health counseling. The company serves individuals, insurance policyholders, corporate contract parties, and social security insured patients primarily from Chonburi Province and the Eastern Seaboard region. Founded in 1978 by Dr. Ekkapot Vanich and headquartered at 68/3 Moo 2, Phraya Satja Road, Ban Suan, Mueang Chonburi, Thailand, Aikchol maintains two facilities—Aikchol Hospital with approximately 262-310 beds and Aikchol 2 Hospital with 100 beds—totaling over 1,000 staff and listed on the Stock Exchange of Thailand since 1992. Recent developments include the 2016 land purchase for Aikchol Hospital expansion and the 2025 Annual General Meeting of Shareholders held at Aikchol Ang Sila Hospital, signaling ongoing operational enhancements amid steady financial performance with net income reported at 127.01 million THB for fiscal year 2024.